Aramid Fiber Market is estimated to
gain huge traction in terms of value, during the forthcoming years. Aramid
fibers are derived for their superior strength and stiffness that allows its
usage for efficient load transfer in heavy-duty industries. The growing number
of wars and strains across international borders has hiked the demand for
bulletproof vests, missiles, armored car, eye-guards, headgear, etc., which has
propelled the progression of the market. Aramid fiber has registered moderately
high cost and low compressive strength, thus hindering the market expansion.
Based on product, the market has been segmented into
meta-aramid, para-aramid, and others. Aramid fiber market has found its
application across ballistic security & protection, rubber reinforcement,
optical fibers, frictional materials, tire reinforcement, aerospace, and
electrical insulation, and others. Meta-aramid fibers are highly resistant to
extreme temperature & adverse climatic condition, abrasion, and chemical
degradation, which has encouraged this industry to generate the highest market
share.
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In order to study the span of the industry, the global
market has been geographically segmented into the five key regions of North
America, Europe, the Asia Pacific, the Middle East, and Africa, and Latin
America. The stringent regulatory norms for building strong airplane structures
and demand for protective clothing is spurring the market growth across
European countries like Germany, France, and the U.K. Also, the enormous
proliferation of oil & gas, steel, and construction industry in Europe has
impelled it to emerge as the fastest growing and the highest market share
generating region. Swelling demand for aramid fibers in electrical, automotive,
and construction end-user manufacturing sectors, across the emerging economies
China and India, is likely to drive the market in Asia Pacific in the upcoming
years.
The market offers a multitude of challenges for the industry
participants and a decisive understanding of these challenges have impelled the
players to pander strategic merger & acquisition activities with their
fellow contenders. They have identified the sales volume, former growth
statistics, cost of resources, and future prospects.
The competitive landscape showcases the profiles and
business strategies of the major players, along with their recent developments.
Some of the dominant players operating in this market include Teijin Aramid,
Kolon Industries Inc., E. I. du Pont de Nemours and Company, Yantai Tayho
Advanced Materials Co. Ltd., Alchemie Group, HYOSUNG Corporation, Kermel, China
National Bluestar Co. Ltd., SRO Group Ltd., and Guangdong Charming Co., Ltd.
Among others.
The emerging companies have registered the key raw material
suppliers, buyers, research investors and distributors of the air quality
monitoring systems market. Stakeholders and investors are increasing their
spending on research and development activities to scale the latest
technologies in their system engineering process. The competitors are profiling
their business expansion strategies by incorporating collaborations, and joint
ventures with the fellow contenders. They have inspected the assorted threats
and evolving disruptive technologies to shape the supply and demand of aramid
fiber market in the forthcoming years.
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Market Segment:
Report contents
include
• Analysis of the aramid fiber market including revenues,
future growth, market outlook
• Historical data and forecast
• Regional analysis including growth estimates
• Analyzes the end user markets including growth estimates.
• Profiles on aramid fiber including products,
sales/revenues, and market position
• Market structure, market drivers and restraints.
Key vendors
• DowDuPont Inc.
• Teijin Limited
• Yantai Tayho Advanced Materials Co., Ltd.
• X-FIPER New Material Co., Ltd
• Kolon Industries, Inc.
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