Global Bismaleimide Resin Market Size Was 145.16 Million USD In 2017
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The market of Bismaleimide resin is concentrated. Of the 2017 global market, the top 9 companies, all multinational, account for about 88.71% of sales. Evonik is by far the leader, with nearly 21.27% of the market. As major suppliers are seeking acquisition to expand global presence, the market concentration is estimated to increase in the coming 5 years.
Bismaleimide resin can be categorized as bismaleimide resin powder, bismaleimide resin solution. Powder is the major type of BMI with market share of 76.36% in 2017. In terms of application, the downstream market can be classified as aviation, automotive, military, etc, while direct prepregs form of BMI resin, which are mostly formed with glass fiber or carbon fiber. Other applications include high temperature adhesive and molding components.
The Global bismaleimide resin market size was 145.16 million USD in 2017 and it will be 150.60 million USD in 2023, with a Growth Rate of 0.53% from 2017 to 2023. In terms of volume, the Global bismaleimide resin market size was 1269.4 MT in 2017 and it will be 1391.0 MT in 2023, with a Growth Rate of 1.32% from 2017 to 2023.