Aramid (Aramid Fiber) Market
Aramid (Aramid Fiber) Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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Aramid (Aramid Fiber) Market Size and Growth
The Aramid fiber market is experiencing significant growth driven by rising demand in aerospace, automotive, and protective clothing sectors. As of 2023, the market size is estimated at approximately $5 billion, with a projected CAGR of 6% through 2030. Innovations in fiber technology further enhance market expansion opportunities.
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Companies Covered
(Covid 19 Impact Covered)
◍ Dupont
◍ Teijin
◍ JSC Kamenskvolokno
◍ Kolon
◍ Hyosung
◍ Huvis
◍ TAYHO
◍ Bluestar
◍ Sinopec Yizheng Chemical Fibre
◍ Guangdong Charming
◍ Hebei Silicon Valley Chemical
◍ Zhaoda Specially Fiber
◍ SRO
The Aramid Fiber Market features key players like DuPont, Teijin, and Kolon, driving growth through innovation and diverse applications in industries like automotive, aerospace, and protective clothing. These companies leverage advanced technologies and strategic partnerships to expand market reach. Notable sales revenues include:
- DuPont: Over $20 billion
- Teijin: Approximately $18 billion
- Hyosung: Around $3 billion.
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Market Segmentation
By Application
◍ Body Armor & Helmet
◍ Aerospace Materials
◍ Sports Materials
◍ Tire
◍ High Strength Rope
◍ Others
By Product
◍ Para-aramid Fibers
◍ Meta-aramid Fibers
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Market Growth
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$ X Billion USD
