Aramid Fibre Market: PMR Market Insight Report 2015 to 2021
The global aramid fibre market is increasing rapidly due to its increasing usage across various industries such as automobile and apparels. Some of the major factor identified are increasing demand for aramid fibres for optical fibre reinforcement and security & protection application. Also, macroeconomic factors such as growing GDP, rising income level are fuelling the growth of the global aramid fibre market. However high cost of material and competition from substitute product can pose a major challenge towards the growth of the global aramid fibre market to some extent.
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