Aramid Fiber Market Global Industry Analysis Report by Top Manufactureres SRO Aramid, TEIJIN LIMITED, Huvis, Kolon Industries, Inc., Toray Chemicals Korea Inc.

Leading Manufacturers:

Some of the leading manufacturers operating in the global aramid fiber market are TEIJIN LIMITED (Japan), Yantai Tayho Advanced Materials Co., Ltd (China), HYOSUNG (South Korea), Toray Chemicals Korea Inc. (South Korea), KERMEL (France), Kolon Industries, Inc. (South Korea), Huvis (South Korea), China National Bluestar (Group) Co. Ltd. (China), SRO Aramid (China) Co., Ltd. (China), and IBIDEN CO., LTD (Japan).

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Aramid Fiber Market Regional Insights:

The global aramid fiber market is segmented into five regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.

The growing product demand from end-use industries such as defense, automotive, and consumer goods in Asia Pacific is the major driver of the market. The high production and sales of automotive and consumer goods in countries such as India, China, and Japan have contributed to this growth.

The high demand from the defense and automotive sector in the U.S. is the major driving factor of the market in North America.

Europe is growing due to the high production and sales of various automotive parts in western European countries.

The growing automotive sector in Mexico is driving the Latin America market.

The substitution of steel and asbestos in various construction activities is driving the market in the GCC countries.

Scope of the report:

The Global Aramid Fiber market is segmented on the basis of the type, application, and end-user industries.

Based on the type, the global aramid fiber market is segmented as meta-aramid, para-aramid, and others.

The market is segmented on the basis of its application into security & protection, frictional materials, rubber reinforcement, optical fiber, electrical insulation, and others.

On the basis of the end-user industries, the global aramid fiber market is segmented into aerospace & defense, automotive, consumer goods, marine, and others.

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Aramid Fiber Market Insights:

Aramid fiber is a man-made organic polymer and belongs to a class of heat-resistant and strong synthetic fibers. They exhibit superior characteristics such as good resistance to abrasion and organic solvents, non-conductivity, high melting point, low flammability, and others.

The global aramid fiber market is primarily driven by the increasing demand for protective clothing from military & defense, and industrial sectors. The growing defense sector for homeland security and counterterrorism strategies is augmenting the demand for aramid fiber due to their flame resistant and heat protective nature. The use of aramid fiber in ballistic applications such as bulletproof vests and protective gloves is likely to fuel the market growth over the assessment period 2017-2023. Furthermore, aramid fiber is used in the automotive sector for making hoses, belts, gaskets, tyres, brake pads, clutches, and others. They also help in increasing the performance, safety, and durability of the automotive. Moreover, the increasing demand for various applications such as electrical insulation, optical fiber, and others is driving the global market. The product is an excellent substitute for steel and asbestos, therefore, it is widely used in the construction sector. These fibers are extensively consumed in the manufacturing of consumer goods such as refrigerator, AC, washing machines, and others to make them strong and lightweight. Nevertheless, stringent regulations for occupational safety by Occupational Safety and Health Administration (OSHA) is expected to augment the market growth. However, the high production cost and the non-biodegradable nature of these fibers are likely to hamper the market growth.

Some of the key trends observed in the market are a merger, acquisitions, and others. For instance, in March 2017, DuPont Protection Solutions entered a two-year global agreement for DuPont TM Kevlar with Nitro Circus, an action sports company, thus, influencing the product use in sporting goods.

Intended Audience

Aramid fiber Manufacturers
Traders and distributors of aramid fiber
Research and development institutes
Potential investors
Raw material suppliers
Nationalized laboratory

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