Global Aramid Fiber Market, By Type (Para-Aramid Fiber, Meta-Aramid Fiber), Application (Security and Protection, Frictional Materials, Industrial Filtration, Optical Fibers, Rubber Reinforcement, Tire Reinforcement, Electrical Insulation, Others), End User (Automotive, Aerospace and Defense, Electronics and Telecommunications, Electrical, Others) Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Aramid Fiber Market
Aramid fiber market size is valued at USD 8.5 billion by 2028 and is expected to grow at a compound annual growth rate of 10.70% for the forecast period of 2021 to 2028. Data Bridge Market Research report on aramid fiber market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Aramid fiber is widely used in numerous applications owing to its advantageous mechanical properties, such as impact resistivity, high strength, abrasion thermal degradation resistance among others. Para-aramid and meta-aramid fiber are largely used in protective clothing. Its major applications can be found in aerospace and defense, security (body armor) and others.
The rapidly increasing demand for lightweight materials in security and protection applications has highly influenced growth of the aramid fiber market. In line with this, the going up need for lightweight materials offering significant emission reduction in vehicles is also acting as a key determinant favoring the growth of the aramid fiber market over the forecast period of 2021 to 2028. Also the, potential substitute for steel and asbestos along with protective measures requirement led by increase in asymmetric warfare are also positively impacting the growth of the aramid fiber market. The major factor accountable for the growth of the market is the increasing demand in automotive and aerospace applications. Beside this, the increasing demand for the product from various industries such as healthcare, oil and gas manufacturing and others due to strict government regulations related to workplace safety is also flourishing the growth of the aramid fiber market. However, the high R&D costs as well as the non-biodegradable nature of aramid fibers may act as key restraint towards aramid fiber market growth rate in the forecast period of 2021 to 2028, whereas the high cost of production have the potential to challenge the growth of the aramid fiber market.
Furthermore, the rising demand for homeland security and higher defense spending along with the rapid advancements in aramid materials manufacturing technology will further offer a variety of growth opportunities for the aramid fiber market in the above mentioned forecast period.
This aramid fiber market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on aramid fiber market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Aramid Fiber Market Scope and Market Size
Aramid fiber market is segmented on the basis of type, application and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of type, the aramid fiber market is segmented into para-aramid fiber and meta-aramid fiber.
- The application segment for aramid fiber market is segmented into security and protection, frictional materials, industrial filtration, optical fibers, rubber reinforcement, tire reinforcement, electrical insulation and others.
- Based on end user, the aramid fiber market is segmented into automotive, aerospace and defense, electronics and telecommunications, electrical and others.
Aramid Fiber Market Country Level Analysis
Aramid fiber market is analyzed and market size, volume information is provided by country, type, application and end user as referenced above.
The countries covered in the aramid fiber market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Europe leads the aramid fiber market because of the strict safety regulations within industries such as construction, oil and gas, aluminum and steel are fueling the demand for protective clothing which is raising the demand of aramid fiber in this region. Asia-Pacific is expected to expand at a significant growth of the over the forecast of 2021 to 2028 due to increasing employment of security and protection measures across numerous industries in this particular region.
The country section of the aramid fiber market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Aramid Fiber Market Share Analysis
Aramid fiber market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to aramid fiber market.
The major players covered in the aramid fiber market report are DowDuPont, TEIJIN LIMITED, TORAY INDUSTRIES, INC., Huvis, Yantai Tayho Advanced Materials Co., Ltd., Solvay, KERMEL, China National Bluestar (Group) Co Ltd., TAEKWANG INDUSTRIAL CO., LTD., Aramid Hpm, LLC, FIBERMAX Ltd, Bally Ribbon Mills, HYOSUNG ADVANCED MATERIALS, Kolon Industries, Inc., c-m-p gmbh, TOYOBO CO., LTD., Coast-Line International, Composites One, Coats Group plc, and Vectorply among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Aramid Fiber Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.