Aramid Fiber Market - Industry Size, Share, Growth & Forecast 2028 | UnivDatos

 

The driving factors for the growth of aramid fiber are rising utilization in electrical insulation and the manufacturing of protective clothing for firefighters and military personnel. Also, it is used in racing cars, automobiles, and aerospace equipment. Further, the construction industry uses aramid fibers to produce fiber-reinforced concrete and corrosion-resistant thermoplastic pipes that increase the durability of the pipeline and decrease the overall cost of maintenance. It is also used for manufacturing fishing and golf rods, bows, skis, and airplane wall materials. Other factors, such as research and development for new applications in fiber optics, are likely to drive the aramid fiber market. For instance, Teijin Limited offers Twaron brand para-aramid fiber that provides enables optical fiber cables to be stronger and more durable, with better resistance to extreme temperatures and cables are able to withstand electric discharges, lightning strikes, ice loads, storms, earthquakes, and other potential hazards.

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According to UnivDatos Market Insights (UMI)’ research report “Global Aramid Fiber Market”, the market is expected to showcase a growth of around 8% during the forecast period. The rising demand for aramid fiber in defense, construction, aerospace, and transportation, among others due to its properties such as high tensile strength, impact resistance, reliability, fuel efficiency, and temperature resistance are the key attributable factors to the growth of the market.

Based on type, the market is categorized into para-aramid and meta-aramid. Among these, para-aramid has a prominent share in the aramid fiber market. This can be mainly attributed to its distinguished properties such as high strength, lightweight, high chemical & heat resistance, high strength-to-weight ratio, and excellent ballistic property. Owing to these properties, it is widely used in protective equipment such as bulletproof vests, protective helmets & gloves, racing cars, aerospace components, and others.

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Based on application, the market is categorized into security & protection, frictional materials, rubber reinforcement, optical fibers, tire reinforcement, electrical insulation, aerospace, and others. Among these, security & protection has accounted for a considerable share in the aramid fiber market. It is due to the rising concerns for protection in the civilian law enforcement agencies and the military from rebellion and terrorism activities. Moreover, aramid fiber is also used for safety equipment such as industrial gloves, eyewear, and hard armor helmets in various industries due to its chemical and heat resistance properties.

Asia-Pacific is expected to showcase substantial growth during the forecast period

The growth of defense, construction, and transportation sectors, in the Asia-Pacific, is helping the region in maintaining strong growth in the aramid fiber market. Further, improving per-capita income and disposable income is encouraging consumers to purchase large numbers of better quality products. Moreover, the replacement of traditional materials, such as steel, with aramid fiber due to its mechanical properties is contributing to the growth of the aramid fiber market in the Asia Pacific.

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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the global aramid fiber market include China National Bluestar (Group) Co. Ltd., Yantai Tayho Advanced materials Co. Ltd., Teijin Limited, Huvis Corporation, DuPont de Nemours Inc., Hyosung Group, Jiaxing Newtex Composites Co. Ltd., X-Fiper New Material Co. Ltd., Toray Chemical Korea Inc., Kolon Industries Inc. These companies are taking several strategic decisions to meet the growing demand and increase their market share.

“Global Aramid Fiber Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.

Market Segmentation:

1.     By Type (Para-Aramid and Meta-Aramid)

2.     By Application (Security & Protection, Frictional Materials, Rubber Reinforcement, Optical Fibers, Tire Reinforcement, Electrical Insulation, Aerospace, and Others)

3.     By Region (North America (United States, Canada, Rest of North America), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of APAC), and Rest of World)

4.     By Company (China National Bluestar (Group) Co. Ltd., Yantai Tayho Advanced materials Co. Ltd., Teijin Limited, Huvis Corporation, DuPont de Nemours Inc., Hyosung Group, Jiaxing Newtex Composites Co. Ltd., X-Fiper New Material Co. Ltd., Toray Chemical Korea Inc., Kolon Industries Inc.)

Key questions answered in the study:

1.     What are the current and future trends of the global aramid fiber industry?

2.     How the industry has been evolving in terms of type and application?

3.     How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.     What are the key growth drivers and challenges for the global aramid fiber industry?

5.     What are the customer orientation, purchase behavior, and expectations from the global aramid fiber suppliers across various regions and countries?