Aramid Fiber Market poised to reach a valuation of US$ 6.4 Billion by 2032

-

 The global aramid fiber market is set to witness an impressive growth rate of 5.3% over the forecasted years of 2022 to 2032. The global aramid fiber market size is anticipated to reach a valuation of around US$ 6.4 Billion by the end of year 2032 from the current valuation of US$ 3.8 Billion in 2022.

  • The absolute growth of the global aramid fiber market in terms of dollars is estimated to be around US$ 3.4 Billion during the coming decade by following the average CAGR of 5.3%.
  • The para-aramid fiber group holds the major share of the global aramid fiber market by contributing for almost 75% of the sales achieved globally.
  • While the meta-aramid fiber group is expected to witness the highest growth rate owing to its better thermal resistance capacities.
  • In application categories, security & protection segment remains the dominant sector for the global aramid fiber market share.
  • On the other hand, recent developments in automobile industry have rendered the frication material application segments as a lucrative option for several global aramid fiber market players.
  • Traditionally, Europe retained the leading market for aramid fiber composited, that has overturned in recent years owing to the industrialization and gradual trade shift towards the Asia Pacific economies.
  • The Asia Pacific region is projected to grow at a pace of 6% CAGR, mainly driven by the China aramid fiber market.
  • The anticipated 25 percent improvement for TEIJIN LIMITED’s Twaron aramid fibers entered its next phase in November 2019. This key aramid fiber company’s operations is expected to benefit from the production boost, which is anticipated to happen by 2022 at both of its Dutch plants in Delfzijl and Emmen.
  • Teijin Ltd. achieved the development of high-performance para-aramid fibers using eco-friendly raw materials in 2020. Numerous products, such as vehicle tires, air transport vessels, and personal protective apparels, utilize these fibers.
  • Para-Aramid
  • Meta-Aramid
  • Security & Protection
  • Frictional Materials
  • Rubber Reinforcement
  • Optical Fibers
  • Tire Reinforcement
  • Electrical Insulation
  • Aerospace
  • Others
  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa
  1. Executive Summary
  1. Market Overview
  1. Market Background
  2. Global Aramid Fiber Market Analysis 2017–2021 and Forecast, 2022–2032
  3. Global Aramid Fiber Market Analysis 2017–2021 and Forecast 2022–2032, By Product

Comments

Post a Comment

Popular posts from this blog

Thionyl Chloride Market Size, Share, Revenue Demand & Growth by 2034

-
Heightening concerns related to water treatment are likely to further fuel its growth engine in the near term. According to the latest report by FMI, the global  thionyl chloride market  is expected to reach a valuation of US$ 829.9 million by 2034. The industry is expected to experience revenue growth at a moderate CAGR of 4.8% during the forecast period. Thionyl chloride is used in various end-use industries such as agrochemicals, pharmaceuticals, dyes & pigments, and organic synthesis. The rising adoption of pesticides in developing countries and developments in the pharmaceutical industry are expected to drive the growth of the thionyl chloride market over the forecast period. However, a majority of end users of thionyl chloride are facing a massive slowdown due to the coronavirus (COVID-19) pandemic. This is substantially widening the supply-demand gap, and, as such, straining the revenue pool of the thionyl chloride market. Further, China – the epicenter of the pandemic – is
Read more

Cetrimonium Bromide Market Size, Share, Demand, Growth & Trends by 2033

-
  Cetrimonium Bromide (CTAB) is a versatile quaternary ammonium compound commonly used in hair care products and cosmetics. As a cationic surfactant, it reduces surface tension and functions as a conditioning agent, providing antistatic and detangling properties to hair. Beyond its cosmetic applications, CTAB finds use in pharmaceutical formulations as an antiseptic agent, exhibiting strong antimicrobial activity. It is also employed in industrial processes and research laboratories, making it a multi-functional ingredient with broad-reaching applications. The report is intended to present an unbiased analysis. It therefore offers incisive coverage on key market dynamics, including drivers, restraints, opportunities, and challenges. It also offers detailed information on Cetrimonium Bromide market structure. FMI’s in-house team for chemicals & materials sector gives valuable insights, validated with latest data. The report also gives access to extensive database that tracks exist
Read more

Calcium Ammonium Nitrate Market Size, Share, Growth, Demand & Trends by 2032

-
  Calcium Ammonium Nitrate (CAN) is a nitrogen-based fertilizer with a balanced nutrient composition, containing both ammonium and nitrate forms of nitrogen. It's highly soluble and provides essential nutrients to plants for optimal growth. CAN is widely used in agriculture for its convenience in application and its positive impact on crop yield and quality. As per the recent research conducted by a leading market insights provider FMI, the global Calcium Ammonium Nitrate market will expand at a healthy CAGR over the forecast period between 2023 and 2032. The aim of this study is to analyze key market dynamics affecting the sales of Calcium Ammonium Nitrate and provide vital insights to business owners to get benefited from forthcoming opportunities. The report conducts an in-depth analysis into factors affecting the change in consumer behavior and purchasing patterns. It highlights the key growth prospects for the demand and sales across seven major regions. It also provides r
Read more