Kevlar Thread Market Size, Industry Analysis Report By Type (Flame Retardant Fabric, Automotive Material, Rubber Products, Cables & Wires), By Application (Medical, Automotive, Aerospace & Defense) & Region – Forecasts
- PUBLISHED ON
- 2024-10-03
- NO OF PAGES
- 231
- CATEGORY
- Retails & Consumer
Kevlar thread is used in the manufacture of protective and fire-retardant clothing as well as other heavy-duty garments. It is said to be 2.5 times stronger than nylon and polyester. It is a kind of man-made high-performance aramid fibre, with molecules that are characterized by relatively rigid polymer chains. It is produced by p-phthaloylchloride (TPC) and p-phenylenediamine (PPD) and is used for tires, rubber goods, fibre-optic cable tension members, protective apparel, friction material, construction reinforcement, and so on.
Global Kevlar Thread Market - Overview
It is estimated that the global Kevlar thread market to grow at a stunning CAGR during the forecast period of 2022 to 2030. The market witnessed a boost at a healthy rate during the previous forecast period of 2018 to 2021. The increasing use of these threads in various industries is estimated to boost the growth of the market during the forecast period.
Kevlar thread is a kind of man-made high-performance aramid fibre, with molecules that are characterized by relatively rigid polymer chains. It is used for tires, rubber goods, fibre-optic cable tension members, protective apparel, friction material, construction reinforcement, and so on.
The rise in the industries of tires, rubber goods, fibre-optic cable tension members, protective apparel, friction material, construction reinforcement, and so on are the factors that are estimated to boost the growth of the market during the forecast period. The trend witnessed growth in the market even during the previous forecast period of 2018 to 2021.
Global Kevlar Thread Market - Key Trends
A wide number of usage arenas to boost the market growth
Kevlar thread is a kind of man-made high-performance aramid fibre, with molecules that are characterized by relatively rigid polymer chains. It is used for tires, rubber goods, fibre-optic cable tension members, protective apparel, friction material, construction reinforcement, and so on.
The growing number of industries drive the market growth
The rise in the industries of tires, rubber goods, fibre-optic cable tension members, protective apparel, friction material, construction reinforcement, and so on are the factors that are estimated to boost the growth of the market during the forecast period. The trend witnessed growth in the market even during the previous forecast period.
Global Kevlar Thread Market – Segmental Assessment
By Type
• Flame Retardant Fabric
• Automotive Material
• Rubber Products
• Cables & Wires
• Others
It is estimated for the automotive material segment to boost the growth of the market during the forecast period.
By Application
• Medical
• Automotive
• Aerospace & Defense
• Others
It is estimated for the Aerospace & Defense segment to boost the growth of the market during the forecast period.
Global Kevlar Thread Market – Geographical Landscape
It is estimated for the region of US to drive the growth of the market during the forecast period. The growing in the technological advancements in the region is estimated to foster the growth of the market during the forecast period. The region of Europe is estimated to witness growth at a healthy rate during the forecast period. The Asia Pacific region is also estimated to witness a notable growth rate in the market.
Global Kevlar Thread Market – Competitive Hierarchy
DuPont, Teijin, JSC Kamenskvolokno, Kolon, Hyosung and Yantai Spandex are the major players that are driving the growth of the market during the forecast period.
Report Scope
Global Kevlar Thread Market : Historical Years (2018 to 2021)
Global Kevlar Thread Market : Forecast years (2022 to 2030)
Key Segments Reported
By Type (Flame Retardant Fabric, Automotive Material, Rubber Products, Cables & Wires and Others)
By Application (Medical, Automotive, Aerospace & Defense and Others)
Major regions and countries covered
• North America
• Europe
• Asia Pacific
• Middle East
• Rest of the World
DuPont, Teijin, JSC Kamenskvolokno, Kolon, Hyosung and Yantai Spandex are the major players that are driving the growth of the market during the forecast period.
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Case Study- Automotive Sector
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
Solution
The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.
Market Estimates and Forecast
In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.
Case Study- ICT Sector
Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.
Business Solution
An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.
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