Northbrook, IL 60062 -- (SBWIRE) -- 12/20/2023 -- 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", 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

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=166804023

Aramid fibers are a family of high-strength, high-modulus fibers made from aramid resin. Aramid fibers are long-chain synthetic polyamides with extremely high tensile strength, which are frequently used in advanced composite products that require high strength and are lightweight. There are two types of aramid fiber, para-aramid and meta-aramid.

In terms of value, staple continues to be the largest type segment in 2021. Apparel is the largest application segment of the meta-aramid fiber market. In terms of value, Europe was the largest market for meta-aramid fiber in 2021. Meta-aramid fibers face a significant threat from substitutes as they are frequently used with other advanced fibers with similar structural and physical properties. The threat of new entrants is low in the market, as this market has high cost of setting up manufacturing plants and low-profit margins.

"Paper is estimated to be the fastest-growing type in the meta-aramid fiber market for the forecast period."
Meta-aramid in paper form has excellent properties such as high strength, low deformation, electrical insulation, high temperature resistance, corrosion and flame resistance. Paper is available in majorly two forms insulation paper and structural materials paper. Meta-aramid shortcut fibers are majorly used in the production of electrical insulation paper.

"Electric insulation was the second major application for the meta-aramid fiber market in 2021 in the global market"
Electrical insulators are used to hold conductors in position, this keeps them apart from one another and from nearby structures. They act as a barrier in an electric circuit, limiting the passage of electricity to wires or other conducting paths as desired. Meta-aramid fibers are majorly used in electric insulation for automotive, including electric vehicles. Electric vehicle insulations are used to insulate different components of an electric vehicle for thermal, electrical, and acoustic management. Insulation protects the components against cold in winter and excess heat in summer.

Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=166804023

"Europe is estimated to be the largest region in meta-aramid fiber market in 2020."
Industrial expansion and technological developments in the region are driving the consumption of meta-aramid fiber. The growth of the market is also expected to be supported by the improving global economy. Stringent safety regulations within industries such as oil & gas, construction, aluminum, and steel are fueling the demand for protective clothing, which, in turn, is further driving the demand for meta-aramid fibers in the region.

The key market players 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).

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com