Global Aramid Fiber Market 2019 to 2025
|発行||Orion Market Research Pvt Ltd||商品コード||909177|
Global Aramid Fiber Market Size, Share & Trends Analysis Report by product type (Meta-Aramid Fiber and Para-Aramid Fiber), by End-User (Aerospace & Defense, Automotive, Electronics & Telecommunication, and Others) And Forecast, 2019 - 2025
Aramid is a synthetic fiber with heat resistant property, high impact strength, chemical resistance, and others. Aramid fibers are being extensively used in military and aerospace applications for the ballistic vest. Further, these fibers find application in bicycle tires, marine hull reinforcement, and others. The global aramid fiber is expected to grow at a significant rate. Increasing demand for para-aramid fibers in the various end-user industry such as construction, automotive, military and defense, due to its high impact strength is one of the major factors contributing to the growth of the market.
The global aramid fibers market is segmented on the basis of product type and end-user. On the basis of product type, the market is bifurcated into meta-aramid fiber and para-aramid fiber. Para-aramid fibers are used in wire and cable, racing cars, ballistics protection, hose reinforcement, and protective gloves. While meta-aramid fibers are used in protective clothing for firefighters and electrical insulation. Further, on the basis of end-user, the market is segmented into aerospace and defense, automotive, electronics and telecommunication, and others. Aerospace and defense are one of the major industry that uses aramid fibers in defense uniform due to the increasing demand for lightweight materials. Lightweight provides the soldiers with greater mobility, allowing them to possess the tactical advantage in the battleground.
Further, the study of the global aramid fiber market report covers the analysis of four major regions; North America (US, Canada), Europe (UK, Germany, Italy, Spain, France, and Rest of Europe), Asia-Pacific (Japan, China, India, and Rest of Asia-Pacific), and Rest of the World (RoW). Due to growth in the demand for protective clothing and personal armor, Europe is estimated to hold a considerable share in the global aramid fiber market. Moreover, due to surging demand for aramid fibers in automotive, construction, and electronics industry, Asia-Pacific region is expected to exhibit considerable growth.
Further, the market growth is influenced by the presence of players operating in the market. Some of the players in the global aramid fiber market include Teijin Ltd., Yantai Tayho Advanced Materials Co. Ltd., DowDupont Inc., Toray Industries Inc., China National Bluestar Group Co., Ltd., Taekwang Industrial Co., Ltd., SRO Aramid (Jiangsu) Co., Ltd., and many others.
The market study of the global aramid fiber market is incorporated by extensive primary and secondary research conducted by a research team at OMR. Secondary research has been conducted to refine the available data to break down the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macroeconomic factors. Numbers extracted from Secondary research have been authenticated by conducting primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.
The report is intended for aramid fiber manufacturers, raw material suppliers, textiles distributors and suppliers, automotive market players, defense industry players, research institutes, investment companies, government organizations for overall market analysis and competitive analysis. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.