Polyimide Fibers Market

Key Points Covered in Polyimide Fibers Market Survey

• Market estimates and forecast 2016-2031
• Key drivers and restraints impacting market growth
• Segment-wise, Country-wise, and Region-wise Analysis
• Competition Mapping and Benchmarking
• Brand share and Market Share Analysis
• Key Product Innovations and Regulatory Climate
• COVID-19 Impact on Global Polyimide Fibers Market and How to Navigate
• Recommendation on Key Winning Strategies

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2016-2020 Polyimide Fibers Market Outlook Compared to 2021-2031 Forecast

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.

Owing to their excellent flame retardant capacity, use of polyimide fibers in manufacturing of protective clothing is increasing at a substantial rate. Nowadays, polyimide fibers are extensively used in manufacturing of protective clothing such as outer shell of suits in the army, jackets of fire fighters, industrial protective gears, and others.

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.

Polyimide fibers due to its excellent heat resistance property is used for multilayer insulations of space shuttles, and astronaut space suits which is expected to elevate the demand during the forecast period.

Owing to the aforementioned factors, the market for polyimide fibers is expected to expand at CAGR of 4.9% during the forecast period.

What Factors Are Supporting Polyimide Fibers Sales Growth?

According to latest market study by Future Market Insights, during the historical assessment period of 2016-2020 global polyimide fibers industry has witnessed a growth rate of 1.8%.

Polyimide fibers market has seen remarkable demand growth due to shifting consumer preference towards eco-friendly products and growing trend of sustainability among manufacturers.

Various stringent regulations imposed by regional governments and environmental regulatory bodies are expected to increase demand in the waste to energy generation industry, which is expected to elevate the demand for polyimide fibers during the forecast period.

Polyimide fibers are employed in the production of dust filters due to the exceptional properties they inherit. Furthermore, as industrial infrastructure becomes more sophisticated, the demand for filters will rise.

Because of the limited number of vendors in the market and the complicated manufacturing process, these fibers are used across diverse industries as they aim to lower their carbon emissions.

What are the Key Opportunities for Polyimide Fibers Manufacturers?

Polyimide fibers were mainly used in manufacturing of filter bags which are used in separation of flue gasses in various municipal solid waste incineration. However, owing to their excellent heat resistance and flame retardation capacity, polyimide fibers application is increasing across diverse industries.

Protective clothing is one of them which is getting remarkable traction. Similarly, various research and development activities in the field of polyimide fibers are expected to uncover scope for applications of polyimide fibers during the forecast period.

What Is the Impact of COVID-19 Crisis on Polyimide Fibers Market?

Lockdown imposed across various countries have negatively impacted the market. Limited production and transportation-related delays owing to travel restriction created obstacles amid the pandemic.

Despite the difficult situation, economies are steadily recovering from the effect. Economic activities have begun to grow at a slow and steady pace as supply and distribution networks recover. Against this backdrop, the pandemic is unlikely to have a long-term effect on the Polyimide Fibers Market.

Country-wise Insights

Why is the Demand for Polyimide Fibers high in the U.S.?

In 2021, the U.S. polyimide fibers market is expected to witness 2.8% growth year on year, bucking initial skepticism about how the market would perform during a global pandemic. Across the whole of North America, total demand of polyimide fibers is expected to reach a total of 1,558 Tons

Presence of various space organizations such as NASA and their extensive future planning to launch various space shuttles are expected to create demand for usage of polyimide fibers. This will in turn push the market value in the U.S. during the forecast period.

What is the Expected Growth Rate for Polyimide Fibers Market in China?

China is one of the most lucrative markets for polyimide fibers. The China polyimide fibers market is expected to witness year-over-year (Y-o-Y) growth rate of 5.7% in 2021 and elevating market value to attain US$ 96.8 Mn by 2021 end.

Protective clothing segment in China is expanding at remarkable rate. The demand for polyimide fibers will increase due to their increasing application in protective gears used to control further spread of novel coronavirus.

At What Rate Will the Germany Polyimide Fibers Market Grow?

Germany currently holds dominance in the Europe polyimide fibers market. The country is expected to account for almost 25% of the revenue generated from sales of polyimide fibers across Europe.

According to the World Energy Council the global waste to energy market was valued at US$25.32 billion in 2013. The increasing demand for waste to energy technologies based on thermal energy conversion will enable growth in the Europe market.

Europe accounted for ~45% of the global waste to energy market. Owing to such a vast waste to energy generation capacity of the region, manufacturers are readily investing and expanding their footprint in Germany and other countries across the region.

Category-wise Insights

Which is the Primary Application of Polyimide Fibers?  

Based in applications, filter media is the highest consumer of polyimide fibers, accounting for 59% of the overall production of the polyimide fibers globally.

Research and development activities undertaken over the last few years are opening novel scope for applications of polyimide fibers. Owing to its flame retardant and excellent heat resistance capacity, polyimide fibers are extensively used in manufacturing of jackets for fire fighters, outer covers for army, and industrial protective gears.

Which is the Highest Grossing End User of Polyimide Fibers?

As per the latest market study by Future Market Insights on global polyimide fibers market, power utilities is the highest grossing end user of polyimide fibers. Power & utilities segment is anticipated to attain a value of US$ 227.8 Mn by the end of forecast period with a notable growth rate of 5.4% over the forecast period.

Competitive Landscape

Majority of companies discussed in the report have focused expanding their manufacturing units in their respective regions. Strategies include innovation, collaborations with key players, partnerships, strategic alliances, and strengthening of regional and global distribution networks. Some of the key developments are:

• In September 2015, Jiangsu Aoshen Hi-tech material Co., Ltd. (A.B. Aoshen) developed a new type bladderfabric which is made up of Suplon. Furthermore, the hi-tech fabric has been applied in China Police Forest protection clothing bladder.
• In November 2015,  In order to standardize the product quality of enterprises, improve the expressiveness of products, and participate in product competition, Jiangsu Xiannuo New Material Technology Co., Ltd. formulated the "High Strength and High Modulus Polyimide Fiber", on the basis of fully listening to the needs of relevant quality inspection units and consumers. 
• In 2019, Evonik AG announced the launch of its new polyimide fiber named P84 HT, this newly presented product has increased mechanical stability and flexibility at continual high working temperatures. In lieu of the aforementioned qualities, P84 HT Fibers are generally created to be employed in a wide variety of applications ranging from filter media for high-temperature filtration to thermal insulation and protective apparel.

Similarly, recent developments related to companies manufacturing Polyimide Fibers have been tracked by the team at Future Market Insights, which are available in the full report.

Scope of Report

Key Questions Answered in Polyimide Fibers Market Study

• Which Application Exhibits Highest Consumption of Polyimide Fibers? 

  Based on applications of polyimide fibers, filter media is the largest segment and is expected to account for 59% of the global market share through 2031.

• Who is the Leading End User of Polyimide Fibers?

  As per the latest market study conducted by Future Market Insights, power utilities is the highest grossing end user of polyimide fibers.

• Who are the Key Suppliers of Polyimide Fibers?

  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

• Who are the Leading Producers of Polyimide Fibers and what is their Market Share?

  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 are top market players. They are expected to account for 60% of sales through 2021.

• What is the Overall Polyimide Fibers Market Size?

  Polyimide fibers market is expected to reach a valuation of US$ 302.2 Mn in 2021

• What is the North America Polyimide Fibers Market Outlook?

  The demand for polyimide fibers is expected to rise at 3.6% CAGR in North America between 2021 and 2031.

• At What Rate will the Demand for Polyimide Fibers Increase in Europe?

  The demand for polyimide fibers is expected to increase at a CAGR of 3.4% in Europe through 2031.

• Who are the Leading Exporters of Polyimide Fibers?

  China, Japan, and the U.S. are the leading exporters of polyimide fibers.

• What is the Demand Outlook for Polyimide Fibers Market?

  The demand for polyimide fibers is expected to increase at 4.9% CAGR between 2021 and 2031.

• What is the Share of Japan in the Global Polyimide Fibers Market?   

  Japan is expected to account for 7% of global sales of polyimide fibers in 2021.

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