According to latest study by Future Market Insights (FMI), the demand for polyimide fibers will increase at 4.9% CAGR between 2021 and 2031.
Increasing use of polyimide fibers in filter media, protective clothing, and insulation materials will drive sales in the market. Owing to its excellent heat resistance and flame retardant capacity, polyimide fibers application is expected to increase across diverse industries.
Newly released data for polyimide fibers market analysis shows that global demand of overall protective clothing application is expected to rise at 3.6% in 2021 to total 2,410 Tons. The sales of polyimide fibers in the construction sector is expected to grow by 4.1% to reach 2,059 Tons.
Polyimide fibers are eAccording to latest research by Future Market Insights, market is set to witness steady growth during forecast period.xtensively used in manufacturing of protective clothing such as outer shell of suits in the army, jackets of fire fighters, and industrial protective gears. Considering this, FMI has identified application in protective clothing to account for maximum sales in the market through the forecast period.
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Demand in protective clothing segment will therefore increase at a rapid pace. Protective clothing has gained 420 basis points from 2016 to 2021.
Development in number of space research activities and space launches across the globe has been consistently augmenting the sales of polyimide fibers. Increase in number of space launches requires tons of materials and components for manufacturing of rockets and space shuttles.
As per various space research organizations such as NASA, ISRO, and others, the number of space launches is expected to increase substantially during the forecast period which in turn is expected to create a huge demand for lightweight, high performance materials that can withstand extremely high temperatures.
However, limited availability of the product and complexity in manufacturing process owing to concentration of technology know how with few players is restraining the growth opportunities.
Key Takeaways from Polyimide Fibers Market Study
- Global polyimide fibers market is expected to reach a valuation of US$ 486.6 Mn by the end of the forecast period, 2031.
- Protective clothing will remain the dominant segment in terms of applications in the polyimide fiber market.
- The U.S. will account for maximum polyimide fiber sales in North America.
- The extraordinary growth in chemical industry of Asia Pacific is augmenting the sales of polyimide in the region.
- China will emerge as one of the leading exporters of polyimide fibers. The China market is forecast to exhibit growth at 6.7% CAGR through the forecast period
“Various governmental regulations imposed over emission control from vehicles, factories, and other sources are expected to increase the demand for materials used for filtration products such as polyimide fibers over the forecast period,” said an analyst at FMI.
Polyimide Fibers Market: Participant Insights
According to the Market Research analysis, Evonik Industries AG, Jiangsu Shino New Materials Technology Co., Ltd, Jiangsu Aoshen Hi Material Co. Ltd, Changchun Hipolyking Co., Ltd. and Ningbo Yide Fine Chemical Co., Ltd are identified as key players in the Polyimide Fibers market.
Among these companies Jiangsu Aoshen Hi Material Co., Ningbo Yide fine Chemical Co., Ltd, Evonik Industries AG, Changchun Hipolyking Co., Ltd., and Jiangsu Shino New Materials Technology Co., Ltd have emerged dominant. They are expected to account for maximum sales of polyimide through 2031.
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Polyimide Fibers Market by Category
By Application:
- Filter Media
- Protective Clothing
- Insulation Material
- Others
By End Use:
- Construction
- Power & Utilities
- Chemical & Processing
- Mining
- Others
Table Of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Technology Roadmap
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
4. Key Success Factors
4.1. Strategic Promotional Strategies
5. Global Polyimide Fibers Market Demand Analysis 2016-2020 and Forecast, 2021-2031
continued…!
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About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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