Aramid Market
Aramid Market Scope: Industry Analysis, Market
Size, Growth, Trends Till 2031
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Aramid Market Size and Growth
The global aramid market is projected to reach a value of $5.9 billion by 2027, with a CAGR of 8.2% from 2020 to 2027. Rising demand for lightweight and high-strength materials in various end-use industries such as automotive, aerospace, and defense is driving market growth. Increasing investments in research and development are expected to further boost market expansion.
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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 market is highly competitive with key players such as DuPont, Teijin, JSC Kamenskvolokno, Kolon, Hyosung, Huvis, TAYHO, Bluestar, Sinopec Yizheng Chemical Fibre, Guangdong Charming, Hebei Silicon Valley Chemical, Zhaoda Specially Fiber, and SRO. These companies utilize aramid for various applications such as protective clothing, aerospace, automotive, and electronics, contributing to the growth of the market.
- DuPont reported sales revenue of $21.5 billion in 2020.
- Teijin reported sales revenue of $8.2 billion in 2020. - Hyosung reported sales revenue of $7.6 billion in 2020.
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Market Segmentation
By Application
◍ Body Armor & Helmet
◍ Aerospace Materials
◍ Sports Materials
◍ Tire
◍ High Strength Rope
◍ Others
By Product
◍ Para-aramid Fibers
◍ Meta-aramid Fibers
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$ 3059.02 Million
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Market Growth
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