Global Aramid Fiber Market by Type (Para-Aramid Fiber, Meta-Aramid Fiber), Application (Security & Protection, Industrial Filtration, Optical Fibers, Frictional Materials, Rubber Reinforcement, Electrical Insulation, Tire Reinforcement, Others), Region (North America, Europe, Asia Pacific, South America and Middle East and Africa), Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2018 to 2025

    Report ID : 79970   |  Published On: December 2018 |   Pages: |   Format:PDF

Global aramid fiber market is expected to reach USD 6.74 Billion by 2025, at a CAGR of 11.03% from 2018 to 2025. The key contributing factor for the market growth includes expanded interest for security and protection applications that use lightweight materials, demand for substitute of steel and asbestos materials, and rising requirement for lightweight materials offering less emissions in vehicles. Market Overview: Aramid fiber are fibers with molecules of rigid polymer chains that provide heat resistant, light weight, and synthetic fiber nature. These polymer chains in fiber are connected by hydrogen bonds that enables the transfer of mechanical stress effortlessly and efficiently. These fibers are of two types such as aramid fiber and meta-aramid fiber that are used for security and protection applications. For instance, in 2016, Teijin Limited launched Xfire DENIM product based on the aramid fiber. This product was designed for professional and volunteer fire corps to protect them from the fire. The aramid fibers have high abrasion impact and damage resistivity. The aramid fiber are mainly used in industrial, military and civilian applications. Report Description:
  • The base year for the study has been considered 2017, historic year 2015 and 2016 and, the forecast period considered is from 2018 to 2025. The aramid fiber market is analysed on the basis of Volume (Thousand Tons) and value (USD Million).
  • The report provides the key data of production (‘000 Tons), consumption (‘000 Tons), import & export (‘000 Tons), demand, supply and gap analysis in order to understand the present and future scenario of the market.
  • The study delivers a comprehensive analysis of global aramid fiber market by type, application, and regions.
  • The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2018 to 2025.
  • Porter’s Five Forces model is used in order to recognize the competitive scenario in the global aramid fiber market. This report incorporates the industry analysis which is focused on providing an extensive view of the aramid fiber market.
  • The study also includes attractiveness analysis of type, application, and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
  • The report provides company profile of the key players operating in the aramid fiber market and a comparative analysis based on their business overviews, product offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
  • The market estimates have been evaluated by considering the effect of different political, economic, social, technological and legal factors which are based on our extensive secondary research, primary research, and in-house databases.
Market Dynamics: Drivers:
  • Expanded interest for security and protection applications that use lightweight materials
  • Rising requirement for lightweight materials offering less emissions in vehicles
  • Demand for substitute of steel and asbestos materials
Restraints:
  • High research & development costs
  • Non- decomposable feature of aramid fibers
Opportunities:
  • Increasing demand for home security
  • New technological innovations in aramid materials manufacturing
Challenges:
  • High cost of production
Global Aramid Fiber Market Key Findings: All the segments have been analysed on global, regional and country basis. The study includes the analysis of more than 30 countries for each segment. Segmentation Analysis: The aramid fiber market is segmented on the basis of type and application.
  • Type segment is divided into para-aramid fiber and meta-aramid fiber. Meta-aramid fiber segment is anticipated to grow with the highest CAGR of 13.64% over the forecast period. The increase in the demand of meta-aramid fiber is due to the rise in the use of aramid fiber for various purposes such as fire fighters’ uniforms, electrical, and high-temperature working applications.
  • Application segment includes security & protection, industrial filtration, optical fibers, frictional materials, rubber reinforcement, electrical insulation, tire reinforcement, and others. The other segment includes composites, aerospace, recreational goods, and ropes & cables. The optical fibers segment valued around USD 732.71 Million in 2017. The increasing interest for fiber optic cables is driving the requirement for reinforcement materials, of which aramid fibers are one of the favoured choice. Additionally, the growing need for better performing optical cables and increasing web applications are driving the demand of optical fibers segment.
Regional Segmentation Analysis: The market is analysed on the basis of five regions namely North America, Europe, Asia Pacific, South America, and Middle East and Africa. Europe region valued around USD 871.40 Million in 2017 where as the Asia Pacific region held the second dominant position in the market.
  • The government regulations for safety in automotive and defence verticals and demand for lightweight materials for reducing the carbon dioxide emissions has led to the growth of aramid fiber market in European region.
  • In Asia Pacific, the growing infrastructure, telecommunication, and automotive industries in emerging economies such as China, India, South Korea and Japan are contributing to the growth of aramid fiber market.
Global Aramid Fiber Market Competitive Analysis: Key players in the aramid fiber market are DowDuPont, Hyosung Corp., Kolon Industries Inc., Taekwang Industrial Co., Ltd., SRO Aramid Co. Ltd., Toray Industries Inc., Huvis Corp., Yantai Tayho Advanced Material Co., Teijin Ltd., China National Bluestar, and among others. The DowDuPont, Teijin Ltd., Toray Industries Inc., and Kermel are the top leading players of the market. For instance, in 2016, Hexcel Corporation acquired Formax UK Limited. This acquisition added carbon fiber multi-axials, glass fiber, and aramid fiber fabrics products in Hexcel’s portfolio. *All our reports are customizable as per customer requirements Scope
Key Points Information
Evaluate Market Potential Growth Rates (CAGR %) Value (USD Million) {Market Size} Volume (‘Mn Sq Ft)
USP of Report Production Consumption Import & Export Supply Demand Ratio Analysis Company Share Analysis Competitive & Vendor landscape SWOT Analysis of Each Company Profit Margin Analysis Analysis of More than 30 Countries for Each Segment
Historical Years 2015-2017
Forecast Years 2018-2025
Regional Analysis North America, Europe, Asia Pacific, South America, and Middle East and Africa
Countries Analysis U.S., Canada, Mexico, Germany, France, Sweden, Netherlands, U.K., Italy, Spain, Turkey, Switzerland, Belgium, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Brazil, Saudi Arabia, UAE, Egypt, Nigeria, South Africa
This study forecasts revenue and volume growth at global, regional, and country levels from 2015 to 2025. Fior Market Research has segmented the global Aramid Fiber market on the basis of below mentioned segments: Global Aramid Fiber Market, By Type:
  • Para-Aramid Fiber
  • Meta-Aramid Fiber
Global Aramid Fiber Market, By Application:
  • Security & Protection
  • Industrial Filtration
  • Optical Fibers
  • Frictional Materials
  • Rubber Reinforcement
  • Electrical Insulation
  • Tire Reinforcement
  • Others
    • Composites
    • Aerospace
    • Recreational Goods
    • Ropes & Cables
Global Aramid Fiber Market, By Regions:
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Sweden
    • Netherlands
    • U.K.
    • Italy
    • Spain
    • Turkey
    • Switzerland
    • Belgium
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • South Korea
    • Australia
    • Singapore
    • Malaysia
    • Thailand
    • Indonesia
    • Philippines
    • Rest of Asia-Pacific
  • South America
    • Brazil
    • Argentina
    • Colombia
    • Rest of South America
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • Nigeria
    • South Africa
    • Rest of Middle East and Africa
Table of Contents
  1. Introduction
  2. Research Methodology
  3. Executive Summary
  4. Report Premium Insights
  5. Market Overview
  6. Industry Trend Analysis
  7. Global Aramid Fiber Market by Type Analysis
  8. Global Aramid Fiber Market by Application Analysis
  9. Global Aramid Fiber Market by Region Analysis
  10. Competitive Analysis
  11. Company Profiles
  • Business Overview
  • Products Portfolio
  • Key Insights
  • Recent Developments
  • SWOT Analysis
  • Financial Analysis
  • Market Share Analysis


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