Global Polyimide Fibers Market: Key Facts and Forecast Predictions Presented Until 2026

Market Research Report Search Engine (MRRSE) recently announced the addition of a new research study to its comprehensive collection of research reports. The research report, titled “Global Market Study on Polyimide Fibers: Power & Utilities Sector to Present Attractive Opportunities; Chemical Industry to Record Significant Consumption in the Near Future” offers a detailed analysis of the market, providing insights into the market dynamics that are expected to influence the overall market positively in the next few years. Furthermore, the product segmentation, drivers, barriers, key geographical segments, and the competitive scenario of the Global Polyimide Fibers market have been elaborated upon in the research report.

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Governments in emerging countries are strengthening their guidance to the polyimide industry by increasing emphasis on the sector and extending investments in R&D polyimide fibers. Increasing promotion of research and development of polyimide fiber will reportedly fuel the growth of polyimide fibers market on a global level. The recent past has been seeing improved production process for polyimide fibers, which is another factor foreseen to be supporting market growth in near future.

The global market for polyimide fibers is likely to experience moderate growth between 2018 and 2026. According to a recent study conducted by Persistence Market Research, the global polyimide fibers market will thrive at a CAGR of 5.0% over 2018-2026. In 2017, the market was worth US$ 279.2 Mn and is expected to touch a valuation of US$ 433.6 Mn by the end of 2026.

Power and Utilities to Emerge As Lucrative End-users of Polyimide Fibers

Surging government initiatives for efficient disposal of waste and protecting the environment from polluting and unsustainable practices such as landfilling have led to significant growth in the waste to energy generation industries. According to the World Energy Council, the global waste to energy market was valued at US$25.32 billion in 2013. Waste to energy technologies based on thermal energy conversion is at present one of the leading industries under the power and utilities industry utilizing polyimide fibers. There has been an increase in consumption of polyimide fibers by manufactures of filter bags, which are used in separation of flue gases in the municipal solid waste incinerators. The advantage of using bags made from polyimide fibers is that it provides high thermal stability and resistivity to chemicals. Moreover, the multilobal cross sectional area in these fibers also provides higher specific area for filtration, thus accounting for significant growth.

Advanced features of polyimide fibers also make it a suitable material for being used in the power and utilities sector. Chemical decomposition of fiber starts at 450 degree Celsius, thus ensuring its deployment across high temperature exposed environment. As a result of the high thermal stability, these fibers are progressively being used in manufacturing of filter bags for the filtration of flue gases in municipal waste incinerators, cement plants, steel plants, and coal fired boilers. Moreover, polyimide fibers also provide good chemical stability to solvents such as hydrocarbons, ketones, alcohols amongst others. These fibers also offer high resistance to fat, fuels, and oil.

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Chemical Industry to Register Significant Consumption of Polyimide Fibers with Altering Needs

With gushing demand arising from numerous end users, the chemical industry plant owners are increasing their throughput in order to fulfill the demand of their consumers. In order to increase the productivity of plants, major plant owners implementing new process and technological infrastructure. These newly designed process implements the series of chemical processes and mechanism that performs in high pressure and high temperature atmosphere. Conventional filter material used in the chemical industry degrades very fast and shows very less efficacy in these type of HTHP environment. In order to increase the life of filter and reduce operating cost, leading chemical plant owners are using the filter that are made of high performance synthetic fibers such as PI fiber. With a surging number of chemical plants in the globe, the demand for polyimide fiber-based products is also projected to increase over the next few years. 

List of factors tracked in the Chemicals and Materials Market Report

Chemical Industry Value Add
Chemical Sales
Per Capita Consumption
Standard Capacity Factors
Plastics Consumption Outlook
Glass Consumption Outlook
Policies and Regulations
Historical growth of top players
Growth in associated markets
Net trade scenario
Apparent production capacity

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