Aramid Fiber Industry 2020-2027 Consumption, Export, Import by Regions, Competitors, Pricing Strategy, Brand Strategy
Market Potential and Pitfalls The aramid fiber market is fueled by the soaring demand for protective clothing from the industrial and military & defense sectors. The flame-resistant and heat-protective properties of aramid fiber have resulted in its increased demand from the defense sector for counterterrorism strategies and homeland security. Aramid fiber is extensively used in ballistic applications like protective gloves and bulletproof vests, which is further estimated to encourage the market growth in the coming years. The product also finds application in the automotive sector for making belts, hoses, gaskets, belts, tires, gaskets, clutches, brake pads, and others. It helps to enhance the safety, performance, and durability of the automotive, which influences its growth globally. The global aramid fiber market, as per a report by Market Research Future (MRFR) is touted to register a healthy CAGR during the forecast period (2020-2027). Get a Free Sample Report @ https:...