The Latin America, Middle East and Africa PMI Foam Market would witness market growth of 6.8% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 413.80 thousand square meter, showcasing a growth of 7.2% (2023-2030).
Integrating graphene, a remarkable nanomaterial, into PMI foam matrices enhances mechanical strength, thermal conductivity, and electrical conductivity. This innovation opens avenues for applications requiring superior strength and multifunctionality, such as in aerospace and electronics. Innovations in self-healing materials are making their way into PMI foam formulations. Microcapsules containing healing agents are incorporated into the foam, allowing it to repair minor damage autonomously, extending the material's lifespan and durability in demanding applications.
Furthermore, combining PMI foam with other advanced materials, such as carbon fiber or aramid fibers, results in hybrid composites with synergistic properties. These hybrid materials balance strength, stiffness, and lightweight characteristics, expanding the application range of PMI foam in high-performance structures. Researchers are exploring ways to imbue PMI foam with multifunctional capabilities. From thermal insulation to electromagnetic shielding, the development of PMI foam with diverse functionalities opens doors to aerospace, defense, and electronics applications.
Saudi Arabia has been actively investing in developing public transport infrastructure, including metro systems, railways, and buses. It is acquiring traction in the transportation industry due to its lightweight characteristics, contributes to reducing vehicle weight, enhancing fuel efficiency, and improving performance. As per the data released in 2023 by the International Trade Administration, in line with the Kingdom’s long-term strategic Vision 2030 program, Saudi Arabia initiated the National Transport and Logistics Strategy to advance and broaden transportation connectivity via rail-to-road and sea-to-air means. The country’s freight and logistics sector is valued at $20.47 billion and is expected to reach $32.12 billion by 2026. Hence, the increasing transportation sector in the LAMEA region will assist in the expansion of the regional market.
The Brazil market dominated the LAMEA PMI Foam Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,122.6 Thousands by 2030. The Argentina market is showcasing a CAGR of 7.4% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 6.6% during (2023 - 2030).
Free Valuable Insights: The Worldwide PMI Foam Market is Projected to reach USD 89.4 Million by 2030, at a CAGR of 5.2%
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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Application (Volume, Thousand Square Meter, USD Million, 2019-2030)
By Country (Volume, Thousand Square Meter, USD Million, 2019-2030)
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