Aramid fiber reinforcement materials are a high-end specialty synthetic product characterized by their enhanced heat resistance and ductile strength for various industrial applications, such as aerospace, defense, automotive, and optical fiber cable system. The global Aramid Fiber Reinforcement Materials market is projected to rise at a considerable rate in the forthcoming years.
Several factors such as increasing demand from the aerospace & defense sector and growing security concerns, which boost the demand for high-performance, safety supporting materials are remarkably propelled the growth of the Aramid Fiber Reinforcement Materials market. Furthermore, the rising need for materials that contribute to weight reduction and lower energy & resource consumption that improves the performance of finished products have enlarged the growth of the Aramid Fiber Reinforcement Materials market steadily.
On the other hand, the non-biodegradable nature of aramid fiber and high product costs may hamper the growth of the market during the forecast period. Nevertheless, innovation in existing technologies and the development of aramid fibers with higher strength and durability are anticipated to create several growth opportunities for key market players in the coming years.
Covid-19 Impact on Aramid Fiber Reinforcement Materials Market
The ongoing COVID-19 pandemic conditions have severely affected every sector around the world. Whereas, the chemicals and materials sectors were moderately affected during the pandemic. This is primarily due to the uncut demand for chemicals for healthcare, life science, and cleaning agents. However, other elements of chemical and material sectors such as paints, industrial oil, construction materials are facing diminution in demand. Strict lockdown resulted in a nearly 50-60% reduction in supply for raw materials, which directly affected the manufacturing process. Further, halt on many end-use industries directly affected the chemical demand all around the world
Aramid Fiber Reinforcement Materials Market Segment Overview
According to Type, the Para-Aramid Fibers segment has the largest share of the Aramid Fiber Reinforcement Materials market. This can be attributed to high tenacity, high tensile modulus, and high heat resistance of para-aramid fibers. Additionally, rising concern for the health and safety of defense personnel & industrial employees, and demand from industries such as automotive, rubber reinforcement, telecommunication, and advanced material composites propelling the market growth for para-aramid fibers.
Based on the End-Use Industry, consumer Goods is the largest segment in the market in terms of revenue, due to the growing adoption of aramid fiber reinforcement materials by the consumer goods segment and their high performance, durability, and low maintenance. Moreover, Automotive segment is estimated to be the second choice of market players due to the increasing demand for use in brake pads and other friction materials.
Aramid Fiber Reinforcement Materials Market, By Type
· Para-Aramid Fibers
· Meta-Aramid Fibers
· Others
Aramid Fiber Reinforcement Materials Market, By End-Use Industry
· Aerospace & Defense
· Automotive
· Consumer Goods
· Marine
· Others
Aramid Fiber Reinforcement Materials Market Regional Overview
In terms of region, North America commanded a major share of the global Aramid Fiber Reinforcement Materials market and is predictable to maintain its supremacy over the forecast period. This can be primarily attributed to the presence of key market players and the high demand for aramid fiber reinforcement materials from the transportation and protective clothing sector. Similarly, Asia-Pacific is projected to grow with the highest rate over the forecast period. This is due to the growth in industrialization and rise in infrastructure developmental activities, particularly in developing countries, such as China, Korea, and Japan.
Aramid Fiber Reinforcement Materials Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Aramid Fiber Reinforcement Materials Market, Key Players
· E. I. du Pont de Nemours and Company
· Kolon Industries, Inc.
· Teijin Limited
· Honeywell International Inc.
· Hyosung Corporation
· Toray Industries, Inc.
· SRO Aramid (Jiangsu) Co., Ltd.
· Yantai Tayho Advanced materials Co., Ltd
· Huvis Corporation
· Ibiden Co., Ltd.
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Aramid Fiber Reinforcement Materials Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Type
- 5.2.1. Para-Aramid Fibers
- 5.2.2. Meta-Aramid Fibers
- 5.2.3. Others
- 5.3. Market Analysis, Insights and Forecast – By End-Use Industry
- 5.3.1. Aerospace & Defense
- 5.3.2. Automotive
- 5.3.3. Consumer Goods
- 5.3.4. Marine
- 5.3.5. Others
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America, Middle East and Africa
6. North America Aramid Fiber Reinforcement Materials Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Type
- 6.2.1. Para-Aramid Fibers
- 6.2.2. Meta-Aramid Fibers
- 6.2.3. Others
- 6.3. Market Analysis, Insights and Forecast – By End-Use Industry
- 6.3.1. Aerospace & Defense
- 6.3.2. Automotive
- 6.3.3. Consumer Goods
- 6.3.4. Marine
- 6.3.5. Others
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
7. Europe Aramid Fiber Reinforcement Materials Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Type
- 7.2.1. Para-Aramid Fibers
- 7.2.2. Meta-Aramid Fibers
- 7.2.3. Others
- 7.3. Market Analysis, Insights and Forecast – By End-Use Industry
- 7.3.1. Aerospace & Defense
- 7.3.2. Automotive
- 7.3.3. Consumer Goods
- 7.3.4. Marine
- 7.3.5. Others
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. UK
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Russia
- 7.4.7. Rest of Europe
8. Asia Pacific Aramid Fiber Reinforcement Materials Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Type
- 8.2.1. Para-Aramid Fibers
- 8.2.2. Meta-Aramid Fibers
- 8.2.3. Others
- 8.3. Market Analysis, Insights and Forecast – By End-Use Industry
- 8.3.1. Aerospace & Defense
- 8.3.2. Automotive
- 8.3.3. Consumer Goods
- 8.3.4. Marine
- 8.3.5. Others
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. China
- 8.4.2. India
- 8.4.3. Japan
- 8.4.4. Australia
- 8.4.5. South East Asia
- 8.4.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Aramid Fiber Reinforcement Materials Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Type
- 9.2.1. Para-Aramid Fibers
- 9.2.2. Meta-Aramid Fibers
- 9.2.3. Others
- 9.3. Market Analysis, Insights and Forecast – By End-Use Industry
- 9.3.1. Aerospace & Defense
- 9.3.2. Automotive
- 9.3.3. Consumer Goods
- 9.3.4. Marine
- 9.3.5. Others
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. Brazil
- 9.4.2. Saudi Arabia
- 9.4.3. UAE
- 9.4.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. E. I. du Pont de Nemours and Company
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Kolon Industries, Inc.
- 10.6. Teijin Limited
- 10.7. Honeywell International Inc.
- 10.8. Hyosung Corporation
- 10.9. Toray Industries, Inc.
- 10.10. SRO Aramid (Jiangsu) Co., Ltd.
- 10.11. Yantai Tayho Advanced materials Co., Ltd
- 10.12. Huvis Corporation
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
