Market Research Reports

Aramid fiber is a fiber with a long chain of synthetic polyamide. Aramid polymer is prepared by a reaction between carboxylic acid halide group and amine group. Aramid fiber is produced by spinning the dissolved aramid polymer to a solid fiber from a liquid chemical blend. Depending on their components, aramid fibers have been divided into para-aramid fiber and meta-aramid fiber. As plastic composite materials, para-aramid fibers are used in body, floor, and wall materials of airplanes, fishing rod, golf club, bow, ski, etc. Additionally, these fibers are used as a substitute of reinforced concrete for curtain walls for multistoried building. Meta-aramid fibers are used in clothing for fire-fighters, filter cloth for high-temperature, uniforms for high-temperature workings, car racing suits, heat insulating materials, etc. Aramid fiber is employed in end-user industries such as aerospace & defense, automotive, electrical, electronics & communication, construction, and spo...

Buoyed by growth in the automotive industry and an uptick in the demand for protective clothing, the  global aramid fiber market  is expected to report a high single-digit CAGR between 2015 and 2023, says a latest report by Transparency Market Research.  The report, titled ‘ Aramid Fiber Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023 ’ says that the valuation of the market was US$ 2,598.2 million as of 2014 and will rise to US$ 5,099.1 million by 2023. This translates to a 7.8% CAGR from 2015 to 2023 for the global aramid fiber market.This synthetic polymer, which is obtained via a reaction between the amine group and arboxylic acid halide group, is widely applied in industrial products and operations. Automotive components, electrical components, protective clothing, and body armor are just a few examples of the applications of aramid fiber.  The report segments the global aramid fiber market on the basis of p...