Polyimide Fibers Market

Polyimide Fibers Market Snapshot (2023 to 2033)

The polyimide fibers market is poised to generate revenue, surpassing USD 517.5 million in 2023. Between 2023 and 2033, the market is forecasted to exhibit a compound annual growth rate (CAGR) of 5.4%. Future Market Insights (FMI) predicts the global polyimide fibers market to register 4% year-on-year growth in 2023.

What Factors are Supporting Polyimide Fibers Sales Growth?

According to the latest market study by Future Market Insights, during the historical assessment period of 2018 to 2022, the global polyimide fibers industry witnessed a growth rate of 3.5%.

The polyimide fibers market has seen remarkable demand growth due to shifting consumer preference toward eco-friendly products and the growing trend of sustainability among manufacturers.

Various stringent regulations imposed by regional governments and environmental regulatory bodies are expected to increase demand in the waste-to-energy generation industry. It is expected to elevate the demand for polyimide fibers during the forecast period.

Polyimide fibers are employed in the production of dust filters due to the exceptional properties they inherit. Furthermore, as industrial infrastructure becomes sophisticated, the demand for filters is projected to rise. Because of the limited number of vendors in the market and the complicated manufacturing process, these fibers are used across diverse industries as they aim to lower their carbon emissions.

What are the Key Opportunities for Polyimide Fibers Manufacturers?

Polyimide fibers were mainly used in the manufacturing of filter bags which are used in the separation of flue gasses in various municipal solid waste incineration. Owing to their excellent heat resistance and flame retardation capacity, polyimide fiber application is increasing across diverse industries.

Protective clothing is one of them which is getting remarkable traction. Similarly, various research and development activities in the field of polyimide fibers are expected to uncover the scope for applications of polyimide fibers during the forecast period.

Attributes	Details
Polyimide Fibers Market Size in 2022	USD 490.5 million
Polyimide Fibers Market Size in 2033	USD 569.5 million
Polyimide Fibers Market CAGR (2023 to 2033)	5.4%

2018 to 2022 Polyimide Fibers Market Outlook Compared to 2023 to 2033 Forecast

Newly released data for polyimide fibers market analysis shows that global demand for overall protective clothing applications is expected to rise at 3.6% in 2023 to a total of 2,410 tons. The sales of polyimide fibers in the construction sector are projected to expand by 4.1% to reach 2,059 tons.

The use of polyimide fibers in the manufacturing of protective clothing is increasing at a substantial rate owing to their excellent flame-retardant capacity. Nowadays, polyimide fibers are extensively used in the manufacturing of protective clothing such as the outer shell of suits in the army, jackets of firefighters, industrial driving protective gear, and others.

Demand in the protective clothing segment is estimated to therefore increase at a significant pace. Protective clothing has gained 420 basis points from 2018 to 2022.

The development in the number of space research activities and space launches across the globe has been consistently augmenting the sales of polyimide fibers. An increase in the number of space launches requires tons of materials and components for the manufacturing of rockets and space shuttles.

As per various space research organizations such as NASA, ISRO, and others, the number of space launches is expected to increase substantially during the forecast period. It is in turn expected to create a huge demand for lightweight, high-performance materials that can withstand extremely high temperatures.

Polyimide fibers due to their excellent heat resistance property are used for multilayer insulations of space shuttles, and astronaut space suits which are expected to elevate the demand during the forecast period. Owing to the aforementioned factors, the market for polyimide fibers is anticipated to expand at a CAGR of 5.4% from 2023 to 2033.

Country-wise Insights

Why is the Demand for Polyimide Fibers High in the United States?

In 2023, the United States polyimide fibers market is expected to witness 4.5% growth year on year, bucking initial skepticism about how the market might perform during a global pandemic. Across the whole of North America, the total demand for polyimide fibers is expected to reach a total of 1,558 tons.

The presence of various space organizations such as NASA and their extensive future planning to launch various space shuttles are expected to create demand for the usage of polyimide fibers. This in turn pushes the market value in the United States during the forecast period.

What is the Expected Growth Rate for Polyimide Fibers Market in China?

China is one of the leading markets for polyimide fibers. China’s polyimide fibers market is expected to witness a year-over-year (Y-o-Y) growth rate of 5.9% in 2023 and elevating market value to attain USD 100 million by 2023 end.

The protective clothing segment in China is expanding at a remarkable rate. The demand for polyimide fibers is expected to increase due to their increasing application in the protective gear used to control the further spread of novel coronavirus.

At What Rate is Germany Polyimide Fibers Market Estimated to Grow?

Germany currently holds dominance in Europe’s polyimide fibers market. The country is expected to account for almost 30% of the revenue generated from sales of polyimide fibers across Europe.

According to the World Energy Council, the global waste-to-energy market was valued at USD 25.32 billion in 2013. The increasing demand for waste-to-energy technologies based on thermal energy conversion might enable growth in Europe market.

Europe accounted for 45% of the global waste-to-energy market. Owing to such a vast waste-to-energy generation capacity of the region, manufacturers are readily investing and expanding their footprint in Germany and other countries across the region.

Category-wise Insights

Which is the Primary Application of Polyimide Fibers?

Based on application, filter media is the leading consumer of polyimide fibers, accounting for 60% of the overall production of polyimide fibers globally.

Research and development activities undertaken over the last few years are opening novel scope for applications of polyimide fibers. Owing to its flame retardant and excellent heat resistance capacity, polyimide fibers are extensively used in the manufacturing of jackets for firefighters, outer covers for the army, and industrial protective gear.

Which is the Highest Grossing End User of Polyimide Fibers?

As per the latest market study by Future Market Insights on the global polyimide fibers market, power utilities is the high-grossing end user of polyimide fibers. The power & utilities segment is estimated to attain a value of USD 250 million by the end of the forecast period with a notable growth rate of 5.4% over the forecast period.

Competitive Landscape

The majority of companies discussed in the report have focused on 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 of bladder fabric which is made up of Suplon. Furthermore, the hi-tech fabric has been applied in the China Police Forest protection clothing bladder.
• In November 2015, to standardize the product quality of enterprises, improve the expressiveness of products, and participate in product competition, Jiangsu Xiannuo New Material Technology Co., Ltd. formulated the "High Strength and High Modulus Polyimide Fiber", based on fully listening to the needs of relevant quality inspection units and consumers.
• In 2019, Evonik AG announced the launch of its new polyimide fiber named P84 HT. This newly presented product has increased mechanical stability and flexibility at continually high working temperatures. Instead of the aforementioned qualities, P84 HT Fibers are generally created to be employed in a wide variety of applications ranging from filter media for high-temperature filtration to thermal insulation and protective apparel.
• Solvay, a global market leader in specialized materials, launched KetaSpire® KT-857, a novel polyetheretherketone (PEEK) extrusion substance formulated specifically for copper magnet wiring insulation in electric motors, in May 2023.
• Kolon Industries, a South Korean chemical business, collaborated with SKC in April 2022 to supply polyimide sheets to Taiwan's Asus for its folding notebook, Zenbook 17-Fold OLED. The businesses consented to provide PI to the Chinese display panel producer BOE in exchange for assistance in the creation of Asus's product.

Similarly, recent developments related to companies manufacturing Polyimide Fibers have been tracked by the team at Future Market Insights, which are available in the full report.

Scope of Report

Attribute	Details
Forecast Period	2023 to 2033
Historical Data Available for	2018 to 2022
Market Analysis	USD million for Value and Tons for Volume
Key Regions Covered	North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; The Middle East and Africa
Key Countries Covered	The United State, Canada, Germany, the United Kingdom, France, Italy, Spain, Russia, Poland, BENELUX, China, Japan, India, ASEAN, Oceania
Key Segments Covered	Application, End Use, and 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
Report Coverage	Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing	Available upon Request

Polyimide Fibers Market Segmentation by Category

By Application:

• Filter Media
• Protective Clothing
• Insulation Material
• Others

By End Use:

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

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• South Asia and the Pacific
• East Asia
• The Middle East and Africa

Frequently Asked Questions

What is Current Market Valuation?

The market is estimated to secure a valuation of USD 517.5 million in 2023.

How Big will be the Market by 2033?

The market is estimated to reach USD 569.5 million by 2033.

What is the Growth Potential of the Market?

Through 2033, the market is anticipated to expand at a 5.4% CAGR.

What Boosts the Growth Potential of the Market?

Sales have been steadily enhancing as the array of space research projects.

Which Application Segment to Grab a Significant Share in the Market by 2023?

According to application, filter media has 60% of the market share.

Which End User Is Anticipated to Gain Momentum in the Market?

The power and utilities category is going to experience a relevant CAGR of 5.4%.