Polyimide Fibers Consumption Boosted by Pandemic-driven Demand from Protective Clothing

There has been substantial development in production of high-performance polyimide fibers used for various range of applications. This would open up a plethora of prospects for polyimide fiber manufacturers in the power industry and protective apparels, accelerating market growth. There has been substantial development in production of high-performance polyimide fibers used for various range of applications. This would open up a plethora of prospects for polyimide fiber manufacturers in the...

There has been substantial development in production of high-performance polyimide fibers used for various range of applications. This would open up a plethora of prospects for polyimide fiber manufacturers in the power industry and protective apparels, accelerating market growth.

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Key Takeaways from Market Study

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"Growing Industrialization coupled with significant growth in end-use sectors such as chemicals & textile industry, especially in developing economies worldwide, are expected to drive demand for polyimide fiber," says a Persistence Market Research analyst.

Competitive Landscape

The global polyimide fibers market has been identified as a significantly consolidated market due to the presence of a limited number of players. Some leading players included in the report, such as Evonik Industries AG, Jiangsu Shino New Materials Technology Co., Ltd, Jiangsu Aoshen Hi Material Co. Ltd, Changchun Hipolyking Co., Ltd., and Ningbo Yide Fine Chemical Co., Ltd., are anticipated to create tough a competitive environment at the global level.

Conclusion

The global polyimide fibers market is expected to grow substantially owing to favorable government mandates in emerging countries bolstering their support for the polyimide industry by putting more focus on the sector and boosting investments in the research & development of polyimide fibers.

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Steady increase in demand for protective clothing and insulting materials in developing countries such as China, India, and ASEAN is a major key market driver.

Furthermore, improved polyimide fiber production processes have been witnessed in recent years, which is another factor expected to boost market expansion in the near future.

More Valuable Insights

Persistence Market Research, a research and consulting firm, has published a market research report on the polyimide fibers market that contains global industry analysis of 2016–2020 and forecast for 2021–2031. The report provides in-depth analysis of the market through different segments, namely, application, end use, and region. The report also provides supply and demand trends, along with an overview of the parent market.

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