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Global Aramid Fiber Market Outlook 2030: Global Opportunity And Demand Analysis, Market Forecast To 2030

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Global Aramid Fiber Market Outlook 2030: Global Opportunity And Demand Analysis, Market Forecast To 2030

Global Aramid Fiber Market Outlook 2030: Global Opportunity And Demand Analysis, Market Forecast To 2030

  • Published Date: 10 May 2022
  • Report ID:CMFE 0041
  • Pages:135
  • Base Year2021
  • FormatPDF
  • Historical Data: 2016-2020

According to statistics made by Insure Insight, the global aramid fiber market is projected to grow significantly, registering a CAGR of 5.5% during the forecast period (2022 – 2030).

GLOBAL ARAMID FIBER MARKET – MARKET OVERVIEW

High demand for protective clothing from industries such as mining and oil and gas, changing raw material costs, and applications in the military and aerospace industries are all key factors driving the market growth.

GLOBAL ARAMID FIBER MARKET – MARKET DYNAMICS

Top Driver: high demand for aramid fiber in automotive industries is boosting the growth of the market

The rising demand for aramid fiber in the automotive industry, for example, is propelling market growth. In the automobile industry, these are used in tire reinforcing material, turbocharger hoses, mechanical components, belts, brake pads, gaskets, gearboxes, seat textiles, electronics, seating sensors, and combination motor materials. Furthermore, due to their exceptional thermal resistance, such fibers are suitable for use in high-temperature applications. In recent years, there has been a trend toward lighter vehicles. As a result, car manufacturers are making lighter vehicles by replacing metal with aramid fiber composites, which are light, strong, and recyclable. The increased demand for lightweight automobiles benefits the aramid fiber market.

According to the OICA, approximately 77.62 million vehicles will be manufactured in 2020, a 15.8% decrease in growth rate. The drop is primarily due to lower output in major automotive hubs such as China, the United States, Japan, India, South Korea, and Germany. In 2020, the GDPs of these countries will have fallen by 19, 2, 17, and 24%, respectively, compared to the previous year.

COVID-19 IMPACTS ON THE GLOBAL ARAMID FIBER MARKET

The onset of COVID-19 has adversely affected every sector around the world. However, the demand for chemicals and related materials has grown significantly during the pandemic period. Healthcare and institutional cleaners are playing a drastic role in keeping the continuous demand for chemicals. As 96% of manufactured goods are connected with the chemical industry, the chemical and material sectors are expected to gain more traction over the forecast period owing to increasing demand from various end-use sectors. However, many industries are facing a temporary halt in manufacturing processes which is causing low demand for chemicals and materials through various end-use sectors. In addition, disruption in the supply chain and distributors network acts as a major hurdle in the growth of the global market.

The security and protection segment is anticipated to dominate the market during the forecast period

Revenue is expected to be highest in the security and protection segment. Aramid fibers are used in protective clothing and accessories to protect against, among other things, bullets, stabbing, heat, cuts, bomb fragments, and shrapnel. This category contains ballistic equipment, industrial gloves, hard armors, vehicle armors, and other items. Furthermore, when firefighters are most in need, this fiber strengthens the protective barrier between the heat source and the skin; this robust barrier remains pliable and flexible until it cools, providing additional minutes of protection without limiting mobility.

Europe possesses the largest share in the global aramid fiber market

Europe accounted for the majority of revenue. Safety regulations in the oil and gas, construction, aluminum, and steel industries are increasing the demand for protective clothing in Europe, which is driving the market. Germany dominates the European automotive sector, accounting for one-third of total vehicle production with 41 assembly and engine production plants. Equipment manufacturers, material and component suppliers, engine manufacturers, and entire system integrators all have a presence in Germany, which is one of the automobile industry’s key manufacturing bases.

COMPETITIVE ANALYSIS

The global aramid fiber market is reasonably competitive with mergers, acquisitions, and product launches. See some of the major key players in the market;

  • China National Bluestar Co. Ltd.
  • Toray Chemicals South Korea Inc.
  • SRO Aramid Co.
  • Yantai Tayho Advanced Materials Co.
  • Huvis Corp
  • Hyosung Corp

Scope of the Report

  • By Type
  • Para-aramid
  • Meta-aramid

 

  • By Application
  • Security and Protection
  • Frictional Materials
  • Industrial Filtration
  • Optical Fibers
  • Rubber Reinforcement
  • Tire Reinforcement
  • Electrical Insulation
  • Others

 

  • By Region
  • North America (the United States & Canada)
  • Europe (Germany, UK, France, Spain, Italy, and the Rest of Europe)
  • Asia Pacific (China, Japan, India, and Rest of Asia Pacific)
  • Rest of the World (the Middle East & Africa, Latin America, and Rest of The World)

Keys reasons to purchasing this report

  • It provides a technological development map over time to understand the industry’s growth rate and indicates how the Aramid Fiber market is evolving.
  • The report offers a dynamic method to various factors that drive or restrain the growth of the market and specifies which Aramid Fiber submarket will be the main driver of the overall market from 2019 to 2030.
  • It renders a definite analysis of changing competitive dynamics and stipulates the leading players and what are their prospects over the forecast period.

It builds a seven-year estimate based on how the market is predicted to grow and shows what will market shares of the national markets change by 2030 and which nation will lead the market in 2030.

  1. Overview and scope
    • Market Vision
      • Market Definition
      • Market Scope
    • Market Segmentation
  2. Executive Summary
    • Market Snapshot
    • Global Aramid Fiber Market- Regional Snapshot
    • Global Aramid Fiber Market, By Type
      • Global Aramid Fiber Market Size By Type: 2020 VS 2030
    • Global Aramid Fiber Market, By Application
      • Global Aramid Fiber Market Size By Application: 2020 VS 2030
  1. Global Aramid Fiber Market Overview By Region: 2017 VS 2020 VS 2030
    • Global Aramid Fiber Market Size by Regions (2017-2022) (USD Million)
    • Global Aramid Fiber Market Size by Regions (2023-2030) (USD Million)
  2. Global Aramid Fiber Market Dynamics
    • Market Overview
      • Drivers Analysis
      • Restraints/ Challenges Analysis
      • Opportunities
    • Value Chain Analysis/Supply Chain Analysis
    • Porter’s Five Forces Model
      • Bargaining Power of Suppliers
      • Bargaining Power of Buyers
      • The threat of New Entrants
      • Threat of Substitutes
      • Intensity of Rivalry
    • Covid-19 Impact Analysis on Global Aramid Fiber Market
  3. Global Aramid Fiber Market, By type
    • Overview
    • Global Aramid Fiber Historic Market Size By Type (2017-2030) (USD Million)
    • Key Findings for Aramid Fiber Market – By Type
      • Para-aramid
      • Meta-aramid
  1. Global Aramid Fiber Market, By application
    • Overview
    • Key Findings for Aramid Fiber Market – By Application
      • Security and Protection
      • Frictional Materials
      • Industrial Filtration
      • Optical Fibers
      • Rubber Reinforcement
      • Tire Reinforcement
      • Electrical Insulation
      • Others
  1. Global Aramid Fiber Market, by region
    • Key Findings For Aramid Fiber Market- By region
    • Overview
    • Global Aramid Fiber Market, By Type
    • Global Aramid Fiber, By Application
  2. Global Aramid Fiber Market- North America
    • Overview
    • North America Aramid Fiber Market Size (2017-2030) (USD Million)
    • North America Aramid Fiber Market, By Type
    • North America Aramid Fiber Market, By Application
    • North America Aramid Fiber Market Size by Countries
      • United States
      • Canada
  1. Global Aramid Fiber Market- Europe
    • Overview
    • Europe Aramid Fiber Market Size (2017-2030) (USD Million)
    • Europe Aramid Fiber Market, By Type
    • Europe Aramid Fiber Market, By Application
    • Europe Aramid Fiber Market Size by Countries
      • Germany
      • UK
      • France
      • Spain
      • Italy
      • Rest of Europe
  1. Global Aramid Fiber Market – Asia Pacific
    • Overview
    • Asia Pacific Aramid Fiber Market Size (2017-2030) (USD Million)
    • Asia Pacific Aramid Fiber Market, By Type
    • Asia Pacific Aramid Fiber Market, By Application
    • Asia Pacific Aramid Fiber Market Size by Countries
      • China
      • Japan
      • India
      • Rest of Asia Pacific
  1. Global Aramid Fiber Market- Rest of World
    • Overview
    • Rest of World Aramid Fiber Market Size (2017-2030) (USD Million)
    • Rest of World Aramid Fiber Market, By Type
    • Rest of World Aramid Fiber Market, By Application
    • Rest of World Aramid Fiber Market Size by Regions
      • Middle East & Africa
      • Latin America
      • Rest Of The World
  1. GLOBAL Aramid Fiber MARKET- Competitive Landscape
    • Key Strategies Adopted by the Leading Players
    • Recent Developments
      • Investments & Expansions
      • New End-User Launches
      • Mergers & Acquisitions
      • Agreements, Joint Ventures, and Partnerships
  1. GLOBAL Aramid Fiber MARKET- Company Profiles
    • Company 1
      • Company Overview
      • Financial Overview
      • Product Offered
      • Key Developments
    • Company 2
    • Company 3
    • Company 4
    • Company 5
    • Company 6
    • Company 7
    • Company 8
    • Company 9
  2. Our Research Methodology
    • Insure Insights Research Practice
    • Data Triangulation
    • Data Sources
      • Secondary Sources
      • Primary Sources
    • Assumptions/ Limitations For The Study
    • Market Evaluation & Forecasting Methodology
  3. Appendix
    • Disclaimer

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