Fiber material

Global Aramid Fiber Market Size and Market Growth Opportunities

Global Aramid Fiber Market Report 2022 – Global Market Size, Trends and Forecast 2022-2026

The Business Research Company Global Aramid Fiber Market Report 2022 – Global Market Size, Trends and Forecast 2022-2026

LONDON, GREATER LONDON, United Kingdom, May 18, 2022 /EINPresswire.com/ — According to “Global Aramid Fiber Market Report 2022 – Global Market Size, Trends and Forecasts 2022-2026” published by The Business Research Company, the aramid fiber market share is expected to reach $6.00 billion by 2026 at a CAGR of 8.8%. The growing need for lightweight materials that offer significant emission reduction in vehicles is driving the growth of the aramid fiber market.

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The global aramid fiber market consists of sales of aramid fiber by entities (organizations, independent traders, and partnerships) that refers to a synthetic fiber in which the fiber-forming component is a long-chain synthetic polyamide with approximately 85% of the amide bonds. attached to two aromatic rings. Aramid fibers are high performance fibers made from synthetic molecules with relatively stiff polymer chains. These molecules are linked by strong hydrogen bonds which efficiently transfer mechanical stresses, allowing the use of low molecular weight chains. Aramid fiber is mainly used for the reinforcement of composites such as sporting goods, aviation and military vehicles, as well as for clothing fabrics such as fire safety clothing or bulletproof vests.

Global Aramid Fiber Market Trends
Heavy government spending in military and defense industries will support the growth of the aramid fiber market in the future. The increase in the defense budget allows the governments of many countries to invest in advanced and light protective equipment for the military forces. Aramid fibers are used in aerospace and military applications, including body armor fabrics and ballistic composites, marine ropes and hull reinforcement, and as a substitute for asbestos. For example, according to the Stockholm International Peace Research Institute, a Sweden-based institute that provides data, analysis, and recommendations on armed conflict, military spending, and arms trafficking, the U.S. government has spent $778 billion for defense in 2020, up 4.4%. as of 2019. In addition, the United States, as the world’s largest military spender, accounted for 39% of total military spending in 2020. Therefore, strong government spending on military and defense industries will support the growth of the aramid fiber market.

Segments of the Global Aramid Fiber Market
The global aramid fibers market is segmented:
By type: para-aramid fiber, meta-aramid fiber
By application: protective fabrics, friction materials, fiber optics, tire reinforcement, rubber reinforcement, composites, other applications
By end-use industry: aerospace and defense, automotive, electronics and telecommunications, sporting goods, other end users
By Geography: The global Aramid Fibers market report is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East & Africa. Among these regions, Europe represents the largest share.

Read more about Global Aramid Fiber Market report here

The Global Aramid Fiber Market Report 2022 is part of a series of new reports from The Business Research Company that provides global Aramid Fiber market overviews, size analysis and forecasts and of the market growth for the global aramid fiber market, aramid fiber market share, aramid fiber market segments and geographies, players in the global aramid fiber market, revenue, profiles and market shares of the main competitors in the global aramid fiber market. The Global Aramid Fiber Market report identifies key countries and segments for opportunities and strategies based on market trends and key competitor approaches.
TBRC’s 2022 Global Aramid Fiber Market report includes information on the following:

Data segmentation: market size, global, by region and country, historical and forecast, and growth rate for 60 geographies

Main Market Players: Teijin Ltd, DuPont Many Inc, Yantai Tayho Advanced Materials Co. Ltd, Hyosung Corp, Toray Industries Inc., Kolon Industries Inc, Huvis Corporation, Kermel, China National Bluestar (Group) Co. Ltd, SRO Aramid Co. ., JSC Kamenskvolokno, X-FIPER New Material Co. Ltd., Toyobo Co Ltd, Taekwang Industrial, Jiaxing Newtex Composites Co. Ltd, Guangdong Charming Company, Bally Ribbon Mills, Coats group plc, Vectorply and Solvay.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, United States, South America, Middle East and Africa.

Country: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
And more.

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Olivier Guirdham
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