Aramid Fiber Reinforcement Materials Market Analysis and Industry Forecast, 2014-2022
Aramid fibers are synthetic fibers with exceptional heat-resistance and strength. Due to their high strength and heat resistant properties, aramid fibers are widely used in the aerospace & defense industry and safety equipment industry for making ballistic body armors, helmets, sporting goods, and other protective clothing. Aramid fiber were first developed and commercialized by DuPont in 1960s, under the brand name Nomex.
Aramid fibers are synthetic fibers with exceptional heat-resistance and strength. Due to their high strength and heat resistant properties, aramid fibers are widely used in the aerospace & defense industry and safety equipment industry for making ballistic body armors, helmets, sporting goods, and other protective clothing. Aramid fiber were first developed and commercialized by DuPont in 1960s, under the brand name Nomex.
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ARAMID FIBER REINFORCEMENT<br />
MATERIALS MARKET KEY FINDINGS<br />
• The marine segment is expected to witness the highest growth rate from 2016 to <strong>2022</strong>, in<br />
terms of both value <strong>and</strong> volume.<br />
• In 2015, North America generated maximum revenue, with over one-third share of the<br />
global market.<br />
• Argentina is expected to grow at the highest CAGR of 13.3% during the forecast period.<br />
• The para-aramid fibers segment dominated the market in 2015, <strong>and</strong> is expected to<br />
maintain its lead throughout the forecast period.<br />
• In terms of both value <strong>and</strong> volume, the Asia-Pacific region is expected to witness highest<br />
growth rate in the aramid fiber market from 2016 to <strong>2022</strong>.
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