High Demand from Optical Fiber Cables and Filtration Sectors Coupled with Continued Growth in Safety & Protection to Drive Global Aramid Fiber Market to Reach USD4.5 billion by 2025 - Aramid Fibers Market Report (2018-2025) by Industry Experts, Inc.
Industry Experts, Inc. published an updated 2019 version of the exclusive and comprehensive global market report on Aramid Fiber. The new report entitled " Aramid Fibers (Para and Meta) – A Global Market Overview " reveals that the global market for Aramid Fiber is forecast to cross 150 metric tons by 2025. 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 (both para-aramid and meta-aramid) is projected to register a CAGR of 6.6% to reach US$4.5 billion by 2025. Para-aramid fiber is the largest as well as ...