Global Aramid Fibers Market, By Type (Para-aramid, Meta-aramid), By Application (Security & Protecti

Published Date: | Report Code : MT1958284

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Growing demand from end-use industry applications in developing regions and the promotion of application-specific grades by companies is expected to drive the aramid fiber market during the forecast period. This market has witnessed several key developments in terms of application-specific grade developments and strategic investments in emerging regions by companies to strengthen their market position in the global market. Some of the other key factors governing the market dynamics include regulatory scenario, exchange rates, environmental constraints, and so on. All these factors are expected to have a significant impact on the dynamics of the aramid fiber market during the forecast period.

Aramid fibers are high-performance synthetic fibers in which hydrogen bonds connect molecules. These molecules make the transfer of mechanical stress very easy and efficient. Their various characteristics such as low flammability, good resistance to organic solvents, high strength, good resistance to abrasion, non-conductivity, no melting point, and good fabric integrity at elevated temperatures are the reason why they are so widely used in many sectors such as automotive, security aerospace, etc

Segment Analysis:

The aramid fibers market is divided based on type and application.

Based on type, it is divided into para-aramid and meta-aramid fibers. The para-aramid fiber is majorly used and preferred due to its advantageous properties such as high strength and rigid molecular structure.

By application, it is segmented into security & protection, frictional materials, industrial filtration, optical fibers, rubber reinforcement, and tire reinforcement. Due to the increase in the demand for security and protection appliances and systems, there has been a rise in the demand for security & protection applications.

Key Factors Impacting Market Growth:

  • Its properties such as high durability, immense strength, and resistance to wear and tear

  • Increasing demand for lightweight materials in security & protection appliances

Regional Analysis:

The regional outlook section for aramid fiber market provides the region-wise market projections along with related market dynamics. Besides, this section provides further information about segments in the market on a regional basis and country-wise outlook. Major regions considered in this report include North America, Western Europe, Asia Pacific, Middle East, Eastern Europe, and the Rest of the World. North America and Western Europe have been traditional markets with a sizeable demand for advanced materials from end-use industries. North America and Western Europe with an established industrial sector having substantial contribution towards respective economies are estimated to dominate overall demand by region. Some of the major industries in this region include automotive, heavy engineering, building & construction, aerospace & defense, mining, and so on. These industries are expected to register steady growth in North America and Western Europe region during the forecast period.

Asia Pacific region is estimated to register the highest CAGRwith strong industrial and infrastructural growth. Some of the major economies, in the region, include China, India, South Korea, Japan, Australia, and so on. Besides, favorable conditions for production activities in addition to the growing market demand has attracted global companies to make strategic investments in this region. The Middle East and Eastern Europe with countries including UAE, Russia, Saudi Arabia, Turkey, and Qatar are expected to be potential markets with the growth of the industrial sector in the region. Rest of the World consisting of South America and Africa are estimated to be emerging regions for aramid fiber market during the forecast period.

Companies Covered: E. I. DuPont Nemours & Co., Teijin Limited, Hyosung, Yantai Tayho Advanced Materials Co., and Toray Chemical South Korea Inc.

Market Segmentation:

By Type:

  • Para-aramid

  • Meta-aramid

By Application:

  • Security & Protection

  • Frictional Materials

  • Industrial Filtration

  • Optical Fibers

  • Rubber Reinforcement

  • Tire Reinforcements

By Region:

  • North America

    • By Country (US, Canada, Mexico)

    • By Type

    • By Application

  • Western Europe

    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)

    • By Type

    • By Application

  • Eastern Europe

    • By Country (Russia, Turkey, Rest of Eastern Europe)

    • By Type

    • By Application

  • Asia Pacific

    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)

    • By Type

    • By Application

  • Middle East

    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)

    • By Type

    • By Application

  • Rest of the World

    • By Region (South America, Africa)

    • By Type

    • By Application

Reasons to Buy This Report:

  • Market size estimation of the global aramid fibers market on a regional and global basis

  • Unique research design for market size estimation and forecast

  • Profiling of major companies operating in the market with key developments

  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment

  • By Sub-segment

  • By Region/Country

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