Aramid Fiber Market Research Report ? Forecast to 2023Posted by Avinash on May 22nd, 2018 Market Overview Aramid Fibers are polyamides containing at least 85% amide linkages directly attached to aromatic rings. Various types of Aramid Fibers include Meta and para Aramid Fiber. Meta-Aramid Fiber is projected to be the leading segment due to its high use in electrical insulation and security & protection applications. These Aramid Fibers have properties such as high thermal, chemical resistance, and dielectric coefficient, which makes them suitable for fire resistant clothing and electric insulation. Among the various applications of aramid fiber, the security & protection is the leading segment owing to the high demand for protective clothing in defense and industrial sectors. The optical fiber and electric insulation together hold a significant market share on account of the high demand for electronics and consumer goods along with the high disposable income and changing lifestyle. They find their use in major end-use industries such as aerospace, defense, and automotive. The increasing R&D in aerospace sector has augmented the market growth. Furthermore, the demand for lightweight, durable, and efficient automotive is projected to fuel the global market growth during the review period. Competitive Analysis Some of the leading manufacturers operating in the Global Aramid Fiber Market are TEIJIN LIMITED (Japan), Yantai Tayho Advanced Materials Co., Ltd (China), HYOSUNG (South Korea), Toray Chemicals Korea Inc. (South Korea), KERMEL (France), Kolon Industries, Inc. (South Korea), Huvis (South Korea), China National Bluestar (Group) Co. Ltd. (China), SRO Aramid (China) Co., Ltd. (China), and IBIDEN CO., LTD (Japan). Get Sample of Report @ https://www.marketresearchfuture.com/sample_request/5868 Market Segmentation The Global Aramid Fiber Market is segmented on the basis of the Type, Application and end-User Industries. Based on the Type, the Global Aramid Fiber Market is segmented as meta-aramid, para-aramid, and others. The market is segmented on the Basis of its Application into security & protection, frictional materials, rubber reinforcement, optical fiber, electrical insulation, and others. On the Basis of the End-User Industries, the Global Aramid Fiber Market is segmented into aerospace & defense, automotive, consumer goods, marine, and others. Regional Analysis The Global Aramid Fiber Market is segmented into five regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. The growing product demand from end-use industries such as defense, automotive, and consumer goods in Asia Pacific is the major driver of the market. The high production and sales of automotive and consumer goods in countries such as India, China, and Japan have contributed to this growth. The high demand from the defense and automotive sector in the U.S. is the major driving factor of the market in North America. Europe is growing due to the high production and sales of various automotive parts in western European countries. The growing automotive sector in Mexico is driving the Latin America market. The substitution of steel and asbestos in various construction activities is driving the market in the GCC countries. Get Complete Report @ https://www.marketresearchfuture.com/reports/aramid-fiber-market-5868 About Market Research Future: At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. Contact: Like it? Share it! More by this author |