Aramid Fibre Market by Type (Para-Aramid Fibre, Meta-Aramid Fibre), By Application (Security & Protection, Optical Fibres, Electrical Insulation, Frictional Material, Industrial Filtration, Tyre Enforcement & Others), Regions and Global Forecast 2020-2027

$4700

The global aramid fibre market was expected to grow from USD 3.69 billion in 2019 to USD 7.04 billion by 2027, at a CAGR of 8.4% during the forecast period 2020-2027.

Aramids fibres are a class of warmth-resistant and synthetic strength fibre. They are used in aerospace and defence applications, for ballistic-rated body Armor and ballistic composites. Aramids share a high degree of direction with other fibres such as UHMWP (ultra-high-molecular-weight polythene). Attributes that dominates their properties excellent resistance, non-conductive, sensitive to UV radiations, resistant to acid and alkalis, low flammable, etc. The world is expected to produce more than 60000 tonnes per year. The most famous aramids are Twaron, Normax, Newstar & Kevlar polymers.

Growing demand for protective and security measures, rise in the military budget, developing economies like India & China, increasing requirements of safety in industries like mining, oil & gas, technical advancement in ballistic body Armor, etc. are the driving force of demand for aramid fibre market. High production cost of these fibres is the primary restraint of the product. The substantial investment for new entries observed to be the barrier.

According to the aramid fibre type, the market divided as para-aramid fibre, meta-aramid fibre & copolyimide. From all the product types, the para-aramid segment has the highest market share, which is accredited to its increasing use in high-tech applications such as military and aerospace in manufacturing bulletproof Armor. Also, the meta-aramid is used in making the aramid papers. This product has numerous purposes such as security & protection, optical fibres, electrical insulation, frictional material, industrial filtration, tyre enforcement & others. The security & protection segment accounts most significant market share, as the rising expenditure in defence. Another application expected to grow at a pace in future is electrical insulation segment. Aramid fibres are used in traction motors, electric motors and electric heating device.

The North American market have the CAGR of 8.7% would be expected to cross USD 2 billion in forecasted year. The growing number of redeveloping operations in the area along with firm regulations for the security and protection of workers all over different industries is anticipated to fuel sector’s growth. The Asia-Pacific region market was valued at over 800 million in 2019. Due to rapid industrialization, due to developing internet economies, rising military expenditure in countries like India & China, the market expected to grow in future. The European market dominates the global market and expected to capture significant share in the future due to a rise in automotive, aerospace & defence in countries such as the UK & Germany.

 

PITAKA, known for hi-tech supplies to the consumer technology space, introduced a protection for wireless Bluetooth devices, cell phones, phones, systems in offices, home & in automobiles.

The Study delivers a comprehensive analysis of the following segments:

  • Global Aramid Fibre Market Analysis And Forecast, By Type
    • Para-Aramid Fibre
    • Meta-Aramid Fibre
    • Copolyimide
    • Others
  • Global Aramid Fibre Market Analysis And Forecast, by Application
    • Security & Protection
    • Optical Fibres
    • Electrical Insulation
    • Frictional Material
    • Industrial Filtration
    • Tyre Enforcement
    • Others
  • Global Aramid Fibre And Forecast, By Regional Analysis
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • Sweden
      • Netherland
      • U.K.
      • Italy
      • Spain
      • Turkey
      • Switzerland
      • Belgium
      • Rest Of Europe
    • Asia-Pacific
      • Japan
      • China
      • India
      • South Korea
      • Australia
      • Singapore
      • Malaysia
      • Thailand
      • Indonesia
      • Philippines
      • Rest Of APAC
    • South America
      • Brazil
      • Argentina
      • Peru
      • Colombia
      • Rest Of South America
    • Middle East And Africa
      • UAE
      •  Saudi Arabia
      •  Egypt
      •  Nigeria
      • South Africa
      • Rest of MEA

1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience
 

2. Research Methodology and Assumptions
 

3. Executive Summary
 

4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis By Type
          4.3.2. Market Attractiveness Analysis By Application
          4.3.3. Market Attractiveness Analysis By Region
    4.4. Industry Trends
 

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
    5.3. Restrains
    5.4. Opportunities
    5.5. Challenges
 

6. Global Aramid Fibre Market Analysis and Forecast, By Type
    6.1. Segment Overview
    6.2. Para-Aramid Fibre
    6.3. Meta-Aramid Fibre
    6.4. Copolyimide
    6.5. Others
 

7. Global Aramid Fibre Market Analysis and Forecast, By Application
    7.1. Segment Overview
    7.2. Security & Protection
    7.3. Optical Fibres
    7.4. Electrical Insulation
    7.5. Frictional Material
    7.6. Industrial Filtration
    7.7. Tyre Enforcement
    7.8. Others
 

8. Global Aramid Fibre Market Analysis and Forecast, By Regional Analysis
    8.1. Segment Overview
    8.2. North America
          8.2.1. U.S.
          8.2.2. Canada
          8.2.3. Mexico
    8.3. Europe
          8.3.1. Germany
          8.3.2. France
          8.3.3. U.K.
          8.3.4. Italy
          8.3.5. Spain
    8.4. Asia-Pacific
          8.4.1. Japan
          8.4.2. China
          8.4.3. India
    8.5. South America
          8.5.1. Brazil
    8.6. Middle East and Africa
          8.6.1. UAE
          8.6.2. South Africa
 

9. Global Aramid Fibre Market-Competitive Landscape
    9.1. Overview
    9.2. Market Share of Key Players in Global Aramid Fibre Market
          9.2.1. Global Company Market Share
          9.2.2. North America Company Market Share
          9.2.3. Europe Company Market Share
          9.2.4. APAC Company Market Share
    9.3. Competitive Situations and Trends
          9.3.1. Product Launches and Developments
          9.3.2. Partnerships, Collaborations, and Agreements
          9.3.3. Mergers & Acquisitions
          9.3.4. Expansions
 

10. Company Profiles
    10.1. DuPont
          10.1.1. Business Overview
          10.1.2. Company Snapshot
          10.1.3. Company Market Share Analysis
          10.1.4. Company Product Portfolio
          10.1.5. Recent Developments
          10.1.6. SWOT Analysis
    10.2. Kolon Industries
          10.2.1. Business Overview
          10.2.2. Company Snapshot
          10.2.3. Company Market Share Analysis
          10.2.4. Company Product Portfolio
          10.2.5. Recent Developments
          10.2.6. SWOT Analysis
    10.3. Hyosung
          10.3.1. Business Overview
          10.3.2. Company Snapshot
          10.3.3. Company Market Share Analysis
          10.3.4. Company Product Portfolio
          10.3.5. Recent Developments
          10.3.6. SWOT Analysis
    10.4. Yantai Tayho
          10.4.1. Business Overview
          10.4.2. Company Snapshot
          10.4.3. Company Market Share Analysis
          10.4.4. Company Product Portfolio
          10.4.5. Recent Developments
          10.4.6. SWOT Analysis
    10.5. Tenjin aramids
          10.5.1. Business Overview
          10.5.2. Company Snapshot
          10.5.3. Company Market Share Analysis
          10.5.4. Company Product Portfolio
          10.5.5. Recent Developments
          10.5.6. SWOT Analysis
    10.6. Toray Chemicals
          10.6.1. Business Overview
          10.6.2. Company Snapshot
          10.6.3. Company Market Share Analysis
          10.6.4. Company Product Portfolio
          10.6.5. Recent Developments
          10.6.6. SWOT Analysis
    10.7. China national blue star
          10.7.1. Business Overview
          10.7.2. Company Snapshot
          10.7.3. Company Market Share Analysis
          10.7.4. Company Product Portfolio
          10.7.5. Recent Developments
          10.7.6. SWOT Analysis
    10.8. Huvis Corporations
          10.8.1. Business Overview
          10.8.2. Company Snapshot
          10.8.3. Company Market Share Analysis
          10.8.4. Company Product Portfolio
          10.8.5. Recent Developments
          10.8.6. SWOT Analysis
    10.9. FIPRE New Materials
          10.9.1. Business Overview
          10.9.2. Company Snapshot
          10.9.3. Company Market Share Analysis
          10.9.4. Company Product Portfolio
          10.9.5. Recent Developments
          10.9.6. SWOT Analysis


List of Table

1. Global Aramid Fibre Market, By Type, 2017–2027(USD Billion)(Tons) 

2. Global Para-Aramid Fibre, Aramid Fibre Market, By Region, 2017–2027(USD Billion)(Tons) 

3. Global Meta-Aramid Fibre, Aramid Fibre Market, By Region, 2017–2027(USD Billion)(Tons) 

4. Global Copolyimide, Aramid Fibre Market, By Region, 2017–2027(USD Billion)(Tons) 

5. Global Others, Aramid Fibre Market, By Region, 2017–2027(USD Billion)(Tons) 

6. Global Aramid Fibre Market, By Application, 2017–2027(USD Billion)(Tons) 

7. Global Security & Protection Aramid Fibre Market, By Region, 2017–2027(USD Billion)(Tons) 

8. Global Optical Fibres Aramid Fibre Market, By Region, 2017–2027(USD Billion)(Tons) 

9. Global Electrical Insulation Aramid Fibre Market, By Region, 2017–2027(USD Billion)(Tons) 

10. Global Frictional Material Aramid Fibre Market, By Region, 2017–2027(USD Billion)(Tons) 

11. Global Industrial Filtration Aramid Fibre Market, By Region, 2017–2027(USD Billion)(Tons) 

12. Global Tyre Enforcement Aramid Fibre Market, By Region, 2017–2027(USD Billion)(Tons) 

13. Global Others Aramid Fibre Market, By Region, 2017–2027(USD Billion)(Tons) 

14. Global Aramid Fibre Market, By Region, 2017–2027(USD Billion)(Tons) 

15. Global Aramid Fibre Market, By North America, 2017–2027(USD Billion)(Tons) 

16. North America Aramid Fibre Market, By Type, 2017–2027(USD Billion)(Tons) 

17. North America Aramid Fibre Market, By Application, 2017–2027(USD Billion)(Tons) 

18. U.S. Aramid Fibre Market, By Type, 2017–2027(USD Billion)(Tons) 

19. U.S. Aramid Fibre Market, By Application, 2017–2027(USD Billion)(Tons) 

20. Canada Aramid Fibre Market, By Type, 2017–2027(USD Billion)(Tons) 

21. Canada Aramid Fibre Market, By Application, 2017–2027(USD Billion)(Tons) 

22. Mexico Aramid Fibre Market, By Type, 2017–2027(USD Billion)(Tons) 

23. Mexico Aramid Fibre Market, By Application, 2017–2027(USD Billion)(Tons) 

24. Europe Aramid Fibre Market, By Type, 2017–2027(USD Billion)(Tons) 

25. Europe Aramid Fibre Market, By Application, 2017–2027(USD Billion)(Tons) 

26. Germany Aramid Fibre Market, By Type, 2017–2027(USD Billion)(Tons) 

27. Germany Aramid Fibre Market, By Application, 2017–2027(USD Billion)(Tons) 

28. France Aramid Fibre Market, By Type, 2017–2027(USD Billion)(Tons) 

29. France Aramid Fibre Market, By Application, 2017–2027(USD Billion)(Tons) 

30. U.K. Aramid Fibre Market, By Type, 2017–2027(USD Billion)(Tons) 

31. U.K. Aramid Fibre Market, By Application, 2017–2027(USD Billion)(Tons) 

32. Italy Aramid Fibre Market, By Type, 2017–2027(USD Billion)(Tons) 

33. Italy Aramid Fibre Market, By Application, 2017–2027(USD Billion)(Tons) 

34. Spain Aramid Fibre Market, By Type, 2017–2027(USD Billion)(Tons) 

35. Spain Aramid Fibre Market, By Application, 2017–2027(USD Billion)(Tons) 

36. Asia Pacific Aramid Fibre Market, By Type, 2017–2027(USD Billion)(Tons) 

37. Asia Pacific Aramid Fibre Market, By Application, 2017–2027(USD Billion)(Tons) 

38. Japan Aramid Fibre Market, By Type, 2017–2027(USD Billion)(Tons) 

39. Japan Aramid Fibre Market, By Application, 2017–2027(USD Billion)(Tons) 

40. China Aramid Fibre Market, By Type, 2017–2027(USD Billion)(Tons) 

41. China Aramid Fibre Market, By Application, 2017–2027(USD Billion)(Tons) 

42. India Aramid Fibre Market, By Type, 2017–2027(USD Billion)(Tons) 

43. India Aramid Fibre Market, By Application, 2017–2027(USD Billion)(Tons) 

44. South America Aramid Fibre Market, By Type, 2017–2027(USD Billion)(Tons) 

45. South America Aramid Fibre Market, By Application, 2017–2027(USD Billion)(Tons) 

46. Brazil Aramid Fibre Market, By Type, 2017–2027(USD Billion)(Tons) 

47. Brazil Aramid Fibre Market, By Application, 2017–2027(USD Billion)(Tons) 

48. Middle East and Africa Aramid Fibre Market, By Type, 2017–2027(USD Billion)(Tons) 

49. Middle East and Africa Aramid Fibre Market, By Application, 2017–2027(USD Billion)(Tons) 

50. UAE Aramid Fibre Market, By Type, 2017–2027(USD Billion)(Tons) 

51. UAE Aramid Fibre Market, By Application, 2017–2027(USD Billion)(Tons) 

52. South Africa Aramid Fibre Market, By Type, 2017–2027(USD Billion)(Tons) 

53. South Africa Aramid Fibre Market, By Application, 2017–2027(USD Billion)(Tons) 

 

List of Figures 

1. Global Aramid Fibre Market Segmentation

2. Aramid Fibre Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Aramid Fibre Market Attractiveness Analysis By Type

9. Global Aramid Fibre Market Attractiveness Analysis By Application

10. Global Aramid Fibre Market Attractiveness Analysis By Region

11. Global Aramid Fibre Market: Dynamics

12. Global Aramid Fibre Market Share By Type (2020 & 2027)

13. Global Aramid Fibre Market Share By Application (2020 & 2027)

14. Global Aramid Fibre Market Share by Regions (2020 & 2027)

15. Global Aramid Fibre Market Share by Company (2019)

Research Methodology

Market research is a method of gathering, assessing and deducing data & information about a particular market. Market research is very crucial in these days. The techniques analyze about how a product/service can be offered to the market to its end-customers, observe the impact of that product/service based on the past customer experiences, and cater their needs and demands. Owing to the successful business ventures, accurate, relevant and thorough information is the base for all the organizations because market research report/study offers specific market related data & information about the industry growth prospects, perspective of the existing customers, and the overall market scenario prevailed in past, ongoing present and developing future. It allows the stakeholders and investors to determine the probability of a business before committing substantial resources to the venture. Market research helps in solving the marketing issues challenges that a business will most likely face.

Market research is valuable because of the following reasons:

  • Market research helps businesses strengthen a company’s position
  • Market research helps in minimizing the investment risks associated with the businesses in any industry vertical
  • Market research helps in identifying the potential threats and opportunities associated with the business industry
  • Market research aids in spotting the emerging trends and facilitates strategic planning in order to stay ahead in the competition

Our research report features both the aspects; qualitative and quantitative. Qualitative part provides insights about the market driving forces, potential opportunities, customer’s demands and requirement which in turn help the companies to come up with new strategies in order to survive in the long run competition. The quantitative segment offers the most credible information related to the industry. Based on the data gathering, we use to derive the market size and estimate their future growth prospects on the basis of global, region and country.

Our market research process involves with the four specific stages.

  • Data Collection
  • Data Synthesis
  • Market Deduction & Formulation
  • Data Screening & Validation

Data Collection: This stage of the market research process involves with the gathering and collecting of the market/industry related data from the sources. There are basically two types of research methods:

  • Primary Research: By conducting primary research, it involves with the two types of data gathering; exploratory and specific. Exploratory data is open-ended and helps us to define a particular problem involving surveys, and pilot study to the specific consumer group, knowing their needs and wants catering to the industry related product/service offering. Explanatory data gathering follows with the bit of unstructured way. Our analyst group leads the study by focusing on the key crowd, in this manner picking up bits of knowledge from them. In light of the points of view of the clients, this data is used to plan advertise techniques. In addition, showcase overviews causes us to comprehend the current scenario of the business. Specific data gathering on the hand, involves with the more structured and formal way. The primary research usually includes in telephonic conversations, E-mail collaborations and up close and personal meetings/interviews with the raw material suppliers, industrial wholesalers, and independent consultants/specialists. The interviews that we conduct offers important information on showcase size and industry development patterns. Our company likewise conducts interviews with the different business specialists so as to increase generally bits of knowledge of the business/showcase.
  • Secondary Research: The secondary research incorporates with the data gathering from the non-profit associations and organizations, for example, World bank, WHO, investor relations and their presentations, statistical databases, yearly(annual reports) reports, national government records, factual databases, websites, articles, white papers, press releases, blogs and others. From the annual report, we deduce an organization's income/revenue generation to comprehend the key product segment related to the market. We examine the organization sites and implement product mapping strategy which is significant for determining the segment revenue. In the product mapping technique, we choose and categorize the products offered by the companies catering to the industry specific market, derive the segment revenue for each of the organizations to get the market estimation. We also gather data & Information based on the supply and demand side of the value chain involved with the domain specific market. The supply side denotes the distributors, wholesalers, suppliers and the demand side denotes the end-consumers/customers of the value chain. The supply side of the market is analyzed by examining the product growth across industry in each of the region followed by its pricing analysis. The demand side is analyzed by the evaluating the penetration level and adoption rates of the product by referring to the historical/past data, examine the present usage and forecasting the future trends. 
  • Purchased Database: Our purchased data provides insights about the key market players/companies along with their financial analysis. Additionally, our data base also includes market related information. 
    • We also have the agreements with various reputed data providers, consultants and third party vendors who provide information which are not limited to:
      • Export & Import Data
      • Business Information related to trade and its statistics
      • Penetration level of a particular product/service based on geography mainly focusing on the unmet prerequisites of the customers.
  • In-house Library: Apart from these third-party sources, we have our in-house library of quantitative and qualitative data & information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, internal audit reports, historic databases, archives and journal publications. Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those particular cases, we utilize our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopts a robust research technique in order to deduce the market size and its estimates:
  • Examining demographic along with psychographic segmentation for market evaluation
  • Analyzing the macro and micro-economic indicators for each demography
  • Evaluating the current industry trends popular in the market.

Data Synthesis: This stage includes the evaluation and assessment of all the data acquired from the primary and secondary research. It likewise includes in evaluating the information for any disparity watched while information gathering identified with the market. The data & information is gathered with consideration to the heterogeneity of sources. Scientific and statistical methods are implemented for synthesizing dissimilar information sets and provide the relevant data which is fundamental for formulating strategies. Our organization has broad involvement with information amalgamation where the information goes through different stages:

  • Information Screening: Information screening is the way toward examining information/data gathered from the sources for errors/mistakes and amending it before data integration process. The screening includes in looking at raw information, identifying and distinguishing mistakes and managing missing information. The reason for the information screening is to ensure information is effectively entered or not. Our organization utilizes objective and precise information screening grades through repetitive quality checks.
  • Data Integration: The data integration method involves with the incorporation of numerous information streams. The data streams is important so as to deliver investigate examines that give overall market scenario to the investors. These information streams originate from different research contemplates and our in house database. After the screening of the information, our analysts conduct efficient integration of the data streams, optimizing connections between integrated surveys and syndicated data sources. There are two research approaches that we follow so as to coordinate our information; top down methodology and bottom up methodology. 
    • Top-down analysis generally refers to using broad factors as a basis for decision making. The top-down approach helps in identifying the overall market scenario along with the external and internal factors effecting the market growth.
    • The bottom-up approach takes a completely different approach. Generally, the bottom-up approach focuses its analysis on micro attributes and specific characteristics of the domain specific market.

Market Formulation & Deduction: The last stage includes assigning the data & information in a suitable way in order to derive market size. Analyst reviews and domain based opinions based on holistic approach of market estimation combined with industry investigation additionally features a crucial role in this stage.

This stage includes with the finalization of the market size and numbers that we have gathered from primary and secondary research. With the data & information addition, we ensure that there is no gap in the market information. Market trend analysis is finished by our analysts by utilizing data extrapolation procedures, which give the most ideal figures to the market.

Data Validation: Validation is the most crucial step in the process. Validation & re-validation through scientifically designed technique and process that helps us finalize data-points to be used for final calculations. This stage also involves with the data triangulation process. Data triangulation generally implicates the cross validation and matching the data which has been collected from primary and secondary research methods.

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