Aramid Fiber Market is projected to register a CAGR of 7.56% in terms of value, between 2018 and 2023 | Worldwide Key Players ( DowDuPont, Teijin Limited, Yantai Tayho Advanced Materials, X-FIPER New Material )

Global Aramid Fiber Market report explores future trends for supply, demand and market growth rate, market size, prices, trading, competition and value chain as well as Key Players of the industry’s information with forecast from 2018 to 2023.

Global Aramid Fiber Market Overview:

According to Market Analyst, Global Aramid Fiber Market is anticipated to grow at a CAGR of 7.56% by 2023.

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Rising demand from various end-use industries such as automotive, construction, electronics, defense and aerospace, and marine is boosting the market development. Also the Increasing demand for protective clothing from various applications such as industrial and defense sector is the major factor driving the market.

Technically, aramid fibers are very long chain synthetic polyamides. Aramid fibers have very high tensile strength, which is the reason they're commonly utilized in armour and ballistic protection applications. In advanced products that need high strength and lightweight properties, aramid fibers are used with a yellow colour.

Aramid is utilized in the creation of apparel, air filtration, electrical and thermal insulating material and a replacement.

On the Basis of Product Type, Global Aramid Fiber Market Splits into Meta-aramid, Para-aramid. para-aramid fibers is increasing due to its properties such as high strength-to-weight ratio, low elongation, dimensional stability, and good resistance to organic solvents and abrasion.

On the Basis of Application, Global Aramid Fiber Market Splits into Automotive, Aerospace and defense, Electrical and electronics. The automotive segment accounted for the majority market share of the aramid fiber market.

Regionally, Europe dominated the global aramid fiber market. The demand for aramid fiber in the European region is mainly driven by the western European countries such as Germany, the U.K., and France.

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Global Aramid Fiber market competition by Top Manufacturers

1 DowDuPont Inc.

2 Teijin Limited

3 Yantai Tayho Advanced Materials Co., Ltd.

4 X-FIPER New Material Co., Ltd

5 Kolon Industries, Inc.

Geographically, this report is segmented into several key Regions from 2018 to 2023:

1 North America

2 Europe

3 Asia Pacific

4 Middle East and Africa

5 South America

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Key Questions Answered in this Report:

1 What will the market size be in 2023?

2 What are the key factors driving the Aramid Fiber Market?

3 What are the challenges to market growth?

4 Who are the key players in the Aramid Fiber Market?

5 What are the market opportunities and threats faced by the key players?

TABLE OF CONTENTS

1 Summary

2 Report Methodology

3 Market Overview

4 Industry Value Chain

5 Competitive Landscape

6 Segmentation by Type

7 Segmentation by Application

8 Regional Perspectives

9 Company Profiles

10 Market Forecast

11 Market Drivers

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