Global Aramid Fiber Market gearing up the demand for Industrial Protection Fibers - Future Market Insights, Inc.

News provided by

Jul 19, 2022, 11:00 ET

The Asia Pacific region is projected to grow at a pace of 6% CAGR, mainly driven by China's aramid fiber market. The future of the global aramid fiber market is bright as it will be served by advanced robotic devices in logistics and warehousing operations that mirror trends set forth within America, such as zero-labor warehouse facilities

NEWARK, Del., July 19, 2022 /PRNewswire/ -- The global aramid fiber market is set to witness an impressive growth rate of 5.3% over the forecasted years of 2022 to 2032. The global aramid fiber market size is anticipated to reach a valuation of around US$ 6.4 Billion by the end of year 2032 from the current valuation of US$ 3.8 Billion in 2022.

The global aramid fiber market is being driven by the rising necessity for extremely lightweight polymers from the automobile and armed services & defense sectors for a variety of applications. Additionally, the restrictions pertaining to the reduction of carbon emissions force a number of industrial participants to search for substitute reinforced fibers have fueled the growth aramid fiber market growth even more.

Get Sample PDF Of the Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-15208

Several industrial protection products is the major application segment of the global aramid fiber market, which is also anticipated to rise positively, thanks to the rising usage of the aromatic polyamides in personal protective gears especially that is resistant to bullets and stabs as well if used in helmets and surgical gloves. The need for protective gears is being fueled by strict safety rules for the workers in sectors including oil and gas, construction, aluminum, and steel, which would be boosting the global aramid fiber market opportunities all over the world.

Owing to its growing demand for several modern-day industrial applications, the para-aramid fiber type is expected to experience the most substantial expansion among all the product types. In contrast, the global aramid fiber market opportunities is anticipated to get constrained by substantial R&D expenses and the non-biodegradability of aramid fibers.

Key Takeaways from Market Study

The absolute growth of the global aramid fiber market in terms of dollars is estimated to be around US$ 3.4 Billion during the coming decade by following the average CAGR of 5.3%.
The para-aramid fiber group holds the major share of the global aramid fiber market by contributing for almost 75% of the sales achieved globally.
While the meta-aramid fiber group is expected to witness the highest growth rate owing to its better thermal resistance capacities.
In application categories, security & protection segment remains the dominant sector for the global aramid fiber market share.
On the other hand, recent developments in automobile industry have rendered the frication material application segments as a lucrative option for several global aramid fiber market players.
Traditionally, Europe retained the leading market for aramid fiber composited, that has overturned in recent years owing to the industrialization and gradual trade shift towards the Asia Pacific economies.
The Asia Pacific region is projected to grow at a pace of 6% CAGR, mainly driven by the China aramid fiber market.

Browse Detailed Summary of Research Report with TOC @ https://www.futuremarketinsights.com/reports/aramid-fiber-market

Competitive Landscape

Some of the major global aramid fiber market players are Teijin Ltd., Yantai Tayho Advanced Materials Co, E. I. du Pont de Nemours and Company (DowDuPont), Hyosung & Hyosung Corp., Toray Chemicals South Korea, Inc., Kermel S.A., Kolon Industries, Inc., Huvis Corp., China National Bluestar (Group) Co., Ltd., and SRO Aramid (Jiangzu) Co., Ltd. among others.

Recent Developments in the Global Aramid Fiber Market:

The anticipated 25 percent improvement for TEIJIN LIMITED's Twaron aramid fibers entered its next phase in November 2019. This key aramid fiber company's operations is expected to benefit from the production boost, which is anticipated to happen by 2022 at both of its Dutch plants in Delfzijl and Emmen.
Teijin Ltd. achieved the development of high-performance para-aramid fibers using eco-friendly raw materials in 2020. Numerous products, such as vehicle tires, air transport vessels, and personal protective apparels, utilize these fibers.

Speak To Our Research Expert@ https://www.futuremarketinsights.com/ask-question/rep-gb-15208

Key Segments Covered in Aramid Fiber Industry Research

By Product Type:

Para-Aramid
Meta-Aramid

By Application:

Security & Protection
Frictional Materials
Rubber Reinforcement
Optical Fibers
Tire Reinforcement
Electrical Insulation
Aerospace
Others

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East and Africa

Download PDF Brochure @ https://www.futuremarketinsights.com/reports/brochure/rep-gb-15208

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Background

3.1. Market Dynamics

3.1.1. Drivers

3.1.2. Restraints

3.1.3. Opportunity

3.1.4. Trends

3.2. Scenario Forecast

3.2.1. Demand in Optimistic Scenario

3.2.2. Demand in Likely Scenario

3.2.3. Demand in Conservative Scenario

3.3. Opportunity Map Analysis

3.4. Product Life Cycle Analysis

3.5. Supply Chain Analysis

3.5.1. Supply Side Participants and their Roles

3.5.1.1. Producers

3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)

3.5.1.3. Wholesalers and Distributors

3.5.2. Value Added and Value Created at Node in the Supply Chain

3.5.3. List of Raw Material Suppliers

3.5.4. List of Existing and Potential Buyer's

3.6. Investment Feasibility Matrix

3.7. Value Chain Analysis

3.7.1. Profit Margin Analysis

3.7.2. Wholesalers and Distributors

3.7.3. Retailers

3.8. PESTLE and Porter's Analysis

3.9. Regulatory Landscape

3.9.1. By Key Regions

3.9.2. By Key Countries

3.10. Regional Parent Market Outlook

3.11. Production and Consumption Statistics

3.12. Import and Export Statistics

4. Global Aramid Fiber Market Analysis 2017-2021 and Forecast, 2022-2032

4.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Analysis, 2017-2021

4.2. Current and Future Market Size Value (US$ Mn) & Volume (Tons) Projections, 2022-2032

4.2.1. Y-o-Y Growth Trend Analysis

4.2.2. Absolute $ Opportunity Analysis

Buy Now@ https://www.futuremarketinsights.com/checkout/15208

About the Chemicals & Materials Division at Future Market Insights

The Chemicals & Materials team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analysing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis of key trends including competitive landscape, profit margin, and research development efforts.

Have a Look at Related Research Reports:

Glass Fiber Reinforced Plastic (GFRP) Composites Market: The glass fiber reinforced plastic market is growing continuously and is predicted to increase at a moderate CAGR of 6.6% during 2022-2032.

Carbon Fiber Reinforced Plastic Market: Carbon Fiber Reinforced Plastic (CFRP) are the strong and light composite material containing carbon fiber. To manufacture carbon fiber reinforced plastic (CFRP) we first wove carbon fiber to textile material then resin is applied to the material and left to cure.

Laminating Adhesives Market: The global laminating adhesives market size reached a valuation of US$ 3.10 Bn in 2021 and is further set to touch US$ 3.27 Bn in 2022.

Polypropylene Yarn Market: The global polypropylene yarn market size is estimated to be worth around US$ 16.32 Bn in 2022. With rising adoption of polypropylene yarn for various applications, the overall sales are anticipated to rise at 5.6% CAGR, totaling a valuation of over 23.85 Bn by 2029.

Conductive Fibers Market: Sales in the global conductive fibers market are slated to top US$ 1.8 Bn in 2022. Expanding at a healthy 11.6% CAGR, the market size is projected to total US$ 4.9 Bn by 2031.

Soluble Fiber Market - Soluble fiber Market size is estimated to be around USD 4.97 Bn in 2021 and is estimated to grow at over 10.24% CAGR, reaching a valuatione of USD 14 Bn by 2032

About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
For Sales Enquiries: [email protected]
Website: https://www.futuremarketinsights.com
Report: https://www.futuremarketinsights.com/reports/aramid-fiber-market
LinkedIn| Twitter| Blogs