1 INTRODUCTION 15
1.1 OBJECTIVES OF THE STUDY 15
1.2 MARKET DEFINITION 15
1.3 MARKET SCOPE 16
1.3.1 YEARS CONSIDERED FOR THE STUDY 17
1.4 CURRENCY 17
1.5 UNIT CONSIDERED 17
1.6 STAKEHOLDERS 17

2 RESEARCH METHODOLOGY 18
2.1 RESEARCH DATA 18
2.1.1 SECONDARY DATA 19
2.1.1.1 Key data from secondary sources 19
2.1.2 PRIMARY DATA 19
2.1.2.1 Key data from primary sources 20
2.1.2.2 Breakdown of primary interviews 20
2.2 MARKET SIZE ESTIMATION 21
2.2.1 BOTTOM-UP APPROACH 21
2.2.2 TOP-DOWN APPROACH 22
2.3 DATA TRIANGULATION 23
2.4 ASSUMPTIONS 24
2.5 LIMITATIONS 24

3 EXECUTIVE SUMMARY 25

4 PREMIUM INSIGHTS 29
4.1 SIGNIFICANT OPPORTUNITIES IN THE ARAMID FIBER MARKET 29
4.2 ARAMID FIBER MARKET, BY TYPE 29
4.3 APAC ARAMID FIBER MARKET, BY APPLICATION AND COUNTRY 30
4.4 ARAMID FIBER MARKET ATTRACTIVENESS 30

5 MARKET OVERVIEW 31
5.1 INTRODUCTION 31
5.2 MARKET DYNAMICS 31
5.2.1 DRIVERS 32
5.2.1.1 Increased demand for lightweight materials in security &
protection applications 32
5.2.1.2 Rising need for lightweight materials offering significant emission reduction in vehicles 32
5.2.1.3 Potential substitute for steel and asbestos 32
5.2.2 RESTRAINTS 33
5.2.2.1 High R&D costs 33
5.2.2.2 Non-biodegradable nature of aramid fibers 33
5.2.2.3 Barriers for new entrants 33
5.2.3 OPPORTUNITIES 33
5.2.3.1 Increasing demand for homeland security and
higher defense spending 33
5.2.3.2 Advancements in aramid materials manufacturing technology 33
5.2.4 CHALLENGES 34
5.2.4.1 High cost of production 34
5.3 PORTER’S FIVE FORCES ANALYSIS 34
5.3.1 THREAT OF SUBSTITUTES 35
5.3.2 THREAT OF NEW ENTRANTS 35
5.3.3 BARGAINING POWER OF SUPPLIERS 35
5.3.4 BARGAINING POWER OF BUYERS 36
5.3.5 INTENSITY OF COMPETITIVE RIVALRY 36
5.4 MACROECONOMIC INDICATORS 37
5.4.1 GDP TRENDS AND FORECAST OF MAJOR ECONOMIES 37
5.4.2 TRENDS AND FORECAST OF AUTOMOTIVE INDUSTRY AND
ITS IMPACT ON ARAMID FIBER MARKET 38
5.4.3 TRENDS AND FORECAST OF MILITARY & DEFENSE INDUSTRY AND
ITS IMPACT ON ARAMID FIBER MARKET 39

6 ARAMID FIBER MARKET, BY TYPE 41
6.1 INTRODUCTION 42
6.2 PARA-ARAMID FIBER 43
6.2.1 RISING DEMAND IN THE TRANSPORTATION INDUSTRY IS DRIVING
THE PARA-ARAMID FIBER IN APAC 43
6.3 META-ARAMID FIBER 45
6.3.1 GROWING NEED FROM THE PROTECTIVE CLOTHING APPLICATION
TO DRIVE THE GROWTH OF META-ARAMID FIBER 45

7 ARAMID FIBER MARKET, BY APPLICATION 46
7.1 INTRODUCTION 47
7.2 SECURITY & PROTECTION 48
7.2.1 SECURITY & PROTECTION SEGMENT ACCOUNTED FOR
THE LARGEST APPLICATION OF ARAMID FIBERS 48
7.3 FRICTIONAL MATERIALS 49
7.3.1 ADVANCEMENTS IN TRANSPORTATION INDUSTRY TO DRIVE
THE ARAMID FIBER MARKET FOR FRICTIONAL MATERIALS 49
7.4 INDUSTRIAL FILTRATION 50
7.4.1 META-ARAMID FIBER IS EXTENSIVELY USED IN INDUSTRIAL FILTRATION APPLICATION OWING TO HIGH THERMAL AND CHEMICAL RESISTANCE 50
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7.5 OPTICAL FIBERS 51
7.5.1 OPTICAL FIBERS SEGMENT IS PROJECTED TO REGISTER THE HIGHEST CAGR DURING THE FORECAST PERIOD 51
7.6 RUBBER REINFORCEMENT 52
7.6.1 ARAMID FIBERS ARE USED AS RUBBER REINFORCEMENT IN HOUSES, CONVEYORS BELTS, AND AUTOMOBILES 52
7.7 TIRE REINFORCEMENT 53
7.7.1 ARAMID FIBERS HELP MAINTAIN THE SHAPE OF
THE TIRE AT VERY HIGH SPEEDS 53
7.8 ELECTRICAL INSULATION 54
7.8.1 INCREASING USE OF ARAMID FIBERS IN TRANSFORMERS, GENERATORS, AND HYBRID ELECTRICAL SYSTEMS TO DRIVE THE MARKET 54
7.9 OTHERS 55
7.9.1 COMPOSITES 55
7.9.2 AEROSPACE 55
7.9.3 RECREATIONAL GOODS 56
7.9.4 ROPES & CABLES 56

8 ARAMID FIBER MARKET, BY REGION 57
8.1 INTRODUCTION 58
8.2 EUROPE 59
8.2.1 GERMANY 64
8.2.1.1 Germany is expected to grow with highest CAGR in
Europe during forecast period 64
8.2.2 UK 65
8.2.2.1 Growing automotive and chemical industries in
UK to boost the market 65
8.2.3 FRANCE 66
8.2.3.1 The presence of a large number automobile manufacturing companies boost the market in the country 66
8.2.4 SPAIN 67
8.2.4.1 Spain is gaining momentum with the growing automotive industry in the country 67
8.3 NORTH AMERICA 68
8.3.1 US 71
8.3.1.1 US accounted for the largest market size in the aramid fiber market in North America 72
8.3.2 CANADA 73
8.3.2.1 The growing use of fiber optics-based networks will support the demand for aramid fibers in the country 73
8.3.3 MEXICO 74
8.3.3.1 Mexico is expected to witness the highest growth rate in
the aramid fiber market in North America 74
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8.4 APAC 75
8.4.1 CHINA 79
8.4.1.1 China to be the largest country for aramid fibers in APAC region 80
8.4.2 JAPAN 82
8.4.2.1 Stringent environmental regulations to drive the growth of the aramid fiber market in the country 82
8.4.3 INDIA 83
8.4.3.1 India to be the fastest-growing country for aramid fibers in APAC region 84
8.4.4 SOUTH KOREA 86
8.4.4.1 Increased demand from the automotive industry contributes significantly to the growth of the aramid fiber market in the country 86
8.5 MIDDLE EAST & AFRICA 88
8.5.1 SAUDI ARABIA 91
8.5.1.1 Optical fibers to be the fastest-growing application for aramid fiber market in Saudi Arabia 91
8.5.2 UAE 92
8.5.2.1 Increase in demand from oil & gas industry to drive the market
in the country 92
8.6 SOUTH AMERICA 93
8.6.1 BRAZIL 96
8.6.1.1 Aramid fibers are increasingly being used in optical fibers application in Brazil 96

9 COMPETITIVE LANDSCAPE 97
9.1 INTRODUCTION 97
9.2 MARKET RANKING 98
9.3 COMPETITIVE SCENARIO 99
9.3.1 EXPANSIONS & INVESTMENTS 99
9.3.2 ACQUISITIONS 100
9.3.3 NEW PRODUCT LAUNCHES 100
9.3.4 PARTNERSHIPS & COLLABORATIONS 101

10 COMPANY PROFILES 102
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
10.1 TEIJIN LTD. 102
10.2 DOWDUPONT INC. 105
10.3 YANTAI TAYHO ADVANCED MATERIALS CO. 108
10.4 HYOSUNG CORP. 110
10.5 TORAY INDUSTRIES INC. 112
10.6 KOLON INDUSTRIES INC. 114
10.7 HUVIS CORP 116
10.8 KERMEL 117
10.9 CHINA NATIONAL BLUESTAR (GROUP) CO., LTD. 118
10.10 SRO ARAMID (JIANGSU) CO. LTD. 119
10.11 TAEKWANG INDUSTRIAL CO., LTD. 120
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.

11 APPENDIX 121
11.1 INSIGHTS FROM INDUSTRY EXPERTS 121
11.2 DISCUSSION GUIDE 122
11.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 125
11.4 AVAILABLE CUSTOMIZATIONS 127
11.5 RELATED REPORTS 127
11.6 AUTHOR DETAILS 128