Aramid Fiber Market Size, Regional Outlook, Competitive Landscape, Revenue Analysis and Forecast to 2027
The latest Aramid Fiber Market report released by Reports and Data is a holistic analysis of the global materials and chemicals industry.
NEW YORK, NY, USA, September 7, 2021 /EINPresswire.com/ – The global aramid fiber market is expected to reach $ 6.8 billion by 2027, according to a new report from Reports and Data. this can be mainly associated with an increased demand for lightweight materials in safety and protection applications in various industries globally. Based on the statistics, the increased need to reduce vehicle emissions is expected to become the most common growth interest globally in the coming years. High customer demands and increased global demand from the aerospace and automotive industry are also important factors driving the market demand.
Europe has the largest aramid fiber market with a 40% share in 2018, and is expected to reach $ 2.77 billion by 2027. Due to increasing government regulations and environmental conditions in defense and automotive industries. The report presents important market statistics based on quantitative and qualitative research conducted by our analysts. It offers an overview of the Materials and Chemicals industry, highlighting key dynamics including industry growth drivers, restraints, opportunities, challenges and threats. The report further throws light on the major products offered by industry players and highlights the price structure, profit margins, sales statistics, end-use industries and distribution channels of these products. . Other aspects explained in the report include fluctuation of supply and demand, patterns of production and consumption, import / export analysis, paradigm shifts in consumer preferences and various macroeconomic factors. and microeconomic.
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The main participants include:
DowDuPont, Toray Industries Inc., Hyosung Corp. , Kolon Industries Inc., China National Bluestar (Group) Co. Ltd., Huvis Corp., Yantai Tayho Advanced Material Co., Teijin Ltd., Kermel, Taekwang Industrial Co., Ltd.
Other key findings from the report suggest
Due to the hard molecular structure and high strength, Para-aramid fiber is expected to experience market growth with a CAGR of 8.3% during the forecast period, boosting its use in security applications. and protection. Rising demand for safety glasses, hard hats, protective footwear, gloves, earplugs, safety harnesses and others is expected to increase the demand for the products during the forecast period.
With a prominent yellow color, aramid fibers are frequently used in exceptional composite products which require lightness and high strength properties. Aramid fibers have very high tensile strength, which is why they are mainly used in ballistic and armored protection applications.
The high tensile strength segment is estimated to register the highest share of 61% in 2018, and is widely used for this property.
Meta-aramid fibers have very good chemical, thermal and radiation resistance. Some examples of these fibers are teijiconex and nomex.
Dry spinning is the most common technology used for the manufacture of aramid fibers.
Para-aramids are primarily used for bulletproof protective fabrics in various high-tech applications, such as military and aerospace applications. Para-aramid and meta-aramid fibers can be used to make aramid paper.
Meta-aramid fiber is expected to grow 8.8% over the forecast period.
The security and protection segment is expected to register the strongest 10.2% growth in North America. Due to advancement in technology and market demand, the aramid fiber market is growing at a rapid rate.
For the year 2018, more than 34% of the aramid fiber produced is used for security and protection applications in various industries such as military and law enforcement, pharmaceuticals, construction and construction and fire fighting.
The property of high melting point is expected to grow at a rate of 9.2% during the forecast period.
Europe is the largest market for aramid fiber with a share of 40% in 2018, due to increasing government regulations and environmental conditions in the defense and automotive industries. APAC is estimated to register the highest CAGR of 9.7%, during the forecast period.
The aerospace segment in Europe accounts for the largest 40% share in 2018 and is expected to reach $ 1.16 billion by 2027.
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For the purpose of this report, reports and data have segmented the global Aramid Fiber market on the basis of product, technology, application, property, and region:
Product Outlook (Volume, Kilotons; and Revenue, USD Million; 2017-2027)
Technology Outlook (Volume, Kilotons; and Revenue, USD Million; 2017-2027)
Application Outlook (Volume, Kilotons; and Revenue, USD Million; 2017-2027)
security and protection
Real Estate Outlook (Volume, Kilotons; and Revenue, USD Million; 2017-2027)
High tensile strength
High melting point
Regional Outlook (Volume, Kilotons; and Revenue, USD Million; 2017-2027)
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