Aramid fiber market size is valued at USD 8.5 billion by 2028 and is expected to grow at acompound annual growth rate of 10.70% for the forecast period of 2021 to2028. Data Bridge Market Research reporton aramid fiber market provides analysisand insights regarding the various factors expected to be prevalent throughoutthe forecasted period while providing their impacts on the market’s growth.
Aramid fiberis widely used in numerous applications owing to its advantageous mechanicalproperties, such as impact resistivity, high strength, abrasion thermaldegradation resistance among others. Para-aramid and meta-aramid fiber arelargely used in protective clothing. Its major applications can be found inaerospace and defense, security (body armor) and others.
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The rapidlyincreasing demand for lightweight materials in security and protectionapplications has highly influenced growth of the aramid fiber market. In linewith this, the going up need for lightweight materials offering significantemission reduction in vehicles is also acting as a key determinant favoring thegrowth of the aramid fiber market over the forecast period of 2021 to 2028.Also the, potential substitute for steel and asbestos along with protectivemeasures requirement led by increase in asymmetric warfare are also positivelyimpacting the growth of the aramid fiber market. The major factor accountablefor the growth of the market is the increasing demand in automotive andaerospace applications. Beside this, the increasing demand for the product fromvarious industries such as healthcare, oil and gas manufacturing and others dueto strict government regulations related to workplace safety is alsoflourishing the growth of the aramid fiber market. However, the high R&Dcosts as well as the non-biodegradable nature of aramid fibers may act as keyrestraint towards aramid fiber market growth rate in the forecast period of2021 to 2028, whereas the high cost of production have the potential tochallenge the growth of the aramid fiber market.
Furthermore,the rising demand for homeland security and higher defense spending along withthe rapid advancements in aramid materials manufacturing technology willfurther offer a variety of growth opportunities for the aramid fiber market inthe above mentioned forecast period.
This aramidfiber market report provides details of new recent developments, traderegulations, import export analysis, production analysis, value chainoptimization, market share, impact of domestic and localized market players,analyses opportunities in terms of emerging revenue pockets, changes in marketregulations, strategic market growth analysis, market size, category marketgrowths, application niches and dominance, product approvals, product launches,geographical expansions, technological innovations in the market. To gain moreinfo on aramid fiber market contact Data Bridge Market Research for an AnalystBrief, our team will help you take an informed market decision to achievemarket growth.
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Aramid fibermarket is segmented on the basis of type, application and end user. The growthamongst the different segments helps you in attaining the knowledge related tothe different growth factors expected to be prevalent throughout the market andformulate different strategies to help identify core application areas and thedifference in your target markets.
On the basisof type, the aramid fiber market is segmented into para-aramid fiber andmeta-aramid fiber.
Theapplication segment for aramid fiber market is segmented into security andprotection, frictional materials, industrial filtration, optical fibers, rubberreinforcement, tire reinforcement, electrical insulation and others.
Based on enduser, the aramid fiber market is segmented into automotive, aerospace anddefense, electronics and telecommunications, electrical and others.
Aramid fibermarket is analyzed and market size, volume information is provided by country,type, application and end user as referenced above.
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Thecountries covered in the aramid fiber market report are U.S., Canada and Mexicoin North America, Germany, France, U.K., Netherlands, Switzerland, Belgium,Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India,South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines,Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E,Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part ofMiddle East and Africa (MEA), Brazil, Argentina and Rest of South America aspart of South America.
Europe leadsthe aramid fiber market because of the strict safety regulations withinindustries such as construction, oil and gas, aluminum and steel are fuelingthe demand for protective clothing which is raising the demand of aramid fiberin this region. Asia-Pacific is expected to expand at a significant growth ofthe over the forecast of 2021 to 2028 due to increasing employment of securityand protection measures across numerous industries in this particular region.
The countrysection of the aramid fiber market report also provides individual marketimpacting factors and changes in regulation in the market domestically thatimpacts the current and future trends of the market. Data points such asconsumption volumes, production sites and volumes, import export analysis,price trend analysis, cost of raw materials, down-stream and upstream valuechain analysis are some of the major pointers used to forecast the marketscenario for individual countries. Also, presence and availability of globalbrands and their challenges faced due to large or scarce competition from localand domestic brands, impact of domestic tariffs and trade routes are consideredwhile providing forecast analysis of the country data.
Aramid fibermarket competitive landscape provides details by competitor. Details includedare company overview, company financials, revenue generated, market potential,investment in research and development, new market initiatives, globalpresence, production sites and facilities, production capacities, companystrengths and weaknesses, product launch, product width and breadth,application dominance. The above data points provided are only related to thecompanies’ focus related to aramid fiber market.
The majorplayers covered in the aramid fiber market report are DowDuPont, TEIJINLIMITED, TORAY INDUSTRIES, INC., Huvis, Yantai Tayho Advanced Materials Co.,Ltd., Solvay, KERMEL, China National Bluestar (Group) Co Ltd., TAEKWANGINDUSTRIAL CO., LTD., Aramid Hpm, LLC, FIBERMAX Ltd, Bally Ribbon Mills,HYOSUNG ADVANCED MATERIALS, Kolon Industries, Inc., c-m-pgmbh, TOYOBO CO., LTD., Coast-Line International, Composites One, Coats Groupplc, and Vectorply among other domesticand global players. Market share data is available for global, North America,Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South Americaseparately. DBMR analysts understand competitive strengths and providecompetitive analysis for each competitor separately.
GlobalAramid Fiber Market, By Type (Para-Aramid Fiber, Meta-Aramid Fiber),Application (Security and Protection, Frictional Materials, IndustrialFiltration, Optical Fibers, Rubber Reinforcement, Tire Reinforcement,Electrical Insulation, Others), End User (Automotive, Aerospace and Defense,Electronics and Telecommunications, Electrical, Others) Country (U.S., Canada,Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K.,Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe,Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand,Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, SouthAfrica, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to2028
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