Global Aramid Fiber Market Report 2021: Market is Likely to Experience a Brisk Recuperation from 2021 Onwards, Translating to a Cumulative Sale of $22.4 Billion During 2021-2026

DUBLIN, March 25, 2021 /PRNewswire/ -- The "Aramid Fiber Market by Fiber Type, by Application Type, by Form Type, by End-Use Industry, and by Region, Size, Share, Trend, Forecast, & Competitive Analysis: 2021-2026" report has been added to ResearchAndMarkets.com's offering.

The market is likely to experience a brisk recuperation from 2021 onwards, translating to a cumulative sale of US$ 22.4 Billion during 2021-2026.

Despite a few bumps along the road for the governing industries (aerospace & defense and automotive), the demand for aramid fiber remained stable till 2019, impelling market stakeholders to prepare for skyrocketing demand in the years to come. But the COVID-19 crisis crashed all possibilities of a flourishing market in 2020. The two leading industries suffered the gravest impact of the pandemic, completely overturning the market conditions, with an overall acute decline of -13.4%, YoY in 2020.

However, the unremitting demand from the relatively unaffected defense and electrical & telecommunications industries is likely to be the redeeming grace for the aramid fiber market, indemnifying a portion of the losses incurred. Also, incessant investments towards the establishment of 4G and 5G networks are likely to support the aramid fiber demand in the long run.

The aramid fiber market is extremely concentrated with the top four players capturing the lion's share of the market. The major companies focus on capacity expansions, collaborations, and partnerships to maintain their vanguards in the market and to pounce at any prevalent opportunities in the market.

A few of the key collaborations/partnerships in the market are Teijin and Nippon Paper Papylia to expand Nomex paper capacity with a new facility in Japan which is expected to be established by 2021. Another significant movement in the market was the Dow and DuPont merger in 2017, valued at US$ 130 Billion, this was one of the biggest mergers in the industry, creating the world's biggest chemical company, only to de-merge later in 2019.

Several other key factors propelling the growth of the market, in the long run, are:

• Increasing wireless infrastructure revenue
• Surging tire replacement demand coupled with an expected recovery in automotive production
• Expected rebound in commercial and regional aircraft deliveries
• Growing military expenditure
• Increasing mining production
• The fibers' upper hand among their arch-rivals such as steel and carbon fibers

Key Topics Covered:

1. Executive Summary

2. Aramid Fiber Market Overview and Segmentation
2.1. Introduction
2.2. Aramid Fiber Market Segmentation
2.3. Supply Chain Analysis
2.4. Industry Life Cycle Analysis
2.5. PEST Analysis
2.6. SWOT Analysis

3. Aramid Fiber Market COVID-19 Impact Assessment
3.1. Insights
3.2. Aramid Fiber Market Trend and Forecast (US$ Million and Kilotons)
3.3. Profitability Analysis
3.4. Pre-COVID vs Post-COVID Assessment
3.5. The Pandemic: Real GDP Loss vs Aramid Fiber Market Loss (2020-2021)
3.6. Aramid Fiber Market Scenario Analysis: Pessimistic, Most Likely, and Optimistic
3.7. Market Segments Analysis (US$ Million and Kilotons)
3.8. Regional and Country-Level Analysis (US$ Million and Kilotons)
3.9. Market Drivers
3.10. Market Challenges
3.11. Expert Opinion

4. Competitive Analysis
4.1. Insights
4.2. Product Portfolio Analysis
4.2.1. By Fiber Type
4.2.2. By End-Use Industry
4.3. Geographical Presence
4.4. New Product Launches
4.5. Strategic Alliances
4.6. Market Share Analysis
4.7. Porter's Five Forces Analysis

5. Aramid Fiber Market Trend and Forecast by Fiber Type (2015-2026)
5.1. Insights
5.2. Para-Aramid Fiber: Regional Trend and Forecast (US$ Million and Kilotons)
5.3. Meta-Aramid Fiber: Regional Trend and Forecast (US$ Million and Kilotons)

6. Aramid Fiber Market Trend and Forecast by Application Type (2015-2026)
6.1. Insights
6.2. Protection & Safety: Trend and Forecast (US$ Million and Kilotons)
6.3. Electrical Transmission & Insulation: Trend and Forecast (US$ Million and Kilotons)
6.4. Tire Reinforcement: Trend and Forecast (US$ Million and Kilotons)
6.5. Rubber Reinforcement: Trend and Forecast (US$ Million and Kilotons)
6.6. Friction Materials: Trend and Forecast (US$ Million and Kilotons)
6.7. Filtration: Regional Trend and Forecast (US$ Million and Kilotons)
6.8. Paper: Regional Trend and Forecast (US$ Million and Kilotons)
6.9. Others: Regional Trend and Forecast (US$ Million and Kilotons)

7. Aramid Fiber Market Trend and Forecast by Form Type (2015-2026)
7.1. Insights
7.2. Filament: Regional Trend and Forecast (US$ Million and Kilotons)
7.3. Pulp: Regional Trend and Forecast (US$ Million and Kilotons)
7.4. Staple Fiber: Regional Trend and Forecast (US$ Million and Kilotons)
7.5. Others: Regional Trend and Forecast (US$ Million and Kilotons)

8. Aramid Fiber Market Trend and Forecast by End-Use Industry (2015-2026)
8.1. Insights
8.2. Aerospace & Defense: Regional Trend and Forecast (US$ Million and Kilotons)
8.3. Automotive: Regional Trend and Forecast (US$ Million and Kilotons)
8.4. Electrical: Regional Trend and Forecast (US$ Million and Kilotons)
8.5. Electronics & Telecommunications: Regional Trend and Forecast (US$ Million and Kilotons)
8.6. Others: Regional Trend and Forecast (US$ Million and Kilotons)

9. Aramid Fiber Market Trend and Forecast by Region (2015-2026)
9.1. Insights

10. Strategic Growth Opportunities
10.1. Insights
10.2. Market Attractiveness Analysis
10.3. Emerging Trends
10.4. Growth Matrix Analysis
10.5. Key Success Factors (KSFs)

11. Company Profile of Key Players

• China National Bluestar (Group) Co., Ltd.
• DuPont de Nemours, Inc.
• Huvis Corporation
• Hyosung Corporation
• Kermel
• Kolon Industries, Inc.
• SRO Aramid (Jiangsu) Co. Ltd.
• Teijin Limited
• Toray Industries, Inc.
• Yantai Tayho Advanced Materials Co.

For more information about this report visit https://www.researchandmarkets.com/r/b44ldb

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