logo
logo
Sign in

Aramid Fiber Market 2027 Report Outlook by Growth Rate, Trends and Opportunities

avatar
Rahul Sharma
Aramid Fiber Market 2027 Report Outlook by Growth Rate, Trends and Opportunities

The global Aramid Fiber Market size is projected to touch USD 6.8 billion by the end of 2027, as per the report released by Million Insights. It is projected to ascend with a CAGR of 8.2% from 2020 to 2027.Excellent properties such as high strength, superior resistance to chemical and heat, and stability of aramid fiber are predicted to bode well for the market growth over the estimated duration.

 

Request a Sample PDF Copy of This Report @ https://www.millioninsights.com/industry-reports/aramid-fiber-market/request-sample

 

Market Synopsis of Aramid Fiber Market:

 

Growing requirements for protection and security measures across several industries such as oil & gas, mining, building & construction, and medical/healthcare are expected to drive the product demand in the upcoming years. Moreover, strict norms in developing nations such as India and China related to workplace safety are also anticipated to accelerate the growth of the aramid fibers market over the estimated duration.

 

Aramid fibers are extensively preferred over organic fiber and metal wires in various composite applications in the marine and aerospace segment, and oil rigs in offshore activities. Further, various benefits of the product such as tear on drums, non-aggressive wear and fade and discs resistance is projected to drive the product usage.

 

Asia Pacific is valued at USD 811.4 million in 2019 and is predicted to foresee noticeable growth from 2020 to 2027. Factors such as increasing preference for security, growing penetration of the internet, and expansion of the telecom industry are expected to fuel the market growth over the estimated duration. Further, increasing spending on military and defense due to rising geopolitical tensions in emerging nations such as India and China are also expected to accelerate the product demand. North America is projected to expand with a revenue-based CAGR of 8.8% from 2020 to 2027 and touch USD 2.1 billion by the end of 2027.

 

View Full Table of Contents of This Report @ https://www.millioninsights.com/industry-reports/aramid-fiber-market

 

Table of Contents:-

Chapter 1 Methodology and Scope

Chapter 2 Executive Summary

Chapter 3 Aramid Fiber: Market Variables, Trends & Scope              

Chapter 4 Aramid Fiber: Product Estimates & Trend Analysis

Chapter 5 Aramid Fiber: Application Estimates & Trend Analysis

Chapter 6 Aramid Fiber: End-use Estimates & Trend Analysis

Chapter 7 Aramid Fiber: Industrial End-use Estimates & Trend Analysis

Chapter 8 Aramid Fiber: Regional Estimates & Trend Analysis

Chapter 9 Competitive Landscape

Chapter 10 Aramid Fiber: Manufacturers Company Profiles

Get in touch

At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions.

collect
0
avatar
Rahul Sharma
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more