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Aramid Fiber Market Share, Size, Top Companies Overview, Growth

Aramid Fiber Market

According to the latest report by IMARC Group, titled “Aramid Fiber Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global Aramid Fiber market reached a value of 3 .6 billion in 2021. Looking ahead, IMARC Group expects the market to reach US$4.4 billion by 2027 growing at a CAGR of 3.5% over the period 2022-2027. Aramid fibers are a class of high performance organic polymers made from aromatic polyamides. They include stiff polymer chains that give these fibers their high strength-to-weight ratio, abrasion resistance and structural rigidity. Due to these favorable properties, aramid fibers have gained preference as a raw material in the manufacture of products such as fishing and golf rods, bows, skis, and aircraft wall materials.

We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.

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Global Aramid Fiber Market Trends:

Aramid fibers offer low flammability, resistance to heat and organic solvents, and can be made waterproof when combined with other materials like epoxy. Due to these properties, they are used in a range of equipment, ranging from body armor, fire protection clothing and bulletproof vests to vehicle armour, military helmets, protective gloves and flame retardant suits for firefighters. In the construction industry, the demand for aramid fibers has increased as they are used in the manufacture of fiber reinforced concrete and corrosion resistant thermoplastic pipes, which helps extend the life of the pipeline and reduce overall maintenance costs. Apart from that, they are used in the production of aerospace components, such as primary wings, fuselage structures of new generation aircraft, trailing edge panels and landing gear doors. Additionally, leading manufacturers engage in extensive research and development (R&D) activities to produce high-quality aramid fibers at lower cost.

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Analysis and segmentation of the global aramid fiber market 2022-2027:

Competitive landscape with key players:

The report has also analyzed the competitive landscape of the market with some of the major players being:

• Teijin
• DowDuPont
• Yantai Tayho Advanced Materials Company
• Hyosung Corporation
• Toray Chemical Korea
• Kolon Industries
• Huvis
• Chinese National Company of BlueStar Group
• Industrial Taekwang
• JSC Kamenskvolokno
• Guangdong Charm Company

Breakdown by product type:

• Meta-aramid fiber
• Para-aramid fiber
• Others

Breakdown by application:

• Protective fabrics
• Friction materials
• Optical fiber
• Tire reinforcement
• Rubber reinforcement
• Composite materials
• Others

Breakdown by end-use industry:

• Aeronautics and Defense
• Automotive
• Electronics and Telecommunications
• Sport stuff
• Others

Breakdown by region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia-Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, others)

Main highlights of the report:

• Market performance (2016-2021)
Market Outlook (2022-2027)
• Porter’s five forces analysis
• Market drivers and success factors
• SWOT analysis
• Value chain
• Complete mapping of the competitive landscape

Note: If you need specific information that is not currently covered by the report, we can provide it to you as part of the customization.

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The IMARC Group is a leading market research firm providing management strategies and market research worldwide. We partner with clients across all industries and geographies to identify their most important opportunities, address their most critical challenges and transform their businesses.

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This press release was published on openPR.