Aramid Fiber Market Trends, Future Investments, and Latest Business Opportunities By 2025
“The key factors that could be attributed to the growth of the market include beneficial properties such as rigid molecular structure and high strength that propel its application in protection and security application. Moreover, increasing demand for protective headgear, protective footwear, safety goggles, earplugs, safety harnesses, gloves, and others.”
Global Aramid Fiber Market is anticipated to reach US$ 5.90 billion by 2025. Aramid Fiber implies man-made high-performance fiber; with particles that are characterized by relatively rigid polymer chains. Factors such as surge in demand for self-protective clothing from numerous applications such as defense and industrial sector, strict regulations regarding carbon emissions, rising disposable income, technological advancement, development of these end-user industries and rising need of aramid fibers in different industries are likely to drive the aramid fiber industry in the forthcoming period. On the other hand, the high cost of production is anticipated to hinder aramid fibers market growth in the future. However, the facts that these fibers are heat resistant, lightweight, highly durable, and non-flammable are likely to create lucrative opportunities for the market. Aramid fiber industry is predicted to expand at a significant CAGR of 8.2% in the upcoming period as the scope, product types, and its applications are increasing across the globe. Aramid fiber market could be explored by product type, application, and geography. Aramid fiber industry could be explored by product type as Meta-Aramid, Para-Aramid, and Others. The “Para-aramid” segment accounted for a prominent share in the market. It is likely to witness substantial growth in the years to come.
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