Meta-aramid Fiber Market

Meta-aramid Fiber Market

The meta-aramid fiber market was valued at USD 1.4 billion in 2022 and is projected to reach USD 2.3 billion by 2027, growing at a cagr 10.6% from 2022 to 2027. An opportunity in the resorbable polymers market is increasing demand for meta-aramid fiber from defence sector. The rising domestic and foreign conflicts worldwide has accelerated the need for precautionary safety measures for military personnel. This is expected to drive the demand for advanced weaponry and personal protective equipment. Carbon fiber, glass fiber, ceramics, high-strength PE fiber, polyphenylene sulfide, the possible substitutes remains as the major challenges of this market. Europe is the largest market for meta-aramid fiber, globally, in terms of value. Asia Pacific is the fastest-growing region in the market.

Attractive Opportunities in the Meta-Aramid Fiber Market

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Meta-aramid Fiber 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.

Restraints: Non-biodegradable nature of meta-aramid fibers

Although meta-aramid fibers have many desirable properties that make them useful in several applications in various industries, however, they are also harmful to the environment as they do not decompose readily, causing pollution. Waste meta-aramid fibers can cause massive landfills and blockage in drainage systems. The dust of cut meta-aramid fibers, if inhaled, can also cause respiratory problems.

Challenges: Available alternatives with similar properties

There are various types of high-performance fibers other than aramid that offer different solutions; these fibers include carbon fiber, glass fiber, ceramics, high-strength PE fiber, polyphenylene sulfide, and others. Furthermore, the non-biodegradability of meta-aramid fiber makes its usage a concern in various end-use industries. Contrarily, glass fibers offer a suitable solution of being environment-friendly and cost-effective.

Opportunities: Advancements in aramid materials manufacturing technology

Technological advancements have led to the development of advanced variants of meta-aramid fibers that exhibit higher strength bearing capacity and thermal resistance. These developments are opening up new sectors for aramid materials where they could not be applied initially due to the availability of better substitutes or high costs. New advanced material composites combine the desirable properties of meta-aramid fibers with those of other advanced materials, such as carbon fiber or ultra-high molecular weight polyurethanes (UHMWPE), to enhance the quality and performance of the composite to be used.

Meta-aramid Fiber Market Ecosystem

“Staple is estimated to be the largest type in the meta-aramid fiber market in 2021.”

Staple fiber is a non-continuous fiber of relatively short length. Because of its short length they have to be twisted together to form a long continuous yarn. The staple length of staple fibers range starts from about 1 cm to many cm in length. The increased demand for protective material drives the market for advanced protective clothing which in turn drives the demand for staple fibers.

“Apparel was the largest application for meta-aramid fiber market in 2021”

Meta-aramid is made from poly-meta phenylene isophalamide, offering the advantage of chemical and high-temperature resistance. Stronger meta-aramid is produced by combining it with other performance materials. Meta-aramid is primarily used for security & protection applications such as ballistics, protective clothing for firefighters, and others. They do not ignite or melt at normal oxygen level. These properties of meta-aramid make it appropriate for use in protective clothing in various end-use industries.

“Europe is estimated to be the largest region in meta-aramid fiber market in 2021.”

The automotive industry plays an important role in generating the government’s revenue and providing employment. Governments of European countries are providing huge incentives to promote electric vehicles. As a result, the demand for electric vehicles has increased tremendously in the region. The region is home to electric vehicle manufacturers such as Groupe Renault (France), Volkswagen AG (Germany), Audi AG (Germany), BMW AG (Germany), and Daimler AG (Germany), among others. Europe has set a very ambitious goal of reducing 80% CO2 emission by 2050 and has created a roadmap for the same. The governments of various countries in Europe are subsidizing electric infrastructure, and the focus will continue to be on electric vehicles in the long run.

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“Asia Pacific is projected to be the fastest growing meta-aramid fiber market during the forecast period, in terms of value”

Asia Pacific is an attractive meta-aramid fiber market globally and has huge growth potential in the future due to increasing demand from the industrial, construction, marine, and automotive industries. The growing population and rising standard of living mark the huge developments undergoing in the region. The increase in employment rate, rise in disposable income of the people, and an increase in foreign investments in various sectors of the economy are some of the factors that make Asia Pacific an attractive meta-aramid fiber market.

Meta-aramid Fiber 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), Toray Industries, Inc. (Japan), Huvis Corporation (South Korea), Kermel (France), X-FIPER New Material Co., Ltd.  (China), Aramid HPM, LLC (US), Shanghai J&S New Materials Co., Ltd.  (China) and Lydall Industrial Filtration (UK).

Meta-aramid Fiber Market Report Scope

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

On the basis of type, the meta-aramid fiber market has been segmented as follows:

• Staple
• Paper
• Filament

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

• Nonwoven Bagfilter
• Apparel
• Turbohose
• Electric Insulation
• Honeycomb Reinforcement
• Others

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

• Asia Pacific
• North America
• Europe
• Middle East & Arica
• South America

Recent Developments

• In August 2021, Based on Teijinconex neo fibers, professional racing suits are the latest products to emerge from Teijin Aramid’s longstanding collaboration with OMP Racing, a market-leading producer of premium motorsport safety equipment.
• In February 2021, the company expanded its Teijin Aramid production capacity in the Netherlands. The company is expecting to complete the program by mid-2022, expanding its capacity by 25%. Furthermore, installing new equipment is the latest step in a multi-year program designed to increase both production capacity and sustainability at Teijin Aramid locations.
• In August 2020, Teijin Ltd. and Kinoshita Fishing Net Mfg. Co., Ltd. jointly developed the world’s first high-performance knotless fishing net made with an ultra-high molecular weight polyethylene (UHMWPE) film, Endumax.
• In June 2020, Bulwark Protection and DuPont Safety & Construction announced the iQ Series garment collection made exclusively with DuPont Nomex Comfort fabric.

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