Global Aramid Fiber Market was valued at US$ 3.25 Bn in 2017 and is expected to reach US$ 6.52 Bn by 2026, at a CAGR of 9.10 % during a forecast period.

The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding aramid fiber market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, report also focus on competitive analysis of key players by product, price, financial position, product portfolio, growth strategies and regional presence. The report also provide PEST analysis, PORTER’s analysis, SWOT analysis to address question of shareholders to prioritizing the efforts and investment in near future to emerging segment in aramid fiber market.

Aramid fiber is used in several applications due to its advantageous mechanical properties, such as high strength, impact resistivity, abrasion thermal degradation resistance, etc. Para-aramid and meta-aramid fiber is used mostly in protective clothing. These fibers when used in clothing, conveys several properties such as high strength, lightweight, cut-resistivity, and high energy absorption into the clothing material. These are used extensively in ballistic protective applications, such as bulletproof vests, protective apparel such as gloves, motorcycle protective clothing, and hunting gaiters, chaps, and pants.

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Global demand for aramid fibers, which was bottomed out in 2017 has increased to record level in 2026 and is projected to increase by a CAGR of about 9.10% during 2017-2026, reflecting the growing need for materials that contribute to enhanced safety and security, low weight and help reducing energy consumption. End user industries such as Automotive and aerospace & defense are expected to persist the key end use industries in the global aramid fiber market during the forecast timeframe. A significant part of every country’s annual budget is occupied by the defense sector due to several factors such as political differences and rising tension across borders. Therefore, increased government expenditure in the aerospace, defense and security industries is expected to drive the market in forecast period.

Increased demand for lightweight materials in security & protection applications and potential substitute for steel and asbestos are the major drivers of the aramid fiber market. The increasing pollution levels in many developed as well as emerging regions are reaching an alarming stage. Such a situation is one of the main factors for the growth in demand of aramid fibers market. High R&D costs of the aramid fibers and non-biodegradable nature of aramid fibers are the restraining factors for the growth of aramid fibers market.

Based on types, Para-aramid fiber and meta-aramid fiber are the two types of aramid fibers which are widely used in many end user industries. The para-aramid segment has superior properties such as high strength, lightweight as compared to meta-aramid fibers and likely to dominant the market during the forecast period. These fibers have gained popularity over the few decades in many applications such as ballistic protection, wire and cables, race cars, and protective gloves. In terms of revenue, meta-aramid fiber segment is expected to hold a highest CAGR during the forecast period.

Based on application, Security and protection accounts largest share by application in 2017 due to increasing applicability of personal protective equipment in various end-use markets. Aramid fibers are highly used in this application due to growing concerns over protection of personnel in military and industrial sectors.

Europe was the leading market for aramid fiber followed by North America and APAC, holding around 37% market share in 2017. Also, in 2017, North America held the second largest market for aramid fiber with around 28% share while the APAC held around 22%. The Asia Pacific is further foretold to be the fastest growing market for aramid fiber in the forecasted year.

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Scope of Global Aramid Fiber Market:

Global Aramid Fiber Market, by Type:

• Para-Aramid Fiber
• Meta-Aramid Fiber
Global Aramid Fiber Market, by Application:

• Security & Protection
• Frictional Material
• Industrial Filtration
• Optical Fibers
• Rubber Reinforcement
• Tire Reinforcement
Global Aramid Fiber Market, by Region:

• North America
• Europe
• Middle East & Africa
• Asia Pacific
• South America
Key Players Operating In Global Aramid Fiber Market:

• Dow DuPont
• Teijin Ltd.
• Toray Industries Inc.
• Hyosung Corp.
• Kolon Industries Inc.
• Huvis Corp.
• Yantai Tayho Advanced Material Co.
• Kermel
• China National Bluestar Co. Ltd.
• Taekwang Industrial Co., Ltd.
• SRO Aramid (Jiangsu) Co. Ltd

MAJOR TOC OF THE REPORT

Chapter One: Aramid Fiber Market Overview

Chapter Two: Manufacturers Profiles

Chapter Three: Global Aramid Fiber Market Competition, by Players

Chapter Four: Global Aramid Fiber Market Size by Regions

Chapter Five: North America Aramid Fiber Revenue by Countries

Chapter Six: Europe Aramid Fiber Revenue by Countries

Chapter Seven: Asia-Pacific Aramid Fiber Revenue by Countries

Chapter Eight: South America Aramid Fiber Revenue by Countries

Chapter Nine: Middle East and Africa Revenue Aramid Fiber by Countries

Chapter Ten: Global Aramid Fiber Market Segment by Type

Chapter Eleven: Global Aramid Fiber Market Segment by Application

Chapter Twelve: Global Aramid Fiber Market Size Forecast (2019-2026)

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The global aramid fiber market is estimated to gain huge traction in terms of value, during the forthcoming years. Aramid fibers are derived for their superior strength and stiffness that allows its usage for efficient load transfer in heavy-duty industries. The growing number of wars and strains across international borders has hiked the demand for bulletproof vests, missiles, armored car, eye-guards, headgear, etc., which has propelled the progression of the market. Aramid fiber has registered moderately high cost and low compressive strength, thus hindering the market expansion.

Based on product, the market has been segmented into meta-aramid, para-aramid, and others. Aramid fiber market has found its application across ballistic security & protection, rubber reinforcement, optical fibers, frictional materials, tire reinforcement, aerospace, and electrical insulation, and others. Meta-aramid fibers are highly resistant to extreme temperature & adverse climatic condition, abrasion, and chemical degradation, which has encouraged this industry to generate the highest market share.

In order to study the span of the industry, the global market has been geographically segmented into the five key regions of North America, Europe, the Asia Pacific, the Middle East, and Africa, and Latin America. The stringent regulatory norms for building strong airplane structures and demand for protective clothing is spurring the market growth across European countries like Germany, France, and the U.K. Also, the enormous proliferation of oil & gas, steel, and construction industry in Europe has impelled it to emerge as the fastest growing and the highest market share generating region. Swelling demand for aramid fibers in electrical, automotive, and construction end-user manufacturing sectors, across the emerging economies China and India, is likely to drive the market in Asia Pacific in the upcoming years.

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The market offers a multitude of challenges for the industry participants and a decisive understanding of these challenges have impelled the players to pander strategic merger & acquisition activities with their fellow contenders. They have identified the sales volume, former growth statistics, cost of resources, and future prospects.

The competitive landscape showcases the profiles and business strategies of the major players, along with their recent developments. Some of the dominant players operating in this market include Teijin Aramid, Kolon Industries Inc., E. I. du Pont de Nemours and Company, Yantai Tayho Advanced Materials Co. Ltd., Alchemie Group, HYOSUNG Corporation, Kermel, China National Bluestar Co. Ltd., SRO Group Ltd., and Guangdong Charming Co., Ltd. Among others.

The emerging companies have registered the key raw material suppliers, buyers, research investors and distributors of the air quality monitoring systems market. Stakeholders and investors are increasing their spending on research and development activities to scale the latest technologies in their system engineering process. The competitors are profiling their business expansion strategies by incorporating collaborations, and joint ventures with the fellow contenders. They have inspected the assorted threats and evolving disruptive technologies to shape the supply and demand of aramid fiber market in the forthcoming years.

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