Aramid Fiber Market Demand Stimulated by Automotive and Protective Clothing Industries; Market to Hit Us$ 5,099.1 Million by 2023.Pdf

Transparency Market

Research

Aramid Fiber Market- Global Industry

Analysis and Forecast 2015-2023

Published Date

28-May-2015

157 Page Report

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Press Release

Aramid Fiber Market Demand Stimulated by Automotive and Protective Clothing

Industries; Market to Hit US$ 5,099.1 million by 2023:TMR

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Aramid Fiber Market

REPORT DESCRIPTION

Aramid Fiber Market (Para-aramid Fiber and Meta-aramid Fiber)

Aerospace & Defense, Automotive, Electrical, Electronics &

Telecommunication, and Other End-users - Global Industry Analysis,

Size, Share, Growth, Trends and Forecast 2015 - 2023

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 product type, en-users, and geographic

regions. Segmented thus, the aramid fiber market by products is classed into meta-aramid fiber and paraaramid fiber. The para-aramid fiber segment led the global aramid fiber market as it witnesses massive

demand from...