Aramid Fiber Market to Index Outstanding Growth of USD 6.01 Billion by 2030, Size, Share, Upcoming Trends, Opportunities and Growth Prospectus
CALGARY, AB, Jan. 25, 2023 /PRNewswire/ -- Data Bridge Market Research has recently published a Report, titled, "Aramid Fiber Market" The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape. The persuasive Aramid Fiber report provides statistics on the current state of the industry as a valuable source of guidance and direction for companies and investors interested in this market. The report also plays key role in keeping hold of reputation of the firm and its products. The market document contains all the information including market definition, classifications, applications, and engagements while also detailing about what the major players are doing in respect of product launches, joint ventures, developments, mergers and acquisitions and how it is affecting the market in terms of sales, import, export, revenue and CAGR values for the market.
Data Bridge Market Research analyses that the aramid fiber market is expected to undergo a CAGR of 5.80% from 2023 to 2030. This indicates that the market value, USD 3.82 billion in 2022, would rocket up to USD 6.01 billion by 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Download Sample Copy of Aramid Fiber Market @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-aramid-fiber-market
Market Overview:
The aramid fiber market comprises sales of aramid fiber by entities such as sole traders, organizations, and partnerships that refer to a synthetic fiber in which the component of fiber-forming has a long chain of synthetic polyamide with around 85% of the amide linkages attached to two aromatic rings. Aramid fibers are high-performance fibers produced from artificial molecules with comparatively stiff polymer chains. These molecules are combined by strong hydrogen bonds that proficiently transfer mechanical stress and allow for the use of chains with low molecular weight. Aramid fiber is generally used for reinforcement in composites such as aviation, sports goods, and military vehicles, as well as fabrics in clothing such as bulletproof jackets or fire safety garments.
Science and technology continue to develop continuously owing to technological advancements and steady research and development activities. The significance of aramid fiber is rising day by day owing to its numerous features, such as being lightweight in nature, heat resistance, and strength over other fibers. The "para-aramid fiber" is expected to be the highest-growing stimulus segment of the market due to its excellent strength-to-weight ratio, high modulus behavior, and tensile strength over the forecast period.
Opportunities for Players:
- Increasing demand for aramid fiber in the military and defense sector
The government's substantial investments in the military and defense sectors will help the para-aramid fiber market expand in the future. The increase in defense spending has allowed governments in many nations to spend money on cutting-edge, lightweight, protective gear for their armed personnel. Aramid fiber is a substitute for asbestos and is used in military and aerospace applications such as maritime cordage and hull reinforcement, ballistic-rated body armor fabric, and ballistic composites. As a result, the substantial government investment in the military and defense sector will promote market growth for aramid fibers and open up vast new opportunities.
Some of the major players operating in the Aramid Fiber market are:
- Toray Industries Inc, (Japan)
- Dow and Dupont (U.S.)
- Teijin limited (Japan)
- SOLVAY (Belgium)
- Yantai Tayho Advanced Materials Co Ltd. (China)
- Hyosung (South Korea)
- Kolon Industries Inc. (South Korea)
- Huvis Corp, (South Korea)
- Kermel (France)
- China National Bluestar (Group) Co., Ltd. (China)
- X-FIPER NEW MATERIAL CO LTD (China)
- Fibrex (U.S.)
- Aramid Hpm, LLC (U.S.)
Get Full PDF Research Report to Understand More @ https://www.databridgemarketresearch.com/checkout/buy/enterprise/global-aramid-fiber-market
Key Coverage in the Aramid Fiber Market Report:
- Detailed analysis of Aramid Fiber Industry by a thorough assessment of the technology, product type, application, and other key segments of the report
- Qualitative and quantitative analysis of the market along with CAGR calculation for the forecast period
- Investigative study of the market dynamics including drivers, opportunities, restraints, and limitations that can influence the market growth
- Comprehensive analysis of the regions of the Aramid Fiber industry and their futuristic growth outlook
- Competitive landscape benchmarking with key coverage of company profiles, product portfolio, and business expansion strategies
Market Dynamics: Aramid Fiber Market
- High usage of aramid fiber due to multiple properties
Aramid fiber is highly in demand because it has many advantages over other types of fibers, including tear-resistant, light, comfortable, and multifunctional. They are used in military and aerospace applications, for ballistic composites and ballistic-rated body armor fabric, in marine hull reinforcement, marine cordage and as an asbestos substitute. During the forecast period of 2023–2030, this is some of the major factors fostering the growth of the aramid fiber market.
- Rising demand for aramid fiber in the automotive sector
Aramid fibers are more lightweight and durable than other alternatives or materials. They often weight less and are stronger than steel. The automotive industry is concentrating on producing cars that are lighter in weight, which increases the demand for lighter materials. The average fuel consumption of automobiles needs to be reduced, and using lightweight materials such as aramid fiber can help with that goal. The market for aramid fiber is anticipated to grow faster due to the increasing demand for lightweight materials.
- High usage of lightweight and fuel-efficient material
Numerous industry competitors are forced to choose replacement materials that are fuel-efficient, light, and sturdy due to the strict laws on reducing carbon emissions. Thus, to reduce weight and minimize energy consumption, several sectors are substituting cutting-edge materials like aramid fiber for conventional ones like steel and aluminum. Para-aramid fibers are also used as an alternative to steel in several applications because they help reduce the overall weight of products and offer increased durability. It is anticipated that the rising demand for lightweight and fuel-efficient materials will drive the market growth rate.
Consider Data Bridge Market Research for this Report which would Help Impact Your Revenues Positively
- This study offers the latest product news, trends, and updates from the industry's leading players who have leveraged their market position.
- It also offers strategic plans and standards to arrive at informed business decisions adopted by the main players, thereby advocating your go to market strategies.
- In addition, it offers insights into the dynamics of customer behaviour that can help the organization better curate market strategies
- Usage of exclusive tailor-made tools along with primary research, secondary research and our in-house data model helps us in extracting the exact market numbers
- Mapping the customer in 3P grid comprising of Purpose, Planning and Positioning, thereby delivering a solution by keeping the prospecting client at the sweet spot
- The market research report includes all of the market's valuable elements, such as sales growth, product pricing & analysis, growth opportunities, and recommendations for addressing market challenges
- The report covers all the primary mergers & acquisitions, alliances, and collaborations that have generated additional opportunities for market players or in some cases, challenges
To Gain More Insights about this Research, Visit @ https://www.databridgemarketresearch.com/reports/global-aramid-fiber-market
Key Industry Segmentation: Aramid Fiber Market
Type
- Para-Aramid Fiber
- Meta-Aramid Fiber
Application
- 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
- Industrial Filtration
- Optical Fibers
- Others
End User
- Automotive,
- Aerospace and Defence
- Electronics and Telecommunication
- Electrical
Regional Analysis/Insights: Aramid Fiber Market
The countries covered in the aramid fiber market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Europe dominates the aramid fiber market in terms of market revenue because the strict safety regulations within industries such as aluminum and steel, construction, oil, and gas fuel the demand for protective clothing, which is increasing the demand for aramid fiber in this region.
North America will continue to project the highest compound annual growth rate during the forecast period of 2023-2030 due to the growing employment of protection and security and measures across many industries in this region.
Table of Contents:
- Introduction
- Market Segmentation
- Executive Summary
- Premium Insights
- Global Aramid Fiber Market: Regulations
- Market Overview
- Global Aramid Fiber Market, By Type
- Global Aramid Fiber Market, By Application
- Global Aramid Fiber Market, By End User
- Global Aramid Fiber Market, By Distribution Channel
- Global Aramid Fiber Market, By Region
- Global Aramid Fiber Market: Company Landscape
- SWOT Analyses
- Company Profile
- Questionnaires
- Related Reports
To Check the Complete Table of contents, click here @ https://www.databridgemarketresearch.com/toc/?dbmr=global-aramid-fiber-market
Explore More Reports:
Para Aramid Fibers Market, By Product Form (Filament Yarn, Short Fibers, Pulp, Others), Application (Frictional Materials, Protection, Electrical Insulation, Safety Garment, Rubber Reinforcement, Tire Reinforcement, Industrial Filtration, Optical Fibers, Others), End User (Automotive, Aerospace and Defence, Electronics and Telecommunication, Electrical and Others) https://www.databridgemarketresearch.com/reports/global-para-aramid-fibers-market
Carbon Fibers (CF) and Carbon Fiber Reinforced Plastics (CFRP) Market, By Carbon Fiber Materials (Polyacrylonitrile Carbon Fibers, Pitch-Based Carbon Fiber, Rayon-Based Carbon Fiber, Others), Resin Type (Thermosetting CFRP, Thermoplastic CFRP), Manufacturing Process (Lay-Up, Resin Transfer Molding, Compression Molding, Injection Molding, Filament Winding, Pultrusion), Application (Floor beams, Ailerons, Vertical stabilizers, Elevators, Wings, Engine nacelles, Wind Turbines), End Use (Aerospace and Defence, Automotive, Wind Energy, Sporting Goods, Medical, Electronics, Marine), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) https://www.databridgemarketresearch.com/reports/global-cf-cfrp-market
High Performance Fiber Market, By Type (Carbon Fibers, Polybenzimidazole (PBI), Aramid, Polyphenylene Sulfide Fiber (PPS), Fluoropolymer Fibers, Ceramic Fibers, High-Strength PE Fibers, HDPE Fibers, Melamine Fibers, Glass Fibers, Others), Usage Type (Polymer Composites, Non-Polymer Composites), Distribution Channel (Direct Sales, Distributors), End User (Construction and Building, Electronics and Telecommunication, Aerospace and Defense, Textile, Automotive, Medical, Sporting Goods, Wind Energy, Oil and Gas, Electrical and Electronics, Non-Woven, Filtration, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) https://www.databridgemarketresearch.com/reports/global-high-performance-fiber-market
Carbon Fibers (CF) and Carbon Fiber Reinforced Plastics (CFRP) Market, By Carbon Fiber Materials (Polyacrylonitrile Carbon Fibers, Pitch-Based Carbon Fiber, Rayon-Based Carbon Fiber, Others), Resin Type (Thermosetting CFRP, Thermoplastic CFRP), Manufacturing Process (Lay-Up, Resin Transfer Molding, Compression Molding, Injection Molding, Filament Winding, Pultrusion), Application (Floor beams, Ailerons, Vertical stabilizers, Elevators, Wings, Engine nacelles, Wind Turbines), End Use (Aerospace and Defence, Automotive, Wind Energy, Sporting Goods, Medical, Electronics, Marine), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) https://www.databridgemarketresearch.com/reports/global-cf-cfrp-market
Fiberglass Pipes Market, By Type (Glass Fibre Reinforced Plastic (GRP) Pipes, Glass Reinforced Epoxy (GRE) Pipes and Others), Fibre Type (E-Glass and T-Glass/S-Glass/R-Glass), Application (Oil and Gas, Chemicals, Sewage, Irrigation and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) https://www.databridgemarketresearch.com/reports/global-fiberglass-pipes-market
Carbon Fiber Reinforced Thermoplastic Composites (CFRTP) Market By, Resin Type (Polyetheretherketone (PEEK), Polyamide (PA), Polycarbonate (PC), Polyphenylene Sulfide (PPS)), Product Type (Carbon Fiber, Long Carbon Fiber and Short Carbon Fiber), Applications (Aerospace, Automotive and Consumer Durables), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) https://www.databridgemarketresearch.com/reports/global-cfrtp-market
Carbon Fiber Market, By Type (Continuous, Long, Short), Fiber Type (Virgin Carbon Fiber, Recycled Carbon Fiber), Application (Composite, Textiles, Flexible Heating, Microelectrodes), Raw Material (PAN-Based Carbon Fiber, Pitch-Based, Rayon-Based Carbon Fiber, Gas Phase Grown), Modulus (Standard Modulus, Intermediate Modulus, High Modulus), End User (Aerospace and Defense, Sports/Leisure, Wind Turbines, Molding and Compounds, Automotive, Pressure Vessels, Civil Engineering, Marine, Pultrusion Misc., Medical Sector, Sailing/Yacht Building, Others), Country (U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Luxemburg, Rest of Europe, Japan, China, South Korea, India, Australia And New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America UAE, Saudi Arabia, Egypt, Israel, South Africa, And Rest Of Middle East and Africa) https://www.databridgemarketresearch.com/reports/global-carbon-fiber-market
Long Fiber Thermoplastics Market, By Resin Type (Polypropylene, Polyamide, Poly-butylene Terephthalate, Polyether Ether Ketone and Polyphenylene Sulphide), Product Type (Long Fiber Reinforced Thermoplastics, Short Fiber Reinforced Thermoplastics, Continuous Fiber Thermoplastics and Glass Mat Thermoplastics), Fiber Type (Glass Fiber and Carbon Fiber), Manufacturing Processing (Pellet Pultrusion Processing, Injection Moulding and Direct), Application (Automotive, Aerospace, Electrical and Electronics, Constructions, Consumer Goods, Sporting Goods, Marine, Industrial Goods and Others), Country https://www.databridgemarketresearch.com/reports/global-long-fiber-thermoplastics-market
About Data Bridge Market Research:
An absolute way to forecast what future holds is to comprehend the trend today!
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavours to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process. Data Bridge is an aftermath of sheer wisdom and experience which was formulated and framed in the year 2015 in Pune.
Data Bridge Market Research has over 500 analysts working in different industries. We have catered more than 40% of the fortune 500 companies globally and have a network of more than 5000+ clientele around the globe. Data Bridge adepts in creating satisfied clients who reckon upon our services and rely on our hard work with certitude. We are content with our glorious 99.9 % client satisfying rate.
Contact Us:-
Data Bridge Market Research
US: +1 888 387 2818
UK: +44 208 089 1725
Hong Kong: +852 8192 7475
Email:- [email protected]
Logo: https://mma.prnewswire.com/media/1011053/Data_Bridge_Market_Research_Logo.jpg
SOURCE Data Bridge Market Research
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article