Stratview Research announces the addition of a new market research report on Global Aramid Fiber Market by Fiber Type (Para and Meta), by Application Type (Protective Fabric, Optical Fibers, Tire Reinforcement, Rubber Reinforcement, Friction Materials, Composites, and Others), by End Use Industry (Aerospace & Defense, Automotive, Electrical, Electronics & Telecommunications, and Others), by Region (NA, Europe, APAC, ROW), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2016 – 2021.
This market report from Stratview Research studies the global aramid fiber market over the period 2010 to 2021. The research report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
The Global Aramid Fiber Market: Highlights
Stratview Research foresees a robust growth opportunity of 8.2% CAGR in the global aramid fiber market over the next five years (2016 – 2021), which offers an opportunity to the advanced materials industry players to align themselves with the market growth. Increasing automotive production, rising concerns of military personnel protection, stringent regulations such as OSHA regarding safety of workers, and need for strong and durable cables in the telecommunication industry are the major drivers of growth for aramid fiber market.
Para-aramid fiber is expected to remain the largest fiber type during the forecast period, driven by increasing demand in aerospace & defense and automotive industries. Whereas, Meta-aramid fiber is expected to witness healthy growth during the forecast period driven by increasing penetration of honeycomb panel based composite structures in aerospace & defense industry and growing demand for thermal protective apparels.
Optical fiber segment is expected to exhibit the highest growth during the forecast period, driven by increasing demand for strong and durable cables in the telecommunication industry. Reasonably good growth is also expected in the composite applications driven by increasing usage of aramid fiber in structural applications in the aerospace & defense and automotive industries.
Europe was estimated to be the largest aramid fiber market in 2015 and is expected to witness healthy growth in the next five years. Asia-Pacific region is likely to witness fastest growth during the forecast period. The increasing automotive production and rising demand of strong and durable cables in the telecommunication industry, mainly in China and India, are the major growth drivers in Asia-Pacific region.
The key aramid fiber manufacturers are E. I. DuPont Nemours & Co., Teijin Limited, Hyosung, Yantai Tayho Advanced Materials Co., and Toray Chemical South Korea Inc.
New product development, regional expansion, and strategic alliances are the key strategies adopted by the major players to gain competitive edge in the market.
This industry research report from Stratview Research provides market intelligence in the most comprehensive manner. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the research report:
Avail free customization options which are listed in the link given below along with the detailed Table of Contents and Report Description.
Free customization options for market research report on global aramid fiber market.
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