Aramid fiber market to grow by USD 1,191.78 million between 2022 and 2027; Aramid HPM LLC, DuPont de Nemours Inc., among others identified as key vendors - Technavio

NEW YORK, May 2, 2023 /PRNewswire/ -- The aramid fiber market is set to grow by USD 1,191.78 million from 2022 to 2027 progressing at a CAGR of 3.85% during the forecast period. The research report focuses on top companies and crucial drivers, current growth dynamics, futuristic opportunities, and new product/project launches. Discover market potential and make informed business decisions based on qualitative and quantitative evidence highlighted in Technavio reports. View Sample Report

Vendor Landscape

The aramid fiber market is fragmented. The market consists of major vendors with a strong geographical presence. The rapid industrialization and urbanization in developing countries such as India, Brazil, Mexico, Angola, and China have spurred the entry and growth of domestic vendors. The key vendors are keenly focusing on M&A to gain an edge in the market. Vendors are also taking measures to extend their product portfolio with heavy investments in R&D. The competitive environment thriving in the market is predicted to intensify during the forecast period with vendors competing on the basis of factors such as the cost of production, new product innovations, and product quality among others.

• Aramid HPM LLC - The company offers meta-aramid fiber which is used in automotive and thermal insulation applications.
• DuPont de Nemours Inc. - The company offers kevlar fibers which are used in a variety of clothing, accessories, and other equipment.
• Huvis Corp. - The company offers meta-aramid fiber which is designed to be used in laundry conveyer belts and industrial bag filters.
• Hyosung Corp. - The company offers aramid yarn which is designed to be actively applied for bulletproofing, automotive rubber reinforcement, and many industrial purposes.
• Kermel
• Kolon Industries Inc.
• Lydall Inc.
• Shanghai J and S New Materials Co.Ltd.
• Shenma Industrial Co. Ltd.
• Sinopec Shanghai Petrochemical Co. Ltd.
• Solvay SA
• Supermax New Materials Co. Ltd.
• Suzhou Zhaoda Specialy Fiber Technical Co. Ltd.
• Toray Industries Inc.
• Toyobo Co. Ltd.

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Key Market Segmentation

• Product 
• Para-aramid
• Meta-aramid

• End-user 
• Automotive
• Aerospace and defense
• Electrical and electronics
• Others

• Geography 
• North America
• The U.S.
• Canada
• Europe 
• The U.K.
• Germany
• France
• Rest of Europe
• APAC 
• China
• India
• Middle East & Africa
• Saudi Arabia
• South Africa
• Rest of the Middle East & Africa
• South America
• Chile
• Brazil
• Argentina

By product, the market growth in the para-aramid segment will be significant over the forecast period. Para-aramid fibers have an excellent strength-to-weight ratio and high tensile strength and modulus behavior. These fibers also exhibit properties such as low elongation to break, good chemical resistance, good heat and flame resistance, and ballistic properties. In addition, the high cut resistance and excellent chemical resistance of para-aramid fibers have increased their use in a wide range of applications across various industries, including oil and gas, healthcare, manufacturing, and others. All these factors are driving the growth of the segment.

Download Sample Report Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. 

Regional Market Outlook

Europe will account for 32% of the market growth during the forecast period. The growth of the regional market is driven by the increased demand for aramid fibers from end-user industries such as automobile and aerospace and defense. In addition, the high concentration of aircraft manufacturing companies in countries such as the UK, Germany, France, Italy, Spain, Poland, Russia, and Sweden has created significant opportunities for vendors. Moreover, the increase in defense budgets and the subsequent increase in production in the aerospace and defense sector are driving the growth of the aramid fiber market in Europe.

For more key highlights on the regional market share of most of the above-mentioned countries. - View Sample Report

The aramid fiber market covers the following areas:

• Aramid Fiber Market Sizing
• Aramid Fiber Market Forecast
• Aramid Fiber Market Analysis

Market Dynamics

• Driver – Advances in the military and aerospace sector, the increasing use of small drones, and the rising demand for portable electronics have created the need for the miniaturization of electronic components. Also, the shift in focus of aircraft and automotive manufacturers toward enhancing the performance of aircraft and vehicles and reducing the overall weight is increasing the demand for the miniaturization of electronic components. This has triggered the demand to provide increased functionality with reduced material cost and increase the use of advanced materials, such as aramid fibers. The superior optical and mechanical properties of these fibers have increased their use in the production of optoelectronics. Thus, with the growing miniaturization of electronic components, the demand for aramid fiber is expected to increase during the forecast period.
• Trend – The increasing demand for aramid fibers from the consumer electronics industry is identified as the key trend in the market. Aramid fibers are widely used in the consumer electronics industry for various optical applications. They are extensively used in mobile phones, LCDs, displays and projectors, wearable electronic devices, gasket optics and lighting, and rollers. The rapid growth of the urban population, rise in disposable income, strong supply chain, and high penetration of the internet have fueled the growth of the global consumer electronics market. As a result of these factors, the growth is expected to further accelerate during the forecast period.
• Challenge – The high cost of development and quality maintenance will challenge the growth of the market. Aramid fibers require special equipment to cut and grind for use in various end-user applications. They also require special quality assurance checks as they can be degraded by UV light. Besides, the increased availability of substitutes has urged manufacturers of aramid fibers to increase their investment in R&D such that they can differentiate their products from their competitors. Such high costs associated with the production and maintenance of aramid fibers reduce the growth potential of the market.

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Key Topics Covered:

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global aramid fiber market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global aramid fiber market 2017 - 2021 ($ million)

• 4.2 Product Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ million)

• 4.3 End-user Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – End-user Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product

• 6.1 Market segments 
• Exhibit 30: Chart on Product - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Product - Market share 2022-2027 (%)

• 6.2 Comparison by Product 
• Exhibit 32: Chart on Comparison by Product
• Exhibit 33: Data Table on Comparison by Product

• 6.3 Para-aramid - Market size and forecast 2022-2027
• Exhibit 34: Chart on Para-aramid - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Para-aramid - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Para-aramid - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Para-aramid - Year-over-year growth 2022-2027 (%)

• 6.4 Meta-aramid - Market size and forecast 2022-2027
• Exhibit 38: Chart on Meta-aramid - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Meta-aramid - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Meta-aramid - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Meta-aramid - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Product 
• Exhibit 42: Market opportunity by Product ($ million)
• Exhibit 43: Data Table on Market opportunity by Product ($ million)

7 Market Segmentation by End-user

• 7.1 Market segments 
• Exhibit 44: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 45: Data Table on End-user - Market share 2022-2027 (%)

• 7.2 Comparison by End-user 
• Exhibit 46: Chart on Comparison by End-user
• Exhibit 47: Data Table on Comparison by End-user

• 7.3 Automotive - Market size and forecast 2022-2027
• Exhibit 48: Chart on Automotive - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Data Table on Automotive - Market size and forecast 2022-2027 ($ million)
• Exhibit 50: Chart on Automotive - Year-over-year growth 2022-2027 (%)
• Exhibit 51: Data Table on Automotive - Year-over-year growth 2022-2027 (%)

• 7.4 Aerospace and defense - Market size and forecast 2022-2027 
• Exhibit 52: Chart on Aerospace and defense - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on Aerospace and defense - Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on Aerospace and defense - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Aerospace and defense - Year-over-year growth 2022-2027 (%)

• 7.5 Electrical and electronics - Market size and forecast 2022-2027 
• Exhibit 56: Chart on Electrical and electronics - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Data Table on Electrical and electronics - Market size and forecast 2022-2027 ($ million)
• Exhibit 58: Chart on Electrical and electronics - Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Electrical and electronics - Year-over-year growth 2022-2027 (%)

• 7.6 Others - Market size and forecast 2022-2027
• Exhibit 60: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 62: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 63: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 7.7 Market opportunity by End-user 
• Exhibit 64: Market opportunity by End-user ($ million)
• Exhibit 65: Data Table on Market opportunity by End-user ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 67: Chart on Market share by geography 2022-2027 (%)
• Exhibit 68: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 69: Chart on Geographic comparison
• Exhibit 70: Data Table on Geographic comparison

• 9.3 Europe - Market size and forecast 2022-2027
• Exhibit 71: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027
• Exhibit 75: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027
• Exhibit 79: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 83: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 91: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027
• Exhibit 95: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027
• Exhibit 99: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 UK - Market size and forecast 2022-2027
• Exhibit 103: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 104: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 105: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.12 Japan - Market size and forecast 2022-2027
• Exhibit 107: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 108: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 109: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 110: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 111: Market opportunity by geography ($ million)
• Exhibit 112: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 113: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 114: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 115: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 116: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 117: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 118: Matrix on vendor position and classification

• 12.3 Aramid HPM LLC 
• Exhibit 119: Aramid HPM LLC - Overview
• Exhibit 120: Aramid HPM LLC - Product / Service
• Exhibit 121: Aramid HPM LLC - Key offerings

• 12.4 China National Bluestar (Group) Co.Ltd.
• Exhibit 122: China National Bluestar (Group) Co.Ltd. - Overview
• Exhibit 123: China National Bluestar (Group) Co.Ltd. - Product / Service
• Exhibit 124: China National Bluestar (Group) Co.Ltd. - Key offerings

• 12.5 DuPont de Nemours Inc. 
• Exhibit 125: DuPont de Nemours Inc. - Overview
• Exhibit 126: DuPont de Nemours Inc. - Business segments
• Exhibit 127: DuPont de Nemours Inc. - Key news
• Exhibit 128: DuPont de Nemours Inc. - Key offerings
• Exhibit 129: DuPont de Nemours Inc. - Segment focus

• 12.6 Huvis Corp. 
• Exhibit 130: Huvis Corp. - Overview
• Exhibit 131: Huvis Corp. - Product / Service
• Exhibit 132: Huvis Corp. - Key offerings

• 12.7 Hyosung Corp. 
• Exhibit 133: Hyosung Corp. - Overview
• Exhibit 134: Hyosung Corp. - Product / Service
• Exhibit 135: Hyosung Corp. - Key news
• Exhibit 136: Hyosung Corp. - Key offerings

• 12.8 Kermel 
• Exhibit 137: Kermel - Overview
• Exhibit 138: Kermel - Product / Service
• Exhibit 139: Kermel - Key offerings

• 12.9 Kolon Industries Inc. 
• Exhibit 140: Kolon Industries Inc. - Overview
• Exhibit 141: Kolon Industries Inc. - Product / Service
• Exhibit 142: Kolon Industries Inc. - Key offerings

• 12.10 Lydall Inc. 
• Exhibit 143: Lydall Inc. - Overview
• Exhibit 144: Lydall Inc. - Product / Service
• Exhibit 145: Lydall Inc. - Key offerings

• 12.11 Shanghai J and S New Materials Co.Ltd.
• Exhibit 146: Shanghai J and S New Materials Co.Ltd. - Overview
• Exhibit 147: Shanghai J and S New Materials Co.Ltd. - Product / Service
• Exhibit 148: Shanghai J and S New Materials Co.Ltd. - Key offerings

• 12.12 Sinopec Shanghai Petrochemical Co. Ltd.
• Exhibit 149: Sinopec Shanghai Petrochemical Co. Ltd. - Overview
• Exhibit 150: Sinopec Shanghai Petrochemical Co. Ltd. - Business segments
• Exhibit 151: Sinopec Shanghai Petrochemical Co. Ltd. - Key news
• Exhibit 152: Sinopec Shanghai Petrochemical Co. Ltd. - Key offerings
• Exhibit 153: Sinopec Shanghai Petrochemical Co. Ltd. - Segment focus

• 12.13 Supermax New Materials Co. Ltd. 
• Exhibit 154: Supermax New Materials Co. Ltd. - Overview
• Exhibit 155: Supermax New Materials Co. Ltd. - Product / Service
• Exhibit 156: Supermax New Materials Co. Ltd. - Key offerings

• 12.14 Suzhou Zhaoda Specialy Fiber Technical Co. Ltd.
• Exhibit 157: Suzhou Zhaoda Specialy Fiber Technical Co. Ltd. - Overview
• Exhibit 158: Suzhou Zhaoda Specialy Fiber Technical Co. Ltd. - Product / Service
• Exhibit 159: Suzhou Zhaoda Specialy Fiber Technical Co. Ltd. - Key offerings

• 12.15 Teijin Ltd. 
• Exhibit 160: Teijin Ltd. - Overview
• Exhibit 161: Teijin Ltd. - Business segments
• Exhibit 162: Teijin Ltd. - Key offerings
• Exhibit 163: Teijin Ltd. - Segment focus

• 12.16 Toray Industries Inc. 
• Exhibit 164: Toray Industries Inc. - Overview
• Exhibit 165: Toray Industries Inc. - Business segments
• Exhibit 166: Toray Industries Inc. - Key offerings
• Exhibit 167: Toray Industries Inc. - Segment focus

• 12.17 Yantai Tayho Advanced Materials Co. Ltd.
• Exhibit 168: Yantai Tayho Advanced Materials Co. Ltd. - Overview
• Exhibit 169: Yantai Tayho Advanced Materials Co. Ltd. - Product / Service
• Exhibit 170: Yantai Tayho Advanced Materials Co. Ltd. - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist
• Exhibit 171: Inclusions checklist
• Exhibit 172: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 173: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 174: Research methodology
• Exhibit 175: Validation techniques employed for market sizing
• Exhibit 176: Information sources

• 13.5 List of abbreviations 
• Exhibit 177: List of abbreviations

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