Aramid Fibers Market 2023 : Aramid fibers are a class of heat-resistant and strong synthetic fibers. They are used in aerospace and military applications, for ballistic-rated body armor fabric and ballistic composites, in bicycle tires, marine cordage, marine hull reinforcement, and as an asbestos substitute.
Report Overview
Due to the COVID-19 pandemic and Russia-Ukraine War Influence, the global market for Aramid Fibers estimated at US$ 4246.6 million in the year 2022, is projected to reach a revised size of US$ 5041.2 million by 2028, growing at a CAGR of 2.9% during the forecast period 2022-2028.
The USA market for Aramid Fibers is estimated to increase from $ million in 2022 to reach $ million by 2028, at a CAGR of % during the forecast period of 2023 through 2028.
The China market for Aramid Fibers is estimated to increase from $ million in 2022 to reach $ million by 2028, at a CAGR of % during the forecast period of 2023 through 2028.
The Europe market for Aramid Fibers is estimated to increase from $ million in 2022 to reach $ million by 2028, at a CAGR of % during the forecast period of 2023 through 2028.
The global key manufacturers of Aramid Fibers include Teijin Aramid, DowDuPont, Hyosung Corporation, Toray Chemical Korea, Kolon Industries, HUVIS Corporation, KERMEL, China National Bluestar (Group) and Yantai Tayho Advanced Materials, etc. In 2021, the global top five players had a share approximately % in terms of revenue.
In terms of production side, this report researches the Aramid Fibers production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Aramid Fibers by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Top Key Players:
- Teijin Aramid
- DowDuPont
- Hyosung Corporation
- Toray Chemical Korea
- Kolon Industries
- HUVIS Corporation
- KERMEL
- China National Bluestar (Group)
- Yantai Tayho Advanced Materials
Aramid Fibers Market By Applications
- Optical Fiber
- Rubber Reinforcement
- Friction Materials
- Aerospace
- Security and Protection
- Tire Reinforcement
Aramid Fibers Market By Types
- Para-aramid
- Meta-aramid
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