Aramid Fiber Reinforced Polymer Market: Overview and Dynamics
Aramid fibers are strong synthetic and heat resistant fibers. Aramid Fiber Reinforced Polymers are mostly used in Aerospace and Defense/Military applications. They are generally organized by the reaction between a carboxylic acid halide group and an amine group and are manufactured by rotating the melted polymer to a solid fiber from a liquid chemical combination. There are four different appearances in Aramid Fiber Reinforced Polymer such as fiber, chopped fiber, pulp and powder.
Aramid fibers have characteristics such as low flammability, resistance to organic solvents, fabric integrity at elevated temperatures, resistance to abrasion and high melting points to favor the demand growth from a bundle of industries. The polymer also has characteristics such as high strength to high weight ratio which is set to cater the demand for manufacturing bundles of sports equipment such as tennis & racquets, golf clubs, bikes, skies, and others. Moreover, low stretch, high strength, and scratch resistance properties provide an arena for the aramid fibers for its integration in manufacturing ropes and cables.
Aramid Fiber Reinforced Polymer is a type of thermoplastic that gives an extra edge for material penetration in the bundle of industries. Apart from its extensive properties, the Aramid Fiber Reinforced Polymer application as a thermoplastic to bolster the demand over the long-run forecast period. Thermoplastic property of the product to showcase the flexible feature which could remove the barriers of the product integration into the niche markets. Apart from its flexible feature, Aramid Fiber Reinforced Polymer is moldable which enhances the overall attractiveness of the product in the bundled industries ranging from Aerospace to sports equipment market.
Polypropylene thermoplastic polymer is strong and light as well as transparent. This polymer can be used as both fiber and plastic both. It is easily colored and does not absorb water. This thermoplastic is used to make textile fibers, furniture, containers, carpets and ropes. Polystyrene or Styrofoam is hard, transparent and inflammable, it is very bright and generally used for replacing glass, aluminum and wood.
Thermoset is another product type of Aramid Fiber Reinforced Polymer. This polymer-based material is indecipherable and non-melting. Though thermoplastic polymers come in an extensive variety of formats and oblige many unique purposes, the basic landscapes of these materials remain the same such as recyclability and flexibility.
Aramid fibers are used for flame-resistant clothing, helmets and heat-protective clothing, rubber goods reinforcement, hot air filtration fabrics, ropes and cables, sporting goods, optical fiber cable systems, and many more. The physical and mechanical properties of aramid fiber reinforced polymer such as Filament diameter is 12(μm), Tensile strength is >2900 (MPa), Elongation at break is 2.6%, density is 1450 (kg·m-3) and Elasticity is 70 (GPa). Kevlar and Nomex are well-recognized trade names of aramid fibers owned by DuPont.
The rising demand for aircraft and military applications such as ballistic body armor fabric and ballistic amalgams are driving the Aramid fibers reinforcement polymer market. The Aramid Fiber Reinforced Polymer market is awaited to incursion ahead with a higher single-digit CAGR over the forecast period.
Aramid Fiber Reinforced Polymer Market: COVID-19 Impact Insights
Strong imposition of lockdown across the globe has put bundle of markets on slow track. So, the growth from this 2020 year was low for Aramid Fiber Reinforced Polymer market as compared to the previous years. Because of Covid-19, many more end-use industries are closed during the lockdown period so the Aramid Fiber Reinforced Polymer market growth rate is affected. Almost all international, as well as domestic flights, are cancelled so the demand and supply equilibrium of aerospace industry went to down. Almost all industries such as Automotive, Aerospace, Construction and Others are faced the huge amount of loss. This in result has disrupted almost every market and Aramid Fiber Reinforced Polymer market has also been affected largely. Moreover, consistently progressing workplace safety processes would help the Aramid Fiber Reinforced Polymer market recover strongly by the first trimester of 2021.
Sports Industry to Create a Strong Demand for the Aramid Fiber Reinforced Polymer over the Long-run Forecast period
Despite utilization of the aramid fiber reinforced polymers in bundle of industries such as aerospace, automotive, defense/military, sports and others. Sports is set to play a pivotal role in driving the demand of the aramid fiber reinforced polymers over the long-run forecast period. In the past half-decade, sports industry has burgeoned at CAGR 5%. This portrays an image of rate of penetration of the materials used in manufacturing sports equipment. Half trillion sports industry to cater higher demand for the aramid fiber reinforced polymers over medium run forecast period. Despite evolution of new materials as a substitute, aramid fiber reinforced polymers to hold a prominent share in the sports materials market. All in all, connecting the dots of the sports industry and aramid fiber reinforced polymers narrows down to a point where higher potential of the market could be comprehended.
Aramid Fiber Reinforced Polymer Market: Regional Outlook
Based on regional considered, the report Aramid Fiber Reinforced Polymer Market takes into six different regions which includes North America, Europe, Latin America, East Asia, South Asia and Oceania and Middle East & Africa. North America region is dominating the Aramid Fiber Reinforced Polymer market and is expected to maintain its dominance over the forecast period. The huge amount of construction activities in the North America region owing to rising disposable income is estimated to propel the revenue growth of North America Aramid Fiber Reinforced Polymer market.
Europe is anticipated to witness the momentous demand during the forecast period. Europe creates technological advancement in the automotive sector. Because of this technological advancements, Europe Aramid Fiber Reinforced Polymer market is projected to throttle.
Asia-Pacific region is strongly competing with North America and Europe in Aramid Fiber Reinforced Polymer market. The companies such as Teijin Aramid, Jiangsu Hongbo Communication Technology Co., Ltd, X- Fiper, Yantai Tayho Advanced Materials Co., Ltd, and Hyosung Advanced Material has strong market share in Asia-Pacific Aramid Fiber Reinforced Polymer market.
Latin America, Middle East and Africa account minimal shares under Aramid Fiber Reinforced Polymer market.
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Aramid Fiber Reinforced Polymer Market: Key Players
Being a discreetly consolidated Aramid Fiber Reinforced Polymer market, players have a foremost presence across regions through efficient distribution networks.
- Teijin Aramid
- Jiangsu Hongbo Communication Technology Co.Ltd
- X- Fiper
- Yantai Tayho Advanced Materials Co.Ltd.
- Hyosung Advanced Material
- and other key players are amongst the prominent players in Aramid Fiber Reinforced Polymer market accounting for over two-thirds of the market share.
The research report presents a comprehensive assessment of the Aramid Fiber Reinforced Polymer market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The Aramid Fiber Reinforced Polymer market report provides analysis and information, according to market segments such as geographies, product type, material type and end use.
The Aramid Fiber Reinforced Polymer Report Covers Exhaustive Analysis On:
- Market Segments
- Market Dynamics
- Market Size & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
An Adaptive Approach to Modern-day Research Needs
The Aramid Fiber Reinforced Polymer Regional Analysis Includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru)
- Europe (UK, Germany, Spain, France, BENELUX, Italy, Rest of Europe)
- East Asia (China, Japan, South Korea)
- South Asia & Oceania (India, ASEAN, Australia and New Zealand, Rest of South Asia & Oceania)
- The Middle East and Africa (GCC Countries, South Africa, Northern Africa, Turkey, Rest of MEA)
The Aramid Fiber Reinforced Polymer report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The Aramid Fiber Reinforced Polymer report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with market attractiveness as per segments. Aramid Fiber Reinforced Polymer report also maps the qualitative impact of various market factors on market segments and geographies.
The Aramid Fiber Reinforced Polymer Report Highlights:
- A detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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Segmentation Analysis of Aramid Fiber Reinforced Polymer Market:
The global Aramid Fiber Reinforced Polymer divided into five segments: By Type, By Structure, By Applications, End-users and By Regions.
On the basis of Product Type, Aramid Fiber Reinforced Polymer market has been segmented as follows:
On the basis of Structure Type, Aramid Fiber Reinforced Polymer market has been segmented as follows:
On the basis of Applications, Aramid Fiber Reinforced Polymer market has been segmented as follows:
- Security and Protection
- Frictional Materials
- Structural Materials
On the basis of end-users, Aramid Fiber Reinforced Polymer market has been segmented as follows:
- Aerospace Industry
- Automotive Industry
- Sport Industry
On the basis of Regions, Aramid Fiber Reinforced Polymer market has been segmented as follows:
- North America
- Latin America
- East Asia
- South Asia & Oceania
- The Middle East and Africa
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.
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