Aramid Fiber Market

Aramid Fiber Market by Type (Para-Aramid Fiber, Meta-Aramid Fiber), Application (Security & Protection, Frictional Materials, Industrial Filtration, Optical Fibers, Rubber Reinforcement, Tire Reinforcement), Region - Global Forecast to 2026

Report Code: CH 2731 Nov, 2021, by marketsandmarkets.com

[239 Pages Report] The aramid fiber market size is estimated to be USD 3.9 billion in 2021 and is projected to reach USD 6.3 billion by 2026, at a CAGR of 9.7% between 2021 and 2026. The increased demand for lightweight and flexible materials from the automotive and military & defense industries for various applications is driving the market. Furthermore, the regulations relating to reducing carbon emissions compel several industry players to look for alternative materials that are lightweight, strong, and fuel-efficient. This is expected to drive the aramid fiber market further during the forecast period. On the contrary, the high R&D costs and the non-biodegradable nature of aramid fibers are restraining the market growth. Europe is the key market for aramid fiber globally, followed by North America and, APAC in terms of value.

Aramid Fiber Market

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Impact of COVID-19 on Aramid fiber Market

The global pandemic has affected almost every sector in the world. The aramid fiber market is moderately affected due to disruptions in the global supply chain and the hindrance in the refining and petrochemicals activities, which constitutes the major end-users of aramid fiber. The market is highly dependent on the oil & gas, automotive, chemical and telecommunication industries.

Covid-19 outbreak has moderately impacted business and consumer sentiment across key global markets, leading to refining & petrochemical and power generation sectors recording significant decline. Though the market is slowly recovering, it will take a while before chemical and petrochemical sectors return to a stable growth trajectory. Growth is expected in refining and petrochemical to bounce back faster than construction and power generation segments. Marine & automotive segments are expected to witness a slow recovery as collapsed demand will take 6-8 quarters to recover completely. Power generation sector is expected to maintain growth momentum, supported by public spending.

Market Dynamics

Driver: Rising need for lightweight materials offering significant emission reduction in vehicles

According to the United States Environmental Protection Agency (EPA), a passenger vehicle emits around 4.7 metric tons of CO2 per year. Hence, governments worldwide are emphasizing on the need for stringent environmental regulations. The US EPA has regularly modified and enforced several norms for reducing vehicular emissions. Furthermore, the European Union (EU) has imposed stringent rules that are to be followed by manufacturers of passenger vehicles and light-duty vehicles under the EU light-duty vehicle CO2 regulation by 2020. As per the EU regulation, the target was to reduce CO2 emissions by 3.1% annually between 2017 and 2020. There is a mandatory CO2 emission standard for new passenger cars and light commercial vehicles, while a regulation on CO2 standards for heavy-duty vehicles was proposed in 2018. These stringent regulations are resulting in the reduction of emissions from vehicles, further driving the need for lightweight materials offering significant emission reduction in vehicles.

These regulations on reducing carbon emissions compel several industry players to opt for alternative materials that are lightweight, strong, and fuel-efficient. Therefore, several industries are replacing traditional materials, such as steel and aluminum, with advanced materials such as aramid fibers and carbon fibers to reduce weight and lower energy consumption. Aramid fibers are also used in various applications as a substitute for steel and asbestos as they help reduce the total weight of vehicles and provide extended durability. The market’s growth is further supported by the improving global economy and rising demand for lightweight vehicles.

Restraints: High R&D costs

Aramid fibers are high-performance materials used in the composites of applications that require high load-bearing capacity, high mechanical and chemical strength, excellent thermal resistance, and lightweight materials. Thus, these fibers require extensive R&D for delivering high-quality products for a wide range of applications, such as security & protection and industrial filtration. However, the R&D costs, in terms of man-hours, materials, and technology, are extremely high, which is restraining the growth of the aramid fiber market.

Opportunities: Growing aerospace and defense sector

Aramid fibers can be used for structural applications in all types of aircraft, hot air balloons, spacecraft, fighter planes, passenger airlines, and space shuttles. Due to the increase in fuel costs, commercial flights are constantly innovating to improve performance and increase fuel efficiency. Since aramid fiber is lightweight, it has been presented as an optimum solution to achieve fuel efficiency. In addition, the growing security concerns globally have seen aircraft as the preferred medium of conveyance. Consequently, the use of aramid fiber in aircraft is increasing since it offers both corrosion resistance and impact resistance. It also provides temperature stability, durability, and enhanced vision systems.

“Increasing demand for aramid fiber from lightweight and flexible materials from the automotive and military & defense industries”

The aramid fiber market is projected to reach USD 6.3 billion by 2026, at a CAGR of 9.7% from USD 3.6 billion in 2021. The increased demand for lightweight and flexible materials from the automotive and military & defense industries for various applications is driving the market. Furthermore, the regulations relating to reducing carbon emissions compel several industry players to look for alternative materials that are lightweight, strong, and fuel-efficient. This is expected to drive the aramid fiber market further during the forecast period. On the contrary, the high R&D costs and the non-biodegradable nature of aramid fibers are restraining the market growth.

“The para-aramid fiber is the largest type of aramid fiber for aramid fiber market in 2020”

Para-aramid fiber is primarily used in security & protection applications. The increased need for protective clothing in the military and industrial sectors is estimated to drive the para-aramid fiber market. However, meta-aramid fiber is estimated to witness substantial growth during the forecast period because of its increased usage in industrial filtration applications.

“Security & protection is estimated to be the largest application of aramid fiber market between 2021 and 2026”

The security & protection application segment led the market in 2020. It is projected to maintain its leading position until 2026 because of the increasing demand from emerging economies such as China, Brazil, and India. They are primarily used for military, industrial, and civil purposes—the need for thermal and ballistic protection is rising in civil law enforcement and armed forces owing to increasing insurgency and terrorism.

“Europe is expected to be the largest aramid fiber market during the forecast period, in terms of value”

Europe is the largest market for aramid fiber. Stringent safety regulations within industries such as oil & gas, construction, aluminum, and steel are fueling the demand for protective clothing, which is driving the aramid fiber market in Europe. Additionally, friction materials are required for high-end automotive as well as in other industrial sectors that also contribute to the growing aramid fiber market in the region. Most key players operating in the aramid fiber market have their production capacities in APAC since the region’s production cost is lower than that in other regions.

Major player in Europe is Kermel (France). The demand for aramid fiber is growing, especially in North America and APAC. Thus, the markets in these regions are expected to register higher growth in comparison to other region.

Aramid Fiber Market by Region

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North America is estimated to be the second-largest aramid fiber market during the forecast period.

North America has flourished due to the growth of economies such as the US, Canada, and Mexico. These countries are strongly integrated through the North American Free Trade Agreement (NAFTA), owing to which trade in these countries has increased exponentially in the past 20 years and has accelerated their economic growth. Moreover, the US and Canada are interconnected through Original Equipment Manufacturers (OEMs) and automotive parts businesses engaged in the manufacturing and assembling of automobiles.

North America has a few of the largest aramid fiber market players such as DuPont De Numerous, Inc., etc.

Aramid Fiber Market by Region

Key Market Players

The key market players profiled in the report include Teijin Ltd. (Japan), DuPont De Numerous, Inc. (US), Yantai Tayho Advanced Materials Co., Ltd. (China), Hyosung Corp. (South Korea), Toray Industries, Inc. (Japan), Kolon Industries Inc. (South Korea), Huvis Corporation (South Korea), Kermel (France), China National Bluestar (Group) Co., Ltd. (China), and SRO Aramid (Jiangsu) Co. Ltd. (China).

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Scope of the Report

Report Metric

Details

  • Years considered for the study
  • 2016-2026
  • Base Year
  • 2020
  • Forecast period
  • 2021–2026
  • Units considered
  • Value (USD Million) and Volume (Ton)
  • Segments
  • Type, Application, and Region
  • Regions
  • APAC, North America, Europe, Middle East & Africa, and South America
  • Companies
  • Teijin Ltd. (Japan), DuPont De Numerous, Inc. (US), Yantai Tayho Advanced Materials Co., Ltd. (China), Hyosung Corp. (South Korea), Toray Industries, Inc. (Japan), Kolon Industries Inc. (South Korea), Huvis Corporation (South Korea), Kermel (France), China National Bluestar (Group) Co., Ltd. (China), and SRO Aramid (Jiangsu) Co. Ltd. (China)

This report categorizes the global aramid fiber market based on type, application, and region.

On the basis of Type, the aramid fiber market has been segmented as follows:

  • Para-aramid fiber
  • Meta-aramid fiber

On the basis of application, the aramid fiber market has been segmented as follows:

  • Security & Protection
  • Frictional Materials
  • Industrial Filtration
  • Optical Fibers
  • Rubber Reinforcement
  • Tire Reinforcement
  • Electrical Insulation
  • Others

On the basis of region, the aramid fiber market has been segmented as follows:

  • APAC
  • Europe
  • North America
  • Middle East & Africa
  • South America

Recent Developments

  • In 2020,  Teijin Ltd. developed high-performance para-aramid fibers with green raw material. These fibers are used in diverse applications, including car tires, airfreight containers, and protective clothing.
  • In 2020, DuPont introduced a new development—DuPont Kevlar MicroCore—a unique, high-temperature-resistant, superfine fiber material for use in battery separators to help address the growing demand for safer, higher-performing lithium-ion batteries for electric vehicles (EVs).

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 23)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
           1.2.1 ARAMID FIBER MARKET: INCLUSIONS AND EXCLUSIONS
           1.2.2 ARAMID FIBER MARKET: DEFINITION AND INCLUSIONS,  BY TYPE
           1.2.3 ARAMID FIBER MARKET: DEFINITION AND INCLUSIONS,  BY APPLICATION
    1.3 MARKET SCOPE
           1.3.1 ARAMID FIBER MARKET SEGMENTATION
           1.3.2 REGIONS COVERED
           1.3.3 YEARS CONSIDERED FOR THE STUDY
    1.4 CURRENCY
    1.5 UNITS CONSIDERED
    1.6 STAKEHOLDERS
    1.7 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 29)
    2.1 RESEARCH DATA
           FIGURE 1 ARAMID FIBER MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
           2.1.2 PRIMARY DATA
                    2.1.2.1 Primary interviews – demand and supply sides
                    2.1.2.2 Key industry insights
                    2.1.2.3 Breakdown of primary interviews
    2.2 MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
                    FIGURE 2 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE)
                    FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 BOTTOM-UP (SUPPLY SIDE): COLLECTIVE REVENUE OF ALL PRODUCTS
                    FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 –  BOTTOM-UP (DEMAND SIDE)
           2.2.2 TOP-DOWN APPROACH
                    FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 3 – TOP-DOWN
    2.3 DATA TRIANGULATION
           FIGURE 6 ARAMID FIBER MARKET: DATA TRIANGULATION
    2.4 GROWTH RATE ASSUMPTIONS / GROWTH FORECAST
           2.4.1 SUPPLY SIDE
                    FIGURE 7 MARKET CAGR PROJECTIONS FROM SUPPLY SIDE
           2.4.2 DEMAND SIDE
                    FIGURE 8 MARKET GROWTH PROJECTIONS FROM DEMAND-SIDE DRIVERS  AND OPPORTUNITIES
    2.5 FACTOR ANALYSIS
    2.6 ASSUMPTIONS
    2.7 LIMITATIONS
    2.8 RISK ASSESSMENT
           TABLE 1 ARAMID FIBER MARKET: RISK ASSESSMENT

3 EXECUTIVE SUMMARY (Page No. - 41)
    FIGURE 9 OPTICAL FIBERS TO HAVE HIGHEST CAGR IN ARAMID FIBER MARKET DURING FORECAST PERIOD
    FIGURE 10 PARA-ARAMID FIBER TO LEAD ARAMID FIBER MARKET DURING FORECAST PERIOD
    FIGURE 11 EUROPE ACCOUNTED FOR LARGEST SHARE OF ARAMID FIBER MARKET IN 2020

4 PREMIUM INSIGHTS (Page No. - 45)
    4.1 ATTRACTIVE OPPORTUNITIES IN ARAMID FIBER MARKET
           FIGURE 12 APAC TO LEAD ARAMID FIBER MARKET DURING FORECAST PERIOD
    4.2 ARAMID FIBER MARKET, BY REGION
           FIGURE 13 APAC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
    4.3 APAC: ARAMID FIBER MARKET, BY APPLICATION AND  COUNTRY, 2020
           FIGURE 14 CHINA LED ARAMID FIBER MARKET IN APAC IN 2020
    4.4 ARAMID FIBER MARKET SIZE, BY APPLICATION VS. REGION
           FIGURE 15 SECURITY & PROTECTION APPLICATIONS DOMINATED AMONG ARAMID FIBER APPLICATIONS IN 2020
    4.5 ARAMID FIBER MARKET, BY KEY COUNTRIES
           FIGURE 16 INDIA TO REGISTER HIGHEST CAGR BETWEEN 2021 AND 2026

5 MARKET OVERVIEW (Page No. - 48)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 17 OVERVIEW OF FACTORS GOVERNING ARAMID FIBER MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Increasing demand for lightweight materials in security & protection applications
                    5.2.1.2 Rising need for lightweight materials offering significant emission reduction in vehicles
                    5.2.1.3 Potential substitute for steel and asbestos
           5.2.2 RESTRAINTS
                    5.2.2.1 High R&D costs
                    5.2.2.2 Non-biodegradable nature of aramid fibers
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Increasing demand for homeland security
                    5.2.3.2 Growing aerospace and defense sector
                    5.2.3.3 Advancements in aramid materials manufacturing technology
           5.2.4 CHALLENGES
                    5.2.4.1 High cost of production
                    5.2.4.2 Available alternatives with similar properties
    5.3 PORTER’S FIVE FORCES ANALYSIS
           FIGURE 18 ARAMID FIBER MARKET: PORTER’S FIVE FORCES ANALYSIS
           TABLE 2 ARAMID FIBER MARKET: PORTER’S FIVE FORCES ANALYSIS
           5.3.1 THREAT OF NEW ENTRANTS
           5.3.2 THREAT OF SUBSTITUTES
           5.3.3 BARGAINING POWER OF SUPPLIERS
           5.3.4 BARGAINING POWER OF BUYERS
           5.3.5 INTENSITY OF COMPETITIVE RIVALRY
    5.4 SUPPLY CHAIN ANALYSIS
           FIGURE 19 ARAMID FIBER MARKET: SUPPLY CHAIN
           5.4.1 RAW MATERIALS
           5.4.2 ARAMID FIBER MANUFACTURERS
           5.4.3 DISTRIBUTION TO END-USE INDUSTRIES
    5.5 ARAMID FIBER MARKET: REALISTIC, PESSIMISTIC, OPTIMISTIC, AND NON-COVID-19 SCENARIOS
           FIGURE 20 MARKET SIZE UNDER REALISTIC, PESSIMISTIC, OPTIMISTIC, AND  NON-COVID-19 SCENARIOS
           TABLE 3 ARAMID FIBER MARKET FORECAST SCENARIO, 2019–2026 (USD MILLION)
           5.5.1 NON-COVID-19 SCENARIO
           5.5.2 OPTIMISTIC SCENARIO
           5.5.3 PESSIMISTIC SCENARIO
           5.5.4 REALISTIC SCENARIO
    5.6 TECHNOLOGY ANALYSIS
    5.7 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS
           5.7.1 REVENUE SHIFTS AND REVENUE POCKETS FOR ARAMID FIBER MANUFACTURERS
                    FIGURE 21 REVENUE SHIFT FOR ARAMID FIBER MARKET
    5.8 ECOSYSTEM/MARKET MAP
           FIGURE 22 ARAMID FIBER MARKET: ECOSYSTEM
           TABLE 4 ARAMID FIBER MARKET: SUPPLY CHAIN
    5.9 CASE STUDIES
           5.9.1 A CASE STUDY ON ARAMID FIBER USED FOR LIGHTWEIGHT PROTECTIVE RACING SUITS
           5.9.2 A CASE STUDY ON ARAMID FIBER USED FOR FLAME-RESISTANT COMFORT WEAR
    5.10 TARIFF AND REGULATORY LANDSCAPE
           5.10.1 GLOBAL REGULATORY FRAMEWORK AND ITS IMPACT ON ARAMID FIBER MARKET
                    5.10.1.1 REACH
                    5.10.1.2 EPA
                    5.10.1.3 NFPA
    5.11 MACROECONOMIC INDICATORS
           5.11.1 GDP TRENDS AND FORECASTS OF MAJOR ECONOMIES
                    TABLE 5 GDP TRENDS AND FORECAST, BY MAJOR ECONOMY, 2018 – 2026 (USD BILLION)
    5.12 TRADE DATA
           5.12.1 IMPORT SCENARIO OF ARAMID FIBERS
                    FIGURE 23 ARAMID FIBERS IMPORTS, BY KEY COUNTRIES, 2016–2019
                    TABLE 6 ARAMID FIBERS IMPORTS, BY REGION, 2016–2019 (USD THOUSAND)
           5.12.2 EXPORT SCENARIO OF ARAMID FIBERS
                    FIGURE 24 ARAMID FIBERS EXPORTS, BY KEY COUNTRIES, 2016–2019
                    TABLE 7 ARAMID FIBERS EXPORTS, BY REGION, 2016–2019 (USD THOUSAND)
    5.13 AVERAGE SELLING PRICE
                    FIGURE 25 AVERAGE SELLING PRICE OF ARAMID FIBER, BY REGION, 2016–2019 (USD/KG)
    5.14 COVID-19 IMPACT
           5.14.1 INTRODUCTION
           5.14.2 COVID-19 HEALTH ASSESSMENT
                    FIGURE 26 COUNTRY-WISE SPREAD OF COVID-19
           5.14.3 COVID-19 ECONOMIC ASSESSMENT
                    FIGURE 27 REVISED GDP FORECASTS FOR SELECT G20 COUNTRIES IN 2021
                    5.14.3.1 COVID-19 Impact on Economy—Scenario Assessment
                               FIGURE 28 FACTORS IMPACTING GLOBAL ECONOMY
                               FIGURE 29 SCENARIOS OF COVID-19 IMPACT
    5.15 PATENT ANALYSIS
           5.15.1 APPROACH
           5.15.2 DOCUMENT TYPE
                    FIGURE 30 PATENTS REGISTERED FOR ARAMID FIBER, 2010–2020
                    FIGURE 31 PATENTS PUBLICATION TRENDS FOR ARAMID FIBER, 2010–2020
           5.15.3 LEGAL STATUS OF THE PATENTS
                    FIGURE 32 LEGAL STATUS OF PATENTS FILED FOR ARAMID FIBER
           5.15.4 JURISDICTION ANALYSIS
                    FIGURE 33 MAXIMUM PATENTS FILED BY COMPANIES IN CHINA
           5.15.5 TOP APPLICANTS
                    FIGURE 34 KOLON INDUSTRIES INC. REGISTERED MAXIMUM NUMBER OF PATENTS BETWEEN 2010 AND 2020
                    TABLE 8 TOP 10 PATENT OWNERS (US) IN LAST 11 YEARS

6 ARAMID FIBER MARKET, BY TYPE (Page No. - 75)
    6.1 INTRODUCTION
           FIGURE 35 META-ARAMID FIBER TO GROW AT HIGHEST CAGR BETWEEN 2021 AND 2026
           TABLE 9 ARAMID FIBER MARKET SIZE, BY TYPE, 2016–2019 (TON)
           TABLE 10 ARAMID FIBER MARKET SIZE, BY TYPE, 2020–2026 (TON)
           TABLE 11 ARAMID FIBER MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION)
           TABLE 12 ARAMID FIBER MARKET SIZE, BY TYPE, 2020–2026 (USD MILLION)
    6.2 PARA-ARAMID FIBER
           6.2.1 RISING DEMAND FOR PROTECTIVE APPAREL COUPLED WITH GROWING NEED FROM AEROSPACE INDUSTRY TO DRIVE MARKET
                    TABLE 13 PARA-ARAMID FIBER MARKET SIZE, BY REGION, 2016–2019 (TON)
                    TABLE 14 PARA-ARAMID FIBER MARKET SIZE, BY REGION, 2020–2026 (TON)
                    TABLE 15 PARA-ARAMID FIBER MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 16 PARA-ARAMID FIBER MARKET SIZE, BY REGION, 2020–2026 (USD MILLION)
                    TABLE 17 PARA-ARAMID FIBER MARKET SIZE, BY APPLICATION, 2016–2019 (TON)
                    TABLE 18 PARA-ARAMID FIBER MARKET SIZE, BY APPLICATION, 2020–2026 (TON)
                    TABLE 19 PARA-ARAMID FIBER MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                    TABLE 20 PARA-ARAMID FIBER MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
    6.3 META-ARAMID FIBER
           6.3.1 GROWING DEMAND FROM TELECOMMUNICATION AND AUTOMOTIVE INDUSTRIES TO DRIVE MARKET
                    TABLE 21 META-ARAMID FIBER MARKET SIZE, BY REGION, 2016–2019 (TON)
                    TABLE 22 META-ARAMID FIBER MARKET SIZE, BY REGION, 2020–2026 (TON)
                    TABLE 23 META-ARAMID FIBER MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 24 META-ARAMID FIBER MARKET SIZE, BY REGION, 2020–2026 (USD MILLION)

7 ARAMID FIBER MARKET, BY APPLICATION (Page No. - 83)
    7.1 INTRODUCTION
           FIGURE 36 OPTICAL FIBERS SEGMENT TO REGISTER HIGHEST CAGR IN ARAMID FIBER MARKET DURING FORECAST PERIOD
           TABLE 25 ARAMID FIBER MARKET SIZE, BY APPLICATION, 2016–2019 (TON)
           TABLE 26 ARAMID FIBER MARKET SIZE, BY APPLICATION, 2020–2026 (TON)
           TABLE 27 ARAMID FIBER MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
           TABLE 28 ARAMID FIBER MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
    7.2 SECURITY & PROTECTION
           7.2.1 STRINGENT REGULATIONS ENFORCED BY GOVERNMENT AND OTHER AGENCIES IN DEVELOPED ECONOMIES TO DRIVE MARKET
                    TABLE 29 ARAMID FIBER MARKET SIZE IN SECURITY & PROTECTION, BY REGION,  2016–2019 (TON)
                    TABLE 30 ARAMID FIBER MARKET SIZE IN SECURITY & PROTECTION, BY REGION, 2020–2026 (TON)
                    TABLE 31 ARAMID FIBER MARKET SIZE IN SECURITY & PROTECTION, BY REGION,  2016–2019 (USD MILLION)
                    TABLE 32 ARAMID FIBER MARKET SIZE IN SECURITY & PROTECTION, BY REGION,  2020–2026 (USD MILLION)
    7.3 FRICTIONAL MATERIALS
           7.3.1 ADVANCEMENTS IN TECHNOLOGY IN TRANSPORTATION INDUSTRY TO DRIVE MARKET
                    TABLE 33 ARAMID FIBER MARKET SIZE IN FRICTIONAL MATERIALS, BY REGION, 2016–2019 (TON)
                    TABLE 34 ARAMID FIBER MARKET SIZE IN FRICTIONAL MATERIALS, BY REGION, 2020–2026 (TON)
                    TABLE 35 ARAMID FIBER MARKET SIZE IN FRICTIONAL MATERIALS, BY REGION,  2016–2019 (USD MILLION)
                    TABLE 36 ARAMID FIBER MARKET SIZE IN FRICTIONAL MATERIALS, BY REGION,  2020–2026 (USD MILLION)
    7.4 INDUSTRIAL FILTRATION
           7.4.1 DEMAND FOR HIGH-TEMPERATURE GAS FILTRATION TO DRIVE MARKET
                    TABLE 37 ARAMID FIBER MARKET SIZE IN INDUSTRIAL FILTRATION, BY REGION, 2016–2019 (TON)
                    TABLE 38 ARAMID FIBER MARKET SIZE IN INDUSTRIAL FILTRATION, BY REGION, 2020–2026 (TON)
                    TABLE 39 ARAMID FIBER MARKET SIZE IN INDUSTRIAL FILTRATION, BY REGION,  2016–2019 (USD MILLION)
                    TABLE 40 ARAMID FIBER MARKET SIZE IN INDUSTRIAL FILTRATION, BY REGION, 2020–2026 (USD MILLION)
    7.5 OPTICAL FIBERS
           7.5.1 RISE IN INVESTMENTS IN TELECOMMUNICATION TO DRIVE MARKET
                    TABLE 41 ARAMID FIBER MARKET SIZE IN OPTICAL FIBERS, BY REGION, 2016–2019 (TON)
                    TABLE 42 ARAMID FIBER MARKET SIZE IN OPTICAL FIBERS, BY REGION, 2020–2026 (TON)
                    TABLE 43 ARAMID FIBER MARKET SIZE IN OPTICAL FIBERS, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 44 ARAMID FIBER MARKET SIZE IN OPTICAL FIBERS, BY REGION, 2020–2026 (USD MILLION)
    7.6 RUBBER REINFORCEMENT
           7.6.1 INCREASING DEMAND FOR THERMAL STABILITY FROM AUTOMOTIVE AND INDUSTRIAL SECTORS TO DRIVE MARKET
                    TABLE 45 ARAMID FIBER MARKET SIZE IN RUBBER REINFORCEMENT, BY REGION,  2016–2019 (TON)
                    TABLE 46 ARAMID FIBER MARKET SIZE IN RUBBER REINFORCEMENT, BY REGION,  2020–2026 (TON)
                    TABLE 47 ARAMID FIBER MARKET SIZE IN RUBBER REINFORCEMENT, BY REGION,  2016–2019 (USD MILLION)
                    TABLE 48 ARAMID FIBER MARKET SIZE IN RUBBER REINFORCEMENT, BY REGION,  2020–2026 (USD MILLION)
    7.7 TIRE REINFORCEMENT
           7.7.1 DEMAND FOR HEAVY-DUTY VEHICLES AND EFFICIENT TIRES IS DRIVING MARKET
                    TABLE 49 ARAMID FIBER MARKET SIZE IN TIRE REINFORCEMENT, BY REGION, 2016–2019 (TON)
                    TABLE 50 ARAMID FIBER MARKET SIZE IN TIRE REINFORCEMENT, BY REGION, 2020–2026 (TON)
                    TABLE 51 ARAMID FIBER MARKET SIZE IN TIRE REINFORCEMENT, BY REGION,  2016–2019 (USD MILLION)
                    TABLE 52 ARAMID FIBER MARKET SIZE IN TIRE REINFORCEMENT, BY REGION,  2020–2026 (USD MILLION)
    7.8 ELECTRICAL INSULATION
           7.8.1 DEMAND FOR INSULATION IN EXTREME CONDITIONS TO DRIVE MARKET
                    TABLE 53 ARAMID FIBER MARKET SIZE IN ELECTRICAL INSULATION, BY REGION, 2016–2019 (TON)
                    TABLE 54 ARAMID FIBER MARKET SIZE IN ELECTRICAL INSULATION, BY REGION, 2020–2026 (TON)
                    TABLE 55 ARAMID FIBER MARKET SIZE IN ELECTRICAL INSULATION, BY REGION,  2016–2019 (USD MILLION)
                    TABLE 56 ARAMID FIBER MARKET SIZE IN ELECTRICAL INSULATION, BY REGION,  2020–2026 (USD MILLION)
    7.9 OTHERS
           7.9.1 DEMAND FOR HIGH-PERFORMANCE MATERIALS FROM TRANSPORTATION INDUSTRY TO DRIVE MARKET
           7.9.2 COMPOSITES
           7.9.3 AEROSPACE
           7.9.4 RECREATIONAL GOODS
           7.9.5 ROPES AND CABLES
                    TABLE 57 ARAMID FIBER MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2016–2019 (TON)
                    TABLE 58 ARAMID FIBER MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2020–2026 (TON)
                    TABLE 59 ARAMID FIBER MARKET SIZE IN OTHER APPLICATIONS, BY REGION,  2016–2019 (USD MILLION)
                    TABLE 60 ARAMID FIBER MARKET SIZE IN OTHER APPLICATIONS, BY REGION,  2020–2026 (USD MILLION)

8 ARAMID FIBER MARKET, BY REGION (Page No. - 101)
    8.1 INTRODUCTION
           FIGURE 37 APAC IS PROJECTED TO REGISTER HIGHEST CAGR IN ARAMID FIBER MARKET BETWEEN 2021 AND 2026
           TABLE 61 ARAMID FIBER MARKET SIZE, BY REGION, 2016–2019 (TON)
           TABLE 62 ARAMID FIBER MARKET SIZE, BY REGION, 2020–2026 (TON)
           TABLE 63 ARAMID FIBER MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
           TABLE 64 ARAMID FIBER MARKET SIZE, BY REGION, 2020–2026 (USD MILLION)
    8.2 APAC
           FIGURE 38 APAC MARKET SNAPSHOT: CHINA ACCOUNTED FOR LARGEST MARKET SHARE IN 2020
           8.2.1 APAC ARAMID FIBER MARKET, BY TYPE
                    TABLE 65 APAC: ARAMID FIBER MARKET SIZE, BY TYPE, 2016–2019 (TON)
                    TABLE 66 APAC: ARAMID FIBER MARKET SIZE, BY TYPE, 2020–2026 (TON)
                    TABLE 67 APAC: ARAMID FIBER MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION)
                    TABLE 68 APAC: ARAMID FIBER MARKET SIZE, BY TYPE, 2020–2026 (USD MILLION)
           8.2.2 APAC ARAMID FIBER MARKET, BY APPLICATION
                    TABLE 69 APAC: ARAMID FIBER MARKET SIZE, BY APPLICATION, 2016–2019 (TON)
                    TABLE 70 APAC: ARAMID FIBER MARKET SIZE, BY APPLICATION, 2020–2026 (TON)
                    TABLE 71 APAC: ARAMID FIBER MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                    TABLE 72 APAC: ARAMID FIBER MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
           8.2.3 APAC ARAMID FIBER MARKET, BY COUNTRY
                    TABLE 73 APAC: ARAMID FIBER MARKET SIZE, BY COUNTRY, 2016–2019 (TON)
                    TABLE 74 APAC: ARAMID FIBER MARKET SIZE, BY COUNTRY, 2020–2026 (TON)
                    TABLE 75 APAC: ARAMID FIBER MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
                    TABLE 76 APAC: ARAMID FIBER MARKET SIZE, BY COUNTRY, 2020–2026 (USD MILLION)
                    8.2.3.1 CHINA
                               8.2.3.1.1 Heavy production and consumption of composites industry to drive the market
                               TABLE 77 CHINA: ARAMID FIBER MARKET SIZE, BY APPLICATION, 2016–2019 (TON)
                               TABLE 78 CHINA: ARAMID FIBER MARKET SIZE, BY APPLICATION, 2020–2026 (TON)
                               TABLE 79 CHINA: ARAMID FIBER MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                               TABLE 80 CHINA: ARAMID FIBER MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
                    8.2.3.2 JAPAN
                               8.2.3.2.1 Growing investment in telecommunication industry and increased patent filing to support market growth
                               TABLE 81 JAPAN: ARAMID FIBER MARKET SIZE, BY APPLICATION, 2016–2019 (TON)
                               TABLE 82 JAPAN: ARAMID FIBER MARKET SIZE, BY APPLICATION, 2020–2026 (TON)
                               TABLE 83 JAPAN: ARAMID FIBER MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                               TABLE 84 JAPAN: ARAMID FIBER MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
                    8.2.3.3 INDIA
                               8.2.3.3.1 Growing FDI in manufacturing industry to support market growth
                               TABLE 85 INDIA: ARAMID FIBER MARKET SIZE, BY APPLICATION, 2016–2019 (TON)
                               TABLE 86 INDIA: ARAMID FIBER MARKET SIZE, BY APPLICATION, 2020–2026 (TON)
                               TABLE 87 INDIA: ARAMID FIBER MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                               TABLE 88 INDIA: ARAMID FIBER MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
                    8.2.3.4 SOUTH KOREA
                               8.2.3.4.1 High demand from building & construction and electronics industry to support market growth
                               TABLE 89 SOUTH KOREA: ARAMID FIBER MARKET SIZE, BY APPLICATION, 2016–2019 (TON)
                               TABLE 90 SOUTH KOREA: ARAMID FIBER MARKET SIZE, BY APPLICATION, 2020–2026 (TON)
                               TABLE 91 SOUTH KOREA: ARAMID FIBER MARKET SIZE, BY APPLICATION,  2016–2019 (USD MILLION)
                               TABLE 92 SOUTH KOREA: ARAMID FIBER MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
    8.3 EUROPE
           FIGURE 39 EUROPE MARKET SNAPSHOT: GERMANY ACCOUNTED FOR LARGEST MARKET SHARE IN 2020
           8.3.1 EUROPE ARAMID FIBER MARKET, BY TYPE
                    TABLE 93 EUROPE: ARAMID FIBER MARKET SIZE, BY TYPE, 2016–2019 (TON)
                    TABLE 94 EUROPE: ARAMID FIBER MARKET SIZE, BY TYPE, 2020–2026 (TON)
                    TABLE 95 EUROPE: ARAMID FIBER MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION)
                    TABLE 96 EUROPE: ARAMID FIBER MARKET SIZE, BY TYPE, 2020–2026 (USD MILLION)
           8.3.2 EUROPE ARAMID FIBER MARKET, BY APPLICATION
                    TABLE 97 EUROPE: ARAMID FIBER MARKET SIZE, BY APPLICATION, 2016–2019 (TON)
                    TABLE 98 EUROPE: ARAMID FIBER MARKET SIZE, BY APPLICATION, 2020–2026 (TON)
                    TABLE 99 EUROPE: ARAMID FIBER MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                    TABLE 100 EUROPE: ARAMID FIBER MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
           8.3.3 EUROPE ARAMID FIBER MARKET, BY COUNTRY
                    TABLE 101 EUROPE: ARAMID FIBER MARKET SIZE, BY COUNTRY, 2016–2019 (TON)
                    TABLE 102 EUROPE: ARAMID FIBER MARKET SIZE, BY COUNTRY, 2020–2026 (TON)
                    TABLE 103 EUROPE: ARAMID FIBER MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
                    TABLE 104 EUROPE: ARAMID FIBER MARKET SIZE, BY COUNTRY, 2020–2026 (USD MILLION)
                    8.3.3.1 GERMANY
                               8.3.3.1.1 Highly developed aerospace and automotive industries to drive market
                               TABLE 105 GERMANY: ARAMID FIBER MARKET SIZE, BY APPLICATION, 2016–2019 (TON)
                               TABLE 106 GERMANY: ARAMID FIBER MARKET SIZE, BY APPLICATION, 2020–2026 (TON)
                               TABLE 107 GERMANY: ARAMID FIBER MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                               TABLE 108 GERMANY: ARAMID FIBER MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
                    8.3.3.2 UK
                               8.3.3.2.1 Growth in automotive and chemical industries to positively influence market
                               TABLE 109 UK: ARAMID FIBER MARKET SIZE, BY APPLICATION, 2016–2019 (TON)
                               TABLE 110 UK: ARAMID FIBER MARKET SIZE, BY APPLICATION, 2020–2026 (TON)
                               TABLE 111 UK: ARAMID FIBER MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                               TABLE 112 UK: ARAMID FIBER MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
                    8.3.3.3 FRANCE
                               8.3.3.3.1 Domestic automotive industry players and demand in optical fibers to boost demand for aramid fiber market
                               TABLE 113 FRANCE: ARAMID FIBER MARKET SIZE, BY APPLICATION, 2016–2019 (TON)
                               TABLE 114 FRANCE: ARAMID FIBER MARKET SIZE, BY APPLICATION, 2020–2026 (TON)
                               TABLE 115 FRANCE: ARAMID FIBER MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                               TABLE 116 FRANCE: ARAMID FIBER MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
                    8.3.3.4 SPAIN
                               8.3.3.4.1 Strong focus on revival of the economy to propel market
                               TABLE 117 SPAIN: ARAMID FIBER MARKET SIZE, BY APPLICATION, 2016–2019 (TON)
                               TABLE 118 SPAIN: ARAMID FIBER MARKET SIZE, BY APPLICATION, 2020–2026 (TON)
                               TABLE 119 SPAIN: ARAMID FIBER MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                               TABLE 120 SPAIN: ARAMID FIBER MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
    8.4 NORTH AMERICA
           FIGURE 40 NORTH AMERICA MARKET SNAPSHOT: US ACCOUNTED  FOR LARGEST MARKET SHARE IN 2020
           8.4.1 NORTH AMERICA ARAMID FIBER MARKET, BY TYPE
                    TABLE 121 NORTH AMERICA: ARAMID FIBER MARKET SIZE, BY TYPE, 2016–2019 (TON)
                    TABLE 122 NORTH AMERICA: ARAMID FIBER MARKET SIZE, BY TYPE, 2020–2026 (TON)
                    TABLE 123 NORTH AMERICA: ARAMID FIBER MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION)
                    TABLE 124 NORTH AMERICA: ARAMID FIBER MARKET SIZE, BY TYPE, 2020–2026 (USD MILLION)
           8.4.2 NORTH AMERICA ARAMID FIBER MARKET, BY APPLICATION
                    TABLE 125 NORTH AMERICA: ARAMID FIBER MARKET SIZE, BY APPLICATION, 2016–2019 (TON)
                    TABLE 126 NORTH AMERICA: ARAMID FIBER MARKET SIZE, BY APPLICATION, 2020–2026 (TON)
                    TABLE 127 NORTH AMERICA: ARAMID FIBER MARKET SIZE, BY APPLICATION,  2016–2019 (USD MILLION)
                    TABLE 128 NORTH AMERICA: ARAMID FIBER MARKET SIZE, BY APPLICATION,  2020–2026 (USD MILLION)
           8.4.3 NORTH AMERICA ARAMID FIBER MARKET, BY COUNTRY
                    TABLE 129 NORTH AMERICA: ARAMID FIBER MARKET SIZE, BY COUNTRY, 2016–2019 (TON)
                    TABLE 130 NORTH AMERICA: ARAMID FIBER MARKET SIZE, BY COUNTRY, 2020–2026 (TON)
                    TABLE 131 NORTH AMERICA: ARAMID FIBER MARKET SIZE, BY COUNTRY,  2016–2019 (USD MILLION)
                    TABLE 132 NORTH AMERICA: ARAMID FIBER MARKET SIZE, BY COUNTRY,  2020–2026 (USD MILLION)
                    8.4.3.1 US
                               8.4.3.1.1 Heavy capital investments and development projects in automotive and defense sectors to drive market
                               TABLE 133 US: ARAMID FIBER MARKET SIZE, BY APPLICATION, 2016–2019 (TON)
                               TABLE 134 US: ARAMID FIBER MARKET SIZE, BY APPLICATION, 2020–2026 (TON)
                               TABLE 135 US: ARAMID FIBER MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                               TABLE 136 US: ARAMID FIBER MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
                    8.4.3.2 CANADA
                               8.4.3.2.1 Rise in disposable income to positively influence market
                               TABLE 137 CANADA: ARAMID FIBER MARKET SIZE, BY APPLICATION, 2016–2019 (TON)
                               TABLE 138 CANADA: ARAMID FIBER MARKET SIZE, BY APPLICATION, 2020–2026 (TON)
                               TABLE 139 CANADA: ARAMID FIBER MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                               TABLE 140 CANADA: ARAMID FIBER MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
                    8.4.3.3 MEXICO
                               8.4.3.3.1 Increasing manufacturing activities and extensive network of Free Trade Agreements (FTAS) to boost demand for aramid fiber market
                               TABLE 141 MEXICO: ARAMID FIBER MARKET SIZE, BY APPLICATION, 2016–2019 (TON)
                               TABLE 142 MEXICO: ARAMID FIBER MARKET SIZE, BY APPLICATION, 2020–2026 (TON)
                               TABLE 143 MEXICO: ARAMID FIBER MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                               TABLE 144 MEXICO: ARAMID FIBER MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
    8.5 SOUTH AMERICA
           8.5.1 SOUTH AMERICA ARAMID FIBER MARKET, BY TYPE
                    TABLE 145 SOUTH AMERICA: ARAMID FIBER MARKET SIZE, BY TYPE, 2016–2019 (TON)
                    TABLE 146 SOUTH AMERICA: ARAMID FIBER MARKET SIZE, BY TYPE, 2020–2026 (TON)
                    TABLE 147 SOUTH AMERICA: ARAMID FIBER MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION)
                    TABLE 148 SOUTH AMERICA: ARAMID FIBER MARKET SIZE, BY TYPE, 2020–2026 (USD MILLION)
           8.5.2 SOUTH AMERICA ARAMID FIBER MARKET, BY APPLICATION
                    TABLE 149 SOUTH AMERICA: ARAMID FIBER MARKET SIZE, BY APPLICATION, 2016–2019 (TON)
                    TABLE 150 SOUTH AMERICA: ARAMID FIBER MARKET SIZE, BY APPLICATION, 2020–2026 (TON)
                    TABLE 151 SOUTH AMERICA: ARAMID FIBER MARKET SIZE, BY APPLICATION,  2016–2019 (USD MILLION)
                    TABLE 152 SOUTH AMERICA: ARAMID FIBER MARKET SIZE, BY APPLICATION,  2020–2026 (USD MILLION)
           8.5.3 SOUTH AMERICA ARAMID FIBER MARKET, BY COUNTRY
                    TABLE 153 SOUTH AMERICA: ARAMID FIBER MARKET SIZE, BY COUNTRY, 2016–2019 (TON)
                    TABLE 154 SOUTH AMERICA: ARAMID FIBER MARKET SIZE, BY COUNTRY, 2020–2026 (TON)
                    TABLE 155 SOUTH AMERICA: ARAMID FIBER MARKET SIZE, BY COUNTRY,  2016–2019 (USD MILLION)
                    TABLE 156 SOUTH AMERICA: ARAMID FIBER MARKET SIZE, BY COUNTRY,  2020–2026 (USD MILLION)
                    8.5.3.1 BRAZIL
                               8.5.3.1.1 Rising demand from oil & gas and transport industries to support market growth
                               TABLE 157 BRAZIL: ARAMID FIBER MARKET SIZE, BY APPLICATION, 2016–2019 (TON)
                               TABLE 158 BRAZIL: ARAMID FIBER MARKET SIZE, BY APPLICATION, 2020–2026 (TON)
                               TABLE 159 BRAZIL: ARAMID FIBER MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                               TABLE 160 BRAZIL: ARAMID FIBER MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
    8.6 MIDDLE EAST & AFRICA
           8.6.1 MIDDLE EAST & AFRICA ARAMID FIBER MARKET, BY TYPE
                    TABLE 161 MIDDLE EAST & AFRICA: ARAMID FIBER MARKET SIZE, BY TYPE, 2016–2019 (TON)
                    TABLE 162 MIDDLE EAST & AFRICA: ARAMID FIBER MARKET SIZE, BY TYPE, 2020–2026 (TON)
                    TABLE 163 MIDDLE EAST & AFRICA: ARAMID FIBER MARKET SIZE, BY TYPE,  2016–2019 (USD MILLION)
                    TABLE 164 MIDDLE EAST & AFRICA: ARAMID FIBER MARKET SIZE, BY TYPE,  2020–2026 (USD MILLION)
           8.6.2 MIDDLE EAST & AFRICA ARAMID FIBER MARKET, BY APPLICATION
                    TABLE 165 MIDDLE EAST & AFRICA: ARAMID FIBER MARKET SIZE, BY APPLICATION,  2016–2019 (TON)
                    TABLE 166 MIDDLE EAST & AFRICA: ARAMID FIBER MARKET SIZE, BY APPLICATION,  2020–2026 (TON)
                    TABLE 167 MIDDLE EAST & AFRICA: ARAMID FIBER MARKET SIZE, BY APPLICATION,  2016–2019 (USD MILLION)
                    TABLE 168 MIDDLE EAST & AFRICA: ARAMID FIBER MARKET SIZE, BY APPLICATION,  2020–2026 (USD MILLION)
           8.6.3 MIDDLE EAST & AFRICA ARAMID FIBER MARKET, BY COUNTRY
                    TABLE 169 MIDDLE EAST & AFRICA: ARAMID FIBER MARKET SIZE, BY COUNTRY, 2016–2019 (TON)
                    TABLE 170 MIDDLE EAST & AFRICA: ARAMID FIBER MARKET SIZE, BY COUNTRY, 2020–2026 (TON)
                    TABLE 171 MIDDLE EAST & AFRICA: ARAMID FIBER MARKET SIZE, BY COUNTRY,  2016–2019 (USD MILLION)
                    TABLE 172 MIDDLE EAST & AFRICA: ARAMID FIBER MARKET SIZE, BY COUNTRY,  2020–2026 (USD MILLION)
                    8.6.3.1 SAUDI ARABIA
                               8.6.3.1.1 Heavy investments in defense sector to drive market
                               TABLE 173 SAUDI ARABIA: ARAMID FIBER MARKET SIZE, BY APPLICATION, 2016–2019 (TON)
                               TABLE 174 SAUDI ARABIA: ARAMID FIBER MARKET SIZE, BY APPLICATION, 2020–2026 (TON)
                               TABLE 175 SAUDI ARABIA: ARAMID FIBER MARKET SIZE, BY APPLICATION,  2016–2019 (USD MILLION)
                               TABLE 176 SAUDI ARABIA: ARAMID FIBER MARKET SIZE, BY APPLICATION,  2020–2026 (USD MILLION)
                    8.6.3.2 UAE
                               8.6.3.2.1 Potential foreign investors to positively influence market
                               TABLE 177 UAE: ARAMID FIBER MARKET SIZE, BY APPLICATION, 2016–2019 (TON)
                               TABLE 178 UAE: ARAMID FIBER MARKET SIZE, BY APPLICATION, 2020–2026 (TON)
                               TABLE 179 UAE: ARAMID FIBER MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                               TABLE 180 UAE: ARAMID FIBER MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)

9 COMPETITIVE LANDSCAPE (Page No. - 162)
    9.1 INTRODUCTION
    9.2 STRATEGIES ADOPTED BY KEY PLAYERS
           9.2.1 OVERVIEW OF STRATEGIES ADOPTED BY KEY MANUFACTURERS OF ARAMID FIBER
    9.3 MARKET SHARE ANALYSIS
           9.3.1 RANKING OF KEY MARKET PLAYERS, 2020
                    FIGURE 41 RANKING OF TOP FIVE PLAYERS IN ARAMID FIBER MARKET, 2020
           9.3.2 MARKET SHARE OF KEY PLAYERS
                    TABLE 181 ARAMID FIBER MARKET: DEGREE OF COMPETITION
                    FIGURE 42 DUPONT DE NUMEROUS, INC. IS THE LEADING PLAYER IN ARAMID  FIBER MARKET
                    9.3.2.1 DuPont De Numerous, Inc.
                    9.3.2.2 Teijin Ltd.
                    9.3.2.3 Kolon Industries Inc.
                    9.3.2.4 Yantai Tayho Advanced Materials Co.
                    9.3.2.5 Toray Industries, Inc.
    9.4 REVENUE ANALYSIS OF TOP 5 PLAYERS
           FIGURE 43 REVENUE ANALYSIS FOR KEY COMPANIES, 2016–2020
    9.5 COMPANY PRODUCT FOOTPRINT ANALYSIS
           FIGURE 44 ARAMID FIBER MARKET: COMPANY PRODUCT FOOTPRINT
           TABLE 182 ARAMID FIBER MARKET: TYPE FOOTPRINT
           TABLE 183 ARAMID FIBER MARKET: APPLICATION FOOTPRINT
           TABLE 184 ARAMID FIBER MARKET: COMPANY REGION FOOTPRINT
    9.6 COMPANY EVALUATION QUADRANT
           9.6.1 TERMINOLOGY/NOMENCLATURE
                    9.6.1.1 Star
                    9.6.1.2 Emerging Leader
                               FIGURE 45 COMPANY EVALUATION QUADRANT FOR ARAMID FIBER MARKET
    9.7 START-UP/SMES EVALUATION QUADRANT
           9.7.1 RESPONSIVE COMPANY
           9.7.2 DYNAMIC COMPANY
           9.7.3 STARTING BLOCK
                    FIGURE 46 START-UP/SMES EVALUATION MATRIX FOR ARAMID FIBER MARKET
    9.8 COMPETITIVE SITUATIONS AND TRENDS
           9.8.1 PRODUCT LAUNCHES
                    TABLE 185 ARAMID FIBER MARKET: PRODUCT LAUNCHES, JANUARY 2018–DECEMBER 2021
           9.8.2 DEALS
                    TABLE 186 ARAMID FIBER MARKET: DEALS, JANUARY 2018–JANUARY 2021
           9.8.3 OTHER DEVELOPMENTS
                    TABLE 187 ARAMID FIBER MARKET: EXPANSIONS, INVESTMENTS, AND INNOVATIONS, JANUARY 2018–JANUARY 2021

10 COMPANY PROFILES (Page No. - 179)
     10.1 MAJOR PLAYERS
(Business Overview, Products Key Insights, Recent Developments, MnM View)*
             10.1.1 TEIJIN LTD.
                       FIGURE 47 TEIJIN LTD.: COMPANY SNAPSHOT
                       TABLE 188 TEIJIN LTD.: BUSINESS OVERVIEW
                       TABLE 189 TEIJIN LTD.: NEW PRODUCT LAUNCH
                       TABLE 190 TEIJIN LTD.: DEALS
                       TABLE 191 TEIJIN LTD.: OTHER DEVELOPMENTS
             10.1.2 DUPONT DE NUMEROUS, INC.
                       FIGURE 48 DUPONT DE NUMEROUS, INC.: COMPANY SNAPSHOT
                       TABLE 192 DUPONT DE NUMEROUS, INC.: BUSINESS OVERVIEW
                       TABLE 193 DUPONT DE NUMEROUS, INC.: NEW PRODUCT LAUNCH
                       TABLE 194 DUPONT DE NUMEROUS, INC.: DEALS
             10.1.3 YANTAI TAYHO ADVANCED MATERIALS CO.
                       TABLE 195 YANTAI TAYHO ADVANCED MATERIALS CO.: BUSINESS OVERVIEW
             10.1.4 HYOSUNG CORP.
                       FIGURE 49 HYOSUNG CORP.: COMPANY SNAPSHOT
                       TABLE 196 HYOSUNG CORP.: BUSINESS OVERVIEW
                       TABLE 197 HYOSUNG CORP.: OTHER DEVELOPMENTS
             10.1.5 TORAY INDUSTRIES, INC.
                       FIGURE 50 TORAY INDUSTRIES, INC.: COMPANY SNAPSHOT
                       TABLE 198 TORAY INDUSTRIES, INC.: BUSINESS OVERVIEW
                       TABLE 199 TORAY INDUSTRIES, INC.: NEW PRODUCT LAUNCH
                       TABLE 200 TORAY INDUSTRIES, INC.: DEALS
             10.1.6 KOLON INDUSTRIES INC.
                       FIGURE 51 KOLON INDUSTRIES INC.: COMPANY SNAPSHOT
                       TABLE 201 KOLON INDUSTRIES INC.: BUSINESS OVERVIEW
                       TABLE 202 KOLON INDUSTRIES INC.: OTHER DEVELOPMENTS
             10.1.7 HUVIS CORPORATION
                       TABLE 203 HUVIS CORPORATION: BUSINESS OVERVIEW
             10.1.8 KERMEL
                       TABLE 204 KERMEL: BUSINESS OVERVIEW
             10.1.9 CHINA NATIONAL BLUESTAR (GROUP) CO., LTD.
                       TABLE 205 CHINA BLUESTAR (GROUP) CO., LTD.: BUSINESS OVERVIEW
             10.1.10 SRO ARAMID (JIANGSU) CO. LTD.
                       TABLE 206 SRO ARAMID (JIANGSU) CO. LTD.: BUSINESS OVERVIEW
*Details on Business Overview, Products, Key Insights, Recent Developments,  MnM View might not be captured in case of unlisted companies.
     10.2 OTHER KEY PLAYERS
             10.2.1 TAEKWANG INDUSTRIAL CO., LTD.
                       TABLE 207 TAEKWANG INDUSTRIAL CO., LTD.: COMPANY OVERVIEW
             10.2.2 ARAMID HPM, LLC
                       TABLE 208 ARAMID HPM, LLC: COMPANY OVERVIEW
             10.2.3 SHANGHAI J&S NEW MATERIALS CO., LTD.
                       TABLE 209 SHANGHAI J&S NEW MATERIALS CO., LTD.: COMPANY OVERVIEW
             10.2.4 JSC KAMENSKVOLOKNO
                       TABLE 210 JSC KAMENSKOLOKNO: COMPANY OVERVIEW
             10.2.5 YF INTERATIONAL BV
                       TABLE 211 YF INTERNATIONAL BV: COMPANY OVERVIEW
             10.2.6 LYDALL INDUSTRIAL FILTRATION AMERICAS
                       TABLE 212 LYDALL INDUSTRIAL FILTRATION AMERICAS: COMPANY OVERVIEW
             10.2.7 SUZHOU ZHAODA SPECIALY FIBER TECHNICAL CO., LTD.
                       TABLE 213 SUZHOU ZHAODA SPECIALY FIBER TECHNICAL CO., LTD.: COMPANY OVERVIEW
             10.2.8 SHENMA INDUSTRIAL CO., LTD.
                       TABLE 214 SHENMA INDUSTRIAL CO., LTD.: COMPANY OVERVIEW
             10.2.9 SINOPEC YIZHENG CHEMICAL FIBER CO., LTD.
                       TABLE 215 SINOPEC YIZHENG CHEMICAL FIBER CO., LTD.: COMPANY OVERVIEW
             10.2.10 GANGYING INDUSTRY
                       TABLE 216 GANGYING INDUSTRY: COMPANY OVERVIEW
             10.2.11 VEPLAS ADVANCED TECHNOLOGIES GROUP
                       TABLE 217 VEPLAS ADVANCED TECHNOLOGIES GROUP : COMPANY OVERVIEW
             10.2.12 PRO-SYSTEMS SPA
                       TABLE 218 PRO-SYSTEMS SPA: COMPANY OVERVIEW
             10.2.13 X-FIPER NEW MATERIAL CO., LTD.
                       TABLE 219 X-FIPER NEW MATERIAL CO., LTD.: COMPANY OVERVIEW
             10.2.14 WUXI HESHENGYUAN CARBON FIBER TECHNOLOGY CO. LTD.
                       TABLE 220 WUXI HESHENGYUAN CARBON FIBER TECHNOLOGY CO. LTD.: COMPANY OVERVIEW
             10.2.15 BARNET INTELLIGENT MATERIALS
                       TABLE 221 BARNET INTELLIGENT MATERIALS: COMPANY OVERVIEW

11 ADJACENT & RELATED MARKETS (Page No. - 207)
     11.1 INTRODUCTION
     11.2 LIMITATION
     11.3 PROTECTIVE CLOTHING MARKET
             11.3.1 MARKET DEFINITION
             11.3.2 MARKET OVERVIEW
     11.4 PROTECTIVE CLOTHING MARKET, BY REGION
               TABLE 222 PROTECTIVE CLOTHING MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
               TABLE 223 PROTECTIVE CLOTHING MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
             11.4.1 APAC
                       TABLE 224 APAC: PROTECTIVE CLOTHING MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
                       TABLE 225 APAC: PROTECTIVE CLOTHING MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)
                       TABLE 226 APAC: PROTECTIVE CLOTHING MARKET SIZE, BY MATERIAL TYPE,  2016–2019 (USD MILLION)
                       TABLE 227 APAC: PROTECTIVE CLOTHING MARKET SIZE, BY MATERIAL TYPE,  2020–2025 (USD MILLION)
                       TABLE 228 APAC: PROTECTIVE CLOTHING MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                       TABLE 229 APAC: PROTECTIVE CLOTHING MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                       TABLE 230 APAC: PROTECTIVE CLOTHING MARKET SIZE, BY END USER TYPE, 2016–2019 (USD MILLION)
                       TABLE 231 APAC: PROTECTIVE CLOTHING MARKET SIZE, BY END USER TYPE, 2020–2025 (USD MILLION)
                       TABLE 232 APAC: PROTECTIVE CLOTHING MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (USD MILLION)
                       TABLE 233 APAC: PROTECTIVE CLOTHING MARKET SIZE, BY END-USE INDUSTRY, 2020–2025 (USD MILLION)
             11.4.2 EUROPE
                       TABLE 234 EUROPE: PROTECTIVE CLOTHING MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
                       TABLE 235 EUROPE: PROTECTIVE CLOTHING MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)
                       TABLE 236 EUROPE: PROTECTIVE CLOTHING MARKET SIZE, BY MATERIAL TYPE,  2016–2019 (USD MILLION)
                       TABLE 237 EUROPE: PROTECTIVE CLOTHING MARKET SIZE, BY MATERIAL TYPE,  2020–2025 (USD MILLION)
                       TABLE 238 EUROPE: PROTECTIVE CLOTHING MARKET SIZE, BY APPLICATION,  2016–2019 (USD MILLION)
                       TABLE 239 EUROPE: PROTECTIVE CLOTHING MARKET SIZE, BY APPLICATION,  2020–2025 (USD MILLION)
                       TABLE 240 EUROPE: PROTECTIVE CLOTHING MARKET SIZE, BY END USER TYPE,  2016–2019 (USD MILLION)
                       TABLE 241 EUROPE: PROTECTIVE CLOTHING MARKET SIZE, BY END USER TYPE,  2020–2025 (USD MILLION)
                       TABLE 242 EUROPE: PROTECTIVE CLOTHING MARKET SIZE, BY END-USE INDUSTRY,  2016–2019 (USD MILLION)
                       TABLE 243 EUROPE: PROTECTIVE CLOTHING MARKET SIZE, BY END-USE INDUSTRY,  2020–2025 (USD MILLION)
             11.4.3 NORTH AMERICA
                       TABLE 244 NORTH AMERICA: PROTECTIVE CLOTHING MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
                       TABLE 245 NORTH AMERICA: PROTECTIVE CLOTHING MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)
                       TABLE 246 NORTH AMERICA: PROTECTIVE CLOTHING MARKET SIZE, BY MATERIAL TYPE, 2016–2019 (USD MILLION)
                       TABLE 247 NORTH AMERICA: PROTECTIVE CLOTHING MARKET SIZE, BY MATERIAL TYPE, 2020–2025 (USD MILLION)
                       TABLE 248 NORTH AMERICA: PROTECTIVE CLOTHING MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                       TABLE 249 NORTH AMERICA: PROTECTIVE CLOTHING MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                       TABLE 250 NORTH AMERICA: PROTECTIVE CLOTHING MARKET SIZE, BY END USER TYPE, 2016–2019 (USD MILLION)
                       TABLE 251 NORTH AMERICA: PROTECTIVE CLOTHING MARKET SIZE, BY END USER TYPE, 2020–2025 (USD MILLION)
                       TABLE 252 NORTH AMERICA: PROTECTIVE CLOTHING MARKET SIZE, BY END-USE INDUSTRY,  2016–2019 (USD MILLION)
                       TABLE 253 NORTH AMERICA: PROTECTIVE CLOTHING MARKET SIZE, BY END-USE INDUSTRY, 2020–2025 (USD MILLION)
             11.4.4 MIDDLE EAST AND AFRICA
                       TABLE 254 MIDDLE EAST & AFRICA: PROTECTIVE CLOTHING MARKET SIZE, BY COUNTRY,  2016–2019 (USD MILLION)
                       TABLE 255 MIDDLE EAST & AFRICA: PROTECTIVE CLOTHING MARKET SIZE, BY COUNTRY,  2020–2025 (USD MILLION)
                       TABLE 256 MIDDLE EAST & AFRICA: PROTECTIVE CLOTHING MARKET SIZE, BY MATERIAL TYPE, 2016–2019 (USD MILLION)
                       TABLE 257 MIDDLE EAST & AFRICA: PROTECTIVE CLOTHING MARKET SIZE, BY MATERIAL TYPE, 2020–2025 (USD MILLION)
                       TABLE 258 MIDDLE EAST & AFRICA: PROTECTIVE CLOTHING MARKET SIZE, BY APPLICATION,  2016–2019 (USD MILLION)
                       TABLE 259 MIDDLE EAST & AFRICA: PROTECTIVE CLOTHING MARKET SIZE, BY APPLICATION,  2020–2025 (USD MILLION)
                       TABLE 260 MIDDLE EAST & AFRICA: PROTECTIVE CLOTHING MARKET SIZE, BY END USER TYPE, 2016–2019 (USD MILLION)
                       TABLE 261 MIDDLE EAST & AFRICA: PROTECTIVE CLOTHING MARKET SIZE, BY END USER TYPE, 2020–2025 (USD MILLION)
                       TABLE 262 MIDDLE EAST & AFRICA: PROTECTIVE CLOTHING MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (USD MILLION)
                       TABLE 263 MIDDLE EAST & AFRICA: PROTECTIVE CLOTHING MARKET SIZE, BY END USE INDUSTRY, 2020–2025 (USD MILLION)
             11.4.5 SOUTH AMERICA
                       TABLE 264 SOUTH AMERICA: PROTECTIVE CLOTHING MARKET SIZE, BY COUNTRY,  2016–2019 (USD MILLION)
                       TABLE 265 SOUTH AMERICA: PROTECTIVE CLOTHING MARKET SIZE, BY COUNTRY,  2020–2025 (USD MILLION)
                       TABLE 266 SOUTH AMERICA: PROTECTIVE CLOTHING MARKET SIZE, BY MATERIAL TYPE,  2016–2019 (USD MILLION)
                       TABLE 267 SOUTH AMERICA: PROTECTIVE CLOTHING MARKET SIZE, BY MATERIAL TYPE,  2020–2025 (USD MILLION)
                       TABLE 268 SOUTH AMERICA: PROTECTIVE CLOTHING MARKET SIZE, BY APPLICATION,  2016–2019 (USD MILLION)
                       TABLE 269 SOUTH AMERICA: PROTECTIVE CLOTHING MARKET SIZE, BY APPLICATION,  2020–2025 (USD MILLION)
                       TABLE 270 SOUTH AMERICA: PROTECTIVE CLOTHING MARKET SIZE, BY END USER TYPE,  2016–2019 (USD MILLION)
                       TABLE 271 SOUTH AMERICA: PROTECTIVE CLOTHING MARKET SIZE, BY END USER TYPE,  2020–2025 (USD MILLION)
                       TABLE 272 SOUTH AMERICA: PROTECTIVE CLOTHING MARKET SIZE, BY END-USE INDUSTRY,  2016–2019 (USD MILLION)
                       TABLE 273 SOUTH AMERICA: PROTECTIVE CLOTHING MARKET SIZE, BY END-USE INDUSTRY,  2020–2025 (USD MILLION)

12 APPENDIX (Page No. - 233)
     12.1 DISCUSSION GUIDE
     12.2 KNOWLEDGE STORE: MARKETSANDMARKETS  SUBSCRIPTION PORTAL
     12.3 AVAILABLE CUSTOMIZATION
     12.4 RELATED REPORTS
     12.5 AUTHOR DETAILS

The study involved four major activities to estimate the market size for aramid fiber. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, the market breakdown and data triangulation procedures were used to estimate the market size of the segments and subsegments.

Secondary Research

Secondary sources used in this study included annual reports, press releases, and investor presentations of companies; white papers; certified publications; articles from recognized authors; and gold standard & silver standard websites such as Factiva, ICIS, Bloomberg, and others. Findings of this study were verified through primary research by conducting extensive interviews with key officials such as CEOs, VPs, directors, and other executives.

Primary Research

The aramid fiber market comprises several stakeholders in the value chain, which includes raw material suppliers, distributors, and end-product manufacturers. Various primary sources from the supply and demand sides of the aramid fiber market have been interviewed to obtain qualitative and quantitative information. The primary interviewees from the demand side include key opinion leaders in various end-use industries for the aramid fiber market. The primary sources from the supply side include associations and institutions involved in the aramid fiber industry, key opinion leaders, and processing players. The breakdown of profiles of the primary interviewees is illustrated in the figure below:

Aramid Fiber Market  Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the aramid fiber market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

The key players in the industry have been identified through extensive secondary research.

  • The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Report Objectives

  • To analyze and forecast the size of the aramid fiber market, in terms of value and volume
  • To provide detailed information regarding key factors, such as drivers, restraints, and opportunities influencing the growth of the market
  • To define, describe, and segment the aramid fiber market on the basis of type, and application
  • To forecast the size of the market segments for regions such as APAC, North America, Europe, South America, and the Middle East & Africa
  • To strategically analyze the segmented markets with respect to individual growth trends, prospects, and contribution to the overall market
  • To identify and analyze opportunities for stakeholders in the market
  • To analyze competitive developments such as expansion, new product launch, merger & acquisition, and agreement in the aramid fiber market
  • To strategically profile key players and comprehensively analyze their core competencies

Available Customizations

Along with the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Regional Analysis

  • Further breakdown of a region with respect to a particular country or additional application

Company Information

  • Detailed analysis and profiles of additional market players (up to five)
Report Code
CH 2731
Published ON
Nov, 2021
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