The Asia Pacific aramid fiber market is estimated to project a CAGR of 9.03% in terms of revenue and 8.49% in terms of volume during the forecast period. The use of aramid fibres as a substitute to asbestos and steel, the rising security concerns, etc. are some of the factors propelling the growth of the market. The Asia Pacific is evaluated on the basis of markets across the regions such as, China, India, South Korea, Australia, Japan, and the Rest of Asia Pacific. The increase in the workforce capacity, rapid industrialization, favorable government initiatives, rising demands from military sectors, growing demands from construction market, growing investments in steel manufacturing and energy systems, etc. are the factors propelling the market growth across these regions.

ASIA PACIFIC ARAMID FIBER MARKET FORECAST 2019-2027

Asia Pacific Aramid Fiber market by Product (Para-aramid Fiber, Meta-aramid Fiber) by Application (Security & Protection, Frictional Materials, Rubber Reinforcement, Optical Fibers, Tire Reinforcement, Electrical Insulation, Aerospace & Other Applications) & by Geography

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Report Summary

The Asia Pacific aramid fiber market is estimated to project a CAGR of 9.03% in terms of revenue and 8.49% in terms of volume during the forecast period. The use of aramid fibers as a substitute to asbestos and steel, the rising security concerns, etc. are some of the factors propelling the growth of the market.

The Asia Pacific is evaluated on the basis of markets across regions such as China, India, South Korea, Australia, Japan, and the Rest of Asia Pacific. The increase in the workforce capacity, rapid industrialization, favorable government initiatives, rising demands from military sectors, growing demands from the construction market, growing investments in steel manufacturing and energy systems, etc. are the factors propelling the market growth across these regions. Aramid fibers are heat-resistant fibers due to which it finds huge applications in the military and aerospace sector, which is driving the market growth. Aramid fibers require research and development by the companies since it’s at an initial stage. The need for research and development is increasing due to the demand for aramid fibers by various end-users. It is expected to drive the market and help in increasing consumer awareness.

The demand for aramid fibers and the subsequent increase of research and development regarding the same is benefitting the companies in the market. Toray Industries, Inc. manufactures, processes, and sells chemical products all over the world. The products include fiber and textile products, environmental and engineering-related products. It operates across Europe, North America, and Asia, and is headquartered in Tokyo, Japan.

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RESEARCH SCOPE
- STUDY GOALS
- SCOPE OF THE MARKET STUDY
- WHO WILL FIND THIS REPORT USEFUL?
- STUDY AND FORECASTING YEARS
RESEARCH METHODOLOGY
- SOURCES OF DATA
  - SECONDARY DATA
  - PRIMARY DATA
- TOP-DOWN APPROACH
- BOTTOM-UP APPROACH
- DATA TRIANGULATION
EXECUTIVE SUMMARY
- MARKET SUMMARY
- KEY FINDINGS
  - PARA-ARAMID FIBER IS THE MAJORLY USED PRODUCT TYPE
  - SECURITY & PROTECTION IS THE LARGEST APPLICATION OF ARAMID FIBER

MARKET DYNAMICS
- MARKET DEFINITION & SCOPE
- MARKET DRIVERS
  - INCREASING CONCERN FOR SECURITY
  - SUBSTITUTE FOR STEEL AND ASBESTOS
  - HIGH STRENGTH AND HEAT RESISTANCE
- MARKET RESTRAINTS
  - COST OF MANUFACTURING IS HIGH
  - NON-BIODEGRADABLE NATURE OF ARAMID FIBER
- MARKET OPPORTUNITIES
  - SCOPE OF USE OF ARAMID FIBER IN CONSTRUCTION INDUSTRY
- MARKET CHALLENGES
  - HIGH COST OF R&D IS BLOCKING THE WAY FOR NEW PLAYERS

MARKET BY PRODUCT
- PARA-ARAMID FIBER
- META-ARAMID FIBER
MARKET BY APPLICATION
- SECURITY & PROTECTION
- FRICTIONAL MATERIALS
- RUBBER REINFORCEMENT
- OPTICAL FIBERS
- TIRE REINFORCEMENT
- ELECTRICAL INSULATION
- AEROSPACE
- OTHER APPLICATIONS
KEY ANALYTICS
- PORTER’S FIVE FORCE MODEL
  - THREAT OF NEW ENTRANTS
  - THREAT OF SUBSTITUTE
  - BARGAINING POWER OF SUPPLIERS
  - BARGAINING POWER OF BUYERS
  - INTENSITY OF COMPETITIVE RIVALRY
- OPPORTUNITY MATRIX
- VALUE CHAIN ANALYSIS
- PESTEL ANALYSIS
- VENDOR LANDSCAPE
GEOGRAPHICAL ANALYSIS
- ASIA PACIFIC
  - INDIA
  - CHINA
  - JAPAN
  - AUSTRALIA
  - SOUTH KOREA
  - REST OF ASIA PACIFIC

COMPETITIVE LANDSCAPE
- COMPANY PROFILES
  - DUPONT INC.
  - TEIJIN
  - IBIDEN CO. LTD.
  - HONEYWELL INTERNATIONAL INC.
  - TORAY INDUSTRIES, INC
  - YANTAI TAYHO ADVANCED MATERIALS CO., LTD.
  - HYOSUNG CORP.
  - KOLON INDUSTRIES, INC.
  - CHINA NATIONAL BLUESTAR (GROUP) CO., LTD.
  - SRO ARAMID (X-FIPER NEW MATERIAL CO., LTD)
  - KERMEL
  - TAEKWANG INDUSTRIAL CO., LTD.

LIST OF TABLES

TABLE 1: ASIA PACIFIC ARAMID FIBER MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 2: ASIA PACIFIC ARAMID FIBER MARKET, BY COUNTRY, 2019-2027 (IN TONS)

TABLE 3: ASIA PACIFIC ARAMID FIBER MARKET, BY PRODUCT, 2019-2027 (IN $ MILLION)

TABLE 4: ASIA PACIFIC ARAMID FIBER MARKET, BY PRODUCT, 2019-2027 (IN TONS)

TABLE 5: ASIA PACIFIC ARAMID FIBER MARKET, BY APPLICATION, 2019-2027 (IN $ MILLION)

TABLE 6: ASIA PACIFIC ARAMID FIBER MARKET, BY APPLICATION, 2019-2027 (IN TONS)

TABLE 7: OPPORTUNITY MATRIX

TABLE 8: VENDOR LANDSCAPE

TABLE 9: ASIA PACIFIC ARAMID FIBER MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 10: ASIA PACIFIC ARAMID FIBER MARKET, BY COUNTRY, 2019-2027 (IN TONS)

LIST OF FIGURES

FIGURE 1: ASIA PACIFIC ARAMID FIBER MARKET SHARE, BY APPLICATION, 2018 & 2027 (%)

FIGURE 2: ASIA PACIFIC PARA-ARAMID FIBER MARKET, 2019 – 2027 (IN $ MILLION)

FIGURE 3: ASIA PACIFIC SECURITY & PROTECTION MARKET, 2019 – 2027 (IN $ MILLION)

FIGURE 4: ASIA PACIFIC ARAMID FIBER MARKET, BY PARA-ARAMID FIBER, 2019-2027 (IN $ MILLION)

FIGURE 5: ASIA PACIFIC ARAMID FIBER MARKET, BY META-ARAMID FIBER, 2019-2027 (IN $ MILLION)

FIGURE 6: ASIA PACIFIC ARAMID FIBER MARKET, BY SECURITY & PROTECTION, 2019-2027 (IN $ MILLION)

FIGURE 7: ASIA PACIFIC ARAMID FIBER MARKET, BY FRICTIONAL MATERIALS, 2019-2027 (IN $ MILLION)

FIGURE 8: ASIA PACIFIC ARAMID FIBER MARKET, BY RUBBER REINFORCEMENT, 2019-2027 (IN $ MILLION)

FIGURE 9: ASIA PACIFIC ARAMID FIBER MARKET, BY OPTICAL FIBERS, 2019-2027 (IN $ MILLION)

FIGURE 10: ASIA PACIFIC ARAMID FIBER MARKET, BY TIRE REINFORCEMENT, 2019-2027 (IN $ MILLION)

FIGURE 11: ASIA PACIFIC ARAMID FIBER MARKET, BY ELECTRICAL INSULATION, 2019-2027 (IN $ MILLION)

FIGURE 12: ASIA PACIFIC ARAMID FIBER MARKET, BY AEROSPACE, 2019-2027 (IN $ MILLION)

FIGURE 13: ASIA PACIFIC ARAMID FIBER MARKET, BY OTHER APPLICATIONS, 2019-2027 (IN $ MILLION)

FIGURE 14: PORTER’S FIVE FORCE MODEL

FIGURE 15: VALUE CHAIN ANALYSIS

FIGURE 16: ASIA PACIFIC ARAMID FIBER MARKET, REGIONAL OUTLOOK, 2018 & 2027 (%)

FIGURE 17: INDIA ARAMID FIBER MARKET, 2019-2027 (IN $ MILLION)

FIGURE 18: CHINA ARAMID FIBER MARKET, 2019-2027 (IN $ MILLION)

FIGURE 19: JAPAN ARAMID FIBER MARKET, 2019-2027 (IN $ MILLION)

FIGURE 20: AUSTRALIA ARAMID FIBER MARKET, 2019-2027 (IN $ MILLION)

FIGURE 21: SOUTH KOREA ARAMID FIBER MARKET, 2019-2027 (IN $ MILLION)

FIGURE 22: REST OF ASIA PACIFIC ARAMID FIBER MARKET, 2019-2027 (IN $ MILLION)

Segmentation

GEOGRAPHICAL ANALYSIS
- ASIA PACIFIC
  - INDIA
  - CHINA
  - JAPAN
  - AUSTRALIA
  - SOUTH KOREA
  - REST OF ASIA PACIFIC

MARKET BY PRODUCT
- PARA-ARAMID FIBER
- META-ARAMID FIBER
MARKET BY APPLICATION
- SECURITY & PROTECTION
- FRICTIONAL MATERIALS
- RUBBER REINFORCEMENT
- OPTICAL FIBERS
- TIRE REINFORCEMENT
- ELECTRICAL INSULATION
- AEROSPACE
- OTHER APPLICATIONS

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