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(Transportation-News.com, October 11, 2024 ) The report "Meta-aramid Fiber Market by Type (Staple, Filament, Paper), Application (Nonwoven Bagfilter, Apparel, Turbohose, Electric Insulation, Honeycomb Reinforcement), and Region (Asia Pacific, Europe, North America, MEA, South America) - Global Forecast to 2027" The global Meta-aramid Fiber Market is projected to reach USD 2.3 billion by 2027, at a CAGR of 10.6% from USD 1.4 billion in 2022.
Browse in-depth TOC on "Meta-aramid Fiber Market”
246 - Market Data Tables
56 - Figures
224 - Pages
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Based on type, the meta-aramid fiber market is segmented into staple, filament and paper. Staple accounted for the largest share in 2021. Growth in the market size of staple fiber is attributed to the increased demand for protective clothing across the globe. Government authorities in developed countries are increasingly concerned about the health and safety of the workers.
Based on application, the meta-aramid fiber market is broadly segmented into apparel, nonwoven bag filter, turbo hose, honeycomb reinforcement, electrical insulation, and others. The apparel segment dominated the global meta-aramid fiber market, in terms of value, in 2021. It is projected to maintain its leading position until 2027 because of the increasing demand from emerging economies such as China, Brazil, and India.
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On the basis of region, Europe is estimated to be the largest market for meta-aramid fiber in 2021. Stringent safety regulations within industries such as oil & gas, construction, aluminum, and steel are fueling the demand for protective clothing, which is driving the meta-aramid fiber market in Europe.
Meta-aramid Fiber Market Key Players
The key market players in Meta-aramid Fiber market profiled in the report include Teijin Ltd. (Japan), DuPont De Numerous, Inc. (US), Yantai Tayho Advanced Materials Co., Ltd. (China), Toray Industries, Inc. (Japan), Huvis Corporation (South Korea), Kermel (France), X-FIPER New Material Co., Ltd. (China), Aramid HPM, LLC (US), Shanghai J&S New Materials Co., Ltd. (China) and Lydall Industrial Filtration (UK). They have been adopting new mergers & acquisitions and expansion strategies to gain an advantage over their competitors.
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