The global aramid fiber market size is expected to reach USD 6.8 billion by 2027, expanding at a revenue-based CAGR of 8.2% during the forecast period, according to a new report by Radiant Insights, Inc. Superior properties such as strength and heat-resistance of aramid fiber has promoted its utilization in production of body armor fabric.
Growing need for security and protection measures across various industries such as mining, healthcare/medical, oil and gas, building and construction, and military is projected to propel market growth. In addition, stringent regulations in developing economies related to occupational safety are likely to benefit market growth over the forecast period.
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Aramids fibers are being increasingly used as an alternative to metal wire and organic fiber in structural composite applications in aerospace and marine sectors, and ropes for oil rigs in offshore locations. In addition, product benefits such as non-aggressive wear and tear on drums and discs and fade resistance is anticipated to propel its usage.
The manufacturing process involves use of a number of high cost chemicals, which elevates its production cost. In addition, huge capital investment in machinery and production process is anticipated to pose a threat to the growth of the aramid fiber market. However, the development of cost beneficial production facilities is anticipated to benefit market growth.
Further key findings from the report suggest:
• Para-aramid fiber accounted for a market share of 75.6% in 2019, owing to its properties such as excellent strength-to-weight ratio coupled with superior chemical resistance
• The security and protection application segment dominated the market in 2019 and is estimated to generate revenue of USD 2.6 billion by 2027, owing to growing concern regarding protection of personnel in military and industrial sectors
• The market in Asia-Pacific is anticipated to exhibit a revenue-based CAGR of 9.1% from 2020 to 2027 on account of growing need for security and protection measures across military and defense and medical industry
• The U.S. market is projected to witness strong growth over the forecast period and reach a market value of USD 1.4 billion in 2027 on account of increasing demand for personal protective equipment
• China was the largest market in Asia Pacific in 2018 on account of the expansion of automotive industries and increasing demand for personal protective equipment.
Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/aramid-fiber-market
Table of Contents
Chapter 1. Methodology and Scope
1.1. Research methodology
1.2. Research scope & assumptions
1.3. List of data sources
Chapter 2. Executive Summary
2.1. Aramid fiber market snapshot
Chapter 3. Aramid Fiber Market Variables, Trends, & Scope
3.1. Market segmentation and scope
3.2. Penetration and growth prospect mapping
3.3. Value chain analysis
3.3.1. Raw material analysis
3.3.2. Technology overview
3.3.2.1. Hand lay-up:
3.3.2.2. Vacuum bagging:
3.3.2.3. Vacuum Infusion:
3.4. Aramid Fiber Price Trend Analysis, 2016 - 2027
3.5. Regulatory Framework
3.5.1. Defense Acquisition Regulations System
3.5.2. Health and Safety Executive (HSE)
3.5.3. The European Parliament And The Council of The European Union
3.6. Aramid fiber market dynamics
3.6.1. Market driver analysis
3.6.1.1. Rising demand for Security & Protective Equipment
3.6.1.2. Latent substitute for steel and asbestos
3.6.2. Market restraint analysis
3.6.2.1. High Manufacturing cost
3.7. Aramid fiber market - Porter’s analysis
3.7.1. Supplier Power
3.7.2. Buyer Power
3.7.3. Substitution Threat
3.7.4. Threat from New Entrant
3.7.5. Competitive Rivalry
3.8. Aramid fiber market - PESTEL analysis
3.8.1. Political Landscape
3.8.2. Environmental Landscape
3.8.3. Social Landscape
3.8.4. Technology Landscape
3.8.5. Economic Landscape
3.8.6. Legal Landscape
Chapter 4. Aramid Fiber Market: Product Estimates & Analysis
4.1. Aramid fiber market: Product movement analysis, 2019 & 2027
4.2. Para-aramid
4.2.1. Market estimates and forecasts, 2016 - 2027 (Tons) (USD Million)
4.3. Meta-aramid
4.3.1. Market estimates and forecasts, 2016 - 2027 (Tons) (USD Million)
Continued…
Read all Reports of this category @ https://www.radiantinsights.com/catalog/materials
About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assists and facilitate organizations and individuals procure market research reports, helping them in the decisions making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Phone: (415) 349-0054
Toll Free: 1-888-928-9744
Address: 201 Spear Street 1100, Suite 3036,
City: San Francisco; State: California; Country: United States
Email: sales@radiantinsights.com
Website: https://www.radiantinsights.com/
Growing need for security and protection measures across various industries such as mining, healthcare/medical, oil and gas, building and construction, and military is projected to propel market growth. In addition, stringent regulations in developing economies related to occupational safety are likely to benefit market growth over the forecast period.
Download Free Sample Report @ https://www.radiantinsights.com/research/aramid-fiber-market/request-sample
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| Aramid Fiber Market |
Aramids fibers are being increasingly used as an alternative to metal wire and organic fiber in structural composite applications in aerospace and marine sectors, and ropes for oil rigs in offshore locations. In addition, product benefits such as non-aggressive wear and tear on drums and discs and fade resistance is anticipated to propel its usage.
The manufacturing process involves use of a number of high cost chemicals, which elevates its production cost. In addition, huge capital investment in machinery and production process is anticipated to pose a threat to the growth of the aramid fiber market. However, the development of cost beneficial production facilities is anticipated to benefit market growth.
Further key findings from the report suggest:
• Para-aramid fiber accounted for a market share of 75.6% in 2019, owing to its properties such as excellent strength-to-weight ratio coupled with superior chemical resistance
• The security and protection application segment dominated the market in 2019 and is estimated to generate revenue of USD 2.6 billion by 2027, owing to growing concern regarding protection of personnel in military and industrial sectors
• The market in Asia-Pacific is anticipated to exhibit a revenue-based CAGR of 9.1% from 2020 to 2027 on account of growing need for security and protection measures across military and defense and medical industry
• The U.S. market is projected to witness strong growth over the forecast period and reach a market value of USD 1.4 billion in 2027 on account of increasing demand for personal protective equipment
• China was the largest market in Asia Pacific in 2018 on account of the expansion of automotive industries and increasing demand for personal protective equipment.
Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/aramid-fiber-market
Table of Contents
Chapter 1. Methodology and Scope
1.1. Research methodology
1.2. Research scope & assumptions
1.3. List of data sources
Chapter 2. Executive Summary
2.1. Aramid fiber market snapshot
Chapter 3. Aramid Fiber Market Variables, Trends, & Scope
3.1. Market segmentation and scope
3.2. Penetration and growth prospect mapping
3.3. Value chain analysis
3.3.1. Raw material analysis
3.3.2. Technology overview
3.3.2.1. Hand lay-up:
3.3.2.2. Vacuum bagging:
3.3.2.3. Vacuum Infusion:
3.4. Aramid Fiber Price Trend Analysis, 2016 - 2027
3.5. Regulatory Framework
3.5.1. Defense Acquisition Regulations System
3.5.2. Health and Safety Executive (HSE)
3.5.3. The European Parliament And The Council of The European Union
3.6. Aramid fiber market dynamics
3.6.1. Market driver analysis
3.6.1.1. Rising demand for Security & Protective Equipment
3.6.1.2. Latent substitute for steel and asbestos
3.6.2. Market restraint analysis
3.6.2.1. High Manufacturing cost
3.7. Aramid fiber market - Porter’s analysis
3.7.1. Supplier Power
3.7.2. Buyer Power
3.7.3. Substitution Threat
3.7.4. Threat from New Entrant
3.7.5. Competitive Rivalry
3.8. Aramid fiber market - PESTEL analysis
3.8.1. Political Landscape
3.8.2. Environmental Landscape
3.8.3. Social Landscape
3.8.4. Technology Landscape
3.8.5. Economic Landscape
3.8.6. Legal Landscape
Chapter 4. Aramid Fiber Market: Product Estimates & Analysis
4.1. Aramid fiber market: Product movement analysis, 2019 & 2027
4.2. Para-aramid
4.2.1. Market estimates and forecasts, 2016 - 2027 (Tons) (USD Million)
4.3. Meta-aramid
4.3.1. Market estimates and forecasts, 2016 - 2027 (Tons) (USD Million)
Continued…
Read all Reports of this category @ https://www.radiantinsights.com/catalog/materials
About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assists and facilitate organizations and individuals procure market research reports, helping them in the decisions making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Phone: (415) 349-0054
Toll Free: 1-888-928-9744
Address: 201 Spear Street 1100, Suite 3036,
City: San Francisco; State: California; Country: United States
Email: sales@radiantinsights.com
Website: https://www.radiantinsights.com/
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