Global Aramid Fibers Market Demand to Grow at a CAGR of More Than 9% & Top Key Players are - Hyosung, TK, Kolon Industries, Huvis, Dong Yang Rope & SK Chemicals

This report provides a detailed analysis of “global aramid fibers market” with SWOT analysis and a threat to the global industry. The global aramid fibers market report also offers a comprehensive survey of major players in the global market which depends on the several objectives such as the product outline, profile, product quantity, raw material, and the economic strength of the organization. This report also covers the global aramid fibers market status, future prediction, key players and key market. The main objectives of this report are to present the aramid fibers development in various regions.

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The global aramid fibers market size was estimated at 5.33 US$ billion and it is anticipated to expand at a CAGR of 9.7% over the forecast period. Increasing requirement for protective and security measures in several end-use industries is expected to drive the global aramid fibers market growth into the coming years. Likewise, growing usage of aramid fibers for asbestos and steel will fuel the market growth during the forecast period.

The global aramid fibers market is segmented based on the product, applications, and geographical regions. By product type, the market has been segmented into para-aramid, meta-aramid, and others. The meta-aramid fiber segment is expected to register the highest CAGR during the forecast period. The growing demand from the defense industry due to increased insurgencies is fueling the meta-aramid fiber market growth. Meta-aramid fiber is basically used in firefighters’ uniforms to endure operations with high temperature. Additionally, technological improvements in the transportation industry are anticipated to drive the global aramid fiber market growth over the forecast period.

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Based on application, the global aramid fibers market is sub-segmented into security & protection, optical fiber, frictional materials, tire reinforcement, aerospace, rubber reinforcement, electrical insulation and others. In between these, the optical fibers segment is anticipated to record the highest global aramid fibers market share in terms of revenue. The rising demand for fiber optic cables has been fueling the global aramid fibers market growth.

Furthermore, the growing demand for improved performing optical cables and rising internet applications are boosting the global aramid fibers market growth.

By geography, the market has been classified as Europe, North America, Asia Pacific, Central & South America, and MEA. Among these, the Europe region is anticipated to account the highest global aramid fibers market share during the prediction period. Owing to the rising environmental and government rules and regulations in the defense and automotive industries. Additionally, the total CO2 releases from car production condensed by 24% since 2008. These initiatives will surge the demand for lightweight materials, like aramid fibers, in automobile industry to reduce CO2 emissions.

The global aramid fibers market is highly fragment due to the presence of a large number of major players. This market research report provides a detailed analysis of the key industries and their products. In addition, the report also covers the complete information about the major areas which focus the strategies to continue position in the global aramid fiber market. Some key players of the global aramid fiber market include DowDuPont, Kolon Industries, HYOSUNG, TEIJIN, Yantai Tayho Advanced Materials, TORAY INDUSTRIES, and others.

Key segments of the global aramid fibers market

Product Overview, 2015-2025 (USD Million) (Tons)
• Para-aramid
• Meta-aramid
• Others

Application Overview, 2015-2025 (USD Million) (Tons)
• Security & protection
• Frictional materials
• Optical fiber
• Tire reinforcement
• Rubber reinforcement
• Aerospace
• Electrical insulation
• Others

Regional Overview, 2015-2025 (USD Million) (Tons)
• North America
• U.S.
• Canada
• Mexico
• Europe
• UK
• Germany
• France
• Italy
• Asia Pacific
• China
• Japan
• India
• South Korea
• Central and South America
• Brazil
• Middle East and Africa

Some Points from TOC:
1. Executive Summary
2. Research Methodology
3. Market Outlook
4. Global Aramid fibers Market Overview, By Product
5. Global Aramid fibers Market Overview, By Application
6. Global Aramid fibers Market Overview, By Region
7. Company Profiles

What does the report include?
• Drivers, restraints and opportunities for the market have been covered in the study.
• The study covers the different aspects of the value chain, Porters Five Forces, and vendor landscape analysis.
• The global aramid fibers market report covers qualitative and quantitative analysis of the market segmented on the basis of product type and application.
• Historical, current and forecast market data is provided for all the segments on a country basis.
• The study includes detailed profiles of key participants of the market based on product offerings, geographical presence, financial performance and recent initiative.

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About Us:
Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

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