Growing demand for security and safety equipment is fueling the market for aramid fiber
- Himanshu Patni
- November 19, 2022
- Aramid Fiber Market, Aramid Fiber Market Analysis, Aramid Fiber Market Growth, Aramid Fiber Market Share, Aramid Fiber Market Size, Aramid Fiber Market Trends
- 0 Comments
The global Aramid Fiber Market is likely to showcase a growth of around 8% during the forecast period. The large investment in the defense sector to boost and improve the defense infrastructure results in increasing the demand for aramid fiber. Increasing demand for lightweight materials from aerospace and automotive industries is aiding in the growth of its demand.
Aramid fibers are utilized for multiple applications in the aerospace and automotive industries to reduce costs of manufacturing without compromising the structural integrity and make it more efficient. As, structural materials in aircraft, such as paneling interiors are made by using aramid fibers reinforcement materials due to their mechanical properties, such as high tensile strength, impact resistance, reliability, lightweight, and temperature resistance, which make them ideal for use in the aerospace industry. Further, increasing demand from the defense sector is also likely to boost the aramid fiber market as various nations across the world are investing to advance their defense framework. Moreover, the rise in R&D activities for process improvements in the production of aramid fiber reinforcement materials for consumer goods, marine, and transportation industries are expected to boost market growth in the future. For instance, to promote the development of lightweight materials related to next-generation automobiles, Teijin Ltd. established Teijin Automotive Center Europe GmbH (TACE), which handles functions such as the design of automotive composites as well as the planning and prototyping of multi-materials, in Europe, and environmentally advanced area.
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Based on type, the market is categorized into para-aramid and meta-aramid. Among these, para-aramid has a prominent share in the aramid fiber market. This can be mainly attributed to its distinguished properties such as high strength, lightweight, high chemical & heat resistance, high strength-to-weight ratio, and excellent ballistic property. Owing to these properties, it is widely used in protective equipment such as bulletproof vests, protective helmets & gloves, racing cars, aerospace components, and others.
Based on application, the market is categorized into security & protection, frictional materials, rubber reinforcement, optical fibers, tire reinforcement, electrical insulation, aerospace, and others. Among these, security & protection has accounted for a considerable share in the aramid fiber market. It is due to the rising concerns for protection in civilian law enforcement agencies and the military from rebellion and terrorism activities. Moreover, aramid fiber is also used for safety equipment such as industrial gloves, eyewear, and hard armor helmets in various industries due to its chemical and heat resistance properties.
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For a better understanding of the market adoption of aramid fiber, the market is analyzed on its worldwide presence in the countries such as North America (United States, Canada, and Rest of North America), Europe (Germany, France, United Kingdom, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. -Asia-Pacific is expected to demonstrate significant growth in the global aramid fiber market during the forecast period. This can be ascribed to the increase in defense expenditure that is enabling governments of various countries to invest in advanced and lightweight protective equipment for military forces and make new policies. For instance, recently Indian Government has announced the ‘Agneepath Yojana’ that is going to provide youth with a bright future and the opportunity to serve the Nation by joining the Armed Forces. This would build capabilities and skills in them, as well as strengthen the defense system of the country.
Global Aramid Fiber Market Segmentation
Market Insight, by Type
Market Insight, by Application
• Security & Protection
• Frictional Materials
• Rubber Reinforcement
• Optical Fibers
• Tire Reinforcement
• Electrical Insulation
Market Insight, by Region
- North America Aramid Fiber Market
- United States
- Rest of North America
- Europe Aramid Fiber Market
- United Kingdom
- Rest of Europe
- Asia-Pacific Aramid Fiber Market
- Rest of Asia-Pacific
- Rest of World Aramid Fiber Market
• China National Bluestar (Group) Co. Ltd.
• Yantai Tayho Advanced materials Co., Ltd.
• Teijin Limited
• Huvis Corporation
• DuPont de Nemours, Inc.
• Hyosung Group
• Jiaxing Newtex Composites Co., Ltd.
• X-Fiper New Material Co., Ltd.
• Toray Chemical Korea Inc.
• Kolon Industries, Inc.