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Global Aramid Fiber Market Outlook to 2029

Market Research Reports | 2024 Edition | Report ID: BQ01661
Global Aramid Fiber Market Outlook to 2029

Report Description

Aramid fiber is a long-chain synthetic polyamide fiber with at least 85% artificial linkages directly connected to two aromatic rings. According to BlueQuark Research & Consulting, the global Aramid fiber market is expected to grow significantly during the forecasted period. Factors such as lightweight and flexible materials are in high demand, as they help reduce the weight of the vehicle's armor in the automotive sector and are expected to drive the need for the Aramid fiber market in the forecasted period. Further, the increase in defense spending by many countries and the increasing demand for aramid fiber from the aerospace sector are expected to the Aramid fiber drive the market's growth in the forecasted period.

Furthermore, substantial government spending on military and defense industries will support the development of the aramid fiber market in the forecasted period. However aramid fibers are widely used in the industry due to their durability, but they have significant drawbacks. In a damp environment, their inclination to absorb moisture discourages their use. These compounds are frequently combined with epoxy systems to address such difficulties. Such additives raise the overall cost of the product even more. Thus, this is restraining the market growth during the forecasted period.

Aramid fibers are reinforced in manufacturing tires, turbocharger hoses, powertrain components, belts, brake pads, gaskets, clutches, seat textiles, electronics, and seat sensors in automobiles due to their lightweight and high-strength capabilities.

The rising demand for the aramid fiber market from the automotive industry is driving market growth. Aramid fibers are more delicate and durable than other materials. They often weigh less and are more potent than steel. The automotive sector is concentrating on producing cars that are lighter in weight, which raises the demand for more delicate materials. The average fuel consumption of automobiles must be reduced, and lightweight materials such as aramid fiber can help with that goal. Furthermore, such fibers have exceptionally high thermal resistance, making them suitable for high-temperature applications. There has been a trend toward lighter vehicles in recent years. As a result, carmakers are building lighter automobiles by replacing metal with aramid fiber composites that are delicate, robust, and recyclable.

The aramid fiber market is benefiting from the increased need for lightweight cars. In the automotive industry, aramid fibers make materials that reinforce tires, turbocharger hoses, powertrain parts, belts, brake pads, gaskets, clutches, seat fabrics, electronics, seat sensors, and materials for hybrid motors. Aramid fibers find significant applications in automobile racing events. They are becoming a substantial alternative for fiberglass-reinforced plastic in racing automobiles, as they do not shatter and leave debris in the event of a crash. Furthermore, aramid fibers are ideal for heat shields and under-bonnet applications due to their high thermal resistance. In the current years, there has been a shift toward lightweight automobiles. Due to this, car manufacturers are designing lighter vehicles by replacing metal with composites based on aramid fiber to make them soft, rugged, and recyclable. The growing demand for lightweight vehicles is favoring the aramid fiber market.

The Asia Pacific regional market is predicted to register the fastest growth rate during the forecasted period. It is expected to grow due to the rising employment of security and protection measures across several industries. Europe had the largest revenue share. Safety restrictions in oil and gas, constructionaluminum, and steel are boosting the demand for protective garments in Europe, driving the market. Germany dominates the European automotive sector with 41 assembly and engine production factories, accounting for one-third of total vehicle production. Equipment makers, material and component suppliers, engine producers, and entire system integrators all have a presence in Germany, one of the critical manufacturing bases in the automobile industry. Para amides provide an excellent strength-to-weight ratio and are expected to increase segment growth over the forecast period with high tensile strength and modulus behavior. The product offers properties such as low elongation to break, good heat & flame resistance, good chemical resistance, and excellent ballistic characteristics, which are expected to propel its demand. In addition, high cut and good chemical resistance are projected to promote its usage across various applications, including security & protection, aerospace, and frictional materials. Meta aramid fiber is produced using wet spinning technology, which consists of spinning the fiber in a chemical solution and forming a semi-crystalline product. The product can sustain extreme tensile stress when introduced to flames and temperatures up to 400°C, which favors its adoption in high-temperature applications.

The meta-aramid fiber section also accounted for a significant market. Increasing adoption of the product in protective clothing, electrical insulation, auto racers, and protective equipment will benefit the segment's growth. The government's substantial investments in the military and defense sectors will help the para-aramid fiber market expand. The increase in defense spending has allowed governments in many nations to spend money on cutting-edge, lightweight, protective gear for their armed personnel. Aramid fiber is a substitute for asbestos and is used in military and aerospace applications such as marine cordage and hull reinforcement, ballistic-rated body armor fabric, and ballistic composites. As a result, the substantial government investment in the military and defense sector will promote market growth for aramid fibers and open up vast new opportunities.

The market's key players are Teijin Ltd., Yantai Tayho Advanced Materials Co., E. I. du Pont de Nemours and Company (DowDuPont)Hyosung Corp., and Toray Chemicals South Korea.

In June 2022, Teijin Aramid B.V. introduced the Woven Matrix concept to efficiently manufacture various ballistic protection solutions. The company's high-performance para-aramid, Twaron, creates the woven matrix. The new fabric-based matrix technology would help the company streamline its defense and security customers' manufacturing processes by declining the need for pre-pegging activities.

In May 2022, Taekwang Industry announced an expense of USD 112 million to boost aromatic polyamide (aramid) manufacturing from 1,500 to 5,000 tons per annum by 2025.

The Global Aramid Fibers Market report provides deep insight into the market's current and future state across various regions. The study comprehensively analyses the market by segmenting it based on Product Type (Para-aramid and Meta-aramid), End-user Industry (Safety and Protection Equipment, AerospaceAutomotiveElectronics, Telecommunication, and Other End-user Industries), and geography (Asia-Pacific, North America, Europe, South America, and the Middle East and Africa). The report examines the market drivers and restraints and the impact of COVID-19 on market growth in detail. The research examines emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched sections on the competitive landscape with prominent companies and profiles, including their market shares and projects.

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  Table of Contents

 

  This report helps to:-

  • Gain a deeper understanding of the impact of coronavirus on the Aramid Fibers market.
  • Equip yourself with rigorous analysis and forward-looking insight into the Aramid Fibers market across various regions.
  • Evaluate the attractiveness and state of competition in the industry to identify opportunities and develop a strategy.
  • Gain an understanding of uncertainty and discover how the most influential growth drivers and restraints in the regions will impact market development.
  • Assess market data and forecasts to understand how the demand for the Aramid Fibers Market evolves over the next five years across various regions.
  • Gain a comprehensive view of the emerging market trends and developments to assess market opportunities.
  • Be better informed of your competition by gaining access to detailed information and analysis of key industry players.
  • Keep on top of M&A developments, JVs, and other agreements to assess the evolving competitive landscape and enhance your competitive position.

  Tables and charts

Global Aramid Fibers Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027

North America Aramid Fibers Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027

United States Aramid Fibers Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027

Canada Aramid Fibers Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027

Mexico Aramid Fibers Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027

Europe Aramid Fibers Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027

United Kingdom Aramid Fibers Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027

Germany Aramid Fibers Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027

Italy Aramid Fibers Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027

France Aramid Fibers Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027

Other Supporting Charts

Rest of Europe Aramid Fibers Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027

South America Aramid Fibers Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027

Brazil Aramid Fibers Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027

Argentina Aramid Fibers Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027

Rest of South America Aramid Fibers Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027

Asia-Pacific Aramid Fibers Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027

China Aramid Fibers Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027

India Aramid Fibers Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027

Japan Aramid Fibers Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027

South Korea Aramid Fibers Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027

Rest of Asia-Pacific Aramid Fibers Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027

Middle East & Africa Aramid Fibers Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027

Saudi Arabia Aramid Fibers Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027

South Africa Aramid Fibers Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027

Rest of Middle-East & Africa Aramid Fibers Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027

  Who need this report?

  •  Aerospace Manufacturing Companies
  • Construction companies
  • Automotive manufacturing Companies
  • Suppliers, distributors of Aramid fibers
  • Government Bodies and Industry Associations
  • Investor Community
  • Financing Companies
  • Others

  What's included

Report - Global Aramid Fibers Market Outlook to 2027.pdf
Market Data - Global Aramid Fibers Market Outlook to 2027.xls

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