Aramid Fiber Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

Aramid Fiber Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

  • June 2020 •
  • 112 pages •
  • Report ID: 5917240 •
  • Format: PDF
The global aramid fiber market size reached US$ 3.5 Billion in 2019. 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. Looking forward, the analyst expects the market value is projected to reach US$ 5.7 Billion, exhibiting a CAGR of around 8% during 2020-2025.

Breakup by Product Type:
Meta-Aramid Fiber
Para-Aramid Fiber
Others

Breakup by Application:
Protective Fabrics
Frictional Materials
Optical Fibers
Tire Reinforcement
Rubber Reinforcement
Composites
Others

Breakup by End-Use Industry:
Aerospace and Defense
Automotive
Electronics and Telecommunication
Sports Goods
Others

Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Teijin, DowDuPont, 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.

Key Questions Answered in This Report:
How has the global aramid fiber market performed so far and how will it perform in the coming years?
What are the key regional markets in the global aramid fiber industry?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the application?
What is the breakup of the market based on the end-use industry?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global aramid fiber market and who are the key players?
What is the degree of competition in the industry?