The development prospects of aramid staple fiber are very broad, with significant market growth potential and wide range of application fields.
Aramid fiber, the full name of "aromatic polyamide fiber", has excellent properties such as ultra-high strength, high modulus, high temperature resistance, acid and alkali resistance, and light weight. Its strength is 5-6 times that of steel wire, its modulus is 2-3 times that of steel wire or glass fiber, its toughness is 2 times that of steel wire, and its weight is only about 1/5 of steel wire. It does not decompose at a temperature of 560 degrees. Does not melt. Aramid fiber can be divided into para-aramid fiber and meta-aramid fiber according to its chemical structure. The main ones on the market are para-aramid fiber and meta-aramid fiber12.
market growth potential
The global aramid fiber market size is expected to continue to grow. With the development of the new energy industry, the transformation of the automobile industry to high strength and lightweight, and the increasing military demand for lightweight and flexible materials, the market size of aramid materials, as potential substitutes for steel and asbestos, is expected to grow significantly. According to the China Composite Materials Industry Association, the global aramid fiber market size will be US$3.9 billion in 2021 and is expected to reach US$8.3 billion by 2029, with a compound annual growth rate of 9.7% from 2023 to 2029
