Global aramid fiber market is expected to reach USD 6.74 Billion by 2025, at a CAGR of 11.03% from 2018 to 2025. The key contributing factor for the market growth includes expanded interest for security and protection applications that use lightweight materials, demand for substitute of steel and asbestos materials, and rising requirement for lightweight materials offering less emissions in vehicles.
Aramid fiber are fibers with molecules of rigid polymer chains that provide heat resistant, light weight, and synthetic fiber nature. These polymer chains in fiber are connected by hydrogen bonds that enables the transfer of mechanical stress effortlessly and efficiently. These fibers are of two types such as aramid fiber and meta-aramid fiber that are used for security and protection applications. For instance, in 2016, Teijin Limited launched Xfire DENIM product based on the aramid fiber. This product was designed for professional and volunteer fire corps to protect them from the fire. The aramid fibers have high abrasion impact and damage resistivity. The aramid fiber are mainly used in industrial, military and civilian applications.
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The base year for the study has been considered 2017, historic year 2015 and 2016 and, the forecast period considered is from 2018 to 2025. The aramid fiber market is analysed on the basis of Volume (Thousand Tons) and value (USD Million).
The report provides the key data of production (‘000 Tons), consumption (‘000 Tons), import & export (‘000 Tons), demand, supply and gap analysis in order to understand the present and future scenario of the market.
The study delivers a comprehensive analysis of global aramid fiber market by type, application, and regions.
The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2018 to 2025.
Porter’s Five Forces model is used in order to recognize the competitive scenario in the global aramid fiber market. This report incorporates the industry analysis which is focused on providing an extensive view of the aramid fiber market.
The study also includes attractiveness analysis of type, application, and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
The report provides company profile of the key players operating in the aramid fiber market and a comparative analysis based on their business overviews, product offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
The market estimates have been evaluated by considering the effect of different political, economic, social, technological and legal factors which are based on our extensive secondary research, primary research, and in-house databases.
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Regional Segmentation Analysis:
The market is analysed on the basis of five regions namely Europe, Asia Pacific, North America, South America, and Middle East and Africa. Europe held the largest market share of approximately 29.34% in 2017. The government regulations for safety in automotive and defence verticals and demand for lightweight materials for reducing the carbon dioxide emissions will led to the growth of aramid fiber market in this region.
The major players for aramid fiber market include DowDuPont, Hyosung Corp., Kolon Industries Inc., Taekwang Industrial Co., Ltd., SRO Aramid Co. Ltd., Toray Industries Inc., Huvis Corp., Yantai Tayho Advanced Material Co., Teijin Ltd., China National Bluestar, and among others.
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