According to a new report published by Reports Monitor titled, “Aramid Fiber Market by Type, Application and End-User: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the Aramid Fiber Market is rapidly growing from 2017 to 2025. Europe is dominating market accounts for highest share of the market and is anticipated to maintain this trend throughout the forecast period.
During last decades, there is a significant increase in the demand for the durable and high quality of products. Aramid fibers are synthetic fibers prepared by reaction between carboxylic acid halide group and amine group and possess strong hydrogen bond that efficiently transfers mechanical stress enabling use of chains of relatively low molecular weight. Aramid fibers exhibit typical enchanted features such as upgraded performance, heat resistant, increased resistance to abrasion, organic solvent, non-melting, non-conductive, enhanced fabric integrity at high temperature and greater strength. These aramid fibers have explored broad spectrum applicability in variety of end-use sectors including military defence, automotive, composites, aerospace, ballistics, protective clothing against radiation, heat or chemicals, and others. Along with use in manufacturing of rubbers and tires they even fill as substitute to asbestos material and serve as optical fiber cables in telecommunication.
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Rising requirement for security and defensive measure and expanding assembling of ballistic scope, such as, bulletproof armours, law enforcement vest, and vehicle reinforcement in military drives the worldwide aramid fiber market. Expanding consumption on defence, quick improvement and mechanical advances in transportation, drive for higher fuel productivity and being potential substitute for asbestos and steel empowers the aramid fiber market globally. Moreover, headway in aviation ventures and quickly developing Gross domestic product in rising nations will fuel the development of the market. Nonetheless, High manufacturing cost, requirement for huge amount in innovative work and non-biodegradable nature of the material might slowdown the development of the market. Blossoming expenses in defence, appropriation of cutting edge aramid materials and developing need from automotive and aviation sector give lucrative opportunities to market players to expand the business.
Key Question Answered:
• What will the market growth rate, Overview and Analysis of Global aramid fiber Market over the forecast period from 2017 to 2025?
• What are the key factors driving the growth of the market, Analysis by Applications and Countries engaged in Global aramid fiber Market?
• What are the Opportunities, trends, Risk and threats Faced by the vendors in Global aramid fiber Market?
• What are the challenges to encounter by key vendors in the global aramid fiber market growth?
• Deep analysis of top key players in the market and what are their strategies to expand aramid fiber market globally?
• What is the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• Macroeconomic factors affecting the growth of the aramid fiber market and what are the key outcomes of the five forces analysis of the global aramid fiber market?
Major Key players included in the report are: Teijin Ltd., Yantai Tayho Advanced Materials Co., Toray Chemicals South Korea Inc., Hyosung Corp., Kolon Industries Inc. Huvis Corp., Kermel, SRO Aramid (Jiangzu) Co. Ltd. and China National Bluestar (Group) Co. Ltd.
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The study for Aramid Fiber Market will provide market size, estimates and forecast based on the following years:
Historic data: 2015
Base Year Estimate: 2016
Forecast: 2017 to 2025
The report has been categorized in two distinctive sections, where the first category titled as Market Overview provides a holistic view of the market, key trends, drivers, challenges/restraints or opportunities with their current and expected impact on the overall industry sales.
Our analyst implement several qualitative tools such as Ansoff’s Matrix, PESTEL analysis, Porter’s five force analysis among other to interpret and represent key industry findings.
The second section of the study provides market size, estimates and forecast for key market segments and regional market. The final part of the report highlights key manufacturers/vendors operating in the associated market.
1.1 Market Definition
1.2. Market Scope
2.1. Primary Research
2.2. Secondary Sources
2.3. Assumptions & Exclusions
3.1. Research Report Segmentation & Scope
3.2. Key Market Trend Analysis
3.2.1. Market Drivers
3.2.2. Market Restraint/Challenges
3.2.3. Market Opportunities
3.3. Porter’s Five Forces Analysis
3.4. Potential Venture Avenues
3.5. Market Share Analysis, 2016
We at Garner Insights.com provide a comprehensive analysis by providing in-depth reports of the various market verticals. Our Mission is to provide a detailed analysis of the vast markets worldwide backed by rich data. Decision makers can now rely on our well-defined data gathering methods to get the correct and accurate market forecasting along with detailed analysis.