Press release
Aramid fibers Market 2024 Technological Advancement & Growth Analysis By W. Barnet GmbH, Tejin Aramid, Hyosung, JSC Kamenskvolokno
Aramid fibers Market, Aramid fibers Market Study, Aramid fibers Market Size, Aramid fibers Market Segmentation, Aramid fibers Mark
Aramid fibers market will be driven by the sectors where weight savings are critical, for instance, automotive, space vehicles, aircraft components, helicopters and missiles. Rising demand from the escalating automotive industry will propel global aramid fiber market in the near future. For instance, Total automotive sales in the North America including: U.S. and Canada were over 19 million units in 2016 and is likely to witness 4% growth by 2024. Aramid fibers find extensive automotive applications in tire reinforcement (in racing automobiles, off-road, buses, and trucks), power transmission belts, industrial and automotive hoses, brake, clutch, and gasket uses etc.
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.
The major players in global and United States market, including
DowDuPont, W. Barnet GmbH, Tejin Aramid, Hyosung, JSC Kamenskvolokno, Yantai Tayho, Huvis Corporation, Kolon Industries, Kermel.
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.
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.
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Scope of Report:
Market Segment by Regions, regional analysis covers
North America, U.S, Canada, Mexico, Europe, China, Asia
Global Aramid Fiber market report classifies this industry extensively in terms of the regional landscape. Market Segment by Regions, regional analysis covers:
Aramid Fiber Market, Product by Application
Para aramid
Safety applications
Optical fibers
Frictional materials
Tire reinforcement
Rubber reinforcement
Electrical insulation
Others
Copolyamide
Safety applications
Optical fibers
Frictional materials
Tire reinforcement
Rubber reinforcement
Electrical insulation
Others
Aramid Fiber Market By Application
Safety applications
Optical fibers
Frictional materials
Tire reinforcement
Rubber reinforcement
Electrical insulation
Others
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We presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
Chapter 1. Methodology and Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Definitions & forecast parameters
Chapter 2. Executive Summary
2.1. Aramid fiber industry 360 degree synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Product trends
2.1.3. Application trends
2.1.4. Regional trends
Chapter 3. Aramid Fiber Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
Continued@..............
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