GLOBAL ARAMID FIBER MARKET FORECAST 2019-2027

  • You are here:
  • Home
  • Reports
  • GLOBAL ARAMID FIBER MARKET FORECAST 2019-2027

GLOBAL ARAMID FIBER MARKET FORECAST 2019-2027

According to Inkwood Research, the global Aramid Fiber market is estimated to grow with an anticipated CAGR of 7.45% during the forecast period & will reach revenue of $6065 million by 2027. The base year considered for the market study is 2018, and the forecasted period is between 2019 & 2027. Aramid fiber is a synthetic high-end specialty fiber which has features like high heat resistance and high tensile strength, high impact resistance, abrasion resistance, low density, and advanced chemical resistance. Hence, it becomes useful for industrial applications, such as defense, automotive, aerospace, and optical fiber systems.

GLOBAL ARAMID FIBER MARKET FORECAST 2019-2027

Global 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

Request free sample

According to Inkwood Research, the global market for aramid fiber is estimated to grow with an anticipated CAGR of 7.45% during the forecast period & will reach revenue of $6065 million by 2027. The base year considered for the market study is 2018, and the forecasted period is between 2019 & 2027.

Aramid fiber is a synthetic high-end specialty fiber which has features like high heat resistance and high tensile strength, high impact resistance, abrasion resistance, low density, and advanced chemical resistance. Hence, it becomes useful for industrial applications, such as defense, automotive, aerospace, and optical fiber systems. They are widely used for making ballistic body armors, sporting goods, helmets, and other protective clothing, due to their high strength and heat resistant properties. DuPont was the first to produce and commercialize Aramid fiber in the 1960s.

The global aramid fiber market is driven by: 

  • Increasing concern for security
  • Substitute for steel and asbestos
  • High strength and heat resistance

Aramid Fiber market

To know more about this report, request a free sample copy

Increasing concern for safety is considered as a prime driver for the growth of the global aramid fiber market. Increasing demand for security & protective measures in various end-use industries such as military and construction is anticipated to boost the demand for aramid fibers over the forecast period. Aramid fiber is widely utilized in the making of protective clothing, equipment, and accessories owing to its excellent fiber, chemical, mechanical, and thermal properties. The security & protection application segment dominated the aramid fiber market in the past few years, and this trend is anticipated to continue over the forecast period.

Para-aramid fiber is the leading product type in terms of revenue in the global aramid fiber market with around 72.45% market share in 2018. Para-aramid fiber namely Kevlar® is a synthetic fiber that has a considerable strength-to-weight ratio. The dry-jet by the wet spinning method creates the para-aramid fibers. It contains fully extended liquid crystal chains that are formed along the fiber axis with an excessive degree of crystallinity. The resultant increases the strength of the fiber.

On the other hand, the cost of aramid fiber restricts global aramid fiber market growth. Several processing types such as doubling/assembly winding, twisting, bonding, water-blocking, adhesion promoters, and final winding can affect the production cost of aramid fibers. However, the price is not necessarily determined by the raw material pricing. The production cost fluctuates substantially depending on the aramid, final yarn construction, and processing steps required. Generally, the more processing steps involved, the higher is the aramid product cost.

Report scope of global aramid fiber market covers segmentation analysis of product, application, and region.

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 application

On the basis of geography, the global aramid fiber market has been segmented into four major regions:

Geographically, Europe is the largest market with a market share of 35.55% in terms of revenue in 2018. Europe was the largest market for aramid fibers owing to the increasing demand from various application sectors such as security & protection, optical fibers, electrical insulation, rubber reinforcement, and tire reinforcement. Robust growth in these application products is expected to fuel the demand for aramid fibers during the forecast period.

The market has a number of players & some of the major key players involved in the global aramid fiber market are:

  • DUPONT INC.
  • TEIJIN
  • IBIDEN CO. LTD.
  • HONEYWELL INTERNATIONAL INC.
  • TORAY INDUSTRIES, INC

Key findings of the global aramid fiber market:

  • Para-aramid fiber is the majorly used product type
  • Security & protection is the largest application of aramid fiber
  1. RESEARCH SCOPE
    • STUDY GOALS
    • SCOPE OF THE MARKET STUDY
    • WHO WILL FIND THIS REPORT USEFUL?
    • STUDY AND FORECASTING YEARS
  2. RESEARCH METHODOLOGY
    • SOURCES OF DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • TOP-DOWN APPROACH
    • BOTTOM-UP APPROACH
    • DATA TRIANGULATION
  3. EXECUTIVE SUMMARY
    • MARKET SUMMARY
    • KEY FINDINGS
      • PARA-ARAMID FIBER IS THE MAJORLY USED PRODUCT TYPE
      • SECURITY & PROTECTION IS THE LARGEST APPLICATION OF ARAMID FIBER
  1. 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
  1. MARKET BY PRODUCT
    • PARA-ARAMID FIBER
    • META-ARAMID FIBER
  2. MARKET BY APPLICATION
    • SECURITY & PROTECTION
    • FRICTIONAL MATERIALS
    • RUBBER REINFORCEMENT
    • OPTICAL FIBERS
    • TIRE REINFORCEMENT
    • ELECTRICAL INSULATION
    • AEROSPACE
    • OTHER APPLICATIONS
  3. 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
  4. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
    • EUROPE
      • UNITED KINGDOM
      • GERMANY
      • FRANCE
      • ITALY
      • SPAIN
      • RUSSIA
      • REST OF EUROPE
    • ASIA PACIFIC
      • INDIA
      • CHINA
      • JAPAN
      • AUSTRALIA
      • SOUTH KOREA
      • REST OF ASIA PACIFIC
    • REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST AND AFRICA
  1. 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: GLOBAL ARAMID FIBER MARKET, BY GEOGRAPHY, 2019-2027 (IN $ MILLION)

TABLE 2: GLOBAL ARAMID FIBER MARKET, BY GEOGRAPHY, 2019-2027 (IN TONS)

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

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

TABLE 5: GLOBAL PARA-ARAMID FIBER MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 6: GLOBAL META-ARAMID FIBER MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 7: GLOBAL ARAMID FIBER MARKET, BY APPLICATION, 2019-2027 (IN $ MILLION)

TABLE 8: GLOBAL ARAMID FIBER MARKET, BY APPLICATION, 2019-2027 (IN TONS)

TABLE 9: GLOBAL SECURITY & PROTECTION MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 10: GLOBAL FRICTIONAL MATERIALS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 11: GLOBAL RUBBER REINFORCEMENT MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 12: GLOBAL OPTICAL FIBERS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 13: GLOBAL TIRE REINFORCEMENT MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 14: GLOBAL ELECTRICAL INSULATION MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 15: GLOBAL AEROSPACE MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 16: GLOBAL OTHER APPLICATIONS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 17: OPPORTUNITY MATRIX

TABLE 18: VENDOR LANDSCAPE

TABLE 19: GLOBAL ARAMID FIBER MARKET, BY GEOGRAPHY, 2019-2027 (IN $ MILLION)

TABLE 20: GLOBAL ARAMID FIBER MARKET, BY GEOGRAPHY, 2019-2027 (IN TONS)

TABLE 21: NORTH AMERICA ARAMID FIBER MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 22: NORTH AMERICA ARAMID FIBER MARKET, BY COUNTRY, 2019-2027 (IN TONS)

TABLE 23: EUROPE ARAMID FIBER MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 24: EUROPE ARAMID FIBER MARKET, BY COUNTRY, 2019-2027 (IN TONS)

TABLE 25: ASIA PACIFIC ARAMID FIBER MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 26: ASIA PACIFIC ARAMID FIBER MARKET, BY COUNTRY, 2019-2027 (IN TONS)

TABLE 27: REST OF WORLD ARAMID FIBER MARKET, BY REGIONS, 2019-2027 (IN $ MILLION)

TABLE 28: REST OF WORLD ARAMID FIBER MARKET, BY REGIONS, 2019-2027 (IN TONS)

LIST OF FIGURES

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

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

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

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

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

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

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

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

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

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

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

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

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

FIGURE 14: PORTER’S FIVE FORCE MODEL

FIGURE 15 VALUE CHAIN ANALYSIS

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

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

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

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

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

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

FIGURE 22: ITALY ARAMID FIBER MARKET, 2019-2027 (IN $ MILLION)

FIGURE 23: SPAIN ARAMID FIBER MARKET, 2019-2027 (IN $ MILLION)

FIGURE 24: RUSSIA ARAMID FIBER MARKET, 2019-2027 (IN $ MILLION)

FIGURE 25: ROE ARAMID FIBER MARKET, 2019-2027 (IN $ MILLION)

FIGURE 26: INDIA ARAMID FIBER MARKET, 2019-2027 (IN $ MILLION)

FIGURE 27: CHINA ARAMID FIBER MARKET, 2019-2027 (IN $ MILLION)

FIGURE 28: JAPAN ARAMID FIBER MARKET, 2019-2027 (IN $ MILLION)

FIGURE 29: AUSTRALIA ARAMID FIBER MARKET, 2019-2027 (IN $ MILLION)

FIGURE 30: SOUTH KOREA ARAMID FIBER MARKET, 2019-2027 (IN $ MILLION)

FIGURE 31: REST OF ASIA PACIFIC ARAMID FIBER MARKET, 2019-2027 (IN $ MILLION)

FIGURE 32: LATIN AMERICA ARAMID FIBER MARKET, 2019-2027 (IN $ MILLION)

FIGURE 33: MIDDLE EAST AND AFRICA ARAMID FIBER MARKET, 2019-2027 (IN $ MILLION)

  1. MARKET BY PRODUCT
    • PARA-ARAMID FIBER
    • META-ARAMID FIBER
  2. MARKET BY APPLICATION
    • SECURITY & PROTECTION
    • FRICTIONAL MATERIALS
    • RUBBER REINFORCEMENT
    • OPTICAL FIBERS
    • TIRE REINFORCEMENT
    • ELECTRICAL INSULATION
    • AEROSPACE
    • OTHER APPLICATIONS
  3. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
    • EUROPE
      • UNITED KINGDOM
      • GERMANY
      • FRANCE
      • ITALY
      • SPAIN
      • RUSSIA
      • REST OF EUROPE
    • ASIA PACIFIC
      • INDIA
      • CHINA
      • JAPAN
      • AUSTRALIA
      • SOUTH KOREA
      • REST OF ASIA PACIFIC
    • REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST AND AFRICA

To request a free sample copy of this report, please complete the form below :

We offer 10% free customization including country-level data, niche applications and competitive landscape with every report.

Choose License Type

Buy Now