The report segments the global aramidfiber market as follows:
Aramid Fiber Market: End-userAnalysis
Security & protection took the topmost position in the aramid fiber market with around 39% market share by value in 2013. The increasing war-like situations around the world are expected to sustain the demand for security & protection application of aramid fibers in the coming years. The fastest growth rate till 2019 in the aramid fiber market is projected to come from applications, such as optical fiber and aerospace. Aramid fiber is used for optical fiber reinforcement by covering the optical fiber and protecting it from the external environment, such as extreme temperatures, animal attacks, salt water, and from cuts or cracks. Aramid fiber is also used in the aerospace industry in aviation structures, fuselages, aircraft interiors for reducing weight, and for ballistic protection. The demand for aramid fiber for such applications is on the rise and is expected to drive the growth for the aramid fiber market.
Aramid Fiber Market: RegionalAnalysis
Para-aramid fiber had the largest market share in terms of volume in 2013. Demand for security & protection application will continue to drive the growth for this segment. Meta-aramid fiber segment on the other hand is projected to have higher growth on account of the demand from firefighting, heavy electronic equipment, automotive, marine, and aerospace sector among others. The increasing focus on meta-aramid fiber production by the market players and the development of meta-aramid variants are also expected to be the driving factors for meta-aramid fiber market.