Aramid Fiber Market by Type (Para-Aramid Fiber, Meta-Aramid Fiber), Application (Security & Protection, Frictional Materials, Industrial Filtration, Optical Fibers, Rubber Reinforcement, Tire Reinforcement), Region

Increasing Demand for Lightweight Materials in Security & Protection Applications

The aramid fiber market is poised for significant growth, with a projected value of USD 7.6 billion by 2028, exhibiting a robust CAGR of 9.9% from its 2023 value of USD 4.7 billion. This growth is primarily attributed to the escalating demand for lightweight and flexible materials, particularly in the automotive and military & defense sectors. These industries are increasingly seeking versatile materials for diverse applications. Furthermore, stringent regulations aimed at carbon emissions reduction are compelling industry stakeholders to explore alternatives that are not only lightweight and durable but also fuel-efficient. This trend is expected to propel the aramid fiber market even further in the forecast period. However, it's important to note that the high costs associated with research and development, as well as the non-biodegradable nature of aramid fibers, pose challenges to market growth.

The para-aramid fiber was the largest type in aramid fiber market in 2022, in terms of value

The para-aramid fiber segment finds its primary application in security and protection, driven by the growing demand for protective attire in both military and industrial settings. Meanwhile, the meta-aramid fiber sector is expected to experience notable expansion in the forecasted period, largely attributed to its increasing use in industrial filtration applications. This diversification in applications within the aramid fiber market presents promising opportunities for business growth and innovation.

Security & protection is projected to be the largest application of aramid fiber market during the forecasted period

The security and protection segment asserted its dominance in the market throughout 2022 and is expected to sustain its leadership position until 2028. This enduring prominence is underpinned by the surging demand emanating from emerging economies like China, Brazil, and India. These economies are pivotal consumers, employing aramid fibers for various military, industrial, and civil applications. The escalating need for thermal and ballistic protection in civil law enforcement and armed forces, driven by the rising challenges of insurgency and terrorism, further reinforces the segment's market leadership, heralding significant growth potential in this domain.

Europe is estimated to be the largest aramid fiber market between 2023 and 2028, in terms of value

Europe stands as the foremost market for aramid fiber, driven by stringent safety regulations prevalent in key industries such as oil & gas, construction, aluminum, and steel. This regulatory environment has ignited a substantial demand for protective clothing, thereby propelling the aramid fiber market across the continent. Moreover, the requirement for high-performance friction materials in the automotive and various industrial sectors further contributes to the burgeoning aramid fiber market in the European region.

In the meticulous process of determining and verifying market sizes for multiple segments and subsegments, extensive primary interviews were conducted. A breakdown of the profiles of the primary interviewees are as follows:

By Company Type: Tier 1 - 69%, Tier 2 - 23%, and Tier 3 - 8%
By Designation: Director Level - 27%, C-Level - 25%, and Others - 48%
By Region: North America - 32%, Europe - 28%, Asia Pacific - 21%, South America - 12%, and Middle East & Africa - 7%

The key market players illustrated in the report include Teijin Limited (Japan), DuPont de Numerous, Inc. (US), Yantai Tayho Advanced Materials Co., Ltd. (China), Hyosung Corporation (South Korea), Toray Industries, Inc. (Japan), Kolon Industries Inc. (South Korea), Huvis Corp. (South Korea), Kermel (France), China National Bluestar (Group) Co., Ltd. (China), and X-FIPER New Material Co., Ltd. (China).

Research Coverage

This report segments the market for aramid fiber on the basis of type, application, and region, and provides estimations for the overall volume (Ton) and value (USD Million) of the market across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products & services, key strategies, new product launches, expansions, and mergers & acquisition associated with the market for aramid fiber.

Reasons to buy this report

This research report is focused on various levels of analysis - industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together provide an overall view on the competitive landscape; emerging and high-growth segments of the aramid fiber market; high-growth regions; and market drivers, restraints, opportunities, and challenges.

The report provides insights on the following pointers:

Analysis of key drivers (Rising demand for lightweight materials in security & protection applications, Increasing need for lightweight materials offering substantial emission reduction in vehicles, Potential alternative for steel and asbestos), restraints (High R&D cost, Non-biodegradable nature of aramid fiber), opportunities (Growing demand for homeland security, Rising aerospace and defense sector, Developments in aramid materials manufacturing process), and challenges (expensive production, Available substitutes with analogous properties)
Market Penetration: Comprehensive information on aramid fiber offered by top players in the global aramid fiber market
Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the aramid fiber market
Market Development: Comprehensive information about lucrative emerging markets - the report analyzes the markets for aramid fiber across regions
Market Diversification: Exhaustive information about new products, untapped regions, and recent developments in the global aramid fiber market
Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the aramid fiber market
Impact of recession on aramid fiber market

1 Introduction

1.1 Study Objectives
1.2 Market Definition
1.2.1 Aramid Fiber Market: Inclusions and Exclusions
1.2.2 Aramid Fiber Market: Definition and Inclusions, by Type
1.2.3 Aramid Fiber Market: Definition and Inclusions, by Application
1.3 Market Scope
1.3.1 Aramid Fiber Market Segmentation
1.3.2 Regions Covered
1.3.3 Years Considered
1.4 Currency
1.5 Units Considered
1.6 Stakeholders
1.7 Summary of Changes
1.8 Recession Impact

2 Research Methodology

2.1 Research Data
Figure 1 Aramid Fiber Market: Research Design
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Primary Interviews - Demand and Supply Sides
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
Figure 2 Market Size Estimation Methodology: Approach 1 (Supply Side) Collective Share of Major Players
Figure 3 Market Size Estimation Methodology: Approach 1 Bottom-Up (Supply Side)- Collective Revenue of All Products
Figure 4 Market Size Estimation Methodology: Approach 2 - Bottom-Up (Demand Side)
2.2.2 Top-Down Approach
Figure 5 Market Size Estimation Methodology: Approach 3 - Top-Down
2.3 Data Triangulation
Figure 6 Aramid Fiber Market: Data Triangulation
2.4 Growth Rate Assumptions/Growth Forecast
2.4.1 Supply Side
Figure 7 Market CAGR Projections from Supply Side
2.4.2 Demand Side
Figure 8 Market Growth Projections from Demand-Side Drivers and Opportunities
2.5 Impact of Recession
2.6 Factor Analysis
2.7 Assumptions
2.8 Limitations
2.9 Risk Assessment
Table 1 Aramid Fiber Market: Risk Assessment

3 Executive Summary

Figure 9 Optical Fibers Segment to Witness Highest CAGR in Aramid Fiber Market During Forecast Period
Figure 10 Para-Aramid Fiber Segment to Dominate Aramid Fiber Market During Forecast Period
Figure 11 Europe Accounted for Largest Share of Aramid Fiber Market in 2022

4 Premium Insights

4.1 Attractive Opportunities for Players in Aramid Fiber Market
Figure 12 Europe to Lead Aramid Fiber Market During Forecast Period
4.2 Aramid Fiber Market, by Region
Figure 13 Asia-Pacific to Register Highest CAGR During Forecast Period
4.3 Asia-Pacific: Aramid Fiber Market, by Application and Country, 2022
Figure 14 China and Security & Protection Application Led Aramid Fiber Market in Asia-Pacific in 2022
4.4 Aramid Fiber Market Size, by Application Vs. Region
Figure 15 Security & Protection Application Led Aramid Fiber Market
4.5 Aramid Fiber Market, by Key Countries
Figure 16 India to Register Highest CAGR Between 2023 and 2028

5 Market Overview

5.1 Introduction
5.2 Market Dynamics
Figure 17 Overview of Factors Governing Aramid Fiber Market
5.2.1 Drivers
5.2.1.1 Increasing Demand for Lightweight Materials in Security & Protection Applications
5.2.1.2 Rising Need for Lightweight Materials Enabling Significant Emission Reduction in Vehicles
5.2.1.3 Potential Substitute for Steel and Asbestos
5.2.2 Restraints
5.2.2.1 High R&D Costs
5.2.2.2 Non-Biodegradable Nature of Aramid Fibers
5.2.3 Opportunities
5.2.3.1 Rising Need for Homeland Security
5.2.3.2 Growing Aerospace & Defense Sector
5.2.3.3 Advancements in Aramid Fiber Material Manufacturing Technologies
5.2.4 Challenges
5.2.4.1 High Cost of Production
5.2.4.2 Availability of Alternatives with Similar Properties
5.3 Porter's Five Forces Analysis
Figure 18 Aramid Fiber Market: Porter's Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Suppliers
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry
Table 2 Aramid Fiber Market: Porter's Five Forces Analysis
5.4 Macroeconomic Indicators
5.4.1 GDP Trends and Forecasts for Major Economies
Table 3 GDP Trends and Forecast, by Major Economies, 2020-2028 (USD Billion)

6 Industry Trends

6.1 Supply Chain Analysis
Figure 19 Aramid Fiber Market: Supply Chain
6.1.1 Raw Materials
6.1.2 Aramid Fiber Manufacturers
6.1.3 Distribution to End-Use Industries
6.2 Key Stakeholders & Buying Criteria
6.2.1 Key Stakeholders in Buying Process
Figure 20 Influence of Stakeholders on Buying Process for Top 3 Applications
Table 4 Influence of Stakeholders on Buying Process for Top 3 Applications (%)
6.2.2 Buying Criteria
Figure 21 Key Buying Criteria for Top 3 Applications
Table 5 Key Buying Criteria for Top 3 Applications
6.3 Pricing Analysis
6.3.1 Average Selling Price Trend of Key Players, by Application
Figure 22 Average Selling Price Trend of Key Players, by Application
Table 6 Average Selling Price Trend of Key Players (Usd/Kg), by Application
6.3.2 Average Selling Price Trend, by Region
Figure 23 Average Selling Price Trend of Aramid Fiber, by Region (Usd/Kg)
Table 7 Average Selling Price Trend of Aramid Fiber, by Region (Usd/Kg)
6.4 Trends/Disruptions Impacting Customer Businesses
6.4.1 Revenue Shifts and New Revenue Pockets for Aramid Fiber Manufacturers
Figure 24 Revenue Shift for Aramid Fiber Market
6.5 Ecosystem
Figure 25 Aramid Fiber Market: Ecosystem
Table 8 Aramid Fiber Market: Ecosystem
6.6 Case Studies
6.6.1 Case Study on Aramid Fiber for Lightweight Protective Racing Suits
6.6.2 Case Study on Aramid Fiber for Flame-Resistant Comfort Wear
6.7 Technology Analysis
6.8 Global Regulatory Framework and Its Impact on Aramid Fiber Market
6.8.1 Regulations Related to Aramid Fiber Market
6.8.2 Regulatory Bodies, Government Agencies, and Other Organizations
6.9 Key Conferences & Events in 2023-2024
Table 9 Aramid Fiber Market: Detailed List of Conferences & Events
6.10 Trade Data
6.10.1 Import Scenario of Aramid Fibers
Figure 26 Aramid Fiber Imports, by Key Countries, 2013-2022
Table 10 Aramid Fiber Imports, by Region, 2013-2022 (USD Million)
6.10.2 Export Scenario of Aramid Fibers
Figure 27 Aramid Fiber Exports, by Key Countries, 2013-2022
Table 11 Aramid Fiber Exports, by Region, 2013-2022 (USD Million)
6.11 Patent Analysis
6.11.1 Approach
6.11.2 Document Type
Figure 28 Patents Registered for Aramid Fiber, 2012-2022
Figure 29 Patent Publication Trends for Aramid Fiber, 2012-2022
6.11.3 Legal Status of Patents
Figure 30 Legal Status of Patents Filed for Aramid Fiber
6.11.4 Jurisdiction Analysis
Figure 31 Maximum Patents Filed by Companies in US
6.11.5 Top Applicants
Figure 32 The Boeing Company Registered Maximum Number of Patents Between 2012 and 2022
Table 12 Top 10 Patent Owners (Us) in Last 11 Years

7 Aramid Fiber Market, by Type

7.1 Introduction
Figure 33 Meta-Aramid Fiber to Grow at Higher CAGR Between 2023 and 2028
Table 13 Aramid Fiber Market, by Type, 2017-2021 (Ton)
Table 14 Aramid Fiber Market, by Type, 2022-2028 (Ton)
Table 15 Aramid Fiber Market, by Type, 2017-2021 (USD Million)
Table 16 Aramid Fiber Market, by Type, 2022-2028 (USD Million)
7.2 Para-Aramid Fiber
7.2.1 Rising Demand for Protective Apparel to Drive Market
Table 17 Para-Aramid Fiber Market, by Region, 2017-2021 (Ton)
Table 18 Para-Aramid Fiber Market, by Region, 2022-2028 (Ton)
Table 19 Para-Aramid Fiber Market, by Region, 2017-2021 (USD Million)
Table 20 Para-Aramid Fiber Market, by Region, 2022-2028 (USD Million)
Table 21 Para-Aramid Fiber Market, by Application, 2017-2021 (Ton)
Table 22 Para-Aramid Fiber Market, by Application, 2022-2028 (Ton)
Table 23 Para-Aramid Fiber Market, by Application, 2017-2021 (USD Million)
Table 24 Para-Aramid Fiber Market, by Application, 2022-2028 (USD Million)
7.3 Meta-Aramid Fiber
7.3.1 Growing Demand from Telecommunication and Automotive Industries to Drive Market
Table 25 Meta-Aramid Fiber Market, by Region, 2017-2021 (Ton)
Table 26 Meta-Aramid Fiber Market, by Region, 2022-2028 (Ton)
Table 27 Meta-Aramid Fiber Market, by Region, 2017-2021 (USD Million)
Table 28 Meta-Aramid Fiber Market, by Region, 2022-2028 (USD Million)

8 Aramid Fiber Market, by Application

8.1 Introduction
Figure 34 Optical Fibers Segment to Register Highest CAGR in Aramid Fiber Market During Forecast Period
Table 29 Aramid Fiber Market, by Application, 2017-2021 (Ton)
Table 30 Aramid Fiber Market, by Application, 2022-2028 (Ton)
Table 31 Aramid Fiber Market, by Application, 2017-2021 (USD Million)
Table 32 Aramid Fiber Market, by Application, 2022-2028 (USD Million)
8.2 Security & Protection
8.2.1 Stringent Regulations Enforced by Government and Other Agencies in Developed Economies to Drive Market
Table 33 Aramid Fiber Market in Security & Protection, by Region, 2017-2021 (Ton)
Table 34 Aramid Fiber Market in Security & Protection, by Region, 2022-2028 (Ton)
Table 35 Aramid Fiber Market in Security & Protection, by Region, 2017-2021 (USD Million)
Table 36 Aramid Fiber Market in Security & Protection, by Region, 2022-2028 (USD Million)
8.3 Frictional Materials
8.3.1 Advancements in Technology in Transportation Industry to Drive Market
Table 37 Aramid Fiber Market in Frictional Materials, by Region, 2017-2021 (Ton)
Table 38 Aramid Fiber Market in Frictional Materials, by Region, 2022-2028 (Ton)
Table 39 Aramid Fiber Market in Frictional Materials, by Region, 2017-2021 (USD Million)
Table 40 Aramid Fiber Market in Frictional Materials, by Region, 2022-2028 (USD Million)
8.4 Industrial Filtration
8.4.1 Demand for High-Temperature Gas Filtration to Drive Market
Table 41 Aramid Fiber Market in Industrial Filtration, by Region, 2017-2021 (Ton)
Table 42 Aramid Fiber Market in Industrial Filtration, by Region, 2022-2028 (Ton)
Table 43 Aramid Fiber Market in Industrial Filtration, by Region, 2017-2021 (USD Million)
Table 44 Aramid Fiber Market in Industrial Filtration, by Region, 2022-2028 (USD Million)
8.5 Optical Fibers
8.5.1 Rise in Investments in Telecommunication to Drive Market
Table 45 Aramid Fiber Market in Optical Fibers, by Region, 2017-2021 (Ton)
Table 46 Aramid Fiber Market in Optical Fibers, by Region, 2022-2028 (Ton)
Table 47 Aramid Fiber Market in Optical Fibers, by Region, 2017-2021 (USD Million)
Table 48 Aramid Fiber Market in Optical Fibers, by Region, 2022-2028 (USD Million)
8.6 Rubber Reinforcement
8.6.1 Increasing Demand for Thermal Stability from Automotive and Industrial Sectors to Drive Market
Table 49 Aramid Fiber Market in Rubber Reinforcement, by Region, 2017-2021 (Ton)
Table 50 Aramid Fiber Market in Rubber Reinforcement, by Region, 2022-2028 (Ton)
Table 51 Aramid Fiber Market in Rubber Reinforcement, by Region, 2017-2021 (USD Million)
Table 52 Aramid Fiber Market in Rubber Reinforcement, by Region, 2022-2028 (USD Million)
8.7 Tire Reinforcement
8.7.1 Demand for Heavy-Duty Vehicles and Efficient Tires to Drive Market
Table 53 Aramid Fiber Market in Tire Reinforcement, by Region, 2017-2021 (Ton)
Table 54 Aramid Fiber Market in Tire Reinforcement, by Region, 2022-2028 (Ton)
Table 55 Aramid Fiber Market in Tire Reinforcement, by Region, 2017-2021 (USD Million)
Table 56 Aramid Fiber Market in Tire Reinforcement, by Region, 2022-2028 (USD Million)
8.8 Electrical Insulation
8.8.1 Demand for Insulation in Extreme Conditions to Drive Market
Table 57 Aramid Fiber Market in Electrical Insulation, by Region, 2017-2021 (Ton)
Table 58 Aramid Fiber Market in Electrical Insulation, by Region, 2022-2028 (Ton)
Table 59 Aramid Fiber Market in Electrical Insulation, by Region, 2017-2021 (USD Million)
Table 60 Aramid Fiber Market in Electrical Insulation, by Region, 2022-2028 (USD Million)
8.9 Others
8.9.1 Composites
8.9.2 Aerospace
8.9.3 Recreational Goods
8.9.4 Ropes & Cables
Table 61 Aramid Fiber Market in Other Applications, by Region, 2017-2021 (Ton)
Table 62 Aramid Fiber Market in Other Applications, by Region, 2022-2028 (Ton)
Table 63 Aramid Fiber Market in Other Applications, by Region, 2017-2021 (USD Million)
Table 64 Aramid Fiber Market in Other Applications, by Region, 2022-2028 (USD Million)

9 Aramid Fiber Market, by Region

9.1 Introduction
Figure 35 Asia-Pacific to Register Highest CAGR in Aramid Fiber Market Between 2023 and 2028
Table 65 Aramid Fiber Market, by Region, 2017-2021 (Ton)
Table 66 Aramid Fiber Market, by Region, 2022-2028 (Ton)
Table 67 Aramid Fiber Market, by Region, 2017-2021 (USD Million)
Table 68 Aramid Fiber Market, by Region, 2022-2028 (USD Million)
9.2 Asia-Pacific
Figure 36 Asia-Pacific: Aramid Fiber Market Snapshot
9.2.1 Recession Impact
9.2.2 Asia-Pacific Aramid Fiber Market, by Type
Table 69 Asia-Pacific: Aramid Fiber Market, by Type, 2017-2021 (Ton)
Table 70 Asia-Pacific: Aramid Fiber Market, by Type, 2022-2028 (Ton)
Table 71 Asia-Pacific: Aramid Fiber Market, by Type, 2017-2021 (USD Million)
Table 72 Asia-Pacific: Aramid Fiber Market, by Type, 2022-2028 (USD Million)
9.2.3 Asia-Pacific Aramid Fiber Market, by Application
Table 73 Asia-Pacific: Aramid Fiber Market, by Application, 2017-2021 (Ton)
Table 74 Asia-Pacific: Aramid Fiber Market, by Application, 2022-2028 (Ton)
Table 75 Asia-Pacific: Aramid Fiber Market, by Application, 2017-2021 (USD Million)
Table 76 Asia-Pacific: Aramid Fiber Market, by Application, 2022-2028 (USD Million)
9.2.4 Asia-Pacific Aramid Fiber Market, by Country
Table 77 Asia-Pacific: Aramid Fiber Market, by Country, 2017-2021 (Ton)
Table 78 Asia-Pacific: Aramid Fiber Market, by Country, 2022-2028 (Ton)
Table 79 Asia-Pacific: Aramid Fiber Market, by Country, 2017-2021 (USD Million)
Table 80 Asia-Pacific: Aramid Fiber Market, by Country, 2022-2028 (USD Million)
9.2.4.1 China
9.2.4.1.1 Heavy Production and Consumption of Composites Industry to Drive Market
Table 81 China: Aramid Fiber Market, by Application, 2017-2021 (Ton)
Table 82 China: Aramid Fiber Market, by Application, 2022-2028 (Ton)
Table 83 China: Aramid Fiber Market, by Application, 2017-2021 (USD Million)
Table 84 China: Aramid Fiber Market, by Application, 2022-2028 (USD Million)
9.2.4.2 Japan
9.2.4.2.1 Growing Investment in Telecommunication Industry to Support Market Growth
Table 85 Japan: Aramid Fiber Market, by Application, 2017-2021 (Ton)
Table 86 Japan: Aramid Fiber Market, by Application, 2022-2028 (Ton)
Table 87 Japan: Aramid Fiber Market, by Application, 2017-2021 (USD Million)
Table 88 Japan: Aramid Fiber Market, by Application, 2022-2028 (USD Million)
9.2.4.3 India
9.2.4.3.1 Growing Fdi in Manufacturing Industry to Support Market Growth
Table 89 India: Aramid Fiber Market, by Application, 2017-2021 (Ton)
Table 90 India: Aramid Fiber Market, by Application, 2022-2028 (Ton)
Table 91 India: Aramid Fiber Market, by Application, 2017-2021 (USD Million)
Table 92 India: Aramid Fiber Market, by Application, 2022-2028 (USD Million)
9.2.4.4 South Korea
9.2.4.4.1 High Demand from Building & Construction and Electronics Industry to Support Market Growth
Table 93 South Korea: Aramid Fiber Market, by Application, 2017-2021 (Ton)
Table 94 South Korea: Aramid Fiber Market, by Application, 2022-2028 (Ton)
Table 95 South Korea: Aramid Fiber Market, by Application, 2017-2021 (USD Million)
Table 96 South Korea: Aramid Fiber Market, by Application, 2022-2028 (USD Million)
9.3 North America
Figure 37 North America: Aramid Fiber Market Snapshot
9.3.1 Recession Impact
9.3.2 North America Aramid Fiber Market, by Type
Table 97 North America: Aramid Fiber Market, by Type, 2017-2021 (Ton)
Table 98 North America: Aramid Fiber Market, by Type, 2022-2028 (Ton)
Table 99 North America: Aramid Fiber Market, by Type, 2017-2021 (USD Million)
Table 100 North America: Aramid Fiber Market, by Type, 2022-2028 (USD Million)
9.3.3 North America Aramid Fiber Market, by Application
Table 101 North America: Aramid Fiber Market, by Application, 2017-2021 (Ton)
Table 102 North America: Aramid Fiber Market, by Application, 2022-2028 (Ton)
Table 103 North America: Aramid Fiber Market, by Application, 2017-2021 (USD Million)
Table 104 North America: Aramid Fiber Market, by Application, 2022-2028 (USD Million)
9.3.4 North America Aramid Fiber Market, by Country
Table 105 North America: Aramid Fiber Market, by Country, 2017-2021 (Ton)
Table 106 North America: Aramid Fiber Market, by Country, 2022-2028 (Ton)
Table 107 North America: Aramid Fiber Market, by Country, 2017-2021 (USD Million)
Table 108 North America: Aramid Fiber Market, by Country, 2022-2028 (USD Million)
9.3.4.1 US
9.3.4.1.1 Heavy Capital Investments and Development Projects in Automotive and Defense Sectors to Drive Market
Table 109 US: Aramid Fiber Market, by Application, 2017-2021 (Ton)
Table 110 US: Aramid Fiber Market, by Application, 2022-2028 (Ton)
Table 111 US: Aramid Fiber Market, by Application, 2017-2021 (USD Million)
Table 112 US: Aramid Fiber Market, by Application, 2022-2028 (USD Million)
9.3.4.2 Canada
9.3.4.2.1 Rise in Disposable Income to Positively Influence Market
Table 113 Canada: Aramid Fiber Market, by Application, 2017-2021 (Ton)
Table 114 Canada: Aramid Fiber Market, by Application, 2022-2028 (Ton)
Table 115 Canada: Aramid Fiber Market, by Application, 2017-2021 (USD Million)
Table 116 Canada: Aramid Fiber Market, by Application, 2022-2028 (USD Million)
9.3.4.3 Mexico
9.3.4.3.1 Increasing Manufacturing Activities and Extensive Network of Free Trade Agreements (Ftas) to Drive Market
Table 117 Mexico: Aramid Fiber Market, by Application, 2017-2021 (Ton)
Table 118 Mexico: Aramid Fiber Market, by Application, 2022-2028 (Ton)
Table 119 Mexico: Aramid Fiber Market, by Application, 2017-2021 (USD Million)
Table 120 Mexico: Aramid Fiber Market, by Application, 2022-2028 (USD Million)
9.4 Europe
Figure 38 Europe: Aramid Fiber Market Snapshot
9.4.1 Recession Impact on Europe
9.4.2 Europe Aramid Fiber Market, by Type
Table 121 Europe: Aramid Fiber Market, by Type, 2017-2021 (Ton)
Table 122 Europe: Aramid Fiber Market, by Type, 2022-2028 (Ton)
Table 123 Europe: Aramid Fiber Market, by Type, 2017-2021 (USD Million)
Table 124 Europe: Aramid Fiber Market, by Type, 2022-2028 (USD Million)
9.4.3 Europe Aramid Fiber Market, by Application
Table 125 Europe: Aramid Fiber Market, by Application, 2017-2021 (Ton)
Table 126 Europe: Aramid Fiber Market, by Application, 2022-2028 (Ton)
Table 127 Europe: Aramid Fiber Market, by Application, 2017-2021 (USD Million)
Table 128 Europe: Aramid Fiber Market, by Application, 2022-2028 (USD Million)
9.4.4 Europe Aramid Fiber Market, by Country
Table 129 Europe: Aramid Fiber Market, by Country, 2017-2021 (Ton)
Table 130 Europe: Aramid Fiber Market, by Country, 2022-2028 (Ton)
Table 131 Europe: Aramid Fiber Market, by Country, 2017-2021 (USD Million)
Table 132 Europe: Aramid Fiber Market, by Country, 2022-2028 (USD Million)
9.4.4.1 Germany
9.4.4.1.1 Highly Developed Aerospace and Automotive Industries to Drive Market
Table 133 Germany: Aramid Fiber Market, by Application, 2017-2021 (Ton)
Table 134 Germany: Aramid Fiber Market, by Application, 2022-2028 (Ton)
Table 135 Germany: Aramid Fiber Market, by Application, 2017-2021 (USD Million)
Table 136 Germany: Aramid Fiber Market, by Application, 2022-2028 (USD Million)
9.4.4.2 UK
9.4.4.2.1 Growth in Automotive and Chemical Industries to Positively Influence Market
Table 137 UK: Aramid Fiber Market, by Application, 2017-2021 (Ton)
Table 138 UK: Aramid Fiber Market, by Application, 2022-2028 (Ton)
Table 139 UK: Aramid Fiber Market, by Application, 2017-2021 (USD Million)
Table 140 UK: Aramid Fiber Market, by Application, 2022-2028 (USD Million)
9.4.4.3 France
9.4.4.3.1 Growing Demand in Optical Fibers and Aerospace Applications to Drive Market
Table 141 France: Aramid Fiber Market, by Application, 2017-2021 (Ton)
Table 142 France: Aramid Fiber Market, by Application, 2022-2028 (Ton)
Table 143 France: Aramid Fiber Market, by Application, 2017-2021 (USD Million)
Table 144 France: Aramid Fiber Market, by Application, 2022-2028 (USD Million)
9.4.4.4 Spain
9.4.4.4.1 Strong Focus on Revival of Economy to Propel Market
Table 145 Spain: Aramid Fiber Market, by Application, 2017-2021 (Ton)
Table 146 Spain: Aramid Fiber Market, by Application, 2022-2028 (Ton)
Table 147 Spain: Aramid Fiber Market, by Application, 2017-2021 (USD Million)
Table 148 Spain: Aramid Fiber Market, by Application, 2022-2028 (USD Million)
9.5 South America
9.5.1 Recession Impact on South America
9.5.2 South America Aramid Fiber Market, by Type
Table 149 South America: Aramid Fiber Market, by Type, 2017-2021 (Ton)
Table 150 South America: Aramid Fiber Market, by Type, 2022-2028 (Ton)
Table 151 South America: Aramid Fiber Market, by Type, 2017-2021 (USD Million)
Table 152 South America: Aramid Fiber Market, by Type, 2022-2028 (USD Million)
9.5.3 South America Aramid Fiber Market, by Application
Table 153 South America: Aramid Fiber Market, by Application, 2017-2021 (Ton)
Table 154 South America: Aramid Fiber Market, by Application, 2022-2028 (Ton)
Table 155 South America: Aramid Fiber Market, by Application, 2017-2021 (USD Million)
Table 156 South America: Aramid Fiber Market, by Application, 2022-2028 (USD Million)
9.5.4 South America Aramid Fiber Market, by Country
Table 157 South America: Aramid Fiber Market, by Country, 2017-2021 (Ton)
Table 158 South America: Aramid Fiber Market, by Country, 2022-2028 (Ton)
Table 159 South America: Aramid Fiber Market, by Country, 2017-2021 (USD Million)
Table 160 South America: Aramid Fiber Market, by Country, 2022-2028 (USD Million)
9.5.4.1 Brazil
9.5.4.1.1 Rising Demand from Oil & Gas and Transport Industries to Support Market
Table 161 Brazil: Aramid Fiber Market, by Application, 2017-2021 (Ton)
Table 162 Brazil: Aramid Fiber Market, by Application, 2022-2028 (Ton)
Table 163 Brazil: Aramid Fiber Market, by Application, 2017-2021 (USD Million)
Table 164 Brazil: Aramid Fiber Market, by Application, 2022-2028 (USD Million)
9.6 Middle East & Africa
9.6.1 Recession Impact on Middle East & Africa
9.6.2 Middle East & Africa Aramid Fiber Market, by Type
Table 165 Middle East & Africa: Aramid Fiber Market, by Type, 2017-2021 (Ton)
Table 166 Middle East & Africa: Aramid Fiber Market, by Type, 2022-2028 (Ton)
Table 167 Middle East & Africa: Aramid Fiber Market, by Type, 2017-2021 (USD Million)
Table 168 Middle East & Africa: Aramid Fiber Market, by Type, 2022-2028 (USD Million)
9.6.3 Middle East & Africa Aramid Fiber Market, by Application
Table 169 Middle East & Africa: Aramid Fiber Market, by Application, 2017-2021 (Ton)
Table 170 Middle East & Africa: Aramid Fiber Market, by Application, 2022-2028 (Ton)
Table 171 Middle East & Africa: Aramid Fiber Market, by Application, 2017-2021 (USD Million)
Table 172 Middle East & Africa: Aramid Fiber Market, by Application, 2022-2028 (USD Million)
9.6.4 Middle East & Africa Aramid Fiber Market, by Country
Table 173 Middle East & Africa: Aramid Fiber Market, by Country, 2017-2021 (Ton)
Table 174 Middle East & Africa: Aramid Fiber Market, by Country, 2022-2028 (Ton)
Table 175 Middle East & Africa: Aramid Fiber Market, by Country, 2017-2021 (USD Million)
Table 176 Middle East & Africa: Aramid Fiber Market, by Country, 2022-2028 (USD Million)
9.6.4.1 Saudi Arabia
9.6.4.1.1 Heavy Investments in Defense Sector to Drive Market
Table 177 Saudi Arabia: Aramid Fiber Market, by Application, 2017-2021 (Ton)
Table 178 Saudi Arabia: Aramid Fiber Market, by Application, 2022-2028 (Ton)
Table 179 Saudi Arabia: Aramid Fiber Market, by Application, 2017-2021 (USD Million)
Table 180 Saudi Arabia: Aramid Fiber Market, by Application, 2022-2028 (USD Million)
9.6.4.2 UAE
9.6.4.2.1 Potential Foreign Investors to Positively Influence Market
Table 181 UAE: Aramid Fiber Market, by Application, 2017-2021 (Ton)
Table 182 UAE: Aramid Fiber Market, by Application, 2022-2028 (Ton)
Table 183 UAE: Aramid Fiber Market, by Application, 2017-2021 (USD Million)
Table 184 UAE: Aramid Fiber Market, by Application, 2022-2028 (USD Million)

10 Competitive Landscape

10.1 Introduction
10.2 Strategies Adopted by Key Players
Table 185 Overview of Strategies Adopted by Key Manufacturers of Aramid Fiber
10.3 Ranking of Key Market Players, 2022
Figure 39 Ranking of Top Five Players in Aramid Fiber Market, 2022
10.4 Market Share Analysis
Table 186 Aramid Fiber Market: Degree of Competition
Figure 40 Dupont De Nemours, Inc.: Leading Player in Aramid Fiber Market
10.4.1 Dupont De Nemours, Inc.
10.4.2 Teijin Limited
10.4.3 Kolon Industries, Inc.
10.4.4 Yantai Tayho Advanced Materials Co., Ltd.
10.4.5 Toray Industries, Inc.
10.5 Revenue Analysis of Top Five Players
Figure 41 Revenue Analysis of Key Companies for Last Five Years
10.6 Company Evaluation Matrix
10.6.1 Stars
10.6.2 Emerging Leaders
10.6.3 Pervasive Players
10.6.4 Participants
Figure 42 Company Evaluation Matrix for Key Players
10.6.5 Company Footprint
Figure 43 Aramid Fiber Market: Company Product Footprint
Table 187 Aramid Fiber Market: Type Footprint
Table 188 Aramid Fiber Market: Application Footprint
Table 189 Aramid Fiber Market: Company Region Footprint
10.7 Start-Up/Sme Evaluation Matrix
10.7.1 Progressive Companies
10.7.2 Responsive Companies
10.7.3 Dynamic Companies
10.7.4 Starting Blocks
Figure 44 Start-Up/Sme Evaluation Matrix For
10.7.5 Competitive Benchmarking
Table 190 Aramid Fiber Market: Detailed List of Key Startups/Smes
Table 191 Aramid Fiber Market: Competitive Benchmarking of Key Startups/Smes
10.8 Competitive Situations and Trends
10.8.1 Product Launches
Table 192 Aramid Fiber Market: Product Launches, (2019-2023)
10.8.2 Deals
Table 193 Aramid Fiber Market: Deals, (2019-2023)
10.8.3 Other Developments
Table 194 Aramid Fiber Market: Expansions, Investments, and Innovations, (2019-2023)

11 Company Profiles

(Business Overview, Products Offered, Recent Developments, Analyst's View)*
11.1 Major Players
11.1.1 Teijin Limited
Table 195 Teijin Limited: Company Overview
Figure 45 Teijin Limited: Company Snapshot
Table 196 Teijin Limited: Product Launches
Table 197 Teijin Limited: Deals
Table 198 Teijin Limited: Other Developments
11.1.2 Dupont De Nemours, Inc.
Table 199 Dupont De Nemours, Inc: Company Overview
Figure 46 Dupont De Nemours, Inc.: Company Snapshot
Table 200 Dupont De Nemours, Inc.: Product Launches
Table 201 Dupont De Nemours, Inc.: Deals
11.1.3 Yantai Tayho Advanced Materials Co., Ltd.
Table 202 Yantai Tayho Advanced Materials Co., Ltd.: Company Overview
Table 203 Yantai Tayho Advanced Materials Co., Ltd.: Other Developments
11.1.4 Hyosung Corporation
Table 204 Hyosung Corporation: Company Overview
Figure 47 Hyosong Corporation: Company Snapshot
Table 205 Hyosung Corporation: Other Developments
11.1.5 Toray Industries, Inc.
Table 206 Toray Industries, Inc.: Company Overview
Figure 48 Toray Industries, Inc.: Company Snapshot
Table 207 Toray Industries, Inc.: Product Launches
Table 208 Toray Industries, Inc.: Deals
11.1.6 Kolon Industries, Inc.
Table 209 Kolon Industries, Inc.: Company Overview
Figure 49 Kolon Industries, Inc.: Company Snapshot
Table 210 Kolon Industries, Inc.: Other Developments
11.1.7 Huvis Corp.
Table 211 Huvis Corp.: Company Overview
11.1.8 Kermel
11.1.9 China National Bluestar (Group) Co., Ltd.
Table 212 China Bluestar (Group) Co., Ltd.: Company Overview
11.1.10 X-Fiper New Material Co., Ltd
Table 213 X-Fiper New Material Co., Ltd: Company Overview
11.2 Other Key Market Players
11.2.1 Taekwang Industrial Co., Ltd.
Table 214 Taekwang Industrial Co., Ltd.: Company Overview
11.2.2 Aramid Hpm LLC
Table 215 Aramid Hpm LLC: Company Overview
11.2.3 Shanghai J&S New Materials Co., Ltd
Table 216 Shanghai J&S New Materials Co., Ltd: Company Overview
11.2.4 Yf International Bv
Table 217 Yf International Bv: Company Overview
11.2.5 Lydall, Inc.
Table 218 Lydall, Inc.: Company Overview
11.2.6 Suzhou Zhaoda Specially Fiber Technical Co., Ltd
Table 219 Suzhou Zhaoda Specially Fiber Technical Co., Ltd: Company Overview
11.2.7 Shenma Industrial Co., Ltd.
Table 220 Shenma Industrial Co., Ltd.: Company Overview
11.2.8 Sinopec Yizheng Chemical Fiber Co., Ltd.
Table 221 Sinopec Yizheng Chemical Fiber Co., Ltd.: Company Overview
11.2.9 Zhangjiagang Gangying Industry Co., Ltd
Table 222 Zhangjiagang Gangying Industry Co., Ltd: Company Overview
11.2.10 Veplas Advanced Technologies Group
Table 223 Veplas Advanced Technologies Group: Company Overview
11.2.11 Pro-Systems S.P.A.
Table 224 Pro-Systems S.P.A.: Company Overview
11.2.12 Wuxi Gde Technology Co., Ltd
Table 225 Wuxi Gde Technology Co., Ltd: Company Overview
11.2.13 Barnet Intelligent Materials
Table 226 Barnet Intelligent Materials: Company Overview
11.2.14 Zhejiang Suretex Composite Co., Ltd
Table 227 Zhejiang Suretex Composite Co., Ltd: Company Overview
11.2.15 Hebei Silicon Valley Chemical Co., Ltd.
Table 228 Hebei Silicon Valley Chemical Co., Ltd.: Company Overview
*Details on Business Overview, Products Offered, Recent Developments, Analyst's View Might Not be Captured in Case of Unlisted Companies.

12 Adjacent & Related Markets

12.1 Introduction
12.2 Limitation
12.3 Armor Materials Market
12.3.1 Market Definition
12.3.2 Market Overview
12.4 Armor Materials Market, by Region
Table 229 Armor Materials Market, by Region, 2017-2020 (USD Million)
Table 230 Armor Materials Market, by Region, 2021-2027 (USD Million)
Table 231 Armor Materials Market, by Region, 2017-2020 (Kiloton)
Table 232 Armor Materials Market, by Region, 2021-2027 (Kiloton)
12.4.1 North America
Table 233 North America: Armor Materials Market, by Country, 2017-2020 (USD Million)
Table 234 North America: Armor Materials Market, by Country, 2021-2027 (USD Million)
Table 235 North America: Armor Materials Market, by Country, 2017-2020 (Kiloton)
Table 236 North America: Armor Materials Market, by Country, 2021-2027 (Kiloton)
12.4.2 Europe
Table 237 Europe: Armor Materials Market, by Country, 2017-2020 (USD Million)
Table 238 Europe: Armor Materials Market, by Country, 2021-2027 (USD Million)
Table 239 Europe: Armor Materials Market, by Country, 2017-2020 (Kiloton)
Table 240 Europe: Armor Materials Market, by Country, 2021-2027 (Kiloton)
12.4.3 Asia-Pacific
Table 241 Asia-Pacific: Armor Materials Market, by Country, 2017-2020 (USD Million)
Table 242 Asia-Pacific: Armor Materials Market, by Country, 2021-2027 (USD Million)
Table 243 Asia-Pacific: Armor Materials Market, by Country, 2017-2020 (Kiloton)
Table 244 Asia-Pacific: Armor Materials Market, by Country, 2021-2027 (Kiloton)
12.4.4 Middle East & Africa
Table 245 Middle East & Africa: Armor Materials Market, by Country, 2017-2020 (USD Million)
Table 246 Middle East & Africa: Armor Materials Market, by Country, 2021-2027 (USD Million)
Table 247 Middle East & Africa: Armor Materials Market, by Country, 2017-2020 (Kiloton)
Table 248 Middle East & Africa: Armor Materials Market, by Country, 2021-2027 (Kiloton)
12.4.5 South America
Table 249 South America: Armor Materials Market, by Country, 2017-2020 (USD Million)
Table 250 South America: Armor Materials Market, by Country, 2021-2027 (USD Million)
Table 251 South America: Armor Materials Market, by Country, 2017-2020 (Kiloton)
Table 252 South America: Armor Materials Market, by Country, 2021-2027 (Kiloton)

13 Appendix

13.1 Discussion Guide
13.2 Knowledgestore: The Subscription Portal
13.3 Customization Options

Companies Mentioned

Aramid Hpm LLC
Barnet Intelligent Materials
China National Bluestar (Group) Co., Ltd.
Dupont De Nemours, Inc.
Hebei Silicon Valley Chemical Co., Ltd.
Huvis Corp.
Hyosung Corporation
Kermel
Kolon Industries, Inc.
Lydall, Inc.
Pro-Systems S.P.A.
Shanghai J&S New Materials Co., Ltd
Shenma Industrial Co., Ltd.
Sinopec Yizheng Chemical Fiber Co., Ltd.
Suzhou Zhaoda Specially Fiber Technical Co., Ltd
Taekwang Industrial Co., Ltd.
Teijin Limited
Toray Industries, Inc.
Veplas Advanced Technologies Group
Wuxi Gde Technology Co., Ltd
X-Fiper New Material Co., Ltd
Yantai Tayho Advanced Materials Co., Ltd.
Yf International Bv
Zhangjiagang Gangying Industry Co., Ltd
Zhejiang Suretex Composite Co., Ltd

Methodology

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Table Information

Report Attribute	Details
No. of Pages	225
Published	September 2023
Forecast Period	2023 - 2028
Estimated Market Value ( USD ) in 2023	$ 4.7 Billion
Forecasted Market Value ( USD ) by 2028	$ 7.6 Billion
Compound Annual Growth Rate	9.9%
Regions Covered	Global
No. of Companies Mentioned	25

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Aramid Fiber Market by Type (Para-Aramid Fiber, Meta-Aramid Fiber), Application (Security & Protection, Frictional Materials, Industrial Filtration, Optical Fibers, Rubber Reinforcement, Tire Reinforcement), Region - Forecast to 2028

The para-aramid fiber was the largest type in aramid fiber market in 2022, in terms of value

Security & protection is projected to be the largest application of aramid fiber market during the forecasted period

Europe is estimated to be the largest aramid fiber market between 2023 and 2028, in terms of value

Research Coverage

Reasons to buy this report

The report provides insights on the following pointers:

Table of Contents

Companies Mentioned

Methodology

Table Information

The para-aramid fiber was the largest type in aramid fiber market in 2022, in terms of value

Security & protection is projected to be the largest application of aramid fiber market during the forecasted period

Europe is estimated to be the largest aramid fiber market between 2023 and 2028, in terms of value

Research Coverage

Reasons to buy this report

The report provides insights on the following pointers:

Table of Contents

Companies Mentioned

Methodology

Table Information

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