Polyimide Fibers Market Is Expected To Reach USD 422.40 Million By 2027 At A CAGR Of 4.91 Percent.
Stellar Market Research has published a report on the Polyimide Fibers Market that provides a detailed analysis for the forecast period of 2021 to 2027.
Polyimide Fibers Market Scope:
The report comprises thorough insights into the market for industry stakeholders which includes an interpretation of complex market data in simple language, the industry’s historical and current state, along with estimated market size and trends. The report explores all segments of the industry, with a focus on significant players e.g. market leaders, followers, and new entrants. The report covers a detailed PESTLE analysis for different countries. A clear representation of the competitive landscape of key players by products and services, revenue, financial position, portfolio, growth strategies, and regional presence in the Polyimide Fibers market make the report an investor’s guide.
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Polyimide Fibers Market Overview:
Polyimide fibers (PI) are heat-resistant, strong synthetic fibers available in a spectrum of hues from orange to yellow. Polyimide fibers are created in two steps using fragrant diamines and aromatic tetracarboxylic dianhydrides. Polyimide fibers are often the best choice for especially demanding applications that require corrosion, severe temperature, wear, and creep resistance. The usage of polyimide fibers continuously at extremely high temperatures up to 250°C, as well as short-term exposure to 550°C, leads to good operating capabilities.
Polyimide Fibers Market Dynamics:
Rising PI fiber consumption in protective garments is a major driver of market growth. Global demand for the protective gear is estimated to grow at a CAGR of roughly 3.67 percent over the forecast period. Polyimide fibers are increasingly being utilized in the production of protective gear due to their exceptional fire resistance. Polyimide fibers are frequently utilized in the production of protective clothing, such as the external layer of army uniforms, occupational safety gear, and paramedic jackets. The polyamide fibers market is estimated to grow in tandem with the protective apparel industry during the forecast period.
Polyimide fiber sales have been steadily increasing as the number of scientific research activities and mission launches throughout the world have increased. The unusually high number of space launches involves the production of hundreds of tonnes of rocket and space shuttle materials and components. As per ISRO, NASA, and other space exploration organizations, the frequency of space launches is likely to grow considerably throughout the forecast period, creating a considerable need for compact, high-performance materials that can resist extremely high temperatures.
Filter bags used in municipal solid waste incinerators to separate biogas are generally comprised of polyimide fibers. Polyimide fibers are becoming more popular in a variety of industries due to their improved heat resistance and chemical resistance. One of them is protective apparel, which is growing more popular. Similarly, different R&D initiatives in the field of polyamide fibers are anticipated to uncover opportunities in the polyimide fibers market throughout the forecast period.
Polyimide Fibers Market Regional Analysis:
North America dominated the polyimide fibers market in 2020, accounting for roughly 35 percent of global revenue, owing to the existence of multiple space organizations such as NASA, as well as their extensive plans to launch various space shuttles, which is expected to drive up demand for polyimide fibers. Because of the country’s increasing industrialization, China is expected to create demand in the global market for protective garments throughout the projected period. China’s regional market is expected to grow at a CAGR of 5.1% during the forecast period.
Polyimide Fibers Market Segmentation:
By Application:
- Flexible Cables
- Filter Media
- Insulation
- Protective Coatings
By End-Use:
- Electronics Industry
- Chemical Industry
- Aerospace Industry
- Automotive Industry
Textile Industry Polyimide Fibers Market Key Competitors:
- Jiangsu Shino New Materials Technology Co., Ltd.
- Jiangsu Aoshen Hi Material Co.
- Changchun Hipolyking Co., Ltd.
- Ningbo Yide Fine Chemical Co., Ltd.
- Swicofil
- Shandong Xingye Environmental Technology Corp.
- Jiangsu Jinqiao Salt International Trade Co. Ltd.
- Baoding Sanyuan Textile Technology Co. Ltd.
- Shanghai Easun Group Imp & Exp Co., Ltd.
- Evonik Industries AG
- Bieglo GmbH
- Bannor Industrial Co. Ltd.
- Others
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About Stellar Market Research:
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