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Aramid Fiber Protective Apparel Market REPORT OVERVIEW
The global aramid fiber protective apparel market size was USD 2184.2 million in 2022 and market is projected to touch USD 3417.6 million by 2031, at a compound annual growth rate (CAGR) of 5.1% during the forecast period.
Specific clothing known as "Aramid Fiber Protective Apparel" is made to shield the wearer's body from harm or illness. It is typically employed in unique environments like high or low temperatures, strong acid or alkali or radiation, among others.
Growing industries in the automotive, aerospace, defense, and construction sectors are some of the main drivers of market revenue growth. The aramid fiber protective apparel market growth is also being driven by the expanding need for lightweight materials for personnel protective gear that shields the wearer from thermal, physical, electrical, and biological threats. Additionally, stab- and bullet-resistant products like gloves, helmets, and clothing are made from aramid fiber. Additionally, it is widely used in the manufacture of goods like fishing and golf rods, bows, skis, and wall materials for airplanes.
COVID-19 Impact: Closure of Industrial and Manufacturing Activities Restrained Growth
Due to a lack of demand from the industrial sector during the COVID-19 crisis, the aramid fiber protective apparel market saw a sharp fall in growth. Governmental limitations led to the temporary closure of many different industries, which in turn reduced the market for the products. The epidemic also caused significant financial losses for several manufacturers, which led some of them to decide to delay the installation of new automation systems.
LATEST TRENDS
"Increasing Urbanization to Propel Market Growth"
The global trend toward increased industrialization and urbanization is another factor fostering market expansion. The necessity for aramid fiber as an asbestos and steel replacement is being sparked by the expansion of new infrastructure projects, which is driving up urban migration. Over the course of the forecast period, additional variables such as extensive research and development (R&D) and expanding applications in the optical fiber sector are anticipated to propel aramid fiber protective apparel market revenue growth.
Aramid Fiber Protective Apparel Market SEGMENTATION
- By Type
The market is categorized based on types into Heavy Aramid Fiber Protective Clothing and Aramid Fiber Workwear.
- By Application
The market is subcategorized based on Firefighting & Law Enforcement Industry, Oil & Gas Industry, Construction & Manufacturing Industry, Mining Industry, Military Industry, and Others.
DRIVING FACTORS
"Wide-Ranging Applications to Lead Market Demand"
Various forms of aircraft, including spacecraft, fighter planes, passenger airlines, hot air balloons, and space shuttles, can use armored fibers for structural purposes. As fuel prices rise, commercial aircraft are always developing new technologies to enhance performance and boost fuel efficiency. It has been suggested that aramid fiber is the greatest material for increasing fuel efficiency because it is lightweight. As a result, aramid fiber is increasingly used in aircraft because it offers both corrosion and impact resistance. It also provides superior visual systems and thermal stability.
"Increasing Demand from Cement Industry to Drive Market Share "
Over the course of the forecast period, it is anticipated that increasing product demand from a variety of industries, including oil & gas, healthcare, manufacturing, and others, will propel the market's expansion. The cement sector is predicted to adopt more cutting-edge material handling equipment, such as wagon tipplers, belt conveyor systems, and bucket elevators for simple material handling and mobility in the cement industry.
RESTRAINING FACTORS
"High Costs to Hamper Market Growth"
These fibers high production costs and lack of biodegradability are likely to impede commercial expansion.
Aramid Fiber Protective Apparel Market REGIONAL INSIGHTS
"Asia Pacific to Lead Market Share with Growing Industrial Presence"
Asia Pacific region will lead the aramid fiber protective apparel market share. Due to the expansion of the industrial, aerospace, and military sectors in this region. Another factor influencing the market in the region is the rise in demand for strong, lightweight, and efficient vehicles. Additionally, Asia Pacific has strong rates of consumer products production and sales, which supports market expansion.
Due to the significant demand from the defense and automotive industries, North America is the second-largest region in terms of the aramid fiber market. One of the leading military powers in the globe, the U.S. is anticipated to maintain its supremacy during the forecast period, which is likely to increase product demand. Because of the rising demand for automobiles and the high level of disposable income.
KEY INDUSTRIAL PLAYERS
"Growing Industrial Activities in Developing Countries to Drive Demand"
The report has analyzed various global market players in the industry, and the information has been published after analysis of trends, key technological developments, and innovations. The report also includes research on companies, technical outcomes, and emerging industries' impact and risks. After a comprehensive analysis, the study considers all the points, thus generating future possibilities for the industry. Therefore, the factors specified in the report are subject to change as the market dynamics fluctuate. The Asia Pacific region will lead the industrial and supply chain production owing to innovations and product launches.
LIST OF TOP Aramid Fiber Protective Apparel COMPANIES
- DuPont (U.S.)
- Honeywell (U.S.)
- Lakeland (U.S.)
- Uvex (Germany)
- Delta Plus (France)
- Excalor (Germany)
- Respirex (U.K.)
- Drager (Germany)
- Ansell (Australia)
- TST (Sweden)
- STS (U.S.)
- Asatex (U.S.)
- Huatong (China)
REPORT COVERAGE
The report has examined elements that will affect the demand & supply and estimate forces for the forecast period. After thoroughly evaluating the industrial factors, the report provides an extensive, comprehensive SWOT analysis and estimates all the factors mentioned, taken into consideration after thorough research. The report also includes information on segmentation, market trends and the latest worldwide developments, key industry mergers and acquisitions, and an analysis of the risks of the laminated food and beverage steel industry. The report has listed the worldwide leading manufacturers and the regions that will experience growth during the period.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 2184.2 Million in 2022 |
Market Size Value By |
US$ 3417.6 Million by 2031 |
Growth Rate |
CAGR of 5.1% from 2022 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Types & Application |
Frequently Asked Questions
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What value is the aramid fiber protective apparel market expected to touch by 2031?
The global aramid fiber protective apparel market is expected to touch USD 3417.6 million by 2031.
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What CAGR will the aramid fiber protective apparel market exhibit by 2031?
The aramid fiber protective apparel market will exhibit a CAGR of 5.1% by 2031.
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What are the driving factors of the laminated food and beverage steel aramid fiber protective apparel market?
The aramid fiber protective apparel markets major driving factors are the increasing demand from cement industry and wide ranging application from various applications.
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What are the leading companies operating in the food and beverage steel aramid fiber protective apparel market?
DuPont, Honeywell, Lakeland, Uvex, Delta Plus, Excalor, Respirex, Drager, Ansell, TST Sweden, STS, Asatex, Huatong are the leading players in the aramid fiber protective apparel market.