The Global Kevlar Fiber Market Size is valued at 450.91 million in 2022 and is predicted to reach 682.65 million by the year 2031 at an 4.92% CAGR during the forecast period for 2023-2031.
The fiber kevlar, which belongs to the family of aliphatic polyamides, combines high stiffness, tensile physical, durability, and thermal stability. Due to strict government requirements regarding worker safety, kevlar fiber market expansion is propelled by rising product consumption from various industries, including healthcare, oil & gas, manufacturing, and others.
Many nations' rising defense expenditures and the aerospace industry's rising need for kevlar fiber are anticipated to fuel the market's expansion. The market, gained from a significant rise in market growth from the medical industry. A rise in drilling activities both onshore and offshore, as well as the development of the shale oil and gas industry, are predicted to enhance demand for the product.
Additionally, as a result of temporary production halts in end-user industries like automobiles, aircraft, and semiconductors during the pandemic scenario, there was a decrease in the requirement for kevlar fiber-based products, which in turn had a negative influence on the demand. However, governmental limitations led to the temporary closure of many different industries, reducing the product market.
Recent Developments:
- In November 2020-A deal for delivering 38 new Eurofighter aircraft, including 30 single-seaters and eight twin-seaters, to the German Air Force was signed by Airbus.
- In March 2019-German airline Lufthansa placed orders for 20 brand-new Boeing 787-9 aircraft and 20 Airbus A350-900 long-haul airplanes, which will be delivered between late 2022 and 2027.
Competitive Landscape:
Some of the major key players in the Kevlar Fiber market are:
- Aramid Hpm LLC
- S.R. Inc.
- China National Bluestar (Group) Co., Ltd.
- CTech LLC
- DuPont De Numerous Inc.
- Final Advance Materials
- GAB Neumann Gmbh
- Hexcel Corporation
- Huvis Corporation
- Hyosung Advanced Materials
- Kermel
- Kermel S.A.
- Kolon Industries Inc.
- MiniFIBERS Inc.
- SRO Aramid (Jiangzu) Co., Ltd.
- Stern EWS
- Teijin Ltd.
- Toray Industries Inc.
- Yantai Tayho Advanced Materials Co. Ltd
Market Segmentation:
The kevlar fiber market is segmented based on application. By application, the market is segmented as safety and protection, aerospace, industrial filtration, frictional materials, rubber and tire reinforcement, optical fibers, electronics and telecommunication and others.
The Safety And Protection Segment Witnessed Growth At A Rapid Rate
The safety and protection segment projected to grow rapidly in the global kevlar fiber market. This application segment is anticipated to rise thanks to the rising use of the product in protective apparel impenetrable to bullets and stabs as well as in helmets and protective gloves. Kevlar fiber is increasingly utilized in aerospace applications, including leading and trailing edge panels, suspension and steering doors, and the primary wing and fuselage architecture in new-generation aircraft. The product's characteristics, such as its exceptional strength, impact resistance, and lightweight, are anticipated to lead to a high consumption rate, especially in countries such as the US, Germany, UK, China, and India.
The North America Kevlar Fiber Market Holds A Significant Regional Revenue Share
The North America kevlar fiber market is expected to register the highest market share in revenue soon. The region's expanding refurbishment operations, along with strict rules governing worker safety & protection in a variety of industries, are expected to drive market expansion. The ANSI in the United States has established protection standards that are projected to increase demand for goods such as protective gloves, helmets, and apparel. Significant investments will be expected in the industry, infrastructure, and healthcare sectors. In addition, Asia Pacific is projected to grow rapidly in the global kevlar fiber market. The demand for products in APAC is also projected to be influenced by growing internet usage in emerging economies, fast industrialization, and strong expansion in the telecom sector. Due to rising geopolitical tensions, big nations like China and India are spending more on the military, which is projected to present market expansion prospects.
Kevlar Fiber Market Report Scope:
|
Report Attribute |
Specifications |
|
Market size value in 2022 |
USD 450.91 Mn |
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Revenue forecast in 2031 |
USD 682.65 Mn |
|
Growth rate CAGR |
CAGR of 4.92% from 2023 to 2031 |
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Quantitative units |
Representation of revenue in US$ Million, and CAGR from 2023 to 2031 |
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Historic Year |
2019 to 2022 |
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Forecast Year |
2023-2031 |
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Report coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments covered |
Application |
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Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia |
|
Competitive Landscape |
Aramid Hpm LLC, C.S.R. Inc., China National Bluestar (Group) Co., Ltd., CTech LLC, DuPont De Numerous Inc., Final Advance Materials, GAB Neumann Gmbh, Hexcel Corporation, Huvis Corporation, Hyosung Advanced Materials, Kermel S.A., Kolon Industries Inc., MiniFIBERS Inc., SRO Aramid (Jiangzu) Co., Ltd., Stern EWS, Teijin Ltd., Toray Industries Inc., Yantai Tayho Advanced Materials Co. Ltd |
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Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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