Argentina Aramid Fiber Market Outlook

argentina is set to witness substantial growth in the aramid fiber market in the forecast period (2018 to 2032). aramid fiber is a heat resistant fiber used in the production of protective clothing, interceptors, aerospace components, and cables. it is produced from aromatic polyamide and has properties like fire and heat resistance, chemical resistance, and tear and tensile strength. it is light in weight and thin with superior electrical properties. the increasing global requirement in the aramid fiber market is driven by the growth in the sectors such as automotive and aerospace around the world, especially in developed countries like the u.s., germany, and uk. the region is incorporated with a vast variety of infrastructural advancements, such as modern infrastructure and various industries, which offer great opportunities to the industry. the country has been making major contributions in the automotive industry, and different automakers are operating in the country. the automotive industry is a major end-user industry for aramid fibers and the demand for improved vehicle safety is expected to substantially increase the demand for aramid fibers in the years to come. the region is also home to a competitive chemical and energy sector and thus provides a steady fuel for the aramid fiber market. moreover, argentina's massive wind and solar energy projects are expected to be a massive factor in driving the demand for aramid fiber in the years to come. the surge in investments in these energy projects are also expected to favor the growth of the aramid fiber market in the country. the demands for superior safety applications, like those used in the aerospace industry, is another key factor that is driving the aramid fiber market in argentina. further, the strict government regulations towards safety are anticipated to be an added factor in the growth of the aramid fiber market in the country. as a result, the market for aramid fibers is expected to gain footing in argentina over the forecast period. thus, with a variety of end-use industries coupled with investments and development in the energy sector, argentina is expected to be an important market for aramid fiber in the next decade. hence, the industry is expected to witness growth in the forecast period (2018-2032).