NEW YORK, Nov. 14, 2018 /PRNewswire/ -- Aramid Fiber
Market Size Share & Trends Analysis Report By Product
(Para-aramid, Meta-aramid), By Application (Security &
Protection, Frictional Materials, Optical Fibers), And Segment
Forecasts 2018 - 2025
Read the full report: https://www.reportlinker.com/p05620895
The global aramid fiber market size is expected to reach
USD 5.90 billion by 2025, according
to a new study by Grand View Research, Inc., registering a CAGR of
8.2% during the forecast period. Growing demand for protective
clothing in various end-use industries such as construction,
manufacturing, and oil and gas, as well as law enforcement,
military, and firefighting is expected to drive the overall market
over the forecast period.
Aramid fibers are synthetic high-performance fibers with molecules
that are described by rigid polymer chains.These molecules are
connected by hydrogen bonds, which transfer mechanical stress
easily and efficiently.
Aramid fibers are distinguished from other synthetic fibers by
various characteristics such as low flammability, good resistance
to organic solvents, high strength, good resistance to abrasion,
non-conductivity, no melting point, and good fabric integrity at
elevated temperatures.
Aramid fibers find wide-scale application in security and
protection, frictional materials, rubber reinforcement, and optical
fibers. Over 30% of aramid fiber produced is used for security and
protection applications in various industries such as law
enforcement and military, oil and gas, pharmaceuticals, building
and construction, and firefighting.
Para-aramid fiber is projected to play a key role in market growth
over the forecast period owing to its advantageous properties such
as high strength and rigid molecular structure, which drive its
utilization in security and protection application. Rising demand
for protective headgear, safety goggles, protective footwear,
earplugs, gloves, safety harnesses, and others is anticipated to
propel product demand over the forecast period.
Further key findings from the repot suggest:
• Para-aramid was the largest product segment in the global aramid
fiber market in 2017 and is anticipated to dominate the market
through the forecast period
• Security and protection accounted for the largest share by
application in 2017 on account of increasing applicability of
personal protective equipment in various end-use markets
• Europe dominated the overall
aramid fiber market and is projected to expand at a CAGR of 7.7%
over the forecast period. Increasing demand from various end-use
markets in Asia Pacific,
particularly in China and
India, is likely to drive this
market
• Asia Pacific is projected to
register the highest CAGR of 9.8% over the forecast period owing to
increasing demand in emerging countries such as China and India.
Read the full report: https://www.reportlinker.com/p05620895
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