Growth Opportunities in the Global Aramid Fiber Market
The future of the global aramid fiber market looks good, with opportunities in the aerospace,automotive, protective clothing, electronics and telecommunication. The global aramid fibermarket is expected to reach an estimated $3.8 billion by 2021 and it is forecast to grow at a
CAGR of 6.2% from 2016 to 2021. The major drivers of growth for this market are increasingusage of aramid fiber in brake pads, clutches, gaskets, lining, and tire in automotive and growingdemand for protective clothing from defense and industrial sectors.
In this market, aerospace, automotive, electronics and telecommunication, protective clothing andthers are the major end use industries. On the basis of its comprehensive research, Lucintelforecasts that the aerospace and protective clothing are expected to show above average growthduring the forecast period of 2016 to 2021.
Within the global aramid fiber market, safety and protection, friction material, rubberreinforcement, and electrical transmission are the major applications. Safety and protectionapplication is expected to remain as the largest market by value and volume consumption.
Growth in demand of protective clothing from the military personnel and stringent regulations in
Europe and North America regarding employee health & safety, which would spur growth for thissegment over the forecast period.
For business expansion, the report suggests new product development to provide more safety tothe end use industry. Emerging trends, which have a direct impact on the dynamics of theindustry, include increasing penetration of aramid fiber advances in head protection application.
DuPont, Teijin Aramid, Yantai Tayho Advanced Materials Co. Ltd., Hyosung Corporation, Kolon
Industries are among the major manufacturers of aramid fiber. Some companies are opting forM&A as a strategic initiative for driving growth. For business expansion, the report suggestsinnovation and new product development to produce high-performance aramid fiber. The reportfurther suggests the development of partnerships with customers to create win-win situations anddevelopment of low-cost solutions for customers.
This unique report from Lucintel will provide you with valuable information, insights, and toolsneeded to identify new growth opportunities and operate your business successfully in thismarket. This report will save hundreds of hours of your own personal research time and willsignificantly benefit you in expanding your business in this market. In today’s challengingeconomy, you need every advantage that you can find.
Scope and Features of This Report:
To make critical business, investment, or strategic decisions, you need timely useful information.
This market report fulfills this core need and is an indispensable reference guide for materialsuppliers, product manufacturers, investors, executives, distributors, and more that operate in thismarket. Some of the features and scope of this report include the following:
Market size estimates: Growth opportunities in the global aramid fiber market in terms of value ($ Mil) and volume (M lbs.) shipment
Trend and forecast analysis: Global aramid fiber market trend (2010-2015) and forecast (2016-2021) by region and segment
Segmentation analysis: Global aramid fiber market size by various application segments such as Global aramid fiber market size by applications:
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