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. Growing use of PBI fiber as flame retardant fabrics in automotive and aerospace applications is driving the market to a great extent.
The purpose of the report is to illustrate the state of the market of Polybenzimidazole Fiber, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.
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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 which retains its flexibility, dimensional stability and strength at extreme 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, capability of carrying loads and retention of electrical properties at high temperatures has surged its application among electronic sector. Feature of ultrasonic transparency exhibited by these fibers make it an ideal choice in probe tip lenses in ultrasonic measuring equipment.
The market is witnessing significant growth owing to its high flame and heat resistance characteristics which allow it to hold strength and remain flexible even after exposure to high temperatures. PBI fibers is witnessing great demand in high temperature protective apparel such as space suits, industrial gloves, welder’s apparel, etc. Additionally, PBI witnesses massive applications in manufacture of fuel cell membranes in batteries. Sulfonated PBI fibers are dipped in acidic solution where fibers of fabric swollen, leading to drying of fabric and formation of ultra-fine fibers. These fibers are categorized by the exceptional electrochemical and mechanical properties, thus enhancing the battery performance.
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, market is in developing stage categorized by a low power of backward integration as high performance fire resistant apparel manufacturers will not manufacture PBI fibers themselves. 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.
Why was the report written?
This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Polybenzimidazole Fiber buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.
What is the current market landscape and what is changing?
Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.
The report on the market of Polybenzimidazole Fiber contains:
Analysis and forecast of Polybenzimidazole Fiber market dynamics;
Analysis of domestic production, market shares of the main market players;
Analysis of exports and imports;
Analysis of factors, leading the development of the Polybenzimidazole Fiber market;
Assessment and forecast of Polybenzimidazole Fiber market development;
Financial and business profiles of the leading companies in the Polybenzimidazole Fiber industry.
– Up to date working Polybenzimidazole Fiber data by major regions in the world, the forecast of planned capacity additions by 2026
– The annual breakdown of capital expenditure spending on proposed Polybenzimidazole Fiber for the period 2018 to 2026
– Planned Polybenzimidazole Fiber additions and capital expenditure spending by key countries and companies across the world
– Planned capital expenditure spending on new Polybenzimidazole Fiber projects by region, key countries, and companies
– Details of major planned Polybenzimidazole Fiber projects in the world up to 2026
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