Global Polybenzimidazole Fiber Market Overview:
“The global Polybenzimidazole Fiber Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
Polybenzimidazole (PBI) fiber is a synthetic fiber with high chemical and thermal stability. It is widely used to fabricate protective apparel such as astronaut spacesuits, welder’s apparel, firefighter's gear, high-temperature protective gloves, and aircraft wall fabrics.
Polybenzimidazole fiber is prepared by the condensation reaction of 3,3’,4,4’-tetraaminodiphenyl, and diphenyl isophthalate. The polymerization and high-temperature dry-spinning process further process it in order to achieve desired mechanical properties and produce PBI staple fiber using conventional cutting and crimping techniques.
Global Polybenzimidazole Fiber Market: Dynamics
Increasing industrialization, coupled with growing automotive and aerospace & defense industries, increasing demand for polybenzimidazole fibers in textile and energy sector are major factors expected to fuel growth of the polybenzimidazole fiber market in years to come.
Additionally, increasing government initiatives and investments in various industries such as aerospace & defense is another factor projected to drive revenue growth of the target market. Moreover, increasing demand for polybenzimidazole fibers in industrial and medical sectors owing to its various properties is a factor expected to support growth of the global polybenzimidazole fiber market.
However, high production cost of polybenzimidazole fiber is a factor which may hamper growth of the polybenzimidazole fiber market.
Increasing adoption of PBI fiber as a membrane for ultrafiltration, electrodialysis owing to its properties such as very low gas permeability, rigid structure, and strong hydrogen bonding is a factor expected to create revenue opportunity for manufacturers operating in the target market. Increasing demand for PBI fiber as PBI membrane and in protective apparels is an ongoing trend observed in the target market.
Global Polybenzimidazole Fiber Market: Segment Analysis
Among the type segments, the PBI staple fiber segment is projected to register significant revenue share in the target market, owing to its various properties. Among the application segments, the automotive segment is expected to account for major revenue share in the target market in the next coming years, followed by aerospace & defense segment. Increasing demand for PBI fiber in manufacturing of various parts such as electrical connectors, high heat insulator bushings, valve seats, etc. is a factor driving growth of the target market.
Global Polybenzimidazole Fiber Market: Region Analysis
The PBI fiber market in North America is estimated to account for significant revenue share, and is projected to dominate in the global polybenzimidazole fiber market in the next 10 years. Increasing demand for polybenzimidazole fibers in aerospace & defense, automotive, and medical sectors owing to its various properties is a factor expected to drive growth of the target market in the North America region.
The market in Asia Pacific is projected to grow at a significant CAGR in the next coming years. This is attributable to rapid industrialization, increasing textile and automotive industries, and government initiatives and funding in countries such as China and India.
Global Polybenzimidazole Fiber Market Segmentation:
Segmentation on the Basis of Type:
- PBI Filament
- PBI Staple Fiber
Segmentation on the Basis of Application:
- Aerospace & Defense
- Others (Industrial, Chemical, and Petrochemical)
Segmentation based on Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Atkins & Pearce, Inc.
- Bally Ribbon Mills Inc.
- Mitsubishi Chemical Advanced Materials
- PBI Performance Products, Inc.
- PBI Advanced Materials Co., Ltd.
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