Aramid Fiber Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Aramid Fiber Market Introduction

The word aramid is the blend of words aromatic and polyamide. Aramid fiber is the strong and heat-resistant synthetic fiber used extensively in military and aerospace applications for ballistic composites and ballistic rated body armor fabric. Aramid fiber has good resistance to solvents, abrasion, has low flammability, it is sensitive to UV radiation, acids and salts, and offers excellent chemical and physical properties at high temperatures.

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Aramid fiber is used in protective wear owing to the high resistant properties and outstanding strength-to-weight ratio. Apart from military, the largest section using aramid fiber is protection and security including private contractors, municipal law enforcement, and private security. 

Aramid Fiber Market: Notable Highlights

Yantai Tayho Advanced Materials plans to invest around CNY600 million (US$89 million) in para-aramid fiber plant in China, with an aim to produce nearly 3,000 tons of yarns for civil and military use. The company hopes to start trial production in early 2020.
In 2018, Teijin Group in partnership with Snow Peak launched a new material fabric. The material uses Teijinconex neo heatproof material combining fashion and comfort for outdoor use. Going forward the company also plans to introduce new apparel in partnership with Snow Peak.
Hyosung Corp. recently hosted a seminar with researchers and academics from the Massachusetts Institute of Technology (MIT) in order to seek a new business model. Six startups and MIT faculty members MIT ILP Seminar hosted by

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Some of the most prominent competitors operating in the competitive landscape of global aramid fiber market include –

Toray Industries Inc.
Kermel
Teijin Ltd.
DowDuPont
Hyosung Corp.
Huvis Corp.
Taekwang Industrial Co., Ltd.
Yantai Tayho Advanced Material Co.
SRO Aramid
China National Bluestar

Aramid Fiber Market Dynamics

Increasing Demand for Lightweight Materials in Security & Protection

In recent years, there has been an increase in government expenditure in defense, aerospace, and security industry owing to the rising political unrest worldwide, which is driving the demand for aramid fiber. Owing to the low density, high strength, and ability to withstand high temperatures, aramid fiber is gaining traction in defense and personal protection equipment. Key players in the aerospace and defense sector are focusing on using lightweight materials. With the highest carbon footprint, the aerospace industry is focusing on lowering the emission by saving any weight, hence, the predominant focus is on advanced lightweight materials.

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Companies providing materials for defense and security are focusing on using novel materials including fibers that are lightweight, and also helps in improving stiffness and strength in the end-use product.

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