Aramid Fiber Reinforcement Materials Market by Type, by End Use - Global Opportunity Analysis and Industry Forecast, 2020-2030

Market Definition:

The Global Aramid Fiber Reinforcement Materials Market was valued at USD 3.73 billion in 2019, and is estimated to garner USD 7.83 billion by 2030, expanding at a CAGR of 6.7% during the forecast period, from 2020 to 2030.

Aramid fiber reinforced materials are a class of heat-resistant, strong synthetic fibers made from a polymer matrix reinforced with aramid fibers, having extremely high melting point of more than 500°C. Such fiber has characteristics such as high temperature resistance, high elastic modulus, high abrasion resistance, and high tensile strength. It has wide applications in industries such as aerospace & defense, automotive, consumer goods, and marine. In the defense sector, the fiber is majorly used to make body armor fabrics or bullet-proof vests and other ballistic composites.

Market Dynamics and Trends

The expansion of the global aramid fiber reinforcement materials market is attributed to the growing demand from aerospace & defense sector, rising safety & security concerns, stringent regulatory standards regarding workplace safety, high inclination towards lightweight materials to decrease energy consumption, and increasing operational efficiency of finished goods.

Also, other benefits offered by the aramid fiber reinforcement materials such flame and heat resistance, low creep, thermal dimensional stability, and high strength are anticipated to propel the adoption of aramid fiber reinforcement materials market.

However, non-bio degradable nature of aramid fiber, high sensitivity to ultra-violet radiations and humidity, high production cost, capital investments, and fluctuating prices of raw-materials are expected to inhibit the market expansion. However, investment in the development of innovative technology that decreases manufacturing costs and increase operational efficiency are expected to create opportunities in the market during the forecast period.

Market Segmentations and Scope of the Study:

The global aramid fiber reinforcement materials market is segmented based on type, end use industry, and geography. On the basis of type, the market is segregated into para-aramid fibers, meta-aramid fibers, and others. In terms of end use, the market is divided into aerospace & defense, automotive, consumer goods, marine, and others. Based on geography, the global aramid fiber reinforcement materials market is fragmented into North America, Asia-Pacific, Europe, and Rest of the World (RoW).

Geographical Analysis

North America dominated the global aramid fiber reinforcement materials market in 2019, and this trend is expected to continue during the forecast period due to the rising investments in the defence sector, rising number of refurbishment activities, presence of key market players in this region, and growing demand for these materials in the transportation and protective clothing industries.

The market in Asia-Pacific is expected to grow at a rapid pace owing to the presence of developing economies, increase in urbanization, growing demand for Internet of Things (IoT) and telecommunication in the region. Also, developments in sectors such as automotive, electronics, and aviation is fuelling the demand for aramid fiber in the region.

Competitive Landscape

Players in the aramid fiber reinforcement materials market include E. I. du Pont de Nemours and Company, Kolon Industries, Inc., Teijin Ltd., Honeywell International Inc., Hyosung Corporation, Toray Industries, Inc., SRO Aramid (Jiangsu) Co., Ltd., Yantai Tayho Advanced materials Co., Ltd., Huvis Corporation, and Ibiden Co., Ltd.

KEY MARKET SEGMENTS:

Global Aramid Fiber Reinforcement Materials Market - By Type

Para-aramid Fibers
Meta-aramid Fibers
Others

Global Aramid Fiber Reinforcement Materials Market - By End Use Industry

Aerospace & Defense
Automotive
Consumer Goods
Marine
Others

Global Aramid Fiber Reinforcement Materials Market - By Geography

North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Turkey
Russia
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
RoW
UAE
Saudi Arabia
South Africa
Brazil
Remaining Countries

KEY PLAYERS:

E. I. du Pont de Nemours and Company
Kolon Industries, Inc.
Teijin Ltd.
Honeywell International Inc.
Hyosung Corporation
Toray Industries, Inc.
SRO Aramid (Jiangsu) Co., Ltd.
Yantai Tayho Advanced materials Co., Ltd.
Huvis Corporation
Ibiden Co., Ltd.

1. Introduction

1.1. Report Description
1.2. Research Methodology
1.2.1 Secondary Research
1.2.2 Data Analysis Framework
1.2.3 Market Size Estimation
1.2.4 Forecasting
1.2.5 Primary Research and Data Validation

2. Market Snapshot, 2019-2030 Million Usd

2.1. Market Snapshot

3. Porter's Five Force Model Analysis

4. Market Dynamics

4.1. Growth Drivers
4.1.1 Driver 1
4.1.2 Driver 2
4.1.3 Driver 3
4.1.4 Driver 4
4.2. Challenges
4.2.1 Challenge 1
4.2.2 Challenge 2
4.3. Opportunities
4.3.1 Opportunity 1
4.3.2 Opportunity 2

5. Global Aramid Fiber Reinforcement Materials Market, by Type

5.1. Overview
5.2. Para-Aramid Fibers
5.2.1 Para-Aramid Fibers Market, by Region
5.2.1.1 North America Para-Aramid Fibers Market, by Country
5.2.1.2 Europe Para-Aramid Fibers Market, by Country
5.2.1.3 Asia-Pacific Para-Aramid Fibers Market, by Country
5.2.1.4 Rest of World Para-Aramid Fibers Market, by Country
5.3. Meta-Aramid Fibers
5.3.1 Meta-Aramid Fibers Market, by Region
5.3.1.1 North America Meta-Aramid Fibers Market, by Country
5.3.1.2 Europe Meta-Aramid Fibers Market, by Country
5.3.1.3 Asia-Pacific Meta-Aramid Fibers Market, by Country
5.3.1.4 Rest of World Meta-Aramid Fibers Market, by Country
5.4. Other Types
5.4.1 Other Types Market, by Region
5.4.1.1 North America Other Types Market, by Country
5.4.1.2 Europe Other Types Market, by Country
5.4.1.3 Asia-Pacific Other Types Market, by Country
5.4.1.4 Rest of World Other Types Market, by Country

6. Global Aramid Fiber Reinforcement Materials Market, by End Use Industry

6.1. Overview
6.2. Aerospace & Defence
6.2.1 Aerospace & Defence Market, by Region
6.2.1.1 North America Aerospace & Defence Market, by Country
6.2.1.2 Europe Aerospace & Defence Market, by Country
6.2.1.3 Asia-Pacific Aerospace & Defence Market, by Country
6.2.1.4 Rest of World Aerospace & Defence Market, by Country
6.3. Automotive
6.3.1 Automotive Market, by Region
6.3.1.1 North America Automotive Market, by Country
6.3.1.2 Europe Automotive Market, by Country
6.3.1.3 Asia-Pacific Automotive Market, by Country
6.3.1.4 Rest of World Automotive Market, by Country
6.4. Consumer Good
6.4.1 Consumer Good Market, by Region
6.4.1.1 North America Consumer Good Market, by Country
6.4.1.2 Europe Consumer Good Market, by Country
6.4.1.3 Asia-Pacific Consumer Good Market, by Country
6.4.1.4 Rest of World Consumer Good Market, by Country
6.5. Marine
6.5.1 Marine Market, by Region
6.5.1.1 North America Marine Market, by Country
6.5.1.2 Europe Marine Market, by Country
6.5.1.3 Asia-Pacific Marine Market, by Country
6.5.1.4 Rest of World Marine Market, by Country
6.6. Others
6.6.1 Others Market, by Region
6.6.1.1 North America Others Market, by Country
6.6.1.2 Europe Others Market, by Country
6.6.1.3 Asia-Pacific Others Market, by Country
6.6.1.4 Rest of World Others Market, by Country

7. Global Aramid Fiber Reinforcement Materials Market, by Region

7.1. Overview
7.2. North America
7.2.1 North America Aramid Fiber Reinforcement Materials Market, by Type
7.2.2 North America Aramid Fiber Reinforcement Materials Market, by End Use Industry
7.2.3 North America Aramid Fiber Reinforcement Materials, Market by Country
7.2.3.1 U.S
7.2.3.1.1 U.S Aramid Fiber Reinforcement Materials Market, by Type
7.2.3.1.2 U.S Aramid Fiber Reinforcement Materials Market, by End Use Industry
7.2.3.2 Canada
7.2.3.2.1 Canada Aramid Fiber Reinforcement Materials Market, by Type
7.2.3.2.2 Canada Aramid Fiber Reinforcement Materials Market, by End Use Industry
7.2.3.3 Mexico
7.2.3.3.1 Mexico Aramid Fiber Reinforcement Materials Market, by Type
7.2.3.3.2 Mexico Aramid Fiber Reinforcement Materials Market, by End Use Industry
7.3. Europe
7.3.1 Europe Aramid Fiber Reinforcement Materials Market, by Type
7.3.2 Europe Aramid Fiber Reinforcement Materials Market, by End Use Industry
7.3.3 Europe Aramid Fiber Reinforcement Materials, Market by Country
7.3.3.1 United Kingdom
7.3.3.1.1 United Kingdom Aramid Fiber Reinforcement Materials Market, by Type
7.3.3.1.2 United Kingdom Aramid Fiber Reinforcement Materials Market, by End Use Industry
7.3.3.2 Germany
7.3.3.2.1 Germany Aramid Fiber Reinforcement Materials Market, by Type
7.3.3.2.2 Germany Aramid Fiber Reinforcement Materials Market, by End Use Industry
7.3.3.3 France
7.3.3.3.1 France Aramid Fiber Reinforcement Materials Market, by Type
7.3.3.3.2 France Aramid Fiber Reinforcement Materials Market, by End Use Industry
7.3.3.4 Italy
7.3.3.4.1 Italy Aramid Fiber Reinforcement Materials Market, by Type
7.3.3.4.2 Italy Aramid Fiber Reinforcement Materials Market, by End Use Industry
7.3.3.5 Spain
7.3.3.5.1 Spain Aramid Fiber Reinforcement Materials Market, by Type
7.3.3.5.2 Spain Aramid Fiber Reinforcement Materials Market, by End Use Industry
7.3.3.6 Rest of Europe
7.3.3.6.1 Rest of Europe Aramid Fiber Reinforcement Materials Market, by Type
7.3.3.6.2 Rest of Europe Aramid Fiber Reinforcement Materials Market, by End Use Industry
7.4. Asia-Pacific
7.4.1 Asia-Pacific Aramid Fiber Reinforcement Materials Market, by Type
7.4.2 Asia-Pacific Aramid Fiber Reinforcement Materials Market, by End Use Industry
7.4.3 Asia-Pacific Aramid Fiber Reinforcement Materials, Market by Country
7.4.3.1 China
7.4.3.1.1 China Aramid Fiber Reinforcement Materials Market, by Type
7.4.3.1.2 China Aramid Fiber Reinforcement Materials Market, by End Use Industry
7.4.3.2 Japan
7.4.3.2.1 Japan Aramid Fiber Reinforcement Materials Market, by Type
7.4.3.2.2 Japan Aramid Fiber Reinforcement Materials Market, by End Use Industry
7.4.3.3 Korea
7.4.3.3.1 Korea Aramid Fiber Reinforcement Materials Market, by Type
7.4.3.3.2 Korea Aramid Fiber Reinforcement Materials Market, by End Use Industry
7.4.3.4 Rest of Asia-Pacific
7.4.3.4.1 Rest of Asia-Pacific Aramid Fiber Reinforcement Materials Market, by Type
7.4.3.4.2 Rest of Asia-Pacific Aramid Fiber Reinforcement Materials Market, by End Use Industry
7.5. Rest of World
7.5.1 Rest of World Aramid Fiber Reinforcement Materials Market, by Type
7.5.2 Rest of World Aramid Fiber Reinforcement Materials Market, by End Use Industry
7.5.3 Rest of World Aramid Fiber Reinforcement Materials, Market by Country
7.5.3.1 South Africa
7.5.3.1.1 South Africa Aramid Fiber Reinforcement Materials Market, by Type
7.5.3.1.2 South Africa Aramid Fiber Reinforcement Materials Market, by End Use Industry
7.5.3.2 Brazil
7.5.3.2.1 Brazil Aramid Fiber Reinforcement Materials Market, by Type
7.5.3.2.2 Brazil Aramid Fiber Reinforcement Materials Market, by End Use Industry
7.5.3.3 Argentina
7.5.3.3.1 Argentina Aramid Fiber Reinforcement Materials Market, by Type
7.5.3.3.2 Argentina Aramid Fiber Reinforcement Materials Market, by End Use Industry
7.5.3.4 Remaining Countries
7.5.3.4.1 Remaining Countries Aramid Fiber Reinforcement Materials Market, by Type
7.5.3.4.2 Remaining Countries Aramid Fiber Reinforcement Materials Market, by End Use Industry

8. Company Profiles

8.1. Dupont
8.1.1 Company Overview
8.1.2 Company Snapshot
8.1.3 Operating Business Segments
8.1.4 Product Portfolio
8.1.5 Business Performance
8.1.6 Key Strategic Moves and Development
8.2. Honeywell International Inc.
8.2.1 Company Overview
8.2.2 Company Snapshot
8.2.3 Operating Business Segments
8.2.4 Product Portfolio
8.2.5 Business Performance
8.2.6 Key Strategic Moves and Development
8.3. Huvis Corporation
8.3.1 Company Overview
8.3.2 Company Snapshot
8.3.3 Operating Business Segments
8.3.4 Product Portfolio
8.3.5 Business Performance
8.3.6 Key Strategic Moves and Development
8.4. Hyosung Corporation
8.4.1 Company Overview
8.4.2 Company Snapshot
8.4.3 Operating Business Segments
8.4.4 Product Portfolio
8.4.5 Business Performance
8.4.6 Key Strategic Moves and Development
8.5. Ibiden Co.Ltd
8.5.1 Company Overview
8.5.2 Company Snapshot
8.5.3 Operating Business Segments
8.5.4 Product Portfolio
8.5.5 Business Performance
8.5.6 Key Strategic Moves and Development
8.6. Kolon Industries Inc.
8.6.1 Company Overview
8.6.2 Company Snapshot
8.6.3 Operating Business Segments
8.6.4 Product Portfolio
8.6.5 Business Performance
8.6.6 Key Strategic Moves and Development
8.7. Sro Aramid (Jiangsu) Co.Ltd
8.7.1 Company Overview
8.7.2 Company Snapshot
8.7.3 Operating Business Segments
8.7.4 Product Portfolio
8.7.5 Business Performance
8.7.6 Key Strategic Moves and Development
8.8. Teijin Limited
8.8.1 Company Overview
8.8.2 Company Snapshot
8.8.3 Operating Business Segments
8.8.4 Product Portfolio
8.8.5 Business Performance
8.8.6 Key Strategic Moves and Development
8.9. Toray Industries
8.9.1 Company Overview
8.9.2 Company Snapshot
8.9.3 Operating Business Segments
8.9.4 Product Portfolio
8.9.5 Business Performance
8.9.6 Key Strategic Moves and Development
8.10. Yantai Tayho Advanced Materials Co.Ltd
8.10.1 Company Overview
8.10.2 Company Snapshot
8.10.3 Operating Business Segments
8.10.4 Product Portfolio
8.10.5 Business Performance
8.10.6 Key Strategic Moves and Development

Executive Summary

Aramid Fiber Reinforcement Materials Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2020-2030- Rise in application of aramid fiber reinforcement materials, technological advancements, and increasing demand for high performance materials are key drivers of the Global Aramid Fiber Reinforcement Materials Market.

Aramid fiber reinforcement materials refer to a specially designed synthetic fiber with high tensile strength and high heat resistant properties. These properties increase the use of these materials in a range of applications to boost the operational efficiency. These materials are mostly used in the manufacturing of defense & safety equipment, helmets, sports accessories, protective coatings, and others.

The global aramid fiber reinforcement materials market is segmented based on type, end use industry, and geography. On the basis of type, the market is segregated into para-aramid fibers, meta-aramid fibers, and others. In terms of end use, the market is divided into aerospace & defense, automotive, consumer goods, marine, and others. Based on geography, the global aramid fiber reinforcement materials is fragmented into North America, Asia-Pacific, Europe, and Rest of the World (RoW). These regions are segmented into major countries such as the US, the UK, and France.