Global polyimide fiber market size is expected to witness appreciable growth over 2021-2027. This is due to the myriad usage advantages of polyimide coated fibers, such as high resistance to heat and chemicals, alongside their burgeoning use to protect against radiation. In addition, the rising application scope of polyimide materials in end-use industries like aerospace, and its growing adoption for flexible printed circuits and semiconductors will fuel industry outlook. A polyimide refers to a specific type of polymer that consists of imide monomers, which is produced from dianhydrides and diamines in a two-stage process. The material possesses advantageous properties such as mechanical strength, heat resistance, and insulative properties, and is widely used for several applications across the industrial spectrum.
Rapid increase in space missions is one of the key trends expediting overall polyimide fiber market growth over 2021-2027. In 2021, NASA selected SpaceX to develop the commercial human lander for its Artemis mission. Such missions could amplify the demand for polyimide composite fibers, for use as thermal insulating materials, due to their non-flammable and thermostable properties. Likewise, the high resilience of the semiconductor industry during the COVID-19 pandemic and the rising approval of high-tech polyimide fibers for textile applications will contribute to industry expansion in the years ahead.
On the basis of end-use, the polyimide fiber industry from the garment segment will account for a commendable share by 2027. Growth from this segment is due to the growing adoption of high-performance textiles and apparel, including medical textiles, in countries like the U.S. In addition, the deployment of polyimide fibers as a highly efficient filter system in textile processing, owing to their flame-resistant and thermal stability properties, will also augment material adoption in the garment industry.
Regionally, the North America polyimide fiber market will depict a strong growth rate through 2027, on account of the increasing research and development spending on the aerospace sector. Industry dynamics will also be influenced by the steady recovery of the regional chemical industry from the pandemic. According to ACC estimates, the U.S. economy is set to grow by 3.7% in 2021, with chemical production expected to rise by over 3.9%, which may boost the deployment of polyimide fiber coating over the estimated timeline.
The competitive landscape of the global polyimide fiber industry consists of companies such as Changchun Gao Qi polyimide material Co., Ltd., Jiangsu Shino New Materials & Technology Co., Ltd., iXBlue Photonics Besançon, Bannor Industrial Co., Ltd., Swicofil AG, BIEGLO GmbH, and Evonik Industries AG (RAG-Stiftung), among others. These firms are implementing strategies such as business expansions, new product launches, and collaborations to diversify their presence across the global market. For instance, in September 2021, Evonik announced that its P84 HT polyimide fibers had obtained certification according to globally recognized label OEKO-TEX® Standard 100, for use in skin contact application. This certification was part of Evonik’s effort to establish P84 HT as the new quality standard for PPE (personal protective equipment) in the textile industry.
Impact of Disruption in Commercial Aerospace Sector During COVID-19 on Polyimide Fiber Market Trends:
The economic and social disruptions induced by the novel coronavirus pandemic have posed an unprecedented impact on numerous industries, including aerospace. Cash flow and liquidity crisis as well as a decline in sales have impacted manufacturers holding a large share of the commercial aerospace portfolio. Situations such as these have hindered the polyimide fiber industry expansion, as the material is widely used in the aerospace sector owing to its thermal stability and insulation. However, the gradual recovery of this sector from the crisis, alongside the increasing sales of consumer electronics in Germany, especially through e-Commerce channels, may aid the industry revival over the foreseeable future.