ARAMID FIBERS MARKET ANALYSIS

Aramid Fibers Market, By Type (Para-aramid and Meta-aramid), By Application (Security & Protection, Frictional Materials, Rubber Reinforcement, Optical Fibers, Tire Reinforcement, Electrical Insulation, Aerospace, and Others), By Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)

Sinochem International is planning to expand its para-aramid fiber production capacity to 8,000 tons annually by 2024.
In 2023, DuPont announced Kevlar EXO, a new generation of aramid fiber that it says is the most significant innovation in over 50 years
In 2023, Sinochem International Expands Presence In Aramid Fiber Industry Chain
In February 2020, Dupont announced its plans to expand the global capacity of Nomex® Paper. This capacity expansion will be created through a joint venture partnership with Nippon Paper Papylia. The Papylia manufacturing facility will be located in Yufutsu, Japan, with commercial production beginning in 2021.
In February 2020, Hyosung Advanced Materials announces that they signed an MOU for investment in the expansion of the latter′s Aramid factory in Ulsan City. Under this MOU, Hyosung plans to invest a total of KRW 61.3 billion in its Aramid factory in Ulsan, finish the expansion by the first half of 2021, and expand the factory′s production capacity from 1,200 ton to 3,700 ton a year