Global Aramid Fiber Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Type, Sales Channel, Regional Demand, Foreign Trade, Company Share, 2015-2030

The global Aramid Fiber market has expanded remarkably to reach approximately 100 thousand tonnes in 2021 and is expected to grow at a CAGR of 3.99% during the forecast period until 2030.

Aramid Fiber is the stronger version of polyamide 6 Fiber. It is industrially prepared by the chemical reaction between an amine group and a carboxylic acid halide group. Generally, spinning process is utilized for the preparation of Aramid Fiber. In their chemical structure, they have the connectivity of -(NH-C6H4-CO) n- group. They offer very high tensile strength, water-resistance, corrosion resistance, abrasion resistance, and mechanical properties due to linking in their structure. Furthermore, they show excellent stability at high temperature but melt at temperature greater than 500 degree They have various industrial applications like security and protection, Rubber & Tire Reinforcement, Frictional Material, Optical Fiber, and others Celsius. Aramid Fiber has a wide range of applications such as manufacture of ropes, cables, V-belts, heat-resistant coatings and clothing, snowboards, tennis springs, car tires, turbocharger hoses, train parts, disc brakes, belts, gaskets, clutches, seat fabrics, electronics, seat sensors.

The primary driver of Aramid Fiber global market is accounted by the Automotive sector. In 2021, approximately 30% of global Aramid Fiber was utilized by Automotive sector. This sector is which is anticipated to rise in response to rising demand of vehicles for transportation and travel purposes in the coming years. Due to its superior properties, like water-resistance, corrosion-resistance and stability at high temperatures, the global Aramid Fiber demand by the Safety & protection Equipment industry is also expected rise forecast period. The global Aramid Fiber is anticipated to expand and reach approximately 140 thousand tonnes by 2030.

Based on demand across the globe, the Asia Pacific happens to be the biggest consumer of Aramid Fiber. This region accounted with a demand of approximately 35% of the global Aramid Fiber in 2021. The demand for products in APAC is projected to be expand by growing industrialization and strong expansion of automotives for transportation of goods. The increasing spending on the military in major economies like India is anticipated further expand the usage of Safety & protection Equipment which is expected to further propel the demand of Aramid Fiber. North America is the second largest consumer of global Aramid Fiber. Furthermore, Asia Pacific is also taking the lead as a producer of this Fiber amongst all the other regions. In 2021, about 30% of the global Aramid Fiber production occurred in this region.

Based on type, the global Aramid Fiber market is segregated into Para Aramid and Meta Aramid. Para Aramid is the primarily sold in the market. It accounted for a demand of about 60% of the global Aramid Fiber market in 2021. Para aramid is used for hi-tech applications such as manufacture of bullet proof vests for military and police people.

Based on end-uses, the global Aramid Fiber market is segregated into Automotive, Safety & protection Equipment, Electronic & Telecommunication, Aerospace, and Others. Although, the Automotive industry is the dominating as a consumer industry for Aramid Fiber market. It is anticipated to remain the most significant consumer in forecast period. However, Safety & protection Equipment is also a close competitor as a consumer. The consumption of Aramid Fiber in the Aerospace industry is expected to soar in the forecast period where Aramid Fiber is used for making fuel tanks and doors.

Major players in the production of Global Aramid Fiber are E.I. du Pont de Numerous and company, Teijin Limited, Kolon Industries Inc., Yantai Taiho Advanced Material Co. Ltd, Hyosung Corporation, Toray Industries Inc., SRO Aramid, and Huvis Corporation.

Years considered for this report:

Historical Period: 2015- 2021

Base Year: 2021

Estimated Year: 2022

Forecast Period: 2023-2030

Objective of the Study:

• To assess the demand-supply scenario of Aramid Fiber which covers production, demand and supply of Aramid Fiber market in the globe.
• To analyse and forecast the market size of Aramid Fiber
• To classify and forecast Global Aramid Fiber market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Aramid Fiber market in the globe.

To extract data for Global Aramid Fiber market, primary research surveys were conducted with Aramid Fiber manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Aramid Fiber market over the coming years.

ChemAnalyst calculated Aramid Fiber demand in the globe by analyzing the historical data and demand forecast which was carried out considering the raw materials to produce Aramid Fiber. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.

Key Target Audience:

• Aramid Fiber manufacturers and other stakeholders
• Organizations, forums and alliances related to Aramid Fiber distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Aramid Fiber s manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.

Report Scope:

In this report, Global Aramid Fiber s market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Market by Type: Para Aramid and Meta Aramid
• Market, by end-use: Automotive, Safety & protection Equipment, Electronic & Telecommunication, Aerospace, and Others.
• Market, by Sales Channel: Direct Sale and Indirect Sale
• Market, by Region: North America, Europe, Asia Pacific, Middle East and Africa, and South America.

Available Customizations:

With the given market data, ChemAnalyst offers customizations according to a company's specific needs.