Global Aramid Fiber Market: Analysis of Key Trends and Drivers Shaping Future Growth 2026 | DowDuPont, TEIJIN LIMITED, TORAY INDUSTRIES INC., HYOSUNG, Kolon Industries Inc.

Global Aramid Fiber Market report gives clear idea about the market potential for each geographical region based on the growth rate, macroeconomic parameters, consumer buying patterns, possible future trends, and market demand and supply scenarios. Outstanding practice models and excellent method of research has been utilized to generate this Global Aramid Fiber Market report that aids businesses to uncover the greatest opportunities to prosper in the market. And for the same, all the major topics of the market research analysis that includes market definition, market segmentation, competitive analysis, major developments in the market, and top-notch research methodology have been covered in the report.

Businesses can attain unparalleled and comprehensive insights along with the best acquaintance of the emerging market opportunities with this Global Aramid Fiber Market research report. By understanding client’s requirements precisely, this report brings together business and product information for the sustainable growth in the market. This report is structured with the meticulous efforts of innovative, enthusiastic, knowledgeable and experienced team of analysts, researchers, industry experts, and forecasters. Two of the major tools of market analysis employed are SWOT analysis and Porter’s Five Forces Analysis. The large scale Global Aramid Fiber Market report is generated with a nice combination of advanced industry insights, practical solutions, talent solutions and the use of latest technology which gives an excellent user experience.

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Market Definition: Global Aramid Fiber Market

Aramid fiber is a synthetic fiber, whose characteristics include heat resistance, strength, light-weight in nature. These characteristics help in their applications in a number of different products, and as substitute to steel and asbestos. Its main applications can be found in aerospace & defense, security (body armor), and others.

According to CIRFS European Man-Made Fibres Association, China was the largest producer of fibre (45458 kiloton) worldwide followed by India (5666 kiloton), this trend of production of fibre from the south asia region is expected to continue into the forecast period and the production of fibre is expected to be dominated by the asia-pacific region.

Market Analysis: Global Aramid Fiber Market

Global Aramid Fiber Market is set to rise from its initial estimated value of USD 3.19 billion in 2018 to an estimated value of USD 6.95 billion by 2026, registering a CAGR of 10.20% in the forecast period of 2019-2026. This rise in market value can be attributed to their unique properties and wide variety of applications in a number of industries.

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Market Drivers:

Increased need for lightweight and effective material from the defense and security industry is expected to drive the market growth

Due to their unique and benefitting capabilities they can be used as a substitute for steel, with their characteristics as being cheaper and stronger than steel on an average. This factor is expected to drive the market growth

Market Restraints:

High cost for research and development and any advancements in the market is expected to restrain the market growth

Due to the non-biodegradable nature of these fibers, the market growth is expected to be restrained

Competitive Analysis: Global Aramid Fiber Market

Global aramid fiber market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of aramid fiber market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

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Key Market Competitors: Global Aramid Fiber Market

Few of the major market competitors currently working in the aramid fiber market are DowDuPont, TEIJIN LIMITED, TORAY INDUSTRIES INC., HYOSUNG, Kolon Industries Inc., Huvis, Yantai Tayho Advanced Materials Co.Ltd., Solvay, KERMEL, China National Bluestar (Group) CoLtd., TAEKWANG Industrial Co. ltd., Aramid Hpm LLC, FIBERMAX COMPOSITES, Bally Ribbon Mills, BlackSun Partners, Clarasonic.com, c-m-p gmbh, Coast-Line International, Composites One, Coats Group plc, Voith GmbH & Co. KGaA, and Vectorply.

Key Developments in the Market:

In September 2018, TEIJIN LIMITED collaborated with Snow Peak Industries to develop a new fabric through TEIJIN’s meta-aramid fiber Teijinconex neo, this collaboration and development was aimed at diversifying and expanding the product portfolio of both the companies.

In July 2018, Yantai Tayho Advanced Materials Co.Ltd. announced that they had started the expansion of their para-aramid manufacturing facility in China, commencement of operational capabilities of which are planned for in 2020. This expansion was aimed at increasing the market share of the companies.

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