Aramid Fiber Market Trends, Growth Analysis and Forecasts 2014 to 2021
A latest report on Aramid Fiber Market has been added to the huge repository of DecisionDatabases.com. The study “Aramid Fiber:Market Shares, Strategies, and Forecasts, Worldwide, 2014 to 2021” presents a detailed overview assisting managers with designing market strategies.
Aramid fiber is a type of synthetic fiber which is heat and flame retardant. It is prepared by polymerization of carboxylic acid halides and amines. Aramid fiber has numerous end-user applications and is used in military, flame retardant clothing, optical fiber systems, aerospace interiors, ropes and wires, snowboards and body armor fabrics.
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Owing to its numerous end user applications aramid fiber has high market potential and demand. It’s flame retardant and heat filtration features further increases its market value. Based on products global aramid fiber market is segmented as meta-aramid fiber and para-aramid fiber. Further this report is segmented on the basis of end- use into electrical, electronics & telecommunication, aerospace & defense, automotive and others (including construction).
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Aerospace & defense are the most prominent end-user applications to augment the growth of this market. Increased warfare activities and rise in the number of terrorist attacks are forcing countries around the world to adopt efficient and advanced defense system. This in turn significantly fuels the growth of global aramid fiber market. Urbanization and industrialization has led to the rapid growth of telecommunication systems which is another significant factor to boost growth of this market. High demand for electronic appliances will further empower the growth of this market.
Best Region Of Markets :
This report is segmented by geography as Europe, Asia Pacific, North America, Latin America and Middle East and Africa. North America and Europe are developed regions which dominate this market owing to their high economic stability. On the other hand Asia Pacific is the prominent region among the developing economies. Major regions like India and China contribute for its rapid growth. Latin America is also expected to show substantial market growth for the forecast. Key participants in the global aramid fiber market are Yantai Tayho Advanced Materials Co. Ltd. Kermel, Alchemie Group, SRO Group (China) Ltd., China National Bluestar (Group) Co. Ltd., Guangdong Charming Co., Ltd., E. I. du Pont de Nemours and Company, Teijin Aramid, Kolon Industries Inc. and HYOSUNG Corporation.
SEGMENTATIONS IN REPORT :
A. Aramid Fiber By Product :
1. Para-Aramid Fiber
2. Meta-Aramid Fiber
B. Aramid Fiber By End-User :
1. Aerospace & Defense
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