Aramid Fiber Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
Aramid Fiber Market Introduction
The word aramid is the blend of words aromatic and polyamide. Aramid fiber is the strong and heat-resistant synthetic fiber used extensively in military and aerospace applications for ballistic composites and ballistic rated body armor fabric. Aramid fiber has good resistance to solvents, abrasion, has low flammability, it is sensitive to UV radiation, acids and salts, and offers excellent chemical and physical properties at high temperatures.
Aramid fiber is used in protective wear owing to the high resistant properties and outstanding strength-to-weight ratio. Apart from military, the largest section using aramid fiber is protection and security including private contractors, municipal law enforcement, and private security.
Aramid Fiber Market: Notable Highlights
Some of the most prominent competitors operating in the competitive landscape of global aramid fiber market include –
Aramid Fiber Market Dynamics
Increasing Demand for Lightweight Materials in Security & Protection
In recent years, there has been an increase in government expenditure in defense, aerospace, and security industry owing to the rising political unrest worldwide, which is driving the demand for aramid fiber. Owing to the low density, high strength, and ability to withstand high temperatures, aramid fiber is gaining traction in defense and personal protection equipment. Key players in the aerospace and defense sector are focusing on using lightweight materials. With the highest carbon footprint, the aerospace industry is focusing on lowering the emission by saving any weight, hence, the predominant focus is on advanced lightweight materials.
Companies providing materials for defense and security are focusing on using novel materials including fibers that are lightweight, and also helps in improving stiffness and strength in the end-use product.
Need for New Materials Offering Significant Reduction in Vehicle Emission
The automotive industry is constantly focusing on replacing materials such as iron, aluminum, and steel with new components made using fiber reinforced composites. Hence, the demand for aramid fiber is likely to increase in the automotive sector owing to its lightweight, low energy consumption, coupled with flexibility, long lifecycle, and better safety. Automotive manufacturers are also focusing on design modifications, however, structural weight reduction is a high priority among automotive manufacturers to reduce emission and lower fuel consumption.
High Cost of Aramid Fiber to Remain Longstanding Challenge
Despite offering various benefits in security, protection gear, and defense sector, the high cost of aramid fiber and availability of alternative materials fiber or ceramic glass are emerging as the primary restricting factors in the aramid fiber market. Moreover, the production of aramid fiber is restricted among a few key players in the market as the fiber is expensive and difficult to manufacture.
Researchers and manufacturers of materials for defense and security are focusing on developing novel materials offering stiffness, toughness, reduced weight and yet be possible to produce in large quantities at reasonable cost. Moreover, the high cost of aramid fiber can be easily justified by its use in high-end vehicles and performance advantages over other materials.
Aramid Fiber Market Segmentation
Based on the product type, the aramid fiber market is segmented into
On the Basis of Application, the aramid fiber market is segmented into
The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.
TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.
TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.
5-Point Growth Formula
The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.
The 5-point growth formula includes the following points:
Current and Future Threats
Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.
Accurate Trend Analysis
Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.
Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.
The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.
The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.
Flat 10% discount on Single User License if you prebook this report
Flat 10% discount on Multiple User License if you prebook this report
Flat 10% discount on Corporate License if you prebook this report