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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 (2016-2026); Competitive Landscape; Industry Events and Developments
Global Aramid Fibre Market Outlook
The global aramid fibre market reached a value of about USD 3.8 billion in 2020. The market is further expected to grow at a CAGR of 8% in the forecast period of 2021-2026 to reach a value of approximately USD 6.1 billion by 2026.
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Increasing Demand from Various End Use Sectors to Augment the Aramid Fibre Industry Growth
In the automotive industry, aramid fibres are extensively utilised in the production of reinforcement materials for tyres, brake pads, clutches, seat fabrics, and gaskets, among others owing to its properties like high thermal resistance and immense tensile strength. These properties make aramid fibres a preferred choice of use among automotive manufacturers to prepare heat shields and for under the bonnet applications. Meanwhile, the growing demand for light weight personal protective equipment in the military and defence sector is also contributing to the growth of the aramid fibre industry. Aramid fibres can be utilised to prepare bullet-proof and stab-resistant products like gloves and helmets. This is expected to further boost the industry growth in the coming years.
The developed regions like North America accounts for a significant share in the industry owing to the increased focus of governments to strengthen the defence and military sector in their respective countries. Within North America, the United States significantly contributes to the industry growth due to the high expenditure on military and defence equipment and the growing oil and gas industry.
Aramid Fibre: Industry Definition and Segmentation
Aramid fibre belongs to a class of heat-resistant and strong synthetic fibres. It is produced by spinning a liquid crystalline solution of aromatic polyamide or long-chain polyamide in concentrated sulphuric acid. It is known for its immense mechanical strength and low molecular weight and provides high resistance against abrasion, heat, and organic solvents. It has many applications including the production of protective clothing, ballistic-rated body armour fabric, and ballistic composites. It is widely utilised in military, aerospace, and construction industries and is commonly used for electrical insulation.
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By type, the market is divided into:
- Meta-Aramid Fibre
- Para-Aramid Fibre
Based on application, the industry can be segmented into:
- Optical Fibres
- Frictional Materials
- Security and Protection
- Industrial Filtration
- Tyre Reinforcement
- Rubber Reinforcement
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Increasing Demand for Personal Protective Equipment and the Growing Utilisation of Aramid Fibre in the Safety and Protection Industry to Bolster the Aramid Fibre Industry Growth Globally
The increasing applications of aramid fibre to prepare personal protective equipment is the major factor driving the growth of the industry. The increasing demand for lightweight materials for personal protective equipment and clothing, which protects an individual from physical, electrical, or biological hazards, have been aiding the industry growth. Owing to its properties, aramid fibre is widely being adopted in applications pertaining to safety and protection. Further, aramid fibre is also witnessing an increased utilisation in industries like construction, automotive, aerospace, and defence. The increasing industrialisation and urbanisation across the globe and the rapid technological advancements have significantly contributed to the expansion of the industry.
Over the forecast period, the emerging applications of aramid fibre in the optical fibre industry and the growing investments in R&D activities are expected to further propel the industry growth.
Key Industry Players in the Global Aramid Fibre Market
The report gives a detailed analysis of the following key players in the global aramid fibre market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Teijin Limited
- DuPont de Nemours, Inc.
- Huvis Corporation
- Shenma Industrial Co., Ltd.
- Kolon Industries, Inc.
- Kermel
- Others
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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 (2016-2020)
8.3 Global Aramid Fibre Market Forecast (2021-2026)
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 (2016-2020)
8.4.1.3 Forecast Trend (2021-2026)
8.4.2 Para-Aramid Fibre
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2016-2020)
8.4.2.3 Forecast Trend (2021-2026)
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 (2016-2020)
8.5.1.3 Forecast Trend (2021-2026)
8.5.2 Frictional Materials
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2016-2020)
8.5.2.3 Forecast Trend (2021-2026)
8.5.3 Security and Protection
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2016-2020)
8.5.3.3 Forecast Trend (2021-2026)
8.5.4 Industrial Filtration
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2016-2020)
8.5.4.3 Forecast Trend (2021-2026)
8.5.5 Tyre Reinforcement
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2016-2020)
8.5.5.3 Forecast Trend (2021-2026)
8.5.6 Rubber Reinforcement
8.5.6.1 Market Share
8.5.6.2 Historical Trend (2016-2020)
8.5.6.3 Forecast Trend (2021-2026)
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 (2016-2020)
9.1.2 Forecast Trend (2021-2026)
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 (2016-2020)
9.2.2 Forecast Trend (2021-2026)
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 (2016-2020)
9.3.2 Forecast Trend (2021-2026)
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 (2016-2020)
9.4.2 Forecast Trend (2021-2026)
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 (2016-2020)
9.5.2 Forecast Trend (2021-2026)
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 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
12.1 North America Historical Price Trends (2016-2020) and Forecast (2021-2026)
12.2 Europe Historical Price Trends (2016-2020) and Forecast (2021-2026)
12.3 Asia Pacific Historical Price Trends (2016-2020) and Forecast (2021-2026)
12.4 Latin America Historical Price Trends (2016-2020) and Forecast (2021-2026)
12.5 Middle East and Africa Historical Price Trends (2016-2020) and Forecast (2021-2026)
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 Figures and Tables
1. Global Aramid Fibre Market: Key Industry Highlights, 2016 and 2026
2. Global Aramid Fibre Historical Market: Breakup by Type (USD Billion), 2016-2020
3. Global Aramid Fibre Market Forecast: Breakup by Type (USD Billion), 2021-2026
4. Global Aramid Fibre Historical Market: Breakup by Application (USD Billion), 2016-2020
5. Global Aramid Fibre Market Forecast: Breakup by Application (USD Billion), 2021-2026
6. Global Aramid Fibre Historical Market: Breakup by Region (USD Billion), 2016-2020
7. Global Aramid Fibre Market Forecast: Breakup by Region (USD Billion), 2021-2026
8. North America Aramid Fibre Historical Market: Breakup by Country (USD Billion), 2016-2020
9. North America Aramid Fibre Market Forecast: Breakup by Country (USD Billion), 2021-2026
10. Europe Aramid Fibre Historical Market: Breakup by Country (USD Billion), 2016-2020
11. Europe Aramid Fibre Market Forecast: Breakup by Country (USD Billion), 2021-2026
12. Asia Pacific Aramid Fibre Historical Market: Breakup by Country (USD Billion), 2016-2020
13. Asia Pacific Aramid Fibre Market Forecast: Breakup by Country (USD Billion), 2021-2026
14. Latin America Aramid Fibre Historical Market: Breakup by Country (USD Billion), 2016-2020
15. Latin America Aramid Fibre Market Forecast: Breakup by Country (USD Billion), 2021-2026
16. Middle East and Africa Aramid Fibre Historical Market: Breakup by Country (USD Billion), 2016-2020
17. Middle East and Africa Aramid Fibre Market Forecast: Breakup by Country (USD Billion), 2021-2026
18. North America Historical Price Trends and Forecast 2016-2026
19. Europe Historical Price Trends and Forecast 2016-2026
20. Asia Pacific Historical Price Trends and Forecast 2016-2026
21. Latin America Historical Price Trends and Forecast 2016-2026
22. Middle East and Africa Historical Price Trends and Forecast 2016-2026
23. Global Aramid Fibre Market Structure
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