Aramid Fiber Market To Gain Form Enhanced Demand For Protective Clothing From Various Sectors Such As Industrial And Defense Till 2024: Grand View Research, Inc.

According to the new report published by Grand View research, the global Aramid Fiber Market is projected to register a size of USD 6.51 billion by 2024,demand for aramid fiber was 78.22 kilo tones in 2015. High strength, resistance to abrasion & organic solvents and low flammability makes it a viable option across a wide array of applications including textiles, aviation, automotive and electronic applications


San Francisco, June 22, 2016 (GLOBE NEWSWIRE) -- The global aramid fiber market is projected to register a size of USD 6.51 billion by 2024, according to a new report by Grand View Research, Inc. The market will be driven by increasing demand for protective clothing from various sectors such as industrial and defense. The growth of these end-user industries is projected to propel market expansion further over the forecast period.


Browse to access In-depth research report on Global Aramid Fiber Market with detailed charts and figures: http://www.grandviewresearch.com/industry-analysis/aramid-fiber-market


Aramid fibers were extensively used for manufacturing frictional materials which accounted for 25.8% of the global revenue share in 2015. It is used for producing a broad range of materials including pig iron, steel, clutches, automotive brakes, shoes, fabricated discs with a superior braking power to reduce judder, noise, vibration and fading. 


Request for free sample of this research report: http://www.grandviewresearch.com/industry-analysis/aramid-fiber-market/request


Further key findings from the report suggest:

  • The global demand for aramid fiber was 78.22 kilo tones in 2015. High strength, resistance to abrasion & organic solvents and low flammability makes it a viable option across a wide array of applications including textiles, aviation, automotive and electronic applications. Rising demand for textiles and vehicles is expected to drive market growth over the forecast period.
  • Growing requirement for protective clothing from defense & industrial sectors for security & protection will result in high growth over the forecast period. Furthermore, stringent regulations implemented by the U.S. OSHA regarding the safety of workers are fueling consumption of protective clothing.
  • Para-aramid fiber market was estimated as the largest market in 2015 accounting for 66.2% of the volume share, owing to its high strength and insulation property which makes it an essential material for use in electronics, automotive and aviation applications
  • Europe accounted for 34.7% of the volume share in 2015 and is projected to experience significant growth owing to the increasing penetration of the product in various industries such as aerospace, security and protection and electrical insulation in several countries including Germany, France and UK. The growth of the automotive sector will further influence demand for the product over the next eight years. Moreover, the presence of a stringent regulatory framework for the protection of workers is expected to propel the demand for protective clothing, thereby, driving demand for aramid fibers. 
  • Key industry players include HYOSUNG Corporation, E. I. du Pont de Nemours and Company, Teijin Aramid, Ibiden Co., Ltd., Toray Chemical Korea Inc., Yantai Tayho Advanced Materials Co. Ltd. and Huvis Corporation. These companies have a strong emphasis on R&D activities to introduce new products and strengthen their aramid fiber product portfolio.


Browse related reports by Grand View Research:


Grand View Research has segmented the global aramid fiber market on the basis of product, and end-use:

Product Outlook (Volume, Tons; Revenue, USD Million; 2013 - 2024)

  • Para-aramid
  • Meta-aramid
  • Others

End-use Outlook (Volume, Tons; Revenue, USD Million; 2013 - 2024)

  • Optical Fiber
  • Rubber Reinforcement
  • Friction Materials
  • Aerospace
  • Security and Protection
  • Tire Reinforcement
  • Electrical Insulation
  • Others

Regional Outlook (Volume, Tons; Revenue, USD Million; 2013 - 2024)

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Italy
    • UK
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Latin America
    • Brazil
  • MEA


Access press release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-aramid-fiber-market


About Grand View Research 

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.


Contact:

Sherry James 

Corporate Sales Specialist, USA 

Grand View Research, Inc 

Phone: 1-415-349-0058 

Toll Free: 1-888-202-9519 

email: sales@grandviewresearch.com 

Web: www.grandviewresearch.com