NEW YORK, Aug. 3, 2021 /PRNewswire/ -- As per Persistence
Market Research, the global polyimide fibers market is
expected to increase at a healthy CAGR of around 5% over the
forecast period of 2021-2031.
Significant demand from application in protective clothing in
this COVID-19 infection outbreak, filter media for high temperature
filtration, and industrial insulation materials are major factors
driving demand for polyimide fibers.
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.
Request for sample PDF of report:
https://www.persistencemarketresearch.com/samples/4601
Key Takeaways from Market Study
- Owing to various properties of polyimide fibers such as
excellent flame retardant characteristics, good chemical
resistance, and great mechanical strength, there has been major
rise in its demand for application in the production of protective
clothing such as outer shells of suits and jackets for firefighters
and the military.
- Government mandates to reduce particle emissions from various
industries combined with growing cement & mining industries are
aiding demand growth for polyimide fibers.
- China is one of the largest
markets for polyimide fibers owing to the large consumer base of
power generation and construction. China is projected to lead global demand for
polyimide fibers through 2031.
- Filter media is one of the most lucrative segments for
polyimide fibers. Factors such as substantial expansion of waste to
energy production industry and rising government initiatives for
environmental protection have stimulated consumption of polyimide
fibers in filter media applications.
- Increasing number of space exploratory missions in regions such
as India and the U.S. is expected
to bolster demand for polyimide fibers as insulating materials used
in space craft and spacesuits.
- Robust growth in demand for polyimide fibers is expected to be
witnessed across Asia Pacific.
Booming chemical industry in the region and expansion of the
electronics sector are expected to drive demand for polyimide
fibers.
To know more about report ask an expert:
https://www.persistencemarketresearch.com/ask-an-expert/4601
"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.
Get full access of report:
https://www.persistencemarketresearch.com/checkout/4601
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.
Related Reports:
- Silica Fibers Market
- High Performance Fibers Market
- Polybenzoxazole Fibers Market
- Synthetic Fibers Market
- Cellulose Acetate Fibers Market
- Polyamideimide Fibers Market
- Animal and Plant Fibers Market
About Persistence Market Research:
Persistence Market Research (PMR), as a 3rd-party research
organization, does operate through an exclusive amalgamation of
market research and data analytics for helping businesses ride
high, irrespective of the turbulence faced on the account of
financial/natural crunches.
Overview:
Persistence Market Research is always way ahead of its time. In
other words, it tables market solutions by stepping into the
companies'/clients' shoes much before they themselves have a sneak
pick into the market. The pro-active approach followed by experts
at Persistence Market Research helps companies/clients lay their
hands on techno-commercial insights beforehand, so that the
subsequent course of action could be simplified on their part.
Contact
Rajendra Singh
Persistence Market Research
U.S. Sales Office:
305 Broadway, 7th Floor
New York City, NY 10007
+1-646-568-7751
United States
USA - Canada Toll-Free:
800-961-0353
Email: sales@persistencemarketresearch.com
Visit Our
Website: https://www.persistencemarketresearch.com
Logo:
https://mma.prnewswire.com/media/661339/Persistence_Market_Research_Logo.jpg