$4.2 Billion Worldwide Aramid Fiber Industry to 2031 –

Dublin, September 19, 2022 (GLOBE NEWSWIRE) — The “Global Aramid Fiber Market Report 2022” Report has been added to ResearchAndMarkets.com offering.

This report provides strategists, marketers, and senior management with the critical information they need to assess the global Aramid Fiber market.

This report focuses on the aramid fiber market, which is experiencing strong growth. The report provides a guide to the aramid fiber market that will shape and change our lives for the next ten years and beyond, including the markets’ response to the challenge of the global pandemic.

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Some of the major players in the aramid fiber market are Teijin Ltd, DuPont De Numerous Inc, Yantai Tayho Advanced Materials Co. Ltd, Hyosung Corp, Toray Industries Inc., Kolon Industries Inc, Huvis Corporation, Kermel, China National Bluestar ( Group) Co. Ltd, SRO Aramid Co. Ltd., JSC Kamenskvolokno, X-FIPER New Material Co. Ltd., Toyobo Co Ltd, Taekwang Industrial, Jiaxing Newtex Composites Co. Ltd, Guangdong Charming Company, Bally Ribbon Mills, Coats group plc, Vectorply and Solvay.

The global aramid fiber market is expected to grow from $3.8 billion in 2021 to $4.28 billion in 2022 at a compound annual growth rate (CAGR) of 12.7%. The aramid fiber market is expected to reach $6 billion by 2026 with a CAGR of 8.8%.

The aramid fiber market consists of sales of aramid fiber by entities (organizations, sole traders, and associations) that refers to a synthetic fiber in which the fiber-forming component is a long-chain synthetic polyamide with about 85 percent of the amide bonds attached. to two aromatic rings. Aramid fibers are high-performance fibers made from man-made molecules with relatively stiff polymer chains. These molecules are linked by strong hydrogen bonds that efficiently transfer mechanical stress, allowing the use of chains with low molecular weight. Aramid fiber is mainly used for the reinforcement of composites such as sporting goods, aviation and military vehicles, as well as fabrics in garments such as fire safety garments or bulletproof jackets.

The main types of aramid fiber are para-aramid fiber and meta-aramid fiber. Para-aramid is a heat and flame resistant synthetic fiber with high tensile strength, impact resistance and low elongation at break. It is also resistant to acids and alkalis. The various applications include protective fabrics, friction materials, optical fibers, tire reinforcement, rubber reinforcement, composites, and others that are used by various end-use industries, such as aerospace and defense, automotive, electronics and telecommunications, sporting goods, and others. .

Europe was the largest region in the aramid fiber market in 2021. Asia Pacific is expected to be the fastest growing region in the forecast period. Regions covered in the Aramid Fiber report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The growing need for lightweight materials that offer significant reduction in vehicle emissions is contributing to the growth of the aramid fiber market. Using lightweight materials in cars helps reduce weight, fuel consumption, and greenhouse gas emissions. Aramid fibers are used as reinforced materials in the manufacture of tires, turbocharger hoses, powertrain components, belts, brake pads, gaskets, clutches, seat textiles, electronics, and seat sensors in automobiles due to their light weight and high resistance.

For example, according to Electronic Specifier, a UK-based publisher of global electronics industry information resources, lightweight material in the automotive industry is projected to expand at a CAGR of 5% by 2028. Thus, Increasing demand for lightweight materials that offer emission reductions in vehicles will drive the growth of the aramid fiber market.

Strong government spending in the military and defense industries will support the growth of the aramid fiber market in the future. The increase in the defense budget is allowing the governments of many countries to invest in advanced and lightweight protective equipment for military forces. Aramid fibers are used in aerospace and military applications, including fabrics for ballistic-rated body armor and ballistic composites, marine cordage and hull reinforcement, and as a substitute for asbestos.

For example, according to the Stockholm International Peace Research Institute, a Sweden-based institute that provides data, analysis, and recommendations on armed conflict, military spending, and arms trafficking, the US government spent $778 billion in defense in 2020, 4.4% more. since 2019. In addition, the United States, as the world’s largest military spender, accounted for 39% of total military spending in 2020. Thus, strong government spending on military and defense industries will support fiber market growth. aramid.

Increasing investments have become the main trend gaining popularity in the aramid fiber market. Aramid fiber manufacturing companies are investing in expanding their aramid fiber production capacity to meet growing demand from end-use sectors.

Countries Covered in Aramid Fiber Market Report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Key Topics Covered:

1. Executive Summary

2. Characteristics of the Aramid Fiber Market

3. Aramid Fiber Market Trends and Strategies

4. Impact of COVID-19 on aramid fiber

5. Aramid Fiber Market Size and Growth
5.1. Historical world aramid fiber market, 2015-2020, billion dollars
5.1.1. market drivers
5.1.2. market restrictions
5.2. Global Aramid Fiber Market Forecast, 2020-2025F, 2030F, $ Billion
5.2.1. market drivers
5.2.2. market restrictions

6. Aramid Fiber Market Segmentation
6.1. Global Aramid Fiber Market, Segmentation by Type, Historical and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

  • Para-aramid fiber
  • meta-aramid fiber

6.2. Global Aramid Fiber Market, Segmentation by Application, Historical and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

  • protective fabrics
  • friction materials
  • Optical fibers
  • tire reinforcement
  • rubber reinforcement
  • Composition
  • Other apps

6.3. Global Aramid Fiber Market, Segmentation by End-Use Industry, Historical and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

  • Aerospace and Defense
  • Automotive
  • Electronics and Telecommunications
  • Sports articles
  • Other end users

7. Country and Regional Analysis of Aramid Fiber Market
7.1. Global Aramid Fiber Market, Split By Region, Historical And Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7.2. Global Aramid Fiber Market, Split by Country, Historical and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

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