Jul 7, 2020   SOURCE: BusinessWire

Global Aramid Fibers Market Outlook 2020-2027: Meta-Aramid Segment Readjusted to a Revised 9.9% CAGR for the Next 7-Year Period due to COVID-19 - ResearchAndMarkets.com

The "Aramid Fibers - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Global Aramid Fibers Market to Reach US$6.3 Billion by the Year 2027

Amid the COVID-19 crisis, the global market for Aramid Fibers estimated at US$3.6 Billion in the year 2020, is projected to reach a revised size of US$6.3 Billion by 2027, growing at a CAGR of 8.4% over the period 2020-2027.

Para-Aramid, one of the segments analyzed in the report, is projected to grow at a 7.4% CAGR to reach US$3.4 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Meta-Aramid segment is readjusted to a revised 9.9% CAGR for the next 7-year period. This segment currently accounts for a 41.3% share of the global Aramid Fibers market.

The U.S. Accounts for Over 27.1% of Global Market Size in 2020, While China is Forecast to Grow at a 11.2% CAGR for the Period of 2020-2027

The Aramid Fibers market in the U.S. is estimated at US$963.8 Million in the year 2020. The country currently accounts for a 27.06% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$1.3 Billion in the year 2027 trailing a CAGR of 11.1% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.7% and 7.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 6.5% CAGR while Rest of European market (as defined in the study) will reach US$1.3 Billion by the year 2027.

The 286-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:

  • China National BlueStar (Group) Co. Ltd.
  • DowDuPont, Inc.
  • Huvis Corp.
  • Hyosung Corporation
  • Kermel
  • Kolon Industries, Inc.
  • Sro Aramid (Jiangsu) Co. Ltd.
  • TAEKWANG Industrial Co. Ltd.
  • Teijin Ltd.
  • Toray Industries, Inc.
  • Yantai Tayho Advanced Materials Co. Ltd.

Key Topics Covered

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Global Competitor Market Shares
  • Aramid Fiber Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
  • Impact of COVID-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

  • Total Companies Profiled: 43

For more information about this report visit https://www.researchandmarkets.com/r/rbl8nr