Polyimide Fiber Market Size, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI4334
Polyimide Fiber Market size will experience positive growth within the forecast timespan. These synthetic fibers possess superior strength and excellent heat-resistant characteristics. They are produced by a two-step process involving aromatic diamines and aromatic tetracarboxylic dianhydrides. They are preferred for applications where resistance to high temperature, wear, corrosion and creep is necessary. They offer exceptional performance during short-term exposure of 1000?F (550?C) as well as continuous use of high temperatures up to 500?F (260?C). They are primarily used for protective clothing and high temperature filtration & industrial insulation applications. Moreover, they are used as a composite material for various applications.
The polyimide fiber market will be driven by increasing demand from electronics industry. The product is used for high performance flexible cables and medical tubing. Additionally, it is used as an insulating film for magnet wire. It is lightweight, heat & chemical resistant and flexible thereby perfectly suitable for various applications. Urbanization and advent of technology will characterize the electronics industry in upcoming years. Research and development activities supported by huge investments are likely to give rise to high-performance electronic systems and components. Such trends will create ample number of opportunities for polyimide fibers within electronics sector and accelerate the pace of its market growth during the forecast time span.
Favorable trends associated with chemical industry will propel the growth of polyimide fiber market between 2019 to 2025. The product is used for filtration purpose in chemical industry where hot gases are involved. As it can operate under wide range of temperatures and provide excellent resistance to chemicals, it can be used as a superior alternative for the traditional filters used in chemical industry which are prone to high degradation thereby offering less operational efficiency. Use of polyimide fiber helps to perform extreme processes in efficient manner and promote in enhancing chemical plant’s overall productivity. These aforementioned trends will augment the market growth in future.
The increasing popularity of polyimide fibers for insulation applications will support its market growth. In space industry, the product is used in spacecrafts for multi-layer insulation and astronaut space-suits. Additionally, they are employed in fire fighter jackets and other protective clothing owing to excellent thermostable and non-flammable properties. Stringent government regulations associated with safety of workers will bolster the protective clothing market. This in turn will spur the market growth by 2025. However, the market growth may be affected by high prices of the product. In addition, complex issues involved during production of these fibers may slowdown the growth of market.
The polyimide fiber market is classified on the basis of production process, application and end-user industry. Based on production process, the market is bifurcated into wet spinning and dry spinning segments. Based on application, the market is divided into filtration, insulation, composite material and others. Based on end-user industry, the market is classified into electronics, garment, chemical, space and others.
Asia Pacific will capture significant market share within the forecast period. The significant growth will be attributable to flourishing electronics industry within this region. Favorable government policies coupled with huge government expenditures will trigger the growth of electronics sector between the forecast period. Such trends will surge the demand of polyimide fibers in upcoming years. North America will clutch considerable market share in future due to positive outlook of chemical industry. Massive investments and capacity expansions associated with regional chemical industry will catapult the market growth in coming years. Space agencies of both of these regions such as ISRO and NASA have proposed many space expeditions over the next few years. This will generate high product demand as these fibers are extensively used in spacecrafts due to their low weight and ability to work over wide temperature range.
Some of the key players in polyimide fiber market are Evonik Industries AG, BIEGLO GmbH, Swicofil AG, Bannor Industrial Co., Ltd., iXBlue Photonics Besançon, Jiangsu Shino New Materials & Technology Co., Ltd. and Changchun Gao Qi polyimide material Co., Ltd.
Polyimide Fiber Market, By Production Process, 2014-2025 (USD xx)
- Wet spinning process
- Dry spinning process
Polyimide Fiber Market, By Application, 2014-2025 (USD xx)
- Composite material
Polyimide Fiber Market, By End-user Industry, 2014-2025 (USD xx)
The above information has been provided for the following regions and countries:
- North America
- South Korea
- Latin America
- Saudi Arabia
- South Africa
- Evonik Industries AG
- BIEGLO GmbH
- Swicofil AG
- Bannor Industrial Co., Ltd.
- iXBlue Photonics Besançon
- Jiangsu Shino New Materials & Technology Co., Ltd.
- Changchun Gao Qi polyimide material Co., Ltd.
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