Global and United States Meta and Para Aramid Market – Description
Meta aramids find application in various arena such as firefighting garments, flight suits, racing suits, on hot air balloons, and it is even used in paper form! These properties of meta-aramids make them fantastically suited for high-temperature applications, electrical applications, and chemical applications. On the other hand, the para-aramids display a higher degree of crystallinity which increases the fibre’s strength. In fact, they are manufactured with a much higher tenacity of 23g/den. The meta-aramid’s high resistance to heat makes it the perfect material for electrical insulation, protective gear and heat shields in vehicles.
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Global and United States Meta and Para Aramid Market – Overview
It is estimated for the Global and United States Meta and Para Aramid Market to witness growth at a CAGR of 6.2% during the forecast period of 2022 to 2030. The market witnessed growth at a healthy CAGR even during the previous forecast period of 2018 to 2021.
Increasing product demand from different industries such as oil & gas, healthcare, manufacturing, and others due to the rigid government regulations with respect to workplace safety is forecasted to drive the market growth during the forecast period.
Also, the integration of advanced robotic systems in warehousing as per the trend of zero-labour warehousing in the U.S. is estimated to drive market growth. The rising demand for onshore and offshore drilling activities along with the increasing shale oil & gas industry is estimated to foster the product demand in the U.S. over the forecast period.
Global and United States Meta and Para Aramid Market – Key Trends
Increase demand for Meta and Para-aramid in various industries to foster the market
Increasing product demand from different industries such as oil & gas, healthcare, manufacturing, and others due to the rigid government regulations with respect to workplace safety is forecasted to drive the market growth during the forecast period.
The integration of robotic systems to foster the market growth
The integration of advanced robotic systems in warehousing as per the trend of zero-labour warehousing in the U.S. is estimated to drive market growth. The rising demand for onshore and offshore drilling activities along with the increasing shale oil & gas industry is estimated to foster the product demand in the U.S. over the forecast period.
Global and United States Meta and Para Aramid Market – Segmental Assessment
By Product
• Para-Aramid
• Meta-Aramid
It is estimated for the meta-aramid to boost the growth of the market during the forecast period..
By Application
• Oil & gas
• Health care
• Manufacturing
It is estimated for oil & gas segment to boost the growth of the market during the forecast period.
Global and United States Meta and Para Aramid Market – Geographical Landscape
It is estimated for the region of US to drive the growth of the market during the forecast period. The growing in the technological advancements in the region is estimated to foster the growth of the market during the forecast period. The region of Europe is estimated to witness growth at a healthy rate during the forecast period. The Asia Pacific region is also estimated to witness a notable growth rate in the market.
Global and United States Meta and Para Aramid Market – Competitive Hierarchy
Some of the key players operating in the aramid fiber market are Teijin Ltd., Yantai Tayho Advanced Materials Co, E. I. du Pont de Nemours and Company (DowDuPont), Hyosung Corp., Toray Chemicals South Korea, Inc., Kermel S.A, Kolon Industries, Inc., Huvis Corp., China National Bluestar (Group) Co., Ltd., SRO Aramid (Jiangzu) Co., Ltd.
Report Scope
Global and United States Meta and Para Aramid Market : Historical Years (2018 to 2021)
Global and United States Meta and Para Aramid Market CAGR 6.2%
Key Segments Reported
By Product (Para-Aramid and Meta-Aramid)
By Application (Oil & gas, Health care and Manufacturing)
Major regions and countries covered
• North America
• Europe
• Asia Pacific
• Middle East
• Rest of the World
Some of the key players operating in the aramid fiber market are Teijin Ltd., Yantai Tayho Advanced Materials Co, E. I. du Pont de Nemours and Company (DowDuPont), Hyosung Corp., Toray Chemicals South Korea, Inc., Kermel S.A, Kolon Industries, Inc., Huvis Corp., China National Bluestar (Group) Co., Ltd., SRO Aramid (Jiangzu) Co., Ltd.
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Key Questions answered with an analysis in this report:
- What are the current market trends? Will there be an increase or decrease in market demand in the following years?
- Which product categories are expected to have the highest demand? What kind and applications might we expect in the future?
- What Economic Predictions are Available for the Industry Considering Capacity, Production, and Production Value?
- Which costs and profits are projected? What Will the Market Share, Consumption, and Supply Be? How do imports and exports operate?
- In light of the strategic advancements, where will the industry be in the mid- to long-term?
- What are the primary raw materials employed in the production?
- What is the value of the global market? How much was the market worth in 2022?
- Which companies are the main players in the market? Which businesses are leading the pack?
- What are the current business trends that can be used to create new sources of income?
- What Entry Strategies, Economic Impact Countermeasures, and Marketing Channels Should the Industry Use?
