North America PMI Foam Market Size, Share & Trends Analysis Report By Application (Aerospace & Defense, Automotive & Transportation, Wind Energy, Sports Goods, and Others), By Country and Growth Forecast, 2023 - 2030

North America PMI Foam Market Size, Share & Trends Analysis Report By Application (Aerospace & Defense, Automotive & Transportation, Wind Energy, Sports Goods, and Others), By Country and Growth Forecast, 2023 - 2030


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).

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

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