Industry Forecast

Aramid Fibre Reinforcement Materials Market by Application, Product Growth over 2017-2024

Press Release   •   Aug 28, 2017 08:56 EDT

The global Aramid Fibre Reinforcement Materials Market share report provides numbers for applications and regional segments of the industry covering historical as well as forecast data for decision makers.

Global Aramid Fibre Reinforcement Materials Market size is expected to witness considerable growth, owing to superior heat resistance properties. These materials can withstand temperature of more than 500° C and its strength is five times as that of steel (at equal weights).

They are consumed widely as protective clothing for defence, aerospace and industrial sector owing to their light weight and less energy required for their production compared to steel.

Initially, asbestos was used in the preparation of the body armour, bulletproof vests and helmets but due to its non-environment friendly nature, product is replacing it gradually. These factors are anticipated to propel aramid fibre reinforcement materials market size over the forecast period.

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1. Aramid Fibre Reinforcement Materials Market size & share forecast by product & application 2017-2024

2. Growth drivers, pitfalls & industry challenges

3. Key Aramid Fibre Reinforcement Materials Market growth opportunities & emerging business models

4. Competitive benchmarking with market share analysis and company profiles

The differentiating factor of Aramid Fibre Reinforcement Materials Market report by Global Market Insights, Inc. when compared with other, similar syndicated research studies includes a 360-degree synopsis of trends for a period of more than 10 years including historic information as well as future outlook.

The product is also used for Kevlar production, that require high impact strength. Extensive application scope such as formulation of hulls for marine industry, heat shields in automobile industry and insulation in electrical industry. Further, increasing R&D activities in the industry to comply with the government regulations is expected to boost aramid fibre reinforcement materials market over the forecast period.

These materials are synthetic in nature which are formulated by the reaction of amine and carboxylic acid, and then turned into crystallized form using concentrated sulphuric acid. The strength and the rigidity of the product can be defined as per the end use by varying its grades. Additionally, production of these materials is faster and easier as compared to steel.

High product cost and non-biodegradable nature are the major factors that may restrain industry growth over the forecast period. Research has proved that they are harmful for humans owing to carcinogenic problems associated by its usage but still they are less harmful than asbestos as they get disposed of from the body rapidly.

Aramid fibre reinforcement materials market based on end use industries is segmented as, aerospace, defence, consumer goods, automotive, marine and others. Aerospace and defence industries have significant share in the market owing to wide ranging application.

Increasing demand of the product for protective clothing and bulletproof vests owing to high resistant to abrasion & organic solvents, light weight, high strength and fabric integrity at elevated temperature. In addition, rising application of these resources in IT industry for electrical insulation and optical resources will propel aramid fibre reinforcement materials market size.

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North America market dominated by the U.S. is expected to hold a considerable share in the global aramid fibre reinforcement materials market owing to its rising demand for end use in protective clothing and automobiles.

Europe has decent share in overall industry with France, U.K. and Germany being major contributors. The stringent government regulations regarding the safety and health of the workers in oil & gas, construction and steel industries has boosted aramid fibre reinforcement materials market.

Asia Pacific has witnessed significant growth both in terms of value and volume. The growth in the automobile, IT and infrastructure industries in China, Korea and Japan has fuelled the product market with its application in optics and manufacturing car bodies.

The aramid fibre reinforcement materials market is consolidated with key players namely, E.I. DuPont De Nemours, Teijin, Hyosung, Yantai Tayho, Kolon Industries, SRO Aramid. Other major players are BASF, , Kernel, Guangdong Charming, Suzhou Zhaoda, Kermel Toray Chemicals, Honeywell International, Ibiden and Huvis, Polymer Technologies, Tango Engineering and Lydall Performance. Teijin is the industry leader and to increase its share, it has increased the capacity of both plants in Japan and Netherlands.

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