Global Aramid Fiber Market By Type (Para-Aramid Fibers, and Meta-Aramid Fibers), By Application (Frictional Materials, Electrical Insulation, Filtration Applications, Optical Fiber Cables, Tire Reinforcements, Rubber Reinforcements, and Other), By Region, and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2019-2028

“Global Aramid Fiber Market” is the title of an upcoming report offered by Market.US. This comprehensive market research report on the aramid fiber industry contains inputs, as well as information & data from both primary and secondary sources, that have been validated and verified by target market experts. Apart from critical data and other related information, the report also includes factors that could be or are potential restraints to market growth, present & future key trends, recourses that can be leveraged for potential market expansion in untapped regions or countries, as well as factors that are presently fueling growth in the aramid fiber market. It also covers challenges or threats for new, as well as existing market entrants. The report presents a thorough study of revenues, key developments, strategies, historical data and information by major players that offer crucial perspectives/insights into various market scenarios. The global aramid fiber market has been segmented on the basis of product type, application, as well as regions and countries.

The Global Aramid Fiber Market was valued at UЅD $3,863.4 Мn in 2020, and is projected to register а САGR of 8.1% over the next 10 years.

Overview:

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Aramid fibers are a class of strong synthetic fibers that are heat-resistant. They are used in military and aerospace applications, for ballistic composites and ballistic-rated body armor fabric, in marine hull reinforcement, marine cordage, and as a substitute for asbestos.

Dynamics:

The growing levels of conflict and unrest across the world is leading numerous governments to invest more towards to improvement and revamping of their existing gear and other related supplies. This is a major factor that is expected to have a significant impact on the revenue growth of the global aramid fiber market in the coming years.

Robust industrialization across the world, especially in emerging economies, which translates to industries such as the automotive, construction, etc., exhibiting continual drastic growth, is also a prominent factor that is slated to contribute to the future revenue growth of this global market, as they are majority revenue contributors to this industry.

Although, the rather high cost of raw materials, and the complex production processes involved are factors that may restrain the revenue growth of this global market. Nonetheless, the surge in disposable incomes of individuals and growth of the working-class population around the globe is leading to more people investing in better quality products, is anticipated to have a positive influence on the revenue growth of the global aramid fiber market in the foreseeable future.

Segmentation of the global aramid fiber market is as follows:

On the basis of product type, the para-aramid segment accounted for the majority revenue shares (59.6%) of the global aramid fiber market in 2019, and is expected to index the highest CAGR of 8.1%, with an attractiveness index of 7.5, over the next 10 years.  The meta-aramid fiber segment accounted for over 4/10ths of this global market’s revenue in 2019, and is slated to index considerable market in the years to come.

With respect to application, the security & protection segment accounted for the maximum number of revenue shares of the global aramid fiber market in 2019, and is anticipated to register the highest CAGR of 9.0%, with an attractiveness index of 4.4, over the forecast period. The industrial filtration segment is also anticipated to index considerable revenue growth in the foreseeable future.

Regional Segmentation and Analysis:

The markets in Europe accounted for the majority revenue shares (36.4%) of the global aramid fiber market in 2019, and is expected to index considerable revenue growth in the coming years. North America accounted for a sizeable portion of this global industry in 2019, and is slated to register the fastest rate of revenue growth over the next 10 years.

Segmentation of the Global Aramid Fiber Market:

Segmentation by Product Type:

• Para-Aramid
• Meta-Aramid

Segmentation by Application:

• Security & Protection
• Industrial Filtration
• Rubber & Tire reinforcement
• Optical Fiber
• Other Applications (Electronics, Ropes, Wires, Cables, Aerospace, Construction, etc.)

Segmentation by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

 Key players profiled in the market report are:

• DuPont de Nemours Inc.
• Yantai Tayho Advanced Materials Co. Ltd
• Teijin Limited
• Hyosung Corporation
• Toray Industries Inc. (Toray Chemicals South Korea Inc.)
• Kermel S.A.
• Kolon Industries
• HUVIS Corp.
• China National Chemical Corporation Limited (China National Bluestar Co. Ltd.)
• X-FIPER New Material Co. Ltd

For the Aramid Fiber Market research study, the following years have been considered to estimate the market size: