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Polyimide Fibers Market

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

Polyimide Fibers Market by Application (Filter Media, Protective Clothing, Insulation Materials)

Global Polyimide Fibers Market Snapshot

The most recent market analysis from Persistence Market Research projects that by 2023, the global market for polyimide fibers will be worth US$ 328.5 Mn. With a consistent growth rate of 5.0%, the market for polyimide fibers is anticipated to reach US$ 535.1 Mn by 2033.

Attributes Key Insights

Polyimide Fibers Sales (2022A)

US$ 314.7 Mn

Polyimide Fibers Demand (2023E)

US$ 328.5 Mn

Polyimide Fibers Market Projections (2033F)

US$ 535.1 Mn

Value CAGR (2023-2033)

5.0%

Collective Value Share: Top 3 Countries (2023E)

23.1%

Polyimide fibers are distinguished by their high thermal and chemical stability and nonflammability. These fibers have a high LOI ( Limiting Oxygen index) of 38% hence the reason for their non-flammability. These fibers have unique multilobal cross-sectional areas which result in relatively high specific surfaces as compared to standard textile fibers thus improving filtration efficiency.

Additionally, polyimide fibers also provide good chemical stability to solvents such as hydrocarbons, ketones, and alcohols amongst others. These fibers also offer high resistance to oil, fuels, and fat. The decomposition and disposal of these fibers are also relatively easier and these don’t produce harmful substances on degradation.

The consumption of polyimide fibers is primarily driven by growing demand across various end-use industries such as construction, Power & Utilities, Chemical & Processing, and electronics Industries. With the growing Electronics industry, the demand for polyimide fibers is increasing due to Polyimide materials being flexible, lightweight, as well as heat and chemical-resistant. As a result, they're commonly used in the electronics industry for flexible cables and as an insulating layer on magnet wire. Furthermore, there is significant use of Polyimide in the construction industry across various Applications, such as pipes, and cand cladding, for repair and strengthening work. The principal loads are carried by the fibers because of their good strength-to-weight properties which FRP composites have successful applications. All these applications show lucrative growth for the Polyimide Fibers Market during the Forecast Period.

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Historical (2016-22) v/s Forecast (2023-33) Market Outlook for Polyimide Fibers Market

The historical data shows that from 2017 to 2022, the market for Polyimide Fibers grew at a compound annual growth rate (CAGR) of 2.4%. The coronavirus pandemic has had a profound effect on several industries, including aerospace, in terms of both the economy and society. Manufacturers controlling a significant portion of the commercial aerospace portfolio have been damaged by cash flow and liquidity crisis, as well as a fall in sales. Because polyimide fiber is widely employed in the aerospace industry due to its thermal stability and insulation, circumstances like these have hampered the industry's growth.

It is projected that the market for polyimide fibers will expand more swiftly than in the past. A CAGR of 5.0% is expected for the market's growth during the forecast period. Due to the numerous benefits of polyimide-coated fibers, including their strong heat and chemical resistance and expanding application in radiation protection. Other applications include electronics, which range from flexible cable insulation to usage as a high-temperature glue in the semiconductor industry. Non-loading structural components in aircraft, space vehicles, and weapon systems are also constructed using high-temperature polyimide fiber composites. All these are expected to foster market growth for Polyimide Fibers during the anticipated timeframe.

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Market Dynamics

Thriving Demand from the chemical industry to pave New Growth Opportunities for Polyimide Fibers

In the chemical industry, where hot gases are elaborate, polyimide fiber is used for filtration. Because it can operate at a wide range of temperatures and has high chemical resistance, it can be utilized as a superior alternative to traditional filters used in the chemical industry, which are prone to significant degradation and hence offer less operating efficiency. The use of polyimide fiber helps to the efficient performance of extreme processes and promotes the overall productivity of chemical plants. These aforementioned developments will boost the market growth in the future.

In a recent development, one of the leading chemical industry leaders, Evonik announced the introduction of its new polyimide fiber, P84 HT, in late-2019, in response to tremendous demand from numerous industries. Because of its enhanced mechanical stability and flexibility at constant high operating temperatures, the newly launched product has gained widespread acclaim. P84 HT fibers are typically developed to be utilized in a wide range of applications, ranging from filter media for high-temperature filtration to protective clothing and thermal insulation

Significant Traction for Polyimide Fibers as an Insulation Materials to Augment the Growth

Polyimide fiber sales have steadily expanded as space research initiatives and launches have advanced around the world. Growth in space launches necessitates the production of tons of materials and space shuttle components. Polyimide fiber is used as a potential material for multilayer insulations by all space shuttle manufacturers. The outer layer of the spacecraft is typically PI coated with a thin layer of aluminum. Furthermore, these fibers are utilized in astronaut spacesuits, which contributes to market expansion.

On the Other Hand, The increasing number of space launches requires a huge fleet of space vehicles. Space research organizations, such as NASA and ISRO, to mention a few, are constantly launching space shuttles into space. With the increased number of activities being launched throughout the world, there is a greater demand for lightweight, high-performance materials that can withstand extremely high temperatures. For Instance, In 2021, For the Artemis project, NASA chose SpaceX to create the commercial human lander. Due to their non-flammable and thermostable qualities, such missions may increase the demand for polyimide composite fibers for use as thermal insulating materials.

A handful of Players Threaten Future Market Prospects.

Polyimide fibers are commonly employed in the construction of dust filters due to the exceptional properties they possess. Furthermore, as industrial infrastructure develops, there is an increasing demand for filters. Because there are few providers on the market and the manufacturing process is difficult, these fibers are only used in environments that have specific requirements and minimal emissions. On the market, there aren't many rival products, and production is limited. Sudden changes in throughput or output from these companies hurt the entire value chain of polyimide fiber, which in some ways limits the expansion of the Polyimide market.

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Country-wise Insights

What is the Growth outlook for Polyimide Fibers in china?

China is the major economy for the polyimide films market owing to Innovation, rising household incomes, and price deflation, which have resulted in increased demand for consumer electronics items, contributing to the growth of the industry.

The Chinese Polyimide Fiber Industry has shown an exponential Growth rate of 6.8% in 2022 and the market is continuously showing spikes owing to the flourishing electronics industry. on the other hand, Favorable government policies, combined with large government expenditures, will spur growth in the electronics sector during the projection period. Such developments will drive increasing demand for polyimide fibers in the coming years.

What Is the Growth Outlook of the Polyimide Fibers Market in India?

India is profitably growing in the worldwide market for polyimide fibers. India is predicted to have a sizable market share in 2022 thanks to the positive forecast for the industry, with a growth rate of 6.2% for the polyimide fibers industry. Over the next several years, there will be a huge growth in demand for polyimide fibers as a result of the massive investments and capacity expansions made by the nation's chemical industry.

Due to the various space missions that organizations like ISRO are planning, polyimide fibers may be in great demand due to their low weight and adaptability over a broad temperature range. The market for filter media in this area has also grown tremendously as a result of the increased demand for utilities and electricity.

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Category-wise Insights

How is the Filter media Segment Flourishing in the Polyimide Market?

Filter Media is one of the key growth segments of the Polyimide Fibers market and is estimated to hold a 58.9% market share in 2022. Polyimide fibers are used with conventional filter media to improve filtration performance at a fraction of the cost. With its multi-global fiber structure, the fiber top layer provides greater surface area for excellent surface filtration and dust cake generation while maintaining high airflow and low-pressure drop across the medium. As a result, the filter medium is highly efficient and requires less energy and high capacity.

There has been an increase in the use of polyimide fibers for the manufacture of filter bags for the separation of flue gases in municipal solid waste incinerators. The advantage of using bags made from polyimide fibers is the high thermal stability and resistance to chemicals. Moreover, the multilobal cross-sectional area in these fibers also provides a higher specific area for filtration, thus accounting for the significant growth of the Filter Media Segment.

How does the Power & utility segment fair in the Polyimide Fibers market?

Based on end use, Power & Utilities is gaining traction in the market, The Power & utility industry is estimated to utilize 44.7% of the Polyimide Fibers produced globally. owing to significant favorable applications, followed by construction. Polyimide fiber-based dust filters are one of the demanding products in numerous power plants such as waste-to-energy plants, Coal-fired boilers, and wood-fired boilers.

Competitive Landscape

Market To fulfill the rising demands of end consumers, players are investing money all over the world to increase their Polymide Fiber production capacity. The numerous technology advancements and the major competitors' increasing efforts to expand through mergers, strategic alliances, and partnerships have created a wide range of market Toes. In order to keep one step ahead of the competition, players are working exceptionally hard to develop and execute cutting-edge technological innovations. The market for Polyimide fiber has a huge potential for expansion globally in the years to come, according to all of these advancements.

For instance,

In 2019, The P84 HT polyimide fiber, which offers improved mechanical stability and flexibility at consistently high operating temperatures, was recently introduced by Evonik AG. In contrast to the aforementioned characteristics, P84 HT Fibers are frequently created to be used in a variety of applications, from thermal insulation and protective gear to filter media for high-temperature filtration.

Scope of Report

Attribute Details

Forecast Period

2023-2033

Historical Data Available for

2016-2022

Market Analysis

  • USD Million for Value
  • Tons for Volume

Key Countries Covered

  • U.S.
  • Canada
  • Brazil
  • Mexico
  • Germany
  • Italy
  • France
  • U.K.
  • Spain
  • BENELUX
  • Russia
  • China
  • Japan
  • South Korea
  • India
  • ASEAN
  • ANZ
  • GCC Countries
  • Turkey
  • Northern Africa
  • South Africa

Key Segments Covered

  • Application
  • End-Use
  • 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
  • PPG Industries, Inc.
  • Jotun

Report Coverage

  • Market Forecast
  • Company Share Analysis
  • Competition Intelligence
  • DROT Analysis
  • Market Dynamics and Challenges
  • Strategic Growth Initiatives

Customization & Pricing

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Polyimide Fibers Market Segmentation

By Application, the Polyimide Fibers market is segmented as:

  • Filter Media
  • Protective Clothing
  • Insulation Materials
  • Others

By End-Use, the Polyimide Fibers market is segmented as:

  • Construction
  • Power & Utilities
  • Electronics
  • Aerospace
  • Chemical & Processing
  • Mining
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa

- Companies Covered in This Report -

  • 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
  • PPG Industries, Inc.
  • Jotun

- Frequently Asked Questions -

The global market of Polyimide Fibers is estimated to reach a valuation of US$ 328.5 Mn in 2023.

The Polyimide Fibers demand is anticipated to witness a growth rate of 5.0% over the forecast period of 2023 and 2033 in terms of value.

According to PMR analysis, 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, PPG Industries, Inc., Jotun, and others are identified as the key manufacturers in the Polyimide Fibers market.

Key players in the global Polyimide Fibers market are expected to account for about 55-60% of the overall market share.

The top countries driving the global Polyimide Fibers demand are the U.S., Germany,  and Australia.

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