1. Market Research
  2. > Materials
  3. > Textile Market Trends
Aramid Fiber Market by Type, Application, Region - Global Forecast to 2024

Aramid Fiber Market by Type, Application, Region - Global Forecast to 2024

  • October 2018
  • 129 pages
  • ID: 3765465
In this report:
The company announced a production capacity increase for its paraaramid fiber 'Twaron', by more than ##% by 2022.
According to IMF, the GDP of China was USD ##.## trillion in 2017, which is ##.##% of the global economy.
According to IMF, the GDP of Spain was USD ##.## trillion in 2017, which represents ##.##% of the global economy.

Summary

Table of Contents

Search Inside

The aramid fiber market is projected to register a CAGR of 9.9% during the forecast period.
The aramid fiber market is projected to grow from USD 3.28 billion in 2018 to USD 5.78 billion by 2024, at a CAGR of 9.9%. The increasing demand for lightweight materials for automotive components owing to stringent environmental and emission regulations is expected to drive the market in the automotive industry. In addition, the demand for lightweight and flexible materials for body armor, firefighting equipment, bulletproof vests, helmets, and vehicle armor is driving the demand for high-performing materials, such as aramid fibers and composites of aramid fibers. However, high R&D costs, in terms of man-hours, materials, and technology, might hamper the growth of the market.

The security & protection application segment is expected to lead the aramid fiber market during the forecast period, in terms of value.
By application, the security & protection segment is expected to lead the market during the forecast period.The stringent regulations enforced by the government and other agencies in developed economies, such as the European countries and the US, play a pivotal role in driving the aramid fiber market.

Aramid fibers are used to make fire-, cut-, and stab-proof protective clothing such as helmets, footwear, coveralls, and gloves.They are used for military, industrial, and civil purposes.

The need for thermal and ballistic protection is rising in civil law enforcement and armed forces owing to increasing insurgency and terrorism.

The APAC aramid fiber market is projected to register the highest CAGR, in terms of value and volume, between 2018 and 2024.
The aramid fiber market has been studied for North America, Europe, Asia Pacific, South America, and the Middle East & Africa.The Asia Pacific market is projected to register the highest CAGR between 2018 and 2024, owing to the increasing demand from emerging economies, such as China, India, and South Korea.

Additionally, the presence of major automotive manufacturing companies and OEMs is expected to further contribute to the growth of the aramid fiber market in the region. The market is also growing in tandem with the rise in spending on defense and homeland security in countries such as India, China, Singapore, Thailand, and Australia.

Breakdown of Primaries:
Primary interviews have been conducted with a number of industry experts to obtain information related to the aramid fiber market. The breakdown of primary interviews has been depicted below:
• By Company Type: Tier 1–30%, Tier 2–43%, and Tier 3–27%
• By Designation: C-Level Executives - 21%, Directors - 23%, and Others - 56%
• By Region: Asia Pacific - 41%, North America – 30%, Europe - 18%, and South America and Middle East & Africa - 11%

Key companies supplying aramid fibers are:
• DowDuPont (US)
• Teijin Ltd. (Japan)
• Toray Industries Inc. (South Korea)
• Hyosung Corp. (South Korea)
• Kolon Industries Inc. (South Korea)
• Huvis Corp. (South Korea)
• Yantai Tayho Advanced Material Co. (China)
• Kermel (France)
• China National Bluestar (Group) Co. Ltd. (China)
• SRO Aramid (Jiangsu) Co. Ltd. (China)
• Taekwang Industrial Co., Ltd. (South Korea)

Research Coverage
This report segments the aramid fiber market on the basis of type, application, and region.It provides estimations for the overall value of the aramid fiber market and its subsegments across various regions.

A detailed analysis of the key players operating in the aramid fiber market has been conducted to provide insights into their businesses, products & services offered, key growth strategies adopted, and recent developments, such as expansions & investments, acquisitions, partnerships & collaborations, and new product launches, undertaken by them.

Reasons to Buy the Report:

This report is expected to help leaders/new entrants in the aramid fiber market in the following ways:
• Provide a better understanding of the aramid fiber market
• Provide information on the drivers, restraints, challenges, and opportunities influencing the growth of the aramid fiber market
• Gain insights regarding competitors and their positions in the aramid fiber market

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Veronica helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers
Aramid Fiber Market Size Share & Trends Analysis Report By Product, By Application And Segment Forecasts 2018 - 2025

Aramid Fiber Market Size Share & Trends Analysis Report By Product, By Application And Segment Forecasts 2018 - 2025

  • $ 4950
  • October 2018

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 - ...

Growth Opportunities in the European Glass Fiber Market

Growth Opportunities in the European Glass Fiber Market

  • $ 4850
  • October 2018

Trends, opportunities and forecast in European glass fiber market to 2023 by application (marine, transportation, pipe and tank, aerospace, construction, electrical and electronics, consumer goods, wind ...

E-CR Glass Fibers – A Global Market Overview

E-CR Glass Fibers – A Global Market Overview

  • $ 3060
  • October 2018

Report SynopsisE-CR glass fibers (E-Glass Corrosion Resistant) are glass fibers with high chemical and thermal resistance compared to traditional E-glass fibers. E-CR glass fiber is widely used in a wide ...

Global Textile Materials Industry $ 5600 January 2019


ref:plp2018

Reportlinker.com © Copyright 2019. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on