Home > Chemicals & Materials > Advanced Materials > Composite Materials > Aramid Fiber Market

Aramid Fiber Market Share

Report ID: GMI812
Published Date: Jul 2021
Report Format: PDF

Download Free Sample

Aramid Fiber Market Share

Companies operating in the aramid fiber industry are increasing their production capacity to meet the rapidly growing product demand. In July 2017, Teijin expanded the capacity for the Twaron aramid at its manufacturing facility in Emmen, Netherlands. The company made a substantial investment in the new spinning technology to achieve enhanced automation of the spinning process, thereby reducing the physical efforts of operators. This increased production capacity will help the company cater to the increasing product demand across Europe.

Teijin Aramid B.V
DuPont
Hyosung
Yantai Tayho Advanced Materials Co.
W. Barnet GmbH & Co. Kg
Kermel
Kolon Industries Inc.
Toray
Huvis Corporation
JSC Kamenskvolokno
Jiaxing Newtex Composites Co., Ltd.
Beijing Landingji Engineering Tech Co., Ltd.
X-FIPER New Material Co., Ltd.

Authors: Kiran Pulidindi

Frequently Asked Questions (FAQ) :

Para aramid fibers captured more than 70% of the industry share in 2020 and will likely continue their dominance owing to superior strength and high heat resistance.

Safety applications could account for a substantial share of aramid fiber market led by growing defense investments in numerous countries.

Aramid fiber market generated USD 3.5 billion in annual revenue globally during 2020 and it is slated to expand at 9% CAGR up to 2027.

North America could grow at an 11% CAGR to exceed USD 2 billion by 2027 powered by increasing aircraft production for civil and defense purpose.

The COVID-19 pandemic has caused the worldwide aramid fiber sales to fall by 10% in 2020 due to disrupted supply chains, restricted mobility, and reduced consumer spending.