Aramid Fiber Market Report by Technology, Industry Share and Size Expansion to 2027 | Fortune Business Insights™
Aramid
Fiber Market will exhibit a CAGR of 7.0% during the forecast period, 2019-2026,
and USD 7.28 billion by 2026, and the Market value as per 2018 was USD
4.25 billion.
Fortune
Business Insights™ in a new report, titled, “Aramid Fiber Market
Size, Share & Industry Analysis, By Type (Para, Meta, and Others),
By Application (Security & Protection, Frictional Materials, Rubber
reinforcement, Optical fiber, Tire reinforcement, Electrical insulation,
Aerospace, and Others), and Regional Forecast, 2019-2026.”
Aramid Fiber Market Drivers and Restraint:
Growing Demand from Safety & Protection Industry Is Likely to
Drive the Aramid Fiber Market
A
large quantity of aramid fiber is used in safety & protection applications
such as military, private security, municipal law enforcement, and private
contractors involved in government works. The regulations regarding the health
and safety of employees are very stringent in North America and European countries,
and thus driving the market for aramid fiber. Also, not only military personals
are getting safer by using the aramid fiber, but also the demand for protective
clothing is increasing due to the demand from industrial organizations. The
aramid fiber is used to make stab-proof, fire-proof, and cut-proof protective
clothing such as coveralls, gloves, footwear, and helmets.
Furthermore,
the technological advancements in reducing the load for solider and also
improvisation in personal protection is estimated to drive the demand for soft
and lightweight armour over the coming years which is expected to drive the
market for aramid fiber.
List of Key Players Covered in the Aramid Fiber Market Report:
- Teijin Limited
- Kolon
Industries Inc.
- Yantai Tayho
Advanced Materials Co., Ltd.
- X-FIPER New
Material Co., Ltd.
- HUVIS
CORPORATION
- Hyosung
Corporation
- China National
Bluestar (Group) Co, Ltd.
- Toyobo Co.,
Ltd.
- Aramid Hpm,
LLC.
- Other Key
Players
To gain more insights into the market with a detailed table of
content and figures, Click Here: https://www.fortunebusinessinsights.com/aramid-fiber-market-102183
Some of the key industry developments in the Aramid
Fiber Market Include:
November 2019- Teijin Aramid B.V., based
in the Netherlands announced o increase its production capacity. targeting more
than 25% capacity increase in five years, this expansion will be done to keep
up with growing market demand. The capacity increase will be used as an
opportunity to invest in new technologies which reduce CO2 emissions and the
capacity increase will take place in the two factories in the Netherlands,
Delfzijl, and Emmen.
September 2018- Snow Peak, an innovator of
outdoor apparel and gear and Teijin Limited announced that they have developed
a new material fabric for outdoor apparel, by utilizing Teijin's dye able and
flame-retardant meta-aramid fiber, Teijinconex neo. This new fabric will be
used for a new product for Takibi series, for Snow Peak's high-performance
outdoor clothing.
Comments
Post a Comment