Aramid fibers are synthetically designed high-performance fibers that have good resistance to organic solvents, low flammability, and high strength as compared to other synthetic fibers. In addition, these fibers comprise non-conductivity, resistance to abrasion, and good fabric integrity at high temperatures. These properties of aramid fibers make them a preferred choice in a number of industries such as aerospace and defense and automobile. These fibers are used as reinforcement for tires and plastics, cables, and ropes. The global aramid fiber is expected to grow at a significant rate owing to increasing demand from emerging economies such as China and India. In addition, increasing demand for lightweight materials in security & protection applications further gives a boost to the growth of the market.
The global aramid fiber 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 fiber is expected to contribute significantly to the growth of the market. Some of the major factors impacting the global aramid fiber market include widespread application in the healthcare sector, substantial defense expenditure, and stringent government regulation for employee safety. Countries such as the US, Russia, China, and others are spending considerably in the modernization of defense forces with advanced safety equipment such as body armors, bulletproof gears, spectra, and others. Therefore, the expenditure is supporting the demand for high tech material for defense purpose, which as a result is propelling the growth of the segment.
Geographically, the global aramid fiber is segmented into North America, Europe, Asia-Pacific, and Rest of the World. Europe is expected to generate significant value in terms of revenue owing to stringent government regulations in the automotive and aerospace and defense industry. Further, Asia-Pacific is expected to exhibit optimistic growth owing to rising telecommunication and automotive industries in emerging economies such as China, India, and South Korea. 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.
Research Methodology:
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.
Secondary Sources Include:
- Financial reports of companies involved in the market
- Whitepapers, research-papers and news blogs
- Company websites and their product catalog.
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.
Market Segmentation:
- Global Aramid Fiber Market Research and Analysis by Product Type
- Global Aramid Fiber Market Research and Analysis by End-User
The Report Covers:
- Comprehensive research methodology of the global aramid fiber market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the global aramid fiber market.
- Insights about market determinants which are stimulating the global aramid fiber market.
- Detailed and extensive market segments with regional distribution of forecast revenues.
- Extensive profiles and recent developments of market players.
