Polyimide Fibers Market Top Scenario, SWOT Analysis, Business Overview, Forecast 2031

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A comprehensive analysis on the Polyimide Fibers market by 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. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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.

Newly released data for polyimide fibers market analysis shows that global demand of overall protective clothing application is expected to rise at 3.6% in 2021 to total 2,410 Tons. The sales of polyimide fibers in the construction sector is expected to grow by 4.1% to reach 2,059 Tons.

Demand in protective clothing segment will therefore increase at a rapid pace. Protective clothing has gained 420 basis points from 2016 to 2021.

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

Key Takeaways from Polyimide Fibers Market Study

  • Global polyimide fibers market is expected to reach a valuation of US$ 486.6 Mn by the end of the forecast period, 2031.
  • Protective clothing will remain the dominant segment in terms of applications in the polyimide fiber market.
  • The U.S. will account for maximum polyimide fiber sales in North America.
  • The extraordinary growth in chemical industry of Asia Pacific is augmenting the sales of polyimide in the region.
  • China will emerge as one of the leading exporters of polyimide fibers. The China market is forecast to exhibit growth at 6.7% CAGR through the forecast period

Polyimide Fibers Market: Participant Insights

According to the Market Research analysis, 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 identified as key players in the Polyimide Fibers market.

Among these companies 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 have emerged dominant. They are expected to account for maximum sales of polyimide through 2031.

Read Full Report – https://www.futuremarketinsights.com/reports/polyimide-fibers-market

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