The North America PMI Foam Market would witness market growth of 5.0% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 977.73 thousand square meter, showcasing a growth of 2.3% (2019-2022).
Nanotechnology is playing a significant role in enhancing the properties of PMI foam. Incorporating nano-sized particles into the foam matrix enhances mechanical properties, thermal conductivity, and flame resistance, opening avenues for innovation in diverse applications. The addition of nano-sized particles enhances the thermal conductivity of PMI foam. This improvement is particularly advantageous in applications requiring efficient heat transfer or insulation. In industries such as aerospace and electronics, where thermal management is crucial, nanotechnology-enhanced PMI foam offers a lightweight yet effective solution for maintaining optimal temperatures.
Furthermore, integrating digital technologies and smart manufacturing practices is making its mark in the market. From real-time monitoring of production processes to predictive maintenance, digitalization enhances overall efficiency, reduces waste, and ensures quality control. Digital technologies enable real-time monitoring of every PMI foam production process stage. Sensors and IoT devices are strategically placed to capture data on temperature, pressure, chemical reactions, and other critical parameters. This real-time monitoring allows instantaneous adjustments, ensuring the production remains within specified parameters and reducing the likelihood of defects or inconsistencies.
In addition, innovation is at the heart of the market, driving advancements that unlock new possibilities and applications. Several notable innovations are reshaping the landscape of PMI foam materials. The development of bio-based PMI foam addresses the growing demand for sustainable solutions. Researchers and manufacturers are exploring renewable feedstocks and bio-derived polymers to create PMI foam with reduced environmental impact, offering a compelling alternative to traditional petroleum-based foams.
Canada boasts a strong aerospace manufacturing sector, focusing on producing components for civil and military aircraft. The country is home to key aerospace companies and manufacturers that actively seek innovative materials like PMI foam to enhance the performance and efficiency of their products. As per the data from the Government of Canada, with a total budget of $250 million over three years (until March 31, 2024), the Aerospace Regional Recovery Initiative (ARRI) was delivered by Canada’s regional development agencies (RDAs). Thus, the growing wind energy and aerospace sectors in North America will boost the demand for PMI foam in the region.
The US market dominated the North America PMI Foam Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $19,333 Thousands by 2030. The Canada market is registering a CAGR of 5.6% during (2023 - 2030). Additionally, The Mexico market would showcase a CAGR of 5.8% during (2023 - 2030).
Free Valuable Insights: The PMI Foam Market is Predict to reach $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 U.S., Mexico, Canada, and Rest of North America.
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
North America 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)
- US
- Canada
- Mexico
- Rest of North America
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America PMI Foam Market, by Application
1.4.2 North America PMI Foam Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Opportunities
3.2.3 Market Restraints
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis
Chapter 4. North America PMI Foam Market, By Application
4.1 North America Aerospace & Defense Market, By Country
4.2 North America Automotive & Transportation Market, By Country
4.3 North America Wind Energy Market, By Country
4.4 North America Sports Goods Market, By Country
4.5 North America Others Market, By Country
Chapter 5. North America PMI Foam Market, By Country
5.1 US PMI Foam Market
5.1.1 US PMI Foam Market, By Application
5.2 Canada PMI Foam Market
5.2.1 Canada PMI Foam Market, By Application
5.3 Mexico PMI Foam Market
5.3.1 Mexico PMI Foam Market, By Application
5.4 Rest of North America PMI Foam Market
5.4.1 Rest of North America PMI Foam Market, By Application
Chapter 6. Company Profiles
6.1 BASF SE
6.1.1 Company Overview
6.1.2 Financial Analysis
6.1.3 Segmental and Regional Analysis
6.1.4 Research & Development Expense
6.1.5 SWOT Analysis
6.2 SABIC (Saudi Arabian Oil Company)
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Segmental and Regional Analysis
6.2.4 SWOT Analysis
6.3 Evonik Industries AG (RAG-Stiftung)
6.3.1 Company Overview
6.3.2 Financial Analysis
6.3.3 Segmental and Regional Analysis
6.3.4 Research & Development Expenses
6.3.5 SWOT Analysis
6.4 Solvay SA
6.4.1 Company Overview
6.4.2 Financial Analysis
6.4.3 Segmental and Regional Analysis
6.4.4 Research & Development Expenses
6.4.5 SWOT Analysis
6.5 Zotefoams plc
6.5.1 Company Overview
6.5.2 Financial Analysis
6.5.3 Segmental and Regional Analysis
6.5.4 Research & Development Expenses
6.5.5 SWOT Analysis
6.6 DuPont de Nemours, Inc.
6.6.1 Company Overview
6.6.2 Financial Analysis
6.6.3 Segmental and Regional Analysis
6.6.4 Research & Development Expense
6.6.5 SWOT Analysis
6.7 Diab Group
6.7.1 Company Overview
6.7.2 SWOT Analysis
6.8 The Dow Chemical Company
6.8.1 Company Overview
6.8.2 Financial Analysis
6.8.3 Segmental and Regional Analysis
6.8.4 Research & Development Expenses
6.8.5 SWOT Analysis
6.9 Huntsman Corporation
6.9.1 Company Overview
6.9.2 Financial Analysis
6.9.3 Segment and Regional Analysis
6.9.4 Research & Development Expense
6.9.5 SWOT Analysis
6.10. Covestro AG
6.10.1 Company Overview
6.10.2 Financial Analysis
6.10.3 Segmental and Regional Analysis
6.10.4 Research & Development Expenses
6.10.5 SWOT Analysis
TABLE 1 North America PMI Foam Market, 2019 - 2022, USD Thousands
TABLE 2 North America PMI Foam Market, 2023 - 2030, USD Thousands
TABLE 3 North America PMI Foam Market, 2019 - 2022, Thousand Square Meter
TABLE 4 North America PMI Foam Market, 2023 - 2030, Thousand Square Meter
TABLE 5 North America PMI Foam Market, By Application, 2019 - 2022, USD Thousands
TABLE 6 North America PMI Foam Market, By Application, 2023 - 2030, USD Thousands
TABLE 7 North America PMI Foam Market, By Application, 2019 - 2022, Thousand Square Meter
TABLE 8 North America PMI Foam Market, By Application, 2023 - 2030, Thousand Square Meter
TABLE 9 North America Aerospace & Defense Market, By Country, 2019 - 2022, USD Thousands
TABLE 10 North America Aerospace & Defense Market, By Country, 2023 - 2030, USD Thousands
TABLE 11 North America Aerospace & Defense Market, By Country, 2019 - 2022, Thousand Square Meter
TABLE 12 North America Aerospace & Defense Market, By Country, 2023 - 2030, Thousand Square Meter
TABLE 13 North America Automotive & Transportation Market, By Country, 2019 - 2022, USD Thousands
TABLE 14 North America Automotive & Transportation Market, By Country, 2023 - 2030, USD Thousands
TABLE 15 North America Automotive & Transportation Market, By Country, 2019 - 2022, Thousand Square Meter
TABLE 16 North America Automotive & Transportation Market, By Country, 2023 - 2030, Thousand Square Meter
TABLE 17 North America Wind Energy Market, By Country, 2019 - 2022, USD Thousands
TABLE 18 North America Wind Energy Market, By Country, 2023 - 2030, USD Thousands
TABLE 19 North America Wind Energy Market, By Country, 2019 - 2022, Thousand Square Meter
TABLE 20 North America Wind Energy Market, By Country, 2023 - 2030, Thousand Square Meter
TABLE 21 North America Sports Goods Market, By Country, 2019 - 2022, USD Thousands
TABLE 22 North America Sports Goods Market, By Country, 2023 - 2030, USD Thousands
TABLE 23 North America Sports Goods Market, By Country, 2019 - 2022, Thousand Square Meter
TABLE 24 North America Sports Goods Market, By Country, 2023 - 2030, Thousand Square Meter
TABLE 25 North America Others Market, By Country, 2019 - 2022, USD Thousands
TABLE 26 North America Others Market, By Country, 2023 - 2030, USD Thousands
TABLE 27 North America Others Market, By Country, 2019 - 2022, Thousand Square Meter
TABLE 28 North America Others Market, By Country, 2023 - 2030, Thousand Square Meter
TABLE 29 North America PMI Foam Market, By Country, 2019 - 2022, USD Thousands
TABLE 30 North America PMI Foam Market, By Country, 2023 - 2030, USD Thousands
TABLE 31 North America PMI Foam Market, By Country, 2019 - 2022, Thousand Square Meter
TABLE 32 North America PMI Foam Market, By Country, 2023 - 2030, Thousand Square Meter
TABLE 33 US PMI Foam Market, 2019 - 2022, USD Thousands
TABLE 34 US PMI Foam Market, 2023 - 2030, USD Thousands
TABLE 35 US PMI Foam Market, 2019 - 2022, Thousand Square Meter
TABLE 36 US PMI Foam Market, 2023 - 2030, Thousand Square Meter
TABLE 37 US PMI Foam Market, By Application, 2019 - 2022, USD Thousands
TABLE 38 US PMI Foam Market, By Application, 2023 - 2030, USD Thousands
TABLE 39 US PMI Foam Market, By Application, 2019 - 2022, Thousand Square Meter
TABLE 40 US PMI Foam Market, By Application, 2023 - 2030, Thousand Square Meter
TABLE 41 Canada PMI Foam Market, 2019 - 2022, USD Thousands
TABLE 42 Canada PMI Foam Market, 2023 - 2030, USD Thousands
TABLE 43 Canada PMI Foam Market, 2019 - 2022, Thousand Square Meter
TABLE 44 Canada PMI Foam Market, 2023 - 2030, Thousand Square Meter
TABLE 45 Canada PMI Foam Market, By Application, 2019 - 2022, USD Thousands
TABLE 46 Canada PMI Foam Market, By Application, 2023 - 2030, USD Thousands
TABLE 47 Canada PMI Foam Market, By Application, 2019 - 2022, Thousand Square Meter
TABLE 48 Canada PMI Foam Market, By Application, 2023 - 2030, Thousand Square Meter
TABLE 49 Mexico PMI Foam Market, 2019 - 2022, USD Thousands
TABLE 50 Mexico PMI Foam Market, 2023 - 2030, USD Thousands
TABLE 51 Mexico PMI Foam Market, 2019 - 2022, Thousand Square Meter
TABLE 52 Mexico PMI Foam Market, 2023 - 2030, Thousand Square Meter
TABLE 53 Mexico PMI Foam Market, By Application, 2019 - 2022, USD Thousands
TABLE 54 Mexico PMI Foam Market, By Application, 2023 - 2030, USD Thousands
TABLE 55 Mexico PMI Foam Market, By Application, 2019 - 2022, Thousand Square Meter
TABLE 56 Mexico PMI Foam Market, By Application, 2023 - 2030, Thousand Square Meter
TABLE 57 Rest of North America PMI Foam Market, 2019 - 2022, USD Thousands
TABLE 58 Rest of North America PMI Foam Market, 2023 - 2030, USD Thousands
TABLE 59 Rest of North America PMI Foam Market, 2019 - 2022, Thousand Square Meter
TABLE 60 Rest of North America PMI Foam Market, 2023 - 2030, Thousand Square Meter
TABLE 61 Rest of North America PMI Foam Market, By Application, 2019 - 2022, USD Thousands
TABLE 62 Rest of North America PMI Foam Market, By Application, 2023 - 2030, USD Thousands
TABLE 63 Rest of North America PMI Foam Market, By Application, 2019 - 2022, Thousand Square Meter
TABLE 64 Rest of North America PMI Foam Market, By Application, 2023 - 2030, Thousand Square Meter
TABLE 65 Key Information – BASF SE
TABLE 66 Key Information – SABIC
TABLE 67 Key Information – Evonik Industries AG
TABLE 68 Key Information – Solvay SA
TABLE 69 Key Information – Zotefoams plc
TABLE 70 Key Information –DuPont de Nemours, Inc.
TABLE 71 Key Information – Diab Group
TABLE 72 Key Information – The Dow Chemical Company
TABLE 73 key Information – Huntsman Corporation
TABLE 74 key information – Covestro AG
List of Figures
FIG 1 Methodology for the research
FIG 2 North America 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 North America PMI Foam Market share, By Application, 2022
FIG 6 North America PMI Foam Market share, By Application, 2030
FIG 7 North America PMI Foam Market, By Application, 2019 - 2030, USD Thousands
FIG 8 North America PMI Foam Market share, By Country, 2022
FIG 9 North America PMI Foam Market share, By Country, 2030
FIG 10 North America 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