The global aramid fiber market was valued at US$ 2,598.2 Mn in 2014 and is projected to reach US$ 5,099.1 Mn by 2023, expanding at a CAGR of 7.8% from 2015 to 2023.
Albany, NY -- (SBWIRE) -- 01/05/2016 -- This report analyzes and forecasts the market for aramid fiber at the global and regional level. The market has been forecast based on volume (Tons) and revenue (US$ Mn) from 2015 to 2023. The study includes drivers and restraints of the global aramid fiber market. It also covers the impact of these drivers and restraints on demand for aramid fiber during the forecast period. The report also highlights the opportunities in the aramid fiber market at the global and regional level.
The report includes a detailed value chain analysis, which provides a comprehensive view of the global aramid fiber market. Porter's Five Forces model for the aramid fiber market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein end-users are benchmarked based on their market size, growth rate, and general attractiveness.
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The study provides a decisive view of the global aramid fiber market by segmenting it in terms of products and end-users. These segments have been analyzed based on present and future trends. Regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The report also covers demand for individual products and end-user segments in all the regions.
The study includes profiles of major companies operating in the global aramid fiber market. Key players profiled in the report include E. I. du Pont de Nemours and Company, Teijin Aramid, Kolon Industries Inc., HYOSUNG Corporation, Yantai Tayho Advanced Materials Co. Ltd. Kermel, Alchemie Group, SRO Group (China) Ltd., China National Bluestar (Group) Co. Ltd., and Guangdong Charming Co., Ltd. Market players are profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments.
The report provides the market size of aramid fiber for 2014 and forecast for the next eight years. The global market size of aramid fiber is provided in terms of both volume as well as revenue. Market volume is defined in tons, while market revenue is in US$ Mn. Market numbers are estimated based on key product segments and end-user segments of aramid fiber. Market size and forecast for each major product and end-user is provided in terms of global and regional markets.
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In order to compile the research report, we conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players' product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants' insights and recognizing business opportunities.
Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, SEC filings, Plastemart magazine, TPE magazine, internal and external proprietary databases, and relevant patent and regulatory databases such as ICIS, Hoovers, oneSOURCE, Factiva, and Bloomberg, national government documents, statistical databases, trade journals, market reports, news articles, press releases, and webcasts specific to companies operating in the market.
Primary research involves e-mail interactions, telephonic interviews, and face-to-face interviews for each market, category, segment, and sub-segment across geographies. We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate the data and analysis. Primary interviews provide firsthand information on market size, market trends, growth trends, competitive landscape, and outlook, etc. These help validate and strengthen the secondary research findings. These also help develop the analysis team's expertise and market understanding.
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