Global Aramid Fiber Market Overview:
The latest report by IMARC Group, titled “Aramid Fiber Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global aramid fiber market size reached a value of US$ 3.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 4.4 Billion by 2027, exhibiting at a CAGR of 3.5% during 2022-2027.
Aramid fibers are a class of high-performance organic polymers made up of aromatic polyamides. They comprise rigid polymer chains that provide these fibers their characteristic high strength-to-weight ratio, abrasion resistance, and structural rigidity. On account of these favorable properties, aramid fibers have gained preference as a raw material in the manufacturing of products such as fishing and golf rods, bows, skis and wall materials of airplanes.
|Base Year of the Analysis||2021|
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Global Aramid Fiber Market Trends:
Aramid fibers offer low flammability, resistance against heat and organic solvents, and can be made waterproof when combined with other materials like epoxy. Owing to these properties, they are utilized in an array of equipment, ranging from body armor, fire protection clothes and bulletproof vests to vehicle armor, military helmets, protective gloves, and fireproof suits for firefighters. In the construction industry, the demand for aramid fibers has escalated as they are employed in the manufacturing of fiber-reinforced concrete and corrosion-resistant thermoplastic pipes, which help in extending the life of the pipeline and reducing the overall maintenance costs. Other than this, they are used in the production of aerospace components, such as primary wings, fuselage structures in new-generation aircraft, trailing edge panels and landing gear doors. Moreover, the leading manufacturers are engaging in extensive research and development (R&D) activities to produce high-quality aramid fibers at a lower cost.
Global Aramid Fiber Market 2022-2027 Analysis and Segmentation:
Competitive Landscape with Key players:
The report has also analyzed the competitive landscape of the market with some of the key players being:
Teijin, DowDuPont, Yantai Tayho Advanced Materials Company, Hyosung Corporation, Toray Chemical Korea, Kolon Industries, Huvis, China National BlueStar Group Company, Taekwang Industrial, JSC Kamenskvolokno, Guangdong Charming Company
Our report has categorized the market based on product type, application and end-use industry.
Breakup by Product Type:
- Meta-Aramid Fiber
- Para-Aramid Fiber
Based on the product type, the market has been segmented into meta-, para-, and other aramid fibers.
Market Breakup by Application:
- Protective Fabrics
- Frictional Materials
- Optical Fibers
- Tire Reinforcement
- Rubber Reinforcement
On the basis of the application, the market has been categorized into protective fabrics, frictional materials, optical fibers, tire reinforcement, rubber reinforcement, composites and others.
Breakup by End-Use Industry:
- Aerospace and Defense
- Electronics and Telecommunication
- Sports Goods
Market Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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