Global Polybenzimidazole Market, By Type (Filament, Staple Fiber, Chopped), Application (Aerospace and Defense, Automotive, Fire Department, Energy, Industrial), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Polybenzimidazole Market
The polybenzimidazole market is expected to witness market growth at a rate of 3.40% in the forecast period of 2021 to 2028. Data Bridge Market Research report on polybenzimidazole market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The growing automotive and aerospace and defense industries is escalating the growth of polybenzimidazole market.
Polybenzimidazole (PBI) fiber refers to a synthetic fiber with high chemical and thermal stability. The fiber is extensively utilized to fabricate protective apparels such as firefighter's gear, high-temperature protective gloves, astronaut space suits, welder’s apparel and aircraft wall fabrics. The product is prepared by condensation reaction of 3,3’,4,4’-tetraaminodiphenyl and diphenyl isophthalate. It is further processed by polymerization and high temperature dry-spinning process with the purpose of achieving desired mechanical properties and produce PBI staple fiber with the use of conventional cutting and crimping techniques.
The rise in the demand of PBI as it does not exhibit any melting point and retains strength even when exposed to high temperature of 560C and demand for PBI fiber from manufacture of protective apparel such as protective gloves, astronaut space suits, welders’ apparel and fire fighter suits because of high thermal and chemical stability are the major factors driving the polybenzimidazole market. The increase in demand for safety apparel, typically in aerospace and defense industry, rise in the number of research activities and mergers and acquisitions and growing demand for PBI fiber based space suits as they display properties such as lack of melting point, inflammability, high strength and resistance to mildew, abrasion and chemicals. The increasing use in various other applications such as membrane of fuel cells and plastic reinforcements and increasing adoption of PBI fiber as a membrane for ultrafiltration, electrodialysis because of its properties such as very low gas permeability, rigid structure and strong hydrogen bonding influences polybenzimidazole market. Additionally, investments in research and development activities, expansion of manufacturing industries and high demand for various end user industries positively affect the polybenzimidazole market. Furthermore, research and development projects and innovations in products extend profitable opportunities to the polybenzimidazole market players in the forecast period of 2021 to 2028.
On the other hand, high production cost of polybenzimidazole fiber when compared to synthetic fibers is expected to obstruct the polybenzimidazole market growth. The negative impact of COVID-19 on the manufacturing industries is projected to challenge the polybenzimidazole market in the forecast period of 2021 to 2028.
This polybenzimidazole market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on polybenzimidazole market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Polybenzimidazole Market Scope and Market Size
The polybenzimidazole market is segmented on the basis of type and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of type, the polybenzimidazole market is segmented into filament, staple fiber and chopped.
- On the basis of application, the polybenzimidazole market is segmented into aerospace and defense, automotive, fire department, energy and industrial.
Global Polybenzimidazole Market Country Level Analysis
The polybenzimidazole market is analyzed and market size, volume information is provided by country, type and application as referenced above.
The countries covered in the globally polybenzimidazole market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the polybenzimidazole market due to the increasing demand for polybenzimidazole fibers in aerospace and defense, automotive and medical sectors owing to its various properties. Asia-Pacific is expected to witness significant growth during the forecast period of 2021 to 2028 because of the rapid industrialization, increasing textile and automotive industries and government initiatives and funding.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Polybenzimidazole Market Share Analysis
The polybenzimidazole market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to polybenzimidazole market.
The major players covered in polybenzimidazole market report are Atkins & Pearce, Bally Ribbon Mills, PBI Performance Products, Inc., Celanese Corporation, Quadrant Global Pte Ltd, PBI Advanced Materials Co.,Ltd., Polymics, Ltd., AGY, Bally Ribbon Mills, 3B - the fibreglass company, Solvay, DuPont de Nemours, Inc., Honeywell International Inc., The InterTech Group, Inc., JEC Group, KUREHA CORPORATION, Koninklijke DSM N.V., Sarla Performance Fibers Limited, SRO Group, Teijin Carbon Europe GmbH, TORAY INDUSTRIES, INC., TOYOBO CO., LTD among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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