Polyimide Fibers Market Would Rocket up to USD 3693.64 million by 2029| Top Players: PPG Industries, Inc. (U.S.), Jotun (Norway), Axalta Coating System (U.S.), The Sherwin-Williams Company (U.S.)

Market Definition

Polyimide fibres (PI) are a type of heat-resistant, relatively strong synthetic fibre that is orange to yellow in colour. Polyimide fibres are synthesised in two steps from aromatic diamines and aromatic tetracarboxylic dianhydrides. Polyimide fibres are frequently the best choice for high-stress applications that require corrosion, extreme temperature, wear, and creep resistance. The continuous use of polyimide fibres at very high temperatures up to 260°C and short-term exposure at 550°C maintains excellent operating capabilities.

Global polyimide fibers market was valued at USD 2500 million in 2021 and is expected to reach USD 3693.64 million by 2029, registering a CAGR of 5.00% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

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With a flood of demand from numerous end users, chemical industry plant owners are increasing their throughput to meet the demands of their customers. Major plant owners are implementing new processes and technological infrastructure to increase plant productivity. This newly designed process incorporates a series of chemical processes and mechanisms that operate in high pressure and high temperature environments.

Polyimide Fibers Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

High Usage of polyimide fibers in textile industry

Polyimide fibres are widely used in the textile industry due to the superior protection they provide to clothing. Polyimide fibres are flame retardants and used in the textile industry as a fiber for heat protective clothing. Polyimide fibres are widely used in producing protective clothing, such as firefighter suits and jackets, army uniforms, and industrial protective gear. In the coming years, the global polyimide fibres market is expected to be fueled by an increase in demand for flame retardant clothing in various end-use sectors.

Increased requirements from aerospace industry

Due to their excellent heat resistance, polyimide fibres are used for multilayer insulations in astronaut space suits and space shuttles. This is expected to increase demand for these fibres over the forecast period.

Opportunities

Polyimide fibres are increasingly being used in a variety of end-use industries. Polyimide fibres are commonly used in products such as filter bags to separate flue gases in municipal solid waste incinerators. However, due to properties such as flame retardancy and chemical resistance, demand for these materials has recently increased in applications such as protective clothing such as outer shells of suits and jackets for firefighters, the army, and other industries.

Some of the major players operating in the polyimide fibers market are
PPG Industries, Inc. (U.S.)
Jotun (Norway)
Axalta Coating System (U.S.)
The Sherwin-Williams Company (U.S.)
DOW (U.S.)
Akzo Nobel N.V. (Netherlands)
Kansai Paint Co., Ltd. (Japan)
Nippon Paint Holdings Co., Ltd. (Japan)
Carboline Company (U.S.)
Sharpshell Industrial Solutions (South Africa)
Arkem S.A. (France)
Ashland Inc (U.S.)
Mapei S.p.A (Italy)
MUHU (China) Construction Materials Co., Ltd., (China)
Holcim (Switzerland)
Mascoat (U.S.)

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COVID-19 Impact on Polyimide Fibers Market

On January 30, 2020, the World Health Organization (WHO) International Health Regulations Emergency Committee declared the Coronavirus disease (COVID-19) outbreak a public health emergency of international concern. The virus originated in China and has spread to at least 214 countries and territories worldwide.

Due to the recent events surrounding the COVID-19 pandemic, several governments and private sector businesses are operating at reduced capacity or have ceased operations entirely.

Manufacturing of various consumer goods and other products worldwide came to a halt due to a lack of raw materials, a labour shortage, and other factors. This is expected to have a negative impact on the polyimide fibres market.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Global Polyimide Fibers Market Scope

The polyimide fibers market is segmented on the basis of application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Application
Filter Media
Protective Clothing
Insulation Material
Others

 End User
Construction
Power & Utilities
Chemical & Processing
Mining
Others

Polyimide Fibers Market Regional Analysis/Insights

The polyimide fibers market is analyzed and market size insights and trends are provided by country, application and end user as referenced above.

The countries covered in the polyimide fibers market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific is expected to account for the majority of the global polyimide fibres market, during the forecast period of 2022 to 2029 followed by North America and Europe. The rise in demand for protective flame retardant clothing and the presence of manufacturing companies in countries such as China, Japan, and India are expected to create lucrative opportunities for the market in the region during the forecast period.

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