Aramid Fiber Market to see 8% CAGR to 2019: Europe, China in Focus with Aramid Fiber Industry Analysis by Type and Application

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May 20, 2015, 09:00 ET

DALLAS, May 20, 2015 /PRNewswire/ --

RnRMarketResearch.com offers aramid fiber market research reports titled "Aramid Fiber Market by Type (Para-aramid Fiber, Meta-aramid Fiber) and Application (Security & Protection, Frictional Material, Tire & Rubber Reinforcement, Optical Fiber, Electrical Insulation, Aerospace, Others) - Global Trends & Forecasts to 2019", "Global and China Aramid Fiber Industry Report, 2014-2017" and "2015 Market Research Report on Global Aramid Fiber Industry" in the materials and chemicals section of its library.

Complete report on global aramid fiber market by type and application spread across 170 pages, profiling 10 companies and supported with 95 tables and 77 figures is now available at http://www.rnrmarketresearch.com/aramid-fiber-market-by-type-para-aramid-fiber-meta-aramid-fiber-and-application-security-protection-frictional-material-tire-rubber-reinforcement-optical-fiber-electrical-insulation-aeros-market-report.html .

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.

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 http://www.rnrmarketresearch.com/contacts/purchase?rname=240508 .

The second research titled Global and China Aramid Fiber Industry Report, 2014-2017 says in 2014, the output of meta-aramid fiber in China will hit 11 kt or so and net export volume of the product will be more than 800 tons, as it is predicted. Meta-aramid fiber in China is mainly applied in such fields as high temperature resistant filtration materials, safety protection, insulation paper, etc., among which high temperature resistant filtration materials accounted for over 50% of the total demand for meta-aramid fiber. Companies that have realized meta-aramid fiber industrialization consist of Yantai Tayho Advanced Materials Co., Ltd., SRO Aramid (Jiangsu) Co., Ltd., Guangdong Charming Co., Ltd., etc., in which Yantai Tayho Advanced Materials Co., Ltd. wins the first place by production scale. It boasted a capacity of 7.6 kt of meta-aramid fiber as of the end of Sept. 2014; besides, its 1 kt/a meta-aramid fiber project is being constructed and is expected to be put into production in early 2015.

During 2010-2014, with multiple para-aramid fiber projects being put into production, para-aramid fiber output in China witnessed soaring growth and will hit about 1.3 kt in 2014 as it is predicted, lifting the country's self-sufficiency rate of para-aramid fiber market to over 50%. In 2014, there are mainly 5 para-aramid fiber companies in China, such as Yantai Tayho Advanced Materials Co., Ltd., Suzhou Zhaoda Specially Fiber Technical Co., Ltd., China BlueStar Chengrand Research & Design Institute of Chemical Industry, etc., wherein, the above three companies each boasted a capacity of 1 kt/a. The para-aramid fiber production equipments are still immature in China; only Yantai Tayho Advanced Materials Co., Ltd. has relatively stable production lines, capable of annually producing 500 tons or so of para-aramid fiber. For the moment, China is characterized by plenty of proposed/ongoing para-aramid fiber capacities, including 15 kt/a para-aramid fiber project jointly invested and built by Shenzhen Selen Science & Technology Co., Ltd. and China BlueStar Chengrand Research & Design Institute of Chemical Industry.

This Global and China Aramid Fiber Market Report for 2014-2017 is spread across 88 pages and profiles companies like DuPont, Teijin Limited, Kolon Industries, Inc., Yantai Tayho Advanced Materials Co., Ltd., Sinopec Yizheng Chemical Fibre Company Limited (YCF), Shenma Industry Co., Ltd., Shenzhen Selen Science & Technology Co., Ltd., SRO Aramid (Jiangsu) Co., Ltd., Guangdong Charming Co., Ltd., Suzhou Zhaoda Specially Fiber Technical Co., Ltd., China BlueStar Chengrand Research & Design Institute of Chemical Industry, Hebei Silicon Valley Chemical Co., Ltd., Xiamen Savings Environmental Co., Ltd. and Yichang Hedali Composite Materials Co., Ltd. Supported with 115 charts, this global and Chinese aramid fiber market report can be purchased at http://www.rnrmarketresearch.com/contacts/purchase?rname=245214 .

A related and newly published research titled 2015 Market Research Report on Global Aramid Fiber Industry is spread across 190 pages and profiles companies like DuPont, Teijin, JSC, Kolon Industries, Hyosung Corp, Huvis, Yantai Tayho Advanced Materials, Bluestar, China Pingmei Shenma Group, Sinopec Yizheng Chemical Fibre Co.,Ltd, Guangdong Charming, Hebei Silicon Valley Chemical Co.,Ltd, Jiangsu Zhaoda Specially Fiber, Shanghai Aimaida Chemical Fiber Science and Technology Co.,Ltd and SRO Group (China) Limited. This complete report with 124 tables and figures on the aramid fiber market is available at http://www.rnrmarketresearch.com/2015-market-research-report-on-global-aramid-fiber-industry-market-report.html .

Explore more reports on the materials and chemicals market at http://www.rnrmarketresearch.com/reports/materials-chemicals .

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