The global kevlar fiber market was valued at $449.2 million in 2021, and is projected to reach $653.4 million by 2031, registering a CAGR of 3.9% from 2022 to 2031.
Kevlar fiber is an organic fiber in the aromatic polyamide family and has a unique combination of high modulus, high strength, toughness, and thermal stability. It can be cut and sized into shapes that are form-fitting and hence, is used to produce a variety of clothing and accessories. Increasing product demand from diverse industries, such as healthcare, oil & gas, manufacturing, and others owing to the stringent government regulations related to workplace safety is predicted to propel the kevlar fiber market growth during the forecast period.
For the purpose of analysis, the kevlar fiber market scope covers application, and region. The use of kevlar fiber in various end-use industries, including, safety and protection, aerospace, industrial filtration, frictional materials, rubber and tire reinforcement, optical fibers, electronics and telecommunication, and others is analyzed in the report. Moreover, it analyzes the current market trends of kevlar fiber across different regions, such as North America, Europe, Asia-Pacific, and LAMEA and suggests the future growth opportunities.
The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights the key areas of investment. In addition, it includes Porter’s five forces analysis to understand the competitive scenario of the industry and role of each stakeholder. Value chain analysis for this industry, which includes R&D, components manufacturers, assembly, programming & testing, marketing & sales, customers, and post-sales services, is explained. The report features the strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of the key players to increase their market share and sustain intense competition in the industry.
In addition, the report covers profiles of key industry participants, such as Aramid Hpm LLC, CTech-LLC, C.S.R Inc., DuPont De Numerous Inc., Final Advance Materials, GAB Neumann Gmbh, Hyosung Advanced Materials, Hexcel Corporation, Huvis Corporation, Kolon Industries Inc., Stern EWS, Teijin Ltd, Toray Industries Inc., Yantai Tayho Advanced Materials Co. Ltd, and MiniFIBERS, Inc.
Kevlar fiber is an organic fiber in the aromatic polyamide family and has a unique combination of high modulus, high strength, toughness, and thermal stability. It can be cut and sized into shapes that are form-fitting and hence, is used to produce a variety of clothing and accessories. Increasing product demand from diverse industries, such as healthcare, oil & gas, manufacturing, and others owing to the stringent government regulations related to workplace safety is predicted to propel the kevlar fiber market growth during the forecast period.
For the purpose of analysis, the kevlar fiber market scope covers application, and region. The use of kevlar fiber in various end-use industries, including, safety and protection, aerospace, industrial filtration, frictional materials, rubber and tire reinforcement, optical fibers, electronics and telecommunication, and others is analyzed in the report. Moreover, it analyzes the current market trends of kevlar fiber across different regions, such as North America, Europe, Asia-Pacific, and LAMEA and suggests the future growth opportunities.
The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights the key areas of investment. In addition, it includes Porter’s five forces analysis to understand the competitive scenario of the industry and role of each stakeholder. Value chain analysis for this industry, which includes R&D, components manufacturers, assembly, programming & testing, marketing & sales, customers, and post-sales services, is explained. The report features the strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of the key players to increase their market share and sustain intense competition in the industry.
In addition, the report covers profiles of key industry participants, such as Aramid Hpm LLC, CTech-LLC, C.S.R Inc., DuPont De Numerous Inc., Final Advance Materials, GAB Neumann Gmbh, Hyosung Advanced Materials, Hexcel Corporation, Huvis Corporation, Kolon Industries Inc., Stern EWS, Teijin Ltd, Toray Industries Inc., Yantai Tayho Advanced Materials Co. Ltd, and MiniFIBERS, Inc.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the kevlar fiber market analysis from 2021 to 2031 to identify the prevailing kevlar fiber market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the kevlar fiber market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global kevlar fiber market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Application
- Safety and Protection
- Aerospace
- Industrial Filtration
- Frictional Materials
- Rubber and Tire Reinforcement
- Optical Fibers
- Electronics and Telecommunication
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest Of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest Of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest Of LAMEA
Key Market Players
- Aramid Hpm LLC
- CTech LLC
- C.S.R. Inc.
- DuPont De Numerous Inc.
- Final Advance Materials
- GAB Neumann Gmbh
- Hyosung Advanced Materials
- Hexcel Corporation
- Huvis Corporation
- Kolon Industries Inc.
- MiniFIBERS Inc.
- Stern EWS
- Teijin Ltd.
- Toray Industries Inc.
- Yantai Tayho Advanced Materials Co. Ltd
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: KEVLAR FIBER MARKET, BY APPLICATION
CHAPTER 5: KEVLAR FIBER MARKET, BY REGION
CHAPTER 6: COMPANY LANDSCAPE
CHAPTER 7: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, titled, “Kevlar Fiber Market," the kevlar fiber market size was valued at $449.2 million in 2021, and is estimated to reach $653.4 million by 2031, growing at a CAGR of 3.9% from 2022 to 2031.Kevlar fibers are widely employed in a wide range of sectors, including space, aviation, military, and electronics. These are also utilized in naval cordage and hull reinforcement, as well as ballistic-rated body armour cloth and ballistic composites. In recent years, kevlar fibers are widely employed in body armour, vehicle armour, military helmets, protective gloves, and fireproof uniforms for firemen.
Kevlar fiber friction materials reinforced with kevlar pulps demonstrate an excellent balance of friction. Kevlar fibers are used for industrial filtration that gives resistance and water absorption up to 7%. Kevlar fiber is one of the most promising fillers for the reinforcement of rubber compounds due to its remarkable mechanical qualities, thermal and chemical resistance. It is also used for reinforcement in bullet, fire-resistant clothing, and also in tire due to its lightweight, durability performances, electromagnetic neutrality, and mechanical properties. Furthermore, kevlar fiber has many other uses, including brake pads, alternator belts, gaskets, clutch plates, hoses and even tires. Kevlar fiber is used in the manufacture of superior hoses, used to connect car radiators / coolant system to the engine unit (normally for luxury sports cars and racing cars). It is also used in the production of hoses, belts, and other materials that could benefit from some extra reinforcement.
The growth of the global kevlar fiber market is majorly attributable to its wide applications in security & protection, frictional materials, industrial filtration, optical fibers, rubber reinforcement, and electrical insulation. Also, surge in demand for kevlar fiber in the security and protection is expected to drive the market growth during the forecast period. Kevlar fiber is commonly used in physical protection for body armour, vehicle armour, military helmets, protective gloves, and firefighter costumes. It is utilized in bulletproof police vests, and MCR (measurement and control technology) safety's cut-resistant gloves. Due to its high tensile module, kevlar fiber is widely used in physical security, which includes CCTV surveillance, protective barriers, locks, access control, perimeter intrusion detection, deterrent systems, fire protection, and other systems. Further, rising crime rates and terrorist activity have raised worries about the safety and security of assets, people, and systems. Increasing attacks have resulted in the loss of numerous human lives and major infrastructure damage, emphasizing the importance of physical protection.
However, availability of substitutes, such as twaron, technora, heracron, alkex, and teflon is projected to hinder the expansion of the market. Twaron fiber is used for thermal, chemical, and ballistic protection. This fiber is commonly used in industrial filtering because of its great resilience and strength. It is tough, light, and resistant to harmful chemicals and high temperatures. Teflon is also used as substitute as for kevlar fiber in some non-stick frying pans. On the contrary, upsurge in demand for kevlar fiber in the aerospace and defense sector is expected to offer ample growth opportunities for the kevlar fiber industry. Kevlar fiber can be used in all forms of aircraft, including hot air balloons, spacecraft, combat planes, passenger airlines, and space shuttles for structural uses. It is also widely used in aircraft in the form of honeycomb sheets to build highly rigid, very light bulkheads, fuel tanks, and flooring. It is used as ballistic-rated body armour cloth and ballistic composites, as well as maritime cordage and hull reinforcement.
The kevlar fiber market is segmented into application and region. On the basis of application, the market is categorized into safety and protection, aerospace, industrial filtration, frictional materials, rubber and tire reinforcement, optical fibers, electronics and telecommunication, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. The kevlar fiber market share is analyzed across all significant regions and countries.
The major players operating in the global Kevlar fiber market include Aramid Hpm LLC, CTech-LLC, C.S.R Inc., DuPont De Numerous Inc., Final Advance Materials, GAB Neumann Gmbh, Hyosung Advanced Materials, Hexcel Corporation, Huvis Corporation, Kolon Industries Inc., Stern EWS, Teijin Ltd, Toray Industries Inc., Yantai Tayho Advanced Materials Co.Ltd, and MiniFIBERS, Inc.
COVID-19 Analysis
The COVID-19 pandemic has had a negative influence on the electronic sector across the globe, causing unquantifiable losses to firms. The COVID-19 crisis has impacted the global supply chain and caused a slowdown in the electronics & telecommunication industry, which is the major end-user of kevlar fiber. For example, China is the largest manufacturer and exporter of numerous electronic input supplies that are used to manufacture finished electronic products. The ongoing production standstill in China has compelled electronic producers in Europe and the U.S. to hold the manufacturing of electronic goods temporarily.Moreover, the COVID-19 pandemic negatively impacted the aviation & aerospace industry. Nevertheless, more people are preferring aerospace for travelling and are also showing a stronger inclination towards nonstop travel in order to avoid the risk of the coronavirus. Thus, this is likely to surge the aerospace manufacturing and bolster the kevlar fiber market growth during the pandemic.
Key Findings of the Study
By application, the safety and protection segment dominated the kevlar fiber market in 2021.By region, Asia-Pacific was the highest revenue contributor in 2021 growing with a CAGR of 4.2%.
China was the highest revenue contributor in 2021 growing with a CAGR of 5.0%.
South Korea and Japan are expected to witness considerable CAGRs of 3.1% and 3.0% respectively, during the forecast period.
Companies Mentioned
- Aramid Hpm LLC
- Ctech LLC
- C.S.R. Inc.
- Dupont De Numerous Inc.
- Final Advance Materials
- Gab Neumann GmbH
- Hyosung Advanced Materials
- Hexcel Corporation
- Huvis Corporation
- Kolon Industries Inc.
- Minifibers Inc.
- Stern Ews
- Teijin Ltd.
- Toray Industries Inc.
- Yantai Tayho Advanced Materials Co. Ltd
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | August 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 449.2 million |
| Forecasted Market Value ( USD | $ 653.4 million |
| Compound Annual Growth Rate | 3.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
