The global aramid fibers market size is expected to reach USD 8,569.4 Million in 2030 and register a revenue CAGR of 6.0% over the forecast period, according to the latest report by Reports and Data. The report analyzes the historical and present-day scenario of the global Aramid Fiber market, to accurately gauge its potential future development. The study presents detailed information about the important growth factors, restraints, and key trends that are creating the landscape for the future growth of the Aramid Fiber market, to identify the opportunistic avenues of the business potential for stakeholders.
Aramid Fiber can be utilized for structural applications in various types of aircraft, including spacecraft, hot air balloons, passenger airlines, fighter planes, and space shuttles. Commercial flights are always innovating to improve performance and increase fuel efficiency as fuel prices increase. As Aramid Fiber is lightweight, it has been proposed as the best option for improving fuel efficiency. Consequently, the use of Aramid Fiber in airplanes is growing, as it provides both corrosion and impact resistance. It also offers temperature stability, as well as improved vision systems.
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Top Key Players: DuPont, Toray Industries, Inc., Hyosung Corporation, Kolon Industries Inc., China National Bluestar (Group) Co. Ltd, Teijin Limited, Kermel, Ibiden Co., Ltd., SRO Aramid (Jiangsu) Co., Ltd., and Yantai Tayho Advanced Materials Co., Ltd.
The global materials & chemicals industry involves the production, distribution, sales, and consumption of industrial chemicals, specialty chemicals, commodity (bulk) chemicals, and raw materials such as natural gas, oil, paper & pulp, and metals & minerals. The growth of the global materials & chemicals industry is mainly attributed to fast-paced industrialization and extensive usage of bulk petrochemicals, electronic chemicals, polymers, inorganic chemicals, fertilizers, adhesives, sealants, coatings, and various other products in different industries including oil & gas, pharmaceutical, food & beverage, cosmetics & personal care, textile, manufacturing, petrochemical, and water, and wastewater treatment industries. Technological innovations in the electronics and semiconductor industries, rising demand for nanomaterials, and increasing preferences for environmentally sustainable chemicals and materials are other major factors contributing to the global materials & chemicals industry growth.
Some Key Highlights From the Report
- Para-aramid fiber segment is expected to register a considerable revenue growth rate over the forecast period. Para-aramid fiber is high-performance aramid fiber, with molecules that are characterized by relatively rigid polymer chains. It is produced by p-phthaloyl chloride (TPC) and p-phenylenediamine (PPD) and is used for protective apparel, tires, rubber goods, fiber-optic cable tension members, friction material, and construction reinforcement among others.
- The security & protection segment is expected to register a significant revenue growth rate over the forecast period, due to the unique set of qualities that cause these fibers to thicken when exposed to extreme heat, such as flashover. They are widely used in security & protection applications. This fiber also increases the protective shield between the heat source and the skin when firefighters need it the most. This tough barrier remains supple and flexible until it cools, providing extra minutes of protection without impairing mobility.
Type Outlook (Revenue, USD Million; 2019-2030)
- Para-Aramid Fiber
- Meta-Aramid Fiber
- Others
Spinning Process Outlook (Revenue, USD Million; 2019-2030)
- Wet Spinning
- Dry Spinning
Application Outlook (Revenue, USD Million; 2019-2030)
- Security & Protection
- Frictional Materials
- Optical Fibers
- Tire Reinforcement
- Electrical Insulation
- Others
End-Use Outlook (Revenue, USD Million; 2019-2030)
- Aerospace & Defense
- Automotive
- Electronics & Telecommunication
- Sports Goods
- Others
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The global Aramid Fiber markets are segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market? What kind of strategic business plans have they made?
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