Kevlar Fiber Market Expected to Reach $653.4 Million by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “Kevlar Fiber Market," The kevlar fiber market size was valued at $449.2 million in 2021, and is estimated to reach $653.4 million by 2031, growing at a CAGR of 3.9% from 2022 to 2031.

Kevlar fibers are widely employed in a wide range of sectors, including space, aviation, military, and electronics. These are also utilized in naval cordage and hull reinforcement, as well as ballistic-rated body armour cloth and ballistic composites. In recent years, kevlar fibers are widely employed in body armour, vehicle armour, military helmets, protective gloves, and fireproof uniforms for firemen.

Kevlar fiber friction materials reinforced with kevlar pulps demonstrate an excellent balance of friction. Kevlar fibers are used for industrial filtration that gives resistance and water absorption up to 7%. Kevlar fiber is one of the most promising fillers for the reinforcement of rubber compounds due to its remarkable mechanical qualities, thermal and chemical resistance. It is also used for reinforcement in bullet, fire-resistant clothing, and also in tire due to its lightweight, durability performances, electromagnetic neutrality, and mechanical properties. Furthermore, kevlar fiber has many other uses, including brake pads, alternator belts, gaskets, clutch plates, hoses and even tires. Kevlar fiber is used in the manufacture of superior hoses, used to connect car radiators / coolant system to the engine unit (normally for luxury sports cars and racing cars). It is also used in the production of hoses, belts, and other materials that could benefit from some extra reinforcement.

The growth of the global kevlar fiber market is majorly attributable to its wide applications in security & protection, frictional materials, industrial filtration, optical fibers, rubber reinforcement, and electrical insulation. Also, surge in demand for kevlar fiber in the security and protection is expected to drive the market growth during the forecast period. Kevlar fiber is commonly used in physical protection for body armour, vehicle armour, military helmets, protective gloves, and firefighter costumes. It is utilized in bulletproof police vests, and MCR (measurement and control technology) safety's cut-resistant gloves. Due to its high tensile module, kevlar fiber is widely used in physical security, which includes CCTV surveillance, protective barriers, locks, access control, perimeter intrusion detection, deterrent systems, fire protection, and other systems. Further, rising crime rates and terrorist activity have raised worries about the safety and security of assets, people, and systems. Increasing attacks have resulted in the loss of numerous human lives and major infrastructure damage, emphasizing the importance of physical protection.

However, availability of substitutes, such as twaron, technora, heracron, alkex, and teflon is projected to hinder the expansion of the market. Twaron fiber is used for thermal, chemical, and ballistic protection. This fiber is commonly used in industrial filtering because of its great resilience and strength. It is tough, light, and resistant to harmful chemicals and high temperatures. Teflon is also used as substitute as for kevlar fiber in some non-stick frying pans. On the contrary, upsurge in demand for kevlar fiber in the aerospace and defense sector is expected to offer ample growth opportunities for the kevlar fiber industry. Kevlar fiber can be used in all forms of aircraft, including hot air balloons, spacecraft, combat planes, passenger airlines, and space shuttles for structural uses. It is also widely used in aircraft in the form of honeycomb sheets to build highly rigid, very light bulkheads, fuel tanks, and flooring. It is used as ballistic-rated body armour cloth and ballistic composites, as well as maritime cordage and hull reinforcement.

The kevlar fiber market is segmented into application and region. On the basis of application, the market is categorized into safety and protection, aerospace, industrial filtration, frictional materials, rubber and tire reinforcement, optical fibers, electronics and telecommunication, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. The kevlar fiber market share is analyzed across all significant regions and countries. 

The major players operating in the global Kevlar fiber market include Aramid Hpm LLC, CTech-LLC, C.S.R Inc., DuPont De Numerous Inc., Final Advance Materials, GAB Neumann Gmbh, Hyosung Advanced Materials, Hexcel Corporation, Huvis Corporation, Kolon Industries Inc., Stern EWS, Teijin Ltd, Toray Industries Inc., Yantai Tayho Advanced Materials Co.Ltd, and MiniFIBERS, Inc.

COVID-19 Analysis:

The COVID-19 pandemic has had a negative influence on the electronic sector across the globe, causing unquantifiable losses to firms. The COVID-19 crisis has impacted the global supply chain and caused a slowdown in the electronics & telecommunication industry, which is the major end-user of kevlar fiber. For example, China is the largest manufacturer and exporter of numerous electronic input supplies that are used to manufacture finished electronic products. The ongoing production standstill in China has compelled electronic producers in Europe and the U.S. to hold the manufacturing of electronic goods temporarily. 
Moreover, the COVID-19 pandemic negatively impacted the aviation & aerospace industry. Nevertheless, more people are preferring aerospace for travelling and are also showing a stronger inclination towards nonstop travel in order to avoid the risk of the coronavirus. Thus, this is likely to surge the aerospace manufacturing and bolster the kevlar fiber market growth during the pandemic.

Key findings of the study: 

• By application, the safety and protection segment dominated the kevlar fiber market in 2021.
• By region, Asia-Pacific was the highest revenue contributor in 2021 growing with a CAGR of 4.2%.
• China was the highest revenue contributor in 2021 growing with a CAGR of 5.0%.
• South Korea and Japan are expected to witness considerable CAGRs of 3.1% and 3.0% respectively, during the forecast period.