The report "PMI Foam Market and Other High Performance Foam Core Market by Type (PMI, PES), by Application (A&D, Wind, Sporting Goods, Transportation), by A&D Sub-Application (Interior, Exterior), & by Region - Global Forecast to 2021", The global PMI foam market and other HPFC market is projected to grow from USD 43.1 Million in 2015 to USD 77.1 Million by 2021 at a CAGR of 10.2% between 2016 and 2021. The PMI foam market and other HPFC market is dominated by the aerospace & defense application. They are widely used in this application along with composites as they provide additional strength. The increase in demand for fire and smoke & toxicity retardant products encourages the use of reliable components made from HPFC in this application. HPFC also has good dielectric properties.
The use of composite materials and related core materials, including HPFC, in the aerospace & defense industry has gained momentum in the past few decades. The use of PMI foam core is increasing in components of helicopters, missiles, and space vehicles. Similarly, PES, PEI, and other HPFC materials are increasingly being used in radomes and interior aerospace & defense applications. The aerospace & defense application is estimated to witness high growth due to the increasing use of PMI foam in aircraft such as Airbus A340, Airbus A380, Gulfstream Aerospace G150, and Comac’s ARJ21 and C919. In addition, increasing delivery numbers of these aircraft is also anticipated to drive the PMI foam market and other HPFC market in the next five years.
The primary benefits of HPFC are reduced weight, emissions, and maintenance costs. High impact strength in comparison to honeycomb core product is also increasing the use of HPFC material in this application. These benefits of HPFC encourage its use in the aerospace & defense industry.
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