February 15th,2023/Industry News Global/ -- The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Aramid Fiber Market.
Aramid Fiber Marketreport studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.
The market is likely to experience a brisk recuperation from 2021 onwards, translating to a cumulative sale of US$ 22.4 Billion during 2021-2026.
We have segmented the market as protection & safety, electrical transmission & insulation, tire reinforcement, rubber reinforcement, friction materials, filtration, paper, and others. Electrical transmission & insulation and protection & safety are expected to be the largest demand-generating applications during the forecast period. These two segments are also likely to endure a relatively lower impact of the pandemic in 2020. Zealous efforts towards the development and implementation of next-gen 4G and 5G communications is likely to fuel the long-term demand.
By Form Type
We have segmented the market as filament, pulp, staple fiber, and others. The filament is likely to maintain its dominance in the market till 2026, owing to its numerous advantages such as excellent strength-to-weight ratio, heat, flame, and chemical-resistance, high dimensional stability, ability to modify as per application, and availability in various colors. Staple fiber is also likely to offer attractive opportunities during the forecast period with key applications in hot gas filtration fabrics, sewing threads, zipper tapes, firefighters turnout facing fabrics, aircraft carpeting, cut-protection products such as gloves.
In terms of regions, North America and Europe are likely to hold a massive chunk of the market in 2020 as well as in the foreseen future. The leading aerospace & defense and automotive industries are likely to hugely influence the regions’ demand in the long term. Despite taking a steep plunge in 2020, the USA takes the throne in North American as well as the global markets. Post suffering the least downturn in 2020, Asia-Pacific to act as a catalyst for the market, rapidly and efficiently recovering from the pandemic’s aftermath. China and India are expected to remain the thrust-bearers of the market in the long-term.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Aramid Fiber Market analysis report discusses the following heads in great detail:
· Market structure: Overview, industry life cycle analysis, supply chain analysis
· COVID-19 Impact Assessment
· Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
· Market trend and forecast analysis
· Market segment trend and forecast
· Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
· Attractive market segments and associated growth opportunities
· Emerging trends
· Strategic growth opportunities for the existing and new players
· Key success factors
About Stratview Research
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making. It is a global market intelligence firm providing a wide range of services including syndicated market reports, custom research, and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.