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This report published by Industry Experts in July 2014 about the aramid fibers market, looks at the current applications and global demand for aramid fibers. This 418 page market report features global and regional data, includes profiles of the biggest players in the industry and provides forecasts until 2020.
Aramid fiber is made of aromatic polyamides and has been a key material for a diverse range of applications due to its high strength, impact resistance, low density, good chemical resistance, high heat resistance and abrasion resistance. It is used in safety and protection, electrical insulation, filtration, frictional materials, optical fiber cables as well as rubber and tire reinforcements. The global demand bottomed out in 2009 due to the recession, but bounced back to record levels in 2011. It is expected to continue increasing at a compound annual growth rate of 7% from 2014-2020. This reflects the global market need for materials that can perform in those areas. It is estimated that the global market demand for aramid fibers was 74 thousand metric tons in 2014 and it is projected to be 110 thousand metric tons by 2020, with a value of $4.7 billion.
The largest use for aramid fibers, with a 30% market share is safety and protection. This use is expected to be outgrown by optical fiber cables which will have a CAGR of 8.4% from 2014-2020. This study analyzed both para-aramid and meta-aramid fibers. Para-aramid fibers tend to be used in safety and protection, frictional materials, optical fiber cables, tire reinforcements and rubber reinforcements; while meta-aramid fibers tend to be used for electrical insulation, safety and protection, filtration and rubber reinforcements.
This report analyzes, reviews and projects the regional and global market shares for aramid fibers. It covers North America, Europe, Asia-Pacific and the Rest of the World. The regional markets analyzed include the USA, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, the United Kingdom, China, Japan, India and South Korea.
The report features 311 charts with a simple to read graphical presentation of the figures. The tables present the data for global market volume in metric tons and the value in USD. The study features 12 of the global major players, as well as one key player from North America, six from Europe and fourteen from the Asia-Pacific Region. It gives an overview of their market share for each type of fiber and shows off their production capacities. It also includes the expansion plans and capacity increases for the future in the global aramid fiber industry. The report also features the addresses, website addresses and contact numbers of the companies that were studied.
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