The global North America Aramid Fibers Market size is expected to reach USD 8,569.4 Million in 2030 and register a revenue CAGR of 6.0% over the forecast period, according to the latest report by Reports and Data. Growing automotive, aerospace, defense, and construction industries are among the key factors driving the market revenue growth. In addition, growing need for lightweight materials for personnel protection equipment that protects the wearer from thermal, physical, electrical, and biological dangers is fueling the market revenue growth. Aramid fiber is also used for the production of stab-resistant and bullet-proof products, including gloves, helmets, and clothing material. It is also widely used in the production of products such as fishing and golf rods, bows, skis, and airplane wall materials. Another factor promoting market growth is the growing industrialization and urbanization around the world. The need for aramid fiber as an asbestos and steel substitute is being catalyzed by rising urban migration, which is increasing the construction of new infrastructure projects. Other factors such as significant research and development (RD) and growing applications in the optical fiber industry are expected to drive the market revenue growth over the forecast period.
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Top Players in the Global North America Aramid Fibers Market:
DowDuPont, Toray Industries, Inc., Hyosung Corporation, Kolon Industries Inc., China National Bluestar (Group) Co. Ltd, Teijin Limited, Kermel, Ibiden Co., Ltd., SRO Aramid (Jiangsu) Co., Ltd., and Yantai Tayho Advanced Materials Co., Ltd.
Some Key Highlights From the Report
- Para-aramid fiber segment is expected to register a considerable revenue growth rate over the forecast period. Para-aramid fiber is high-performance aramid fiber, with molecules that are characterized by relatively rigid polymer chains. It is produced by p-phthaloyl chloride (TPC) and p-phenylenediamine (PPD) and is used for protective apparel, tires, rubber goods, fiber-optic cable tension members, friction material, and construction reinforcement among others.
- Security protection segment is expected to register a significant revenue growth rate over the forecast period, due to the unique set of qualities that cause these fibers to thicken when exposed to extreme heat, such as flashover. They are widely used in security protection applications. This fiber also increases the protective shield between the heat source and the skin when firefighters need it the most. This tough barrier remains supple and flexible until it cools, providing extra minutes of protection without impairing mobility.
- Automotive segment accounted for largest revenue share in the North America Aramid Fibers Market in 2020. Aramid fibers are utilized in the production of tires reinforcement materials, powertrain components, turbocharger hoses, brake pads, belts, gaskets, seat textiles, clutches, electronics, seat sensors, and hybrid motor materials in the automobile industry. Moreover, aramid fibers' exceptional thermal resistance makes them perfect for use in heat shields and under bonnet applications.
- Market in Europe is expected to register highest revenue share in global North America Aramid Fibers Market during the forecast period. Europe is a hub for the world's largest automotive manufacturers, which influences the tires market, which in turn influences the North America Aramid Fibers Market. Government health and safety standards, low loan rates, the presence of large manufacturing organizations, expanding end-use industries, and the rise of the automotive industries are all driving market growth in this region.
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Market segmentation based on Type Outlook:
- Para-Aramid Fiber
- Meta-Aramid Fiber
- Others
Spinning Process Outlook:
- Wet Spinning
- Dry Spinning
Application Outlook:
- Security Protection
- Frictional Materials
- Optical Fibers
- Tire Reinforcement
- Electrical Insulation
- Others
End-Use Outlook:
- Aerospace Defense
- Automotive
- Electronics Telecommunication
- Sports Goods
- Others
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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Frequently Asked Questions Answered in the Report:
- What is the estimated revenue growth rate of the global North America Aramid Fibers Market over the forecast period?
- What are the major factors driving the global market revenue growth?
- Which are the leading manufacturers and suppliers in the global North America Aramid Fibers Market?
- Which regional market is expected to lead in terms of revenue share in the global North America Aramid Fibers Market over the forecast years?
- What are the key outcomes of SWOT analysis and Porter’s Five Forces analysis of the market?
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