Global Aramid Fiber Market to Reach US$ 4.4 Billion by 2027, Propelled by Significant Growth in Military and Defense Sector

November 28, 2022

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 US$ 3.6 Billion in 2021. Aramid fiber refers to a high-performance organic fiber that is made from aromatic polyamides. These fibers are manufactured from man-made molecules with relatively stiff polymer chains held together by hydrogen bonds, which effectively transfer mechanical stress, thus allowing low molecular weight chains to be used. The elastic modulus of aramid fiber is much greater than that of conventional polyamide fiber, offering superior mechanical properties than steel or glass fiber on an equal basis. The fiber has numerous excellent properties, including high strength, good abrasion resistance, and high resistance to organic solvents, as well as low flammability and nonconductivity. Several end-use industries use aramid fiber for reinforcement in composite materials, such as sports goods, aircraft, and military vehicles, as well as fabric in the production of fire safety garments or bulletproof jackets.

Global Aramid Fiber Market Trends:

The global market is majorly driven by the rising usage of lightweight and flexible materials in the manufacturing of protective armor and shields. This can be attributed to the increasing domestic and international conflicts resulting in considerable growth in the military and defense sector. In addition to this, the widespread adoption of advanced robotic systems and material handling equipment in warehousing is resulting in a higher product uptake. The rapid utilization of aramid fibers in developing lightweight aircraft and vehicles with high structural integrity is also providing an impetus to the market. Besides this, stringent government regulations promoting workplace safety are acting as a significant growth-inducing factor for the market. The market is further driven by the augmenting number of onshore and offshore drilling activities, along with the expanding shale oil and gas industry. The rapid product utilization as a substitute for fiberglass-reinforced plastic to avoid glass shatter and remnant debris during a crash in racing automobiles is further fueling the market. Apart from this, the expansion of 5G technology is propelling the demand for these fibers in the manufacturing of 5G cables, thereby creating a positive market outlook. Some of the other factors contributing to the market include considerable growth in the construction industry, continual technological developments and extensive research and development (R&D) activities. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 4.4 Billion by 2027, exhibiting a CAGR of 3.5% during 2022-2027.

Market Summary:

  • Based on the product type, the market has been segmented into meta-aramid fiber, para-aramid fiber, and others.
  • On the basis of the application, the market has been divided into protective fabrics, frictional materials, optical fibers, tire reinforcement, rubber reinforcement, composites, and others.
  • Based on the end-use industry, the market has been categorized into aerospace and defense, automotive, electronics and telecommunication, sports goods, and others.
  • On the geographical front, the market has been segregated into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico and others), and Middle East and Africa.
  • The competitive landscape of the market has been studied in the report with the detailed profiles of the key players. Some of these players 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, and Guangdong Charming Company.
     

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Group
30 N Gould St, Ste 
Sheridan, WY (Wyoming) 82801 USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

Global Aramid Fiber Market to Reach US$ 4.4 Billion by 2027, Propelled by Significant Growth in Military and Defense Sector
Select Licence Type



Benefits of Customization

Personalize This Research

Triangulate with your Data

Get Data as per your Format and Definition

Gain a Deeper Dive into a Specific Application, Geography, Customer or Competitor

Any level of Personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Bayer AH

It was indeed a great experience to work with IMARC on the assignment on Aqua market. The team had done a fantastic job in terms of what was expected, what was assured and what was the result… the report gave us many insights and market know how which allowed us to work on our strength and define exact strategies…

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More