Aramid Fiber Market

Aramid Fiber Market Size, Trends & Growth Rate (2019 - 2025)

According to our research report, the Aramid Fiber Market Size was projected to grow from USD xx billion in 2019 and anticipate to reach USD xx billion by 2025, at a CAGR of 9.9% during the forecast period 2019 - 2025.

Market Drivers

It is expected that the growing need for safety and protection measures in various end-use industries will drive the market in 2025. In addition, the increasing use of aramid fibers to replace asbestos and steel will benefit market demand in the coming years. Aramid fibers are distinguished from others by a series of characteristics such as good resistance to organic solvents, low flammability, high strength, non-conductivity, abrasion resistance, melting point and good integrity of the fabric at high temperature.

It is expected that the growing demand for personal protective equipment in the United States will stimulate market growth. A wide range of industries such as medical care, mining, oil and gas, manufacturing, construction, as well as military and emergency services require protection to ensure the safety and protection of working people. In terms of revenue, the US market will present a CAGR of 8.4% during the foreseen period. Strict government workplace safety standards and severe sanctions for non-compliance with these standards require employers to adopt personal protective equipment to protect employees against a variety of hazards, supporting the aramid fibers market.

Key Takeaways from Aramid Fiber Market Report:

•  For different Device types, and applications offers calculated growth rates (CAGR %), Volume (Units), and Value ($M) in each region to estimate the Cool Roof Coatings Market potential.
• Identify various driving factors, constraints and untold opportunities that can impact the Cool Roof Coatings Marketplace
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•  Evaluate the increase in values at each step of the industry supply chain to improve process efficacy and optimize the value.
• Understand the market dynamics of leading players like deals, partnerships, new products, mergers and acquisitions in the last four years.
• Estimate the gaps in supply-demand, statics involved in import-export, and regulatory framework of the worldwide Cool Roof Coatings Market in over 20 top nations.

This research report includes following segmentation for the Aramid Fiber Market:

Aramid Fiber Market - By Product Type

• Para-aramid
• Meta-aramid

Aramid Fiber Market - By Application

• Aerospace & Defense
• Automotive
• Electronic & Telecommunication
• Sporting Goods
• Others

Aramid Fiber Market  - By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East
• Africa

Geographically,  Europe accounted for more than 35% of the shares in 2014, the highest value of all. The growing demand for protective clothing and personal armor should boost the market in Europe in the coming years. This increase in demand can be attributed mainly to an increase in fiber exports to developing countries. However, the Asia-Pacific region is expected to represent the highest growth in the global market during the forecast period.  Increasing requirements for aramid fibers in automotive, electrical, and construction end-use industries in emerging economies such as China and India, are likely to drive the market in the Asia Pacific in the next few years. Finally, the market is expected to grow steadily in North America, mainly due to the continuous improvement in the economy of the region.

Key Players in the Aramid Fiber Market Leading the highest shares are:

1. Teijin Aramid
2. DowDuPont
3. Hyosung Corporation
4. Toray Chemical Korea Inc.
5. Kolon Industries Inc.
6. HUVIS Corporation
7. KERMEL
8. China National Bluestar (Group) Co. Ltd
9. Yantai Tayho Advanced Materials Co., Ltd