According to a new market report published by Lucintel, the future of the aramid fiber market looks promising with opportunities in safety and protection, frictional material, rubber reinforcement, and electrical transmission applications. The global aramid fiber market is expected to reach an estimated $4.7 billion by 2027 with a CAGR of 6.9% from 2021 to 2027.
Browse 62 market data tables and 92 figures spread through 155 pages and in-depth TOC on “Aramid Fiber Market"
The major drivers of growth for this market are increasing usage of aramid fiber in brake pads, clutches, gaskets, linings, and tires in automotive and the growing demand for protective clothing from defense and industrial sectors.
In this market, para aramid fiber and meta aramid fiber are the various types of aramid fiber. Lucintel forecasts that para aramid fiber is expected to remain the largest market by value and volume over the forecast period mainly driven by its increasing use in automotive, defense, and industrial sector.
Within the global aramid fiber market, safety and protection will remain the largest application by value and volume due to increasing in government initiatives for the safety of the employees and public.
North America is expected to remain the largest market and due to increasing demand for lightweight and flexible materials from the automotive and military & defense industries. APAC is expected to witness the highest growth over the forecast period.
Emerging trends, which have a direct impact on the dynamics of the industry, includes increasing penetration of aramid fiber advances in head protection application and aramid fiber wrapping for reinforced concrete columns. Kolon Industries, DuPont, Teijin Aramid, Yantai Tayho, Hyosung, China National Bluestar, Huvis, kermel, and X-FIPER New Material are among the major aramid fiber manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global aramid fiber market by application, type, end use, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Aramid Fiber Market 2022-2027: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global aramid fiber market by application, type, end use, and region as follows:
By Application [Value ($M) and Volume (M lbs) shipment analysis for 2016 – 2027]:
•Safety and Protection
•Frictional Material
•Rubber Reinforcement
•Electrical Transmission (Optical Fiber)
•Others
By Type [Value ($M) and Volume (M lbs) shipment analysis for 2016 – 2027]:
•Meta Aramid Fiber
•Para Aramid Fiber
By End Use [Value ($M) and Volume (M lbs) shipment analysis for 2016 – 2027]:
•Aerospace
•Automotive
•Electronics and Telecommunication
•Protective Clothing
•Others
By Region [Value ($M) and Volume (M lbs) shipment analysis for 2016 – 2027]:
•North America
•Europe
•Asia Pacific
•The Rest of the World
This 155-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/aramid-fiber-market.aspx or write us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for the global aramid fiber market by application (safety and protection, frictional material, rubber reinforcement, electrical transmission, and others), type (para aramid fiber and meta aramid fiber), end use (aerospace, automotive, electronics and telecommunication, protective clothing, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
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 global aramid fiber market?
Q.5 What are the business risks and threats to the global aramid fiber market?
Q.6 What are emerging trends in the global aramid fiber market and the reasons behind them?
Q.7 What are some changing demands of customers in the global aramid fiber market?
Q.8 What are the new developments in the global aramid fiber market? Which companies are leading these developments?
Q.9 Who are the major players in the global aramid fiber 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 the global aramid fiber market, 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 did take place in the last five years in the global aramid fiber market?