Aramid Fibers Market to Reflect Tremendous Growth Potential with A CAGR of 6% BY 2032

0
323

According to the latest report by Reports and Data, the global aramid fibers market is expected to reach a size of USD 6.76 Billion by 2032, with a revenue CAGR of 6% over the forecast period. The growth is being driven by several factors, including the increasing demand for lightweight materials for personnel protection equipment and the production of stab-resistant and bullet-proof products such as gloves, helmets, and clothing material. The market is also being fueled by the growing industrialization and urbanization worldwide, as aramid fiber is being used as an asbestos and steel substitute for new infrastructure projects.

The use of aramid fibers is also increasing in the aerospace, defense, automotive, and construction industries, as it provides both corrosion and impact resistance. It also offers temperature stability and improved vision systems. The report highlights the para-aramid fiber segment as a significant revenue growth rate over the forecast period, due to its use in protective apparel, tires, rubber goods, fiber-optic cable tension members, friction material, and construction reinforcement among others. The security and protection segment is also expected to register a significant revenue growth rate due to its unique set of qualities that cause these fibers to thicken when exposed to extreme heat.

Get a sample copy of the aramid fibers market report: https://www.reportsanddata.com/download-free-sample/1179

The report notes that the automotive segment accounted for the largest revenue share in the aramid fibers market in 2020. Aramid fibers are utilized in the production of tires reinforcement materials, powertrain components, turbocharger hoses, brake pads, belts, gaskets, seat textiles, clutches, electronics, seat sensors, and hybrid motor materials in the automobile industry. The market in Europe is expected to register the highest revenue share in the global aramid fibers market during the forecast period, driven by the presence of large manufacturing organizations, expanding end-use industries, and the rise of the automotive industries.

Companies profiled in the market report include DuPont, Toray Industries, Inc., Hyosung Corporation, Kolon Industries Inc., China National Bluestar (Group) Co. Ltd, Teijin Limited, Kermel, Ibiden Co., Ltd., SRO Aramid (Jiangsu) Co., Ltd., and Yantai Tayho Advanced Materials Co., Ltd.

The report segments the global aramid fibers market based on type, spinning process, application, end-use, and region, with para-aramid fiber, wet spinning, security and protection, aerospace and defense, and North America being some of the key highlights.

Aramid Fibers Market: Drive Factors

The aramid fibers market is being driven by several factors. One of the key drivers is the growing demand from industries such as automotive, aerospace, defense, and construction. Another factor is the increasing need for lightweight materials for protective equipment that can safeguard people from thermal, physical, electrical, and biological dangers. Aramid fibers are also widely used for the production of stab-resistant and bullet-proof products such as gloves, helmets, and clothing materials.

The market is also being boosted by the growing trend of industrialization and urbanization worldwide. As more people migrate to urban areas, there is a higher demand for aramid fibers as a substitute for asbestos and steel. This trend is leading to the construction of new infrastructure projects, which is further fueling market growth.

In addition to these drivers, significant research and development efforts and growing applications in the optical fiber industry are expected to drive the market's revenue growth over the forecast period. Moreover, the aramid fibers are being utilized for structural applications in various types of aircraft, including spacecraft, hot air balloons, passenger airlines, fighter planes, and space shuttles. The use of aramid fibers in airplanes is growing, as it provides both corrosion and impact resistance, temperature stability, as well as improved vision systems.

Explore Trending Reports:

Honeycomb Core Materials Market-https://bhagyashrishewale.blogspot.com/2023/06/honeycomb-core-materials-market-size-to.html

Ammonium Sulfate Market-https://bhagyashrishewale.blogspot.com/2023/06/ammonium-sulfate-market-revenue-to.html

Printed Tape Market-https://bhagyashrishewale.blogspot.com/2023/06/printed-tape-market-size-is-projected.html

Limestone Market -https://bhagyashrishewale.blogspot.com/2023/06/limestone-market-size-worth-usd-998.html

Request a customization of the report: https://www.reportsanddata.com/request-customization-form/1179

Thank you for reading our report. To know more about the customization or any query about the report contents, please connect with us and our team will ensure the report is tailored to meet your requirements.

About Reports and Data    

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behaviour shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

Contact Us:

John W

(Head of Business Development)

Reports and Data | Web: www.reportsanddata.com

Direct Line: +1-212-710-1370

E-mail: sales@reportsanddata.com

Blogs | Press Release | Industry News | Our competencies

Browse More Upcoming Reports @ https://www.reportsanddata.com/upcoming-reports

Browse More Latest Reports @ https://www.reportsanddata.com/report

Browse Latest Blogs: https://www.reportsanddata.com/blogs

Browse Latest Press Release: https://www.reportsanddata.com/press-release

Căutare
Categorii
Citeste mai mult
Alte
Specialty Papers Market Overview, Merger and Acquisitions, Drivers, Restraints, and Industry Forecast
Market Review The specialty paper market is expected to be US$15,825.40 million by 2030, with a...
By Christian Johnson 2023-02-17 12:40:07 0 25
Jocuri
Lightning/Death Sentry Assassin (Trapsin) Build for Diablo 2 Resurrected
Edited by MMOTWS for d2r ladder runes The Trapsin Assassin is a crowd-controlling expert who...
By Drave Dove 2023-02-24 02:53:24 0 51
Alte
Metal Recycling Market size Future Business Opportunities 2023-2030 
The trend of metal recycling is consolidating across the globe and Market Research Future (MRFR),...
By Santosh Autade 2023-04-04 06:40:46 0 27
Alte
Hexane Market Projected to Gain Significant Value through -2030 - MRFR Study
The hexane market is expected to grow at a CAGR of 3.2% during the hexane market forecast period....
By Maxjoy Joy 2023-03-24 14:08:24 0 28
Alte
Cross-Linked Polyethylene Market Trend Scenario and Growth Strategies Analysis till 2027
The growing demand for Cross-linked Polyethylene in the wires and cables applications, along with...
By Shaw Melody 2023-04-18 06:25:12 0 33