Polyimide Fibers Market - Global Industry Analysis

Polyimide Fibers Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2026

Category: Chemical & Materials Report Format : PDF Pages: 177 Report Code: ZMR-6737 Status : Upcoming

Description

Global Polyimide Fibers Market: Overview

Polyimide fibers (PI) are a type of strong synthetic fibers possessing excellent heat-resistant properties. The manufacturing of polyimide fibers is usually done by a two-step process which is aromatic tetracarboxylic dianhydrides and aromatic diamines. These fibers are usually the best choice for several demanding applications where extreme high temperature, corrosion, creep and wear resistance is required. These high performance polyimide fibers can maintain their properties during continuous use to extremely high temperatures i.e. up to 500°F.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Global Polyimide Fibers Market: Growth Factors

The global polyimide fibers market is expected to grow at a healthy rate over the forecast period. Some of the key factors such as the increasing drift of sustainability among the major manufacturers and shift in consumer choices for environment-friendly products are significantly driving the growth of the global polyimide fibers market. On top of this, the outstanding heat resistance property of polyimide fibers is widely used in the manufacturing of protective clothing and multilayer insulations of space shuttles. As per the recent report published by space programs, the number of space launches is anticipated to rise in the future period. Also, with the frequent occurrence of natural and man-made disasters, demand for protective clothing has increased, which in turn will boost the demand for lightweight and health resistant materials like polyimide fibers during the forecast period. Apart from this, polyimide fibers are largely used in the manufacturing of dust filters due to their high tensile strengths. On the other side, a complex manufacturing process and the limited presence of vendors may hamper the growth of the market. Nonetheless, increasing usability of polyimide fibers in filter bags which can be used for the separation of flue gasses in several municipal incineration facilities for solid waste will provide a better growth opportunity to the growth of the global polyimide fibers market during the future period.

Despite the impact of the COVID-19 pandemic, the global polyimide fibers market is growing at a steady rate. The vast application areas of polyimide fibers are the key factors for the constant demand all over the world. However, disruption of supply chain and distributors network slowed the market growth to some extent. Besides, halt in the manufacturing process and limitations with production capacities caused the overall revenue to drop during the COVID-19 pandemic period. Yet, the high demand for polyimide fibers in various end use sectors is expected to set the healthy market growth over the forecast period.

Global Polyimide Fibers Market: Segmentation

The global polyimide fibers market is fragmented based on the production process, application, end-user, and region. Based on the production process, the global market is split into dry spinning process and the wet spinning process. Polyimide fibers have several applications in the global market. This includes insulation material, protective clothing, and filter media. Mining, chemical & processing, power & utilities, construction, and others are the end-users of the global polyimide fibers market.

Global Polyimide Fibers Market: Regional Analysis

The Asia Pacific is expected to hold a maximum share in the global polyimide fibers market over the forecast period. Factors contributing to the growth of the global market in this region are an increase in government expenditures to enhance the growth of the electronics industry, favorable government policies, and the growing need for polyimide fibers for protective clothing. China is estimated to offer lucrative opportunities for market growth and contribute a significant share in the market. North America is anticipated to grow significantly and the US is estimated to be the largest shareholder in this region. This is majorly attributed to the growing demand for polyamide fibers in various end use industries, especially from space organizations such as NASA owing to its less weight and ability to withstand a wide range of temperatures. On the other hand, Europe is predicted to grow at a healthy rate during the forecast period. Increase in demand for polyimide fibers from power & utility sector owing to growing necessity of converting waste to energy are factors expected to drive the regional market growth.

Global Polyimide Fibers Market: Competitive Players

Key market players functioning in the global polyimide fibers market are majorly focusing to introduce advanced products by investing more in R&D. In addition to this, key business strategies like acquisitions and partnerships are adopted by the major players to expand the business reach. Some of the dominating players operating in the global polyimide fibers market are Evonik Industries AG, Baoding Sanyuan Textile Technology Co. Ltd., Shandong Xingye Environmental Technology Corp., Ningbo Yide fine Chemical Co., Ltd., Jiangsu Shino New Materials Technology Co., Ltd., Xiamen Meidasi Environmental Protection Industry Co. Ltd., Jiangsu Jinqiao Salt International Trade Co. Ltd., Changchun Hipolyking Co., Ltd., Jiangsu Aoshen Hi Material Co., and Shanghai Easun Group Imp & Exp Co., Ltd.

Global Polyimide Fibers Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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FrequentlyAsked Questions

The global polyimide fibers market is expected to grow at a healthy rate over the forecast period. Some of the key factors such as the increasing drift of sustainability among the major manufacturers and shift in consumer choices for environment-friendly products are significantly driving the growth of the global polyimide fibers market.

Some of the dominating players operating in the global polyimide fibers market are Evonik Industries AG, Baoding Sanyuan Textile Technology Co. Ltd., Shandong Xingye Environmental Technology Corp., Ningbo Yide fine Chemical Co., Ltd., Jiangsu Shino New Materials Technology Co., Ltd., Xiamen Meidasi Environmental Protection Industry Co. Ltd., Jiangsu Jinqiao Salt International Trade Co. Ltd., Changchun Hipolyking Co., Ltd., Jiangsu Aoshen Hi Material Co., and Shanghai Easun Group Imp & Exp Co., Ltd.

The Asia Pacific is expected to hold a maximum share in the global polyimide fibers market over the forecast period. Factors contributing to the growth of the global market in this region are an increase in government expenditures to enhance the growth of the electronics industry, favorable government policies, and the growing need for polyimide fibers for protective clothing.

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