U.S. Aramid Fiber Market Outlook

the u.s aramid fiber market has been gaining steady traction since its inception in the early nineteen eighties. in recent years, the demand for aramid fiber has been driven by its performance characteristics and applications in sectors like aerospace, defense, automotive and construction among others. the market for aramid fiber in the u.s. has been expected to grow steadily through 2018 to 2032. aramid fiber is a synthetic fiber created out of organic polymer chains of aromatics, which have many desirable characteristics like high strength, high performance and low flammability. aramid fiber is strong, lightweight and provides excellent thermal stability at high temperatures. all these features make aramid fiber a desirable material for applications in various industries, which is the major driver for the market growth. the primary end-user industries in which aramid fiber finds application include aerospace, defense, automotive, and industrial. the aramid fiber is used as non-metallic reinforcement materials for composite structures, mostly in aerospace and defense sectors as analternate to metals. in automotive industry, aramid fiber is used for multiple applications such as side curtains and bumpers, brake pads and airbags. the u.s aramid fiber market is expected to witness healthy growth due to factors such as growing demand from aerospace and defense industries, increasing demand from the automotive industry and increasing utilization of aramid fiber in the industrial sector. the accelerated economic growth is also expected to boost the u.s. aramid fiber market. the popularity of aramid fiber in end-user industries is likely to generate new business opportunities for the market players throughout the forecast period. major players in the u.s. aramid fiber market include continental ag, e. i. du pont de nemours and company, teijin limited, honeywell international, inc., kolon industries, inc., and solvay s.a. these players have invested substantially in research and development to identify improved ways to utilize aramid fibers. overall, the u.s. aramid fiber market is projected to register moderate to high growth in the period 2018-2032. besides, with the rapid advancements taking place in the aviation, and industrial sectors, further opportunities are expected to get created for the market players in the u.s. aramid fiber market.