Global Aramid Fibre Market is projected to reach USD 5.19 Billion by 2023 at a CAGR of over 9% owing to the growing defence spending by governments globally. Moreover, the increasing preference of Aramid Fibres over others due to their superior properties coupled with the rising use as automotive composites will drive the market during the forecast period. Based on the type, the para-aramid segment leads the market and is expected to maintain its position during the forecast period, owing to widespread use due to ultra-high strength as a result of highly oriented and rigid molecular structure. Based on the application, the optical fibre segment is projected to lead the market for the next five years, due to the rising need of a strong and durable optical fibre cable for internet and telecommunication sector. Europe & CIS leads the Aramid Fibre market, due to the rising demand of security and protection in countries like United States and Canada.
Years considered for this report
Historical Years2013-2016
Base Year2024-2032
Estimated Year2018
Forecast Period2018–2023
Objective of the Study
- To analyse and forecast the market size of Global Aramid Fibre Market, in terms of value and volume.
- To classify and forecast Global Aramid Fibre based on Type, application and regional distribution.
- To identify drivers and challenges for Global Aramid Fibre Market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Global Aramid Fibre Market.
- To conduct the pricing analysis for Global Aramid Fibre Market.
- To identify and analyse the profile of leading manufacturers involved in the Global Aramid Fibre Market.
Some of the leading players in the Global Aramid Fibre Market are E. I. Dupont Nemours & Co, Teijin Ltd, Yantai Tayho Advanced Materials Co, Toray Chemicals South Korea Inc, Hyosung Corp, Kolon Industries Inc, Huvis Corp, Kermel, China National Bluestar (Group) Co. Ltd, SRO Aramid (Jiangzu) Co. Ltd etc.
Market insights research performed both primary as well as exhaustive secondary research for this study. Initially, Market insights research sourced a list of
Market insights research calculated the market size of Global Aramid Fibre Market using a bottom-up approach, where value data for power line were recorded and forecast for the future years. Market insights research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also used by Market insights research.
Key Target Audience
- Aramid Fibre Manufacturers.
- Dealers and Suppliers
- Traders and Distributors
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- Research organizations and consulting companies.
- Government Institutions.
- Market research and consulting firms.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, vendors, partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
