0
2022
Aramid Fiber Reinforcement Materials Market

Aramid Fiber Reinforcement Materials Market

by Type (Para-aramid Fibers, Meta-aramid Fibers, and Others) and End Use (Aerospace & Defense, Transportation, Consumer Goods, Marine, and Others): Global Opportunity Analysis and Industry Forecast 2021-2030

✷  Report Code: A01724
Pages: 288
May 2022 | 9983 Views
Author(s) : Devashree P , Eswara P
Tables: 162
Charts: 67
  • Formats*:

  • Single User License, Five User
    License & Enterprise User License

  • Data Pack Excel License

  • It comes with the additional cost
    of $2500.00 contact sales.

 

COVID-19

Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the Aramid Fiber Reinforcement Materials Market

Request Now !

The global aramid fiber reinforcement materials market size valued at $3.7 billion in 2020 and is projected to reach $8.4 billion by 2030, growing at a CAGR of 8.7% from 2021 to 2030.

Statement for COVID-19 banner: During COVID-19, demand for aramid fiber reinforcement materials decreased in the aerospace, transportation, consumer goods, and marine industries. All the industries were shut, due to which demand for aramid fiber reinforcement materials was impacted negatively in 2020, owing to the lockdown. COVID-19 pandemic caused a ban on imports and export, thereby disrupting the supply chain and hampering the aramid fiber reinforcement materials market growth.

Aramid fiber is high-end specialty synthetic product characterized by its superb heat resistance (more than 500°C) and strength (five times stronger than steel on an equal weight basis) for various industrial applications, including aerospace, defense (bulletproof vest/armoring fabric), automotive (brake pad/lining, high-end tire cord for racing car), and fiber cable system. The demand for aramid fibers is expected to rise significantly during the forecast period, owing to need for materials that contribute to weight reduction of finished products,  lower energy & resource consumption, and significantly enhance the performance of finished products.

Increase in aerospace & defense projects is the primary driver for the growth of the aramid fiber reinforcement materials market. The aerospace industry has stringent performance product requirements for end users in commercial aircraft, engines, satellites, helicopters, and launchers. Thus, carbon fibers are employed in aerospace end-users industries. Structural materials in aircrafts, such as paneling interiors are made using aramid fiber reinforcement materials, as they possess mechanical properties, such as high tensile strength, impact resistance, reliability, fuel efficiency, and temperature resistance, which make them ideal for use in the aerospace industry. The flexing property of these materials is employed for the production of wing systems, thereby increasing their adoption in the aerospace & defense industry. Moreover, rise in R&D activities for process improvements in the production of aramid fiber reinforcement materials for the aerospace industry drives the growth of the market.

High cost of aramid fiber raw materials, such as carbon fiber and expensive processing methods of raw materials hinder the growth of aramid fiber reinforcement materials market during the forecast period. However, demand for aramid fiber reinforcement materials is rising in consumer goods, marine, and transportation industries which is expected to boost the market growth in the future.

The aramid fiber reinforcement materials market is segmented on the basis of type, end use, and region. On the basis of type, it is classified into para-aramid fibers, meta-aramid fibers, and others. By end use, it is fragmented into aerospace & defense, transportation, consumer goods, marine, and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The aramid fiber reinforcement market share is analyzed across all significant regions and countries.

The key players operating in the global aramid fiber reinforcement materials market include BASF SE, DuPont, Honeywell International Inc., Huvis Corporation., Hyosung Corporation, Kolon Industries, Inc., Teijin Limited, Toray Industries Inc., Yantai Tayho Advanced Materials Co., Ltd, and YF International BV.

Global Aramid Fiber Reinforcement Materials Market, by Type

By type, the para-aramid fiber reinforcement material segment dominated the aramid fiber reinforcement market in terms of volume and value in 2020 and is expected to continue its dominance during the forecast period. Increase in concern toward health and safety of defense personnel and industrial employees along with rise in adoption of para-aramid fiber reinforcement materials from industries, such as automotive, rubber reinforcement, and telecommunication drive the growth of para-aramid fiber reinforcement material segment.

Aramid Fiber Reinforcement Materials Market
By Type

Your browser does not support the canvas element.

Para aramid fibers is projected as the most lucrative segment.

Get more information on this report : Request Sample Pages

Global Aramid Fiber Reinforcement Materials Market, by End Use

By end use, the transportation segment accounted for the largest share of revenue in 2020 and is expected to continue its dominance during the forecast period. In the transportation sector, there is increase in demand for reinforcement materials, owing to the favorable properties offered by them such as high strength, durability, lightweight, fire resistance, and others.

Aramid Fiber Reinforcement Materials Market
By End Use

Your browser does not support the canvas element.

Automotive is projected as the most lucrative segment.

Get more information on this report : Request Sample Pages

Global Aramid Fiber Reinforcement Materials Market, by Region

Region wise, Europe is a significant contributor to the global demand for aramid fiber reinforcement materials. The North American region held the largest share of more than 35.3% in the aramid fiber reinforcement market in 2020. Higher safety regulations, disposable incomes, and demand for lightweight materials among OEMs are expected to help the market maintain its share throughout the forecast period.

Aramid Fiber Reinforcement Materials Market
By Region

2030
Europe 
North America
Asia-pacific
Lamea

Asia Pacific is expected to be fastest growing region over the forecast period.

Get more information on this report : Request Sample Pages

Key Benefits For Stakeholders

  • The report includes an in-depth analysis of different segments and provides aramid fiber reinforcement materials market estimations between 2021 and 2030.
  • The aramid fiber reinforcement market size is provided in terms of revenue and volume.
  • A comprehensive analysis of the factors that drive and restrict the growth of the aramid fiber reinforcement materials market is provided.
  • Porter’s five forces model illustrates the potency of buyers & sellers, which is estimated to assist the market players to adopt effective strategies.
  • Key market players are profiled to gain an understanding of the strategies adopted by them.
  • This report provides a detailed analysis of the current aramid fiber reinforcement materials market trends and future estimations from 2021 to 2030, which helps to identify the prevailing market opportunities.

COVID-19 Impact on Market

  • COVID-19 pandemic caused a ban on imports and export, thereby disrupting the supply chain and hampering the aramid fiber reinforcement materials market growth.
  • There was a supply and demand gap generated due to the COVID-19 pandemic.
  • Fluctuation in prices of aramid fiber reinforcement materials during COVID-19 was a major hindrance to the market growth.
  • During COVID-19, demand for aramid fiber reinforcement materials decreased in the aerospace, transportation, consumer goods, and marine industries. All the industries were shut, due to which demand for aramid fiber reinforcement materials was impacted negatively in 2020, owing to the lockdown.

Aramid Fiber Reinforcement Materials Market Report Highlights

Aspects Details
By Type
  • Para-aramid Fibers
  • Meta-aramid Fibers
  • Others
By End Use
  • Aerospace & Defense
  • Transportation
  • Consumer Goods
  • Marine
  • Others
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, France, Italy, Spain, UK, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
 

Loading Table Of Content...


 
 

According to the perspective of the CXOs of the leading companies, the global aramid fiber reinforcement materials market is expected to witness significant growth during the forecast period, owing to the presence of multiple end users in the defense sector. The superior strength and fire resistance of para-aramid fibers make them ideal for ballistic body armors and vests. In addition, high impact resistance, enhanced chemical resistance, abrasion resistance, and low density are some of the factors that fuel the demand for aramid fibers from the automotive, aerospace, and defense sectors.

North America occupied the largest share of the global market in 2020 and is expected to maintain this trend throughout the forecast period, owing to the presence of key market players. The key players face extensive competition with several agreements, collaborations, rise in production capacity, and product launches to improve their product portfolio and expand their geographical reach. Key player, namely, Honeywell International, Inc., increases its production capacities of its unique spectra fiber as it provides crucial protection to worldwide militaries and law enforcement against various threats.

PURCHASE OPTIONS

Call or Email us

U.S.-Canada Toll-free: +1-800-792-5285
Int'l : +1-503-894-6022
Europe : + 44-845-528-1300
Email : help@alliedmarketresearch.com
 
FREQUENTLY ASKED QUESTIONS?

A. Increase in aerospace & defense projects is the primary driver for the growth of the aramid fiber reinforcement materials market

A. The aramid fiber reinforcement materials market is expected to be $ 8,412.7 million in 2030.

A. The key players operating in the global aramid fiber reinforcement materials market include BASF SE, DuPont, Honeywell International Inc., Huvis Corporation., Hyosung Corporation, Kolon Industries, Inc., Teijin Limited, Toray Industries Inc., Yantai Tayho Advanced Materials Co., Ltd, and YF International BV. 

A. In the transportation sector, there is increase in demand for reinforcement materials, owing to the favorable properties offered by them such as high strength, durability, lightweight, fire resistance, and others. 

A. Type, end use and region are the segments which are covered in the report

A. Rise in R&D activities for process improvements in the production of aramid fiber reinforcement materials for the aerospace industry drives the growth of the market. 

A. Aerospace & Defense industry is expected to be fastest growing segment over the forecas period as its use is rising as as subsitute of metal parts in aerospace and defense industry

A. COVID-19 pandemic caused a ban on imports and export, thereby disrupting the supply chain and hampering the aramid fiber reinforcement materials market growth.

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
RELATED TAGS

Purchase Full Report of
Aramid Fiber Reinforcement Materials Market

Start reading instantly.
This Report and over 19,297+ more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,456
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  • Free industry update
    (Within 180 days)
  • Free report update in next update cycle
    (May 2023 - May 2024)
  • Data Pack
  • $3,840
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (May 2023 - May 2024)
  • Single User
  • $5,769
  • Restricted to one authorized user
  • One print only
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (May 2023 - May 2024)
  • Five Users
  • $6,450
  • Limited to five authorized users
  • Print upto five copies
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (May 2023 - May 2024)
  • Enterprise
    License/PDF

  • $10,995
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (May 2023 - May 2024)
  • Library
    Membership

  • $ 999
    Per User/ Per month/ Billed annually
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

RELATED REPORTS
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers