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Aramid Fiber Market

Aramid Fiber Market, Size and Segment By Type (Para-aramid fiber, Meta-aramid fiber) By application (Security & Protection, Frictional Materials, Industrial Filtration, Optical Fibers, Rubber Reinforcement, Tire Reinforcement, Electrical Insulation, Others), by Regions and Global Forecast 2022-2028

Report Id: SNS/C&M/2132 | June 2022 | Region: Global | 125 Pages

Report Scope & Overview:

Aramid Fiber Market Size was valued at USD 4.1 billion in 2021, and expected to reach USD 7.8 billion by 2028, and grow at a CAGR of 9.5% over the forecast period 2022-2028.

Aramid fibre is a man-made organic polymer that is strong and can stand up to high temperatures. They have great qualities like being resistant to abrasion and organic solvents, not conducting electricity, having a high melting point, not catching fire easily, and so on.

Aramid Fiber Market Revenue Graph

The main thing that drives the global aramid fibre market is the growing need for protective clothing in the military and defence, and industrial sectors. Due to their ability to resist fire and heat, aramid fibres are in high demand in the growing defence industry, which is used for homeland security and counterterrorism.

Market Dynamics:

Drivers:

  • More security and protection applications are looking for lighter materials.

  • The need for materials that are both light and help vehicles reduce their emissions is growing.

  • A Possible Replacement for Steel and Asbestos

Restraints:

  • High costs for R&D

  • Aramid fibres are not biodegradable.

Opportunity:

  • More people want Homeland Security

  • The Aerospace and Defense Industry is Growing

  • Improvements in the technology used to make Aramid materials

Challenge:

  • High cost of making things

  • Similar options that are also on the market

Impact of Covid-19:

Almost every part of the world has been affected by the pandemic. Disruptions in the global supply chain and problems in refining and petrochemicals, which are the main industries that use aramid fibre, have a moderate effect on the market. The oil and gas, automotive, chemical, and telecommunications industries are very important to the market.

The Covid-19 outbreak has had a moderate effect on business and consumer sentiment in key global markets. This has led to a big drop in the refining and petrochemical and power generation sectors. Even though the market is slowly getting better, it will take a while for the chemical and petrochemical sectors to get back on a steady growth path. It is expected that growth will come back faster in the refining and petrochemical sectors than in the construction and power generation sectors. As a result of the drop in demand, the marine and automotive markets are expected to slowly recover over the next 6–8 quarters. The power generation sector is expected to keep growing, with help from government spending.

Key Players:

Kermel (France), Toray Industries, Inc. (Japan), Kolon Industries Inc. (South Korea), Teijin Ltd. (Japan), DuPont De Numerous, Inc. (US), SRO Aramid (Jiangsu) Co. Ltd. (China)Hyosung Corp. (South Korea),China National Bluestar (Group) Co., Ltd. (China), Huvis Corporation (South Korea) and  Yantai Tayho Advanced Materials Co., Ltd. (China), and other players.

Market Segment:

By Type

  • Para-aramid fiber

  • Meta-aramid fiber

By application

  • Security & Protection

  • Frictional Materials

  • Industrial Filtration

  • Optical Fibers

  • Rubber Reinforcement

  • Tire Reinforcement

  • Electrical Insulation

  • Others

Aramid Fiber Market Segment Pie Chart

Regional Analysis:

Asia-Pacific, North America, Europe, Latin America, and the Middle East and Africa are the five regions that make up the Global Aramid Fiber Market. Asia-Pacific is the fastest-growing market in the world because its industrial, aerospace, and military sectors are growing the most. The market in the Asia-Pacific region is also being driven by the growing demand for cars that are durable, light, and efficient. Also, a lot of consumer goods are made and sold in Asia-Pacific, which helps the market grow.

North America is the second largest market for aramid fibre because the defence and auto industries use so much of it. The U.S. is one of the world's most powerful militaries, and it's likely to stay that way over the next few years, which will likely increase demand for the product. The market in this region is growing because more people are buying cars and they have more money to spend. Over the next few years, the market is expected to grow because more auto parts are being made and sold in western European countries like the UK, Germany, France, and others. Due to the growing auto industry in Mexico, the Latin American market is growing at a moderate rate. During the review period, the Middle East and Africa market is likely to grow because more and more products are being used in construction to replace steel and asbestos.

REGIONAL COVERAGE:

  1. North America

    • USA

    • Canada

    • Mexico

  1. Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  1. Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  1. The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  1. Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Aramid Fiber Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 4.1 Billion
Market Size by 2028 US$ 7.8 Billion
CAGR CAGR of 9.5% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Type (Para-aramid fiber, Meta-aramid fiber)
• By application (Security & Protection, Frictional Materials, Industrial Filtration, Optical Fibers, Rubber Reinforcement, Tire Reinforcement, Electrical Insulation, Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Kermel (France), Toray Industries, Inc. (Japan), Kolon Industries Inc. (South Korea), Teijin Ltd. (Japan), DuPont De Numerous, Inc. (US), SRO Aramid (Jiangsu) Co. Ltd. (China)Hyosung Corp. (South Korea),China National Bluestar (Group) Co., Ltd. (China), Huvis Corporation (South Korea) and  Yantai Tayho Advanced Materials Co., Ltd. (China), and other players.
DRIVERS • More security and protection applications are looking for lighter materials.
• The need for materials that are both light and help vehicles reduce their emissions is growing.
• A Possible Replacement for Steel and Asbestos
Restraints • High costs for R&D
• Aramid fibres are not biodegradable.


Frequently Asked Questions (FAQ) :

Ans: More people want Homeland Security, The Aerospace and Defense Industry is Growing and Improvements in the technology used to make Aramid materials are the opportunity for Aramid Fiber Market.

Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.

 

Ans: The Covid-19 outbreak has had a moderate effect on business and consumer sentiment in key global markets. This has led to a big drop in the refining and petrochemical and power generation sectors. Even though the market is slowly getting better, it will take a while for the chemical and petrochemical sectors to get back on a steady growth path. It is expected that growth will come back faster in the refining and petrochemical sectors than in the construction and power generation sectors. 

 

Ans: More security and protection applications are looking for lighter materials, The need for materials that are both light and help vehicles reduce their emissions is growing and A Possible Replacement for Steel and Asbestos are the drivers for Aramid Fiber Market.

Ans: Aramid Fiber Market Size was valued at USD 4.1 billion in 2021, and expected to reach USD 7.8 billion by 2028, and grow at a CAGR of 9.5 % over the forecast period 2022-2028.


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact of Ukraine-Russia War

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8.Aramid Fiber Market Segment, By Type

8.1 Para-aramid fiber

8.2 Meta-aramid fiber

 

9.Aramid Fiber Market Segment, By application

9.1 Security & Protection

9.2 Frictional Materials

9.3 Industrial Filtration

9.4 Optical Fibers

9.5 Rubber Reinforcement

9.6 Tire Reinforcement

9.7 Electrical Insulation

9.8 Others

 

10. Regional Analysis

10.1 Introduction

10.2 North America

10.2.1 USA

10.2.2 Canada

10.2.3 Mexico

10.3 Europe

10.3.1 Germany

10.3.2 UK

10.3.3 France

10.3.4 Italy

10.3.5 Spain

10.3.6 The Netherlands

10.3.7 Rest of Europe

10.4 Asia-Pacific

10.4.1 Japan

10.4.2 South Korea

10.4.3 China

10.4.4 India

10.4.5 Australia

10.4.6 Rest of Asia-Pacific

10.5 The Middle East & Africa

10.5.1 Israel

10.5.2 UAE

10.5.3 South Africa

10.5.4 Rest

10.6 Latin America

10.6.1 Brazil

10.6.2 Argentina

10.6.3 Rest of Latin America

 

11. Company Profile

11.1 Kermel (France),

11.1.1 Financial

11.1.2 Products/ Services Offered

11.1.3 SWOT Analysis

11.1.4 The SNS view

11.2 Toray Industries, Inc. (Japan)

11.3 Kolon Industries Inc. (South Korea)

11.4 Teijin Ltd. (Japan)

11.5 DuPont De Numerous, Inc. (US)

11.6 SRO Aramid (Jiangsu) Co. Ltd. (China)

11.7 Hyosung Corp. (South Korea)

11.8 Yantai Tayho Advanced Materials Co., Ltd. (China)

11.9 China National Bluestar (Group) Co., Ltd. (China)

11.10 Huvis Corporation (South Korea)

 

12.Competitive Landscape

12.1 Competitive Benchmark

12.2 Market Share analysis

12.3 Recent Developments

 

13 Conclusion

 

 

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Secondary Research

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