Transparency Market Research

Aramid Fiber Market Analysis, Size, Share, Trends and Forecast 2019

Transparency Market Research Report Added "Aramid Fiber Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019" to its database.

 
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Albany, NY -- (SBWIRE) -- 07/03/2014 -- Aramid fibers are high performance synthetic fibers with rigid polymer chains. The fibers were discovered at E. I. du Pont de Nemours and Company under the trade name Kevlar. aramid fibers are manufactured by condensation reaction of terephthaloyl chloride and paraphenylene diamine. Aromatic ring structures of aramid fibers lead to high thermal stability and rigid molecule structure lead to high tensile strength for aramid fibers. Para aramid fibers belong to the class of liquid crystalline polymers. Aramid fibers have high tensile strength, abrasion resistance, low flammability and have high resistant to organic solvents.

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Aramid fibers are available in several forms such as roving, continuous filament yarns, spun yarns, pulp and woven fabrics. Aramid fibers are employed as reinforcement for tires and plastics, cables, ropes, and as a substitute for asbestos. Aramid fibers are also used in the production of bullet proof vests and fireproof clothing. The end user industries for aramid fiber include homeland security, defense, infrastructure and automobiles among others. Safety applications such as fireproof clothing and bullet proof vests among others dominate the global demand for aramid fibers and the trend is anticipated to continue during the forecast period. Moreover high strength and friction resistance of aramid fibers have led to surge in demand for aramid for infrastructure applications such as bridges. Infrastructure is anticipated to be the fastest growing application for aramid fibers.

Aramid fibers are used as a substitute for steel in the construction industry.

Aramid fibers have high tensile strength and are inert to organic solvents owing to which they increase the durability of structures. Moreover light weight of aramid fiber lead to easy transportation and application of these fibers in the infrastructure industry. Therefore, growth in infrastructure activities is anticipated to be a major actor fuelling growth for aramid fiber market. Increasing investment in defense and homeland securities by nearly all major economies across the globe has been a major driver for the demand of aramid fibers and is also expected to drive demand for aramid fibers during the forecast period.

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The ultraviolet rays cause degradation of aramid fiber owing to which a coating has to be applied over aramid fibers leading to increase in the production cost which has been a major restraint for aramid fiber market growth. Increasing demand for light weight vehicles is anticipated to offer huge growth opportunity for aramid fiber market during the forecast period.

Asia Pacific dominates the global demand for aramid fiber and the trend is anticipated to continue during the forecast period. Demand for aramid fiber in Asia Pacific is primarily driven by increasing industrial investment and high GDP growth in the emerging economies of India and China leading to growth in several end user industries such as infrastructure, automotive among several others. North America is the second largest market for aramid fibers. Demand for aramid fiber in North America and Europe is anticipated to grow at a sluggish rate owing to market saturation in several end user industries. Increasing demand for fuel efficient light weight vehicles is expected to drive demand for aramid fiber in North America and Europe.

Aramid fiber market is concentrated and is dominated by few global companies including Teijin and E. I. du Pont de Nemours and Company. Some of the other major players in the market are Fibermax Composites and Kolon Industries among others.

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