Aramid Fiber Market Research Report – Forecast to 2030

Aramid Fiber Market Information: By Type (Meta-Aramid, Para-Aramid), Application (Security & Protection, Frictional Materials, Rubber Reinforcement), End-Use Industry (Aerospace & Defense, Automotive, Consumer Goods, Marine), And Region- Forecast Till 2030

ID: MRFR/CnM/4412-HCR | February 2021 | Region: Global | 100 Pages         

TABLE OF CONTENTS

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Supply Chain Analysis

4.1.1 Raw material suppliers

4.1.2 Manufacturers/Producers

4.1.3 Distributors/Retailers/Wholesalers/E-commerce

4.1.4 End users

4.2 Porter’s Five Forces Analysis

4.2.1 Threat of new entrants

4.2.2 Bargaining power of buyers

4.2.3 Bargaining power of suppliers

4.2.4 Threat of substitutes

4.2.5 Intensity of competitive rivalry

5 Market Dynamics of Global Aramid Fiber Market

5.1 Introduction

5.2 Drivers

5.3 Restraints

5.4 Opportunities

5.5 Challenges

5.6 Trends/Technology

6. Global Aramid Fiber Market by Type

6.1 Introduction

6.2 Meta-aramid

6.2.1 Market Estimates & Forecast, 2020-2027

6.2.2 Market Estimates & Forecast by Region, 2020-2027

6.3 Para-aramid

6.3.1 Market Estimates & Forecast, 2020-2027

6.3.2 Market Estimates & Forecast by Region, 2020-2027

6.4 Others

6.4.1 Market Estimates & Forecast, 2020-2027

6.4.2 Market Estimates & Forecast by Region, 2020-2027

7. Global Aramid Fiber Market, by Application

7.1 Introduction

7.2 Security & Protection

7.2.1 Market Estimates & Forecast, 2020-2027

7.2.2 Market Estimates & Forecast by Region, 2020-2027

7.3 Frictional Materials

7.3.1 Market Estimates & Forecast, 2020-2027

7.3.2 Market Estimates & Forecast by Region, 2020-2027

7.4 Rubber reinforcement

7.4.1 Market Estimates & Forecast, 2020-2027

7.4.2 Market Estimates & Forecast by Region, 2020-2027

7.5 Optical fiber

7.5.1 Market Estimates & Forecast, 2020-2027

7.5.2 Market Estimates & Forecast by Region, 2020-2027

7.6 Electrical insulation

7.6.1 Market Estimates & Forecast, 2020-2027

7.6.2 Market Estimates & Forecast by Region, 2020-2027

7.7 Others

7.7.1 Market Estimates & Forecast, 2020-2027

7.7.2 Market Estimates & Forecast by Region, 2020-2027

8. Global Aramid Fiber Market, by End-user industry

8.1 Introduction

8.2 Aerospace & defense

8.2.1 Market Estimates & Forecast, 2020-2027

8.2.2 Market Estimates & Forecast by Region, 2020-2027

8.3 Automotive

8.3.1 Market Estimates & Forecast, 2020-2027

8.3.2 Market Estimates & Forecast by Region, 2020-2027

8.4 Consumer goods

8.4.1 Market Estimates & Forecast, 2020-2027

8.4.2 Market Estimates & Forecast by Region, 2020-2027

8.5 Marine

8.5.1 Market Estimates & Forecast, 2020-2027

8.5.2 Market Estimates & Forecast by Region, 2020-2027

8.6 Others

8.6.1 Market Estimates & Forecast, 2020-2027

8.6.2 Market Estimates & Forecast by Region, 2020-2027

9. Global Aramid Fiber Market, by Region

9.1 Introduction

9.2 North America

9.2.1 Market Estimates & Forecast, 2020-2027

9.2.2 Market Estimates & Forecast by Type, 2020-2027

9.2.3 Market Estimates & Forecast by Application, 2020-2027

9.2.4 Market Estimates & Forecast by End-use Industry, 2020-2027

9.2.5 U.S.

9.2.5.1 Market Estimates & Forecast, 2020-2027

9.2.5.2 Market Estimates & Forecast by Type, 2020-2027

9.2.5.3 Market Estimates & Forecast by Application, 2020-2027

9.2.5.4 Market Estimates & Forecast by End-use Industry, 2020-2027

9.2.6 Canada

9.2.6.1 Market Estimates & Forecast, 2020-2027

9.2.6.2 Market Estimates & Forecast by Type, 2020-2027

9.2.6.3 Market Estimates & Forecast by Application, 2020-2027

9.2.6.4 Market Estimates & Forecast by End-use Industry, 2020-2027

9.3 Europe

9.3.1 Market Estimates & Forecast, 2020-2027

9.3.2 Market Estimates & Forecast by Type, 2020-2027

9.3.3 Market Estimates & Forecast by Application, 2020-2027

9.3.4 Market Estimates & Forecast by End-use Industry, 2020-2027

9.3.5 Germany

9.3.5.1 Market Estimates & Forecast, 2020-2027

9.3.5.2 Market Estimates & Forecast by Type, 2020-2027

9.3.5.3 Market Estimates & Forecast by Application, 2020-2027

9.3.5.4 Market Estimates & Forecast by End-use Industry, 2020-2027

9.3.6. France

9.3.6.1 Market Estimates & Forecast, 2020-2027

9.3.6.2 Market Estimates & Forecast by Type, 2020-2027

9.3.6.3 Market Estimates & Forecast by Application, 2020-2027

9.3.6.4 Market Estimates & Forecast by End-use Industry, 2020-2027

9.3.7 Italy

9.3.7.1 Market Estimates & Forecast, 2020-2027

9.3.7.2 Market Estimates & Forecast by Type, 2020-2027

9.3.7.3 Market Estimates & Forecast by Application, 2020-2027

9.3.7.4 Market Estimates & Forecast by End-use Industry, 2020-2027

9.3.8 Spain

9.3.8.1 Market Estimates & Forecast, 2020-2027

9.3.8.2 Market Estimates & Forecast by Type, 2020-2027

9.3.8.3 Market Estimates & Forecast by Application, 2020-2027

9.3.8.4 Market Estimates & Forecast by End-use Industry, 2020-2027

9.3.9 U.K.

9.3.9.1 Market Estimates & Forecast, 2020-2027

9.3.9.2 Market Estimates & Forecast by Type, 2020-2027

9.3.9.3 Market Estimates & Forecast by Application, 2020-2027

9.3.9.4 Market Estimates & Forecast by End-use Industry, 2020-2027

9.3.10 Russia

9.3.10.1 Market Estimates & Forecast, 2020-2027

9.3.10.2 Market Estimates & Forecast by Type, 2020-2027

9.3.10.3 Market Estimates & Forecast by Application, 2020-2027

9.3.10.4 Market Estimates & Forecast by End-use Industry, 2020-2027

9.3.11 Poland

9.3.11.1 Market Estimates & Forecast, 2020-2027

9.3.11.2 Market Estimates & Forecast by Type, 2020-2027

9.3.11.3 Market Estimates & Forecast by Application, 2020-2027

9.3.11.4 Market Estimates & Forecast by End-use Industry,2020-2027

9.4 Asia Pacific

9.4.1 Market Estimates & Forecast, 2020-2027

9.4.2 Market Estimates & Forecast by Type, 2020-2027

9.4.3 Market Estimates & Forecast by Application, 2020-2027

9.4.4 Market Estimates & Forecast by End-use Industry, 2020-2027

9.4.5 China

9.4.5.1 Market Estimates & Forecast, 2020-2027

9.4.5.2 Market Estimates & Forecast by Type, 2020-2027

9.4.5.3 Market Estimates & Forecast by Application, 2020-2027

9.4.5.3 Market Estimates & Forecast by End-use Industry, 2020-2027

9.4.6 India

9.4.6.1 Market Estimates & Forecast, 2020-2027

9.4.6.2 Market Estimates & Forecast by Type, 2020-2027

9.4.6.3 Market Estimates & Forecast by Application, 2020-2027

9.4.6.4 Market Estimates & Forecast by End-use Industry, 2020-2027

9.4.7 Japan

9.4.7.1 Market Estimates & Forecast, 2020-2027

9.4.7.2 Market Estimates & Forecast by Type, 2020-2027

9.4.7.3 Market Estimates & Forecast by Application, 2020-2027

9.4.7.4 Market Estimates & Forecast by End-use Industry, 2020-2027

9.4.8 Australia

9.4.8.1 Market Estimates & Forecast, 2020-2027

9.4.8.2 Market Estimates & Forecast by Type, 2020-2027

9.4.8.3 Market Estimates & Forecast by Application, 2020-2027

9.4.8.4 Market Estimates & Forecast by End-use Industry, 2020-2027

9.4.9 New Zealand

9.4.9.1 Market Estimates & Forecast, 2020-2027

9.4.9.2 Market Estimates & Forecast by Type, 2020-2027

9.4.9.3 Market Estimates & Forecast by Application, 2020-2027

9.4.9.4 Market Estimates & Forecast by End-use Industry, 2020-2027

9.4.10 Rest of Asia Pacific

9.4.10.1 Market Estimates & Forecast, 2020-2027

9.4.10.2 Market Estimates & Forecast by Type, 2020-2027

9.4.10.3 Market Estimates & Forecast by Application, 2020-2027

9.4.10.4 Market Estimates & Forecast by End-use Industry, 2020-2027

9.5 Middle East & Africa

9.5.1 Market Estimates & Forecast, 2020-2027

9.5.2 Market Estimates & Forecast by Type, 2020-2027

9.5.3 Market Estimates & Forecast by Application, 2020-2027

9.5.4 Market Estimates & Forecast by End-use Industry, 2020-2027

9.5.5 Turkey

9.5.5.1 Market Estimates & Forecast, 2020-2027

9.5.5.2 Market Estimates & Forecast by Type, 2020-2027

9.5.5.3 Market Estimates & Forecast by Application, 2020-2027

9.5.5.4 Market Estimates & Forecast by End-use Industry, 2020-2027

9.5.6 Israel

9.5.6.1 Market Estimates & Forecast, 2020-2027

9.5.6.2 Market Estimates & Forecast by Type, 2020-2027

9.5.6.3 Market Estimates & Forecast by Application, 2020-2027

9.5.6.4 Market Estimates & Forecast by End-use Industry, 2020-2027

9.5.7 North Africa

9.5.7.1 Market Estimates & Forecast, 2020-2027

9.5.7.2 Market Estimates & Forecast by Type, 2020-2027

9.5.7.3 Market Estimates & Forecast by Application, 2020-2027

9.5.7.4 Market Estimates & Forecast by End-use Industry, 2020-2027

9.5.8 GCC

9.5.8.1 Market Estimates & Forecast, 2020-2027

9.5.8.2 Market Estimates & Forecast by Type, 2020-2027

9.5.8.3 Market Estimates & Forecast by Application, 2020-2027

9.5.8.4 Market Estimates & Forecast by End-use Industry, 2020-2027

9.5.9 Rest of Middle East & Africa

9.5.9.1 Market Estimates & Forecast, 2020-2027

9.5.9.2 Market Estimates & Forecast by Type, 2020-2027

9.5.9.3 Market Estimates & Forecast by Application, 2020-2027

9.5.9.4 Market Estimates & Forecast by End-use Industry, 2020-2027

9.6 Latin America

9.6.1 Market Estimates & Forecast, 2020-2027

9.6.2 Market Estimates & Forecast by Type, 2020-2027

9.6.3 Market Estimates & Forecast by Application, 2020-2027

9.6.4 Market Estimates & Forecast by End-use Industry, 2020-2027

9.6.5 Brazil

9.6.5.1 Market Estimates & Forecast, 2020-2027

9.6.5.2 Market Estimates & Forecast by Type, 2020-2027

9.6.5.3 Market Estimates & Forecast by Application, 2020-2027

9.6.5.4 Market Estimates & Forecast by End-use Industry, 2020-2027

9.6.6 Mexico

9.6.6.1 Market Estimates & Forecast, 2020-2027

9.6.6.2 Market Estimates & Forecast by Type, 2020-2027

9.6.6.3 Market Estimates & Forecast by Application, 2020-2027

9.6.6.6 Market Estimates & Forecast by End-use Industry, 2020-2027

9.6.7 Argentina

9.6.7.1 Market Estimates & Forecast, 2020-2027

9.6.7.2 Market Estimates & Forecast by Type, 2020-2027

9.6.7.3 Market Estimates & Forecast by Application, 2020-2027

9.6.7.4 Market Estimates & Forecast by End-use Industry, 2020-2027

9.6.8 Rest of Latin America

9.6.8.1 Market Estimates & Forecast, 2020-2027

9.6.8.2 Market Estimates & Forecast by Type, 2020-2027

9.6.8.3 Market Estimates & Forecast by Application, 2020-2027

9.6.8.4 Market Estimates & Forecast by End-use Industry, 2020-2027

10. Company Landscape

10.1 Introduction

10.2 Market Strategy

10.3 Key Development Analysis (Expansion/Merger & Acquisitions/Joint Venture/New Product Development/Agreement/Investment)

11. Company Profiles

11.1 TEIJIN LIMITED

11.1.1 Company Overview

11.1.2 Financial Updates

11.1.3 Product/Business Segment Overview

11.1.4 Strategy

11.1.5 Key Developments

11.1.6 SWOT Analysis

11.2 Yantai Tayho Advanced Materials Co., Ltd

11.2.1 Company Overview

11.2.2 Financial Updates

11.2.3 Product/Business Segment Overview

11.2.4 Strategy

11.2.5 Key Developments

11.2.6 SWOT Analysis

11.3 HYOSUNG

11.3.1 Company Overview

11.3.2 Financial Updates

11.3.3 Product/Business Segment Overview

11.3.4 Strategy

11.3.5 Key Developments

11.3.6 SWOT Analysis

11.4 Toray Chemicals Korea Inc.

11.4.1 Company Overview

11.4.2 Financial Updates

11.4.3 Product/Business Segment Overview

11.4.4 Strategy

11.4.5 Key Developments

11.4.6 SWOT Analysis

11.5 KERMEL

11.5.1 Company Overview

11.5.2 Financial Updates

11.5.3 Product/Business Segment Overview

11.5.4 Strategy

11.5.5 Key Developments

11.5.6 SWOT Analysis

11.6 Kolon Industries, Inc

11.6.1 Company Overview

11.6.2 Financial Updates

11.6.3 Product/Business Segment Overview

11.6.4 Strategy

11.6.5 Key Developments

11.6.6 SWOT Analysis

11.7 Huvis

11.7.1 Company Overview

11.7.2 Financial Updates

11.7.3 Product/Business Segment Overview

11.7.4 Strategy

11.7.5 Key Developments

11.7.6 SWOT Analysis

11.8 China National Bluestar (Group) Co. Ltd.

11.8.1 Company Overview

11.8.2 Financial Updates

11.8.3 Product/Business Segment Overview

11.8.4 Strategy

11.8.5 Key Developments

11.8.6 SWOT Analysis

11.9 SRO Aramid (Jiangzu) Co., Ltd.

11.9.1 Company Overview

11.9.2 Financial Updates

11.9.3 Product/Business Segment Overview

11.9.4 Strategy

11.9.5 Key Developments

11.9.6 SWOT Analysis

11.10 IBIDEN CO., LTD

11.10.1 Company Overview

11.10.2 Financial Updates

11.10.3 Product/Business Segment Overview

11.10.4 Strategy

11.10.5 Key Developments

11.10.6 SWOT Analysis

12. Conclusion

LIST OF TABLES


Table 1 Global Aramid Fiber market: By Region, 2020-2027

Table 2 North America Aramid Fiber market: By Country, 2020-2027

Table 3 Europe Aramid Fiber market: By Country, 2020-2027

Table 4 Asia-Pacific Aramid Fiber market: By Country, 2020-2027

Table 5 Middle East & Africa Aramid Fiber market: By Country, 2020-2027

Table 6 Latin America Aramid Fiber market: By Country, 2020-2027

Table 7 Global Aramid Fiber Type Market: By Regions, 2020-2027

Table 8 North America Aramid Fiber Type Market: By Country, 2020-2027

Table 9 Europe Aramid Fiber Type Market: By Country, 2020-2027

Table10 Asia-Pacific Aramid Fiber Type Market: By Country, 2020-2027

Table11 Middle East & Africa Aramid Fiber Type Market: By Country, 2020-2027

Table12 Latin America Aramid Fiber Type Market: By Country, 2020-2027

Table13 Global Aramid Fiber Application Market: By Regions, 2020-2027

Table14 North America Aramid Fiber by Application Market: By Country, 2020-2027

Table15 Europe Aramid Fiber Application Market: By Country, 2020-2027

Table16 Asia-Pacific Aramid Fiber Application Market: By Country, 2020-2027

Table17 Middle East & Africa Aramid Fiber Application Market: By Country, 2020-2027

Table18 Latin America Aramid Fiber Application Market: By Country, 2020-2027

Table19 Global Aramid Fiber End-use Industry Market: By Regions, 2020-2027

Table20 North America Aramid Fiber End-use Industry Market: By Country, 2020-2027

Table21 Europe Aramid Fiber End-use Industry Market: By Country, 2020-2027

Table22 Asia-Pacific Aramid Fiber End-use Industry Market: By Country, 2020-2027

Table23 Middle East & Africa Aramid Fiber End-use Industry Market: By Country, 2020-2027

Table24 Latin America Aramid Fiber End-use Industry Market: By Country, 2020-2027

Table25 Global Type Market: By Region, 2020-2027

Table26 Global Application Market: By Region, 2020-2027

Table27 Global End-use Industry Market: By Region, 2020-2027

Table28 North America Aramid Fiber market, By Country

Table29 North America Aramid Fiber market, By Type

Table30 North America Aramid Fiber market, By Application

Table31 North America Aramid Fiber market, By End-use Industry

Table32 Europe: Aramid Fiber market, By Country

Table33 Europe: Aramid Fiber market, By Type

Table34 Europe: Aramid Fiber market, By Application

Table35 Europe: Aramid Fiber market, By End-use Industry

Table36 Asia-Pacific: Aramid Fiber market, By Country

Table37 Asia-Pacific: Aramid Fiber market, By Type

Table38 Asia-Pacific: Aramid Fiber market, By Application

Table39 Asia-Pacific: Aramid Fiber market, By End-use Industry

Table40 Middle East & Africa: Aramid Fiber market, By Country

Table41 Middle East & Africa Aramid Fiber market, By Type

Table42 Middle East & Africa Aramid Fiber market, By Application

Table43 Middle East & Africa: Aramid Fiber market, By End-use Industry

Table44 Latin America: Aramid Fiber market, By Country

Table45 Latin America Aramid Fiber market, By Type

Table46 Latin America Aramid Fiber market, By Application

Table47 Latin America: Aramid Fiber market, By End-use Industry

LIST OF FIGURES

FIGURE 1 Global Aramid Fiber market segmentation

FIGURE 2 Forecast Printing methodology

FIGURE 3 Porter’s Five Forces Analysis of Global Aramid Fiber market

FIGURE 4 Value Chain of Global Aramid Fiber market

FIGURE 5 Share of Global Aramid Fiber market in 2020, by country (in %)

FIGURE 6 Global Aramid Fiber market, 2020-2027,

FIGURE 7 Global Aramid Fiber market size by Type, 2020

FIGURE 8 Share of Global Aramid Fiber market by Type, 2020-2027

FIGURE 9 Global Aramid Fiber market size by Application, 2020

FIGURE 10 Share of Global Aramid Fiber market by Application, 2020-2027

FIGURE 11 Global Aramid Fiber market size by End-use Industry, 2020

FIGURE 12 Share of Global Aramid Fiber market by End-use Industry, 2020-2027

Aramid Fiber Market

Aramid Fiber Market is projected to be worth USD 8.6 Billion by 2028, registering a CAGR of 10.75% during the forecast period (2021 - 2028).

$8.6 Billion

Market Size


10.75%

CAGR


Asia-Pacific

Dominating Region

2021-2028

Forecast Period

Segmentation

By Type Meta Aramid Para Aramid
By Application Security & Protection Frictional Materials Rubber Reinforcement
By End-Use Industry Aerospace & Defense Automotive Consumer Goods Marine

Key Players

  • TEIJIN LIMITED (Japan)
  • Yantai Tayho Advanced Materials Co. Ltd
  • HYOSUNG (South Korea)
  • Toray Chemicals Korea Inc. (South Korea)
  • KERMEL (France)
  • Kolon Industries Inc. (South Korea)
  • Huvis (South Korea)
  • China National Bluestar (Group) Co. Ltd.
  • SRO Aramid (Jiangzu) Co. Ltd. (China)
  • IBIDEN CO. LTD. (Japan).

Drivers

  • Increasing demand for protective clothing from military & defense and industrial sectors.
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Aramid Fiber Market- Segmentation


The global aramid fiber market is segmented by type, application, and end-user industries.


The global aramid fiber market is segmented on the basis of the type as meta-aramid, para-aramid, and others.


Based on the application, the market is segmented into security & protection, frictional materials, rubber reinforcement, optical fiber, electrical insulation, and others.


On the basis of the end-user industries, the global aramid fiber market is segmented into aerospace & defense, automotive, consumer goods, marine, and others.


Key Players


Some of the manufacturers operating in the global aramid fiber market are TEIJIN LIMITED (Japan), Yantai Tayho Advanced Materials Co., Ltd (China), HYOSUNG (South Korea), Toray Chemicals Korea Inc. (South Korea), KERMEL (France), Kolon Industries, Inc. (South Korea), Huvis (South Korea), China National Bluestar (Group) Co. Ltd. (China), SRO Aramid (Jiangzu) Co., Ltd. (China), and IBIDEN CO., LTD. (Japan).

Market Synopsis: 


Aramid fiber is a man-made organic polymer and belongs to a class of heat-resistant and strong synthetic fibers. They exhibit superior characteristics such as good resistance to abrasion and organic solvents, non-conductivity, high melting point, low flammability, and others.


The global aramid fiber market is primarily driven by the increasing demand for protective clothing from military & defense, and industrial sectors. The growing defense sector for homeland security and counterterrorism strategies is augmenting the demand for aramid fiber due to their flame resistant and heat protective nature. The use of aramid fiber in ballistic applications such as bulletproof vests and protective gloves is likely to fuel the market growth over the assessment period 2017-2023. Furthermore, aramid fiber is used in the automotive sector for making hoses, belts, gaskets, tyres, brake pads, clutches, and others. They also help in increasing the performance, safety, and durability of the automotive. Moreover, the increasing demand for various applications such as electrical insulation, optical fiber, and others is driving the global market. The product is an excellent substitute for steel and asbestos, therefore, it is widely used in the construction sector. These fibers are extensively consumed in the manufacturing of consumer goods such as refrigerator, AC, washing machines, and others to make them strong and lightweight. Nevertheless, stringent regulations for occupational safety by Occupational Safety and Health Administration (OSHA) is expected to augment the market growth. However, the high production cost and the non-biodegradable nature of these fibers are likely to hamper the market growth.


Some of the key trends observed in the market are a merger, acquisitions, and others. For instance, in March 2017, DuPont Protection Solutions entered a two-year global agreement for DuPont TM Kevlar with Nitro Circus, an action sports company, thus, influencing the product use in sporting goods.


Global Aramid Fiber Market, by Application (%)


 Aramid Fiber Market


Source: MRFR analysis


Regional Analysis


The Global Aramid Fiber market is segmented into five regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.


The Asia Pacific is the fastest growing region in the global market owing to the growing industrial, aerospace, and military sectors in this region. The increasing demand for durable, lightweight, and efficient automotive is another driver of the market in Asia Pacific region. Moreover, the production and sales of consumer goods in Asia Pacific are high, which fuels the market growth. 


North America is the second largest region in the aramid fiber market due to the high demand from the defense and automotive sector. The U.S. is one of the major military powers in the world and is expected to continue dominating over the forecast period, which is likely to augment the product demand. The increasing demand for automotive coupled with high disposable income is driving the growth of the market in this region.  


The increasing production and sales of various automotive parts in western European countries such as the U.K, Germany, France, and others are expected to boost the market growth over the forecast period.


Latin American market is growing moderately on account of the growing automotive sector in Mexico.


The Middle East & Africa market is likely to grow during the review period due to the growing product demand from the construction sector as a replacement for steel and asbestos.


Intended Audience



  • Aramid fiber Manufacturers

  • Traders and distributors of aramid fiber

  • Research and development institutes

  • Potential investors

  • Raw material suppliers

  • Nationalized laboratory

Report Scope:
Report Attribute/Metric Details
  Market Size   2030 : Significant value
  CAGR   Substantial Value
  Base Year   2021
  Forecast Period   2022 to 2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, Application and End-Use
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   TEIJIN LIMITED (Japan), Yantai Tayho Advanced Materials Co., Ltd (China), HYOSUNG (South Korea), Toray Chemicals Korea Inc. (South Korea), KERMEL (France), Kolon Industries, Inc. (South Korea), Huvis (South Korea), China National Bluestar (Group) Co. Ltd. (China), SRO Aramid (Jiangzu) Co., Ltd. (China), and IBIDEN CO., LTD. (Japan)
  Key Market Opportunities   high production cost and the non-biodegradable nature
  Key Market Drivers   increasing demand for protective clothing from military & defense, and industrial sectors


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Frequently Asked Questions (FAQ) :

Notable players profiled in the aramid fiber market include IBIDEN CO., LTD. (Japan), SRO Aramid (Jiangzu) Co., Ltd. (China), China National Bluestar (Group) Co. Ltd. (China), Huvis (South Korea), Kolon Industries, Inc. (South Korea), KERMEL (France), Toray Chemicals Korea Inc. (South Korea), HYOSUNG (South Korea), Yantai Tayho Advanced Materials Co., Ltd (China), and TEIJIN LIMITED (Japan).

The APAC region is predicted to have the largest share in aramid fiber market.

Booming defense sector for homeland security & counterterrorism strategies and growing demand for protective clothing from industrial sectors and military and defense are adding to the market growth.

Nonbiodegradable nature of the fiber and high production cost may hamper the market growth.

It is widely used in military, aerospace and industrial sectors.