Los Angeles, CA -- (SBWIRE) -- 04/16/2019 -- Aramid Fiber is man-made high-performance fiber, with molecules that are characterized by relatively rigid polymer chains. These molecules are linked by strong hydrogen bonds that transfer mechanical stress very efficiently, making it possible to use chains of relatively low molecular weight. Aramid fibers are a class of heat-resistant and strong synthetic fibers. They are used in aerospace and military applications, for ballistic-rated body armor fabric and ballistic composites, in bicycle tires, and as an asbestos substitute. The name is a portmanteau of "aromatic polyamide". They are fibers in which the chain molecules are highly oriented along the fiber axis, so the strength of the chemical bond can be exploited.
As international economic situation is complicated, China's economy is developing rapidly. Global Aramid market demand will maintain steady growth. The global capacity distribution is mainly focused on the area of USA with the share of 34.64% (2016), Europe with 35.42%, and China with11.04%.
The Aramid industry has great development prospects and will remain a steady growth rate in the following few years, but in a decreasing speed. For the past five years 2012-2016, the global compound growth rate is 4.19%. We are still optimistic about the Aramid market. Aramid market is in a developing stage, no matter in developed countries or in developing countries.
The Aramid industry consumption distribution is mainly focused on USA with 32.11% (2016), Europe with 32.93% and China with 16.69%.
The global Aramid (Aramid Fiber) market was 4200 million US$ in 2018 and is expected to 4790 million US$ by the end of 2025, growing at a CAGR of 1.7% between 2019 and 2025.
This report studies the Aramid (Aramid Fiber) market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Aramid (Aramid Fiber) in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
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The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
Sinopec Yizheng Chemical Fibre
Hebei Silicon Valley Chemical
Zhaoda Specially Fiber
By the product type, the market is primarily split into
By the end users/application, this report covers the following segments
Body Armor & Helmet
High Strength Rope
Key Regions split in this report:
Central & South America
Middle East & Africa
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