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Global Aramid Fibre Market: By Type: Meta-Aramid Fibre, Para-Aramid Fibre; By Application: Optical Fibres, Frictional Materials, Security and Protection, Industrial Filtration, Tyre Reinforcement, Rubber Reinforcement, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Competitive Landscape; Industry Events and Developments
Global Aramid Fibre Market Outlook
The global aramid fibre market is expected to grow at a CAGR of 8.5% during the period 2023-2028.
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Global Aramid Fibre Market Likely to be Driven by Applications Across Sectors
The global market for aramid fibres is expected to be driven by uses in multiple sectors including defence, automotive, aerospace, personal protection, etc. North America, Europe and Asia are projected to be key markets. “Aramid” stands for “aromatic polyamide”. Aromatic polyamides were first commercialized as meta-aramid fibres in the early 1960s; para-aramid fibres saw development in the 1960s and 1970s. Aramid fibres exhibit significant flexibility, strength and abrasion tolerance due to their chemical structure wherein the bonds within the chain molecules align along the fibre axis. The robust bond between comparatively short molecules offers the fibre increased strength. Superior heat resistance, low inflammability, and superior resistance to organic solvents are other properties of aramid fibres. These properties enable several applications of aramid fibres, including air cargo containers, aquaculture nets, aramid honeycombs, armoured vehicles, ballistic protective vests, brakes, civil engineering products, composites, conveyor belts, cut-protection products, elastomer reinforcements, engineering plastics, flexible flowlines and umbilicals, friction paper, heat- and flame-resistant garments, helmets, mooring lines, optical fibre cables, parachute cords, ropes and cables, sealing materials, thermoplastic pipes, fireproof suits, tyres, etc. Major markets include aerospace, automotive, personal protection equipment, consumer products, mining, fibre optics, life protection, and ropes and cables. Common trade names for aramid fibres include Nomex and Kevlar by Dupont, and Twaron by Teijin.
Applications Across Sectors Likely to Boost Market Demand
Aramid fibre plays an important role in personal protection equipment (PPE) solutions. Front line workers across applications prefer aramid fibre garments as these offer better protection, are lightweight and comfortable. Aramid fibre garments are commonly found in law enforcement, emergency response and industrial manufacturing environments.
Aramid fibres offer durability, lightweight strength, stiffness, and thermal and fire protection in aircraft composites, enabling enhanced fuel efficiency and decreased operating and maintenance costs. Aircraft cabin floors, overhead bins and bulkheads developed with aramid fibre honeycomb cores help in reducing weight for aircraft manufacturers. Honeycomb also exhibits low electrical conductivity and high fire resistance, helping in adhering to set safety standards. Superior thermal and sound insulation also lead to better passenger comfort.
Aramid fibres are also used in landing gear doors, wing boxes and control surfaces, filament-wound pressure bottles, engine nacelles, engine containment rings, aircraft tyres, rotor blades, and spacecraft.
Aramid fibres are increasingly being used in automotive components, including filters, belts, gaskets, battery separators, etc. In NASCAR race car bodies, aramid fibre is replacing fibreglass-reinforced plastic. It is also used in the HANS Device that helps support the driver’s head and neck. Further, aramid fibre offers tyres better dimensional stability, even at higher temperatures and speeds, and superior puncture, abrasion and tear resistance.
Lightweight armour solutions for vehicles offer protection against ballistic attacks. Aramid fibres offer strength to motorcycle gear, workout equipment and luggage.
In the mining industry, aramid fibres are used to build lighter, stronger and longer-lasting conveyor belts.
Aramid fibres offer enhanced strength to fibre optic cables, and ropes, lines and cables.
Technological Advancements and Innovative Solutions Likely to Stimulate Market
Leading firms are engaged in continual R&D to come up with superior products to offer lighter, stronger and longer-lasting solutions to address the needs of the industry. Novel, enhanced solutions offering better protection from chemical, thermal, electric, and mechanical hazards are expected to stimulate market growth.
Global Aramid Fibre Market Segmentation
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By product type, the market is segmented into:
- Para-aramid
- Meta-aramid
By end-user industry, the market is divided into:
- Safety and Protection Equipment
- Aerospace
- Automotive
- Electronics and Telecommunication
- Others
By region, the market is classified into:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Key Industry Players in the Global Aramid Fibre Market
The report presents a detailed analysis of the following key players in the market, looking into their capacity, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- China National Bluestar (Group) Co. Ltd
- DuPont
- Hebei Silicon Valley Chemical Co. Ltd
- Huvis
- HYOSUNG
- KERMEL
- Kolon Industries Inc.
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Application, Region |
| Breakup by Type | Meta-Aramid Fibre, Para-Aramid Fibre |
| Breakup by Application | Optical Fibres, Frictional Materials, Security and Protection, Industrial Filtration, Tyre Reinforcement, Rubber Reinforcement, Others |
| Breakup by Region | North America, Latin America, Europe, Middle East and Africa, Asia Pacific |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Teijin Limited, DuPont de Nemours, Inc., Huvis Corporation, Shenma Industrial Co., Ltd., Kolon Industries, Inc., Kermel, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Aramid Fibre Market Analysis
8.1 Key Industry Highlights
8.2 Global Aramid Fibre Historical Market (2018-2022)
8.3 Global Aramid Fibre Market Forecast (2023-2028)
8.4 Global Aramid Fibre Market by Type
8.4.1 Meta-Aramid Fibre
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Para-Aramid Fibre
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.5 Global Aramid Fibre Market by Application
8.5.1 Optical Fibres
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Frictional Materials
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Security and Protection
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Industrial Filtration
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Tyre Reinforcement
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2022)
8.5.5.3 Forecast Trend (2023-2028)
8.5.6 Rubber Reinforcement
8.5.6.1 Market Share
8.5.6.2 Historical Trend (2018-2022)
8.5.6.3 Forecast Trend (2023-2028)
8.5.7 Others
8.6 Global Aramid Fibre Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
12.1 North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.2 Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.3 Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.4 Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.5 Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
13 Manufacturing Process
13.1 Overview
13.2 Detailed Process Flow
13.3 Operations Involved
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Teijin Limited
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 DuPont de Nemours, Inc.
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Huvis Corporation
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Shenma Industrial Co., Ltd.
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Kolon Industries, Inc.
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Kermel
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Others
15 Industry Events and Developments
Additional Customisations Available
1 Project Details and Cost Analysis
1.1 Land, Location, and Site Development
1.2 Construction
1.3 Plant Machinery
1.4 Raw Materials
1.5 Packaging
1.6 Transportation
1.7 Utilities
1.8 Manpower
1.9 Other Capital Investments
List of Key Figures and Tables
1. Global Aramid Fibre Market: Key Industry Highlights, 2018 and 2028
2. Global Aramid Fibre Historical Market: Breakup by Type (USD Billion), 2018-2022
3. Global Aramid Fibre Market Forecast: Breakup by Type (USD Billion), 2023-2028
4. Global Aramid Fibre Historical Market: Breakup by Application (USD Billion), 2018-2022
5. Global Aramid Fibre Market Forecast: Breakup by Application (USD Billion), 2023-2028
6. Global Aramid Fibre Historical Market: Breakup by Region (USD Billion), 2018-2022
7. Global Aramid Fibre Market Forecast: Breakup by Region (USD Billion), 2023-2028
8. North America Aramid Fibre Historical Market: Breakup by Country (USD Billion), 2018-2022
9. North America Aramid Fibre Market Forecast: Breakup by Country (USD Billion), 2023-2028
10. Europe Aramid Fibre Historical Market: Breakup by Country (USD Billion), 2018-2022
11. Europe Aramid Fibre Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Asia Pacific Aramid Fibre Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Asia Pacific Aramid Fibre Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Latin America Aramid Fibre Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Latin America Aramid Fibre Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Middle East and Africa Aramid Fibre Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Middle East and Africa Aramid Fibre Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. North America Historical Price Trends and Forecast 2018-2028
19. Europe Historical Price Trends and Forecast 2018-2028
20. Asia Pacific Historical Price Trends and Forecast 2018-2028
21. Latin America Historical Price Trends and Forecast 2018-2028
22. Middle East and Africa Historical Price Trends and Forecast 2018-2028
23. Global Aramid Fibre Market Structure
Key Questions Answered in the Report
In 2020, the global aramid fibre market attained a value of nearly USD 3.8 billion.
The market is projected to grow at a CAGR of 8 % between 2021 and 2026.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 6.1 billion by 2026.
The major industry drivers include increasing applications of aramid fibre to prepare personal protective equipment and increased utilisation in industries like construction, automotive, aerospace, and defence.
The key industry trends driving growth are emerging applications of aramid fibre in the optical fibre industry and the growing investments in R&D activities.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with North America accounting for the largest share in the market.
The significant aramid fibre types are meta-aramid fibre and para-aramid fibre.
The leading application sectors are optical fibres, frictional materials, security and protection, industrial filtration, tyre reinforcement, and rubber reinforcement, among others.
The major players in the industry are Teijin Limited, DuPont de Nemours, Inc., Huvis Corporation, Shenma Industrial Co., Ltd., Kolon Industries, Inc. and Kermel, among others.
Analyst Review
The global aramid fibre market attained a value of USD 3.8 billion in 2020, driven by the increasing applications of aramid fibre to prepare personal protective equipment and increased utilisation in industries like construction, automotive, aerospace, and defence. Aided by the emerging applications of aramid fibre in the optical fibre industry and the growing investments in R&D activities, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 8% to reach USD 6.1 billion by 2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its types, the aramid fibre industry can be segmented into meta-aramid fibre and para-aramid fibre. The leading application sectors are optical fibres, frictional materials, security and protection, industrial filtration, tyre reinforcement and rubber reinforcement, among others. The major regional markets for aramid fibre are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with North America accounting for the largest share of the market. The key players in the above market include Teijin Limited, DuPont de Nemours, Inc., Huvis Corporation, Shenma Industrial Co., Ltd., Kolon Industries, Inc. and Kermel, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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