Aramid Fiber Market is expected to reach US$ 8.19 Bn. by 2029, at a CAGR of 9.8% during the forecast period.

Aramid Fiber Market Overview: 

The Aramid Fiber Market analysis provides a comprehensive picture of competition, including the market share and company profiles of the worldwide industry’s top rivals. The research scope covers a complete analysis of the Aramid Fiber Market, as well as the causes for variances in the industry’s growth in various places

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Aramid Fiber Market Scope:

To identify and collect material suitable for this study, this research study makes considerable use of secondary sources, directories, and databases, such as annual reports, press releases, journals, corporate websites, and databases.

Aramid Fiber Market Drivers:

Aramid fiber is used in several applications due to its advantageous mechanical properties, such as high strength, impact resistivity, abrasion thermal degradation resistance, etc. Para-aramid and meta-aramid fiber is used mostly in protective clothing. These fibers when used in clothing, conveys several properties such as high strength, lightweight, cut-resistivity, and high energy absorption into the clothing material. These are used extensively in ballistic protective applications, such as bulletproof vests, protective apparel such as gloves, motorcycle protective clothing, and hunting gaiters, chaps, and pants.

Global demand for aramid fibers, which was bottomed out in 2021 has increased to record level in 2029 and is projected to increase by a CAGR of about 9.10% during 2021-2029, reflecting the growing need for materials that contribute to enhanced safety and security, low weight and help reducing energy consumption. End user industries such as Automotive and aerospace & defense are expected to persist the key end use industries in the global aramid fiber market during the forecast timeframe. A significant part of every country's annual budget is occupied by the defense sector due to several factors such as political differences and rising tension across borders. Therefore, increased government expenditure in the aerospace, defense and security industries is expected to drive the market in forecast period.

Aramid Fiber Market Segmentation:

by Type

• Para-Aramid Fiber
• Meta-Aramid Fiber

by Application

• Security & Protection
• Frictional Material
• Industrial Filtration
• Optical Fibers
• Rubber Reinforcement
• Tire Reinforcement

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Aramid Fiber Market Key Players: The key players are

• Dow DuPont
• Teijin Ltd.
• Toray Industries Inc.
• Hyosung Corp.
• Kolon Industries Inc.
• Huvis Corp.
• Yantai Tayho Advanced Material Co.
• Kermel
• China National Bluestar Co. Ltd.
• Taekwang Industrial Co., Ltd.
• SRO Aramid (Jiangsu) Co. Ltd
• Solvay
• Aramid Hpm, LLC
• FIBERMAX Ltd
• Bally Ribbon Mills
• c-m-p gmbh
• TOYOBO CO., LTD.
• Coast-Line International

Regional Analysis:

Individual market influencing elements and changes in market legislation that affect current and future market trends are also included in the regional component of the Aramid Fiber Market study. Current and future trends are examined to assess the entire market potential and uncover profitable trends to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.

Key Questions Answered in the Aramid Fiber Market Report are:

Which sub-segment had the largest share in the Aramid Fiber Market?

How is the competitive landscape of the Aramid Fiber Market in 2023?

Which are the key drivers impacting the Aramid Fiber Market growth?

Which region holds the maximum share in the Aramid Fiber Market?

What will be the CAGR of the Aramid Fiber Market during the forecast period (2023–2029)?

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