Para-Aramid Fiber Market Size, Share, Trend, Forecast, & Industry Analysis: 2021-2026

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Presents a Research Report on
Para-Aramid Fiber Market
Para-Aramid Fiber Market Size, Share, Trend,
Forecast, Industry Analysis 2021-2026 Para-Aram
id Fiber Market is Segmented by Application Type
(Protection Safety, Electrical Transmission,
Tire Reinforcement, Rubber Reinforcement,
Friction Materials, and Others), by End-Use
Industry (Aerospace Defense, Automotive,
Electrical Electronics, Oil Gas, and
Industrial), by Form Type (Filament, Pulp, Staple
Fiber, and Others), and by Region (North America,
Europe, Asia-Pacific, and Rest of the World)


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Para-Aramid Fiber Market Growth and Forecast
Highlights Drivers

• That being said, ceaseless demand from the
  relatively unstirred electrical electronics
  industry is likely to be the saving grace for the
  para-aramid market in the long-term, nudging it
  to a value of US 2.7 Billion by 2026.
• Commonly known as Kevlar, para-aramid was first
  developed at DuPont by Stephanie Kwolek in the
  1930s.
• However, it was first made commercially available
  in the 1970s as a replacement for steel in racing
  tires.
• Para-aramid possesses higher crystallinity as
  compared to meta-aramid and is manufactured
  through the dry-jet wet spinning method.
• It is used across industries for a broad range of
  applications such as ropes and cables, tire
  reinforcements, optical fiber cables, hose
  reinforcements, friction materials, and ballistic
  protection.
• Over the years, there have been several
  advancements in the industry concerning the
  development of new products.
• For instance, Teijin, in 2017, introduced a new
  para-aramid fabric that protects structures from
  airborne volcanic fragments. Teijin Ltd. And
  DuPont de Nemours, Inc. maintain unambiguous
  precedence in the market, occupying over 80
  market share.
• Many other prime factors fueling the growth of
  the market in the long-term are increasing
  wireless infrastructure revenue, rising 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, and the fibers
  upper hand among their archrivals such as steel
  and carbon fibers.

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Market Insights

• By End-Use Industry Type
• The market is segmented as aerospace defense,
  automotive, electrical electronics, oil gas,
  and industrial.
• One of the cornerstones of the global economy,
  the oil gas industry, faced an abysmal impact
  of the pandemic, suffering the third price
  collapse in the past 12 years, with the prices
  reaching 30-year lows.
• The two largest demand-generators of the market
  the resilient aerospace defense and automotive
  industries are likely to rebound gradually,
  creating an array of opportunities in the long
  run.
• Lastly, the rather unwary electrical
  electronics industry is expected to be the
  thrust-bearer of the market.
• By Application Type
• The market is segmented as protection safety,
  electrical transmission, tire reinforcement,
  rubber reinforcement, friction materials, and
  others.
• Protection safety is likely to maintain its
  dominance in the market throughout the forecast
  period with usage in crucial areas of application
  such as armored vehicles, high-tech aerospace
  applications, and bullet-proof body armor.

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Market Insights

• By Region
• North America and Europe held the major chunk of
  the market in 2020.
• These two regions, with the presence of key
  players, are likely to maintain their dominance
  in the years to come.
• Asia-Pacific is expected to most efficiently
  handle the crisis at hand, growing at the highest
  rate during 2021-2026.
• The Chinese para-aramid fiber industry developed
  late but progressively achieved industrialization
  during the past decade.
• India to become the next potential manufacturing
  hub, decking up to welcome companies willing to
  move away from China amid the pandemic.

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Competitive Insights
Para-Aramid Fiber Market, regional expansion, and
execution of mergers acquisitions are the key
strategies adopted by the major players to gain a
competitive edge in the market. Key Companies
Analysed

• Teijin Ltd.
• DuPont de Nemours, Inc.
• Kolon Industries, Inc.
• Hyosung
• Yantai Tayho Advanced Materials Co. Ltd., etc.

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Research Methodology
Data Analysis Top Down and Bottom Up Approach)
Data Triangulation Data Evaluation and Multiple
Data Triangulation)
Final Deliverables Final Report with All Findings)
Stratview Research follows a rigorous methodology
with high emphasis on primary research and
multiple ways of data triangulation. We conduct
primary research across the value chain to
provide 360 degree view of the market.
Secondary Research
Stratview Research Internal Knowledgebase
Primary Research

• Annual Reports / Fact Book
• Company Websites
• Magazines / Publications
• Press Releases Journals
• Industry News
• Association Articles
• Government Documents
• Social Media
• Others

• Robust database across value chain
• In-house industry veterans as advisors
• Project based subject matter experts

• Industry Players
• Industry Experts
• Suppliers
• Customers
• Associations
• Government Institutions
• Others

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Report Features

• This report provides market intelligence in the
  most comprehensive way. The report structure has
  been kept such that it offers maximum business
  value. It provides critical insights on the
  market dynamics and will enable strategic
  decision making for the existing market players
  as well as those willing to enter the market. The
  following are the key features of the report
• Market structure Overview, industry life cycle
  analysis, supply chain analysis.
• Market environment analysis Growth drivers and
  constraints, Porters five forces analysis, SWOT
  analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics Market share,
  product portfolio, product launches, etc.
• Attractive market segments and associated growth
  opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing
  and new players.
• Key success factors.

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Market Segmentation

• The para-aramid fiber market is segmented into
  the following categories.
• Para-Aramid Fiber Market Size, Share Forecast,
  by Application Type
• Protection Safety
• (Regional Analysis North America, Europe,
  Asia-Pacific, and RoW)
• (Sub Application Analysis Personal Protection,
  Protective Apparels, and Armored Vehicles)
• Electrical Transmission
• (Regional Analysis North America, Europe,
  Asia-Pacific, and RoW)
• (Sub Application Analysis Optical Fiber Cables
  and Others)
• Tire Reinforcement
• (Regional Analysis North America, Europe,
  Asia-Pacific, and RoW)
• (Sub Application Analysis Passenger Car,
  Aircraft Tire, Bicycle Tire, Racing
  Motorcycles, and Others)
• Rubber Reinforcement
• (Regional Analysis North America, Europe,
  Asia-Pacific, and RoW)
• (Sub Application Analysis Conveyor Belts, Hoses,
  Power Transmission Belts, and Others)
• Friction Materials
• (Regional Analysis North America, Europe,
  Asia-Pacific, and RoW)
• (Sub Application Analysis Brake Pads, Gaskets,
  and Others)
• Others
• (Regional Analysis North America, Europe,
  Asia-Pacific, and RoW)

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Market Segmentation

• Para-Aramid Fiber Market Size, Share Forecast,
  by Form Type
• Filament (Regional Analysis North America,
  Europe, Asia-Pacific, and RoW)
• Pulp (Regional Analysis North America, Europe,
  Asia-Pacific, and RoW)
• Staple Fiber (Regional Analysis North America,
  Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis North America, Europe,
  Asia-Pacific, and RoW)
• Para-Aramid Fiber Market Size, Share Forecast,
  by End-Use Industry
• Aerospace Defense (Regional Analysis North
  America, Europe, Asia-Pacific, and RoW)
• Automotive (Regional Analysis North America,
  Europe, Asia-Pacific, and RoW)
• Electrical Electronics (Regional Analysis
  North America, Europe, Asia-Pacific, and RoW)
• Oil Gas (Regional Analysis North America,
  Europe, Asia-Pacific, and RoW)
• Industrial (Regional Analysis North America,
  Europe, Asia-Pacific, and RoW)
• Para-Aramid Fiber Market Size, Share Forecast,
  by Region
• North America (Country Analysis The USA, Canada,
  and Mexico)
• Europe (Country Analysis Germany, France, the
  UK, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis Japan, China,
  India, and Rest of Asia-Pacific)
• Rest of the World (Country Analysis Brazil,
  Saudi Arabia, and Others)

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