Predict your next investment

Huvis company logo
INDUSTRIAL | Basic Materials / Synthetics
huvis.com

See what CB Insights has to offer

About Huvis

Huvis produces chemical fibers as well as polyester fibers (short fibers/long fibers), resins, super fibers, and industrial materials. It is based in Seoul, South Korea.

Huvis Headquarter Location

343 Hakdong-ro The Pinnacle Gangnam 12F

Seoul,

South Korea

Latest Huvis News

Aramid Fiber Market Statistics 2021-2027 | Top 3 chief application trends reshaping the industry structure

Jul 26, 2021

, the global aramid fiber market  is touted to record a valuation of $6.3 billion by the end of 2027, registering a CAGR of 9% from 2021 to 2027 with increasing demand for products that are durable, need low maintenance and give high performance. The rise in product demand is driven by the polymer's unique properties like resistance to abrasion and organic solvents, ultra-high-strength, low flammability, and rigidness, which are expected to add to the rising demand for the product in the years to come. In fact, it would be pivotal to note that the market is expected to record massive gains from the safety applications alone, say about 35% of the aramid fiber market share over 2021 to 2027. The strategic rise in product demand is urging aramid fibers manufacturers to invest heftily in various applications across diverse economies. Investments in Asian countries are one such move. The growth in the Asia Pacific aramid fiber market is expected to come from rising stringent regulations pertaining to flame-retardant materials and environmental safety. In 2020, APAC was valued at USD 700 million and is slated to record a CAGR of 8% through 2027. The factors driving this significant growth include a substantial rise in new procurements for armed forces, vehicles, and electronics. Request sample report: https://www.gminsights.com/request-sample/detail/812 It is essential to mention that the global aramid fiber market is characterized by a gamut of applications. Some of the crucial application trends likely to transform the growth prospects of the overall aramid fiber industry are described below: Heightened applicability in tire reinforcement With automobile production and sales skyrocketing, the need for tire reinforcement is soaring to new heights. According to European Automobile Manufacturers Association (ACEA) statistics, approximately 77.9 million motor vehicles were manufactured worldwide in 2020. This estimate has also produced a surge in tire reinforcement, supporting a stringent growth in aramid fibers adoption. Surprisingly, DuPont was one of the specialty chemicals firms, that introduced the concept of aramid fibers as a replacement to steel in tires to make them stronger and lighter. It has been observed that aramid usage in tires is expected to improve the fuel economy for commercial vehicles and subsequently reduce the dependence on oil. With such growing prominence, aramid fiber market revenue from tire reinforcement applications is touted to depict a CAGR of 8.5% over the foreseeable time frame. Exceptional properties of aramid fibers to facilitate marine, aerospace, and industrial filtration Special attributes of aramid fibers like durability, high strength, and lower maintenance, amongst others, are proven out to be beneficial for various industries including aerospace, marine, sporting goods, industrial, and more. In fact, the aerospace, industrial filtration, and marine industry captured a revenue stake of 10% of the overall market share in 2020. Request customization of this report: https://www.gminsights.com/roc/812 Increased product utilization in frictional materials It is vital to take note of aramid fibers' applications in several frictional materials like automotive and industrial gaskets, asbestos replacement, brakes and transmission friction parts, filament wound pressure vessels, brake pads, and others. Moreover, frictional materials accounted for 20% of the overall product demand in 2020. Besides, an increasing usability profile across the segment would impel the revenue share to grow at a rate of 8.5% through 2027. The growth is further ascribed to the elevating demand for advanced materials to cater to trends of modernization in the global manufacturing sector. All in all, boasting of immense utilization in safety applications, aramid fibers are estimated to hold major prominence in other application areas like industrial filtration, marine, frictional materials, and more. This stronghold in myriad application sectors would allow the aramid fiber market to grow profusely in 2021 and beyond. Key industry participants in the aramid fiber industry  are Teijin, Hyosung, Yantai Tayho, W. Barnet, Kermel, Kolon, Toray, Huvis Corporation, JSC Kamenskvolokno, Jiaxing Newtex, Beijing Landingji, And X-FIPER New Material. Industry players are focused on product development, merger & acquisition, strategic partnership & joint venture, and R&D investment strategies over the long run. Related reports: About Global Market Insights Inc. Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider. Offering syndicated and custom research reports, growth consulting, and business intelligence services, Global Market Insights, Inc. aims to help clients with penetrative insights and actionable market data that aid in strategic decision making. GMIPulse, our business analytics platform offers an online, interactive option of exploring our proprietary industry research data in an easy-to-use and dynamic manner. Clients get to explore market intelligence across 11 top-level categories and hundreds of industry segments within them, covering regional, company level, and cross-sectional statistics that make our offering a stand-out for decision-makers. Contact Us:

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Huvis Patents

Huvis has filed 14 patents.

The 3 most popular patent topics include:

  • Polymers
  • Thermoplastics
  • Polyesters
patents chart

Application Date

Grant Date

Title

Related Topics

Status

3/4/2016

6/29/2021

Dicarboxylic acids, Polymer chemistry, Polymers, Commodity chemicals, Thermoplastics

Grant

00/00/0000

00/00/0000

Subscribe to see more

Subscribe to see more

Subscribe to see more

00/00/0000

00/00/0000

Subscribe to see more

Subscribe to see more

Subscribe to see more

00/00/0000

00/00/0000

Subscribe to see more

Subscribe to see more

Subscribe to see more

00/00/0000

00/00/0000

Subscribe to see more

Subscribe to see more

Subscribe to see more

Application Date

3/4/2016

00/00/0000

00/00/0000

00/00/0000

00/00/0000

Grant Date

6/29/2021

00/00/0000

00/00/0000

00/00/0000

00/00/0000

Title

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Related Topics

Dicarboxylic acids, Polymer chemistry, Polymers, Commodity chemicals, Thermoplastics

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Status

Grant

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Huvis Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
CBI Logo

Huvis Rank

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.