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Aramid Fiber Market- Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015-2023. The market is anticipated to reach US$ 5,099.1 Mn by 2023.
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Aramid FiberGlobal Industry Analysis, Size, Share, Growth, Trends and Forecast, 2023 Rise in Aramid Fiber Demand in Numerous Industries to Make Market Fetch CAGR of 7.8% ©2019 Transparency Market Research, All Rights Reserved
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Research Insights In 2014, the global aramid fiber market was valued at about US$1598.2 mn in 2014, and is further expected to gain a revenue worth US$5099.1 mn by 2023. This growth is expected to occur at a strong CAGR of 7.8%, which is projected to occur during the forecast period from 2015 to 2023. High cost of processing raw materials required to make aramid fibers is often passed onto the end consumers in the form of exorbitant product prices, consequently hindering the global carbon fiber market. The global aramid fiber market is mainly segregated into various segments depending on few categories such as product type, end users, and region. Under product type, para-aramid fiber and meta-aramid fiber are two prominent segments present in the global aramid fiber market. China National Bluestar (Group) Co. Ltd., Guangdong Charming Co., Ltd., E. I. du Pont de Nemours and Company, Kolon Industries Inc., Teijin Aramid, HYOSUNG Corporation, SRO Group (China) Ltd., Alchemie Group, and Yantai Tayho Advanced Materials Co. Ltd. Kermel, are key players operating in the global aramid fiber market. View Report Download Brochure ©2019 Transparency Market Research, All Rights Reserved
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