Meta Aramid Fiber Market Trends, Share, Size, Growth and Opportunities 2022

The global aramid fiber market size is expected to reach USD 6.8 billion by 2027, expanding at a revenue-based CAGR of 8.2% during the forecast period, according to a new report by Radiant Insights, Inc. Superior properties such as strength and heat-resistance of aramid fiber has promoted its utilization in production of body armor fabric.

In addition, stringent regulations in developing economies related to occupational safety are likely to benefit market growth over the forecast period.

Download Free Sample Report @ https://www.radiantinsights.com/research/aramid-fiber-market/request-sample Aramids fibers are being increasingly used as an alternative to metal wire and organic fiber in structural composite applications in aerospace and marine sectors, and ropes for oil rigs in offshore locations.

In addition, product benefits such as non-aggressive wear and tear on drums and discs and fade resistance is anticipated to propel its usage.

However, the development of cost beneficial production facilities is anticipated to benefit market growth.

Aramid Fiber Price Trend Analysis, 2016 - 20273.5.

The global ''aramid fibres'' market size is projected to reach USD 7,243.3 million by the end of 2027.

According to a report published by Fortune Business Insights, titled “Aramid Fiber Market Size, Share & COVID-19 Impact Analysis, By Product Type (Para, Meta and Others), By Application (Security & Protection, Frictional Materials, Rubber & Tire Reinforcement, Optical Fiber, Electrical Insulation, Aerospace and Others), and Regional Forecast, 2020-2027” the market was worth USD 4,522.6 million in 2019 and will exhibit a CAGR of 6.5% during the forecast period, 2020-2027.Aramid fibers are widely used across diverse industry applications, mainly due to their exceptional physical properties.

The product is characterized by mechanical strength and excellent resistance to external factors including pressure and humidity.

Besides this, properties such as low flammability and good fabric integrity will contribute to the growing adoption of these fibers across diverse industry verticals in several countries.Covid-19 Pandemic has Limited Product Adoption in End-use IndustriesThe recent coronavirus outbreak has had a massive impact on several economies across the globe.

The demand for aramid fiber has gone down drastically in the past few months; a factor that will have a considerable impact on the overall market in the coming years.Study Period: 2016-2027 Base Year:  2019 Forecast Period: 2020-2027 Historical Period: 2016-2018List of the Leading Companies Profiled in the Global Aramid Fiber Market are:DuPont (U.S.)Teijin LimitedKolon Industries Inc.Yantai Tayho Advanced Materials Co., Ltd.X-FIPER New Material Co., Ltd.HUVIS CORPORATIONHyosung CorporationChina National Bluestar (Group) Co, Ltd.Toyobo Co., Ltd.Aramid Hpm, LLC.

The increasing number of such product innovations will have a huge impact on the growth of the overall market in the forthcoming years.Drivers & RestraintsGrowing Demand from Safety & Protection Industry to Drive Market GrowthA huge amount of aramid fiber is used in safety & protection applications such as military, private security, municipal law enforcement, and private contractors involved in government projects.

The Spirulina Market is expected to grow at a CAGR of 10.3% from 2020-2030, according to a new research report by Next Move Strategy ConsultingSpirulina is a blue green algae with high nutrient content, usually consumed by human & animals.

It is also used as a complementary diet ingredient in aquaculture & poultry feeds owing to the presence of high protein & vitamin content.According to the report, growth in health consciousness among people and the rising demand for dietary supplements are major factors driving the spirulina market growth.

Additionally, high penetration of spirulina in industries such as cosmetics and pharmaceutical owing to the advantageous properties such as anti-aging, anti-wrinkles and othersare bringing changes in market tends.However, low stability & poor sustainability of spirulina derived colours is expected to restrict the market growth.Moreover, growth in research & development activities followed by untapped market opportunities in developing economies are anticipated to provide numerous opportunities to the market players in the coming few years.On the basis of type, spirulina market share is segmented into Arthrospira Platensis and Arthrospira Maxima.

Arthrospira Maxima dominates the global Spirulina market and will be the dominant throughout the forecasted period.On the basis of application, the Spirulina market is categorised into Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others.Food & Beverages segment is likely to develop significantly over the period of time owing to fast growing food & beverage industry.On the basis of drug formulation, the spirulina market is bifurcated into Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent.

Powder segment is expected to account for the major market share & dominate the market growth over the forecast period.North America dominates the spirulina market in terms of market size over the forecast period, owing to rising health consciousness among people.

Hansen Holding A/S, Algenol Biofuels Inc., Dongtai City Spirulina Bio-engineering Co., Ltd., Prolgae, Parry Neutraceuticals, Sensient Technologies Corporation, DDW Inc., Algatec and Naturex S.A.Browse key industry insights from the report, “Spirulina Market Size  By Type (ArthrospiraPlatensis and Arthrospira Maxima) By Application (Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others), By Drug Formulation (Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent)Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020–2030” in detail along with the table of contents:Key Insights from the Spirulina Market Report:Asia Pacific is the fastest growing region in Spirulina market owing to the rising demand of spirulina from various industries such as cosmetics, food , healthcare and others and government initiatives to promote local spirulina production.The Food & Beverages segment dominates the market in terms of application and is expected to grow at a significant CAGR to maintain the lead till 2030.Some of the major players in the market are DIC Corporation, Cyanotech Corporation, Chr.

The global aramid fiber market is expected to witness a higher CAGR during the forecast period, 2019 to 2026.

The commonly used fiber types are carbon fiber reinforced plastic (CFRP), glass fiber reinforced plastic (GFRP) and aramid fiber reinforced plastic (AFRP).

As CFRP and GFRP show high resistance to alkali, AFRP poses as one of the best component for concrete structures.Get Exclusive Free PDF Sample Of This Report @ https://dataintelo.com/request-sample/?reportId=452Aramid fibers have naturally occurring mechanical properties unlike synthetic fibers.

Going forward, it can also be used as bullet proof vests and in oil rigs.

Since it possesses excellent mechanical properties other than steel and glass fiber it also maintains these properties at a high temperature since it exhibits heat and flame resistance.

Para-aramid and meta-aramid are the two types.

The Global Aramid Fiber Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.

The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.Aramid fiber is a type of synthetic fiber which is heat and flame retardant.

It is prepared by polymerization of carboxylic acid halides and amines.

Aramid fiber has numerous end-user applications and is used in military, flame retardant clothing, optical fiber systems, aerospace interiors, ropes and wires, snowboards and body armor fabrics.Aerospace & defense are the most prominent end-user applications to augment the growth of this market.

Increased warfare activities and rise in the number of terrorist attacks are forcing countries around the world to adopt efficient and advanced defense system.

Urbanization and industrialization has led to the rapid growth of telecommunication systems which is another significant factor to boost growth of this market.