Optical Fiber Cables and Filtration Applications to Drive the Demand for Global Aramid Fibers to touch 110k MT valued at $4.7bn by 2020
Wednesday 09 Jul 2014
Industry Experts has today announced the addition of a new market study on Aramid Fibers to their market research collection. As per the report titled 'Aramid Fibers (Para and Meta) – A Global Market Overview', Safety & Protection, Frictional Materials, Electrical Insulation and Optical Fiber Cable sectors are the major consumers of aramid fibers that are expected to account for about 70% overall consumption in 2015.
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, which was bottomed out in 2009 has increased to record level in 2011 and is projected to increase by a CAGR of about 7% during 2014-2020, reflecting the growing need for materials that contribute to enhanced safety and security, low weight and help reducing energy consumption. Global demand for aramid fibers (both para and meta) is estimated at 74.5 thousand metric tons in 2014 and is further projected to reach 110 thousand metric tons by 2020 valued at US$4.7 billion.
Safety & protection constitutes the largest end-use application for aramid fibers accounting for a share of over 30 percent in 2013. However, in terms of growth, optical fiber cables are slated to outpace all other application areas with a volume CAGR of 8.4% during the 2014 to 2020 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.
>The 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 418 page global market report includes 311 charts (includes a data table and graphical representation for each chart), supported with meaningful and easy to understand graphical presentation, of market numbers. The statistical tables represent the data for the global market volume in Metric Tons and value in USD by geographic region, product type and end-use application.
This study profiles 12 key global players and 21 major players across North America – 1; Europe – 6 and Asia-Pacific – 14. 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. The global list of companies covers addresses, contact numbers and the website addresses of 23 companies.
Hyderabad, India based Industry Experts is a multi industry focused business information provider.
For more details, please visit http://industry-experts.com/verticals/chemicalsandplastics/aramid-fibers-para-and-meta-a-global-market-overview.html