Materials & Chemicals

Global Aramid Fiber Market 2015-2019

  • TEC250739
  • 100 Pages
  • July 2015
  • Materials & Chemicals
About Aramid Fibers

The need for high-performance materials that can substitute and outperform naturally occurring materials led to the rise of synthetic fibers. Some of the most prominent synthetic fibers are carbon fibers, polyester, glass fibers, and aramid fibers. Of the above, aromatic amide or aramid fiber stands out on account of its scope of application and performance relative to other fibers. This man-made fiber known for its heat resistance, chemical inertness, and superior mechanical properties is rapidly gaining popularity in ballistic, heat resistant, automotive, and aeronautical applications. The fiber is poised to replace many of its substitutes including carbon fiber and glass fiber in various end-uses.

Aramid fiber is usually marked under various brand names such as Kevlar, Twaron, Technora, and Nomex. The production of the fiber is heavily concentrated in the hands of a few companies that enjoy absolute monopoly in many of the markets. Major vendors are aggressively pursuing capacity expansion and R&D to break the competition structure in many geographies. This along with robust demand from end-use industries is expected to radically influence the market structure over the forecast period.

Technavio's analysts forecast the global aramid fiber market to grow at a CAGR of 8.07% over the period 2014-2019.

Covered in this Report

This report covers the present scenario and the growth prospects of the global aramid fiber market for the period 2015-2019. The report provides data on the following segments of the market:
End-use (safety and protection, construction, defense and aerospace, automotive, sports utility goods, electrical appliances, and others)
Geography (North America, EMEA, APAC, and ROW)
Type (para-aramid, meta-aramid, and others)

Technavios report, Global Aramid Fiber Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from various industry experts. The report includes a comprehensive discussion on the market, an extensive coverage on various applications, geography, and type of aramid fibers. The report provides comments on both the existing market landscape and the growth prospects in the coming years. The report further includes a discussion of the key vendors operating in this market and uses Porter's generic strategies to explain the competitive nature of various vendors in the market.

Key Vendors
BASF
Celanese
Du Pont
Kolon
Solvay
Teijin

Other Stakeholders
Banco
Bosch
GKN Aerospace
Honeywell
Hyosung
Magna
Valeo

Market Drivers
Growth of Nanomaterial Industry
For a full, detailed list, view our report

Market Challenges
Limited Number of Patents
For a full, detailed list, view our report

Market Trends
Establishment of Lightweight Aramid Fibers in Vehicle Armors
For a full, detailed list, view our report

Key Questions Answered in this Report
What will the market size be in 2019 and what will the growth rate be?
What are the growth prospects of the product in relation to that of its substitutes?
What are the various end-uses and potential applications for the product?
What are the key market trends?
What is driving the market?
What are the challenges to market growth?
Who are the key vendors in this market space and what is the nature of competition between them?
What are the market opportunities and threats faced by the key vendors?
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