The Latin America, Middle East and Africa PMI Foam Market would witness market growth of 6.8% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 413.80 thousand square meter, showcasing a growth of 7.2% (2023-2030).
Integrating graphene, a remarkable nanomaterial, into PMI foam matrices enhances mechanical strength, thermal conductivity, and electrical conductivity. This innovation opens avenues for applications requiring superior strength and multifunctionality, such as in aerospace and electronics. Innovations in self-healing materials are making their way into PMI foam formulations. Microcapsules containing healing agents are incorporated into the foam, allowing it to repair minor damage autonomously, extending the material's lifespan and durability in demanding applications.
Furthermore, combining PMI foam with other advanced materials, such as carbon fiber or aramid fibers, results in hybrid composites with synergistic properties. These hybrid materials balance strength, stiffness, and lightweight characteristics, expanding the application range of PMI foam in high-performance structures. Researchers are exploring ways to imbue PMI foam with multifunctional capabilities. From thermal insulation to electromagnetic shielding, the development of PMI foam with diverse functionalities opens doors to aerospace, defense, and electronics applications.
Saudi Arabia has been actively investing in developing public transport infrastructure, including metro systems, railways, and buses. It is acquiring traction in the transportation industry due to its lightweight characteristics, contributes to reducing vehicle weight, enhancing fuel efficiency, and improving performance. As per the data released in 2023 by the International Trade Administration, in line with the Kingdom’s long-term strategic Vision 2030 program, Saudi Arabia initiated the National Transport and Logistics Strategy to advance and broaden transportation connectivity via rail-to-road and sea-to-air means. The country’s freight and logistics sector is valued at $20.47 billion and is expected to reach $32.12 billion by 2026. Hence, the increasing transportation sector in the LAMEA region will assist in the expansion of the regional market.
The Brazil market dominated the LAMEA PMI Foam Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,122.6 Thousands by 2030. The Argentina market is showcasing a CAGR of 7.4% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 6.6% during (2023 - 2030).
Free Valuable Insights: The Worldwide PMI Foam Market is Projected to reach USD 89.4 Million by 2030, at a CAGR of 5.2%
Based on Application, the market is segmented into Aerospace & Defense, Automotive & Transportation, Wind Energy, Sports Goods, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
List of Key Companies Profiled
- BASF SE
- SABIC (Saudi Arabian Oil Company)
- Evonik Industries AG (RAG-Stiftung)
- Solvay SA
- Zotefoams plc
- DuPont de Nemours, Inc.
- Diab Group
- The Dow Chemical Company
- Huntsman Corporation
- Covestro AG
LAMEA PMI Foam Market Report Segmentation
By Application (Volume, Thousand Square Meter, USD Million, 2019-2030)
- Aerospace & Defense
- Automotive & Transportation
- Wind Energy
- Sports Goods
- Others
By Country (Volume, Thousand Square Meter, USD Million, 2019-2030)
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
TABLE 1 LAMEA PMI Foam Market, 2019 - 2022, USD Thousands
TABLE 2 LAMEA PMI Foam Market, 2023 - 2030, USD Thousands
TABLE 3 LAMEA PMI Foam Market, 2019 - 2022, Thousand Square Meter
TABLE 4 LAMEA PMI Foam Market, 2023 - 2030, Thousand Square Meter
TABLE 5 LAMEA PMI Foam Market, By Application, 2019 - 2022, USD Thousands
TABLE 6 LAMEA PMI Foam Market, By Application, 2023 - 2030, USD Thousands
TABLE 7 LAMEA PMI Foam Market, By Application, 2019 - 2022, Thousand Square Meter
TABLE 8 LAMEA PMI Foam Market, By Application, 2023 - 2030, Thousand Square Meter
TABLE 9 LAMEA Aerospace & Defense Market, By Country, 2019 - 2022, USD Thousands
TABLE 10 LAMEA Aerospace & Defense Market, By Country, 2023 - 2030, USD Thousands
TABLE 11 LAMEA Aerospace & Defense Market, By Country, 2019 - 2022, Thousand Square Meter
TABLE 12 LAMEA Aerospace & Defense Market, By Country, 2023 - 2030, Thousand Square Meter
TABLE 13 LAMEA Automotive & Transportation Market, By Country, 2019 - 2022, USD Thousands
TABLE 14 LAMEA Automotive & Transportation Market, By Country, 2023 - 2030, USD Thousands
TABLE 15 LAMEA Automotive & Transportation Market, By Country, 2019 - 2022, Thousand Square Meter
TABLE 16 LAMEA Automotive & Transportation Market, By Country, 2023 - 2030, Thousand Square Meter
TABLE 17 LAMEA Wind Energy Market, By Country, 2019 - 2022, USD Thousands
TABLE 18 LAMEA Wind Energy Market, By Country, 2023 - 2030, USD Thousands
TABLE 19 LAMEA Wind Energy Market, By Country, 2019 - 2022, Thousand Square Meter
TABLE 20 LAMEA Wind Energy Market, By Country, 2023 - 2030, Thousand Square Meter
TABLE 21 LAMEA Sports Goods Market, By Country, 2019 - 2022, USD Thousands
TABLE 22 LAMEA Sports Goods Market, By Country, 2023 - 2030, USD Thousands
TABLE 23 LAMEA Sports Goods Market, By Country, 2019 - 2022, Thousand Square Meter
TABLE 24 LAMEA Sports Goods Market, By Country, 2023 - 2030, Thousand Square Meter
TABLE 25 LAMEA Others Market, By Country, 2019 - 2022, USD Thousands
TABLE 26 LAMEA Others Market, By Country, 2023 - 2030, USD Thousands
TABLE 27 LAMEA Others Market, By Country, 2019 - 2022, Thousand Square Meter
TABLE 28 LAMEA Others Market, By Country, 2023 - 2030, Thousand Square Meter
TABLE 29 LAMEA PMI Foam Market, By Country, 2019 - 2022, USD Thousands
TABLE 30 LAMEA PMI Foam Market, By Country, 2023 - 2030, USD Thousands
TABLE 31 LAMEA PMI Foam Market, By Country, 2019 - 2022, Thousand Square Meter
TABLE 32 LAMEA PMI Foam Market, By Country, 2023 - 2030, Thousand Square Meter
TABLE 33 Brazil PMI Foam Market, 2019 - 2022, USD Thousands
TABLE 34 Brazil PMI Foam Market, 2023 - 2030, USD Thousands
TABLE 35 Brazil PMI Foam Market, 2019 - 2022, Thousand Square Meter
TABLE 36 Brazil PMI Foam Market, 2023 - 2030, Thousand Square Meter
TABLE 37 Brazil PMI Foam Market, By Application, 2019 - 2022, USD Thousands
TABLE 38 Brazil PMI Foam Market, By Application, 2023 - 2030, USD Thousands
TABLE 39 Brazil PMI Foam Market, By Application, 2019 - 2022, Thousand Square Meter
TABLE 40 Brazil PMI Foam Market, By Application, 2023 - 2030, Thousand Square Meter
TABLE 41 Argentina PMI Foam Market, 2019 - 2022, USD Thousands
TABLE 42 Argentina PMI Foam Market, 2023 - 2030, USD Thousands
TABLE 43 Argentina PMI Foam Market, 2019 - 2022, Thousand Square Meter
TABLE 44 Argentina PMI Foam Market, 2023 - 2030, Thousand Square Meter
TABLE 45 Argentina PMI Foam Market, By Application, 2019 - 2022, USD Thousands
TABLE 46 Argentina PMI Foam Market, By Application, 2023 - 2030, USD Thousands
TABLE 47 Argentina PMI Foam Market, By Application, 2019 - 2022, Thousand Square Meter
TABLE 48 Argentina PMI Foam Market, By Application, 2023 - 2030, Thousand Square Meter
TABLE 49 UAE PMI Foam Market, 2019 - 2022, USD Thousands
TABLE 50 UAE PMI Foam Market, 2023 - 2030, USD Thousands
TABLE 51 UAE PMI Foam Market, 2019 - 2022, Thousand Square Meter
TABLE 52 UAE PMI Foam Market, 2023 - 2030, Thousand Square Meter
TABLE 53 UAE PMI Foam Market, By Application, 2019 - 2022, USD Thousands
TABLE 54 UAE PMI Foam Market, By Application, 2023 - 2030, USD Thousands
TABLE 55 UAE PMI Foam Market, By Application, 2019 - 2022, Thousand Square Meter
TABLE 56 UAE PMI Foam Market, By Application, 2023 - 2030, Thousand Square Meter
TABLE 57 Saudi Arabia PMI Foam Market, 2019 - 2022, USD Thousands
TABLE 58 Saudi Arabia PMI Foam Market, 2023 - 2030, USD Thousands
TABLE 59 Saudi Arabia PMI Foam Market, 2019 - 2022, Thousand Square Meter
TABLE 60 Saudi Arabia PMI Foam Market, 2023 - 2030, Thousand Square Meter
TABLE 61 Saudi Arabia PMI Foam Market, By Application, 2019 - 2022, USD Thousands
TABLE 62 Saudi Arabia PMI Foam Market, By Application, 2023 - 2030, USD Thousands
TABLE 63 Saudi Arabia PMI Foam Market, By Application, 2019 - 2022, Thousand Square Meter
TABLE 64 Saudi Arabia PMI Foam Market, By Application, 2023 - 2030, Thousand Square Meter
TABLE 65 South Africa PMI Foam Market, 2019 - 2022, USD Thousands
TABLE 66 South Africa PMI Foam Market, 2023 - 2030, USD Thousands
TABLE 67 South Africa PMI Foam Market, 2019 - 2022, Thousand Square Meter
TABLE 68 South Africa PMI Foam Market, 2023 - 2030, Thousand Square Meter
TABLE 69 South Africa PMI Foam Market, By Application, 2019 - 2022, USD Thousands
TABLE 70 South Africa PMI Foam Market, By Application, 2023 - 2030, USD Thousands
TABLE 71 South Africa PMI Foam Market, By Application, 2019 - 2022, Thousand Square Meter
TABLE 72 South Africa PMI Foam Market, By Application, 2023 - 2030, Thousand Square Meter
TABLE 73 Nigeria PMI Foam Market, 2019 - 2022, USD Thousands
TABLE 74 Nigeria PMI Foam Market, 2023 - 2030, USD Thousands
TABLE 75 Nigeria PMI Foam Market, 2019 - 2022, Thousand Square Meter
TABLE 76 Nigeria PMI Foam Market, 2023 - 2030, Thousand Square Meter
TABLE 77 Nigeria PMI Foam Market, By Application, 2019 - 2022, USD Thousands
TABLE 78 Nigeria PMI Foam Market, By Application, 2023 - 2030, USD Thousands
TABLE 79 Nigeria PMI Foam Market, By Application, 2019 - 2022, Thousand Square Meter
TABLE 80 Nigeria PMI Foam Market, By Application, 2023 - 2030, Thousand Square Meter
TABLE 81 Rest of LAMEA PMI Foam Market, 2019 - 2022, USD Thousands
TABLE 82 Rest of LAMEA PMI Foam Market, 2023 - 2030, USD Thousands
TABLE 83 Rest of LAMEA PMI Foam Market, 2019 - 2022, Thousand Square Meter
TABLE 84 Rest of LAMEA PMI Foam Market, 2023 - 2030, Thousand Square Meter
TABLE 85 Rest of LAMEA PMI Foam Market, By Application, 2019 - 2022, USD Thousands
TABLE 86 Rest of LAMEA PMI Foam Market, By Application, 2023 - 2030, USD Thousands
TABLE 87 Rest of LAMEA PMI Foam Market, By Application, 2019 - 2022, Thousand Square Meter
TABLE 88 Rest of LAMEA PMI Foam Market, By Application, 2023 - 2030, Thousand Square Meter
TABLE 89 Key Information – BASF SE
TABLE 90 Key Information – SABIC
TABLE 91 Key Information – Evonik Industries AG
TABLE 92 Key Information – Solvay SA
TABLE 93 Key Information – Zotefoams plc
TABLE 94 Key Information –DuPont de Nemours, Inc.
TABLE 95 Key Information – Diab Group
TABLE 96 Key Information – The Dow Chemical Company
TABLE 97 key Information – Huntsman Corporation
TABLE 98 key information – Covestro AG
List of Figures
FIG 1 Methodology for the research
FIG 2 LAMEA PMI Foam Market, 2019 - 2030, USD Thousands
FIG 3 Key Factors Impacting PMI Foam Market
FIG 4 Porter’s Five Forces Analysis – PMI Foam Market
FIG 5 LAMEA PMI Foam Market share, By Application, 2022
FIG 6 LAMEA PMI Foam Market share, By Application, 2030
FIG 7 LAMEA PMI Foam Market, By Application, 2019 - 2030, USD Thousands
FIG 8 LAMEA PMI Foam Market share, By Country, 2022
FIG 9 LAMEA PMI Foam Market share, By Country, 2030
FIG 10 LAMEA PMI Foam Market, By Country, 2019 - 2030, USD Thousands
FIG 11 SWOT Analysis: BASF SE
FIG 12 SWOT Analysis: SABIC
FIG 13 SWOT Analysis: Evonik Industries AG
FIG 14 SWOT Analysis: Solvay SA
FIG 15 Swot Analysis: Zotefoams plc
FIG 16 Swot Analysis: DuPont de Nemours, Inc.
FIG 17 Swot Analysis: Diab Group
FIG 18 SWOT Analysis: The Dow Chemical Company
FIG 19 SWOT Analysis: Huntsman Corporation
FIG 20 SWOT Analysis: Covestro AG