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The global aramid fiber market reached a value of US$ 3.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 4.4 Billion by 2027, exhibiting at a CAGR of 3.5% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are 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 that provide immense strength and resistance against abrasion, heat and organic solvents, along with a low melting point to the end product. It is majorly utilized for electrical insulation, producing protective clothing for firefighters, racers and military personnel, and heat shields in automotive and aerospace equipment. In the construction industry, aramid fiber is used for manufacturing fiber-reinforced concrete and corrosion-resistant thermoplastic pipes, which prolong the life of the pipeline and reduce the overall maintenance costs.
The growing automotive, aerospace, defense and construction industries are among the key factors driving the growth of the market. Furthermore, the growing demand for lightweight materials for personnel protective equipment that protect the wearer from physical, thermal, electrical and biological hazards, is also providing a thrust to the market growth. Aramid fiber is also used for the production of bullet-proof and stab-resistant products, including helmets, gloves and clothing material. Additionally, it is widely utilized for the manufacturing of products such as fishing and golf rods, bows, skis and wall materials of airplanes. The increasing industrialization and urbanization across the globe is another factor favoring the market growth. Rising urban migration is augmenting the construction of new infrastructural projects, which is catalyzing the demand for aramid fiber as an asbestos and steel substitute. Other factors, including extensive research and development (R&D) and emerging applications in the optical fiber industry, are projected to drive the market in the upcoming years.
IMARC Group provides an analysis of the key trends in each sub-segment of the global aramid fiber market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product type, application and end-use industry.
Breakup by Product Type:
Breakup by Application:
Breakup by End-Use Industry:
Breakup by Region:
The report has also analysed the competitive landscape of the market with some of the key players being Teijin, DuPont de Nemours Inc., Yantai Tayho Advanced Materials Company, Hyosung Corporation, Toray Chemical Korea, Kolon Industries, Huvis, China National BlueStar Group Company, Taekwang Industrial, JSC Kamenskvolokno and Guangdong Charming Company, etc.
|Base Year of the Analysis||2021|
|Segment Coverage||Product Type, Application, End-Use Industry, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||Teijin, DuPont de Nemours Inc., Yantai Tayho Advanced Materials Company, Hyosung Corporation, Toray Chemical Korea, Kolon Industries, Huvis, China National BlueStar Group Company, Taekwang Industrial, JSC Kamenskvolokno and Guangdong Charming Company|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
The global aramid fiber market was valued at US$ 3.6 Billion in 2021.
We expect the global aramid fiber market to exhibit a CAGR of 3.5% during 2022-2027.
The growing adoption of lightweight materials, across the automotive, aerospace, construction, and
defense sectors, is primarily driving the global aramid fiber market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown
regulations across several nations resulting in temporary closure of numerous end-use industries for
Based on the product type, the global aramid fiber market can be segmented into meta-aramid fiber,
para-aramid fiber, and others. Currently, para-aramid fiber holds the majority of the total market share.
Based on the application, the global aramid fiber market has been divided into protective fabrics,
frictional materials, optical fibers, tire reinforcement, rubber reinforcement, composites, and others.
Among these, protective fabrics exhibit a clear dominance in the market.
Based on the end-use industry, the global aramid fiber market can be categorized into aerospace and
defense, automotive, electronics and telecommunication, sports goods, and others. Currently, the
automotive industry accounts for the largest market share.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin
America, and Middle East and Africa, where Europe currently dominates the global market.
Some of the major players in the global aramid fiber market include Teijin, DuPont de Nemours Inc.,
Yantai Tayho Advanced Materials Company, Hyosung Corporation, Toray Chemical Korea, Kolon
Industries, Huvis, China National BlueStar Group Company, Taekwang Industrial, JSC Kamenskvolokno,
Guangdong Charming Company, etc.
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