Aramid Fiber Market Overview 2023 An In-Depth Analysis of Business Growth Statistics and Key Players Insights for 2030

The report presents a comprehensive overview of industry trends, growth share and the competitive landscape in 250 pages.

Quadintel has recently released a survey report focusing on the worldwide Aramid Fiber Market. The study provides significant insights into growth strategies, prospects for business expansion, emerging trends and innovations, as well as the competitive landscape for the year 2023. Furthermore, the report includes a regional analysis encompassing North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa.

Global Aramid Fiber Market to reach USD 6.9 billion by 2027. Global Aramid Fiber Market is valued approximately at USD 3.6 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 9.7% over the forecast period 2021-2027.

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Aramid fiber is widely utilized in a variety of applications due to its superior mechanical features, such as impact resistance, high strength, and resistance to wear and heat deterioration. Protective apparel is mostly made of para-aramid and meta-aramid fibers. Aerospace and defence, security (body armor), and other industries use it extensively. The market is driven by the key factors such as Growing Demand from the Aerospace Sector and Rising need for lightweight materials offering significant emission reduction in vehicles. A passenger vehicle releases about 4.7 metric tons of CO2 per year, according to the US Environmental Protection Agency (EPA).

As a result, governments all over the world are highlighting the importance of strict environmental restrictions. Several standards for decreasing automotive emissions have been revised and enforced by the US EPA on a regular basis. Furthermore, the European Union has imposed strict standard for the passenger and light duty cars producers under the EU light duty vehicle CO2 regulation. furthermore, according to EU regulation, was to cut CO2 emissions by 3.1 percent each year between 2017 and 2020.These stringent regulations are helpful in reduction of emission from vehicle, further driving the need for lightweight materials offering significant emission reduction in vehicles. However, Non-biodegradable nature of aramid fibers , may impede market growth over the forecast period of 2021-2027.

Europe is dominating the aramid fiber market in term of revenue, factor attributing in the market growth are safety restrictions in industries including oil & gas, construction and increasing demand of aramid fiber in high end automotive as well as other industrial sectors, contributing to the region’s rising aramid fiber market. In which Germany is leading the Europe market with large number of engine production plant in the world.

Major market player included in this report are:

  • Xiamen Chao Yu Environmental Protection Technology Co. Ltd
  • Kolon Industries Inc.
  • Suzhou Zhaoda Specially Fiber Technical Co. Ltd
  • Wuxi Heshengyuan Carbon Fiber Technology Co. Ltd
  • X-FIPER New Material Co. Ltd
  • Yantai Tayho Advanced Materials Co. Ltd
  • Toray Industries Inc.
  • Teijin Limited
  • Shenma Industrial Co. Ltd
  • Sinopec Yizheng Chemical Fibre Limited Liability Company

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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Type:
Para-aramid fiber
Meta-aramid fiber

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

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

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Key Points Covered in this Report:

Chapter 1, About Executive Summary to describe Definition, Specifications and Classification of market, Applications, Market Segment by Regions North America, Europe or Asia;
Chapter 2, objective of the study.
Chapter 3, to display Research methodology and techniques.
Chapter 4 and 5, to show the Overall Market Analysis, segmentation analysis, characteristics;
Chapter 6 and 7, to show the Market size, share and forecast; Five forces analysis (bargaining Power of buyers/suppliers), Threats to new entrants and market condition;
Chapter 8 and 9, to show analysis by regional segmentation, comparison, leading countries and opportunities; Regional Marketing Type Analysis, Supply Chain Analysis
Chapter 10, focus on identifying the key industry influencer’s, overview of decision framework accumulated through Industry experts and strategic decision makers;
Chapter 11 and 12, Market Trend Analysis, Drivers, Challenges by consumer behavior, Marketing Channels and demand & supply.
Chapter 13 and 14, describe about the vendor landscape (classification and Market Positioning)
Chapter 15, deals with Market sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source.

……..and view more in complete table of Contents

Key Market Features:
Major subjects like revenue, capacity, price, rate, production rate, gross production, capacity utilization, consumption, cost, CAGR, import/export, supply/demand, market share, and gross margin are all assessed in the research and mentioned in the study. It also documents a thorough analysis of the most important market factors and their most recent developments, combined with the pertinent market segments and sub-segments.

With regard to the COVID-19 Outbreak Impact Analysis:

  • In light of COVID-19, the report examined market trends.
  • On the basis of the upstream and downstream markets, the study examined COVID-19’s effects on the manufacturing industry’s supply chain.
  • We examine how COVID-19 has affected diverse regions and significant nations.
  • It is noted how COVID-19 will affect the industry’s future growth.

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