Global Aramid Fiber Market – Segmentation Analysis and Forecast | Technavio

LONDON–(BUSINESS WIRE)–#Fiber–The global
aramid fiber market is expected to grow to approximately USD
5,500 million by 2022, according to a new market research report by
Technavio.

Global aramid fiber market segmentation by end-user and type

Technavio’s report on the global aramid fiber market analyses the
business dimensions and presents a comprehensive breakdown in terms of
market segmentation by end-user, including automotive, aerospace and
defense, and electrical and electronics. As projected in 2017, around
40% of the market share originated from automotive. It was followed by
the aerospace and defense and electrical and electronics segments that
contributed to approximately 28% and 24% of the market share
respectively.

Based on type, the global aramid
fiber market has been segmented into meta-aramid and
para-aramid. As of 2017, around 68% of the market share came from
para-aramid. It was followed by the meta-aramid segment that contributed
to around 32% of the market share.

Para-aramid fibers are widely used in various applications such as
ballistics protection, wire and cable, protective gloves, race cars, and
hose reinforcement due to its properties such as high strength-to-weight
ratio, low elongation, dimensional stability, and good resistance to
organic solvents and abrasion. Para-aramid fibers are manufactured using
dry-jet, wet spinning method. This will form fully extended liquid
crystal chains along the fiber axis, resulting in a high degree of
crystallinity and fiber strength.

Also, para-aramid fibers are a cost-effective alternative and are
extensively used in end-user industries such as automotive, and
aerospace and defense. The increasing demand for protective apparel such
as vehicle armor and helmets is expected to fuel the demand for
para-aramid fibers during the forecast period.

“The meta-aramid fiber is used in electrical insulation and security
and protection applications. Though para-aramid fibers are widely used
in various applications, meta-aramid fibers provide better thermal and
chemical resistance, and electrical properties because of which it is a
more preferred material for electrical insulation and fire-resistant
clothing,” says a senior analyst at Technavio for textile,
fiber, and composites research.

Save more with Technavio. Buy 2 reports and
get the third for free: View Technavio’s
latest discounts and promotions

Some of the vendors in the global aramid fiber market are:

• DowDuPont
• HYOSUNG
• Kolon Industries
• TEIJIN
• TORAY INDUSTRIES
• Yantai Tayho Advanced Materials

Looking for more information on this market? Request
a free sample report

Technavio’s sample reports are free of charge and contain multiple
sections of the report including the market size and forecast, drivers,
challenges, trends, and more.

Other topics covered in the report:

Market drivers:

• Increasing demand from emerging economies
• Miniaturization of electronic components

Market challenges:

• Slower adoption in emerging applications
• High cost of development and quality maintenance

Market trends:

• Increasing investment in the defense industry
• Increasing demand for aramid fibers from the consumer electronics
  industry

Get a sample copy of the global
aramid fiber market report free of cost

Access Technavio’s continuously growing textile,
fiber, and composites research library and find expert
analysis on hundreds of markets.

About Technavio

Technavio
is a leading global technology research and advisory company. Their
research and analysis focuses on emerging market trends and provides
actionable insights to help businesses identify market opportunities and
develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists
of more than 10,000 reports and counting, covering 800 technologies,
spanning 50 countries. Their client base consists of enterprises of all
sizes, including more than 100 Fortune 500 companies. This growing
client base relies on Technavio’s comprehensive coverage, extensive
research, and actionable market insights to identify opportunities in
existing and potential markets and assess their competitive positions
within changing market scenarios.

If you are interested in more information, please contact our media team
at [email protected].

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US:
+1 844 364 1100
UK: +44 203 893 3200
www.technavio.com