Aramid Fiber Market Analysis Report and Forecast Upto 2021
The Aramid Fiber Market Research Report published by DecisionDatabases.com provides industry analysis and evaluation of the current and prospective market size, share, trend, growth and forecast during the study period (2014–2021).
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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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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.
Major player assessed in the report is :
– Yantai Tayho Advanced Materials Co. Ltd
– Alchemie Group
– SRO Group (China) Ltd
– China National Bluestar (Group) Co. Ltd
– Guangdong Charming Co. Ltd
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).
Geographically, this market has been segmented into regions such as North America, Europe, Latin America, Asia Pacific and the Middle East & Africa. The study details country-level aspects based on each segment and gives estimates in terms of market size.
SEGMENTATIONS IN REPORT :
1. Aramid Fiber By Product :
– Para-Aramid Fiber
– Meta-Aramid Fiber
2. Aramid Fiber By End-User :
– Aerospace & Defense
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