Bismeleimide Resins Market: Overview
Bismaleimidesis a new class of polyamides that has gained acceptance from a wide range ofindustrial applications. Bismaleimides possess high-temperature propertiesunlike epoxy systems. Among categories of polyamides, bismaleimide dominatesthe polymer catagory, due to their thermal and oxidative stability, flameretardance, low propensity toward absorption of moisture, ease of synthesis,and cost effectiveness. Bismaleimides are highly reactive. Cross-linkedbismaleimide resins are insoluble in all solvents. They are infusible, rigid,and brittle. The moisture absorption capacity of bismaleimdes is the same asthat of epoxy resins, but saturation occurs more rapidly than epoxy resins.
Bismeleimide Resins Market: Drivers & Restraints
The bismaleimideresins market is driven by increase in the demand for compositematerials, with excellent properties such as stiffness and hardness, in theaerospace industry. Increasing technological advancements in additivemanufacturing and powder metals employed in the aircraft production is a keytrend in the bismaleimide resins market. Furthermore, material buyers usuallyopt for reliable suppliers, which makes the entry barrier high for newentrants.
Bismeleimide Resins Market: Segmentation
Based ontype, the global bismeleimide resins market can be segmented into bismeleimideresins powder and bismeleimide resins solution. Bismeleimide resins are notused in the pure solid form. They are often blended with the comonomer in theform of powder or solution. They are blended with vinyl and allyl compounds,allyl phenols, isocyanates, or aromatic amines. These blends are usually easierto process and they have higher toughness and flexibility. They often havepaste-like consistency and they can be molded into desired shapes. However,viscosity of these blends is high and hence, diluents are added to improvetheir process-ability.
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Based onapplication, the bismaleimide resins market can be classified into electronics,aerospace, aviation, military, defense, and engineering. Recent innovations inthe field of science & technology have generated demand forhigh-performance-based materials in the above-mentioned applications.Cost-effective innovations are being performed in bismeleimide resins for replacementof metals, alloys, and ceramics in a wide range of applications. Primarily,bismeleimide resins were invented for the aerospace industry, wherein thedemand for stiff, strong, and lightweight structures is high. Extensive use ofbismaleimide resins in composites has been identified as a reliable means ofreducing weight. Its use also increases the fuel efficiency in the aerospacesector.
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Bismeleimide Resins Market: Regional Outlook
In termsof geography, the global bismaleimide resins market can be divided into NorthAmerica, Latin America, Europe, Asia Pacific, and Middle East & Africa.North America dominates the global bismaleimide resins market, due to strongpresence of aircraft manufacturers in this region. Furthermore, the region hasa large number of component manufacturers, which supply parts to aerospace anddefense industries. The bismaleimide resins market in Europe experiencesmoderate growth despite the economic slowdown and uncertainty in countries suchas the U.K. and Italy. Asia Pacific is projected to be the rapidly expandingbismaleimide resins market during the forecast period. Japan is an aircraftmanufacturing hub in the region, owning to easy availability of raw materialsand skilled labor in the region.
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Bismeleimide Resins Market: Key Players
Keyplayers operating in the global bismaleimide resins market are PARADIGMBioDevices, ABR Organics Limited, Inc., Altair Engineering, Inc., Evonik,Hexcel, Huntsman, Cytec, and Solvay.
