The global para aramid fiber market is projected to reach $3.2 billion by 2025, at a CAGR of 3.2% during 2020-2025. The growth of para aramid fiber market is driven by increasing usage of para aramid fiber in brake pads, clutches, gaskets, linings, and tires in automotive and the growing demand for protective clothing in defense and industrial sectors.
Some of the Key Questions answered in
this exclusive report are:
Q.1 What are some of the
most promising, high-growth in the para
aramid fiber market by application (frictional materials, protection,
electrical transmission, safety, rubber reinforcement, tire reinforcement, oil
and gas and others), product form (filament yarn, short fibers, pulp and
others), and region (North America, Europe, Asia Pacific and ROW) and why?
Q.2 Which segments will
grow at a faster pace and why?
Q.3 What are the
business risks and threats to the para aramid fiber market?
Q.4 What are some
changing demands of customers in the para aramid fiber market?
Q.5 What are the new
developments in the para aramid fiber market? Which companies are leading these
developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this para aramid fiber area and how big
of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A
activity has occurred in the last 5 years in this para aramid fiber market?
Emerging trends, which
have a direct impact on the dynamics of the industry, include development of
new para aramid fabric which protects structures from airborne volcanic
fragments, and growing adoption of video enabled drones.
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Market Segmentation:
Based on product type,
the para aramid fiber market is segmented into filament yarn, short fibers,
pulp. The filament yarn segment accounted for the largest share of the market
in 2020 and is expected to register the highest CAGR during the forecast
period, due to the increasing demand for protective clothing in the military
and stringent regulations in Europe and North America regarding employee health
and safety.
Europe will remain the
largest region and it is also expected to witness the highest growth over the
forecast period due to increasing automotive production, growth in aerospace
industry, and stringent government regulation on industrial safety and
protection.
Key Players in the para
aramid fiber market are Teijin Aramid, DowDuPont, Kolon Industries Inc.,Hyosung
Corporation ,Yantai Tayho Advanced Materials Co. Ltd.
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The report helps stakeholders understand the
pulse of the market and provides them with information on key drivers,
restraints, challenges, and opportunities for market growth. It would also help
to understand the competitors better and gain more insights to improve their
position in the business.
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https://www.lucintel.com/para-aramid-fiber-market.aspx
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon
Fitzgerald
Lucintel
Dallas,
Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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