The expansion of the garment industry is estimated to drive the sales growth in the polyimide fibers market. Polyimide fibers are being utilized in the textile industry owing to their varied advantages including their ability to provide high protection to clothing. Based on type, there are two types of products available in the market for polyimide fibers, namely, wet spinning and dry spinning.
An assessment by Transparency Market Research (TMR) delivers panoramic view of the global polyimide fibers market. Hence, this study shares thorough knowledge on different factors such as the growth drivers, R&Ds, challenges, expansion opportunities, regional analysis, and competition landscape of the market for polyimide fibers. Moreover, this study provides access to several key statistics such as the revenues, production, sales, and share of the global polyimide fibers market.
Rise in Demand for Protective Clothing Fuels Sales Opportunities in Polyimide Fibers Market
Owing to flame retardant capacity, polyimide fibers are increasingly utilized in the textile industry. Rise in the product use in the manufacturing of protective clothing including protective suits, industrial protective gears, jackets of the army, and fire fighters is fueling the sales growth in the global polyimide fibers market. Moreover, the market for polyimide fibers is being driven by a rise in the use of flame retardant clothing in different end-use sectors such as electronics, textiles, construction, space, and chemical & processing.
Surge in Demand for Space Shuttles and Astronaut Space Suits Fuels Market Expansion
Polyimide fibers find application in the manufacturing of multilayer insulations of space shuttles and astronaut space suits due to their outstanding heat resistance properties. Hence, the global polyimide fibers market is projected to gain lucrative prospects due to rising demand for space shuttles and astronaut space suits.
Some of the key players operating in the global polyimide fibers market include Jiangsu Aoshen Hi Material Co., Evonik Industries AG, BIEGLO GmbH, Teijin, Swicofil AG, Baoding Sanyuan Textile Technology Co. Ltd., Lirsot Ltd., Bannor Industrial Co., Ltd., Shanghai Easun Group Imp & Exp Co., Ltd., Ningbo Yide fine Chemical Co., Ltd., and Xiamen Meidasi Environmental Protection Industry Co. Ltd.
The presence of many companies makes the competition landscape of the polyimide fibers market highly intense. As a result, players in the market for polyimide fibers are utilizing different strategies in order to maintain leading positions. For instance, many enterprises in the polyimide fibers market are increasing investments in R&Ds in order to improve the quality of the products they offer. In addition, companies in the market for polyimide fibers are focusing on the launch of innovative products. Such efforts are propelling the polyimide fibers market.
Players in the polyimide fibers market are focused on their regional expansions. Hence, they are seen increasing participation in strategies such as mergers, acquisitions, partnerships, collaborations, and joint ventures. Such factors are shaping the growth curve of the global polyimide fibers market.
Asia pacific: Prominent Region in Polyimide Fibers Market
On the basis of region, the polyimide fibers market is divided into many sections such as Europe, Asia Pacific, North America, Middle East & Africa, and Latin America. Among all, Asia Pacific is one of the prominent regions for players in the polyimide fibers market.
The Asia Pacific polyimide fibers market is prognosticated to gain lucrative prospects in the upcoming years owing to many factors such the existence of several manufacturing organizations in countries such as Japan, India China. Moreover, rise in the use of protective flame retardant clothing is expected to fuel the growth prospects in the regional market.