DUBLIN, April 11, 2022 /PRNewswire/ — The “Aramid Fiber Market by Type (Para-Aramid Fiber, Meta-Aramid Fiber), Application (Safety & Protection, Friction Materials, Industrial Filtration, Optical Fibers, Rubber Reinforcement, Tire Reinforcement), Region – Forecast overall until 2026” Report has been added to ResearchAndMarkets.com offering.
The aramid fiber market is expected to reach $6.3 billion by 2026, at a CAGR of 9.7% of $3.9 billion in 2021. The increased demand for lightweight and flexible materials from the automotive and military and defense industries for various applications is driving the market.
In addition, regulations related to the reduction of carbon emissions force various players in the industry to look for alternative materials that are light, strong and fuel efficient. This is expected to further boost the aramid fiber market during the forecast period. In contrast, high R&D costs and the non-biodegradable nature of aramid fibers are holding back market growth.
Para-aramid fiber is the largest type of aramid fiber for the aramid fiber market in 2020
Para-aramid fiber is primarily used in safety and security applications. The increased need for protective clothing in the military and industrial sectors is expected to drive the para-aramid fiber market. However, meta-aramid fiber is estimated to see substantial growth over the forecast period due to its increased use in industrial filtration applications.
Safety and security is estimated to be the largest application of the aramid fiber market between 2021 and 2026.
The security and protection applications segment led the market in 2020. It is expected to maintain its leading position until 2026 due to the increasing demand from emerging economies such as China, BrazilY India. They are mainly used for military, industrial and civil purposes; The need for thermal and ballistic protection is increasing in the military and civilian law enforcement due to the rise in insurgency and terrorism.
Europe it is expected to be the largest market for aramid fiber during the forecast period, in terms of value.
Europe is the largest market for aramid fiber. Stringent safety regulations in industries such as oil and gas, construction, aluminum and steel are fueling demand for protective clothing, which is driving the aramid fiber market in Europe. In addition, friction materials are needed by the high-end automotive industry, as well as in other industrial sectors that also contribute to the growing market for aramid fibers in the region.
Key Topics Covered:
2 Research Methodology
3 Executive summary
4 premium perspectives
4.1 Attractive Opportunities in the Aramid Fiber Market
4.2 Aramid Fiber Market, by Region
4.3 APAC: Aramid Fiber Market, by Application and Country, 2020
4.4 Aramid Fiber Market Size, by Application vs. Region
4.5 Aramid Fiber Market, by Key Countries
5 Market Overview
5.2 Market dynamics
22.214.171.124 Growing demand for lightweight materials in security and protection applications
126.96.36.199 Growing need for lightweight materials that offer a significant reduction in vehicle emissions
188.8.131.52 Potential substitute for steel and asbestos
184.108.40.206 High R&D costs
220.127.116.11 Non-biodegradable nature of aramid fibers
18.104.22.168 Growing demand for national security
22.214.171.124 Growing aerospace and defense sector
126.96.36.199 Advances in aramid material manufacturing technology
188.8.131.52 High cost of production
184.108.40.206 Available alternatives with similar properties
5.3 Porter’s five forces analysis
5.4 Supply chain analysis
5.4.1 Raw materials
5.4.2 Aramid Fiber Manufacturers
5.4.3 Distribution to end-use industries
5.5 Aramid Fiber Market: Realistic, Pessimistic, Optimistic and Non-COVID-19 Scenarios
5.5.1 Scenario without COVID-19
5.5.2 Optimistic Scenario
5.5.3 Pessimistic scenario
5.5.4 Realistic Scenario
5.6 Technology analysis
5.7 Trends/disruptions affecting the client’s business
5.7.1 Revenue Changes and Revenue Pockets for Aramid Fiber Manufacturers
5.8 Ecosystem/Market Map
5.9 Case studies
5.9.1 A case study on aramid fiber used for lightweight protective racing suits
5.9.2 A case study on aramid fiber used for comfortable flame retardant clothing
5.10 Regulatory and tariff overview
5.11 Macroeconomic indicators
5.12 Commercial Data
5.13 Average selling price
5.14 Impact of COVID-19
5.15 Patent Analysis
6 Aramid Fiber Market, By Type
6.2 Para-aramid fiber
6.2.1 Increasing Demand for Protective Clothing Coupled With Growing Need from Aerospace Industry to Drive Market
6.3 Meta-aramid fiber
6.3.1 Increasing demand from the telecommunication and automotive industries to drive the market
7 Aramid Fiber Market, by Application
7.2 Security and protection
7.2.1 Strict regulations imposed by the government and other agencies in developed economies to boost the market
7.3 Friction materials
7.3.1 Advances in technology in the transportation industry to drive the market
7.4 Industrial Filtration
7.4.1 High Temperature Gas Filtration Demand to Drive Market
7.5 Optical Fibers
7.5.1 Increased investments in telecommunications to boost the market
7.6 Rubber reinforcement
7.6.1 Increasing Demand for Thermal Stability From Automotive and Industrial Sectors to Drive Market
7.7 Tire reinforcement
7.7.1 The demand for heavy-duty vehicles and efficient tires is driving the market
7.8 Electrical Insulation
7.8.1 Demand for insulation in extreme conditions to drive the market
7.9.1 Transportation Industry Demand for High Performance Materials to Drive Market
7.9.4 Recreational goods
7.9.5 Ropes and cables
8 Aramid Fiber Market, by Region
9 Competitive landscape
9.2 Strategies Adopted by Key Players
9.2.1 Overview of the Strategies Adopted by Major Manufacturers of Aramid Fiber
9.3 Market share analysis
9.3.1 Market Key Players Ranking, 2020
9.3.2 Market Share of Key Players
220.127.116.11 Dupont De Numerous, Inc.
18.104.22.168 Teijin Ltd.
22.214.171.124 Kolon Industries Inc.
126.96.36.199 Yantai Tayho Advanced Materials Co.
188.8.131.52 Toray Industries, Inc.
9.4 Income analysis of the top 5 players
9.5 Analysis of the company’s product footprint
9.6 Company evaluation quadrant
184.108.40.206 Emerging Leader
9.7 Startup/SME Assessment Quadrant
9.7.1 Receptive company
9.7.2 Dynamic company
9.7.3 Start block
9.8 Competitive situations and trends
9.8.1 Product launches
9.8.3 Other developments
10 company profiles
10.1 Main players
10.1.1 Teijin Ltd.
10.1.2 Dupont De Numerous, Inc.
10.1.3 Yantai Tayho Advanced Materials Co.
10.1.4 Hyosung Corporation
10.1.5 Toray Industries, Inc.
10.1.6 Kolon Industries Inc.
10.1.7 Huvis Corporation
10.1.9 National Blue Star of China (Group) Co. Ltd.
10.1.10 Sro Aramid (Jiangsu) Co., Ltd.
10.2 Other key players
10.2.1 Taekwang Industrial Co. Ltd.
10.2.2 Aramid HPM, LLC
10.2.3 Shanghai J&S New Materials Co. Ltd.
10.2.4 Jsc Kamenskvolokno
10.2.5 YF International Bv
10.2.6 Lydall Industrial Filtration Americas
10.2.7 Suzhou Zhaoda Specially Fiber Technical Co. Ltd.
10.2.8 Shenma Industrial Co. Ltd.
10.2.9 Sinopec Yizheng Chemical Fiber Co. Ltd.
10.2.10 gang industry
10.2.11 Veplas Advanced Technologies Group
10.2.12 Pro-Spa Systems
10.2.13 X-Fiper New Material Co. Ltd.
10.2.14 Wuxi Heshengyuan Carbon Fiber Technology Co. Ltd.
10.2.15 Barnet Smart Materials
11 Adjacent and Related Markets
11.3 Protective Clothing Market
11.3.1 Market definition
11.3.2 Market Summary
11.4 Protective Clothing Market, by Region
11.4.1 Asia Pacific
11.4.3 North America
11.4.4 middle East Y Africa
11.4.5 South America
For more information on this report, visit https://www.researchandmarkets.com/r/l5pajv
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