Размер мирового рынка, прогноз и основные тенденции на 2023-2035 годы
The bismaleimide monomer market size is expected to reach US$ 88 million by the end of 2035 , growing at a CAGR of 3% during the forecast period, i.e., 2023–2035. The bismaleimide monomer industry size was estimated to be over US$ 65 million in 2022. The market growth is primarily attributed to its specific properties, such as exceptional dimensional stability and high-temperature efficiency, which are driving its demand, especially in the rapidly evolving aerospace, automotive, and electrical and electronics industries. For example, the global electronics industry has been showing positive growth since mid-2020. As part of this evolution, electronics exports in several major electronics manufacturing hubs in the Asia Pacific region continued to grow strongly until mid-2022. South Korea's ICT exports increased by 19% YoY to ~US$124 billion in the first 6 months of 2022, accounting for 36% of South Korea's total exports, while India's total electronics exports increased by 44% YoY to ~US$12 billion compared to the previous fiscal year 2021-22.
Bismaleimides are addition-type polyimides used in high-performance structural composites that require high temperature and strength. The monomers are typically created by combining maleic anhydride and an aromatic diamine, and the resulting bismaleamic acid is cyclodehydrated to form a bismaleimide resin. The maleimide double bond is highly reactive and can undergo a chain reaction. Bismaleimides have a higher service temperature than epoxy resins. Insulation materials are becoming increasingly popular in the growing aerospace, computer, and construction industries. According to the World Bank, global industrial growth (including the construction industry) is expected to reach 28.3% in 2021.
Сектор бисмалеимидного мономера: драйверы роста и проблемы
Growth Drivers
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Aerospace and Defense Growth: Air travel conditions have improved significantly since the pandemic. The global availability of COVID vaccines is paving the way for the liberalization of air travel. On the other hand, to stimulate growth, defense companies are trying to focus their efforts on improving the efficiency of their fighter jets, space sustainability, shipbuilding, and cybersecurity capabilities . Such growth in the aerospace and defense industry is increasing the demand for bismaleimide monomers. For example, in 2021, the global aerospace and defense sector revenue was about US$715 billion, up 6% from 2020.
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The drive to grow the automobile industry. By the end of 2030, the potential revenue of the global automobile industry is projected to be nearly $1.8 trillion, growing by 31% in the same year.
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Rise in computer production. Bismaleimide monomers are widely used in various composite formulations for multilayer printed circuit boards in high-performance computers. Thus, the rise in large-scale computer production is another important factor driving the demand for bismaleimide monomers. As of 2021, about 344 million computers have been sold worldwide.
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The chemical industry is booming. In 2021, the estimated global chemical industry revenue reached its highest level in 16 years, bringing the total to approximately US$5 trillion.
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Rising R&D Spending: According to the World Bank, global R&D spending increased to 2.63% of total GDP in 2020.
Problems
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- Strict Government Regulations : The first challenge this market faces is the strict rules and regulations regarding bismaleimide monomers put forth by the government.
- Limitations such as high melting point.
- Low electrical conductivity
Рынок бисмалеимидного мономера: ключевые выводы
<body> <tr> <tr> <tr> <tr> <tr> <tr>
|
Base year |
2022 |
|
Forecasted year |
2023–2035 |
|
CAGR |
~3% |
|
Market size in the base year (2022) |
~65 million US dollars |
|
Market size for the forecast year (2035) |
~88 million US dollars |
|
Regional coverage |
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|
Сегментация бисмалеимидного мономера
Type (4,4'-bismaleimidodiphenylmethane, M-phenylenebismaleimide, phenimethanmaleimide, 4-methyl-1,3-phenylenebismaleimide, BANI-M and others)
The global Bismaleimide Monomers market is segmented and analyzed for supply and demand by types into 4,4'-Bismaleimidodiphenylmethane, M-Phenylenebismaleimide, Phenylmethanemaleimide, 4-Methyl-1,3-phenylenebismaleimide, BANI-M, and others. Of these, the 4,4'-Bismaleimidodiphenylmethane segment is estimated to witness significant growth during the forecast period. Owing to its significant usage in the production of insulated wires. The export of insulated wires is growing rapidly, which is estimated to lead to the growth of this segment. For example, the export of insulated wires and cables from China increased to USD 2,451,212 in July 2022 from USD 2,375,592 in June 2022.
End user (aerospace, defense, electronics, etc.)
The market is further segmented and analyzed based on the supply and demand from the end users in the aerospace, defense, electronics and others sectors. Out of these, the aerospace segment is expected to hold the largest market share of 45%, defense 25%, electronics 20% and others 10%. Growing investments by governments and aerospace companies in importing high-quality composites are estimated to drive the market growth in the coming years. The value of Spanish government imports has increased from US$ 3,811 in 2016 to US$ 4,478 in 2019. The availability of raw materials has doubled and cheap labor and low costs are fueling the growth of this segment.
Our in-depth analysis of the global market includes the following segments:
<body> <tr> <td>
By type
<td> <ul>
- 4,4'-bismaleimidodiphenylmethane
- M-phenylenebismaleimide
- Phenimethane maleimide
- 4-methyl-1
- 3-phenylene-bismaleimide
- BATH-M
- Other
- <tr> <td>
By application
<td> <ul> - Resins
- Adhesives
- Composites
- Other
- <tr> <td>
End user
<td> <ul> - Aerospace industry
- Protection
- Electronics
- Other
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Asia Pacific Market Statistics
By the end of 2035, the Asia Pacific Bismaleimide Monomer market is projected to hold a significant market share. This is fueled by the massive growth of the automobile industry and rapid industrialization in countries like Japan, China, and India. For example, China’s automobile sector produced around 22 million passenger vehicles in 2021, while Japan ranked second in this regard by producing nearly 7 million passenger vehicles in the same year. Asia Pacific is a region that is considered to be the largest industrial hub in the world. It includes industries like automobile, aerospace, electronics, and electrical engineering. Low cost coupled with cheap labor and easy availability of raw materials are the key factors available in Asia Pacific that are driving the growth of this market.
North American Market Forecast
Additionally, the North America region held the largest market share in 2022. Increase in production capacity and adoption of various organic and inorganic growth strategies are estimated to lead to expansion of the business and product portfolio. This factor is expected to fuel the growth of the bismaleimide monomer market in the region during the forecast period. Furthermore, the growth of the aerospace industry in this region is expected to boost the growth of the bismaleimide monomer market during the forecast period. Bismaleimide monomers help in reducing the weight of aircraft as well as reducing the manufacturing cost, while making them more in demand in the aerospace sector.
Компании, доминирующие на рынке мономеров бисмалеимида
- Evonik Industries AG <ul>
- Company overview
- Business strategy
- Main product offerings
- Financial indicators
- Key performance indicators
- Risk analysis
- Latest developments
- Regional presence
- SWOT analysis
- Solvay S.A.
- Hexcel Corporation
- Huntsman International LLC
- Teijin Limited
- MPI Chemie B.V.
- TCI Europe N.V.
- Willing New Materials Technology Co., Ltd.
- Honghu Shuangma Advanced Materials Tech Co., Ltd.
- ABR Organics Limited
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In the News
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Huntsman Corporation and KPX Chemical have formed a joint venture called KPX HUNTSMAN POLYURETHANES AUTOMOTIVE CO., LTD. (KHPUA) to provide innovative polyurethane systems to Korean automobile manufacturers.
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Hexcel Corporation has joined the UK-based ASCEND (Aerospace and Automotive Supply Chain Endeavours) project, which aims to develop high-speed manufacturing and processing technologies to enable the development of new, lightweight and advanced composite materials.
Авторы отчета: Rajrani Baghel
- Report ID: 4313
- Published Date: Mar 24, 2023
- Report Format: PDF, PPT
