Global Aramid Fiber Market

Aramid Fibers are synthetic fibers which have found application in various industries. These are artificial fibers produced by a process known as polymerization. Aramid fibers are resistant to abrasion and show tenacity due to their chemical and mechanical properties. There is a rising demand for Aramid Fibers because of their light weight and their ability to act as a substitute for carbon and steel fibers. The main advantage of aramid fibers is that they combine high performance and durability with low maintenance.

Market Dynamics

The factors driving the growth of the global aramid fiber market are the rising demand for protective clothing in various sectors, increased usage in the automobile sector, sizeable penetration of aramid fiber in head protection applications, significant technological advancements and rising government investments in safety and protection applications. The high cost of production, rising Research & Development (R&D) costs and increase in product prices are factors acting as barriers to the growth of the global aramid fiber market.

Market Segmentation

The Global Aramid Fiber Market has been segmented into fourtypes on the basis of type, application, end-use and geography.

Segmentation by Type

--> Safety and Protection

--> Frictional Material

--> Rubber Reinforcement

--> Electrical Transmission (Optical Fiber)

--> Others

Safety and Protection is the highest revenue generator in this segment due to the high demand for protective clothing from the defence and industrial sectors.

Segmentation by Application

--> Para Aramid Fiber

--> Meta Aramid Fiber

Meta Aramid fiber is expected to post the best growth in this segment because of its use in electrical insulation and safety & protection equipment.

Para Aramid Fibers

Segmentation by End-Use

--> Automotive

--> Defence and Aerospace

--> Construction

--> Sports Utility

--> Electric cables

--> Protective Clothing

--> Electronics and Telecommunication

--> Others

Protective clothing is the major revenue generator in this segment due to its heavy use in various industrial sectors. Construction is expected to see the highest growth rate in this segment.

Segmentation by Geography

--> North America

--> Europe

--> Asia Pacific

--> Rest of the World (RoW)

Europe contributes a huge share of the market globally and is also expected to post the biggest growth among all the regions. North America comes a close second in terms of revenue share to Europe.

Regional/ Geographic Analysis

Europe is the global leader and is driven by strict safety regulations regarding use of protective clothing in industries and the demand from the automotive sector. North America is expected to have a steady growth mainly because of its enormous spending on military & defence. Asia Pacific is projected to have good growth opportunities due to the rising demand in the optical fiber segment and the budding automotive industry in this region.

Key Players

The major players in the global aramid fiber market are Teijin Aramid B.V., DowDuPont,Huvis Corporation, Kermel, JSC Kamenskvolokno, Yantai Tayho Co., BASF, Solvay, Hoechst, Bosch, Magna International, Hyosung, Valeo, Banco Systems, GKN Aerospace, and Honeywelland Kolon Industries Inc.

Report Contents:

> Market segments

> Market Drivers, Restraints and Opportunities

> Market Size & Forecast 2016 to 2022

> Supply & Demand Value Chain

> Market - Current Trends

> Competition & Major Companies

> Technology and R&D Status

> Porters Five Force Analysis

> Strategic and Critical Success Factor Analysis of Key Players

Regional Analysis:

> North America

>> US and Canada

> Latin America

>> Mexico, Brazil, Argentina and Rest of Latin America

> Western Europe

>> EU5 (Germany, France, Italy, Spain, U.K.)

>> Nordic Countries (Denmark, Finland, Norway, and Sweden)

>> Benelux (Belgium, The Netherlands, and Luxembourg)

>> Rest of Western Europe

> Eastern Europe

>> Russia

>> Poland

>> Rest of Eastern Europe

> Asia Pacific

>> China

>> India

>> Japan

>> Australia and New Zealand

>> Rest of Asia Pacific

> Middle East and Africa

>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)

>> South Africa

>> North Africa

>> Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Report Highlights:

> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)

> Consumer and Pricing Analysis

> Market dynamics of the industry

> Market Segmentation

> Estimated Market Sizing in terms of volume and value

> Recent trends in Market and impact

> Research Status and Technology Overview

> Extensive Industry Structure Coverage