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Research Reports incorporated a definite business overview and investigation
inclines on "Aramid Fiber Market ".
This report likewise incorporates more illumination about fundamental review of
the business including definitions, requisitions and worldwide business sector
industry structure.
Aramid fibers are high performance synthetic fibers
with rigid polymer chains. The fibers were discovered at E. I. du Pont de
Nemours and Company under the trade name Kevlar. aramid fibers are manufactured
by condensation reaction of terephthaloyl chloride and paraphenylene diamine.
Aromatic ring structures of aramid fibers lead to high thermal stability and
rigid molecule structure lead to high tensile strength for aramid fibers. Para
aramid fibers belong to the class of liquid crystalline polymers. Aramid fibers
have high tensile strength, abrasion resistance, low flammability and have high
resistant to organic solvents.
Aramid fibers are
available in several forms such as roving, continuous filament yarns, spun
yarns, pulp and woven fabrics. Aramid fibers are employed as reinforcement for
tires and plastics, cables, ropes, and as a substitute for asbestos. Aramid
fibers are also used in the production of bullet proof vests and fireproof
clothing. The end user industries for aramid fiber include homeland security,
defense, infrastructure and automobiles among others. Safety applications such
as fireproof clothing and bullet proof vests among others dominate the global
demand for aramid fibers and the trend is anticipated to continue during the
forecast period. Moreover high strength and friction resistance of aramid
fibers have led to surge in demand for aramid for infrastructure applications
such as bridges. Infrastructure is anticipated to be the fastest growing
application for aramid fibers.
Aramid fibers are used as
a substitute for steel in the construction industry.
Aramid fibers have high
tensile strength and are inert to organic solvents owing to which they increase
the durability of structures. Moreover light weight of aramid fiber lead to
easy transportation and application of these fibers in the infrastructure
industry. Therefore, growth in infrastructure activities is anticipated to be a
major actor fuelling growth for aramid fiber market. Increasing investment in
defense and homeland securities by nearly all major economies across the globe
has been a major driver for the demand of aramid fibers and is also expected to
drive demand for aramid fibers during the forecast period.
The ultraviolet rays cause
degradation of aramid fiber owing to which a coating has to be applied over
aramid fibers leading to increase in the production cost which has been a major
restraint for aramid fiber market growth. Increasing demand for light weight
vehicles is anticipated to offer huge growth opportunity for aramid fiber
market during the forecast period.
Asia Pacific dominates the
global demand for aramid fiber and the trend is anticipated to continue during
the forecast period. Demand for aramid fiber in Asia Pacific is primarily
driven by increasing industrial investment and high GDP growth in the emerging
economies of India and China leading to growth in several end user industries
such as infrastructure, automotive among several others. North America is the
second largest market for aramid fibers. Demand for aramid fiber in North
America and Europe is anticipated to grow at a sluggish rate owing to market
saturation in several end user industries. Increasing demand for fuel efficient
light weight vehicles is expected to drive demand for aramid fiber in North
America and Europe.
Aramid fiber market is
concentrated and is dominated by few global companies including Teijin and E.
I. du Pont de Nemours and Company. Some of the other major players in the
market are Fibermax Composites and Kolon Industries among others.
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This research report
analyzes this market depending on its market segments, major geographies, and
current market trends. Geographies analyzed under this research report
include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report provides
comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming
years
This report is a
complete study of current trends in the market, industry growth drivers, and
restraints. It provides market projections for the coming years. It includes
analysis of recent developments in technology, Porter’s five force model
analysis and detailed profiles of top industry players. The report also
includes a review of micro and macro factors essential for the existing market
players and new entrants along with detailed value chain analysis.
Reasons for Buying this Report
- This
report provides pin-point analysis for changing competitive dynamics
- It
provides a forward looking perspective on different factors driving or
restraining market growth
- It
provides a technological growth map over time to understand the industry
growth rate
- It
provides a seven-year forecast assessed on the basis of how the market is
predicted to grow
- It
helps in understanding the key product segments and their future
- It
provides pin point analysis of changing competition dynamics and keeps you
ahead of competitors
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helps in making informed business decisions by having complete insights of
market and by making in-depth analysis of market segments
Download PDF: Global Aramid Fiber Market
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