Aramid fibers are used in military applications, such as helmets and spall liners. In addition, aramid fibers are used to reinforce nonmilitary vehicles. Aramid fiber composites are lightweight and secure and can reduce the weight of shielded vehicles by 30 to 60 percent, compared to steel. These materials are also ideal for high-performance protective coatings, such as those that are used in pipelines. Aramid fibers are also used in clothing and other products that need high strength and high comfort. For example, these fibers are commonly used in bulletproof police vests and military ballistic-rated body armor. They are also used in cut-resistant gloves made by MCR Safety.
Market Dynamics:
The global aramid fibers market is expected to witness a rapid growth due to growing refurbishment activities and stringent government regulations for worker security. In addition, the market is likely to witness increased demand for lightweight materials from the automotive industry which is further projected to foster market growth. However, the development of new products in the aramid fibers market is hindered by the high R&D cost. Aramid fibers are a high-performance material used in composites and safety applications. As a result, they require a high level of R&D. The costs associated with R&D are high in terms of man-hours and materials. Furthermore, the technologically advanced manufacturing methods of these materials require high costs, which limits their market growth.
Key features of the study:
- This report provides in-depth analysis of the global aramid fibers market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2022–2030), considering 2021 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global aramid fibers market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include China National Bluestar (Group) Co. Ltd, DuPont, Hebei Silicon Valley Chemical Co Ltd, Huvis, Hyosung, Kermel, Kolon Industries Inc., Shenma Industrial Co. Ltd, Sinopec Yizheng Chemical Fibre Limited Liability Company, Suzhou Zhaoda Specially Fiber Technical Co.,Ltd., Teijin Limited, Toray Industries Inc., Wuxi, Heshengyuan Carbon Fiber Technology Co. Ltd, X-FIPER New Material Co. Ltd, Xiamen Chao Yu Environmental Protection Technology Co. Ltd, and Yantai Tayho Advanced Materials Co. Ltd
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global aramid fibers market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global aramid fibers market
Detailed Segmentation:
- Global Aramid Fibers Market, By End-User Industry
- Safety and Protection Equipment
- Aerospace
- Automotive
- Electronics and Telecommunication
- Other End-user Industries
- Global Aramid Fibers Market, By Product Type
- Global Aramid Fibers Market, By Region
- Asia-Pacific
- North America
- Europe
- South America
- Middle East & Africa
- Company Profiles
- China National Bluestar (Group) Co. Ltd
- DuPont
- Hebei Silicon Valley Chemical Co Ltd
- Huvis
- Hyosung
- Kermel
- Kolon Industries Inc.
- Shenma Industrial Co. Ltd
- Sinopec Yizheng Chemical Fibre Limited Liability Company
- Suzhou Zhaoda Specially Fiber Technical Co.,Ltd.
- Teijin Limited
- Toray Industries Inc.
- Wuxi Heshengyuan Carbon Fiber Technology Co. Ltd
- X-FIPER New Material Co. Ltd
- Xiamen Chao Yu Environmental Protection Technology Co. Ltd
- Yantai Tayho Advanced Materials Co. Ltd
