Global Aramid Fiber (Para and Meta) Market Growth 2023-2029

Global Aramid Fiber (Para and Meta) Market Growth 2023-2029

Aramid Fiber is man-made high-performance fiber, with molecules that are characterized by relatively rigid polymer chains. These molecules are linked by strong hydrogen bonds that transfer mechanical stress very efficiently, making it possible to use chains of relatively low molecular weight. Aramid fibers are a class of heat-resistant and strong synthetic fibers. They are used in aerospace and military applications, for ballistic-rated body armor fabric and ballistic composites, in bicycle tires, and as an asbestos substitute. The name is a portmanteau of "aromatic polyamide". They are fibers in which the chain molecules are highly oriented along the fiber axis, so the strength of the chemical bond can be exploited.

LPI (LP Information)' newest research report, the “Aramid Fiber (Para and Meta) Industry Forecast” looks at past sales and reviews total world Aramid Fiber (Para and Meta) sales in 2022, providing a comprehensive analysis by region and market sector of projected Aramid Fiber (Para and Meta) sales for 2023 through 2029. With Aramid Fiber (Para and Meta) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Aramid Fiber (Para and Meta) industry.

This Insight Report provides a comprehensive analysis of the global Aramid Fiber (Para and Meta) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Aramid Fiber (Para and Meta) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Aramid Fiber (Para and Meta) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Aramid Fiber (Para and Meta) and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Aramid Fiber (Para and Meta).

The global Aramid Fiber (Para and Meta) market size is projected to grow from US$ 2288.1 million in 2022 to US$ 3259.9 million in 2029; it is expected to grow at a CAGR of 3259.9 from 2023 to 2029.

Global key players of aramid fiber (para and meta) include Dupont, Teijin, Yantai Spandex, Kolon Industries, Hyosung, etc. Global top three manufacturers hold a share over 64%. North America is the largest producer of aramid fiber (para and meta), holds a share over 44%, followed by Japan, Europe, and China. In terms of product, para aramid is the largest segment, with a share over 63%. And in terms of application, the largest application is automotive, with a share over 24%, followed by flame retardant protection.

This report presents a comprehensive overview, market shares, and growth opportunities of Aramid Fiber (Para and Meta) market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Para-Aramid Fibers
Meta-Aramid Fibers

Segmentation by application
Frictional Materials
Electrical Insulation
Filtration Applications
Optical Fiber Cables
Tire Reinforcements
Rubber Reinforcements
Other

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
China National Bluestar
DowDuPont
Guangdong Charming
Huvis Corporation
Hyosung Corporation
JSC Kamenskvolokno
Kermel
Kolon Industries
SRO Group (China)
Teijin Limited
Woongjin Chemical
Yantai Tayho Advanced Materials
TAYHO
Sinopec Yizheng Chemical Fibre
Hebei Silicon Valley Chemical
Zhaoda Specially Fiber

Key Questions Addressed in this Report

What is the 10-year outlook for the global Aramid Fiber (Para and Meta) market?

What factors are driving Aramid Fiber (Para and Meta) market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Aramid Fiber (Para and Meta) market opportunities vary by end market size?

How does Aramid Fiber (Para and Meta) break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.