Global Aramid Fibers Market 2023-2029

Aramid fibers are a class of extremely resilient and heat-resistant synthetic fibers. Aramids have a polar aromatic polymer backbone, which results in a much higher glass transition temperature and no melting point. Due to the aromatic structure, aramid fibers have excellent heat resistance, very low flammability, and good chemical resistance to most organic solvents. Aramid fibers have found use in protective clothing, ropes and webbing, rubber and plastic reinforcements for hoses, tires and belts, high performance sporting goods, optical fibers, heat-resistant filters, etc. According to market research study published by Gen Consulting Company, the market size of the global aramid fibers sector is expected to rise by USD 1.5 billion with a CAGR of 5.4% by the end of 2029.

The report covers market size and growth, segmentation, regional breakdowns, competitive landscape, trends and strategies for global aramid fibers market. It presents a quantitative analysis of the market to enable stakeholders to capitalize on the prevailing market opportunities. The report also identifies top segments for opportunities and strategies based on market trends and leading competitors’ approaches.

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the product, end user, and region. The global market for aramid fibers can be segmented by product: para-aramid, meta-aramid. According to the research, the para-aramid fibers segment had the largest share in the global aramid fibers market. Aramid fibers market is further segmented by end user: aerospace and military, electrical insulation, industrial filtration, optical fibers, rubber reinforcement, security & protection, tire reinforcement, others. In 2022, the security & protection segment made up the largest share of revenue generated by the aramid fibers market. Based on region, the aramid fibers market is segmented into: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America. Among these, Europe was accounted for the highest revenue generator in 2022.

Market Segmentation
By product: para-aramid, meta-aramid
By end user: aerospace and military, electrical insulation, industrial filtration, optical fibers, rubber reinforcement, security & protection, tire reinforcement, others
By region: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America

The report explores the recent developments and profiles of key vendors in the Global Aramid Fibers Market, including Aramid HPM LLC, China National BlueStar (Group) Co, Ltd., DuPont de Nemours, Inc., Ganzhou Longpont Material Technology Co., Ltd., Hebei Silicon Valley Chemical Co., Ltd., Huvis Corporation, Hyosung Corporation, Kamenskvolokno JSC, Kermel S.A., Kolon Industries, Inc., Shenma Industrial Co., Ltd., Sinopec Yizheng Chemical Fibre Company Limited, Suzhou Zhaoda Specially Fiber Technical Co., Ltd., Taekwang Industrial Co., Ltd., Teijin Limited, Toray Industries, Inc., X-FIPER New Material Co., Ltd., Yantai Tayho Advanced Materials Co., Ltd., YF international B.V., among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.
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Scope of the Report
• To analyze and forecast the market size of the global aramid fibers market.
• To classify and forecast the global aramid fibers market based on product, end user, region.
• To identify drivers and challenges for the global aramid fibers market.
• To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global aramid fibers market.
• To identify and analyze the profile of leading players operating in the global aramid fibers market.

Why Choose This Report
• Gain a reliable outlook of the global aramid fibers market forecasts from 2023 to 2029 across scenarios.
• Identify growth segments for investment.
• Stay ahead of competitors through company profiles and market data.
• The market estimate for ease of analysis across scenarios in Excel format.
• Strategy consulting and research support for three months.
• Print authentication provided for the single-user license.