Polybenzimidazole Fiber Market is set to grow with a CAGR of 7.2% during the forecast To 2025

According to a new market report published by Credence Research “Global Polybenzimidazole Fiber Market — Growth, Future Prospects, and Competitive Analysis, 2017–2025,” the Polybenzimidazole Fiber market is expected to expand at a CAGR of 7.2% from 2017 to 2025. The growing use of PBI fiber as flame retardant fabrics in automotive and aerospace applications is driving the market to a great extent.

Market Insights

Polybenzimidazole is defined as a high-performance polymer with high thermal stability and is widely available in forms such as fibers, resins, and composites. Polybenzimidazole fiber is a synthetic fiber that retains its flexibility, dimensional stability, and strength at extremely high temperatures and in applications requiring high wear and strength. These fibers are widely utilized in applications such as high heat insulator bushings, valve seats and electrical connectors in aircraft engines, thus driving the market growth. High wear resistance, the capability of carrying loads and retention of electrical properties at high temperatures have surged its application among the electronic sector. Feature of ultrasonic transparency exhibited by these fibers makes it an ideal choice in probe tip lenses in ultrasonic measuring equipment.

Browse Full Report Originally Published by Credence Research at https://www.credenceresearch.com/report/polybenzimidazole-fiber-market

The market is witnessing significant growth owing to its high flame and heat resistance characteristics which allow it to hold the strength and remain flexible even after exposure to high temperatures. PBI fibers are witnessing great demand in high-temperature protective apparel such as space suits, industrial gloves, welder’s apparel, etc. Additionally, PBI witnesses massive applications in the manufacture of fuel cell membranes in batteries. Sulfonated PBI fibers are dipped in an acidic solution where fibers of fabric swollen, leading to drying of fabric and formation of ultra-fine fibers. These fibers are categorized by exceptional electrochemical and mechanical properties, thus enhancing battery performance.

Competitive Insights

The polybenzimidazole fiber market is defined as one of the greatest innovations of the high-performance fiber industry as a synthetic fiber and is characterized by the presence of limited key players. Moreover, key players are involved in strengthening their partnership across the value chain by motivating distributors by turning their attention over monetary requirements. Furthermore, the market is in developing stage categorized by low power of backward integration as high-performance fire-resistant apparel manufacturers will not manufacture PBI fibers themselves.

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Major Key players present in the market include Atkins & Pearce, Bally Ribbon Mills (BRM), TenCate Protective Fabrics, PBI Performance Products, Dupont, Celanese Corporation and other notable players.

Key Trends

  • Increasing demand for Polybenzimidazole fiber in the aerospace industry.
  • Rising demand for PBI fibers in the renewable energy sector.
  • The Asia Pacific offers major market growth potential.

Market Segmentation

By Type

  • Filament
  • Staple Fiber
  • Chopped

By Application Type

  • Aerospace and Defense
  • Chemical
  • Medical
  • Automobiles
  • Textiles
  • Others (Industrial Uses and Energy)

By Geography Segment Type

  • North America (the U.S., Rest of North America)
  • Europe (U.K., Germany, France, Rest of Europe)
  • Asia Pacific (China, Japan, India, Rest of Asia Pacific)
  • Rest of the World (the Middle East & Africa, Latin America)

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Medium Blog: Polybenzimidazole Fiber Market