Reports and Data has recently published a research report on global Aramid Fibers market to offer details about recent and emerging market insights to give a comprehensive overview to the users and investors. The report offers details about market size, revenue growth, restraints, growth opportunities and challenges. It also sheds light on players in the global Aramid Fibers market with details about global position, license agreement, business expansion plans, financial status, revenue contribution, and overall company profiling of each player. The global Aramid Fibers market is extremely competitive and consists of various global and regional players. Major players are involved in strategizing various plans such as mergers and acquisitions, partnerships, introduction of new and enhanced products, along with joint ventures.
The global aramid fibers market is expected to reach USD 6.8 Billion by 2027, according to a new report by Reports and Data. this can be mainly associated with enhanced demand for lightweight materials in security & protection applications in various industry globally.
According to RND, the global Aramid Fibers market revenue is expected to expand at a XX% CAGR and reach USD XX billion between 2021 and 2028. Key factors driving global market revenue growth are rapid growth in the materials and chemical industry, increasing usage of perfumes, soaps and wide range of raw materials across various sectors such as healthcare and pharmaceutical, food and beverage, agriculture and paper. Based on type, the type 1 segment is expected to register highest revenue growth during the forecast period owing to rising awareness about green energy, and increasing adoption of eco-friendly and biodegradable products.
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DowDuPont, Toray Industries Inc., Hyosung Corp. , Kolon Industries Inc., China National Bluestar (Group) Co. Ltd., Huvis Corp., Yantai Tayho Advanced Material Co., Teijin Ltd., Kermel, Taekwang Industrial Co., Ltd.
Asia Pacific is expected to register fastest revenue CAGR between 2021 and 2028. Rapid revenue growth is attributed to factors such as increasing investments in research and development activities, rapidly growing industrial sector and building and construction sector and high demand for raw material across various sectors.
Market segment analysis:
Technology Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2017-2027)
- Wet spinning
- Dry spinning
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Product Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2017-2027)
- Para-aramid Fiber
- Meta-aramid Fiber
Application Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2017-2027)
- security and protection
- Optical fibers
Property Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2017-2027)
- High tensile strength
- High melting point
- Non conductive
Regional analysis provides insights into key trends and demands in each major country that can affect market growth in the region.
- North America (U.S., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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- Which key factors expected to boost global Aramid Fibers market growth during the forecast period?
- Which factors are expected to hamper the growth of global Aramid Fibers market throughout the forecast period?
- Which application segment revenue is expected to register rapid CAGR between 2021 and 2028?
- Which regional segment is expected to register fastest revenue CAGR throughout the forecast period?
- Which are the leading companies operating in the global Aramid Fibers market?
- What is the scope of growth of product companies in the global Aramid Fibers market?
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