In the world where durable and light-weight composites are replacing traditional materials, aramid fibers are playing a crucial role in the market. They are important for reinforcing the composites where exceptional damage tolerance and weight reduction is needed. Aramid fibers are synthetic fiber, which is produced by spinning a solid fiber from solution. They lie in the class of strong synthetic and heat-resistant fibers. These fibers offers numerous useful mechanical and functional properties such as high tensile strength, low density, compressive strength alike to E-glass fibers, high thermal resistance, good abrasion and chemical resistance, and improved impact resistance.
In terms of type, para-aramid fiber dominated the market in 2015, owing to their increasing usage in ballistic protection i.e. for manufacturing bullet proof vests and hard armor or ballistics for military and homeland security vehicles. However, meta-aramid fiber is expected to have high growth rate owing to the increased usage in making the suits of firefighters, military pilots, race car drivers, and firefighters face mask, because of their excellent durable and heat resistance nature.
The increasing warfare and mounting security threats is becoming a prime driver in the growth of the aramid fiber market. In the past few years, there has been a consistent rise in the number of armed conflicts globally, the ISIS conflict. Additionally, rise in tensions between the countries and across the borders has further led to an increase in the demand for ballistic protection armor for both the vehicles and troops such as headgear, armored car, bulletproof vests, and ballistic missiles.
Furthermore, Homeland security and law enforcement personnel also face life-threatening situations when unexpected terrorist attacks, riots, and organized crime occur. Almost 95 percent of injuries are the result of falling or flying glass, mortar shrapnel, and explosive fragments. Thus such a security threat give rise to this market. Some of the major players dominating the market are namely, Teijin Aramid, E.I. du Pont, Hyosung Corporation, and Kermel.
What the Report Contains
Market Definition along with identification of key drivers and restraints for the market.
Market analysis with region specific assessments and competition analysis on a North America and regional scale.
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market on a North America and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market shares.
Identification and analysis of the Macro and Micro factors that affect the industry on both North America and regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
1.1 Scope of the Report
1.3 Research Methodology
2. Executive Summary
3. Amines Market
3.2 Industry Value Chain
3.3 Industry Attractiveness - Porter's Five Force Analysis
3.3.1 Bargaining Power of Suppliers
3.3.2 Bargaining Power of Buyers
3.3.3 Threat of New Entrants
3.3.4 Threat of Substitute Products and Services
3.3.5 Degree of Competition
4. Market Dynamics
4.1.1 Increasing warfare and Escalating security threat
4.1.2 Growing Need for fuel efficiency
4.1.3 Advances in technology in Automotive sector
4.2.1 High Cost Association
4.2.2 Non-Biodegradable in Nature
4.3.1 Rising demand from Aerospace sector
5. Market Analysis
5.1 By Type
5.2 By End User
5.2.1 Aerospace and Defence
5.2.4 Fiber Optic Cables
5.2.5 Others (Sports and Leisure, construction, and industrial component)
6. Regional Market Analysis (Market size, growth and forecast)
6.1 North America
6.1.1 United States
6.1.4 Rest of North America
7. Competitive Landscape
7.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
7.2 Market Share Analysis
7.3 Strategies Adopted by Leading Players
7.4 New Product Launches
8. Company Profiles
8.1 Teijin Aramid
8.2 E.I. duPont
8.3 Hyosung Corporation
8.4 Toray Chemical Korea Inc
8.5 Kolon Industries Inc
8.6 HUVIS Corporation
8.8 China National Bluestar (Group) Co. Ltd
8.9 Yantai Tayho Advanced Materials Co