DUBLIN, April 11, 2022 /PRNewswire/ — The “Aramid Fiber Market by Type (Para-Aramid Fiber, Meta-Aramid Fiber), Application (Safety & Protection, Friction Materials, Industrial Filtration, Optical Fibers, Rubber Reinforcement, Tire Reinforcement), Region – Global Forecast up to ‘in 2026’ report has been added to from ResearchAndMarkets.com offer.
The Aramid Fiber Market is Expected to Reach $6.3 billion by 2026 at a CAGR of 9.7% $3.9 billion in 2021. Increased demand for lightweight and flexible materials from automotive, military and defense industries for various applications is driving the market.
In addition, regulations relating to the reduction of carbon emissions force several players in the industry to seek alternative materials that are light, strong and fuel efficient. This is expected to further boost the aramid fiber market over the forecast period. On the contrary, high R&D costs and non-biodegradable nature of aramid fibers are restraining the market growth.
Para-aramid fiber is the largest type of aramid fiber for the aramid fiber market in 2020
Para-aramid fiber is mainly used in security and protection applications. The increased need for protective clothing in the military and industrial sectors is estimated to drive the para-aramid fiber market. However, meta-aramid fiber is estimated to witness substantial growth over the forecast period owing to its increased use in industrial filtration applications.
Safety and protection is estimated to be the biggest application of the Aramid Fiber Market between 2021 and 2026.
The security and protection application segment dominated the market in 2020. It is expected to maintain its leading position till 2026 due to the growing demand from emerging economies such as China, Braziland India. They are primarily used for military, industrial and civilian purposes – the need for thermal and ballistic protection is increasing in civilian law enforcement and armed forces due to the increase in insurgency and terrorism.
Europe is expected to be the largest aramid fiber market during the forecast period, in terms of value.
Europe is the largest market for aramid fiber. Strict safety regulations in sectors such as oil and gas, construction, aluminum and steel are fueling the demand for protective clothing, which is driving the aramid fiber market in Europe. Additionally, friction materials are required for high-end automotive as well as other industrial sectors which are also contributing to the growth of the aramid fiber market in the region.
Main topics covered:
2 Research methodology
3 Executive summary
4 premium previews
4.1 Attractive Opportunities in the Aramid Fiber Market
4.2 Aramid Fiber Market, by Region
4.3 APAC: Aramid Fiber Market, by Application and Country, 2020
4.4 Aramid Fiber Market Size, by Application vs. Region
4.5 Aramid Fiber Market, by Key Countries
5 Market Overview
5.2 Market Dynamics
188.8.131.52 Rise in Demand for Lightweight Materials in Safety and Protection Applications
184.108.40.206 Growing need for lightweight materials offering significant emission reduction in vehicles
220.127.116.11 Potential substitute for steel and asbestos
18.104.22.168 High R&D costs
22.214.171.124 Non-biodegradable nature of aramid fibers
126.96.36.199 Growing demand for homeland security
188.8.131.52 Aerospace and Defense Sector Growth
184.108.40.206 Advances in Aramid Material Manufacturing Technology
220.127.116.11 High cost of production
18.104.22.168 Alternatives available with similar properties
5.3 Porter’s Five Forces Analysis
5.4 Supply Chain Analysis
5.4.1 Raw materials
5.4.2 Aramid Fiber Manufacturers
5.4.3 Distribution to end-use industries
5.5 Aramid Fiber Market: Realistic, Pessimistic, Optimistic, and Non-COVID-19 Scenarios
5.5.1 Non-COVID-19 scenario
5.5.2 Optimistic scenario
5.5.3 Pessimistic scenario
5.5.4 Realistic scenario
5.6 Technology Analysis
5.7 Trends/disruptions affecting customer business
5.7.1 Revenue Changes and Revenue Pockets for Aramid Fiber Manufacturers
5.8 Ecosystem/market map
5.9 Case studies
5.9.1 A Case Study of Aramid Fiber Used for Lightweight Protective Racing Suits
5.9.2 A Case Study of Aramid Fiber Used for FR Comfort Garments
5.10 Pricing and regulatory landscape
5.11 Macroeconomic indicators
5.12 Commercial data
5.13 Average selling price
5.14 Impact of COVID-19
5.15 Patent Analysis
6 Aramid Fiber Market, by Type
6.2 Para-aramid fiber
6.2.1 Growing Demand for Protective Clothing Coupled with Growing Need from Aerospace Industry to Drive Market
6.3 Meta-aramid fiber
6.3.1 Growing Demand from Telecom and Automotive Industries to Drive the Market
7 Aramid Fiber Market, by Application
7.2 Security and protection
7.2.1 Strict regulations enforced by government and other agencies in developed economies to drive the market
7.3 Friction materials
7.3.1 Technological Advancements in Transportation Industry to Drive the Market
7.4 Industrial filtration
7.4.1 High Temperature Gas Filtration Demand to Drive Market
7.5 Optical fibers
7.5.1 Rising Telecom Investments to Drive the Market
7.6 Rubber reinforcement
7.6.1 Rising Demand for Thermal Stability from Automotive and Industrial Sectors to Drive the Market
7.7 Tire reinforcement
7.7.1 Demand for Heavy Duty Vehicles and Efficient Tires is Driving the Market
7.8 Electrical insulation
7.8.1 Demand for Extreme Condition Insulation to Drive Market
7.9.1 Transportation Industry Demand for High Performance Materials to Drive Market
7.9.4 Recreational goods
7.9.5 Ropes and cables
8 Aramid Fiber Market, by Region
9 Competitive landscape
9.2 Strategies Adopted by Key Players
9.2.1 Overview of Strategies Adopted by Major Aramid Fiber Manufacturers
9.3 Market Share Analysis
9.3.1 Ranking of major market players, 2020
9.3.2 Market Share of Key Players
22.214.171.124 Dupont Many, Inc.
126.96.36.199 Teijin Ltd.
188.8.131.52 Kolon Industries Inc.
184.108.40.206 Yantai Tayho Advanced Materials Co.
220.127.116.11 Toray Industries, Inc.
9.4 Top 5 Players Revenue Analysis
9.5 Company Product Footprint Analysis
9.6 Business Rating Quadrant
9.6.1 Terminology / Nomenclature
18.104.22.168 Emerging leader
9.7 Quadrant for assessment of start-ups/SMEs
9.7.1 Responsive business
9.7.2 Dynamic Enterprise
9.7.3 Starting Block
9.8 Competitive Situations and Trends
9.8.1 Product launches
9.8.3 Other developments
10 company profiles
10.1 Key Players
10.1.1 Teijin Ltd.
10.1.2 Dupont Many, Inc.
10.1.3 Yantai Tayho Advanced Materials Co.
10.1.4 Hyosung Corp.
10.1.5 Toray Industries, Inc.
10.1.6 Kolon Industries Inc.
10.1.7 Huvis Corporation
10.1.9 China National Blue Star (Group) Co. Ltd.
10.1.10 Sro Aramid (jiangsu) Co.Ltd.
10.2 Other Key Players
10.2.1 Taekwang Industrial Co.Ltd.
10.2.2 Aramid Hpm, LLC
10.2.3 Shanghai J&S New Materials Co. Ltd.
10.2.4 Jsc Kamenskvolokno
10.2.5 YF International Bv
10.2.6 Americas Lydall Industrial Filtration
10.2.7 Suzhou Zhaoda Specially Fiber Technical Co. Ltd.
10.2.8 Shenma Industrial Co.Ltd.
10.2.9 Sinopec Yizheng Chemical Fiber Co. Ltd.
10.2.10 gang industry
10.2.11 Veplas Advanced Technologies Group
10.2.12 Spa Systems Pro
10.2.13 X-Fiper New Material Co. Ltd.
10.2.14 Wuxi Heshengyuan Carbon Fiber Technology Co. Ltd.
10.2.15 Barnet Smart Materials
11 Adjacent and Related Markets
11.3 Protective Clothing Market
11.3.1 Market definition
11.3.2 Market Overview
11.4 Protective Clothing Market, by Region
11.4.1 Asia Pacific
11.4.3 North America
11.4.4 Middle East and Africa
11.4.5 South America
For more information on this report, visit https://www.researchandmarkets.com/r/l5pajv
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