Aramid Fibers Global Market Report 2022: Increasing Demand from Aerospace Sector Bolsters Growth

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Jan 30, 2023, 16:10 ET

DUBLIN, Jan. 30, 2023 /PRNewswire/ -- The "Aramid Fibers Market, By End-User Industry, By Product Type, and By Geography - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030" report has been added to ResearchAndMarkets.com's offering.

Aramid fibers are used in military applications, such as helmets and spall liners. In addition, aramid fibers are used to reinforce nonmilitary vehicles.

Aramid fiber composites are lightweight and secure and can reduce the weight of shielded vehicles by 30 to 60 percent, compared to steel. These materials are also ideal for high-performance protective coatings, such as those that are used in pipelines. Aramid fibers are also used in clothing and other products that need high strength and high comfort.

For example, these fibers are commonly used in bulletproof police vests and military ballistic-rated body armor. They are also used in cut-resistant gloves made by MCR Safety.

Market Dynamics:

The global aramid fibers market is expected to witness a rapid growth due to growing refurbishment activities and stringent government regulations for worker security. In addition, the market is likely to witness increased demand for lightweight materials from the automotive industry which is further projected to foster market growth.

However, the development of new products in the aramid fibers market is hindered by the high R&D cost. Aramid fibers are a high-performance material used in composites and safety applications. As a result, they require a high level of R&D. The costs associated with R&D are high in terms of man-hours and materials. Furthermore, the technologically advanced manufacturing methods of these materials require high costs, which limits their market growth.

Key Features of the Study:

This report provides in-depth analysis of the global aramid fibers market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2022-2030), considering 2021 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global aramid fibers market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global aramid fibers market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global aramid fibers market

Market Dynamics

Drivers

Growing Investment in Defense Sector
Increasing Demand from Aerospace Sector

Restraints

Availability of Alternatives With Improved Properties

Opportunities

Increasing Application in the Optical Fiber Industry

Detailed Segmentation:
Global Aramid Fibers Market, By End-User Industry

Safety and Protection Equipment
Aerospace
Automotive
Electronics and Telecommunication
Other End-user Industries

Global Aramid Fibers Market, By Product Type

Para-aramid
Meta-aramid

Global Aramid Fibers Market, By Region

Asia-Pacific
North America
Europe
South America
Middle East & Africa

Company Profiles

China National Bluestar (Group) Co. Ltd
DuPont
Hebei Silicon Valley Chemical Co Ltd
Huvis
Hyosung
Kermel
Kolon Industries Inc.
Shenma Industrial Co. Ltd
Sinopec Yizheng Chemical Fibre Limited Liability Company
Suzhou Zhaoda Specially Fiber Technical Co.,Ltd.
Teijin Limited
Toray Industries Inc.
Wuxi Heshengyuan Carbon Fiber Technology Co. Ltd
X-FIPER New Material Co. Ltd
Xiamen Chao Yu Environmental Protection Technology Co. Ltd
Yantai Tayho Advanced Materials Co. Ltd

For more information about this report visit https://www.researchandmarkets.com/r/le510m-fibers?w=5

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