A brief overview of Aramid Fiber Reinforcement Materials Market is provided in the report based on product scope and market status & outlook. The market is segmented on the basis of type, end-users/application, and geography
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Aramid Fiber Reinforcement Materials Market Was Valued At $2,680 Million In 2015, And Is Expected To Reach $4,813 Million By 2022, Growing At A CAGR Of 8.8% From 2016 To 2022. Aramid Fibers Are Synthetic Fibers Known For Their Exceptional Heat & Fire Resistance And Strength Properties.
These Fibers Are Used In Various Industrial Applications Ranging From Aerospace & Defense To Optical Fiber Cable System. General Characteristics Of Aramid Fibers Include Low Flammability, Non-Conductivity, And Resistance To Abrasion & Organic Solvents.
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Aramid Fibers Were First Developed By Du Pont In 1960s For Use In Commercial Applications, Under The Trade Name Nomex.
The Factors That Drive The Global Aramid Fiber Reinforcement Materials Market Are Upsurge In Security Concerns, Rise In Demand From Aerospace & Defense Industry, And Exceptional Properties Of Aramid Fiber Including Heat And Fire Resistance & Strength. However, High Investment Costs And Non-Biodegradable Nature Of Aramid Fiber Are Expected To Hinder The Market Growth During The Forecast Period.
Growth Opportunities Exist In The Market, Owing To The Expanding Applications In The Defense Sector And Advancements In Existing Technologies.
The Global Aramid Fiber Reinforcement Materials Market Is Segmented Based On The Type, End-Use Industry, And Geography. On The Basis Of Type Segment, The Aramid Fiber Market Is Categorized Into Para-Aramid Fibers, Meta-Aramid Fibers, And Others.
Based On End-Use Industry, The Market Is Segmented Into Aerospace & Defense, Automotive, Consumer Goods, Marine, And Others. Geographically, It Is Analyzed Across North America, Europe, Asia-Pacific, And LAMEA.
The Key Players Of Global Aramid Fiber Reinforcement Materials Market Have Adopted Product Launch And Innovation As Their Key Development Strategies To Enhance Their Product Portfolio And Strengthen Their Position In The Global Market. For Instance, In June 2016, Teijin Limited And Komatsu Seiren Launched A New Aramid Fiber To Be Used In High Visibility Protective Clothing.
Top Players Operating in the Aramid Fiber Reinforcement Materials Market Include:
- E. I. Du Pont De Nemours And Company
- Kolon Industries, Inc.
- Teijin Limited
- Honeywell International Inc.
- Hyosung Corporation
- Toray Industries, Inc.
- SRO Aramid (Jiangsu) Co., Ltd.
- Yantai Tayho Advanced Materials Co., Ltd.
- Huvis Corporation
- Ibiden Co., Ltd.
Check Full Report With TOC at www.researchbeam.com/aramid-fiber-…-materials-market
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