Aramid is a type of synthetic fiber with heat resistant property. Aramid is widely used for ballistic vest in military and aerospace applications. In addition, it is used in bicycle tires, marine hull reinforcement, and others. Aramid fiber is produced by spinning the dissolved polymer i.e., a liquid chemical blend. The polymer is produced by reaction of a carboxylic acid halide group and an amine group. Aramid has various properties such as high impact strength, chemical resistance, and others.
Increasing demand for para-aramid fiber in various applications owing to its properties such as modulus behavior, high impact strength, and others is a factor proliferating demand for aramid fiber. Additionally, rising demand for protective measures in various sectors such as chemical, military, defense, construction, automotive, etc. owing to stringent regulations regarding safety concern has a positive impact on the global aramid market. Stringent regulations for disposal of polymers is a factor challenging growth of the global market.
Increasing R&D in manufacturing technology and high investment for security and defense in various countries are factors which in turn offer new revenue opportunities for manufacturers operating in the global aramid market. An ongoing trend observed is increasing demand for aramid fiber in security & protection applications across the globe which has a positive impact on the global aramid market.
Aramid is segmented by type such as para-aramid, meta-aramid, and others. The para-aramid fiber is used in race cars, wire and cable, protective gloves, ballistics protection, and hose reinforcment owing to its high strength and modulus behavior. The meta-aramid fiber is widely used in military personnel, auto racer, automotive heat shields, aerospace applications, protective clothing for firefighters, and electrical insulation owing to its heat and chemical resistant, etc.
Aramid is segmented on the basis of application such as security & protection, frictional materials, rubber reinforcement, optical fibres, tire reinforcement, electrical insulation, aerospace, and others. The others segment include composites, filtration, ropes & cables, and recreational goods. Rising concern for protection of military personnel has increased demand for aramid fiber owing to its various properties.
The market is segmented on the basis of region such as North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Government regulations pertaining to safety has spurred demand for protective clothing in countries such as Germany, the UK, and France which in turn proliferate growth of the Europe aramid market. Increasing funding for R&D and safety concerns in military and defense sectors is a factor augmenting demand for ballistic vests which in turn increase demand for aramid fiber in the North America region. Rapid industrialization, coupled with increasing demand for protective measures in industries such as chemicals, oil & gas, construction, and others are factors augmenting demand for aramid fiber in the Asia Pacific region. Increasing government investments and initiatives in various countries such as China, India, and others has a positive impact on the global market in the region.
Some of the prominent players operating in the global aramid market include Dupont, Teijin, Yantai Tayho Advanced materials, Kermel, Kamenskvolokno JSC, KOLON Industries, HYOSUNG, Huvis, Zhonglan Chenguang, Zhaoda Specialy Fiber Technical, Shenma Industrial, Charming, and SROX-FIPER New Material.