DUBLIN--(BUSINESS WIRE)--The "Global
Aramid Fiber Market - Segmented by Type, Applications, End-User Industry
and Geography - Growth, Current Trends and Forecast (2018 - 2023)"
report has been added to ResearchAndMarkets.com's
The Global Aramid Fiber market is estimated at 2.66 billion in 2018 and is expected to grow significantly during the forecast period, 2018-2023.
The latest trend for Aramid Fiber is gaining momentum due to its high application in defense industry. The increase in investment by economies, like China, Japan, Saudi Arabia, France, US, Russia is expected to grow and increase their defense and aerospace budget owing to the resurgence of global security threats.
High cost of production & investment in R&D is a major reason for its high price. Another factor restraining the growth of the market is the availability of low-cost substitutes, like glass fibers and carbon fibers. This has been acting as a hindrance to the growth of the aramid fiber market.
On industrial ground Aramid Fibers are basically of two types, Para and Meta Aramid Fibers. Para-aramids provide unique combinations of toughness, extra high tenacity, modulus of elasticity, and exceptional thermal stability. Therefore, the end-uses of para-aramids cover a broad range of industrial, aerospace, military and civilian applications, which include ballistic apparel, hard armors, brake and transmission friction parts etc.
The United States is the world's largest economy in the world, with a per capita income of USD 55,900 and advanced technologies. The aerospace industry is shifting more of its manufacturing investments to the United States after a decade. Therefore, this will increase the consumption of aramid fibers. The automotive production in the United States of America is expected to grow rapidly due to the growing population and rising income of the people.
- Kolon Industries Inc.
- Teijin Limited
- Honeywell International Inc.
- Hyosung Corporation
- Toray Industries Inc
- Sro Aramid Co. Ltd.
- Yantai Tayho Advanced Materials Co. Ltd.
- Huvis Corporation
- Ibiden Co. ltd.
- China National Bluestar.
Key Topics Covered:
2. Executive Summary
3. Market Insights
4. Market Dynamics
5. Market Segmentation and Analysis
6. Regional Market Analysis
7. Competitive Landscape
8. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/p9vt5z/global_aramid?w=4