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Aramid fibers are synthetic fibers with exceptional heat-resistance and strength. Due to their high strength and heat resistant properties, aramid fibers are widely used in the aerospace & defense industry and safety equipment industry for making ballistic body armors, helmets, sporting goods, and other protective clothing. Aramid fiber were first developed and commercialized by DuPont in 1960s, under the brand name Nomex.
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Aramid Fiber Reinforcement Materials Market Opportunities and Forecasts, 2014 – 2020
“The demand for aramid fiber from the defense and consumer goods segment is anticipated to create lucrative opportunities for the market growth.” Eswara Prasad ARAMID FIBER REINFORCEMENT MATERIALS MARKET
ARAMID FIBER REINFORCEMENT MATERIALS MARKET OVERVIEW • Aramid fiber reinforcement materials market was valued at $2,680 million in 2015, and is projected to reach $4,813 million by 2022, growing at a CAGR of 8.8% from 2016 to 2022. • The factors that drive the global aramid fiber reinforcement materials market include growth in demand from the consumer goods & defense sector and exceptional properties of aramid fiber such as heat resistance and strength. • Due to their high strength and heat resistant properties, aramid fibers are widely used in the aerospace & defense industry and safety equipment industry for making ballistic body armors, helmets, sporting goods, and other protective clothing. • The para-aramid fiber segment accounted for the highest market share in 2015, owing to the high tenacity, high tensile modulus, and high heat resistance of para-aramid fibers. • Increase in concern for health and safety of defense personnel & industrial employees, and demand from industries such as automotive, rubber reinforcement, telecommunication, and advanced material composites drive the market growth for para-aramid fibers. • Read more: https://www.alliedmarketresearch.com/breast-pump-market
ARAMID FIBER REINFORCEMENT MATERIALS MARKET KEY BENEFITS • This report provides a detailed study of aramid fiber reinforcement materials market trends and forecast from 2014 to 2022, which assist to identify the prevailing market opportunities • In-depth coverage of the global market, including drivers, restraints, and opportunities, helps professionals to understand the market behavior in a better way. • This study further includes market share analysis in terms of type and end-use industries globally. • Detailed study of the strategies of key leaders, partnerships, and acquisitions in the market is provided. • Porter’s Five Forces analysis examines the competitive structure of the market and assists strategists in better decision-making.
ARAMID FIBER REINFORCEMENT MATERIALS MARKET TOP INVESTMENT POCKETS
ARAMID FIBER REINFORCEMENT MATERIALS MARKET, BY GEOGRAPHY (2015-2022)
ARAMID FIBER REINFORCEMENT MATERIALS MARKET KEY FINDINGS • The marine segment is expected to witness the highest growth rate from 2016 to 2022, in terms of both value and volume. • In 2015, North America generated maximum revenue, with over one-third share of the global market. • Argentina is expected to grow at the highest CAGR of 13.3% during the forecast period. • The para-aramid fibers segment dominated the market in 2015, and is expected to maintain its lead throughout the forecast period. • In terms of both value and volume, the Asia-Pacific region is expected to witness highest growth rate in the aramid fiber market from 2016 to 2022.
CHINA ARAMID FIBER REINFORCEMENT MATERIALS MARKET, 2014-2022 ($MILLION)
ARAMID FIBER REINFORCEMENT MATERIALS MARKET BY GEOGRAPHY North America, Europe, Asia-Pacific, LAMEA,
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