Aramid Fiber Market by Type (Para-Aramid Fiber, Meta-Aramid Fiber), Application (Security & Protection, Frictional Materials, Industrial Filtration, Optical Fibers, Rubber Reinforcement, Tire Reinforcement, Others): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026716 | Pages: 100 | Industry: Chemicals and Materials | Date: Oct 2022 | Type: Global

The market crossed US$ 4 billion mark in 2022 and is expected to hit US$ 8 billion by 2030, recording a CAGR of 8.6% during the forecast period.

Rising need for lightweight materials offering significant emissions in vehicles.

4.7 metric tons of CO2 are produced annually by passenger automobiles, according to the United States Environment Protection Agency (EPA). Governments worldwide are highlighting the necessity for strict environmental rules as a result. Several standards for lowering automotive results. Several standards for lowering automotive emissions have been amended and enforced regularly by the US EPA. Furthermore, as a part of the EU’s light-duty vehicle, CO2 legislation produces passenger cars, and light-duty vehicles must abide by strict guild lines by 2020. The goal was to cut CO2 emissions by 3.1% annually between 2017 and, following EU regulations. Since they have contributed to reducing the overall weight of vehicles and offer increased durability, aramid fibres are also utilised in various applications as a substitute for steel and asbestos. The expanding demand for lightweight automobiles and the strengthening global economy both contribute to the growth of the market.

Within the report, the market is segmented into type, application, and geography. By type, the market is further segmented into para-aramid fiber, and meta-aramid fiber. Based on applications, the market is bifurcated into security & protection, frictional materials, industrial filtration, optical fibers, rubber reinforcement, tire reinforcement, and others. Geographically, the market is sub-segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

Get more information on this report :

Expanding aerospace and defense industries.

Fighter planes, spaceships, hot air balloons, passenger planes, and space shuttles can use armored fibers for structural purposes. Commercial flights continually innovate to increase performance and fuel efficiency because of the rise in fuel prices. Aramid fiber has been suggested as the best way to maximize fuel efficiency due to its lightweight. Furthermore, because of the increased security concerns around the world, air travel is becoming more and more popular. As a result, aramid fiber is increasingly used in aircraft because it combines corrosion and impact resistance. Additionally, it offers a superior visual system, durability, and temperature stability.

Rising security and protection application is boosting the market growth.

The demand for security and protection application is expected to rise because of the increasing demand from emerging economies such as India, China, and Brazil. The necessity for thermal and ballistic protection is growing in civil laws enforcement and armed forces due to escalating insurgency and terrorism. They are primarily employed in military, industrial, and civis applications.

Recent strategic developments in the aramid fiber market

The aramid fiber market has undergone several significant developments, and a few of these have been mentioned below:

  • Teijin Ltd. Created high-performance para-aramid fibres using eco-friendly raw materials in 2020. Numerous products such as vehicle tyres, airfreight containers and protective apparel utilize these fibres.
  • To meet the growing need for safer, better-performing lithium-ion batteries for electric vehicles, DuPont unveiled an innovation in 2020 called DuPont Kevlar Microcore, a unique, high-temperature-resistance, superfine fiber material (Evs).

The aramid fiber market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Teijin Ltd., DuPont De Numerous, Inc., Yantai Tayho Advanced Materials Co., Ltd., Hyosung Corp., and Toray Industries, Inc. are the prominent players operating in the market.

Target audience for the report:

  • Raw material providers
  • Aramid fiber associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policy makers
  • Venture capitalists, private equity firms, and start-up companies
  • End users of aramid fiber
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Type:
    • Para-aramid fiber
    • Meta-aramid fiber
  • Application:
    • Security & Protection
    • Frictional Materials
    • Industrial Filtration
    • Optical Fibers
    • Rubber Reinforcement
    • Tire Reinforcement
    • Electrical Insulation
    • Others
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
    • Teijin Ltd.
    • DuPont De Numerous, Inc.
    • Yantai Tayho Advanced Materials Co., Ltd.
    • Hyosung Corp.
    • Toray Industries, Inc.

The List of Companies
- Teijin Ltd.
- DuPont De Numerous, Inc.
- Yantai Tayho Advanced Materials Co., Ltd.
- Hyosung Corp.
- Toray Industries, Inc.

Report Code
Full Name
Country Name
Email Id
Phone Number
Job Title
Company
Requirement

Note : Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.


Purchase Options
Single User License
$2000
Site License
$3000
Enterprise License
$4000