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Industry Experts has today announced the addition of a new market study on Aramid Fibers to their market research collection. As per the report titled ' Aramid Fibers (Para and Meta) – A Global Market Overview' , Safety & Protection, Frictional Materials, Electrical Insulation and Optical Fiber Cable sectors are the major consumers of aramid fibers that are expected to account for about 70% overall consumption in 2015. Aramid fiber, composed of aromatic polyamides, has been a key material for use in various applications due to its diversified characteristics including high strength, impact resistance, low density, good chemical resistance, high heat resistance and abrasion resistance. Safety & protection, electrical insulation, filtration, frictional materials, optical fiber cables, rubber and tire reinforcements are among the current applications in which aramid fibers have been mostly utilized. Global demand for aramid fibers, which was bottomed out in 2009 has incre

Aramid Fibers (Para and Meta) – A Global Market Overview Safety & protection constitutes the largest end-use application for aramid fibers accounting for a share of over 30 percent in 2013. However, in terms of growth, optical fiber cables are slated to outpace all other application areas with a volume CAGR of 8.4% during the 2014 to 2020 analysis period. Aramid fiber product types analyzed in this study include Para-Aramid fibers and Meta-Aramid fibers. With a slight overlapping for these two product segments, end-use application areas of aramid fibers analyzed include for Para-Aramid Fibers – Safety & Protection, Frictional Materials, Optical Fiber Cables, Tire Reinforcements, Rubber Reinforcements and other applications; and Meta-Aramid Fibers – Electrical Insulation, Safety & Protection, Filtration, Rubber Reinforcements and other applications.