Polybenzimidazole Fiber Market to Record an Exponential CAGR by 2026
Polybenzimidazole
(PBI) fiber is a synthetic fiber, which possesses exceptional thermal
and chemical stability, low melting point, and high stability at
elevated temperatures. It is inflammable in air and has high moisture
content. It is widely used in protective wears such as protective
gloves, aeronautical suits, aircraft wall fabrics, protective gloves,
and welders’ apparel. PBI fiber is manufactured through the dry
spinning process by utilizing dimethylacetamide as solvent and
tetra-aminobiphenyl and diphenyl isophthalate as reactants.
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The
global polybenzimidazole fiber market can be segmented based on type
and application. Based on type, the market can be bifurcated into PBI
filament and PBI staple fiber. In terms of application, the
polybenzimidazole fiber market can be classified into medical,
aerospace and defense, chemical, automobiles, textiles and others.
Demand for PBI is expected to rise in aerospace and automotive
industries, led by its properties such as high chemical resistance,
liquid oxygen index, and moisture absorbance properties. Demand for
PBI fiber in high temperature applications, which require high
strength, is rising. These high temperature applications include high
heat insulator bushings, electrical connectors in aircraft engines,
and valve seats. This is boosting the polybenzimidazole fiber market.
Global
Polybenzimidazole Fiber Market: Drivers
Increase
in demand for safety apparel, typically in aerospace and defense
industry, is a major factor driving the polybenzimidazole fiber
market. PBI fiber does not exhibit any melting point and retains
strength even when exposed to high temperature of 560?C.
Additionally, demand for PBI fiber is rising in the manufacture of
protective apparel such as welders’ apparel, protective gloves,
astronaut space suits, and fire fighter suits due to its high thermal
and chemical stability. This is expected to propel the demand for PBI
fiber during the forecast period. Production cost of PBI fiber is
higher than that of other synthetic fibers. This is anticipated to
restrain the market during the forecast period. Increase in research
activities and mergers & acquisitions may provide lucrative
opportunities to manufacturers of polybenzimidazole fiber in the near
future. For instance, Celanese Corporation collaborated with NASA to
design PBI fiber based space suits. These PBI fiber based space suits
exhibit properties such as lack of melting point, inflammability,
high strength, and resistance to mildew, abrasion, and chemicals.
polybenzimidazole fiber is also gaining momentum in various other
applications such as membrane of fuel cells and plastic
reinforcements.
Global
Polybenzimidazole Fiber Market: Regional Analysis
In
terms of region, the global polybenzimidazole market can be
segregated into North America, Latin America, Europe, Asia Pacific,
and Middle East & Africa. North America dominates the PBI fiber
market due to the increase in demand for PBI fiber in aerospace and
automotive industries in the region. polybenzimidazole fibers are
stable at high temperatures. Thus, they are ideal materials in fire
blocking apparels such as flame retardant fabrics and safety gloves.
Rise in demand for technologically advanced aircraft wall clothing
and automotive valve seats with exceptional electrochemical and
mechanical properties is propelling the polybenzimidazole fiber
market in Europe. The polybenzimidazole market in Asia Pacific is
projected to expand at a rapid pace during the forecast period due to
rapid industrialization and capacity expansion by various U.S.-based
manufacturers in the region. The PBI fiber market in Latin America
and Middle East & Africa is likely to expand at a sluggish pace
during the forecast period. Increase in awareness about benefits of
PBI fiber and expansion in the automotive industry in Mexico, GCC,
etc., are expected to augment the sales of PBI fiber during the
forecast period.
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Global
Polybenzimidazole Fiber Market: Key Players
Key
players operating in the global polybenzimidazole fiber market are
Atkins & Pearce, Bally Ribbon Mills (BRM), TenCate Protective
Fabrics, PBI Performance Products, and Celanese Corporation.
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