Global Aramid Fibre Market Report and Forecast 2023-2028

Global Aramid Fibre Market Report and Forecast 2023-2028

Market Outlook

According to the report by Expert Market Research (EMR), the global aramid fibre market is projected to grow at a CAGR of 8.5% between 2023 and 2028. Aided by the rising demand for durable and lightweight materials across multiple sectors and the versatile applications of aramid fibre, the market is expected to grow significantly by 2028.

Aramid fibre, categorised under synthetic fibres, is recognised for its outstanding strength-to-weight ratio, high tensile strength, and resistance to abrasion and heat. These fibres are predominantly employed in the production of military equipment, aerospace components, automotive parts, and protective apparel. Thanks to their intrinsic flame-resistant and non-conductive attributes, they have carved out an essential role in demanding environments where both safety and performance are paramount. Beyond these remarkable physical properties, aramid fibres are also lauded for their resistance to organic solvents, reducing their degradation and wear over time.

The growing emphasis on safety standards in industrial environments is substantially driving the aramid fibre market growth. As industries grapple with occupational hazards, there's a surging demand for protective clothing that can withstand high temperatures, chemical exposures, and mechanical stresses. Aramid fibres, due to their inherent protective qualities, have become the material of choice for crafting such protective equipment.

Moreover, the aerospace and automotive industries, in their quest for lightweight and robust materials to enhance fuel efficiency and performance, are increasingly turning to aramid fibres. As vehicles and aircraft are being designed to be more energy-efficient, the weight and strength of the materials used play a pivotal role. Aramid fibre's commendable strength-to-weight ratio makes it an ideal candidate to meet these stringent requirements.

The burgeoning applications of aramid fibre across diverse sectors further boost the global aramid fibre market demand. In the realm of electronics, aramid fibres are utilised for their electrical insulation capacities, ensuring safety and enhanced lifespan of electronic products. The realm of sports equipment also witnesses the inclusion of aramid fibres in the fabrication of racquets, skis, and helmets, lending them increased durability and a lightweight profile.

Another compelling trend influencing the aramid fibre market outlook is the evolution of the telecommunications sector. With the rapid deployment of fibre optic cables globally, aramid fibres have taken centre stage as crucial reinforcement materials, granting cables the necessary strength and flexibility.

Market Segmentation

The market can be divided based on type, application, and region.

Market Breakup by Type

• Meta-Aramid Fibre
• Para-Aramid Fibre

Market Breakup by Application

• Optical Fibres
• Frictional Materials
• Security and Protection
• Industrial Filtration
• Tyre Reinforcement
• Rubber Reinforcement
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global aramid fibre market. Some of the major players explored in the report by Expert Market Research are as follows:

• Teijin Limited
• DuPont de Nemours, Inc.
• Huvis Corporation
• Shenma Industrial Co., Ltd.
• Kolon Industries, Inc.
• Kermel
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.