Aramid fibers market Market Report | Industry Analysis 2017 to 2024
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Aramid Fiber Market Size will surpass USD 5 billion by 2024; according to a new research report by Global Market Insights, Inc.Manufacturing sector has been observing product demand with utmost importance to smaller ecological footprint, enhanced safety and cost-efficiency.
Aramid fibers have been gaining the prominent preference in the area of ballistic protection for their high tensile strength, high modulus and resistive physical properties to bullets, shrapnel & bomb fragments, stabbing, etc. Apart from the protective apparels, aramid fibers are likely to find vast applications in the fields including automotive, aviation, marine, electrical & electronics, etc. by 2024, for their low flammability, non-conductivity, light weight and substantial thermal & chemicals resistance.
Aramid fibers market will observe significant demand from electrical insulation, sporting goods, marine applications in the foreseeable timeframe. Characteristics such stiffness, light weight, damage tolerance, vibration damping, etc. which are essential in marine recreational industries will drive their demand in the hulls of canoes, kayaks, and sail & power boats.
In 2016, safety applications led the aramid fiber market and generated revenue over USD 900 million. Rising investment by various nations to bolster their defense sectors amidst rising uneven warfare will augment the demand for aramid fibers from safety applications.
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Frictional material segment held share close to 25% in 2016. Usage of aramid fiber in this area include asbestos replacements, automotive & industrial gaskets, brake pads, linings, etc. Regulations prohibiting the asbestos usage for various industrial applications will boost the demand for aramid fiber market by 2024.
Europe led the global aramid fiber market with a market share over 30% in 2016. However, the region will exhibit comparatively moderate growth rate in the coming years. Asia Pacific aramid fiber market will witness promising growth close to 9% by 2024. Rising automotive industry and infrastructural development will be the key factors boosting the regional growth. Total automotive sales in Asia Pacific region including: China, India, Japan, Australia, Indonesia, Thailand and Malaysia were over 40 million units in 2016 and shall escalate by 2024.
Recent regulations by the Government of Japan for reinforcing the evacuation facilities situated near volcano prone areas, for instance, Ebino Eco Museum Center, will be another factor contributing to the growth of aramid fiber market in the region. Protecting structures from large airborne fragments is an important issue in Japan, one of the world's more active volcanic regions, where aramid fibers play vital role in construction owing to their airborne fragment-resistive nature.
In July 2017, Teijin expanded the capacity for the Twaron aramid at its manufacturing facility in Emmen, Netherlands. Company made a substantial investment in the new spinning technology at the plant, to achieve enhanced automation of the spinning process, thereby reducing the physical efforts by operators.
Browse Complete Table of Contents @ https://www.gminsights.com/toc/detail/biodegradable-bone-graft-polymers-market
Chapter 2. Executive Summary
2.1. Biodegradable bone graft polymers industry 360° synopsis, 2013 – 2024
2.1.1. Business trends
2.1.2. Polymer by application trends
2.1.3. Application trends
2.1.4. Regional trends
Chapter 3. Biodegradable Bone Graft Polymers Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
220.127.116.11. List of key suppliers
18.104.22.168. List of key manufacturers
3.3.2. Distributor channel analysis
3.3.3. Profit margin
3.3.4. Value addition at each stage
3.4. Industry impact forces
3.4.1. Growth drivers
22.214.171.124. Global drivers
126.96.36.199.1. Shift from traditional bone graft procedures to advanced methods
188.8.131.52. North America
184.108.40.206.1. Rising old age population
220.127.116.11. Asia Pacific
3.4.2. Industry pitfalls & challenges
18.104.22.168. High cost of raw material
22.214.171.124. Availability of product substitutes in the market
3.5. Growth potential analysis
3.5.1. Emerging business models
3.6. Regulatory trends
3.7. Porter’s analysis
3.8. Competitive landscape
3.8.1. Company market share analysis, 2016
3.8.2. Strategy dashboard
3.9. PESTEL analysis
3.10. Cost structure analysis
3.11. Regional pricing analysis
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology
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