Teijin Limited, DuPont de Nemours, Inc., Huvis Corporation, Shenma Industrial Co., Ltd., Kolon Industries, Inc., and Kermel, among others, are the major players in the global aramid fibre market.
The global aramid fibre market is expected to grow at a CAGR of 8.5% in the forecast period of 2022-2027. As per the analysis of Expert Market Research, the market is expected to be driven by the increasing demand for personal protective equipment.
The high mechanical strength and low molecular weight of aramid fibres are bolstering its demand to provide high resistance against organic solvent and abrasion. The increasing use of aramid fibres in various applications, including armour and clothing, among others, is propelling the growth of the market. As aramid fibre is flame-resistant, safe, and protective, it is increasingly used in the manufacturing of lightweight personal protective equipment in the military sector. Moreover, the enhanced dimensional stability of aramid fibres makes them ideal for the manufacturing of body armours.
With the growing concerns regarding the use of asbestos owing to its association with pulmonary diseases, the demand for aramid fibres as their substitutes in the manufacturing of brake lines and other products is increasing. In addition, aramid fibres are increasingly used in various applications in the automotive sector. With the robust growth of the marine sector, the use of aramid fibres in marine applications such as form sailing ropes and sail clothes, among others, owing to their excellent strength and low weight is increasing. The rapid urbanisation and industrialisation in both developing and developed countries are expected to increase the demand for aramid fibres in various end-use sectors in the forecast period.
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Teijin Ltd combines three different business domains of materials, healthcare, and IT, to deliver innovative solutions. The company manufactures aramid, carbon fibres, films and sheets, composites, fibres, resin, flame retardants, and additives. Teijin has approximately 21,815 employees across the globe.
|Headquarters:||Delaware, United States|
DuPont's products have varied applications in aerospace, automotive, adhesives and sealants, cut protection, fibre optics, and mining, among others. Its business is mainly spread across the electronics and industrial, mobility and materials, and water and protection sectors. In September 2021, the company joined RE100 to shift to 100% renewable energy.
|Headquarters:||Seoul, South Korea|
Huvis is the largest manufacturer of fibre materials, chemicals, and differentiated products in South Korea. It develops fibres that can replace harmful chemicals to enhance the safety of consumers. With 929 employees as of 2021, the company focuses on four major areas, namely super fibres, materials for household items, industrial materials, and polyester fibres.
|Headquarters:||Henan Province, China|
Shenma Industrial Co., Ltd, is a chemical and chemical fibre company that is the management platform of the nylon plate of Pingmei Shenma Group. It has the largest production capacity for cord fabric and nylon 66 industrial yarn in the world. With the most complete nylon industrial chain, the company has the most featured circular economy in the world. Its nylon products are marketed and sold in over 40 countries across Asia, Europe, and America.
|Headquarters:||Seoul, South Korea|
Kolon Industries Inc is a leading industrial field company, based in South Korea. With four major business divisions, namely, industrial materials, chemicals, films/electronic materials, and fashion, the company aims to offer products and services that revolutionise the lifestyle of its consumers. The company has the most patents among synthetic fibre companies in South Korea and it is widening its portfolio and business areas through extensive research and development activities.
Kermel is the manufacturer of non-flammable Kermel fibre, that is used in protective clothing against heat, flame, and electric arc. The company is actively engaged in designing and developing new solutions for law enforcement, firefighters, military, and industrial environment personnel. Its firefighter portfolio has more than 10 products to meet diverse requirements.
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