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Bismaleimide Monomer Market Analysis by Type (4,4' Bismaleimidodiphenyl methane, M-Phenylene Bismaleimide, Phenylmethane Maleimide, 4-methyl-1,3-phenylene Bismaleimide, BANI-M, and Others); by Application (Resins, Adhesives, Composites, and Others); and by End User (Aerospace, Defense, Electronics, and Others) – Global Supply & Demand Analysis & Opportunity Outlook 2023-2033

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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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  • Huntsman Corporation and KPX Chemical launched a joint venture named KPX HUNTSMAN POLYURETHANES AUTOMOTIVE CO., LTD. (KHPUA) to provide Korean automobile manufacturers with innovative polyurethane systems.
  • Hexcel Corporation has joined the U.K.-based project ASCEND (Aerospace and Automotive Supply Chain Enabled Development) which aims to develop high-speed manufacturing and processing technologies for the development of new, lightweight advanced composite materials.

Global Bismaleimide Monomer Market Size, Forecast, and Trend Highlights Over 2023 - 2033

Base Year


Forecast Year




Base Year Market Size (2022)

USD 64.9 Million

Forecast Year Market Size (2033)

USD 84.7 Million

The global bismaleimide monomer market is estimated to garner a revenue of USD 84.7 Million by the end of 2033 by growing at a CAGR of ~3% over the forecast period, i.e., 2023 – 2033. Further, the market generated a revenue of USD 64.9 Million in the year 2022. The growth of the market is primarily attributed to its certain properties, such as extraordinary spatial stability and high-temperature efficiency, which are driving its demand, particularly in the booming aerospace, automotive, and electrical & electronic industries. For instance, since mid-2020, the global electronics industry demonstrated positive growth. As part of this evolution, electronics exports in a number of major APAC electronics manufacturing hubs continued to grow strongly till the mid of 2022. South Korean ICT exports increased by 19% year on year to USD 124 billion in the first 6 months of 2022, making up 36% of total South Korean exports, whereas India's total electronics exports have boosted by 44% year over year to USD 12 billion since the previous financial year 2021–22.


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Bismaleimides are addition-type polyimides that are employed in high-performance structural composites that need high temperature and toughness. Monomers are generally created by combining maleic anhydride and an aromatic diamine, and the resulting bismaleamic acid is cyclo-dehydrated to form a bismaleimide resin. The maleimide double bond is highly reactive and can undertake chain reaction. Bismaleimides have a higher service temperature than epoxies. The structural properties of bismaleimides as an ultimate manufacturer of resin matrix in H or F grade electrical insulating materials have been becoming more popular in the growing aviation, computer, and construction industries. As per the World Bank, worldwide industrial growth (including the construction industry) reached up to 28.3% in 2021.

Global Bismaleimide Monomer Market: Growth Drivers and Challenges

Growth Drivers

  • Growth in Aerospace and Defense Industry – Post pandemic, the conditions of air travelling have been improving in a notable way. The global availability of COVID vaccines is paving the way for the liberalization of air travel. On the other hand, to stimulate growth, defense companies are trying to concentrate their efforts on enhancing their fighter jet, space resilience, shipbuilding, and cybersecurity capabilities. Such growth in aerospace and defense industry is increasing the demand of bismaleimide monomer. For instance, revenue for the aerospace and defense sector was reported around UDS 715 billion in 2021, an increase of 6% from 2020.
  • Striving Boost in Automotive Industry - By the end of 2030, the automotive industry is predicted to have a potential revenue of nearly USD 1.8 trillion, growing by 31% in the same year.
  • Upsurge in Computer Manufacturing – Bismaleimide monomers are extensively used in various composite formulations for multi-layer printed circuit boards in high-performance computers. Therefore, the increased growth in production of large scale computers is another significant factor who is fueling up the demand of bismaleimide monomers. As of 2021, approximately 344 million PCs were shipped worldwide.
  • Huge Development in Chemical Industry - In 2021, the chemical industry's estimated worldwide revenue reached to its highest level in the previous 16 years, bringing the total approximately USD 5 trillion.
  • Rise in Research and Development Expenditure – As per the World Bank, global research and development spending increased to 2.63% of total GDP in 2020.


  • Stringent Governmental Guidelines
  • Restrictions Such as High Melting Points
  • Low Electrical Conductivity

The global bismaleimide monomer market is segmented and analyzed for demand and supply by type into 4,4' bismaleimidodiphenyl methane, M-phenylene bismaleimide, phenylmethane maleimide, 4-methyl-1,3-phenylene bismaleimide, BANI-M, and others, out of which 4,4' bismaleimidodiphenylmethane segment is estimated to significantly grow over the forecast period on the back of its significant use in production of insulated wires. The export of insulated wires has rapidly been growing which is estimated to lead the growth of this segment. For instance, China's exports of insulated wire or cable increased to USD 2,451,212 in July 2022, up from USD 2,375,592 in June 2022.

Additionally, the market is segmented by end-user into aerospace, defense, electronics, and others. Out of which, the aerospace segment is anticipated to hold the largest market share of 50%, defense with 25%, electronics with 20%, and others with 10%. The increasing investment of governments and companies in aerospace in the import of high-quality composites is estimated to boost the market in the coming years. The import value of the government of Spain fueled from 3,811 in 2016 to 4,478 in 2019.

Major Macro-Economic Indicators Impacting the Market Growth


The chemical industry is a major component of the economy. According to the U.S. Bureau of Economic Analysis, in 2020, for the U.S., the value added by chemical products as a percentage of GDP was around 1.9%. Additionally, according to the World Bank, Chemical industry in the U.S. accounted for 16.43% to manufacturing value-added in 2018. With the growing demand from end-users, the market for chemical products is expected to grow in future. According to UNEP (United Nations Environment Program), the sales of chemicals are projected to almost double from 2017 to 2030. In the current scenario, Asia Pacific is the largest chemical producing and consuming region. China has the world’s largest chemical industry, that accounted for annual sales of approximately more than USD 1.5 trillion, or about more than one-third of global sales, in recent years. Additionally, a vast consumer base and favorable government policies have boosted investment in China’s chemical industry. Easy availability of low-cost raw material & labor as well as government subsidies and relaxed environmental norms have served as a production base for key vendors globally. On the other hand, according to the FICCI (Federation of Indian Chambers of Commerce & Industry), the chemical industry in India was valued at 163 billion in 2019 and it contributed 3.4% to the global chemical industry. It ranks 6th in global chemical production. This statistic shows the lucrative opportunity for the investment in businesses in Asia Pacific countries in the upcoming years.

Global Bismaleimide Monomer Market Regional Synopsis

Regionally, the global bismaleimide monomer market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in Asia Pacific is projected to hold the significant market share by the end of 2033 backed by the massive growth in automobile industry, and rapid industrialization in countries such as Japan, China, and India. For instance, China's automotive sector produced around 22 million passenger cars in 2021, whereas Japan secured second place for the same by manufacturing nearly 7 million passenger cars in the same year.

Further, the North America region is held the largest market share of 40% in the year 2022. The increase in production capacity and adoption of various organic and inorganic growth strategies are estimated to expand the business and product portfolio. This factor is anticipated to drive bismaleimide monomer market growth in the region during the forecast period.


The global bismaleimide monomer market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark) Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global bismaleimide monomer market includes the following segments:

By Type

  • 4,4’- Bismaleimidodiphenylmethane
  • M-Phyenylene Bismaleimide
  • Phenylmethane Maleimide
  • 4-methyl-1-3-phenylene Bismaleimide
  • BANI-M
  • Others

By Application

  • Resins
  • Adhesives
  • Composites
  • Others

By End-User

  • Aerospace
  • Defense
  • Electronics
  • Others

Top Featured Companies Dominating the Global Bismaleimide Monomer Market

  • Evonik Industries AG
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Solvay SA
  • Hexcel Corporation
  • Huntsman International LLC
  • Teijin Limited
  • MPI Chemie B.V.
  • TCI Europe N.V.
  • Willing New Materials Technology Co., Ltd.
  • Honghu Shuangma Advanced Materials Tech Co., Ltd.
  • ABR Organics Limited



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