Due to the onset of the COVID-19 pandemic, stakeholders in the bismaleimide monomer market are increasing efforts to establish new industry structures and cost levels. The pandemic is emerging as a unique opportunity to get closer to end users and accelerate digital enabled business models to fulfill customer needs.
Manufacturers in the bismaleimide monomer market are strengthening their online supply chains to overcome logistics and transportation difficulties. This is helping to increase interaction with clients, partners and customers, which helps to avoid the commoditization trap & achieve price on value instead of price per ton. In order to keep generating revenue sources, stakeholders are focusing on mission critical projects in defense, aerospace and construction industries.
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High Cost Materials, Brittleness Affect Aeronautic Applications of Bismaleimide Composites
The extensive use of composite materials in aeronautics has led to mass production whilst decreasing the cost of raw materials. On the other hand, some high performance polymer matrices composites are still quite expensive due to raw material prices and processing conditions such as high temperature & long curing cycles. This explains why the bismaleimide monomer market is predicted to register a CAGR of 2.7% during the forecast period.
Although bismaleimide (BMI) resins are gaining prominence at an industrial scale in aeronautics, it is found that these resins are quite brittle materials. Thus, to overcome all the shortcomings, companies should invest in R&D to improve the toughness of bismaleimide resins to offer a wide range of high temperature applications in aeronautics.
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Advanced Bismaleimide Resins with High Glass Transition Temperature Improve Composites Production
The bismaleimide monomer market is projected to reach US$ 80.7 Mn by 2031. Evonik Industries AG - a Germany-based specialty chemicals company, is building its portfolio in bismaleimide resins with its Compimide® Bismaleimide resin family that involve a range of proprietary thermosetting resins and specialties developed for the production of high-performance composites.
In order to boost credibility, companies in the bismaleimide monomer market are developing resins that are certified and referenced throughout the industry. High-performance composites, adhesives, and moldings are catalyzing the demand for bismaleimide monomers. Bismaleimide matrix resins are being characterized by their high glass transition temperature, which improves high temperature performance over cyanate ester and epoxies.
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