Aramid Fiber Reinforced Composite Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032
- Report ID: ME_00112310
- Format: Electronic (PDF)
- Publish Type: Publish
- Number of Pages: 250
Market Snapshot
Source: Market Expertz
| Study Period | 2019-2032 |
| Base Year | 2023 |
| Forcast Year | 2023-2032 |
| CAGR | 7.2 |
Gain accurate insights regarding the negative impacts of COVID-19 on all markets and industries
Download Sample PdfReport Overview
Aramid Fiber Market Analysis By Type (Para-aramid, Meta-aramid), By Application (Aerospace, Automotive, Electronics, Protective Apparel, Sports Equipment), By End-Use (Military & Defense, Industrial, Consumer Goods), and By Region Forecast to 2032:
Aramid Fiber Market Analysis Report from 2023 to 2032:
The Aramid Fiber market is poised for substantial growth, projected to expand at a CAGR of 6.2% between 2023 and 2032. During this period, the market size is expected to increase by USD 8.9 billion. Several factors contribute to the dynamics of the market, including the demand for lightweight and high-strength materials in various industries, the increasing use of aramid fibers in protective applications, and advancements in fiber technology.
Aramid Fiber Market Overview:
Drivers:
The aerospace, automotive, and protective apparel sectors' growth acts as significant drivers for the Aramid Fiber market. Aramid fibers, known for their exceptional strength-to-weight ratio, are used in aircraft components, vehicle lightweighting, and protective gear. As the demand for fuel efficiency, safety, and high-performance materials rises, the adoption of aramid fibers accelerates.
Furthermore, the military & defense and industrial sectors' increasing reliance on aramid fibers for ballistic protection and industrial applications contributes to the market's expansion. Aramid fibers are used in body armor, vehicle armor, and industrial composites to enhance safety and performance.
Trends:
An emerging trend in the Aramid Fiber market is the development of meta-aramid fibers with flame-resistant properties. Manufacturers are focusing on creating aramid fibers that provide inherent flame resistance, making them suitable for use in protective apparel and industrial applications. This trend aligns with the growing demand for flame-resistant and durable materials.
Additionally, the use of aramid fibers in electronics and sports equipment is gaining traction. These applications leverage the lightweight and high-strength properties of aramid fibers to enhance product performance and durability.
Restraints:
Fluctuations in raw material prices and concerns related to aramid fiber recycling can impact the Aramid Fiber market's growth. Manufacturers must manage cost fluctuations and address sustainability concerns to maintain market stability.
Furthermore, competition from alternative high-performance fibers, such as carbon fibers and glass fibers, poses a challenge for market share. These alternatives offer different benefits, such as higher stiffness and electrical conductivity in some cases.
Aramid Fiber Market Segmentation By Type:
Para-aramid and meta-aramid fibers both contribute to the Aramid Fiber market. These types of aramid fibers have unique properties that make them suitable for various applications.
Aramid Fiber Market Segmentation By Application:
The aerospace, automotive, electronics, protective apparel, and sports equipment segments are significant contributors to the Aramid Fiber market. Aramid fibers find applications in various industries to enhance product performance and safety.
Aramid Fiber Market Segmentation By End-Use:
Military & defense, industrial, and consumer goods sectors all play significant roles in the Aramid Fiber market. These end-users rely on aramid fibers for their high-strength and lightweight properties.
Regional Overview:
Download the report summary now!
Request pdf SampleNorth America is expected to be a significant contributor to the global Aramid Fiber market, accounting for a substantial share of market growth during the forecast period. The region's aerospace and defense industries, as well as the demand for protective gear, drive the adoption of aramid fibers.
Asia Pacific (APAC) also holds notable potential in the Aramid Fiber market, particularly in countries like China and India, where rapid industrialization and automotive production create demand for high-performance materials.
Aramid Fiber Market Customer Landscape:
The Aramid Fiber market analysis includes a comprehensive assessment of the customer landscape, tracking preferences and requirements of different customer segments. From aerospace manufacturers seeking lightweight materials to consumer goods companies valuing durability, the report offers insights into customer preferences, purchase criteria, and price sensitivities. This knowledge empowers companies to tailor their strategies and offerings to effectively cater to the diverse needs of their customer base.
Major Aramid Fiber Market Companies:
Companies in the Aramid Fiber market are adapting their offerings to cater to industries' demands for high-strength and lightweight materials.
- Teijin Limited: Teijin specializes in providing a range of aramid fibers, including para-aramid and meta-aramid options, for various applications, with a focus on performance and safety.
- DuPont de Nemours, Inc.: DuPont offers aramid fibers with inherent flame resistance, suitable for protective apparel and industrial use, emphasizing safety and durability.
- Kolon Industries, Inc.: Kolon Industries provides aramid fibers for aerospace, automotive, and industrial applications, with a focus on lightweighting and high-strength solutions.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
- Hyosung Corporation
- SRO Aramid (Jiangsu) Co., Ltd.
- Yantai Tayho Advanced Materials Co., Ltd.
- Huvis Corporation
- Taekwang Industrial Co., Ltd.
- Kermel S.A.
- Twaron BV
- SABIC
- Toray Industries, Inc.
- KOLON GLOBAL CORPORATION
- Performance Fibers
- China National Bluestar (Group) Co., Ltd.
- Beijing Tongyizhong Specialty Fiber Technology & Development Co., Ltd.
- Sichuan Aerospace Tuoxin Basalt Industrial Co., Ltd.
- Asahi Kasei Corporation
- Honeywell International Inc.
- W. L. Gore & Associates, Inc.
- Ibiden Co., Ltd.
- Zhejiang Mengtex Special Materials Technology Co., Ltd.
- Changzhou Sanyou Dissan Protective Materials Co., Ltd.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Segment Overview:
The Aramid Fiber market report provides comprehensive revenue forecasts at the global, regional, and country levels. It analyzes the latest trends and growth opportunities from 2023 to 2032.
- Type Outlook (USD Million, 2023 - 2032)
o Para-aramid
o Meta-aramid
- Application Outlook (USD Million, 2023 - 2032)
o Aerospace
o Automotive
o Electronics
o Protective Apparel
o Sports Equipment
- End-Use Outlook (USD Million, 2023 - 2032)
o Military & Defense
o Industrial
o Consumer Goods
- Geography Outlook (USD Million, 2019 - 2032)
o North America
- The U.S.
- Canada
o Europe
- U.K.
- Germany
- France
- Rest of Europe
o APAC
- China
- India
o South America
- Chile
- Argentina
- Brazil
o Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
TABLE OF CONTENTS: GLOBAL Aramid Fiber Reinforced Composite MARKET
Chapter 1. MARKET SYNOPSIS`
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. EXECUTIVE SUMMARY
2.1. Summary Snapshot, 2016 – 2027
Chapter 3. INDICATIVE METRICS
3.1. Macro Indicators
Chapter 4. Aramid Fiber Reinforced Composite MARKET SEGMENTATION & IMPACT ANALYSIS
4.1. Aramid Fiber Reinforced Composite Segmentation Analysis
4.2. Industrial Outlook
4.3. Price Trend Analysis
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.5.1. Power Of Suppliers
4.5.2. Power Of Buyers
4.5.3. Threat Of Substitutes
4.5.4. Threat Of New Entrants
4.5.5. Competitive Rivalry
Chapter 5. Change Aramid Fiber Reinforced Composite MARKET BY type INSIGHTS & TRENDS
5.1. Segment 1 Dynamics & Market Share, 2019 & 2027
5.2. Thermoplastic
5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
5.3. Thermoset
5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
Chapter 6. Aramid Fiber Reinforced Composite MARKET BY Application INSIGHTS & TRENDS
6.1. Segment 2 Dynamics & Market Share, 2019 & 2027
6.2. Sport Goods
6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
6.3 Aircrafts
6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
6.4 Military
6.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
6.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
6.5 Vehicles
6.5.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
6.5.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
Chapter 7. Aramid Fiber Reinforced Composite MARKET REGIONAL OUTLOOK
7.1. Aramid Fiber Reinforced Composite Market Share By Region, 2019 & 2027
7.2. NORTH AMERICA
7.2.1. North America Aramid Fiber Reinforced Composite Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.2.2. North America Aramid Fiber Reinforced Composite Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.2.3. North America Aramid Fiber Reinforced Composite Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.2.4. North America Aramid Fiber Reinforced Composite Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.2.5. U.S.
7.2.5.1. U.S Aramid Fiber Reinforced Composite Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.2.5.2. U.S. Aramid Fiber Reinforced Composite Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.2.5.3. U.S. Aramid Fiber Reinforced Composite Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.2.5.4. U.S. Aramid Fiber Reinforced Composite Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.2.6. CANADA
7.2.6.1. Canada Aramid Fiber Reinforced Composite Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.2.6.2. Canada Aramid Fiber Reinforced Composite Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.2.6.3. Canada Aramid Fiber Reinforced Composite Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.2.6.4. Canada Aramid Fiber Reinforced Composite Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3. EUROPE
7.3.1. Europe Aramid Fiber Reinforced Composite Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.2. Europe Aramid Fiber Reinforced Composite Estimates And Forecast By Segment 1, 2016 –2027, (USD Million
7.3.3. Europe Aramid Fiber Reinforced Composite Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.4. Europe Aramid Fiber Reinforced Composite Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3.5. GERMANY
7.3.5.1. Germany Aramid Fiber Reinforced Composite Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.5.2. Germany Aramid Fiber Reinforced Composite Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.3.5.3. Germany Aramid Fiber Reinforced Composite Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.5.4. Germany Aramid Fiber Reinforced Composite Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3.6. FRANCE
7.3.6.1. France Aramid Fiber Reinforced Composite Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.6.2. France Aramid Fiber Reinforced Composite Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.3.6.3. France Aramid Fiber Reinforced Composite Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.6.4. France Aramid Fiber Reinforced Composite Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3.7. U.K.
7.3.7.1. U.K. Aramid Fiber Reinforced Composite Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.7.2. U.K. Aramid Fiber Reinforced Composite Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.3.7.3. U.K. Aramid Fiber Reinforced Composite Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.7.4. U.K Aramid Fiber Reinforced Composite Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4. ASIA-PACIFIC
7.4.1. Asia Pacific Aramid Fiber Reinforced Composite Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.2. Asia Pacific Aramid Fiber Reinforced Composite Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.3. Asia Pacific Aramid Fiber Reinforced Composite Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.4. Asia Pacific Aramid Fiber Reinforced Composite Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.5. CHINA
7.4.5.1. China Aramid Fiber Reinforced Composite Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.5.2. China Aramid Fiber Reinforced Composite Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.5.3. China Aramid Fiber Reinforced Composite Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.5.4. China Aramid Fiber Reinforced Composite Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.6. INDIA
7.4.6.1. India Aramid Fiber Reinforced Composite Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.6.2. India Aramid Fiber Reinforced Composite Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.6.3. India Aramid Fiber Reinforced Composite Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.6.4. India Aramid Fiber Reinforced Composite Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.7. JAPAN
7.4.7.1. Japan Aramid Fiber Reinforced Composite Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.7.2. Japan Aramid Fiber Reinforced Composite Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.7.3. Japan Aramid Fiber Reinforced Composite Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.7.4. Japan Aramid Fiber Reinforced Composite Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.8. AUSTRALIA
7.4.8.1. Australia Aramid Fiber Reinforced Composite Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.8.2. Australia Aramid Fiber Reinforced Composite Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.8.3. Australia Aramid Fiber Reinforced Composite Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.8.4. Australia Aramid Fiber Reinforced Composite Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.5. MIDDLE EAST AND AFRICA (MEA)
7.5.1. Mea Aramid Fiber Reinforced Composite Estimates And Forecast, 2016 – 2027, (USD Million)
7.5.2. Mea Aramid Fiber Reinforced Composite Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.5.3. Mea Aramid Fiber Reinforced Composite Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.5.4. Mea Aramid Fiber Reinforced Composite Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.6. LATIN AMERICA
7.6.1. Latin America Aramid Fiber Reinforced Composite Estimates And Forecast, 2016 – 2027, (USD Million)
7.6.2. Latin America Aramid Fiber Reinforced Composite Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.6.3. Latin America Aramid Fiber Reinforced Composite Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.6.4. Latin America Aramid Fiber Reinforced Composite Estimates And Forecast By Production Process, 2016 –2027, (USD Million)
7.6.5. Latin America Aramid Fiber Reinforced Composite Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
Chapter 8. COMPETITIVE LANDSCAPE
8.1. Market Share By Manufacturers
8.2. Strategic Benchmarking
8.2.1. New Product Launches
8.2.2. Investment & Expansion
8.2.3. Acquisitions
8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures
8.3. Vendor Landscape
8.3.1. North American Suppliers
8.3.2. European Suppliers
8.3.3. Asia-Pacific Suppliers
8.3.4. Rest Of The World Suppliers
Chapter 9. COMPANY PROFILES
9.1 DuPont
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Insights
9.1.4. Strategic Initiatives
9.2 Teijin
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Insights
9.2.4. Strategic Initiatives
9.3 Advanced Composites
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Insights
9.3.4. Strategic Initiatives
9.4 Lanxess
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Insights
9.4.4. Strategic Initiatives
9.5 TenCate
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Insights
9.5.4. Strategic Initiatives
9.6 Celanese
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Insights
9.6.4. Strategic Initiatives
9.7 PolyOne
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Insights
9.7.4. Strategic Initiatives
9.8 AXIA Materials
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Insights
9.8.4. Strategic Initiatives
9.9 Lingol
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Insights
9.9.4. Strategic Initiatives
9.10 Protech
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Insights
9.10.4. Strategic Initiatives
RESEARCH METHODOLOGY
A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.
Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.
Now let’s take a closer look at the research methods here.
Secondary Research Model
Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.
Primary Insights
Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.
However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.
Market Estimation
The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.
Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.
Final Presentation
The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.
Personalized Business Report Tailored to Your Requirements
- Our expert analysts collaborate directly with you to comprehend your specific needs.
- Get data on regions, segments, competitors, and vendors of your choice.
- Information is presented in alignment with your exact preferences and formatting.
Free Sample Report
"Find new revenue generation opportunities"