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Aramid Fiber Global Market Report 2022

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    Report

  • 175 Pages
  • June 2022
  • Region: Global
  • The Business Research Company
  • ID: 5606858
Some of the major players in the aramid fiber market are Teijin Ltd, DuPont De Numerous Inc, Yantai Tayho Advanced Materials Co. Ltd, Hyosung Corp, Toray Industries Inc., Kolon Industries Inc, Huvis Corporation, Kermel, China National Bluestar (Group) Co. Ltd, SRO Aramid Co. Ltd., JSC Kamenskvolokno, X-FIPER New Material Co. Ltd., Toyobo Co Ltd, Taekwang Industrial, Jiaxing Newtex Composites Co. Ltd, Guangdong Charming Company, Bally Ribbon Mills, Coats group plc, Vectorply, and Solvay.

The global aramid fiber market is expected to grow from $3.80 billion in 2021 to $4.28 billion in 2022 at a compound annual growth rate (CAGR) of 12.7%. The aramid fiber market is expected to reach $6.00 billion in 2026 at a CAGR of 8.8%.

The aramid fiber market consists of sales of aramid fiber by entities (organizations, sole traders, and partnerships) that refers to a synthetic fibre in which the fiber-forming component is a long-chain synthetic polyamide with around 85 percent of the amide linkages attached to two aromatic rings. Aramid fibers are high-performance fibers manufactured from man-made molecules with relatively stiff polymer chains. These molecules are joined by strong hydrogen bonds that efficiently transfer mechanical stress, allowing for the utilization of chains with low molecular weight. Aramid fiber is mostly used for reinforcement in composites such as sports goods, aviation, and military vehicles, as well as fabrics in apparel such as fire safety garments or bulletproof jackets.

The main types of aramid fiber are para-aramid fiber and meta-aramid fiber. Para-aramid is heat and flame-resistant synthetic fiber with high tensile strength, impact resistance, and low elongation at break. It is also resistant to acids and alkalis. The several applications include protective fabrics, frictional materials, optical fibers, tire reinforcement, rubber reinforcement, composites, and others that are used by various end-use industries such as aerospace and defense, automotive, electronics and telecommunication, sports goods, and others.

Europe was the largest region in the aramid fiber market in 2021. Asia Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the aramid fiber report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The rising need for lightweight materials offering significant emission reduction in vehicles is contributing to the growth of the aramid fiber market. The use of lightweight materials in automobiles helps in reducing weight, fuel consumption, and greenhouse gas emissions. Aramid fibers are used as reinforced materials in the manufacturing of 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. For instance, according to the Electronic Specifier, a UK-based publisher of global electronics sector information resources, lightweight material in the automobile industry is predicted to expand at a CAGR of 5% by 2028. Therefore, the rising demand for lightweight materials offering significant emission reductions in vehicles will drive the growth of the aramid fiber market.

The strong government spending on military and defense industries will support the growth of the aramid fiber market going forward. The increase in the defense budget is enabling governments from numerous countries to invest in advanced and lightweight protective equipment for military forces. Aramid fibers are used in aerospace and military applications, including ballistic-rated body armor fabric and ballistic composites, maritime cordage and hull reinforcement, and as a substitute for asbestos. For instance, according to the Stockholm International Peace Research Institute, a Sweden-based institute that provides data, analysis, and recommendations for armed conflict, military expenditure, and arms trafficking, the US government spent $778 billion on defense in 2020, up 4.4% from 2019. In addition, the United States, as the world's largest military spender, accounted for 39% of total military spending in 2020. Therefore, the strong government spending on military and defense industries will support the growth of the aramid fiber market.

The increasing investments have emerged as the major trend gaining popularity in the aramid fiber market. Aramid Fiber manufacturing companies are investing in expanding their aramid fiber production capacity in order to fulfill the growing demand from end-use sectors. For instance, in June 2021, Kolon Industries, a South Korea-based chemical and textile manufacturing company, announced a 236.9 billion won ($209.2 million) investment to increase its production capacity of aramid fiber, a material used in vehicle tires. Kolon Industries estimates that after the expansion is completed in 2023, its manufacturing capacity will increase from 7,500 to 15,000 metric tonnes. It stated that with improved production capacity, the company plans to quickly expand into advanced industries including electric vehicles.

The countries covered in the aramid fiber market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.



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Table of Contents

1. Executive Summary2. Aramid Fiber Market Characteristics3. Aramid Fiber Market Trends And Strategies4. Impact Of COVID-19 On Aramid Fiber
5. Aramid Fiber Market Size And Growth
5.1. Global Aramid Fiber Historic Market, 2015-2020, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Aramid Fiber Forecast Market, 2020-2025F, 2030F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Aramid Fiber Market Segmentation
6.1. Global Aramid Fiber Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Para-Aramid Fiber
  • Meta-Aramid Fiber
6.2. Global Aramid Fiber Market, Segmentation By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Protective Fabrics
  • Frictional Materials
  • Optical Fibers
  • Tire Reinforcement
  • Rubber Reinforcement
  • Composites
  • Other Applications
6.3. Global Aramid Fiber Market, Segmentation By End-Use Industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Aerospace And Defense
  • Automotive
  • Electronics and Telecommunication
  • Sports Goods
  • Other End Users

7. Aramid Fiber Market Regional And Country Analysis
7.1. Global Aramid Fiber Market, Split By Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7.2. Global Aramid Fiber Market, Split By Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
8. Asia-Pacific Aramid Fiber Market
8.1. Asia-Pacific Aramid Fiber Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Aramid Fiber Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
8.3. Asia-Pacific Aramid Fiber Market, Segmentation By End-Use Industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
9. China Aramid Fiber Market
9.1. China Aramid Fiber Market Overview
9.2. China Aramid Fiber Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F,$ Billion
9.3. China Aramid Fiber Market, Segmentation By End-Use Industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F,$ Billion
10. India Aramid Fiber Market
10.1. India Aramid Fiber Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
10.2. India Aramid Fiber Market, Segmentation By End-Use Industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
11. Japan Aramid Fiber Market
11.1. Japan Aramid Fiber Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
11.2. Japan Aramid Fiber Market, Segmentation By End-Use Industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
12. Australia Aramid Fiber Market
12.1. Australia Aramid Fiber Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
12.2. Australia Aramid Fiber Market, Segmentation By End-Use Industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
13. Indonesia Aramid Fiber Market
13.1. Indonesia Aramid Fiber Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
13.2. Indonesia Aramid Fiber Market, Segmentation By End-Use Industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
14. South Korea Aramid Fiber Market
14.1. South Korea Aramid Fiber Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
14.2. South Korea Aramid Fiber Market, Segmentation By End-Use Industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
15. Western Europe Aramid Fiber Market
15.1. Western Europe Aramid Fiber Market Overview
15.2. Western Europe Aramid Fiber Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
15.3. Western Europe Aramid Fiber Market, Segmentation By End-Use Industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
16. UK Aramid Fiber Market
16.1. UK Aramid Fiber Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
16.2. UK Aramid Fiber Market, Segmentation By End-Use Industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
17. Germany Aramid Fiber Market
17.1. Germany Aramid Fiber Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
17.2. Germany Aramid Fiber Market, Segmentation By End-Use Industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
18. France Aramid Fiber Market
18.4. France Aramid Fiber Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
18.5. France Aramid Fiber Market, Segmentation By End-Use Industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
19. Eastern Europe Aramid Fiber Market
19.1. Eastern Europe Aramid Fiber Market Overview
19.2. Eastern Europe Aramid Fiber Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
19.3. Eastern Europe Aramid Fiber Market, Segmentation By End-Use Industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
20. Russia Aramid Fiber Market
20.1. Russia Aramid Fiber Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
20.2. Russia Aramid Fiber Market, Segmentation By End-Use Industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
21. North America Aramid Fiber Market
21.1. North America Aramid Fiber Market Overview
21.2. North America Aramid Fiber Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
21.3. North America Aramid Fiber Market, Segmentation By End-Use Industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
22. USA Aramid Fiber Market
22.1. USA Aramid Fiber Market Overview
22.2. USA Aramid Fiber Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
22.3. USA Aramid Fiber Market, Segmentation By End-Use Industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
23. South America Aramid Fiber Market
23.1. South America Aramid Fiber Market Overview
23.2. South America Aramid Fiber Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
23.3. South America Aramid Fiber Market, Segmentation By End-Use Industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
24. Brazil Aramid Fiber Market
24.1. Brazil Aramid Fiber Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
24.2. Brazil Aramid Fiber Market, Segmentation By End-Use Industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
25. Middle East Aramid Fiber Market
25.1. Middle East Aramid Fiber Market Overview
25.2. Middle East Aramid Fiber Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
25.3. Middle East Aramid Fiber Market, Segmentation By End-Use Industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
26. Africa Aramid Fiber Market
26.1. Africa Aramid Fiber Market Overview
26.2. Africa Aramid Fiber Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
26.3. Africa Aramid Fiber Market, Segmentation By End-Use Industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
27. Aramid Fiber Market Competitive Landscape And Company Profiles
27.1. Aramid Fiber Market Competitive Landscape
27.2. Aramid Fiber Market Company Profiles
27.2.1. Teijin Ltd
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. DuPont De Numerous Inc
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. Yantai Tayho Advanced Materials Co. Ltd
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Hyosung Corp
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Toray Industries Inc.
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Aramid Fiber Market29. Aramid Fiber Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Research Inquiries
30.4. About the Publisher
30.5. Copyright And Disclaimer

Executive Summary

Aramid Fiber Global Market Report 2022 provides the strategists, marketers and senior management with the critical information they need to assess the global aramid fiber market.

This report focuses on aramid fiber market which is experiencing strong growth. The report gives a guide to the aramid fiber market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis

Description:

Where is the largest and fastest growing market for the aramid fiber? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Aramid Fiber market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider aramid fiber market, and compares it with other markets.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
  • The aramid fiber market section of the report gives context. It compares the aramid fiber market with other segments of the aramid fiber market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, aramid fiber indicators comparison.

Scope


Markets Covered:


1) By Type: Para-Aramid Fiber; Meta-Aramid Fiber
2) By Application: Protective Fabrics; Frictional Materials; Optical Fibers; Tire Reinforcement; Rubber Reinforcement; Composites; Other Applications
3) By End-Use Industry: Aerospace And Defense; Automotive; Electronics and Telecommunication; Sports Goods; Other End Users

Companies Mentioned: Teijin Ltd.; DuPont De Numerous, Inc.; Yantai Tayho Advanced Materials Co., Ltd.; Hyosung Corp.; Toray Industries, Inc.

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Teijin Ltd.
  • DuPont De Numerous Inc
  • Yantai Tayho Advanced Materials Co. Ltd.
  • Hyosung Corp.
  • Toray Industries Inc.
  • Kolon Industries Inc.
  • Huvis Corporation
  • Kermel
  • China National Bluestar (Group) Co. Ltd.
  • SRO Aramid Co. Ltd.
  • JSC Kamenskvolokno
  • X-FIPER New Material Co. Ltd.
  • Toyobo Co. Ltd.
  • Taekwang Industrial
  • Jiaxing Newtex Composites Co. Ltd.
  • Guangdong Charming Company
  • Bally Ribbon Mills
  • Coats group plc.
  • Vectorply
  • Solvay

Methodology

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