The latest report by IMARC Group, titled “Aramid Fiber Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the global aramid fiber market size. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global aramid fiber market size reached US$ 3.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.6 Billion by 2028, exhibiting a growth rate (CAGR) of 3.3% during 2023-2028.
Aramid Fiber Market Overview:
Aramid fibers are high-strength synthetic fibers known for their exceptional resistance to heat, abrasion, and impact. Renowned for their use in applications demanding strength and durability, aramid fibers are commonly found in products like protective clothing, helmets, and bulletproof vests due to their impressive tensile strength-to-weight ratio.
These fibers are often associated with brands like Kevlar® and Nomex®, which have become synonymous with reliable performance in challenging conditions. Their unique properties make them ideal for industries requiring lightweight yet robust materials, such as aerospace, military, automotive, and sporting goods. Their widespread use underscores their significant role in enhancing safety and performance across various domains.
Get a Sample Copy of the Report at: https://www.imarcgroup.com/aramid-fiber-market/requestsample
Global Aramid Fiber Market Trends:
The global market is majorly driven by the increasing need for protective clothing and gear in industries such as manufacturing, construction, and oil & gas. In line with this, the rising product demand due to its exceptional strength and flame-resistant properties is significantly contributing to the market. Furthermore, the growing product adoption in military applications, including body armor, helmets, and vehicle protection, is positively influencing the market. Apart from this, the lightweight yet sturdy aramid composites find use in aircraft components, accelerating adoption as the aerospace industry expands.
Moreover, the sports industry employs aramid fibers in products like racing suits, helmets, and sports equipment due to their durability and impact resistance, catalyzing their uptake. Besides, with the rise of electronic devices, aramid fibers are utilized in flexible circuits and protective covers, driven by their thermal and electrical insulation properties. This, in turn, is providing a boost to the market.
Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/aramid-fiber-market
Competitive Landscape with Key Players:
The report has also analyzed the competitive landscape of the market with some of the key players being:
- Teijin
- DowDuPont
- Yantai Tayho Advanced Materials Company,
- Hyosung Corporation
- Toray Chemical Korea
- Kolon Industries
- Huvis
- China National BlueStar Group Company
- Taekwang Industrial
- JSC Kamenskvolokno
- Guangdong Charming Company
Breakup by Product Type:
- Meta-Aramid Fiber
- Para-Aramid Fiber
- Others
Breakup by Application:
- Protective Fabrics
- Frictional Materials
- Optical Fibers
- Tire Reinforcement
- Rubber Reinforcement
- Composites
- Others
Breakup by End-Use Industry:
- Aerospace and Defense
- Automotive
- Electronics and Telecommunication
- Sports Goods
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high-technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and novel processing methods are at the top of the company’s expertise.
Contact US
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800