Polyimide Fibers Market By Application(Filter Media, Protective Clothing, Insulation Material), End Use(Construction, Power & Utilities, Chemical & Processing), & Region - Forecast 2021 - 2031
According to latest study by Future Market Insights (FMI), the demand for polyimide fibers will increase at 4.9% CAGR between 2021 and 2031.
Increasing use of polyimide fibers in filter media, protective clothing, and insulation materials will drive sales in the market. Owing to its excellent heat resistance and flame retardant capacity, polyimide fibers application is expected to increase across diverse industries.
Polyimide fibers are extensively used in manufacturing of protective clothing such as outer shell of suits in the army, jackets of fire fighters, and industrial protective gears. Considering this, FMI has identified application in protective clothing to account for maximum sales in the market through the forecast period.
However, limited availability of the product and complexity in manufacturing process owing to concentration of technology know how with few players is restraining the growth opportunities.
Key Takeaways from Polyimide Fibers Market Study
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Key Drivers
Key Restraints
Competitive Landscape
As per FMI, top market players in the global market are Jiangsu Aoshen Hi Material Co., Ningbo Yide fine Chemical Co., Ltd, Evonik Industries AG, Changchun Hipolyking Co., Ltd., and Jiangsu Shino New Materials Technology Co., Ltd are. These leading companies are estimated to account for nearly 60% of sales through 2021.
Key players are emphasizing to launching innovative products to expand their market share. Some of the manufacturers are focusing on adopting strategies such as partnerships, strategic alliances, collaboration, and acquisition to strengthen their regional and global distribution networks. For instance,
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Some of the key players operating in the market profiled by FMI are:
More Valuable Insights on Polyimide Fibers Market
FMI, in its new report, offers an unbiased analysis of the global polyimide fibers market, analyzing forecast statistics through 2021 and beyond. The survey reveals growth projections on in polyimide fibers market with detailed segmentation:
By Application:
By End Use:
By Region:
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
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Aug 25, 2022