Global Aramid Fibre Market Growth 2023-2029

Global Aramid Fibre 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 Fibre Industry Forecast” looks at past sales and reviews total world Aramid Fibre sales in 2022, providing a comprehensive analysis by region and market sector of projected Aramid Fibre sales for 2023 through 2029. With Aramid Fibre sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Aramid Fibre industry.

This Insight Report provides a comprehensive analysis of the global Aramid Fibre 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 Fibre portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Aramid Fibre market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Aramid Fibre 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 Fibre.

The global Aramid Fibre market size is projected to grow from US$ 4611.1 million in 2022 to US$ 5977 million in 2029; it is expected to grow at a CAGR of 5977 from 2023 to 2029.

Europe is the largest Aramid Fiber market with about 37% market share. USA is follower, accounting for about 35% market share.The key manufacturers are DowDuPont, Teijin, JSC Kamenskvolokno, Kolon, Hyosung, Huvis, TAYHO, Bluestar, Sinopec Yizheng Chemical Fibre, Guangdong Charming, Hebei Silicon Valley Chemical, Zhaoda Specially Fiber, SRO etc. Top 3 companies occupied about 78% market share.

This report presents a comprehensive overview, market shares, and growth opportunities of Aramid Fibre market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Para-Aramid
Meta-Aramid
Others

Segmentation by application
Security and Protection
Optical Fibres
Tire Reinforcement
Electrical Insulation
Rubber Reinforcement
Ropes & Cables
Composites
Others

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.
DuPont
Yantai Tayho Advanced Materials
Teijin Limited
Hyosung Corporation
Kolon Industries
Toray Chemical Korea

Key Questions Addressed in this Report

What is the 10-year outlook for the global Aramid Fibre market?

What factors are driving Aramid Fibre market growth, globally and by region?

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

How do Aramid Fibre market opportunities vary by end market size?

How does Aramid Fibre 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.