Aramid Fiber Market Analysis Report 2022-2027: Industry Demand, Growth Overview, Business Opportunity, and Forecast

The last report of the IMARC Group, entitled “Aramid Fiber Market – Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, including information on the Aramid Fiber Market Analysis Report. The report also includes regional and competitive analysis, and contemporary developments in the market. The size of the global aramid fiber market reached a value of US$3.6 billion in 2021. Looking ahead, IMARC Group hopes that the market reach US$4.4 billion by 2027, exhibiting a CAGR of 3.5% during 2022-2027. Aramid fiber, popularly known as aromatic polyamide, represents a class of robust synthetic fibers that are derived from spinning liquid crystalline solutions of long-chain polyamide in concentrated sulfuric acid. They are available in various types such as meta-aramid fiber, para-aramid fiber, and others. The molecules of these aramid fiber variants are held together by strong hydrogen bonds that offer immense strength and resistance against abrasion and heat. They prove to be very effective as heat shields in automotive and aerospace equipment and for offering electrical insulation, producing protective clothing for firefighters and military personnel, etc. electronics, telecommunications, etc.

Aramid Fiber Market Report

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Global Aramid Fiber Market Growth:

The growing construction industry and the increasing need for corrosion resistant fiber reinforced concrete and thermoplastic pipes and suitable substitutes for asbestos and steel are mainly driving the market for aramid fiber. In addition to this, changing preferences towards lightweight personal protective equipment materials that protect the wearer from physical, electrical, thermal and biological hazards are also positively influencing the global market. In addition, the increasing use of products in the manufacture of bulletproof and stab-resistant products including helmets, gloves, and garment materials is acting as another important growth-inducing factor. Apart from this, the growing demand from the aerospace industry to produce aircraft wall materials is further catalyzing the global market. In addition, expanding research and development (R&D) activities and growing product utilization in the fiber optic segment are anticipated to increase the aramid fiber market in the coming years.

Explore the full report with TOC and list of figures: https://www.imarcgroup.com/aramid-fiber-market

Competitive landscape with key players:

The report has also analyzed the competitive landscape of the market, with some of the major players being:

  • Teijin
  • DowDuPont
  • Yantai Tayho Advanced Materials Company
  • Hyosung Corporation
  • Toray Chemical Korea
  • Kolon Industries
  • Huvis
  • National BlueStar Group Company of China
  • Taekwang Industrial
  • JSC Kamenskvolokno
  • Guangdong Charming Company

Key market segmentation:

Breakdown by product type:

  • meta-aramid fiber
  • Para-aramid fiber
  • Others

Breakdown by application:

  • drop cloths
  • friction materials
  • Optical fibers
  • tire reinforcement
  • rubber reinforcement
  • Composition
  • Others

Breakdown by end-use industry:

  • Aerospace and Defense
  • Automotive
  • Electronics and Telecommunications
  • Sports articles
  • Others

Breakdown by region:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, others)

Highlights of the Report:

  • Market performance (2016-2021)
  • Market Outlook (2022-2027)
  • Porter’s Five Forces Analysis
  • Market drivers and success factors
  • SWOT analysis
  • Value chain
  • Comprehensive mapping of the competitive landscape

Note: If you require specific information that is currently not within the scope of the report, we can provide it to you as part of the customization.

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About us

IMARC Group is a leading market research company providing market research and management strategy around the world. We partner with clients across industries and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include important market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high-tech organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and novel processing methods are at the pinnacle of the company’s expertise.

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