
Global Para-Aramid Market Size, Trends and Growth opportunity, By Type (Para-Aramid Filament, Para-Aramid Staple Fibre, Para-Aramid Shortcut, Para-Aramid Pulp), By Application (Rubber Reinforcement, Security Protection, Tires, Rope, Optical Fibres Reinfor
Description
Global Para-Aramid Market Size, Trends, and Growth Opportunity, By Type (Para-Aramid Filament, Para-Aramid Staple Fibre, Para-Aramid Shortcut, Para-Aramid Pulp), By Application (Rubber Reinforcement, Security Protection, Tires, Rope, Optical Fibres Reinforcements, Frictional & Sealing Materials, Others), Regional Outlook, Competitive Market Share, & Forecast, till 2022–2027.
Global Para-Aramid Market
Global Para-Aramid Market was valued at USD 3.11 billion in 2021 and is expected to reach USD 4.11 billion by 2027, at a CAGR of 4.64% from 2022 to 2027.
Para-Aramid is a synthetic fibre which is used in the manufacturing of safety gloves and other safety equipment. Para-aramid gloves resist abrasion, but the primary motivation for using the fibre is its strong heat resistance. The molecules which are combined by strong hydrogen bonds are proficiently transferred to mechanical stress and allow for the use of chains with a low molecular weight. Aramid fibre is mostly used for reinforcement in composites such as sports goods, aviation, and military vehicles, and in fabrics in clothing such as bulletproof jackets and fire safety garments.
Market Drivers
Increasing demand for para-aramid in many sectors, such as healthcare, oil and gas, manufacturing, and others, is the key driving factor expected to boost the global para-aramid market growth.
Furthermore, growing use of para-aramid fibre for composites in military vehicles, and aircrafts which is projected to propel the market growth during this forecast year 2027. Moreover, an increase in onshore and offshore drilling activities coupled with a thriving shale oil and gas industry will drive market growth.
Market Restraints
However, the availability of other alternatives or substitutes with better properties is the major restraining factor that is expected to hinder the global para-aramid market growth.
Market Segmentation
The Global Para-Aramid Market is segmented into type, application, and region. Over the forecast period, the para-aramid staple fibre is projected to be the fastest-growing segment of the market due to its excellent strength-to-weight ratio, high modulus behaviour, and tensile strength.
Regional Analysis
Global Para-Aramid Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.
Key Players
Various key players are discussed in this report, such as DowDuPont, Teijin Aramid, JSC Kamenskvolokno, Hyosung, Toray Chemical Korea Inc., SRO Aramid Co. Ltd., Kolon Industries Inc., FIPER New Material Co., Huvis Corporation, and Aramid HPM, LLC.
Market Taxonomy
By Type
Global Para-Aramid Market
Global Para-Aramid Market was valued at USD 3.11 billion in 2021 and is expected to reach USD 4.11 billion by 2027, at a CAGR of 4.64% from 2022 to 2027.
Para-Aramid is a synthetic fibre which is used in the manufacturing of safety gloves and other safety equipment. Para-aramid gloves resist abrasion, but the primary motivation for using the fibre is its strong heat resistance. The molecules which are combined by strong hydrogen bonds are proficiently transferred to mechanical stress and allow for the use of chains with a low molecular weight. Aramid fibre is mostly used for reinforcement in composites such as sports goods, aviation, and military vehicles, and in fabrics in clothing such as bulletproof jackets and fire safety garments.
Market Drivers
Increasing demand for para-aramid in many sectors, such as healthcare, oil and gas, manufacturing, and others, is the key driving factor expected to boost the global para-aramid market growth.
Furthermore, growing use of para-aramid fibre for composites in military vehicles, and aircrafts which is projected to propel the market growth during this forecast year 2027. Moreover, an increase in onshore and offshore drilling activities coupled with a thriving shale oil and gas industry will drive market growth.
Market Restraints
However, the availability of other alternatives or substitutes with better properties is the major restraining factor that is expected to hinder the global para-aramid market growth.
Market Segmentation
The Global Para-Aramid Market is segmented into type, application, and region. Over the forecast period, the para-aramid staple fibre is projected to be the fastest-growing segment of the market due to its excellent strength-to-weight ratio, high modulus behaviour, and tensile strength.
Regional Analysis
Global Para-Aramid Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.
Key Players
Various key players are discussed in this report, such as DowDuPont, Teijin Aramid, JSC Kamenskvolokno, Hyosung, Toray Chemical Korea Inc., SRO Aramid Co. Ltd., Kolon Industries Inc., FIPER New Material Co., Huvis Corporation, and Aramid HPM, LLC.
Market Taxonomy
By Type
- Para-Aramid Filament
- Para-Aramid Staple Fiber
- Para-Aramid Shortcut
- Para-Aramid Pulp
- Rubber Reinforcement
- Security Protection
- Tires
- Rope
- Optical Fiber Reinforcements
- Frictional & Sealing Materials
- Others
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Table of Contents
144 Pages
- 1 Introduction
- 1.1 Objective of the Study
- 1.2 Market definition
- 1.3 Market Scope
- 2 Research Methodology
- 2.1 Data Mining
- 2.2 Validation
- 2.3 Primary Interviews
- 2.4 List of Data Sources
- 3 Executive Summary
- 4 Global Para-Aramid Market Outlook
- 4.1 Overview
- 4.2 Market Dynamics
- 4.2.1 Drivers
- 4.2.2 Restraints
- 4.2.3 Opportunities
- 4.3 Porters Five Force Model
- 4.4 Value Chain Analysis
- 5 Global Para-Aramid Market, By Type
- 5.1 Y-o-Y Growth Comparison, By Type
- 5.2 Global Para-Aramid Market Share Analysis, By Type
- 5.3 Global Para-Aramid Market Size and Forecast, By Type
- 5.3.1 Para-Aramid Filament
- 5.3.2 Para-Aramid Staple Fiber
- 5.3.3 Para-Aramid Shortcut
- 5.3.4 Para-Aramid Pulp
- 6 Global Para-Aramid Market, By Application
- 6.1 Y-o-Y Growth Comparison, By Application
- 6.2 Global Para-Aramid Market Share Analysis, By Application
- 6.3 Global Para-Aramid Market Size and Forecast, By Application
- 6.3.1 Rubber Reinforcement
- 6.3.2 Security Protection
- 6.3.3 Tires
- 6.3.4 Rope
- 6.3.5 Optical Fiber Reinforcement
- 6.3.6 Frictional & Sealing Materials
- 6.3.7 Others
- 7 Global Para-Aramid Market, By Region
- 7.1 Global Para-Aramid Market Share Analysis, By Region
- 7.2 Global Para-Aramid Market Share Analysis, By Region
- 7.3 Global Para-Aramid Market Size and Forecast, By Region
- 8 North America Para-Aramid Market Analysis and Forecast (2022 – 2027)
- 8.1 Introduction
- 8.2 North America Para-Aramid Market Share Analysis, By Type
- 8.3 North America Para-Aramid Market Size and Forecast, By Application
- 8.4 North America Para-Aramid Market Size and Forecast, By Country
- 8.4.1 U. S
- 8.4.2 Canada
- 8.4.3 Mexico
- 9 Europe Para-Aramid Market Analysis and Forecast (2022 – 2027)
- 9.1 Introduction
- 9.2 Europe Para-Aramid Market Share Analysis, By Type
- 9.3 Europe Para-Aramid Market Size and Forecast, By Application
- 9.4 Europe Para-Aramid Market Size and Forecast, By Country
- 9.4.1 Germany
- 9.4.2 France
- 9.4.3 UK
- 9.4.4 Rest of Europe
- 10 Asia Pacific Para-Aramid Market Analysis and Forecast (2022 – 2027)
- 10.1 Introduction
- 10.2 Asia Pacific Para-Aramid Market Share Analysis, By Type
- 10.3 Asia Pacific Para-Aramid Market Size and Forecast, By Application
- 10.4 Asia Pacific Para-Aramid Market Size and Forecast, By Country
- 10.4.1 China
- 10.4.2 Japan
- 10.4.3 India
- 10.4.4 Rest of Asia Pacific
- 11 Latin America Para-Aramid Market Analysis and Forecast (2022 – 2027)
- 11.1 Introduction
- 11.2 Latin America Para-Aramid Market Share Analysis, By Type
- 11.3 Latin America Para-Aramid Market Size and Forecast, By Application
- 11.4 Latin America Para-Aramid Market Size and Forecast, By Country
- 11.4.1 Brazil
- 11.4.2 Rest of Latin America
- 12 Middle East Para-Aramid Market Analysis and Forecast (2022 – 2027)
- 12.1 Introduction
- 12.2 Middle East Para-Aramid Market Share Analysis, By Type
- 12.3 Middle East Para-Aramid Market Size and Forecast, By Application
- 12.4 Middle East Para-Aramid Market Size and Forecast, By Country
- 12.4.2 UAE
- 12.4.3 Egypt
- 12.4.4 Kuwait
- 12.4.5 South Africa
- 13 Competitive Analysis
- 13.1 Competition Dashboard
- 13.2 Market share Analysis of Top Vendors
- 13.3 Key Development Strategies
- 14 Company Profiles
- 14.1 DowDuPont
- 14.1.1 Overview
- 14.1.2 Offerings
- 14.1.3 Key Financials
- 14.1.4 Business Segment & Geographic Overview
- 14.1.5 Key Market Developments
- 14.1.6 Key Strategies
- 14.2 Teijin Aramid
- 14.2.1 Overview
- 14.2.2 Offerings
- 14.2.3 Key Financials
- 14.2.4 Business Segment & Geographic Overview
- 14.2.5 Key Market Developments
- 14.2.6 Key Strategies
- 14.3 JSC Kamenskvolokno
- 14.3.1 Overview
- 14.3.2 Offerings
- 14.3.3 Key Financials
- 14.3.4 Business Segment & Geographic Overview
- 14.3.5 Key Market Developments
- 14.3.6 Key Strategies
- 14.4 Hyosung
- 14.4.1 Overview
- 14.4.2 Offerings
- 14.4.3 Key Financials
- 14.4.4 Business Segment & Geographic Overview
- 14.4.5 Key Market Developments
- 14.4.6 Key Strategies
- 14.5 Toray Chemical Korea Inc
- 14.5.1 Overview
- 14.5.2 Offerings
- 14.5.3 Key Financials
- 14.5.4 Business Segment & Geographic Overview
- 14.5.5 Key Market Developments
- 14.5.6 Key Strategies
- 14.6 SRO Aramid Co
- 14.6.1 Overview
- 14.6.2 Offerings
- 14.6.3 Key Financials
- 14.6.4 Business Segment & Geographic Overview
- 14.6.5 Key Market Developments
- 14.6.6 Key Strategies
- 14.7 Kolon Industries Inc
- 14.7.1 Overview
- 14.7.2 Offerings
- 14.7.3 Key Financials
- 14.7.4 Business Segment & Geographic Overview
- 14.7.5 Key Market Developments
- 14.7.6 Key Strategies
- 14.8 FIPER New Material Co
- 14.8.1 Overview
- 14.8.2 Offerings
- 14.8.3 Key Financials
- 14.8.4 Business Segment & Geographic Overview
- 14.8.5 Key Market Developments
- 14.8.6 Key Strategies
- 14.9 Huvis Corporation
- 14.9.1 Overview
- 14.9.2 Offerings
- 14.9.3 Key Financials
- 14.9.4 Business Segment & Geographic Overview
- 14.9.5 Key Market Developments
- 14.9.6 Key Strategies
- 14.10 Aramid Hpm, LLC
- 14.10.1 Overview
- 14.10.2 Offerings
- 14.10.3 Key Financials
- 14.10.4 Business Segment & Geographic Overview
- 14.10.5 Key Market Developments
- 14.10.6 Key Strategies
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