Polyimide Fibers Industry Size, Share, Demand & Growth by 2033
2023, the polyimide fibers industry is projected to generate revenue exceeding US$ 517.5
million. The market is expected to develop at a compound annual growth rate (CAGR) of
5.4% between 2023 and 2033.
Polyimide fibers are increasingly used in the manufacture of protective apparel due to their
outstanding flame-retardant potential. Polyimide fibers are now widely utilized in the
production of protective equipment, such as the outer shell of army uniforms, firefighters’
jackets, industrial protective gear, and others.
The increase in the number of space research activities and space launches throughout the
world has continually boosted polyimide fiber sales. Growth in the number of space launches
necessitates the production of tones of materials and components for rockets and space
shuttles.
According to NASA, ISRO, and other space research organizations, several space launches
are expected to increase significantly during the forecast period, creating a huge demand for
portable, superior materials that can withstand high temperatures. Moreover,
polyimide fibers are employed for multilayer insulations of space shuttles and astronaut space
suits due to their outstanding heat resistance property, which is projected to drive demand
throughout the forecast period.
The existence of numerous space organizations such as NASA, as well as their substantial
plans to launch various space shuttles, are projected to drive demand for polyimide fibers. As
a result, the market value in the United States is estimated to rise during the projection period.
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Key Takeaways

In the last five years, the market has expanded at a CAGR of 3.5%.

In 2023, the United States polyimide fibers market is predicted to rise 4.5% year on
year, with Germany accounting for about 30% of the income earned by
polyimide fiber sales in Europe.

Filter media is the large user of polyimide fibers by application, accounting for 60%
of total polyimide fiber output globally.

The power & utilities segment is expected to be worth US$ 250 million by the end of
the forecast period.
Competitive Landscape
The key players have focused on increasing their manufacturing units in their respective
regions. Innovation, cooperation with important actors, partnerships, strategic alliances, and
the strengthening of regional and worldwide distribution networks are examples of strategies.
Among the significant developments are:

In May 2023, Solvay, a global market leader in specialized materials,
introduced KetaSpire® KT-857, a revolutionary polyetheretherketone (PEEK)
extrusion substance designed exclusively for copper magnet wiring insulation in
electric motors.

In April 2022, Kolon Industries, a chemical company in South Korea, partnered with
SKC to supply polyimide sheets to Taiwan’s Asus for its folding notebook, Zenbook
17-Fold OLED. In exchange for support in the development of Asus’s device, the
companies agreed to supply PI to the Chinese display panel manufacturer BOE.
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