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Global Kevlar Market Expecting Worldwide Growth by 2024

Press Release   •   Feb 14, 2017 02:48 EST

Kevlar is a synthetic fibre with distinct chemical composition and it belongs to the aramid family of fibres. The unique properties of kevlar are high tensile strength, thermal stability, lightweight, high modulus and toughness. Due to these properties it is used in manufacturing variety of accessories and clothing, which are cut resistant and safe. The end use sectors for kevlar are manufacturing industries, automotive, customer products, defense & aerospace, electronics and telecommunication etc. Kevlar is hugely popular for its use as fibre to make stab-resistant, ballistic body armour and industrial gloves. Kevlar is used in consumer products such as sports goods and electronic products, where safety and performance are crucial parameters. Prominent sports goods companies like Reebok, Adidas are using Kevlar in their products. Innovation in Kevlar fibre has led to the development of Kevlar aramid pulp and Kevlar engineered elastomer.

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The use of Kevlar in wide range of applications from consumer products to industrial gadgets and body armours is the major driver for the growth of global kevlar market. The advanced technology and continuous innovation by DuPont in the use of kevlar on a wide and new range of opportunities by collaborating with industrial manufacturers, government and communities will boost the growth of global kevlar market. Strict regulations implemented for the use of protective equipment such as body armour, bulletproof vests, gloves etc. are other growth factors for the global kevlar market.

Invention of alternative technologies of ABC Matrix by Novana made from recycled polymer and Miralon by Nanocomp Technologies Inc. made from carbon nanotubes could hinder the growth of global kevlar market.

Geographically, the global kevlar market can be divided into five key regions - North America, Latin America, Europe, Asia Pacific (APAC) and Middle East & Africa (MEA). North America holds a major share in global kevlar market as the region dominates in the field of soldier modernization program, which includes development of personal protection equipment and body armour. North America is followed by Europe and Asia Pacific (APAC). The stringent regulations in Europe for improving the safety of industrial professionals and the mature automotive industry in the region is anticipated to maximize share in the global kevlar market. The increasing demand for kevlar in automotive industry and for manufacturing optical fibres used in telecommunication systems is expected to catalyse the growth of global kevlar market in APAC region. Latin America is projected to register moderate growth rate in global kevlar market during the forecast period due to the increasing sports goods manufacturing facilities in the region.

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