The newest Future Market Insights (FMI) analysis predicts that between 2021 and 2031, the demand for polyimide fibers will grow at a 4.9% CAGR.
Sales in the market will be boosted by the growing usage of polyimide fibers in insulation, protective garments, and filter media. Polyimide fibers are likely to be used more frequently across a variety of industries because of their strong heat resistance and flame-retardant capabilities.
Numerous protective garments, including the outer shell of army suits, firefighter jackets, and industrial protective gear, are made with polyimide fibers. In light of this, FMI has determined that the application in protective apparel will account for the majority of market sales throughout the projected period.
Growth potential is being hampered, nevertheless, by the product’s limited availability and the manufacturing process’ complexity as a result of the concentration of technological expertise among a small number of participants.
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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
By Region:
- North America
- Latin America & Middle East & Africa (LAMEA)
- Europe
- Southeast Asia and Other APEJ
- China
- Japan
Want to Know More?
Future Market Insights has published a market research report on the Polyimide Fibers market that contains global analysis for 2016–2020 and opportunity assessment for 2021–2031. The report provides insightful analysis of the Polyimide Fibers market through three different segments-by Application, by End Use and by Region.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient 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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