Pune, India -- (SBWIRE) -- 07/07/2016 -- The report "Aramid Fiber Market by Type (Para-aramid, Meta-aramid, and Others), and Application (Security & Protection, Frictional Materials, Optical Fiber, Tire Reinforcement, Rubber Reinforcement, Electrical Insulation, Aerospace, and Others) - Global Trends & Forecasts to 2021", The market size of aramid fiber is projected to reach USD 5.07 Billion by 2021, registering a CAGR of 8.9% during the forecast period. The increased concern for the safety of militants is driving the aramid fiber market. Additionally, the increased demand for optical fiber cables is increasing the demand for aramid fiber.

Browse 80 market data Tables and 43 Figures spread through 152 Pages and in-depth TOC on "Aramid Fiber Market - Global Trends & Forecasts to 2021"
http://www.marketsandmarkets.com/Market-Reports/aramid-fibers-market-112849061.html

Early buyers will receive 10% customization on this report.

"Security & Protection is the largest application segment of aramid fiber"

Security & protection application segment accounts for the largest share of the aramid fiber market due to the huge demand for protective clothing from the defense and industrial sectors. They are used in security application because of their properties such as high strength, resistance to abrasion, resistance to organic solvents, and fabric integrity at elevated temperatures. The market is largely driven by the stringent regulations in Europe and North America regarding employee health & safety. The demand for protective clothing in Europe is on the rise due to European regulations mandating adequate protection for industrial workers and military personnel, along with the increasing threats and tension of hostile forces.

"Meta-aramid fiber expected to witness the highest growth"

Meta-aramid fiber is expected to witness the fastest-growth during the forecast period period. This is because of its properties that make it suitable to be used in electrical insulation and security & protection applications. Meta-aramid fibers offer higher thermal and chemical resistance than para-aramid fibers and have dielectric properties, which make them a popular choice as a material for fire-resistant clothing as well as electrical insulation.

For more Info Speak to Our Analyst @ http://www.marketsandmarkets.com/speaktoanalyst.asp?id=112849061

"Europe is the key market for aramid fiber"

Europe dominated the global aramid fiber market in 2015. The demand for aramid fiber in the European region is mainly driven by the western European countries such as Germany, the U.K., and France. Stringent safety regulations within various industries such as oil & gas, construction, aluminum, and steel are fueling the demand for protective clothing, which in turn is driving the demand for aramid fiber in the region. Frictional materials are required for high-end automotive and other industrial sectors that also contribute to the growing aramid fiber market in the region. The rising concern for the safety of the workers is propelling the demand for protective clothing, which in turn drives the aramid fiber market. Asia-Pacific is estimated to be the fastest-growing market for aramid fiber, in terms of volume. This is because of the increased demand from the optical fiber segment. Moreover, the growing automotive industry is increasing the demand for aramid fiber in the region.

E.I. DuPont De Nemours & Co. (U.S.), Teijin Limited (Japan), and Yantai Tayho Advanced Materials Co. (China) are some of the major players in the global aramid fiber market profiled in this report.

Enquire Before Buying of this Report @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=112849061

This report covers the market, by value and volume, for aramid fiber and forecasts the market size until 2021. The report includes the market segmentation based on type, application industry, and region. It also provides company profiles and competitive strategies adopted by the major market players in the global aramid fiber market.

Browse Related Reports:

Ceramic Fiber Market by Type (Refractory, Low Bio-persistence, Polycrystalline), End-product (Blanket, Module, Bulk, Board, Paper), and End-use Industry (Petrochemical, Iron & Steel, Aluminum, Ceramics, Power Generation) - Global Trends & Forecasts to 2020
http://www.marketsandmarkets.com/Market-Reports/ceramic-fibers-384.html

Carbon Fiber (CF) and Carbon Fiber Reinforced Plastic (CFRP) Market by Raw Material & Tow Size, CFRP Market by Resin Type, by Manufacturing Process, by Application, and by Region - Trends and Forecasts to 2020
http://www.marketsandmarkets.com/Market-Reports/carbon-fiber-composites-market-416.html

About MarketsandMarkets
MarketsandMarkets is the world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Tel: 888-600-6441
Email: sales@marketsandmarkets.com
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/chemical
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
Visit MarketsandMarkets Website: http://www.marketsandmarkets.com