Global Polybenzimidazoles (PBI) Market Size By Type(U-Series, T-Series), By Application(Aerospace, Industrial, Petrochemical, Semiconductors), By Geographic Scope And Forecast
Published on: 2024-07-13 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global Polybenzimidazoles (PBI) Market Size By Type(U-Series, T-Series), By Application(Aerospace, Industrial, Petrochemical, Semiconductors), By Geographic Scope And Forecast
Polybenzimidazoles (PBI) Market Size And Forecast
Polybenzimidazoles (PBI) Market size was valued at USD 22.69 Million in 2024 and is projected to reach USD 36.05 Million by 2031, growing at a CAGR of 5.96% during the forecast period 2024-2031.
The demand for PBI fiber from manufacturing protective garments such as protective gloves, astronaut space suits, welders’ apparel, and firefighter suits is driving the polybenzimidazole market. The Global Polybenzimidazoles (PBI) Market report provide a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
What is Polybenzimidazoles (PBI)?
PBI (polybenzimidazole) is a high-performance engineering plastic with unique qualities such as excellent thermal stability, high chemical tolerance, and exceptional compatibility with other polymers. Polybenzimidazoles are a type of heterocyclic thermoplastic that is particularly heat resistant. They’re made with an aromatic tetraamine and an aromatic dicarboxylic acid. Polybenzimidazoles and their derivatives are extremely costly and difficult to produce, but they have exceptional characteristics. Indeed, the PBI pictured above is one of the high-performing engineering polymers available, with the highest heat resistance and service temperature of any unfilled thermoplastic. It has an extremely high glass transition temperature of around 425°C (800°F) and no melting point, with a heat deflection temperature of about 815°F (435°C) at 264 psi (1.8 MPa). It also has excellent heat stability and chemical resistance to a wide range of compounds, including alcohols, hydrocarbons, chlorinated solvents, hydrogen sulfide, mild acids and bases, and many others. The temperature at which it decomposes is over 1300°F (> 500°C).
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Global Polybenzimidazoles (PBI) Market Overview
The demand for PBI fiber from manufacturing protective garments such as protective gloves, astronaut space suits, welders’ apparel, and firefighter suits is driving the polybenzimidazole market. PBI has no melting point and keeps strength even when exposed to high temperatures of 560C. The growing demand for PBI fiber-based space suits is due to a lack of melting point, inflammability, high strength, and resistance to mildew, abrasion, and chemicals in the aerospace and defense industry, as well as an increase in the number of research activities and mergers and acquisitions. CELAZOLE possesses excellent high-temperature mechanical qualities, making it ideal for use in aviation engines and other high-temperature applications. After thirty days of submersion in hydraulic fluid at 200°F, this amazing lightweight material retains 100 percent tensile strength.
PBI is an amorphous, melt-processable engineering plastic with exceptional stiffness and full strength at extreme temperatures. The material can withstand extremes in temperature, chemical composition, and tension. PBI is a great material for wear applications. For example, PBI is employed as a spacer used in an aircraft’s reverser assembly because of its dimensional stability and heat resistance. A few parts are used on a single aircraft because a typical aircraft has only two reversers. Parts machined from standard forms are perfect for this purpose. However, In the meantime, hefty inorganic fillers are commonly employed to raise the temperature of organic materials’ thermoresistance. However, it appears that no molecular designs for enhancing the thermoresistance of organic polymers while keeping their lightweight features have been offered for quite some time. Plastics made without heavy or hard inorganic metal additives have several advantages, including simplicity of manufacture, lower energy usage, lighter weight, and fewer processing stages.
Global Polybenzimidazoles (PBI) MarketSegmentation Analysis
The Global Polybenzimidazoles (PBI) Market is segmented by Type, Application and Geography.
Polybenzimidazoles (PBI) Market By Type
- U-Series
- T-Series
To Get Summarized Market Report By Type-
T-Series accounted for the largest market share of 61.14% in 2021, with a market value of USD 48.01 Million, and are projected to grow at a CAGR of 5.88% during the forecast period. The benefit of T-Series over ordinary PEEK is the presence of a property set those results from the combination with PBI and other fillers and yields higher heat deflection temperatures (HDT), higher strength, higher moduli, improved wear resistance, and lower creep. In the T-Series compound, heat deflection temperature can be raised to 330ºC, just below the crystalline melting point of PEEK. The required balance of performance and tractability is obtained with the T-Series products that place the group’s thermo-mechanical performance above PEEK but below PBI. T-Series products are usually in pellet form and specifically designed for injection molding and extrusion.
Polybenzimidazoles (PBI) Market By Application
- Aerospace
- Industrial
- Petrochemical
- Semiconductors
- Membrane
- Others
To Get Summarized Market Report By Application-
Industrial accounted for the largest market share of 27.26% in 2021, with a market value of USD 21.41 Million, and are projected to grow at a CAGR of 6.30% during the forecast period. Polybenzimidazoles (PBI) is commercially used in spinning wheels that make reflectors for LED lighting. With the increasing popularity of LED lighting in commercial and residential applications, the reflectors were required to be circular; hence polymer spinning has now become the manufacturing process of choice as it facilitates with better hardness and wear characteristics along with maintaining its machine shape to promote long production runs and minimal downtime. Additionally, PBI is further finding application in injection molding hot runner insulators owing to its superior thermal properties that enable insulators to perform at high temperature and pressure while maintaining shape better than other materials.
Polybenzimidazoles (PBI) Market By Geography
- North America
- Europe
- Asia Pacific
- Rest of the world
To Get Summarized Market Report By Geography-
In the global market split, Asia Pacific is dominating region-wise while automated is leading according to type. Polybenzimidazoles (PBI)-based protective clothing. These developing nations are highly focused on strengthening their aerospace and defense sector to boost trade and security. Along with this, rising government efforts towards modernizing the infrastructure are largely paving the way for highly durable thermoplastics with high heat resistance capacity, such as PBI.
Furthermore, electronic industry growth in APAC has been apparent over the recent years owing to rapid industrialization and digitization. The presence of prominent consumer electronics market players such as Mitsubishi, Toshiba, Panasonic, Sony, Nikon, and Hitachi from Japan, Samsung Electronics and LG electronics from South Korea, Huawei and Xiaomi from China, HTC, Acer, Asus, and Foxconn from Taiwan are capturing maximum global consumers.
Key Players
The “Global Polybenzimidazoles (PBI) Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are Pbi Performance Products, Inc., Mitsubishi Chemical Advanced Materials, Goodfellow, Bally Ribbon Mills, Polymics Ltd, Victrex Plc
The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Key Developments
• Mitsubishi Chemical Advanced Materials AG (MCAM), a leading global manufacturer of high-performance materials acquired acquisition of c-m-p GmbH (c-m-p) through its German subsidiary Mitsubishi Chemical Advanced Materials GmbH
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD | 2021-2031 |
BASE YEAR | 2024 |
FORECAST PERIOD | 2024-2031 |
HISTORICAL PERIOD | 2021-2023 |
UNIT | Value (USD Million) |
KEY COMPANIES PROFILED | Pbi Performance Products, Inc., Mitsubishi Chemical Advanced Materials, Goodfellow, Bally Ribbon Mills, Polymics Ltd, Victrex Plc |
SEGMENTS COVERED | By Type, By Application and By Geography. |
CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope. |
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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the Type/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/Type launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, Type benchmarking and SWOT analysis for the major market players• The current as well as future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post sales analyst support
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