Aramid Fiber Market Growth, Size, Share, Industry Report and Forecast 2019-2025

The aramid fiber market is anticipated to grow at a significant rate owing to the application in aerospace and military application attributing to the ballistic properties. It is class fibers which are heat resistant and strong structural strength and this fiber are used in different applications including fabrics in clothing such as fire protection clothes and reinforcement in composites such as military vehicles, aircraft, and sports goods. Aramid fibers are synthesis high-performance fibers with molecules that rigid polymer chains. The aramid fibers have various characteristics such as low flammability, resistance to abrasion, good resistance to organic solvents, non-conductivity, high strength, and no melting point.

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The different type of aramid fiber includes meta aramid fiber and para-aramid fiber. Para-aramid fiber provides high strength and better insulation properties that make suitable fiber for automotive industry, aerospace and defense and electronic industry. Para-aramid fiber is the best material for safety application such as vehicle armor and helmets. Meta aramid fiber market has growth in the forecast period due to rising demand for thermal protective apparels and increasing penetration of panel-based composite structure in the aerospace and defense industry. Growing environmental concern along with strict regulations related to carbon emission encouraging companies to focus on materials such as light weighted and fuel-efficient are the factors that driving the aramid fiber market.

Aramid fiber market is highly fragmented due to the presence of several market players that are significantly operating across the globe. Key market players of Aramid Fiber include Teijin Ltd, DowDupont Inc., China National Bluestar Group Co., Yantai Tayho Advanced Materials Co. Ltd., Taekwang Industrial Co Ltd., SRO Aramid (Jiangsu) Co., Ltd., and Toray Industries Inc. Teijin aramid products have application across the globe from automotive, oil, gas industry. It brings efficiency, durability and protection property by stronger and more resistant aramid materials. There are different types of products of Teijin aramid includes Twaron, Technora, and Teijinconex. Twaron is an established product such as Para armid for a manufacturer who delivers a product that is lighter and stronger. It delivered applications including heat and chemical protection, application for oil and gas industries and ballistic protection.

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Current market trends report covered in the market report:
• Aramid has been increasing in the aerospace and defense sector due to high impact resistance and high damage tolerance.
• Aramid reinforced epoxy materials are used in airplanes for their physical properties.
• Asia-Pacific is favorable prospects in the region due to several companies are developing in Asia countries to increased local demand for aramid fibers in different industries such as telecommunication, military, electronics, and automobiles.
• Ballistic armor has focused on the use of composites consisting of nanotubes and nonmaterial.

Global Aramid Fiber Market – Segmentation

By product type

• Meta-Aramid Fiber
• Para-Aramid Fiber

By end-user

• Aerospace & Defense
• Automotive
• Electronics & Telecommunication
• Others (Sporting Goods, Ropes, Cables)

Global Aramid Fiber Market –Segment by region

North America
• US
• Canada

Europe

• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World

• Middle East & Africa
• Latin America

• Company Profiles

Atlantex Manufacturing Corp.
Beaver Manufacturing Co. Inc.
Boto Corp.
China National Bluestar Group Co. Ltd.
DowDupont Inc.
• Huvis Corp.
Hyosung Group
Kermel S.A.
Kolon Industries, Inc.
Sro Aramid (Jiangzu) Co., Ltd.
Taekwang Industrial Co., Ltd.
Teijin Ltd.
Toray Industries, Inc.
Yantai Tayho Advanced Materials Co. Ltd.

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