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Global Aramid Fiber Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from various industry experts. The report includes a comprehensive discussion on the market, an extensive coverage on various applications, geography, and type of aramid fibers. The report provides comments on both the existing market landscape and the growth prospects in the coming years. The report further includes a discussion of the key vendors operating in this market and uses Porter’s generic strategies to explain the competitive nature of various vendors in the market.

The report segments the global aramidfiber market as follows:

Aramid Fiber Market: ProductAnalysis

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.

Some of the other key-features of the Global Aramid Fiber Market 2015-2019 report are:
8 Aramid Fiber Market, By Application

Global Aramid Fiber Market 2015-2019

The aramid fiber market is projected to register a CAGR of 8.7% between 2014 and 2019 to reach $3,067 million. The security & protection application, that uses aramid fiber, is witnessing a CAGR of 8.3% and constitutes a significant part of the overall aramid fiber market. However, the optical fiber application is projected to register a high CAGR of 10.4% by 2019. Companies profiled in this aramid fiber market report include E. I. Du Pont Nemours & Co., Teijin Limited, Yantai Tayho Advanced Materials Co., Toray Chemical Korea Inc., Hyosung Corporation, Kolon Industries Inc., Huvis Corporation, Kermel, China National Bluestar (Group) Co. LTD. and SRO Aramid (Jiangzu) Co. LTD. Order a copy of this report at .

Aramid Fiber Market: End-user Analysis

Aramid Fiber Market: Regional Analysis

The aramid fiber market is estimated to grow on account of the increasing need for proper security & protection measures, demand for lighter vehicles to boost fuel efficiency, and need to replace materials, such as steel and asbestos, and advancement in technology which creates the need for advanced materials such as aramid fibers, carbon fibers, and UHMWPE. High production and treatment costs, aramid fiber processing & cutting difficulties, non-biodegradable nature, and high investment and R&D costs are expected to be the restraining factors for the market. Region-wise, Europe is leading the aramid fiber market. Growth in Europe and North America is led by the rising demand for security & protection applications due to increased safety concerns and mandatory regulations in the region. Asia-Pacific is estimated to have the highest growth in the market due to the region's favorable prospects; several companies are expanding in Asian countries to benefit from the low-cost structures and growing local demand for aramid fibers in various industries, such as automotive, military, electronics, construction, and telecommunication, among others. Para-aramid fiber had the largest market size in 2013 and will continue to dominate till 2019 on account of the demand from security & protection, optical fiber, frictional material, and aerospace applications. Meta-aramid fibers are projected to have the highest CAGR of 9.7% between 2014 and 2019.

Aramid Fiber Market, By Application, 2013

Aramid Fiber Market, By Region, 2013

Europe dominated the market followed by North America majorly due to the demand for security & protection application in these regions. Asia-Pacific and Latin America are projected to witness high growth rates in terms of volume during the forecast period (2014–2019). The market in Europe and North America is consolidated, whereas the aramid fiber market in Asia-Pacific has a fragmented structure, where China and Republic of Korea have many small and upcoming aramid fiber manufacturers. The competition level in the market is expected to increase with the capacity expansions of the small players. The players in the market have been focusing on the development of new product variants to offer higher quality and performance to their consumers. Emerging regions will be targeted by all players in the industry in order to consolidate their position in the aramid fiber market.