PUBLISHER: Lucintel | PRODUCT CODE: 1153974
PUBLISHER: Lucintel | PRODUCT CODE: 1153974
Para Aramid Fiber Market Trends and Forecast
The future of the para aramid fiber market looks promising with opportunities in the frictional materials, protection, electrical transmission, safety garments, rubber reinforcement, tire reinforcement, and oil and gas industries. The global para aramid fiber market is expected to reach an estimated $4.7 billion by 2027 with a CAGR of 6.9% from 2021 to 2027. The major drivers for this market are increasing usage of para aramid fiber in brake pads, clutches, gaskets, linings, and tires in automotive and the growing demand for protective clothing in defense and industrial sectors.
Emerging Trends in the Para Aramid Fiber Market
Emerging trends, which have a direct impact on the dynamics of the industry, include development of new para aramid fabric which protects structures from airborne volcanic fragments.
A total of 115 figures / charts and 112 tables are provided in this 200-page report to help in your business decisions. Learn the scope of benefits, companies researched, and other details of the para aramid fiber market report.
Para Aramid Fiber Market by Segment
By Application [Value ($B) and Volume (M lbs) shipment analysis for 2016 - 2027]:
By Product Form [Value ($B) and Volume (M lbs) shipment analysis for 2016 - 2027]:
By Region [Value ($B) and Volume (M lbs) shipment analysis for 2016 - 2027]:
List of Para Aramid Fiber Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies para aramid fiber companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the para aramid fiber companies profiled in this report includes.
Para Aramid Fiber Market Insight
Features of Para Aramid Fiber Market
FAQ
Q1. What is the para aramid fiber market size?
Answer: The global para aramid fiber market is expected to reach an estimated $4.7 billion by 2027.
Q2. What is the growth forecast for para aramid fiber market?
Answer: The para aramid fiber market is expected to grow at a CAGR of 6.9% from 2021 to 2027.
Q3. What are the major drivers influencing the growth of the para aramid fiber market?
Answer: The major drivers for this market are 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.
Q4. What are the major applications or end use industries for para aramid fiber?
Answer: Frictional materials, protection, electrical transmission, safety garments, rubber reinforcement, tire reinforcement, and oil and gas industries.
Q5. What are the emerging trends in para aramid fiber market?
Answer: 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.
Q6. Who are the key para aramid fiber companies?
Answer: Some of the key para aramid fiber companies are as follows:
Q7. Which para aramid fiber product segment will be the largest in future?
Answer: Lucintel forecasts that filament yarn para aramid fiber will remain the largest segment over the forecast period due to increasing demand for protective clothing in the military and stringent regulations in Europe and North America regarding employee health and safety.
Q8 : In para aramid fiber market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to remain the largest region over next 5 years
Q9. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.