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Global Aramid Market Size,Trends, Growth Forecast to 2031

Category : Chemicals & Materials | Report Code : 1799 | Pages : 141 | Oct 2024

Report Overview

Aramid fiber, the full name of which is "aromatic polyamide fiber", is a new type of high-tech synthetic fiber with excellent properties such as ultra-high strength, high modulus, high temperature resistance, acid and alkali resistance, and light weight. Its strength is 5-6 times that of steel wire, its modulus is 2-3 times that of steel wire or glass fiber, its toughness is 2 times that of steel wire, and its weight is only about 1/5 of that of steel wire. It does not decompose or melt at a temperature of 560 degrees. It has good insulation and anti-aging properties and has a long life cycle.

Aramid fiber can be divided into ortho-type, para-type (PPTA) and meta-type (PMTA) according to its chemical structure, that is, the connection position between the amide group and the benzene ring. Due to the low commercial value of ortho-aramid fiber, the market is mainly para-aramid fiber and meta-aramid fiber.

The upstream of aramid fiber is mainly raw materials and production equipment for the production of aramid fiber. The raw materials of meta-aramid are mainly meta-phenylenediamine and isophthaloyl chloride, and the main raw materials of para-aramid are p-phenylenediamine and terephthaloyl chloride. The midstream of the industry is the production and sales of meta-aramid and para-aramid. The downstream is mainly used in rubber, electrical, protection, aerospace, military, automobile, communication and other industries.

The global Aramid market size is projected to grow from US$ 4768 million in 2024 to US$ 6652 million in 2030; it is expected to grow at a CAGR of 5.7% from 2024 to 2030.

Analytic Insights Hub' newest research report, the “Aramid Industry Forecast” looks at past sales and reviews total world Aramid sales in 2023, providing a comprehensive analysis by region and market sector of projected Aramid sales for 2024 through 2030. With Aramid sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Aramid industry.

This Insight Report provides a comprehensive analysis of the global Aramid landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Aramid portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Aramid market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Aramid and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Aramid.

The aramid industry has the characteristics of high investment threshold, high technical difficulty and high production equipment requirements, which makes the supply of the entire aramid industry highly concentrated. The world's major aramid fiber manufacturers include DuPont, Teijin, Kolon, Hyosung, etc. China's leading companies include Taihe New Materials, Sinochem International, Zhongfang Special Fiber, Yizheng Chemical Fiber, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Aramid market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
    Para-aramid Fibers
    Meta-aramid Fibers

Segmentation by Application:
    Body Armor & Helmet
    Aerospace Materials
    Sports Materials
    Tire
    High Strength Rope
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
    DuPont
    Teijin
    JSC Kamenskvolokno
    Kolon
    Hyosung
    Huvis
    Sinopec Yizheng Chemical Fibre
    AFChina
    Sinopec Yizheng Chemical Fibre
    Toray
    Karsu Tekstil
    Zhaoda Specially Fiber
    X-FIPER New Material
    Sinochem

Key Questions Addressed in this Report
What is the 10-year outlook for the global Aramid market?
What factors are driving Aramid market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Aramid market opportunities vary by end market size?
How does Aramid break out by Type, by Application?

Frequently Asked Questions?

Ans - The purpose of a Aramid market research report is to provide data-driven insights and analysis on a Aramid market. It helps businesses understand industry trends, competition, consumer behavior, market size, growth potential, and risks, supporting strategic decision-making.

Ans - Market research reports typically include both quantitative (market size, revenue, growth rates) and qualitative (trends, consumer preferences, competitive analysis) data. It often includes industry statistics, surveys, expert opinions, historical data, and future forecasts.

Ans - The forecast period typically for Aramid market report spans the next 5 to 10 years. It includes projected market trends, growth opportunities, and potential challenges.

Ans - Yes, Analytic Insights Hub customization services, allowing businesses to focus on specific geographies, sectors, or market segments that are relevant to them.

Ans - The report highlights major trends such as technological innovations, consumer behavior shifts, regulatory changes, or emerging markets that may impact the industry?s growth.