The Aramid Fiber Market is Segmented byFiber Type (Para-aramid Fiber and Meta-aramid Fiber), Application Type (Protection and safety, Electrical Transmission and insulation, Tire Reinforcement, Rubber Reinforcement, Friction Materials, Filtration, Paper, and Others), Form Type (Filament, Pulp, Staple Fiber, and Others), by End-Use Industry (Aerospace & Defense, Automotive, Electrical, Electronics & Communications, and Others), 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]).
The Aramid Fiber Market is Segmented by Fiber Type (Para-aramid Fiber and Meta-aramid Fiber), Application Type (Protection and safety, Electrical Transmission and insulation, Tire Reinforcement, Rubber Reinforcement, Friction Materials, Filtration, Paper, and Others), Form Type ...
First introduced by DuPont de Nemours, Inc., in the 1970s, aramid fibers have witnessed a remarkable transition over the decades across industries. The progression of the material’s range of applications from consumer electronics to automotive to aerospace & defense has been phenomenal. These fibers offer various outstanding properties such as high tensile strength, high stiffness, good resistance to abrasion, good resistance to organic solvents, low flammability, an electrically non-conductive nature, high dimensional stability, high cut resistance, and resistance to high temperatures. The strength and modulus of aramid fiber are about five to six times and two to three times, respectively, those of steel wires with the same diameter, whereas its weight is approximately one-fifth that of the steel wire.
Despite a few bumps along the road for the governing industries (aerospace & defense and automotive), the demand for aramid fiber remained stable until 2019, impelling market stakeholders to prepare for skyrocketing demand in the years to come. But the COVID-19 crisis wiped out all possibilities of a flourishing market in 2020. The two leading industries suffered the gravest impact of the pandemic, completely overturning market conditions with an overall acute decline of -13.3% YoY in 2020.
However, the rising demand for lightweight and high-performance materials in various industries is reshaping product designs and manufacturing practices. Aramid fibers, with their unique combination of strength, durability, and lightness, play a pivotal role in meeting these evolving demands and driving innovation across end-use industries. Several other key factors propelling the growth of the market, in the long run, are increasing investments in wireless infrastructure, surging tire replacement demand coupled with a recovery in automotive production, an expected rebound in commercial and regional aircraft deliveries, and growing military expenditure. Overall, the aramid fiber market is likely to grow at a moderate CAGR of 4.3% in the long run to reach US$ 4.3 Billion in 2028.
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Recent Product Developments: Technological advancements allow for the manipulation of materials in ways that were not previously possible. Many companies are leveraging these advancements to create innovative aramid fiber, with improved performance and functionalities. For instance, in 2023, DuPont unveiled Kevlar® EXO aramid fiber, produced at their new facility in Virginia, USA. This revolutionary material offers superior durability and comfort compared to existing soft body armor options. Kevlar® EXO provides peak flexibility, ensuring maximum defense while maintaining comfort and mobility through innovative carrier design.
Segments' Analysis
Segmentations
List of Sub-Segments
Dominant and Fastest-Growing Segments
Fiber-Type Analysis
Para-Aramid Fiber and Meta-Aramid Fiber
Para-aramid fiber is anticipated to maintain an unrivaled lead in the market by 2028, whereas meta-aramid is anticipated to be the fastest-growing fiber type.
Electrical transmission & insulation and honeycomb paper are expected to be the largest demand-generating applications during the forecast period.
Form-Type Analysis
Filament, Pulp, Staple Fiber, and Others
Filament is likely to maintain its dominance in the market by 2028.
End-Use Industry Analysis
Aerospace & Defense, Automotive, Electrical, Electronics & Communications, and Others
Electronics & communications to grow at the fastest rate 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, whereas Asia-Pacific is likely to grow at the fastest rate.
Based on the fiber type, the aramid fiber market is segmented into para-aramid fiber and meta-aramid fiber. Para-aramid is anticipated to maintain an unrivaled lead in the market by 2028, whereas meta-aramid is anticipated to be the fastest-growing segment. Para-aramid fibers, such as Kevlar®, have a long history of use in various industries, including ballistic protection, automotive, aerospace, and industrial applications. Their high strength, heat resistance, and exceptional durability make them suitable for a wide range of applications. Meta-aramid fibers, such as Nomex®, offer exceptional heat resistance and flame retardancy, making them suitable for applications such as protective clothing, insulation, and other sectors where flame resistance is crucial.
Based on the application type, the market is segmented into protection & safety, electrical transmission & insulation, tire reinforcement, rubber reinforcements, friction materials, filtration, paper, and others. Electrical transmission & insulation and honeycomb paper are expected to be the largest demand-generating applications during the forecast period. Aramid fibers exhibit high dielectric strength, making them excellent electrical insulators that can withstand high voltages without electrical breakdown, making them ideal for electrical transmission and insulation applications. Honeycomb paper structures require materials that can offer structural integrity along with lightweight construction. Aramid fibers provide the necessary strength-to-weight ratio, making them suitable for these applications.
Based on the form type, the market is segmented into filament, pulp, staple fiber, and others. Filament is likely to maintain its dominance in the market by 2028. Filament-based aramid fibers offer consistent and uniform properties throughout their length, resulting in predictable performance in various applications. This predictability is essential for industries that require reliable and standardized materials.
Based on the end-use industry, the market is segmented into aerospace & defense, automotive, electrical, electronics & communications, and others. Electronics & communications to grow at the fastest rate during the forecast period. Aramid fibers offer excellent thermal stability, making them suitable for applications that require effective thermal management. As electronic devices become more powerful and generate more heat, the need for efficient heat dissipation increases.
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By region, North America is expected to remain the largest market over the next five years, whereas Asia-Pacific is likely to grow at the fastest rate. North America has well-established industries such as aerospace & defense, automotive, and industrial manufacturing that have a consistent demand for high-performance materials like aramid fibers. Asia-Pacific is experiencing rapid economic growth, leading to increased industrialization and infrastructure development, which drives demand for advanced materials like aramid fibers for automotive and manufacturing applications.
Segmentation
The aramid fiber market is segmented into the following categories.
Aramid Fiber Market, by Fiber Type
Para-aramid (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Meta-aramid (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aramid Fiber Market, by ApplicationType
Protection & Safety (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Electrical Transmission and Insulation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Tire Reinforcement (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Electrical Transmission and Insulation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Rubber Reinforcement (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Friction Materials (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Honeycomb Paper (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Filtration (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aramid Fiber Market, by Form Type
Filament (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Pulp (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Staple Fiber (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
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 (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Electronics and Communications (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
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 aramid fiber market is highly concentrated, with the top four players capturing the lion’s share of the market. The major companies focus on capacity expansions, collaborations, and partnerships to maintain their vanguards in the market and to pounce on any prevalent opportunities in the market.
The following are the key players in the aramid fiber market.
DuPont de Nemours, Inc.
Teijin Limited
Yantai Tayho Advanced Materials Co.
Kolon Industries, Inc.
SRO Aramid (Jiangsu) Co. Ltd.
Kermel
Toray Industries, Inc.
Huvis Corporation
Hyosung Corporation
China National Bluestar (Group) Co., Ltd.
Research Methodology
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s 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 aramid fiber market is estimated to grow at a CAGR of 4.3% by 2028, driven by increasing investments in wireless infrastructure, surging tire replacement demand coupled with a recovery in automotive production, an expected rebound in commercial and regional aircraft deliveries, and growing military expenditure.
DuPont de Nemours, Inc., Teijin Limited, Yantai Tayho Advanced Materials Co., Kolon Industries, Inc., SRO Aramid (Jiangsu) Co. Ltd., Kermel, Toray Industries, Inc., Huvis Corporation, Hyosung Corporation, and China National Bluestar (Group) Co., Ltd. are the leading players in the Aramid Fiber market.
North America is estimated to remain dominant in the aramid fiber market in the foreseeable future. North America has well-established industries such as aerospace, defense, automotive, and industrial manufacturing that have a consistent demand for high-performance materials like aramid fibers.
Asia-Pacific is estimated to remain the fastest-growing market for aramid fiber in the foreseeable future . Asia-Pacific is experiencing rapid economic growth, leading to increased industrialization and infrastructure development, which drives demand for advanced materials like aramid fibers for automotive and manufacturing applications.
