Aramid Fiber Market Scope And Analysis

Report Code : TIPRE00006084
Category : Chemicals and Materials

No. of Pages : 150

Buy Now

Aramid Fiber Market Analysis Report 2021 to 2022

Buy Now

Aramid Fiber Market Report Scope

Report Attribute	Details
Market size in 2022	US$ 3.61 Billion
Market Size by 2030	US$ 6.49 Billion
Global CAGR (2022 - 2030)	7.6%
Historical Data	2020-2022
Forecast period	2022-2030
Segments Covered	By Product Type Para-Aramid Fiber and Meta-Aramid Fiber By End-Use Industry Safety & Protection Equipment Aerospace Automotive Electronics & Telecommunication
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	DuPont de Nemours Inc Teijin Limited Yantai Tayho Advanced Materials Company Hyosung Corporation Toray Industries Inc Kolon Industries Huvis Corporation China National Bluestar Group Co Ltd Taekwang Industrial Co Ltd

COVID-19 Impact:

The COVID-19 pandemic adversely affected almost all industries in various countries. Lockdowns, travel restrictions, and business shutdowns in North America, Europe, Asia Pacific (APAC), South & Central America, and the Middle East & Africa (MEA) hampered the growth of several industries, including the chemical & materials industry. The shutdown of manufacturing units of aramid fibers companies disturbed global supply chains, manufacturing activities, and delivery schedules. Various companies reported delays in product deliveries and a slump in their product sales in 2020. Most industrial manufacturing facilities were shut down during the pandemic, decreasing the consumption of these fibers. In addition, the COVID-19 pandemic has caused fluctuations in aramid fiber prices. However, various industries revived their operations after supply constraints were resolved, which led to a revival of the plastic container market. Moreover, the rising demand for these fibers from the automotive industry is substantially promoting the aramid fiber market growth.

Competitive Landscape and Key Companies:

DuPont de Nemours Inc, Teijin Limited, Yantai Tayho Advanced Materials Company, Hyosung Corporation, Toray Industries Inc, Kolon Industries, Huvis Corporation, China National Bluestar (Group) Co Ltd, Taekwang Industrial Co Ltd, and Kermel SAS are among the key players operating in the global aramid fiber market. The global market players focus on providing high-quality products to fulfill customer demand.