Meta-aramid Fiber Market Is Segmented by Application Type (Protection & Safety, Electrical Insulation, Honeycomb Paper, Rubber Reinforcements, and Filtration), by End-Use Industry (Aerospace & Defense, Automotive, Electrical and electronics, Oil & Gas, and Industrial), byForm Type (Filament, Staple Fiber, and Paper), and by Region (North America [The USA, Canada, and Mexico], Europe [Germany, France, The UK, Russia, and Rest of Europe], Asia-Pacific [China, Japan, India, and Rest of Asia-Pacific], and Rest of the World [Brazil, Saudi Arabia, and Others]).
Meta-aramid Fiber Market Is Segmented by Application Type (Protection & Safety, Electrical Insulation, Honeycomb Paper, Rubber Reinforcements, and Filtration), by End-Use Industry (Aerospace & Defense, Automotive, Electrical and electronics, Oil & Gas, and Industrial), by...
Meta-aramid fiber is a synthetic fiber known for its exceptional heat resistance, flame resistance, and thermal stability. These fibers are derived from polymers composed of repeating aromatic units connected by amide (–CONH–) linkages. The term "meta" refers to the specific arrangement of chemical groups along the polymer chain. Meta-aramid fibers are inherently flame resistant, they do not melt or drip when exposed to flames, which makes them suitable for applications where protection against high temperatures or open flames is essential.
Meta-aramid fibers are a preferred choice in industries such as firefighting, military, industrial workwear, and automotive. The automotive industry uses these fibers in applications like heat shields, gaskets, and hoses, due to their ability to withstand high temperatures and resist deterioration.
The unanticipated outburst of COVID-19 caused severe distraught in the market (16.2% decline in 2020) and brought irreparable changes in the fundamentals of the business. However, the industry gradually rebounded in 2021 with the ramp-up in consumer confidence. The meta-aramid fiber market is driven by factors such as the demand for materials to withstand flame resistance and heat resistance, safety regulations, growth in various end-use industries, advancements in protective gear, and ongoing research & development efforts. Overall, the market is likely to grow at a healthy CAGR of 5.0% in the long run to reach US$ 1.6 Billion in 2028.
Recent Expansions: Market leaders like DuPont de Nemours, Inc., and Yantai Tayho Advanced Materials Co. have expanded meta-aramid fiber production capacity to ensure consistent supply amid uncertainties and demonstrate confidence in the market's long-term growth. For instance, in 2019, Tayho Advanced Materials, the world's second-largest meta-aramid supplier, boosted its production to compete with market leader DuPont and capitalize on China's rising need for heat-resistant protective clothing. Tayho invested US$ 178.8 million to establish a new meta-aramid production line in Yantai, Shandong province, its hometown in northeastern China.
Electrical insulation is expected to remain the dominant application over the next five years, whereas honeycomb paper is likely to grow at the fastest pace.
Aerospace and defense is anticipated to be the fastest-growing segment during the forecast period.
Form-Type Analysis
Filament, Staple Fiber, and Paper
Paper to maintain an unwavering share during the forecast period.
Regional Analysis
North America, Europe, Asia-Pacific, and The Rest of the World
North America is expected to remain the largest market over the next five years and is likely to grow at the fastest rate.
Based on the application type, the meta-aramid fiber market is segmented into protection & safety, electrical insulation, honeycomb paper, rubber reinforcement, and filtration. Electrical insulation is expected to remain the dominant application over the next five years, whereas honeycomb paper is likely to grow at the fastest pace. Electrical insulation applications often require materials with high thermal stability, flame resistance, and excellent dielectric properties, and meta-aramid fibers fulfill these requirements, making them the preferred alternative for electrical insulation in various end-use industries, whereas honeycomb paper structures are used for lightweight and structural applications in industries like aerospace and transportation.
Based on the end-use industry, the market is segmented into aerospace & defense, automotive, electrical & electronics, oil & gas, and industrial. Aerospace and defense is anticipated to be the fastest-growing segment during the forecast period. Meta-aramid fibers are well-suited for the aerospace & defense industry due to their remarkable ability to endure extreme conditions such as high temperatures, impacts, and abrasions. There has been a presence of several companies that are buying honeycomb papers and converting them into honeycomb core materials. Some aerospace tier players are integrated and manufacturing honeycomb cores for their captive purpose.
Based on the form type, the market is segmented into filament, staple fiber, and paper. Paper to maintain an unwavering share in terms of value and volume during the forecast period. Paper made from meta-aramid fibers offers a unique combination of lightweight structure and inherent flame resistance, making it a preferred material for various applications where both strength and fire protection are essential. This form is also employed as a thermal insulator in applications requiring resistance to high temperatures, which include equipment enclosures and electrical components.
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In terms of regions, North America is expected to remain the largest market over the next five years and is likely to grow at the fastest rate. North America hosts well-established industries that use meta-aramid fibers, such as aerospace, defense, and automotive. These industries consistently demand materials that provide fire resistance, heat protection, and mechanical strength, which are key characteristics of meta-aramid fibers.
Segmentation
The meta-aramid fiber market is segmented into the following categories.
Meta-aramid Fiber Market, by Application Type
Protection & Safety (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Electrical Insulation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Honeycomb Paper (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Rubber Reinforcement (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Filtration (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Meta-aramid Fiber Market, by End-Use Industry
Aerospace & Defense (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Automotive (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Electrical & Electronics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Oil & Gas (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Industrial (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Meta-aramid Fiber Market, by Form Type
Filament (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Staple Fiber (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Paper (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Meta-aramid Fiber Market, by Region
North America (Country Analysis: The USA, Canada, and Mexico)
Europe (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)
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Key Players
The market is consolidated, with the presence of some regional and global players. As new applications for meta-aramid fibers are explored, companies are expanding their capacities to cater to these evolving demands and enter new markets.
The following are the key players in the meta-aramid fiber market:
DuPont de Nemours, Inc.
Yantai Tayho Advanced Materials Co.
Teijin Limited
SRO Aramid (Jiangsu) Co., Ltd.
Kermel
Huvis Corporation
Guangdong Charming Co., Ltd.
Research Methodology
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s meta-aramid fiber market realities and future market possibilities for the forecast period.
The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for market participants and investors in identifying the low-hanging fruits available in the market and formulating growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Report Features
This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market.
The following are the key features of the report:
Market structure: Overview, industry life cycle analysis, supply chain analysis
Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
Market trend and forecast analysis
Market segment trend and forecast
Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
COVID-19 impact and its recovery curve
Attractive market segments and associated growth opportunities
Emerging trends
Strategic growth opportunities for existing and new players
Key success factors
Report Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Detailed profiling of additional market players (up to three players)
SWOT analysis of key players (up to three players)
Competitive Benchmarking
Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com
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The market is estimated to grow at a CAGR of 5.0% by 2028, driven by factors such as the demand for flame resistance and heat resistance, safety regulations, growth in various industries, advancements in protective gear, and ongoing research & development efforts.
DuPont de Nemours, Inc., Yantai Tayho Advanced Materials Co., Teijin Limited, SRO Aramid (Jiangsu) Co. Ltd., Kermel, Huvis Corporation, and Guangdong Charming Co., Ltd. are the leading players in the market.
North America is estimated to remain dominant in the meta-aramid fiber market in the foreseeable future. North America hosts well-established industries that use meta-aramid fibers, such as aerospace, defense, and automotive, and these industries consistently demand materials that provide fire resistance, heat protection, and mechanical strength, which are key characteristics of meta-aramid fibers.
Paper to maintain an unwavering share in terms of value and volume during the forecast period. Paper made from meta-aramid fibers offers a unique combination of lightweight structure and inherent flame resistance, making it a preferred material for various applications where both strength and fire protection are essential.
The supply chain of meta-aramid fiber market comprises raw material suppliers, meta-aramid fiber suppliers, part manufacturers, OEMs, and MRO companies.
