Bismaleimide Monomer Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021-2031

Bismaleimide Monomer: Introduction

• Bismaleimides are compounds that possess two maleimide groups connected by nitrogen atoms. Bismaleimide monomer exists in the form of yellow tan powder. Bismaleimide-based polymers are primarily used for high temperature applications with temperature up to 250°C. These compounds are used as crosslinking reagents in polymer chemistry. Bismaleimide monomers are often blended with reactive co-monomers such as vinyl & allyl compounds, allyl phenols, isocyanates, and aromatic amines, as these provide high toughness and flexibility. Bismaleimide monomers possess characteristics such as thermal, mechanical, and dielectric properties, chemical resistance, toughness, and moisture resistance. 

Key Drivers and Restraints of Global Bismaleimide Monomer Market

• Bismaleimide monomers are widely used in motor insulation materials, laminates, unidirectional weftless tapes, high temperature resistant dip varnishes, mica tapes, electronic copper clad laminates, molded plastics, powder coating, advanced composite matrix resins, casting parts, aerospace structural materials, heat resistant structural components of carbon fibers, high-end printed circuit boards, engineering plastics (polypropylene, nylon, polyamide, acrylonitrile butadiene styrene, polyvinyl chloride, and polybutylene terephthalate), and other functional materials
• Rapid growth of the electronics industry is boosting the demand for bismaleimide monomers, as these monomers are extensively used in the electrical & electronics industry
• The electrical & electronics industry in Asia Pacific, particularly in China and Japan, is expected to expand at a rapid pace in the near future, owing to the presence of a large manufacturers in the region. This is anticipated to drive the market for bismaleimide monomers in Asia Pacific.

Bismaleimide Monomer: Type Segment

• Based on type, the global bismaleimide monomer market can be segmented into 4,4'-bismaleimidodiphenylmethane,1,6-Bis(maleimido)hexane,Bis(3-ethyl-5-methyl-4-maleimidophenyl)methane,1,4-Bis(maleimido)butane,2,2-Bis[4-(4-maleimidophenoxy)phenyl]propane,Bis(2-maleimidoethyl)disulfide,1,2-Bis(maleimido)ethane,N,N'-1,4-Phenylenedimaleimide,N,N'-1,3-Phenylenedimaleimide,and others
• The 4,4'-bismaleimidodiphenylmethane segment accounts for major share of the market. It is one of the major building monomers used in the production of bismaleimide resins. Demand for 4,4'-bismaleimidodiphenylmethane for usage in bismaleimide resins is expected to increase in the next few years owing to their polymerizing and curing properties.

Bismaleimide Monomer: Application Segment

• In terms of application, the bismaleimide monomer market can be segregated into resin, composites, adhesives, and others. The resin segment constituted major share of the global bismaleimide monomer market in 2020. 
• Bismaleimide monomers are widely used in high-performance composite matrices for multi-layer printed circuit boards in large-scale computers, advanced composites for optoelectronics, aerospace industry, structural adhesives, and fabrication of high-performance electro-optical devices. Rise in demand for bismaleimide monomer-based composites in automotive and aerospace industries is anticipated to drive the bismaleimide monomer market in the near future.

Bismaleimide Monomer: End-use Segment

• Based on end-use, the bismaleimide monomer market can be divided into aviation & aerospace, automotive, electrical & electronics, and others. The aviation & aerospace segment held significant share of the global bismaleimide monomer market in 2020. Bismaleimide monomer is used to produce resins and composites, which are employed in automotive, shipbuilding, aerospace, construction, and electronics industries. Bismaleimide monomer provides superior mechanical properties such as acid and heat resistance.

COVID-19 Impact on Bismaleimide Monomer Market

• On January 30, 2020, the International Health Regulations Emergency Committee of the World Health Organization (WHO) declared the Coronavirus disease (COVID-19) outbreak a public health emergency of international concern. Originating in China, the virus has spread to at least 213 countries and territories around the world.
• Several governments and private sector businesses are operating at a limited capacity or have ceased operations completely due to recent events surrounding the COVID-19 pandemic
• Manufacturing of various chemical products across the globe came to a halt due to the unavailability of raw materials, shortage of labor, etc. This is expected to hamper the bismaleimide monomer market.

Asia Pacific to Dominate Bismaleimide Monomer Market

• In terms of region, the global bismaleimide monomer market can be split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
• Asia Pacific accounted for major share of the global bismaleimide monomer market in 2020 due to presence of large manufacturers of composites and resins in the region. The market in Asia Pacific is anticipated to expand at a rapid pace during the forecast period owing to the rise in industrialization in countries such as China, Japan, and India. Rise in utilization of composites in automotive and aerospace industries due to their lightweight characteristics is projected to increase the production of bismaleimide monomer-based composites in Asia Pacific during the forecast period.  
• Expansion of production capacities by resin manufacturers in China is likely to boost the demand for bismaleimide monomers in the country in the next few years. North America and Europe also held key share of the global market in 2020 owing to the increase in demand for bismaleimide monomers in the electrical & electronics industry in these regions.

Key Manufacturers Operating in Global Bismaleimide Monomer Market 

The global bismaleimide monomer market was consolidated in 2020. Major players have prominent presence in developed and developing countries. Key manufacturers operating in the global bismaleimide monomer market include:

• ABR Organics Limited
• Cytec Industries Inc.
• Evonik Industries AG
• Honghu Shuangma Advanced Materials Tech Co., Ltd.
• Huntsman Corporation
• K-I Chemical Industry Co. Ltd.
• Monomer Polymer & Dajac Labs, LLC.
• MPI Chemie B.V.
• TCI EUROPE N.V.
• Wiling New Materials Technology Co., Ltd.

Global Bismaleimide Monomer Market: Research Scope

Global Bismaleimide Monomer Market, by Type

• 4,4'-bismaleimidodiphenylmethane
• 1,6-Bis(maleimido)hexane
• Bis(3-ethyl-5-methyl-4-maleimidophenyl)methane
• 1,4-Bis(maleimido)butane
• 2,2-Bis[4-(4-maleimidophenoxy)phenyl]propane
• Bis(2-maleimidoethyl) Disulfide
• 1,2-Bis(maleimido)ethane
• N,N'-1,4-Phenylenedimaleimide
• N,N'-1,3-Phenylenedimaleimide
• Others

Global Bismaleimide Monomer Market, by Application

• Resin
• Composites
• Adhesives
• Others

Global Bismaleimide Monomer Market, by End-use

• Aviation & Aerospace
• Automotive
• Electrical & Electronics
• Others

Global Bismaleimide Monomer Market, by Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia & CIS
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • ASEAN
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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