Home > Polymers, Specialty Chemicals & Advanced Materials > Polyimide Fiber Market
Polyimide Fiber Market size is anticipated to expand at a decent rate between 2023 and 2032, considering the growing adoption of flexible printed circuits and semiconductors.
Polyimide is a particular kind of polymer that is made up of imide monomers and has multiple benefits like excellent heat and chemical resistance. The material is widely used in the aerospace sector as well as in applications like radiation protection cladding of cables, radiation-resistant strings, and more. Aerospace engineers and aircraft designers are preferring polymer composite materials to make aircraft stronger, lighter, and more fuel efficient. Features like heat resistance, mechanical strength, and insulative properties may support product penetration in the aviation sector.
Based on end-use, the polyimide fiber market share from the apparel segment might observe lucrative growth over the forecast period. Growth in this market can be attributed to the rising popularity of high-performance fabrics and clothing, notably medical textiles, in developed nations like the United States. As these fibers act as a highly effective filter system in textile processing, their use in the clothing sector would increase at a steady rate. Its use will also be influenced by its flame-resistant and thermal stability qualities. A rise in the number of space research initiatives and launches worldwide should expand the application scope of polyimide fiber.
According to a regional standpoint, North America polyimide fiber industry is forecasted to witness exponential growth in view of rising investment in research & development (R&D) across the chemical sector. The progressive recovery of the chemical sector following the COVID-19 pandemic is expected to have a positive influence on regional polyimide fiber market. The ACC predicts that the U.S. economy will expand by 3.7% in 2021 and that chemical production would increase by over 3.9%. These projections suggest that the utilization of polyimide fiber coating could be accelerated over the coming years.
Companies that operate in global polyimide fiber market include like Jiangsu Shino New Materials & Technology Co., Ltd., Changchun Gao Qi polyimide material Co., Ltd., Evonik Industries AG (RAG-Stiftung), Swicofil AG, BIEGLO GmbH, iXBlue Photonics Besançon, and Bannor Industrial Co. Ltd. These players are taking initiatives like business expansions, collaboration and new product launches to diversify their footprint worldwide.