Aramid Fiber Market Size Share & Trends Report

Aramid Fiber Market Size Share & Trends Analysis Report By Product (Para-aramid, Meta-aramid), By Application (Security & Protection, Frictional Materials, Optical Fibers), And Segment Forecasts 2018 - 2025

  • Published Date: Oct, 2018
  • Base Year for Estimate: 2017
  • Report ID: 978-1-68038-883-1
  • Format: Electronic (PDF)
  • Historical Data: 2014 - 2016
  • Number of Pages: 80

Industry Insights

The global aramid fiber market size was estimated at USD 3.17 billion in 2017 and is projected to expand at a CAGR of 8.2% during the forecast period. Growing need for security and protective measures in various end-use industries is likely to drive the market through 2025.In addition, increasing usage of aramid fibers as a substitute for asbestos and steel will benefit market demand over the coming years.

U.S. aramid fibers market

Aramid fibers are synthetic high-performance fibers with molecules that are characterized by rigid polymer chains. These molecules are linked by hydrogen bonds, which enable the easy and efficient transfer of mechanical stress. Aramid fibers are distinguished from other synthetic ones by a number of characteristics such as good resistance to organic solvents, low flammability, high strength, non-conductivity, resistance to abrasion, no melting point, and good fabric integrity at high temperatures.

Increasing demand for personal protective equipment in U.S. is projected to propel market growth. A wide range of industries such as healthcare/medical, mining, oil and gas, manufacturing, building and construction, and military and emergency services require protective equipment to ensure safety and protection of personnel.In terms of revenue, the market in U.S. is poised to present a CAGR of 8.4% over the forecast period.

Stringent government norms regarding safety of employees at workplace and heavy penalties for non-compliance of these standards are forcing employers to adopt personal protective equipment to safeguard employees against various risks.

Product Insights

Based on product, the market has been segmented into para-aramid, meta-aramid, and others. The para-aramid segment dominated the market in 2017. These fibers have gained popularity over the past few years in various applications such as ballistic protection, wire and cables, hose reinforcement, race cars, and protective gloves. Significant demand for these products is anticipated to increase their demand in the overall aramid fiber market.

Meta-aramid fibers are highly resistant to chemical degradation, temperature, and abrasion. They also possess a unique capability of withstanding tensile stress when exposed to flames and temperatures of up to 400°C.In terms of revenue, the meta-aramid fibers segment is projected to expand at a CAGR of 8.8% over the forecast period.

Application Insights

The security and protection application will continue to provide substantial market opportunities for aramid fibers over the forecast period. Aramid fibers are highly preferred in this application owing to growing concerns over protection of personnel in military and industrial sectors. Applications leveraging aramid fibers include bullet resistant and protective clothing, stab-resistant products such as helmets and protective gloves, and others.

In terms of volume, the rubber reinforcement segment is expected to denote a CAGR of 5.8% over the forecast period. Aramid fibers are extensively used as continuous filament yarn, pulp fibers, and short fibers. They have a strong crystalline structure, high strength, high-temperature resistance, high decomposition temperature, and organic solvents.

Regional Insights

Europe was the largest regional market in 2017, accounting for a share of 35.72% that year. The segment is projected to continue its leading streak throughout the forecast period thanks to increasing demand from western European countries such as Germany, France, and U.K. In addition, stringent safety regulations in various end-use industries such as construction, oil and gas, steel, and aluminum is fueling demand for protective clothing, which, in turn, is spurring demand for aramid fiber.

Global aramid fibers market

The Asia Pacific market is projected to witness significant growth over the forecast period. Growing need for security and protection measures in various end-use industries and increasing usage of aramid fibers as an alternative to asbestos and steel are some of the main factors projected to contribute significantly toward market growth in Asia Pacific over the forecast period.

Aramid Fiber Market Share Insights

Teijin Ltd.; Yantai Tayho Advanced Materials Co.; E. I. du Pont de Nemours and Company; Hyosung Corp.; Toray Chemicals South Korea, Inc.; Kermel S.A.; Kolon Industries, Inc.; Huvis Corp.; China National Bluestar (Group) Co., Ltd.; and SRO Aramid (Jiangzu) Co., Ltd. are some of the key players engaged in R&D and manufacturing high-quality aramid fibers.

High production cost of aramid fibers is challenging the growth and profitability of the market across the world. Other than this, high initial capital investment and limited monomer supply are anticipated to pose a challenge over the forecast period.

Report Scope

Attribute

Details

Base year for estimation

2017

Actual estimates/Historical data

2014 - 2016

Forecast period

2018 - 2025

Market representation

Volume in Tons and Revenue in USD Million & CAGR from 2018 to 2025

Regional scope

North America, Europe, Asia Pacific, Central & South America, Middle East & Africa

Report coverage        

Revenue forecast, competitive landscape, growth factors and trends

Country Scope

U.S., Canada, Mexico, Germany, France, Italy, U.K., China, India, Japan, South Korea, Brazil

15% free customization scope (equivalent to 5 analyst working days)

If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization


Segments Covered in the Report

This report forecasts revenue and volume growth at global, regional, and country levels and provides an analysis of latest industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global aramid fiber market report on the basis of product, application, and region:

  • Product Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)

    • Para-Aramid

    • Meta-Aramid

    • Others

  • Application Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)

    • Security & Protection

    • Frictional Materials

    • Rubber Reinforcement 

    • Optical Fibers

    • Tire Reinforcement 

    • Electrical Insulation 

    • Aerospace

    • Others 

  • Regional Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • Germany

      • France

      • Italy

      • U.K.

    • Asia Pacific

      • China

      • India

      • Japan

      • South Korea

    • Central & South America

      • Brazil

    • Middle East & Africa

Key questions answered by the report
Request for Customization

Choose License Type

Single User - $5,450
Multi User (2-5) - $6,450
Enterprise Access - $8,450

Buy Chapters or Sections

Avail customized purchase options to meet your exact research needs:

  • Buy sections of this report
  • Buy country level reports
  • Request for historical data
  • Request discounts available for Start-Ups & Universities

Why Choose Us

  • Research support

    24/5 Research support

    Get your queries resolved from an industry expert.

  • Custom research service

    Custom research service

    Design an exclusive study to serve your research needs.

  • Quality assurance

    Quality assurance

    A testimonial for service in the form of BBB "A" Accreditation.

  • BBB Rating dandb
  • Information security

    Information security

    Your personal and confidential information is safe and secure.

  • grand view research PCI DSS complaint grand view research paypal verified