As applications in the power, utilities and construction industries continue to increase, the demand for polyimide fibers will grow at a compound annual growth rate of 4.9%

Time:2021-11-08 01:51:51

     According to a new research report published by Future Market Insights (FMI), between 2021 and 2031, the demand for polyimide fiber will increase by 4.9%.The compound annual growth rate of growth.
      The increasing use of polyimide fibers in filter media, protective clothing and insulating materials will drive market sales. Due to its excellent heat resistance and flame retardancy, polyimide fibers are expected to be favored in various industries.
      Polyimide fiber is widely used in the manufacture of military clothing, firefighting clothing, industrial protective equipment, etc. However, due to the concentration of technical knowledge and the scarcity of manufacturers, the limited availability of products and the complexity of the manufacturing process limit the promotion opportunities of its applications.
      This research report further states:
1. It is estimated that by the end of the forecast period in 2031, the global polyimide fiber market will be valued at USD 486.6 million.
2. As far as the application of polyimide fiber market is concerned, protective clothing will still be the dominant part.
3. The United States will account for a larger share of North American polyimide fiber sales.
4. The extraordinary growth of the chemical industry in the Asia-Pacific region is increasing the sales of polyimide in the region.
5. China will become one of the main exporters of polyimide fiber. The Chinese market is expected to grow at a compound annual growth rate of 6.7% during the forecast period.
     Jiangsu Shino New Material Technology Co., Ltd. was established in 2013, located at No. 5-2 Lingxiang Road, Gehu Farm, Wujin Economic Development Zone, Changzhou City, Jiangsu Province. It is a company specializing in the research and development, production and sales of polyimide fibers and related products high-tech enterprises. It has built one ten-ton and two hundred-ton high-performance polyimide fiber production lines, as well as a variety of testing and characterization instruments and post-processing equipment. The company’s core technology product, high-strength and high-modulus polyimide fiber, has now formed a series of products with various specifications. As a high-performance organic fiber with completely independent intellectual property rights, it passed the scientific and technological achievement appraisal in 2016 and is at a high level in the world. The product fills the gap in the market, and takes the lead in completing the formulation of the national standard for "High Strength and High Modulus Polyimide Filament" in 2020. The company has more than 20 authorized patents at home and abroad, and has completely independent intellectual property rights. In recent years, it has undertaken a number of national, provincial and ministerial-level science and technology projects, and has a research and development team composed of multiple doctors and masters. The research and development strength is strong, which helps the company's innovation and development.