High Demand from Optical Fiber Cables and Filtration Sectors Coupled with Continued Growth in Safety & Protection to Drive Global Aramid Fiber Market to Reach USD4.5 billion by 2025 – Aramid Fibers Market Report (2018-2025) by Industry Experts, Inc.
Wednesday 10 Apr 2019
Industry Experts, Inc. published an updated 2019 version of the exclusive and comprehensive global market report on Aramid Fiber. The new report entitled "Aramid Fibers (Para and Meta) – A Global Market Overview" reveals that the global market for Aramid Fiber is forecast to cross 150 metric tons by 2025.
Aramid fiber, composed of aromatic polyamides, has been a key material for use in various applications due to its diversified characteristics including high strength, impact resistance, low density, good chemical resistance, high heat resistance and abrasion resistance. Safety & protection, electrical insulation, filtration, frictional materials, optical fiber cables, rubber and tire reinforcements are among the current applications in which aramid fibers have been mostly utilized.
Global demand for aramid fibers (both para-aramid and meta-aramid) is projected to register a CAGR of 6.6% to reach US$4.5 billion by 2025. Para-aramid fiber is the largest as well as the fastest growing type of aramid fibers globally, occupying around 64% of the global market in 2018. Among different applications of aramid fibers, optical fiber cables are slated to outpace all other application areas in terms of growth with a volume CAGR of 8.3% during the 2019 to 2025 analysis period.
Aramid fiber product types analyzed in this study include Para-Aramid fibers and Meta-Aramid fibers. With a slight overlapping for these two product segments, end-use application areas of aramid fibers analyzed include for Para-Aramid Fibers – Safety & Protection, Frictional Materials, Optical Fiber Cables, Tire Reinforcements, Rubber Reinforcements and other applications; and Meta-Aramid Fibers – Electrical Insulation, Safety & Protection, Filtration, Rubber Reinforcements and other applications.
This report reviews, analyses and projects the aramid fibers market
for global and the regional markets including North America, Europe, Asia-Pacific and Rest of World. The regional markets further analyzed for 13 independent countries across North America – The United States and Canada; Europe – France, Germany, Italy, the Netherlands, Russia, Spain and the United Kingdom; Asia-Pacific – China, Japan, India and South Korea.
This 385 page aramid fibers global market report includes 299 charts (includes a data table and graphical representation for each table), supported with a meaningful and easy to understand graphical presentation, of the market. This report profiles 10 key global players and 22 major players across North America – 1; Europe – 6 and Asia-Pacific – 15. The report reveals the recent market shares of all the major players for both para-aramid and meta-aramid fibers while illustrating the installed production capacities and future expansion plans and capacity increases in the global aramid fiber industry. The report also provides the listing of the companies engaged in manufacturing and supply of aramid fibers and its downstream products. The global list of companies covers addresses, contact numbers and the website addresses of 83 companies.
California, USA based Industry Experts, Inc. is a multi-industry focused market research provider.
For more details, please visit http://industry-experts.com/verticals/chemicals-and-materials/aramid-fibers-para-and-meta-a-global-market-overview