Global Aramid Market Growth 2023-2029

Global Aramid 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 Industry Forecast” looks at past sales and reviews total world Aramid sales in 2022, providing a comprehensive analysis by region and market sector of projected Aramid sales for 2023 through 2029. With Aramid sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Aramid industry.
This Insight Report provides a comprehensive analysis of the global Aramid 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 portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Aramid market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Aramid 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.
The global Aramid market size is projected to grow from US$ 4405.2 million in 2022 to US$ 4978.6 million in 2029; it is expected to grow at a CAGR of 4978.6 from 2023 to 2029.
The Aramid industry consumption distribution is mainly focused on USA with 30%, Europe with 33% and China with 17%.
Dupont and Teijin are the main manufacturers of Aramid, they hold about 70% of the market share.
This report presents a comprehensive overview, market shares, and growth opportunities of Aramid 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
Body Armor & Helmet
Aerospace Materials
Sports Materials
Tire
High Strength Rope
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
Teijin
JSC Kamenskvolokno
Kolon
Hyosung
Huvis
TAYHO
Bluestar
Sinopec Yizheng Chemical Fibre
Guangdong Charming
Hebei Silicon Valley Chemical
Zhaoda Specially Fiber
SRO
Key Questions Addressed in this Report
What is the 10-year outlook for the global Aramid market?
What factors are driving Aramid market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Aramid market opportunities vary by end market size?
How does Aramid 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.