BMI Resins Market Size

BMI Resins Market size was valued at USD 151.11 Billion in 2023 and is likely to reach USD 197.98 Billion by the end of 2036, registering around 2.1% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of bmi resins is assessed at USD 154.28 Billion. The growth of the market can be attributed to the growing need for lightweight composites in the aircraft and aerospace industries in the form of matrix for advanced composites. The use of lightweight composites in the manufacturing of aircraft contributes to improvement in fuel efficiency and they are more oxidative and facilitate moisture absorption quality. For instance, global average annual fuel efficiency improved by 1.7% during the period 2010 to 2020.   

High-performance structural composites use bismaleimides, which are addition-type polyimides that are particularly resistant to heat and have a high level of toughness. The production of bismaleimide involves the polymerization of a prepolymer terminating in two maleimide groups. A bismaleimide is capable of being used at intermediate temperatures (between epoxy and polyimide). Despite their excellent mechanical, electrical, and thermal properties, BMI resins are relatively low in moisture absorption. Moreover, the innovative and advanced product development by key manufacturers along with increasing R&D spending is expected to drive the global BMI resins market over the forecast period. For instance, in march 2019, Teijin Limited developed the first pre-impregnated carbon fiber sheet made from BMI matrix resin. The material is heat and impact-resistant, making it ideal for aerospace engine materials.