Global Polyimide Fibers Market – Industry Trends and Forecast to 2029

Get Exclusive Sample PDF of this Report Here

Polyimide Fibers Market Analysis and Size

With a flood of demand from numerous end users, chemical industry plant owners are increasing their throughput to meet the demands of their customers. Major plant owners are implementing new processes and technological infrastructure to increase plant productivity. This newly designed process incorporates a series of chemical processes and mechanisms that operate in high pressure and high temperature environments.

Global polyimide fibers market was valued at USD 2500 million in 2021 and is expected to reach USD 3693.64 million by 2029, registering a CAGR of 5.00% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Report Scope and Market Segmentation

Get Exclusive Sample PDF of this Report Here

Market Definition

Polyimide fibres (PI) are a type of heat-resistant, relatively strong synthetic fibre that is orange to yellow in colour. Polyimide fibres are synthesised in two steps from aromatic diamines and aromatic tetracarboxylic dianhydrides. Polyimide fibres are frequently the best choice for high-stress applications that require corrosion, extreme temperature, wear, and creep resistance. The continuous use of polyimide fibres at very high temperatures up to 260°C and short-term exposure at 550°C maintains excellent operating capabilities.

Polyimide Fibers Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

• High Usage of polyimide fibers in textile industry

Polyimide fibres are widely used in the textile industry due to the superior protection they provide to clothing. Polyimide fibres are flame retardants and used in the textile industry as a fiber for heat protective clothing. Polyimide fibres are widely used in producing protective clothing, such as firefighter suits and jackets, army uniforms, and industrial protective gear. In the coming years, the global polyimide fibres market is expected to be fueled by an increase in demand for flame retardant clothing in various end-use sectors.

• Increased requirements from aerospace industry

Due to their excellent heat resistance, polyimide fibres are used for multilayer insulations in astronaut space suits and space shuttles. This is expected to increase demand for these fibres over the forecast period.

Opportunities

Polyimide fibres are increasingly being used in a variety of end-use industries. Polyimide fibres are commonly used in products such as filter bags to separate flue gases in municipal solid waste incinerators. However, due to properties such as flame retardancy and chemical resistance, demand for these materials has recently increased in applications such as protective clothing such as outer shells of suits and jackets for firefighters, the army, and other industries.

Restraints/Challenges

• High Initial and Overall Costs

The global polyimide fibres market is likely to be hampered by the complex manufacturing process and high cost of polyimide fibres.

• Unfavorable Conditions Arising Due To COVID-19

The unfavorable conditions caused due to COVID-19 outbreak will prove to be a demerit for the polyimide fibers market. COVID-19 led to the halt of various manufacturing operations and also caused disruption in the supply chain. Therefore, this factor will challenge the polyimide fibers market growth rate.

This polyimide fibers market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the polyimide fibers market, contact Data Bridge Market Research for an Analyst Brief; our team will help you make an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Polyimide Fibers Market

On January 30, 2020, the World Health Organization (WHO) International Health Regulations Emergency Committee declared the Coronavirus disease (COVID-19) outbreak a public health emergency of international concern. The virus originated in China and has spread to at least 214 countries and territories worldwide.

Due to the recent events surrounding the COVID-19 pandemic, several governments and private sector businesses are operating at reduced capacity or have ceased operations entirely.

Manufacturing of various consumer goods and other products worldwide came to a halt due to a lack of raw materials, a labour shortage, and other factors. This is expected to have a negative impact on the polyimide fibres market.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Global Polyimide Fibers Market Scope

The polyimide fibers market is segmented on the basis of application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Application

• Filter Media
• Protective Clothing
• Insulation Material
• Others

 End User

• Construction
• Power & Utilities
• Chemical & Processing
• Mining
• Others

Polyimide Fibers Market Regional Analysis/Insights

The polyimide fibers market is analyzed and market size insights and trends are provided by country, application and end user as referenced above.

The countries covered in the polyimide fibers market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific is expected to account for the majority of the global polyimide fibres market, during the forecast period of 2022 to 2029 followed by North America and Europe. The rise in demand for protective flame retardant clothing and the presence of manufacturing companies in countries such as China, Japan, and India are expected to create lucrative opportunities for the market in the region during the forecast period.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Polyimide Fibers Market Share Analysis

The polyimide fibers market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to polyimide fibers market.

Some of the major players operating in the polyimide fibers market are

• PPG Industries, Inc. (U.S.)
• Jotun (Norway)
• Axalta Coating System (U.S.)
• The Sherwin-Williams Company (U.S.)
• DOW (U.S.)
• Akzo Nobel N.V. (Netherlands)
• Kansai Paint Co., Ltd. (Japan)
• Nippon Paint Holdings Co., Ltd. (Japan)
• Carboline Company (U.S.)
• Sharpshell Industrial Solutions (South Africa)
• Arkem S.A. (France)
• Ashland Inc (U.S.)
• Mapei S.p.A (Italy)
• MUHU (China) Construction Materials Co., Ltd., (China)
• Holcim (Switzerland)
• Mascoat (U.S.)

SKU-69224