Aramid Fiber Market Size - Industry Share Analysis Report 2017-2024 - PowerPoint PPT Presentation

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Aramid Fiber Market Size - Industry Share Analysis Report 2017-2024

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Stringent regulations executed by the U.S. OSHA concerning the occupational safety will augment protective clothing consumption by 2024, which in turn propel the aramid fibers demand. – PowerPoint PPT presentation

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Title: Aramid Fiber Market Size - Industry Share Analysis Report 2017-2024


1
Aramid Fiber Market Growth, Application Analysis
from 2017 to 2024
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2
Global Market Scenario of Aramid Fiber Market
  • Aramid Fiber Market Size will surpass USD 5
    billion by 2024 according to a new research
    report by Global Market Insights, Inc.
  • Manufacturing sector has been observing product
    demand with utmost importance to smaller
    ecological footprint, enhanced safety and
    cost-efficiency.
  • Aramid fibers have been gaining the prominent
    preference in the area of ballistic protection
    for their high tensile strength, high modulus and
    resistive physical properties to bullets,
    shrapnel bomb fragments, stabbing, etc.
  • Apart from the protective apparels, aramid fibers
    are likely to find vast applications in the
    fields including automotive, aviation, marine,
    electrical electronics, etc. by 2024, for their
    low flammability, non-conductivity, light weight
    and substantial thermal chemicals resistance.
  • Aramid fibers market will be driven by the
    sectors where weight savings are critical, for
    instance, automotive, space vehicles, aircraft
    components, helicopters and missiles.

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3
Continue-
  • Rising demand from the escalating automotive
    industry will propel global aramid fiber market
    in the near future. For instance, Total
    automotive sales in the North America including
    U.S. and Canada were over 19 million units in
    2016 and is likely to witness 4 growth by 2024.
  • Aramid fibers find extensive automotive
    applications in tire reinforcement (in racing
    automobiles, off-road, buses, and trucks), power
    transmission belts, industrial and automotive
    hoses, brake, clutch, and gasket uses etc.

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4
U.S. aramid fiber market size, by application,
2013 - 2024 (USD Million)
Request Sample Copy of This Research Report_at_
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5
360 Industry Analysis
  • Aramid fibers market will observe significant
    demand from electrical insulation, sporting
    goods, marine applications in the foreseeable
    timeframe. Characteristics such stiffness, light
    weight, damage tolerance, vibration damping, etc.
    which are essential in marine recreational
    industries will drive their demand in the hulls
    of canoes, kayaks, and sail power boats.
  • In 2016, safety applications led the aramid fiber
    market and generated revenue over USD 900
    million. Rising investment by various nations to
    bolster their defense sectors amidst rising
    uneven warfare will augment the demand for aramid
    fibers from safety applications.

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6
  • Regional Analysis
  • Europe led the global aramid fiber market with a
    market share over 30 in 2016. However, the
    region will exhibit comparatively moderate growth
    rate in the coming years. Asia Pacific aramid
    fiber market will witness promising growth close
    to 9 by 2024. Rising automotive industry and
    infrastructural development will be the key
    factors boosting the regional growth. Total
    automotive sales in Asia Pacific region
    including China, India, Japan, Australia,
    Indonesia, Thailand and Malaysia were over 40
    million units in 2016 and shall escalate by 2024.
  • Competitive Analysis
  • Aramid fiber market is highly consolidated with
    key players including DowDuPont, W. Barnet GmbH,
    Tejin Aramid, Hyosung, JSC Kamenskvolokno, Yantai
    Tayho, Huvis Corporation, Kolon Industries,
    Kermel, etc. contributing over 60 market share.
    Industry participants have been investing heavily
    in RD in response to the upward demand for the
    high-performance aramid fibers.

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7
Latest Research Report On Aramid Fiber Market
_at_ https//bit.ly/2yaqhlI Request for sample of
this research report_at_ https//bit.ly/2HL6bY6
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Rights Reserved
www.gminsights.com
8
Stay In Touch You can visit us at
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Thank You!
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