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Para-Aramid Fiber Market Analysis & Forecast | 2023-2028
Para-aramid Fiber Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2023-2028
Para-aramid fibers are a type of synthetic fiber that belongs to the aramid family. They are known for their exceptional strength, heat resistance, and durability. The term "para" in para-aramid refers to the specific arrangement of the polymer's chemical structure, which contributes to its unique properties. Para-aramid fibers are characterized by their high tensile strength, which makes them several times stronger than steel on a weight-to-strength basis, making them ideal for applications requiring robust materials with the ability to withstand high levels of stress and strain. Commonly known as Kevlar®, para-aramid was first developed at DuPont™ by Stephanie Kwolek in the 1930s. However, it was first made commercially available in the 1970s as a replacement for steel in racing tires. Para-aramid possesses higher crystallinity as compared to meta-aramid and is manufactured through the dry-jet wet spinning method. It is used across industries for a broad range of applications, such as ropes and cables, tire reinforcements, optical fiber cables, hose reinforcements, friction materials, and ballistic protection.
The para-aramid fiber market is estimated to grow at a CAGR of 3.9% by 2028, driven by the need for protective clothing and equipment in various industries, including military, law enforcement, firefighting, industrial work, and sports. These fibers are used in manufacturing flame-resistant and cut-resistant textiles that offer excellent protection to personnel.
DuPont de Nemours, Inc., Teijin Limited, Kolon Industries, Inc., Yantai Tayho Advanced Materials Co., Hyosung Corporation, China National Bluestar (Group) Co., Ltd., JSC Kamenskvolokno, Toray Industries, Inc., Sinopec Yizheng Chemical Fibre Co., Ltd., and Taekwang are the leading players in the para-aramid fiber market.
North America is estimated to remain dominant in the para-aramid fiber market in the foreseeable future. North America has well-established industries that use aramid fibers across various applications, including aerospace, defense, automotive, and safety equipment. These industries contribute to a consistent and substantial demand for aramid fibers in the region.
Asia-Pacific is estimated to remain the fastest-growing market for para-aramid fibers in the foreseeable future . This region, particularly countries like China and India, has been experiencing rapid industrialization and economic growth, leading to increased demand for materials like aramid fibers in various industries, including automotive, construction, and electronics.
Protection & safety is likely to maintain its dominance in the market throughout the forecast period. Various industries, including oil & gas, firefighting, and military, are subject to strict safety and protection regulations, driving the adoption of aramid fibers to offer enhanced protection against hazards such as fire, heat, chemicals, and projectiles.