Para-Aramid Fiber Market Size, Share & Analysis to 2027

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Para Aramid Fiber Market Trends and Forecast

The future of the para aramid fiber market looks promising with opportunities in the frictional materials, protection, electrical transmission, safety garments, rubber reinforcement, tire reinforcement, and oil and gas industries. The global para aramid fiber market is expected to reach an estimated $4.7 billion by 2027 with a CAGR of 6.9% from 2021 to 2027. The major drivers for this market are increasing usage of para aramid fiber in brake pads, clutches, gaskets, linings, and tires in automotive and the growing demand for protective clothing in defense and industrial sectors.

Para Aramid Fiber Market by Application, and Product Form

Emerging Trends in the Para Aramid Fiber Market

Emerging trends, which have a direct impact on the dynamics of the industry, include development of new para aramid fabric which protects structures from airborne volcanic fragments.
A total of 115 figures / charts and 112 tables are provided in this 200-page report to help in your business decisions. A sample figure with insights is shown below.

Para Aramid Fiber Market by Segment

The study includes a forecast for the global para aramid fiber market by application, product form, and region as follows:

By Application [Value ($B) and Volume (M lbs) shipment analysis for 2016 – 2027]:

Frictional Materials
Brake Pad
Gasket
Protection
Bullet Proof Vest
Bullet Proof Vehicles
Combat Helmet
Electrical Transmission
Optical Fiber
Others
Safety Garments
Gloves
Fire Fighting Garments
Rubber Reinforcement
Conveyor Belt
Others
Tire Reinforcement
Oil and Gas
Others

By Product Form [Value ($B) and Volume (M lbs) shipment analysis for 2016 – 2027]:

Filament Yarn
Short Fibers
Pulp
Others

By Region [Value ($B) and Volume (M lbs) shipment analysis for 2016 – 2027]:

North America
Europe
Asia Pacific
Rest of World

List of Para Aramid Fiber Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies para aramid fiber companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the para aramid fiber companies profiled in this report includes.

Para Aramid Fiber Market Insight

Lucintel forecasts that protection segment will remain the largest application and is also expected to witness the highest growth over the forecast period due to growing need for protection of military personnel from mine attacks is expected to drive demand for mine-resistant ambush protected automobiles.
Filament Yarn para aramid fiber will remain the largest segment and it is expected to witness the highest growth over the forecast period due to increasing demand for protective clothing in the military and stringent regulations in Europe and North America regarding employee health and safety.
North America is expected to remain the largest region over the forecast period due to increasing automotive production, growth in aerospace industry, and stringent government regulation on industrial safety and protection.

Features of Para Aramid Fiber Market

Market Size Estimates: Para aramid fiber market size estimation in terms of value ($B) and Volume (M lbs)
Trend and Forecast Analysis: Market trends (2016-2021) and forecast (2022-2027) by various segments and regions.
Segmentation Analysis: Market size by application, product form and region
Regional Analysis: Para aramid fiber market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different application, product form and regions for the recycled carbon fiber market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape for the para aramid fiber market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the para aramid fiber market size?
Answer: The global para aramid fiber market is expected to reach an estimated $4.7 billion by 2027.
Q2. What is the growth forecast for para aramid fiber market?
Answer: The para aramid fiber market is expected to grow at a CAGR of 6.9% from 2021 to 2027.
Q3. What are the major drivers influencing the growth of the para aramid fiber market?
Answer: The major drivers for this market are increasing usage of para aramid fiber in brake pads, clutches, gaskets, linings, and tires in automotive and the growing demand for protective clothing in defense and industrial sectors.
Q4. What are the major applications or end use industries for para aramid fiber?
Answer: Frictional materials, protection, electrical transmission, safety garments, rubber reinforcement, tire reinforcement, and oil and gas industries.
Q5. What are the emerging trends in para aramid fiber market?
Answer: Emerging trends, which have a direct impact on the dynamics of the industry, include development of new para aramid fabric which protects structures from airborne volcanic fragments.
Q6. Who are the key para aramid fiber companies?
Answer: Some of the key para aramid fiber companies are as follows:

Tejin Aramid
DuPont
Kolon Industries
Hyosung Corporation
Yantai Tayho Advanced Materials Co. Ltd

Q7.Which para aramid fiber product segment will be the largest in future?
Answer: Lucintel forecasts that filament yarn para aramid fiber will remain the largest segment over the forecast period due to increasing demand for protective clothing in the military and stringent regulations in Europe and North America regarding employee health and safety.
Q8: In para aramid fiber market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to remain the largest region over next 5 years
Q9. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.

This report answers following 11 key questions

Q.1 What are some of the most promising potential, high growth opportunities for the global para aramid fiber market by application (frictional materials, protection, electrical transmission, safety, rubber reinforcement, tire reinforcement, oil and gas and others), product form (filament yarn, short fibers, pulp and others) and region (North America, Europe, Asia Pacific and ROW)?
Q. 2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this market?

For any questions related to para aramid fiber market or related to para aramids, para aramid fiber market suppliers, para aramid fiber manufacturers, para aramid fiber raw material, para aramid fiber cost, para aramid fiber market share, para aramid fiber market analysis, para aramid fiber market size, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.

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Table of Contents

1. Executive Summary

2. Global Para Aramid Fiber Market Dynamics

2.1: Introduction, Background, and Classifications

2.2: Supply Chain

2.3: Industry Drivers and Challenges

3. Market Trends and Forecast Analysis from 2016 to 2027

3.1: Macroeconomic Trends and Forecasts

3.2: Global Para Aramid Fiber Market Trends and Forecast

3.3 Global Para Aramid Fiber Market by End Use

3.3.1: Friction Materials

3.3.1.1: Brakes

3.3.1.2: Gaskets

3.3.2: Protection

3.3.2.1: Bullet Proof Vests

3.3.2.2: Bullet Proof Vehicles

3.3.2.3: Combat Helmet

3.3.3: Electrical Transmission

3.3.3.1: Optical Cable

3.3.3.2: Others

3.3.4: Safety

3.3.4.1: Fire Fighting Gear

3.3.4.2: Protective Gloves

3.3.5: Rubber Reinforcement

3.3.5.1: Conveyor Belt

3.3.5.2: Others

3.3.6: Tire Reinforcement

3.3.7: Oil and Gas

3.3.8: Others

3.4: Global Para Aramid Fiber Market by Skin Characteristic

3.4.1: Filament Yarn

3.4.2: Short Fibers

3.4.3: Pulp

3.4.4: Others

4. Market Trends and Forecast Analysis by Region

4.1: Global Para Aramid Fiber Market by Region

4.2: North American Para Aramid Fiber Market

4.2.1: Market by Application

4.2.2: American Para Aramid Fiber Market By Country

4.2.2.1: US Para Aramid Fiber Market By Application

4.2.2.2: North America Para Aramid Fiber Market By Application

4.2.2.3: South America Para Aramid Fiber Market By Application

4.3: European Para Aramid Fiber Market

4.3.1: Market by Application

4.4: APAC Para Aramid Fiber Market

4.4.1: Market by Application

4.5: ROW Para Aramid Fiber Market

4.5.1: Market by Application

5. Competitor Analysis

5.1: Product Portfolio Analysis

5.2: Market Share Analysis

5.3: Operational Integration

5.4: Geographical Reach

5.5: Porter’s Five Forces Analysis

6. Growth Opportunities and Strategic Analysis

6.1: Growth Opportunity Analysis

6.1.1: Growth Opportunities for the Global Para Aramid Fiber Market by Application

6.1.2: Growth Opportunities for the Global Para Aramid Fiber Market by Product

6.1.3: Growth Opportunities for the Global Para Aramid Fiber Market by Region

6.2: Emerging Trends in the Global Para Aramid Fiber Market

6.3: Strategic Analysis

6.3.1: New Product Development

6.3.2: Capacity Expansion

6.3.3: Certificate and Licensing

7. Company Profiles of Leading Players

7.1: Teijin Aramid

7.2: DowDuPont

7.3: Kolon Industries Inc.,

7.4: Hyosung Corporation

7.5: Yantai Tayho Advanced Materials Co. Ltd.

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115 figures/charts and 112 tables are provided in this 200 - page report

Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:

In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.

Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.

Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.

Para Aramid Fiber Market Trends: Trends, Opportunities and Competitive Analysis [2022-2027]

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