Zion Market Research, the market research group announced the analysis report titled “Aramid Fiber Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024″
Global Aramid Fiber Market: Overview
The aramid fibers are fibers that are considered to be very strong and have high heat resistant property. They are mainly used in the manufacturing of the clothing such as gloves, footwear, and helmets that are stab and fire-resistant. They are mainly used for industrial, military and civilian purposes. These fibers are resistant to both abrasion impact and damage. When they are combined with epoxy they become waterproof. The two type of aramid fibers is para-aramid fibers and meta-aramid fibers. Para-aramid fibers possess properties such as high tenacity, strength-to-weight property, and low elongation while meta-aramid fibers have excellent physical and mechanical properties.
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Global Aramid Fiber Market: Segmentation
The global aramid fiber market is segmented into type, application, and region. On the basis of the type, the aramid fiber market is segregated into meta-aramid, para-aramid and others. Based on the applications, the market is categorized into security & protection, optical fiber, rubber reinforcement, electrical insulation, frictional materials, tire reinforcement, aerospace, and others. Regionally, the aramid fiber market is diversified into regions such as North America, Latin America, Europe, Asia-Pacific and the Middle East and Africa.
Global Aramid Fiber Market: Growth Factors
The demand for the aramid fiber is increasing in the security and protection application which is driving the market growth. Para-aramid plays a key role in the overall growth of the market; it is owing to their unique properties they are considered to be suitable for usage in wide applications. The aramid fiber has high strength, resistance to organic solvents, resistance to abrasion and fabric integrity at elevated temperatures hence being widely used in the security application. The other factor that is driving the market is the rising awareness of the consumers about safety and security. The aramid fibers are used in the making of body armors, bulletproof vests, helmets and vehicle armors thus being majorly used in the defense sector.
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Global Aramid Fiber Market: Regional Analysis
The aramid fiber market is dominated by Europe. The demand for the aramid fiber is increasing in the European region owing to its increased usage in the countries such as Germany, France, and the UK. There are stringent safety regulations in Europe and the North America in industries such as construction, steel, oil & gas and aluminum which in turn is fueling the market demand for the protective clothing. The regulations in the European region mandate adequate safety precautions for the military personnel and the industrial workers which are fostering the market growth. The Asia-Pacific region is the fastest growing market in terms of volume. The reason for this growth is the increasing demand of the aramid fiber in the optical fiber segment. The growth of the automobile industry also boosts the demand for the aramid fiber in the region.
Global Aramid Fiber Market: Competitive Players
The major market players in the aramid fiber market include E.I. du Pont d e Nemours & Co., Kermel Toray Chemical Korea Inc., Yantai Tayho Advanced Materials Co., Kolon Industries Inc., Teijin Limited, Hyosung Corporation and SRO Aramid Co. Ltd.
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Global Aramid Fiber Market: Regional Segment Analysis
North America(U.S.); Europe(UK, France, Germany); Asia-Pacific(China, Japan, India); Latin America(Brazil); The Middle East and Africa
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