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The global aramid fiber market was valued at USD 2.96 billion in 2018 and is expected to reach USD 6.31 billion by 2026, with an anticipated CAGR of 9.92% during the forecast period, 2019u20132026.
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What are Aramid Fibers? | The Introduction to A Adaptable Material Aramid fibers exhibit high strength, resistance to abrasion and organic solvents, and fabric integrity at elevated temperatures. These fibers are non-conductive, have no melting point, and low flammability. Aramid fibers’ unique characteristics can be attributed to the compounds’ hardened polymer atoms with solid crystal orientation and close communication between the polymer chains due to hydrogen bonds. Aramid fibers are used in an array of applications such as composites, ballistics, aviation, cars, and protective attire against warm/radiation/synthetic concoctions, asbestos substitute, and media communications (optical fiber links). Asia Pacific is expected to be the fastest growing market for aramid fibers during the forecast period, owing to rising concerns regarding the security of armed forces. Trends in Aramid Fiber Market: The Global Aramid Fiber Market was appreciated at USD 2.96 billion in 2018 and is expected to reach USD 6.31 billion by 2026, with an anticipated CAGR of 9.92% during the forecast period, 2019–2026.
Competitive Landscape: Some of the major Companies in the Aramid Fiber Market are E. I. du Pont de Nemours and Company (U.S.), Teijin Limited (Japan), Yantai Tayho Advanced Materials Co. (China), TORAY INDUSTRIES, INC. (Japan), Hyosung Corp. (South Korea), Kolon Industries Inc. (South Korea), Huvis Corp. (South Korea), Bluestar (Chengdu) New Material Co., Ltd (China), Sinopec Yizheng Chemical Fibre Company Limited (China), and JSC Kamenskvolokno (Russia). Segmental Insights Trends: The Aramid Fiber Market is Segmented By Type and Applications. By Type Para-aramid Meta-aramid Others. By Application Security & Protection Frictional Materials Optical Fiber. Regional Insights: Geographically, the Aramid Fiber Market is segmented into four regions: the Americas, Europe, Asia Pacific, and the Middle East & Africa (MEA). North America Europe Asia Pacific The Middle East & Africa Get FREE Sample copy of Aramid Fiber Market @ https://straitsresearch.com/report/aramid-fiber-market/request-sample About StraitsResearch: StraitsResearch, we have a tendency to alter our buyers to solve the quality of assorted industries through our marketing research & Consulting Services.
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