UK Aramid Fiber Market Outlook

the uk aramid fibre market is expected to witness moderate growth in the period 2018-2032. this can be attributed to the growing prominence of aramid fibre in the aeronautical and uav (unmanned aerial vehicle) industry, driven by the government’s focus on investing in defence technology. aramid fibres are also used in sports apparel as a lighter and stronger alternative to other fibres, such as carbon. furthermore, the construction sector is also opting for aramid fibre-composite materials to separately reinforcing traditional materials such as concrete, steel and timber, as they require less manpower, time and cost. however, the high costs and availability of less costly alternatives could hamper the growth of the uk aramid fibre market in the coming years. additionally, the complex manufacturing process increases the cost of production and consequently the cost of the fibre, as compared to alternative fibres such as woven aramid, which is a cheaper and eco-friendly alternative. the emergence of biobased fibres is also a potential threat to the market, as these fibres biodegradable and environmetally friendly and can also be used for high-performance applications. therefore, the uk aramid fibre market is likely to remain competitive, with companies focusing on research and development activities to improve the production process, enhance the performance of the fibre and reduce the cost of production. companies are also exploring opportunities to expand their portfolio, for instance, by entering into strategic mergers and acquisitions with regional, as well as global players. moreover, companies are increasingly investing in advertising campaigns to increase the brand awareness of their products in the aramid market.