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. ... Read more
The word aramid is the blend of words aromatic and polyamide. Aramid fiber is the strong and heat-resistant synthetic fiber used extensively in military and aerospace applications for ballistic composites and ballistic rated body armor fabric. Aramid fiber has good resistance to solvents, abrasion, has low flammability, it is sensitive to UV radiation, acids and salts, and offers excellent chemical and physical properties at high ... Read more
The global aramid fiber market is segmented into five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Asia Pacific is the largest region in the global aramid fiber market owing to the high growth pace of industrial and defense sectors. This drives the demand for protective clothing, thereby, propelling the aramid fiber market growth. The high production and exports of automotive in ... Read more
The Global Aramid Fiber Market is segmented into five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Asia Pacific is the largest region in the global aramid fiber market owing to the high growth pace of industrial and defense sectors. This drives the demand for protective clothing, thereby, propelling the aramid fiber market growth. The high production and exports of automotive in ... Read more
