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Aramid Fiber Market Size, Share, Development by 2025 - QY Research, Inc.
Aramids (Aramid Fiber) are a family of nylons, which are contraction of aromatic and polyamide. It is man-made high-performance fiber, with molecules that are characterized by relatively rigid polymer chains. These molecules are linked by strong hydrogen bonds that transfer mechanical stress very efficiently, making it possible to use chains of relatively low molecular weight. An aramid is a polyamide where at least 85% of the amide bonds are attached to aromatic rings.
As international economic situation is complicated, China's economy is developing rapidly. Global Aramid market demand will maintain steady growth. The global capacity distribution is mainly focused on the area of USA with the share of 34.64% (2016), Europe with 35.42%, and China with11.04%.
The Aramid industry has great development prospects and will remain a steady growth rate in the following few years, but in a decreasing speed. For the past five years 2012-2016, the global compound growth rate is 4.19%. We are still optimistic about the Aramid market. Aramid market is in a developing stage, no matter in developed countries or in developing countries.
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The global Aramid Fiber market is valued at 3390 million USD in 2017 and is expected to reach 4830 million USD by the end of 2025, growing at a CAGR of 4.5% between 2018 and 2025.
This research report categorizes the China and global Aramid Fiber market by type, end-use industry, and region.
International Manufacturers Covered
China Local Manufacturers Covered
Sinopec Yizheng Chemical Fibre
Hebei Silicon Valley Chemical
Zhaoda Specially Fiber
Body Armor & Helmet
High Strength Rope
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