DUBLIN–(BUSINESS WIRE)–The report “Aramid Fiber Market: Global Industry Trends, Share, Size, Growth, Opportunities and Forecast 2022-2027” has been added to from ResearchAndMarkets.com offer.
The global aramid fiber market reached a value of US$3.6 billion in 2021. Looking ahead, the publisher expects the market to reach US$4.4 billion by 2027 , posting a CAGR of 3.5% in 2022-2027.
DuPont de Nemours Inc.
Yantai Tayho Advanced Materials Company
Toray Chemical Korea
BlueStar Group China National Company
Guangdong Charm Company
Keeping in mind the uncertainties of COVID-19, they continuously monitor and assess the direct and indirect influence of the pandemic on the various end-use industries. This information is included in the report as a major market contributor
Aramid fiber is a synthetic organic polymer, which is produced by spinning a liquid crystalline solution of long chain polyamide in concentrated sulfuric acid. The molecules of this fiber are linked by strong hydrogen bonds which provide immense strength and resistance to abrasion, heat and organic solvents, as well as a low melting point to the final product. It is mainly used for electrical insulation, the production of protective clothing for firefighters, racers and military personnel, and heat shields in automotive and aerospace equipment. In the construction industry, aramid fiber is used to manufacture fiber-reinforced concrete and corrosion-resistant thermoplastic pipes, which extends pipeline life and reduces overall maintenance costs.
The growing automotive, aerospace, defense, and construction industries are among the major drivers of market growth. Furthermore, the growing demand for lightweight materials for personal protective equipment that protects the wearer from physical, thermal, electrical and biological hazards, is also giving impetus for the growth of the market. Aramid fiber is also used for the production of bulletproof and stab resistant products including helmets, gloves and clothing.
Also, it is widely used for making products such as fishing and golf rods, bows, skis, and aircraft wall materials. Rising industrialization and urbanization across the globe is another factor driving the growth of the market. Growing urban migration is increasing the construction of new infrastructure projects, which is catalyzing the demand for aramid fiber as a substitute for asbestos and steel. Other factors including extensive research and development (R&D) and emerging applications in the fiber optics industry are expected to drive the market in the coming years.
Answer to the key question in this report
1. What is the expected growth rate of the global aramid fiber market?
2. What has been the impact of COVID-19 on the global aramid fiber market?
3. What are the key factors driving the global aramid fiber market?
4. What is the global aramid fiber market split based on product type?
5. What is the global aramid fiber market split based on application?
6. What are the key regions of the global aramid fiber market?
7. Who are the key players/companies in the global aramid fiber market?
Main topics covered:
2 Scope and methodology
3 Executive summary
4.2 Key Industry Trends
5 Global Aramid Fiber Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakdown by Product Type
7 Market Breakdown by Application
8 Market Breakdown by End-Use Industry
9 Market Breakdown by Region
10 SWOT Analysis
11 Value chain analysis
12 Analysis of the five forces of carriers
13 price indicators
14 Competitive Landscape
14.1 Market structure
14.2 Major Players
14.3 Profiles of Key Players
For more information about this report visit https://www.researchandmarkets.com/r/n3xwbu