Polyimide Fibers Market

Global Market Study on Polyimide Fibers: Growing Demand for Filtration Media to Spur Market Growth

Market Snapshot

Persistence Market Research’s polyimide fibers industry analysis shows that demand from protective clothing is expected to enjoy year-on-year (YoY) growth of 3.8% in 2021 to total 2,410 tons, while demand from power & utilities anticipated to grow 4.1% to 4,170 tons.

As per value growth rate, polyimide fiber sales are slated to witness a CAGR of around 5% over the assessment period of 2021 and 2031.

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Companies

  • Jiangsu Shino New Materials Technology Co., Ltd
  • Jiangsu Aoshen Hi Material Co
  • Changchun Hipolyking Co., Ltd
  • Ningbo Yide fine Chemical Co., Ltd.
  • Lirsot Ltd
  • Evonik Industries AG
  • Swicofil
  • Shandong Xingye Environmental Technology Corp

Key Insights Provided in Polyimide Fibers Industry Survey:

  • Market Estimates and Forecasts (2016-2031)
  • Key Drivers and Restraints Shaping Market Growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Brand Share and Market Share Analysis
  • Assessment by Product Grade / Purity / Formulation Standards
  • Assessment of Import Price, Bulk Price, Contractual Price, Producer / Distributor Price
  • Analysis of Supply Contracts, Avg. Consumption, Potential for Direct & Indirect Sales
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on Sales of Polyimide Fibers and How to Navigate
  • Recommendation on Key Winning Strategies

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Consumption Analysis of Polyimide Fibers from 2016 to 2020 Vs Market Outlook for 2021 to 2031

From 2016 to 2020, use of polyimide fibers increased at around 1.8% CAGR, and developing economies such as those in South-east Asia and Latin America are expected to witness steady increase in demand over the next ten years.

Growing industrialization coupled with stringent regulations by various government bodies regarding air emissions from different industries, especially in developing regions across the globe, has led to increased preference for polyimide fibers with regard to conventional fibers. This is true in industries such as municipal waste incinerators, cement plants, steel plants, and coal-fired boilers for the production of filter bags due, to their properties such as high thermal stability and strong resistivity to chemicals.

High demand for polyimide fibers in the application of insulating materials for the production of durable clothing with good mechanical strength used in spacecraft for sealing and thermal insulation, coupled with surge in the number of space launches, is projected to contribute significantly to the growth trajectory of the market, which is expected to rise at around 5% CAGR through 2031.

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What are the Key Opportunities Awaiting Polyimide Fiber Manufacturers?

Applications of polyimide fibers are increasing across various end-use industries. Conventionally, polyimide fibers find application in products such as filter bags used in the separation of flue gases in municipal solid waste incinerators.

However, recently, due to their properties such as flame retardant and good chemical resistance, demand has increased in applications such as protective clothing such as outer shells of suits and jackets for firefighters, army, and other industries.

Polyimide fibers have excellent thermal resistance with a high glass transition temperature of around 370 °C, and do not melt and burn easily, which, in turn, is influencing manufacturers to incorporate them in the aforementioned clothing products.

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What are the Roadblocks That Polyimide Fiber Suppliers Face?

Complicated production process, high cost of polyimide fibers, and moderately fragmented market due to the existence of a small number of large players and few medium & small manufacturers are some of the biggest roadblocks or threats to the suppliers of polyimide fibers.

However, in order to meet rising requirements of customers and vertical sectors, suppliers are concentrating on the creation of innovative and cost-effective manufacturing methods. In addition, firms are also strategizing in increasing their manufacturing capacity.

Which Region Offers Significant Opportunity for Sales of Polyimide Fibers?

With an absolute dollar opportunity of close to US$ 30 Mn, South East Asia and APEJ are expected to be the most lucrative markets for polyimide fiber suppliers.

India is leading the South East Asia and APEJ market, and is expected to witness a CAGR of around 6% during the forecast period. The polyimide fibers protective clothing market has predominantly been dominated by developed regions such as North America, Europe, and Japan.

However, demand for polyimide fibers from South-east Asia has been steadily increasing in recent years. This rise in demand can be ascribed to a variety of factors, including presence of a good number of end-use industries such as chemical & processing and mining, in the region.

global-polyimide-fibers-market

Country-wise Analysis

Will India Become a Lucrative Market for Polyimide Fibers?

In 2021, the polyimide fibers industry in India is expected to grow 4.6 % year on year, bucking initial scepticism about how the market would perform during a global pandemic. Across the whole of SEA and APEJ, total sales of polyimide fibers reached US$ 45.2 Mn.

Due to the favourable outlook of the chemical sector, India will have a significant market share in the future. Due to the country’s chemical industry's massive expenditure and capacity expansions, there will be significant increase in demand for polyimide fibers over the coming years.

Space organizations such as ISRO are planning a number of space missions, which, in turn, can result in strong product demand for polyimide fibers due to their low weight and ability to function across a wide temperature range.

Moreover, demand from power and utilities is steadily growing, resulting in significant market expansion in this region for the segment of filter media.

What Makes China a Hub for Polyimide Fiber Demand?

China is expected to dominate East Asia as well as the global polyimide fibers market. In 2020, China accounted for over 32% share of the global market.

China is one of leading countries in generating and shifting toward clean energy and renewable resources. The country has taken several steps to protect the environment and saving energy. Usage of polyimide fibers is expected to grow due to their application in removing flue gas, which, in turn, helps lowering the toxicity from air emissions.

Several other factors such as rising demand for usage in protective clothing, filter media for high temperature filtration, fiber-reinforced composites for automotive, spacecraft, and high temperature applications such as thermal insulation in China are also expected to fuel market expansion.

Category-wise Insights

Which Application of Polyimide Fibers Generates Most Revenue?

Filter media accounted for over 50% of the revenue share and is set to expand at a CAGR of over 5% across 2021 – 2031.

With surge in demand from a variety of end users, chemical plant owners are boosting their production outputs to meet the needs of their customers. Major plant owners are introducing new processes and technical infrastructure to enhance plant productivity. These newly developed procedures incorporate a number of chemical processes and mechanisms that operate in a high-pressure, high-temperature environment.

In these HTHP (high temperature-high pressure) environments, conventional filter material utilized in the chemical sector degrades quickly and has little effectiveness. Leading chemical plant owners are now adopting filters comprised of high-performance synthetic fibers such as polyimide fibers to extend the life of their filters and decrease operating costs.

With increasing number of chemical plants across the world, demand for polyimide fiber-based goods is expected to rise over the coming years.

What is the Commercial Potential of Protective Clothing Application?

By application, protective clothing is one of the fastest growing segments after filter media, and is expected to account for 24% of the overall incremental dollar opportunity to be created over the assessment period of 2021-2031.

Usage of polyimide fibers in the garment industry for the production of protective gear such as medical protective clothing, outer shells of suits and jackets for fire fighters, the army, and industry, has increased in recent years. The reason being that polyimide fibers provide strong flame retardant characteristics as well as high chemical resistance.

Moreover, these fibers also have a high mechanical strength, making them suitable for use in garments, and are also utilized for sealing and thermal insulation in spacecraft.

Why is Demand for Polyimide Fibers Increasing for Power & Utilities?

The power & utilities segment accounted for over 2/5 of overall demand for polyimide fibers in 2020.

Advanced properties of polyimide fibers such as chemical breakdown of fiber at high temperature of around 450 degrees Celsius, allows them to be used in high-temperature environments and makes them a good fit for power and utility industries.

How is the Protective Clothing Industry Expected to Drive Demand for Polyimide Fibers?

Polyimide fibers have witnessed steady growth in demand in applications such as protective clothing, as they are ideal for firefighter jackets and other protective gear because of their outstanding thermostable and non-flammable characteristics.

Stringent government rules relating to workplace safety will also help boost demand for protective clothing. As a result, the market is expected to grow significantly over the coming years.

Also, emergence and growing prominence in newer application areas such as in spacecraft suits is also expected to drive demand for polyimide fibers through the forecast period.

Has COVID-19 Affected Demand for Polyimide Fibers?

The COVID-19 pandemic has significantly impacted demand for polyimide fibers. The market witnessed a year-on-year decline of around -3.3 % in 2020 with the onset of COVID-19.

However, the occurrence of COVID–19 also opened new avenues with proper protective equipment such as face masks and PPE kits in high demand worldwide, so as to stop the spread of the infection. In this regard, N95 masks are being currently deemed to be massively used protective equipment subject to their ability to restrict about 80% of aerosol particles.

Competitive Landscape

Majority of companies discussed in the report have focused expanding their manufacturing units in their respective regions. Strategies include innovation, collaborations with key players, partnerships, strategic alliances, and strengthening of regional and global distribution networks. Some of the key developments are:

  • In September 2015, Jiangsu Aoshen Hi-tech material Co., Ltd. (A.B. Aoshen) developed a new type bladderfabric that is made of Suplon. Furthermore, the hi-tech fabric has been applied in China Police Forest protection clothing bladder.
  • In November 2015, in order to standardize the product quality of enterprises, improve expressiveness of products, and participate in product competition, Jiangsu Xiannuo New Material Technology Co., Ltd. formulated the "High Strength and High Modulus Polyimide Fiber", on the basis of fully listening to the needs of relevant quality inspection units and consumers.
  • In 2019, Evonik AG announced the launch of its new polyimide fiber - P84 HT. This product has increased mechanical stability and flexibility at continual high working temperatures.

Similarly, recent developments related to companies manufacturing polyimide fibers have been tracked by the team at Persistence Market Research, which are available in the full report.

Polyimide Fibers Market Report Scope

Attribute

Details

Forecast Period

2021-2031

Historical Data Available for

2012-2020

Market Analysis

US$ Mn for Value

Key Regions Covered

  • North America
  • LAMEA
  • Europe
  • SEA and Other APEJ
  • China
  • Japan

Key Countries Covered

  • United States
  • Canada
  • Brazil
  • Mexico
  • Germany
  • U.K.
  • France
  • Spain
  • Italy
  • BENELUX
  • Russia
  • Poland
  • LA
  • MEA
  • China
  • Japan
  • ASEAN
  • India

Key Market Segments Covered

  • End Use
  • Application
  • Region

Key Companies Profiled

  • Jiangsu Shino New Materials Technology Co., Ltd.
  • Jiangsu Aoshen Hi Material Co.
  • Changchun Hipolyking Co., Ltd.
  • Ningbo Yide fine Chemical Co., Ltd.
  • Lirsot Ltd.
  • Swicofil
  • Shandong Xingye Environmental Technology Corp.
  • Jiangsu Jinqiao Salt International Trade Co. Ltd.
  • Baoding Sanyuan Textile Technology Co. Ltd.
  • Shanghai Easun Group Imp & Exp Co., Ltd.
  • Xiamen Meidasi Environmental Protection Industry Co. Ltd.
  • Evonik Industries AG

Pricing

Available upon Request

Key Segments Covered in Polyimide Fibers Industry Research

By End Use

  • Polyimide Fibers for Construction
  • Polyimide Fibers for Power & Utilities
  • Polyimide Fibers for Chemicals & Processing
  • Polyimide Fibers for Mining
  • Others

By Application

  • Filter Media
  • Protective Clothing
  • Insulation Materials
  • Others

FAQs Answered in Study

  • How much is the global polyimide fibers for market valued at currently?

    The global polyimide fibers market is currently valued at over US$ 302 Mn.

  • What is main factor driving demand for polyimide fibers?

    Use of polyimide fibers for protective clothing and in spacecraft for sealing & thermal insulation are driving demand.

  • At what CAGR did demand for polyimide fibers increase over the past 5 years?

    From 2016 to 2020, demand for polyimide fibers increased at a CAGR of 1.8%.

  • What will be the demand outlook for polyimide fibers through 2031?

    Sales of polyimide fibers are projected to increase at 5% CAGR and be valued at over US$ 485 Mn by 2031.

  • What is the market share of the top 5 manufacturers of polyimide fibers?

    As per ratings on the basis of market share, market reach, clientele, etc., top 5 polyimide fiber manufacturers account for around 60% market share.

  • At what rate is the market in Germany registering growth in Europe?

    The market for polyimide fibers in Germany is set to account for 24% share in the European market.

  • Which are the top 5 countries driving most of the demand for polyimide fibers?

    China, the U.S., Japan, ASEAN, and Germany are the major demand centers for polyimide fibers.

  • Which countries are the key producers of polyimide fibers?

    China, the U.S., Japan, Russia, and Germany are key producers of polyimide fibers.

  • Which nations are the key exporters of polyimide fibers?

    China, Japan, and the U.S. are key exporting countries of polyimide fibers.

  • How is the polyimide fibers market faring in Japan?

    Through 2031, the market in Japan is expected to expand at 3.5% CAGR, and hold 21.3% of the East Asia market.

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