Aramid Fiber Market Projected to Witness a Double-Digit CAGR During 2021-2026

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 Market report 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.
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Drivers
Several other key factors propelling the growth of the market, in the long run, are-
• increasing wireless infrastructure revenue
• surging tire replacement demand coupled with an expected recovery in automotive production
• expected rebound in commercial and regional aircraft deliveries
• growing military expenditure
• increasing mining production, and
• the fibers’ upper hand among their arch-rivals such as steel and carbon fibers
Key Players
The supply chain of this market comprises raw material suppliers, aramid fiber suppliers, part manufacturers, OEMs, and MRO companies.
The key players in the aramid fiber market are-
• DuPont de Nemours, Inc.
• Teijin Ltd.
• Kolon Industries, Inc.
• Yantai Tayho Advanced Materials Co. Ltd., etc.
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
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