Aramid Fiber Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

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Aramid Fiber Market: By Product Type (Para-Aramid and Meta-Aramid), Application (Security & Protection, Optical Fibers, and Aerospace) and geography

 

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Report

Description

Aramid Fiber Market size is expected to be valued at USD 4,536.7 million in 2022 which is expected to grow at a CAGR of 10.2% over 2022-2028. Aramid fiber is extensively used in several applications due to its beneficial mechanical properties, such as high strength, abrasion thermal degradation, impact resistivity, resistance, and so on. Meta-aramid fiber and Para-aramid fibre are mainly used in shielding clothing. Its main applications can be found in security (body armor), aerospace and defense, and others. The fast-increasing demand for lightweight materials in protection and security applications can lead to the growth of the aramid fiber market. Moreover, the increasing necessity for lightweight materials providing substantial emission reduction in automobiles and the possible alternative for steel and asbestos accompanied by defensive measures requirement led by rising in asymmetric warfare are some primary factors that can boost the global aramid fiber market. Apart from these, the growing demand for aerospace and automotive applications can also accelerate the market in the future. the growing demand for the product from numerous industries such as oil and gas chemicals manufacturing, healthcare, and others due to severe government regulations connected to workplace safety can also drive the global market further. However, some factors such as the high costs of research and development and the non-biodegradable behavior of aramid fibers can restrain the growth of the market. The increasing demand for homeland safety and increasing defense expenditure accompanied by the rapid progressions in aramid materials manufacturing techniques can create an opportunity for the growth of the global aramid fiber market.

Key Developments:

In June 2022, Teijin Aramid announced a new concept of Woven Matrix to ease out the production process of ballistic protection solution

Aramid Fiber Market

MARKET SUMMARY
-
10.2%
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 10.2%
  • Largest Market– North America
  • Fastest Growing Market– Europe

Aramid Fiber Market

  • The aramid fiber market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • The aramid fiber market is segmented based on product type, application and geography.
Key Players
  • Teijin Ltd.
  • Yantai Tayho Advanced Materials Co
  • du Pont de Nemours and Company (DowDuPont)
  • Hyosung Corp.
  • Toray Chemicals South Korea, Inc.
Aramid Fiber Market Dynamics

One of the major reasons for the growth of the global aramid fiber market is the rising demand from the protection and safety industry. An enormous amount of aramid fiber is utilized in safety and protection applications for example private security, private contractors connected with government projects., military, and municipal law enforcement. Moreover, the regulations concerning the safety and health of employees are very severe in developed countries which are expected to propel the growth of the market in the forecast period.


Asia-Pacific Got Significant Share

Aramid Fiber Market

The Asia Pacific is one of the most profitable regions and is generating new prospects for global players. the increasing engagement of security & protection events across numerous industries which has the potential to increase the demand for aramid fiber in these regions. Apart from this, growing demand for the internet from developing economies, rapid industrialization, and vigorous growth in the telecom business has created a demand for the use of aramid fiber.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2017-2021), and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Aramid Fiber Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The aramid fiber market is projected to expand at a CAGR of 10.2% during the forecast period

Teijin Ltd., Yantai Tayho Advanced Materials Co, du Pont de Nemours and Company (DowDuPont), Hyosung Corp., Toray Chemicals South Korea, Inc., Kermel S.A., Kolon Industries, Inc., Huvis Corp., SRO Aramid (Jiangzu) Co., Ltd.

 

Asia-Pacific is the fastest-growing region for aramid fiber market


Report

Table Of Content

1. Executive Summary
2. Global Aramid Fiber Market Introduction
2.1. Global Aramid Fiber Market – Taxonomy
2.2. Global Aramid Fiber Market –Definitions
2.2.1. Product Type
2.2.2. Application
2.2.3. By Region
3. Global Aramid Fiber Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Aramid Fiber Market Dynamic Factors – Impact Analysis
3.6. Global Aramid Fiber Market – Competition Landscape
3.7. Epidemiology
4. Global Aramid Fiber Market Analysis, 2017-2021 and Forecast, 2022-2028
4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Aramid Fiber Market, By Product Type, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.1. Para-Aramid
5.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Meta-Aramid
5.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
6. Global Aramid Fiber Market, By Application, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.1. Security & Protection
6.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Frictional Materials
6.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. Rubber Reinforcement
6.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
6.4. Optical Fibers
6.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.4.3. Market Opportunity Analysis
6.5. Tire Reinforcement
6.5.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.5.3. Market Opportunity Analysis
6.6. Electrical Insulation
6.6.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.6.3. Market Opportunity Analysis
6.7. Aerospace
6.7.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.7.3. Market Opportunity Analysis
6.8. Others
6.8.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.8.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.8.3. Market Opportunity Analysis
7. Global Aramid Fiber Market Forecast, By Region, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.1. North America
7.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Europe
7.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Asia-Pacific
7.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
7.4. Latin America
7.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.4.3. Market Opportunity Analysis
7.5. Middle East and Africa
7.5.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.5.3. Market Opportunity Analysis
7.6. Global Aramid Fiber Market – Opportunity Analysis Index, By Product Type, By Application, and Region, 2022-2028
8. North America Aramid Fiber Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.1. Product Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
8.1.1. Para-Aramid
8.1.2. Meta-Aramid
8.2. Application Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
8.2.1. Security & Protection
8.2.2. Frictional Materials
8.2.3. Rubber Reinforcement
8.2.4. Optical Fibers
8.2.5. Tire Reinforcement
8.2.6. Electrical Insulation
8.2.7. Aerospace
8.2.8. Others
8.3. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
8.3.1. USA
8.3.2. Canada
8.4. North America Aramid Fiber Market – Opportunity Analysis Index, By Product Type, By Application, and Country, 2022-2028
8.5. North America Aramid Fiber Market Dynamics – Trends
9. Europe Aramid Fiber Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.1. Product Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.1.1. Para-Aramid
9.1.2. Meta-Aramid
9.2. Application Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.2.1. Security & Protection
9.2.2. Frictional Materials
9.2.3. Rubber Reinforcement
9.2.4. Optical Fibers
9.2.5. Tire Reinforcement
9.2.6. Electrical Insulation
9.2.7. Aerospace
9.2.8. Others
9.3. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
9.3.1. Germany
9.3.2. UK
9.3.3. France
9.3.4. Spain
9.3.5. Italy
9.3.6. Rest of Europe
9.4. Europe Aramid Fiber Market – Opportunity Analysis Index, By Product Type, By Application, and Country, 2022-2028
9.5. Europe Aramid Fiber Market Dynamics – Trends
10. Asia-Pacific Aramid Fiber Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
10.1. Product Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Para-Aramid
10.1.2. Meta-Aramid
10.2. Application Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.2.1. Security & Protection
10.2.2. Frictional Materials
10.2.3. Rubber Reinforcement
10.2.4. Optical Fibers
10.2.5. Tire Reinforcement
10.2.6. Electrical Insulation
10.2.7. Aerospace
10.2.8. Others
10.3. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.3.1. China
10.3.2. India
10.3.3. Japan
10.3.4. ASEAN
10.3.5. Australia & New Zealand
10.3.6. Rest of Asia-Pacific
10.4. Asia-Pacific Aramid Fiber Market – Opportunity Analysis Index, By Product Type, By Application, and Country, 2022-2028
10.5. Asia-Pacific Aramid Fiber Market Dynamics – Trends
11. Latin America Aramid Fiber Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
11.1. Product Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Para-Aramid
11.1.2. Meta-Aramid
11.2. Application Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.2.1. Security & Protection
11.2.2. Frictional Materials
11.2.3. Rubber Reinforcement
11.2.4. Optical Fibers
11.2.5. Tire Reinforcement
11.2.6. Electrical Insulation
11.2.7. Aerospace
11.2.8. Others
11.3. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.3.1. Brazil
11.3.2. Mexico
11.3.3. Rest of Latin America
11.4. Latin America Aramid Fiber Market – Opportunity Analysis Index, By Product Type, By Application, and Country, 2022-2028
11.5. Latin America Aramid Fiber Market Dynamics – Trends
12. Middle East and Africa Aramid Fiber Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
12.1. Product Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Para-Aramid
12.1.2. Meta-Aramid
12.2. Application Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.2.1. Security & Protection
12.2.2. Frictional Materials
12.2.3. Rubber Reinforcement
12.2.4. Optical Fibers
12.2.5. Tire Reinforcement
12.2.6. Electrical Insulation
12.2.7. Aerospace
12.2.8. Others
12.3. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.3.1. Gulf Cooperation Council (GCC) Countries
12.3.2. South Africa
12.3.3. Rest of MEA
12.4. MEA Aramid Fiber Market- Opportunity Analysis Index, By Product Type, By Application, and Country, 2022-2028
12.5. MEA Aramid Fiber Market Dynamics – Trends
13. Competition Landscape 
13.1. Strategic Dashboard of Top Market Players
13.2. Company Profiles (Introduction, Financial Analysis, Key Product Types, Key Developments, Strategies, and SWOT Analysis)
13.2.1. Teijin Ltd.
13.2.2. Yantai Tayho Advanced Materials Co
13.2.3. E. I. du Pont de Nemours and Company (DowDuPont)
13.2.4. Hyosung Corp.
13.2.5. Toray Chemicals South Korea, Inc.
13.2.6. Kermel S.A.
13.2.7. Kolon Industries, Inc.
13.2.8. Huvis Corp.
13.2.9. SRO Aramid (Jiangzu) Co., Ltd.
14. Research Methodology
15. Key Assumptions and Acronyms

Report

Company Profile

  • Teijin Ltd.
  • Yantai Tayho Advanced Materials Co
  • du Pont de Nemours and Company (DowDuPont)
  • Hyosung Corp.
  • Toray Chemicals South Korea, Inc.
  • Kermel S.A.
  • Kolon Industries, Inc.
  • Huvis Corp.
  • SRO Aramid (Jiangzu) Co., Ltd.

Description

Aramid Fiber Market size is expected to be valued at USD 4,536.7 million in 2022 which is expected to grow at a CAGR of 10.2% over 2022-2028. Aramid fiber is extensively used in several applications due to its beneficial mechanical properties, such as high strength, abrasion thermal degradation, impact resistivity, resistance, and so on. Meta-aramid fiber and Para-aramid fibre are mainly used in shielding clothing. Its main applications can be found in security (body armor), aerospace and defense, and others. The fast-increasing demand for lightweight materials in protection and security applications can lead to the growth of the aramid fiber market. Moreover, the increasing necessity for lightweight materials providing substantial emission reduction in automobiles and the possible alternative for steel and asbestos accompanied by defensive measures requirement led by rising in asymmetric warfare are some primary factors that can boost the global aramid fiber market. Apart from these, the growing demand for aerospace and automotive applications can also accelerate the market in the future. the growing demand for the product from numerous industries such as oil and gas chemicals manufacturing, healthcare, and others due to severe government regulations connected to workplace safety can also drive the global market further. However, some factors such as the high costs of research and development and the non-biodegradable behavior of aramid fibers can restrain the growth of the market. The increasing demand for homeland safety and increasing defense expenditure accompanied by the rapid progressions in aramid materials manufacturing techniques can create an opportunity for the growth of the global aramid fiber market.

Key Developments:

In June 2022, Teijin Aramid announced a new concept of Woven Matrix to ease out the production process of ballistic protection solution

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