Aramid Coating Market Trends and Forecast
The future of the global aramid coating market looks promising with opportunities in the power battery and 3C consumer battery markets. The global aramid coating market is expected to grow with a CAGR of 11.3% from 2024 to 2030. The major drivers for this market are increasing demand for lightweight and high-strength materials in aerospace and defense sectors, growing applications in protective clothing and equipment, and rising adoption in automotive and construction industries for enhanced safety and durability requirements.
• Lucintel forecasts that single side is expected to witness higher growth over the forecast period.
• Within this market, power battery is expected to witness the higher growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Aramid Coating Market
• United States – DuPont announced advancements in aramid-based coatings for military applications, aiming for enhanced ballistic protection, supported by defense contracts and government funding.
• Germany – Teijin Aramid introduced innovative aramid coatings for automotive lightweighting, targeting a 15% reduction in vehicle weight to meet EU emissions standards.
• China – Yantai Tayho Advanced Materials collaborated with local manufacturers to develop fire-resistant aramid coatings for industrial applications, supported by government subsidies for safety enhancement in factories.
• Japan – Kolon Industries expanded its aramid coating production capacity for electronics and aerospace sectors, aiming to capture 20% market share in Asia-Pacific, bolstered by government grants for technological innovation.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Aramid Coating Market by Segment
The study includes a forecast for the global aramid coating market by type, application, and region.
Aramid Coating Market by Type [Value from 2018 to 2030]:
• Single Side
• Double Side
Aramid Coating Market by Application [Value from 2018 to 2030]:
• Power Battery
• 3C Consumer Battery
Aramid Coating Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Aramid Coating Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies aramid coating companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the aramid coating companies profiled in this report include-
• Sumitomo Chemical
• Semcorp
• Teijin
• Hyosung Corporation
• DuPont
Recent Development in the Aramid Coating Market
• Kordsa: Developed a new generation of aramid-based protective coatings for industrial applications, focusing on enhanced durability and resistance to chemicals and abrasion.
• Honeywell International: Launched a lightweight aramid fiber coating solution for aerospace and military applications, aiming to improve fuel efficiency and operational performance.
• Solvay: Introduced a high-performance aramid resin coating system for automotive components, offering weight reduction and improved crashworthiness in vehicle structures.
• Toray Industries: Developed a sustainable aramid-based coating with reduced environmental impact, targeting the sports and leisure market for enhanced safety and performance in equipment and apparel.
Features of the Global Aramid Coating Market
Market Size Estimates: Aramid coating market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Aramid coating market size by type, application, and region in terms of value ($B).
Regional Analysis: Aramid coating market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the aramid coating market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the aramid coating market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for aramid coating market?
Answer: The global aramid coating market is expected to grow with a CAGR of 11.3% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the aramid coating market?
Answer: The major drivers for this market are increasing demand for lightweight and high-strength materials in aerospace and defense sectors, growing applications in protective clothing and equipment, and rising adoption in automotive and construction industries for enhanced safety and durability requirements.
Q3. What are the major segments for aramid coating market?
Answer: The future of the aramid coating market looks promising with opportunities in the power battery and 3C consumer battery markets.
Q4. Who are the key aramid coating market companies?
Answer: Some of the key aramid coating companies are as follows:
• Sumitomo Chemical
• Semcorp
• Teijin
• Hyosung Corporation
• DuPont
Q5. Which aramid coating market segment will be the largest in future?
Answer: Lucintel forecasts that single side is expected to witness higher growth over the forecast period.
Q6. In aramid coating market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the aramid coating market by type (single side and double side), application (power battery and 3C consumer battery), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Aramid Coating Market Market, Aramid Coating Market Market Size, Aramid Coating Market Market Growth, Aramid Coating Market Market Analysis, Aramid Coating Market Market Report, Aramid Coating Market Market Share, Aramid Coating Market Market Trends, Aramid Coating Market Market Forecast, Aramid Coating Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.