Aramid Fiber Market
However , in terms of rate of growth , the electrical end-use segment is expected to emerge as the fastest with an 8.3 % CAGR from 2015 to 2023in revenue terms . The global aramid fiber market will continue to see a progressive increase in demand from the automotive and industrial protective clothing end-use industries .
The global aramid fiber market is also studied from the geographical perspective by segmenting it into : North America , Europe , Latin America , Asia Pacific , and Middle East and Africa . Europe stood as the largest regional aramid fiber market in 2014 with a 35 % share of the overall market . The prospects of the European aramid fiber market look promising as the demand for personal armor and protective clothing will keep the consumption of aramid fiber high .
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From the regional standpoint , the fastest growth in the global aramid fiber market will be reported by Asia Pacific through the report ’ s forecast period . In India and China , especially , aramid fiber is expected to be consumed in large volumes in automotive , construction , and electrical industries . Demand will also remain steady from ASEAN countries . The expansion of the aramid fiber market in North America is predicted to be striking over the next eight years as the U . S . moves a step closer to normalcy . Latin America will not disappoint , thanks to the rebounding automotive and construction industries – the two major end-users of aramid fiber .
While Middle East and Africa will not demonstrate a marked improvement in the demand for aramid fiber , the market ’ s growth will be sustained largely by the oil and gas industry , which stirs up demand for protective clothing . Companies profiled in the aramid fiber market report are : E . I . du Pont de Nemours and Company , Kolon Industries Inc ., Teijin Aramid , Yantai Tayho Advanced Materials Co ., Ltd , and HYOSUNG Corporation .
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TABLE OF CONTENT
Chapter 1 Preface 1.1 Report Description 1.2 Market Segmentation
1.2.1 Global Aramid Fiber Market Segmentation by Product , End-user , and Region 1.3 Research Scope
1.3.1 Assumptions
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