Chemical & Materials
The global aramid fiber market reached a value of US$ 3.9 Billion in 2023. As per the analysis by IMARC Group, the top aramid fiber companies focus on providing better customer service. The increasing demand from the automotive industry for lightweight and high-strength materials for vehicle components is significantly contributing to the market. In line with this, the growing adoption of aramid fibers in the aerospace industry for aircraft parts due to their high strength-to-weight ratio is offering numerous opportunities for the market players. Furthermore, the rising demand for protective clothing and equipment in industries such as oil & gas, construction, and military & defense is positively influencing the market. Apart from this, the shifting focus on renewable energy sources, such as wind energy, is driving the demand for aramid fiber-reinforced composites in wind turbine blades. Moreover, considerable growth in the construction industry, particularly in emerging economies, is accelerating the demand for aramid fiber for building reinforcements. Besides, continual advancements in technology, such as the development of new processing methods, are increasing the production efficiency of aramid fibers. Additionally, the escalating awareness about the benefits of aramid fibers, such as their resistance to heat and chemicals, is driving their uptake in various industries. By 2032, the market value is projected to reach a value of US$ 5.0 Billion, growing at a CAGR of 2.9% during 2024-2032.
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The global aramid fiber market has several major players, including Teijin, DuPont de Nemours Inc., Yantai Tayho Advanced Materials Company, Hyosung Corporation, Toray Chemical Korea, Kolon Industries, Huvis, China National BlueStar Group Company, Taekwang Industrial, JSC Kamenskvolokno and Guangdong Charming Company, etc. More information about these companies has been provided below.
Establishment: |
1918 |
Headquarters: |
Tokyo, Japan |
Website: |
http://www.teijin.com/ |
Teijin, a Japanese-based company, has its headquarters in Tokyo, Japan. With a wide selection of high-quality goods and services, the business operates in pharmaceuticals, chemicals, and information technology. Teijin, a company that complies with modern technology standards, provides high-performance healthcare items, fiber materials, air purifiers, and other household appliances. The company has worked with other business firms to create cutting-edge products and make them available globally. To eliminate carbon emissions by 2050, the business adopted the sustainability principle for environmental protection. It has started several initiatives, such as recycling and using fewer resources. Thus, Teijin is a global company with strong growth in diversified communities.
Establishment: |
2017 |
Headquarters: |
Delaware, United States |
Website: |
https://www.dupont.com/ |
American multinational corporation DuPont de Nemours Inc. was established in 2017. It is sometimes called DuPont and has expertise in chemicals, highly developed electronic devices, imaging, and printing. The corporation broadens its focus to include industrial and healthcare products, renewable and safe transportation infrastructure, agriculture, nutrition, etc. DuPont has prioritized sustainable development to address emerging demands while taking special care of the environment. The corporation is headquartered in Wilmington, Delaware, and has locations worldwide.
Establishment: |
1993 |
Headquarters: |
Yantai, China |
Website: |
http://en.tayho.com.cn/ |
Yantai Tayho Advanced Materials Company, a Chinese company founded in 1993, has its headquarters in Yantai, Chin. The company strongly emphasizes research and development. It has created cutting-edge products to keep up with technological advances. Its objective is to deliver high-performance goods and services. The corporation has broadened its ambition by opening offices in the United States, Asia, and Europe. The company primarily works with electronic industries, developing modern components, pharmaceutical and healthcare products, specialized chemicals, etc. Yantai Tayho has acknowledged the growing necessity for environmental preservation through sustainability and corporate social responsibility. Following these guidelines led the corporation to win multiple accolades for its social activities and environmental awareness programs.
Establishment: |
1966 |
Headquarters: |
Seoul, South Korea |
Website: |
http://www.hyosung.com/en/index.do |
Hyosung Corporation is a South Korean company founded in 1966 and headquartered in Seoul, South Korea. It is an independent, diversified company that operates in various industries, including industrial products, chemicals, buildings, and information technology. Large-scale construction projects, including airports, power plants, and highways, have all been started by the corporation. With a significant technological presence, the company guarantees that all customers will receive high-quality products and services. The business routinely evaluates how well the environment is being protected through efforts to cut carbon emissions, produce products that use less energy, and exercise social responsibility.
Establishment: |
1972 |
Headquarters: |
South Korea |
Website: |
https://www.toray.com/global/ |
Toray Chemical Korea is a Japanese multinational company established in 1999 and headquartered in Seoul, South Korea. The company produces polymers, chemicals, fibers, films for electronic and packaging items, and other materials. The company specializes in creating high-quality films like polyester and polypropylene. High performance, heat resistance, mechanical strength, etc., are all provided by these films. The Toray Company is dedicated to the sustainable use of resources. It has launched several efforts to protect the environment, such as supporting renewable energy, water consumption, waste management, etc. In addition, the corporation has supported numerous initiatives for community improvement and education.
Establishment: |
1957 |
Headquarters: |
Seoul, South Korea |
Website: |
http://www.kolonindustries.com/ |
Kolon Industries is a South Korean company founded in 1957 in Seoul, South Korea. The company provides industrial, chemical, fashion, and healthcare products. The company has grown its operations across the globe, especially in North America, Asia, and Europe. The business produces industrial fabrics, high-performance skills, safety gear, and fibers. By establishing its own sports brand, Kolon Industries has similarly targeted one of the fashion sectors with the fastest growth rate. Along with it, the company's rapid expansion in the production of pharmaceutical and healthcare products has propelled it to the top of the list of the world's fastest-growing industries. The business has significantly aided in community growth and environmental sustainability.
Establishment: |
2000 |
Headquarters: |
Seoul, South Korea |
Website: |
http://www.huvis.com/eng/ |
Huvis is a South Korean company founded in Seoul, South Korea, in 2000. It is a well-known corporation that deals in chemicals, electronics, and fibers like nylon and polyester, providing smooth product performance and accessibility. The fibers offer increased strength and durability and are used to make clothing, airbags, and other products. The company offers high-performance and innovative products in response to consumer expectations and the availability of a wide range of goods, including car, industrial, and textile products.
Establishment: |
1984 |
Headquarters: |
Beijing, China |
Website: |
http://www.china-bluestar.com/lanxingen/ |
Established in Beijing, China, in 1984, the China National BlueStar Group Company is a chemical company owned by the Chinese. ChemChina is the common name for it. With offices in North America, South America, Europe, and Asia, ChemChina is one of the world's largest and fastest-growing chemical firms. It offers various industrial products, including those made of plastic, rubber, fibers, agricultural products, electronics, and other items. High-quality and high-performing goods and services are guaranteed to be offered. Through different awareness campaigns, the company has significantly contributed to promoting sustainability. It has also continually strived to eradicate poverty and promote equitable community development.
Establishment: |
1950 |
Headquarters: |
Seoul, South Korea |
Website: |
Website: http://www.taekwang.co.kr/ |
Founded in 1950 in Seoul, South Korea, Taekwang Industrial is a South Korean company. The business deals with chemicals, textiles, and real estate. It is largely concerned with producing textile goods like fabrics, clothing, and other accessories. Additionally, it makes chemical-based goods, including polyethylene and polypropylene. As its real estate industry grows, the company develops various residential and commercial properties in South Korea. The company has started a carbon footprint program, recycling promotion, energy consumption, etc., due to the company's increasing pace of expansion and growth.
Establishment: |
1939 |
Headquarters: |
Kamensk-Uralsky, Russia |
Website: |
http://www.kamvol.com/en/ |
JSC Kamenskvolokno is a Russian company founded in 1939 in Kamensk-Uralsky, Russia. The company manufactures a range of goods, including fibers like polyester and aramid. These fibers offer excellent resistance and durability and are mostly employed in producing industrial items such as aerospace and automobiles. It also possesses experience in the textile sector and manufactures premium textiles, yarns, apparel, and other clothing items that offer comfort and flexibility. The business also creates cutting-edge items using technology and design to satisfy consumer desires.
Establishment: |
1985 |
Headquarters: |
Guangzhou, China |
Website: |
http://www.charmingmb.com/ |
Guangdong Charming Company is a Chinese company established in 1985 with its headquarters in Guangzhou, China. It is involved in the production of lingerie and swimwear. As a result of the company's continued global expansion, it makes an ongoing effort to offer top-notch goods that follow the most recent trends and have innovative designs. It specializes in creating lingerie, swimwear, and various types of clothing for both men and women. The company provides a wide selection of products to satisfy customer demand by staying ahead of industry developments. It guarantees its clients cozy, breathable, chic, and appropriate clothing. With an enhanced focus on sustainable development, the business has decided to concentrate primarily on environmental preservation, which has significantly aided in the expansion of the business.
About Author:
Shree Basu Shree Basu is an experienced content writer with a passion for researching about diverse markets, ranging from technology to chemistry to agriculture. She has around two years of experience in different aspects of market research and has worked with multiple startups and enterprises in the B2B, B2C, and retail industries. In her free time, Shree enjoys reading, feeding stray animals, and watching crime documentaries. |
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