Aramid Fiber Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Aramid fiber market
The Aramid fiber market size was valued at USD 4.5 billion in 2019. The market is projected to grow from USD 7.24 billion in 2027, exhibiting a CAGR of 6.5% during the forecast period of 2024-2032.
The COVID-19 pandemic negatively impacted the Aramid fiber market, disrupting deliver chains, halting manufacturing sports, and lowering demand across key industries like automobile, aerospace, and construction. Lockdowns and mobility regulations delayed projects, reducing the want for excessive-performance materials like Aramid fibers. Additionally, financial constraints and marketplace uncertainties induced industries to cut costs, further dampening call for. However, sectors like healthcare and defense, in which Aramid fibers are utilized in shielding device and gear, noticed a brief surge. Despite these setbacks, the marketplace is anticipated to recover as industries resume operations and invest in durable, light-weight materials for efficiency and protection.
A prominent trend inside the Aramid fiber market is the growing call for lightweight and durable materials in electric motors (EVs). As the EV industry expands, manufacturers searching for high-performance substances to enhance strength efficiency and safety. Aramid fibers are increasingly used in battery enclosures, structural components, and tires because of their awesome electricity-to-weight ratio, thermal resistance, and effect absorption properties. Additionally, their software in superior composites for aerospace and wind strength sectors is growing, driven by means of the push for sustainability and fuel performance. This fashion aligns with worldwide efforts to adopt modern substances for greener, extra efficient technology.
A key driving element for the Aramid fiber market is the developing call for personal defensive equipment (PPE) in protection, regulation enforcement, and industrial sectors. The fibers' exceptional power, heat resistance, and light-weight properties make them ideal for bulletproof vests, helmets, and fireplace-resistant garb. With growing worldwide safety worries and place of business safety regulations, the want for advanced shielding solutions has surged. Additionally, heightened consciousness of worker protection in risky environments, consisting of oil and gasoline or chemical industries, in addition propels call for. The versatility of Aramid fibers in combining safety with consolation ensures their endured adoption throughout important protection programs.
Comprehensive Analysis of Aramid fiber market
The Aramid fiber market growth is rising at an exponential rate due to its marketplace segmentation. This market expansion correctly affords a detailed local assessments thinking about the dominant supply and call for forces that effect the enterprise. These segmentations are methodically segregated by product type, by application. By type includes meta, para, others. By Application include rubber & reinforcement, security and protection, electrical insulation, frictional material, optical fibre, aerospace, others.
The Europe location lead the Aramid fiber market share percentage via benefitting a marketplace size of USD 1.6 billion. The rising product demand in countries is fueling regional market growth.
The top players in the market play a crucial role in the industry assuring market growth and setting market standards. These players include DuPont, Teijin Limited, Yantai Tayho Advanced Materials Co., Ltd., Toyobo co. Ltd., aramid Hpm LLC these market players provide a level-playing competitive landscape.
November 2019: Teijin Aramid B.V., a Netherlands-based totally company, announced plans to increase its manufacturing ability through over 25% inside the next 5 years. This circulates goals to fulfill developing worldwide demand for Aramid fibers. The expansion will occur at its Delfzijl and Emmen centers and incorporates investments in revolutionary technology to lessen CO2 emissions, aligning with sustainability dreams. By improving production whilst minimizing environmental effect, Teijin Aramid reinforces its dedication to providing high-overall performance substances for diverse industries, which include automobile, aerospace, and defense. This strategic initiative positions the agency to cope with growing demand and make contributions to greener, extra efficient production practices.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2016-2027
Base Year 2019
Forecast Period 2020-2027
Historical Period 2016-2018
Unit Value (USD Million) and Volume (Kilo Tons)
Segmentation Product type, Application, and Geography
By Product Type
Meta
Para
Others
By Application
Security & Protection
Frictional Materials
Rubber & Tire reinforcement
Optical Fiber
Electrical Insulation
Aerospace
Others
By Geography
North America
By Product Type
By Application
By Country
U.S.
Canada
Europe
By Product Type
By Application
By Country
Germany
UK
France
Russia
Rest of Europe
Asia Pacific
By Product Type
By Application
By Country
China
India
Japan
ASEAN
Rest of Asia Pacific
Latin America
By Product Type
By Application
By Country
Brazil
Mexico
Rest of Latin America
Middle East & Africa
By Product Type
By Application
By Country
Middle East
Africa
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Trends – For Major Countries
- 4.2. Key Developments
- 4.3. Regulatory Scenario
- 4.4. PORTER’s Five Forces Analysis
- 4.5. Global Production Overview
- 5. COVID-19 Impact Analysis
- 5.1. Supply Chain Challenges
- 5.2. Steps Taken by Government/Companies to combat COVID-19
- 5.3. Potential Opportunities due to COVID-19 Outbreak
- 6. Global Aramid Fiber Market Analysis, Insights and Forecast, 2016-2027, By Product Type
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast
- 6.2.1. Para
- 6.2.2. Meta
- 6.2.3. Others
- 7. Global Aramid Fiber Market Analysis, Insights and Forecast, 2016-2027, By Application
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast
- 7.2.1. Security & Protection
- 7.2.2. Frictional Materials
- 7.2.3. Rubber & Tire Reinforcement
- 7.2.4. Optical Fiber
- 7.2.5. Electrical Insulation
- 7.2.6. Aerospace
- 7.2.7. Others
- 8. Global Aramid Fiber Market Analysis, Insights and Forecast, 2016-2027, By Region
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast
- 8.2.1. North America
- 8.2.2. Europe
- 8.2.3. Asia Pacific
- 8.2.4. Latin America
- 8.2.5. Middle East & Africa
- 9. North America Aramid Fiber Market Analysis, Insights and Forecast, 2016-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast
- 9.2.1. By Product Type (Value & Volume)
- 9.2.1.1. Para
- 9.2.1.2. Meta
- 9.2.1.3. Others
- 9.2.2. By Application (Value & Volume)
- 9.2.2.1. Security & Protection
- 9.2.2.2. Frictional Materials
- 9.2.2.3. Rubber & Tire Reinforcement
- 9.2.2.4. Optical Fiber
- 9.2.2.5. Electrical Insulation
- 9.2.2.6. Aerospace
- 9.2.2.7. Others
- 9.2.3. By Country (Value & Volume)
- 9.2.3.1. U.S
- 9.2.3.2. Canada
- 10. Europe Aramid Fiber Market Analysis, Insights and Forecast, 2016-2027
- 10.1. Key Findings / Summary
- 10.2. Market Analysis, Insights and Forecast
- 10.2.1. By Product Type (Value & Volume)
- 10.2.1.1. Para
- 10.2.1.2. Meta
- 10.2.1.3. Others
- 10.2.2. By Application (Value & Volume)
- 10.2.2.1. Security & Protection
- 10.2.2.2. Frictional Materials
- 10.2.2.3. Rubber & Tire Reinforcement
- 10.2.2.4. Optical Fiber
- 10.2.2.5. Electrical Insulation
- 10.2.2.6. Aerospace
- 10.2.2.7. Others
- 10.2.3. By Country (Value & Volume)
- 10.2.3.1. Germany
- 10.2.3.2. UK
- 10.2.3.3. France
- 10.2.3.4. Russia
- 10.2.3.5. Rest of Europe
- 11. Asia Pacific Aramid Fiber Market Analysis, Insights and Forecast, 2016-2027
- 11.1. Key Findings / Summary
- 11.2. Market Analysis, Insights and Forecast
- 11.2.1. By Product Type (Value & Volume)
- 11.2.1.1. Para
- 11.2.1.2. Meta
- 11.2.1.3. Others
- 11.2.2. By Application (Value & Volume)
- 11.2.2.1. Security & Protection
- 11.2.2.2. Frictional Materials
- 11.2.2.3. Rubber & Tire Reinforcement
- 11.2.2.4. Optical Fiber
- 11.2.2.5. Electrical Insulation
- 11.2.2.6. Aerospace
- 11.2.2.7. Others
- 11.2.3. By Country (Value & Volume)
- 11.2.3.1. China
- 11.2.3.2. India
- 11.2.3.3. Japan
- 11.2.3.4. ASEAN
- 11.2.3.5. Rest of Asia Pacific
- 12. Latin America Aramid Fiber Market Analysis, Insights and Forecast, 2016-2027
- 12.1. Key Findings / Summary
- 12.2. Market Analysis, Insights and Forecast
- 12.2.1. By Product Type (Value & Volume)
- 12.2.1.1. Para
- 12.2.1.2. Meta
- 12.2.1.3. Others
- 12.2.2. By Application (Value & Volume)
- 12.2.2.1. Security & Protection
- 12.2.2.2. Frictional Materials
- 12.2.2.3. Rubber & Tire Reinforcement
- 12.2.2.4. Optical Fiber
- 12.2.2.5. Electrical Insulation
- 12.2.2.6. Aerospace
- 12.2.2.7. Others
- 12.2.3. By Country (Value & Volume)
- 12.2.3.1. Brazil
- 12.2.3.2. Mexico
- 12.2.3.3. Rest of Latin America
- 13. Middle East & Africa Aramid Fiber Market Analysis, Insights and Forecast, 2016-2027
- 13.1. Key Findings / Summary
- 13.2. Market Analysis, Insights and Forecast
- 13.2.1. By Product Type (Value & Volume)
- 13.2.1.1. Para
- 13.2.1.2. Meta
- 13.2.1.3. Others
- 13.2.2. By Application (Value & Volume)
- 13.2.2.1. Security & Protection
- 13.2.2.2. Frictional Materials
- 13.2.2.3. Rubber & Tire Reinforcement
- 13.2.2.4. Optical Fiber
- 13.2.2.5. Electrical Insulation
- 13.2.2.6. Aerospace
- 13.2.2.7. Others
- 13.2.3. By Sub-Region (Value & Volume)
- 13.2.3.1. Middle East
- 13.2.3.2. Africa
- 14. Competitive Landscape
- 14.1. Company Market Share Analysis, 2019
- 14.2. Company Profiles (Overview, Product Portfolio, Recent Developments, Strategies, Financials (Based on availability)
- 14.2.1. DuPont
- 14.2.1.1. Overview,
- 14.2.1.2. Product Portfolio,
- 14.2.1.3. Recent Developments,
- 14.2.1.4. Strategies,
- 14.2.1.5. Financials (Based on availability)
- 14.2.2. Teijin Limited
- 14.2.2.1. Overview,
- 14.2.2.2. Product Portfolio,
- 14.2.2.3. Recent Developments,
- 14.2.2.4. Strategies,
- 14.2.2.5. Financials (Based on availability)
- 14.2.3. Kolon Industries Inc.
- 14.2.3.1. Overview,
- 14.2.3.2. Product Portfolio,
- 14.2.3.3. Recent Developments,
- 14.2.3.4. Strategies,
- 14.2.3.5. Financials (Based on availability)
- 14.2.4. Yantai Tayho Advanced Materials Co., Ltd.
- 14.2.4.1. Overview,
- 14.2.4.2. Product Portfolio,
- 14.2.4.3. Recent Developments,
- 14.2.4.4. Strategies,
- 14.2.4.5. Financials (Based on availability)
- 14.2.5. X-FIPER New Material Co., Ltd.
- 14.2.5.1. Overview,
- 14.2.5.2. Product Portfolio,
- 14.2.5.3. Recent Developments,
- 14.2.5.4. Strategies,
- 14.2.5.5. Financials (Based on availability)
- 14.2.6. HUVIS CORPORATION
- 14.2.6.1. Overview,
- 14.2.6.2. Product Portfolio,
- 14.2.6.3. Recent Developments,
- 14.2.6.4. Strategies,
- 14.2.6.5. Financials (Based on availability)
- 14.2.7. Hyosung Corporation
- 14.2.7.1. Overview,
- 14.2.7.2. Product Portfolio,
- 14.2.7.3. Recent Developments,
- 14.2.7.4. Strategies,
- 14.2.7.5. Financials (Based on availability)
- 14.2.8. China National Bluestar (Group) Co, Ltd.
- 14.2.8.1. Overview,
- 14.2.8.2. Product Portfolio,
- 14.2.8.3. Recent Developments,
- 14.2.8.4. Strategies,
- 14.2.8.5. Financials (Based on availability)
- 14.2.9. Toyobo Co., Ltd.
- 14.2.9.1. Overview,
- 14.2.9.2. Product Portfolio,
- 14.2.9.3. Recent Developments,
- 14.2.9.4. Strategies,
- 14.2.9.5. Financials (Based on availability)
- 14.2.10. Aramid Hpm, LLC.
- 14.2.10.1. Overview,
- 14.2.10.2. Product Portfolio,
- 14.2.10.3. Recent Developments,
- 14.2.10.4. Strategies,
- 14.2.10.5. Financials (Based on availability)
- 15. Strategic Recommendation
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