Global and China Aramid Fiber Market 2015-2018 Growth Driven by Para-Aramid Fiber
November 25, 2015 | By PRN NewsWire
PUNE, India, November 25, 2015 /PRNewswire/ —
ReportsnReports.com adds Global and China Aramid Fiber Industry Report, 2015-2018 that says as of Oct 2015, worldwide aramid fiber capacity has approached 130kt mostly distributed in North America, Europe, and Asia.
Complete report on aramid fiber market spread across 92 pages, profiling 16 companies (3 global, 13 Chinese) and supported with 114 charts is now available at http://www.reportsnreports.com/reports/442989-global-and-china-aramid-fiber-industry-report-2015-2018.html .
Para-aramid fiber, accounting for about 63% of total global aramid fiber capacity, are primarily used in protection materials, high temperature resistant materials, and rope/optical cable; and meta-aramid fiber is chiefly used in insulation, flame resistance, and filtration fields.
American DuPont and Japanese Teijin are the two major producers of aramid fiber around the globe, holding a combined 63% share of total meta-aramid fiber capacity and 77% of total para-aramid fiber capacity in the world by the end of Oct 2015. 2,200 tons/a of meta-aramid fiber (Thailand factory) was new capacity put into operation by Teijin in Aug 2015.
China is late starter in aramid fiber industry with outdated production technology. The country seized only 15% of the world’s total aramid fiber capacity as of the end of Oct 2015. The supply exceeded the demand in the Chinese meta-aramid fiber market during 2011-2015, particularly in competitive low-end product market. It is predicted that China will produce 12,000 tons of meta-aramid fiber in 2015 with 1,200 tons exported. Para-aramid fiber, on the contrary, has been in short supply and needs to be imported. However, as the output of para-aramid fiber increases, China has reduced its dependency on imports of para-aramid fiber in recent years, with import dependency expected to fall below 40% in 2015.
Companies profiled in Global and China Aramid Fiber Industry Report, 2015-2018 market research [http://www.reportsnreports.com/reports/442989-global-and-china-aramid-fiber-industry-report-2015-2018.html ] include DuPont, Teijin, Kolon Industries, Yantai Tayho Advanced Materials Co., Ltd., Sinopec Yizheng Chemical Fibre Company Limited (YCF), Shenma Industry Co., Ltd., Shenzhen Selen Science & Technology Co., Ltd., SRO Aramid (Jiangsu) Co., Ltd., Guangdong Charming Co., Ltd., Suzhou Zhaoda Specially Fiber Technical Co., Ltd., China BlueStar Chengrand Research & Design Institute of Chemical Industry, Hebei Silicon Valley Chemical Co., Ltd., Xiamen Savings Environmental Co., Ltd., Yichang Hedali Composite Materials Co., Ltd., Wuxi Boton Technology Co., Ltd. and Qifeng New Material Co., Ltd. Order a copy of this report at http://www.reportsnreports.com/Purchase.aspx?name=442989 .
Major Chinese meta-aramid fiber producers are Yantai Tayho Advanced Materials and SRO Aramid (Jiangsu), with the former boasting meta-aramid fiber capacity of 7,600 tons and the latter 4,500 tons by the end of Oct 2015. Moreover, Yantai Tayho Advanced Materials is building 1,000 t/a meta-aramid fiber capacity which is expected to go into production in early 2016; SRO Aramid (Jiangsu) plans to put 2,500 t/a meta-aramid fiber capacity into production in 2016.
There are five para-aramid fiber producers in China, respectively Yantai Tayho Advanced Materials, Suzhou Zhaoda Specially Fiber Technical, China BlueStar Chengrand Research & Design Institute of Chemical Industry, Shenma Industry, and Hebei Silicon Valley Chemical. Para-aramid fiber production facilities are not mature in China, and only Yantai Tayho Advanced Materials has stable production lines with annual output of around 500 tons.
On a related note, another research titled Global Aramid Fiber Market 2015-2019 forecasts an 8.07% CAGR growth for the industry and segments the market into End-use (safety and protection, construction, defense and aerospace, automotive, sports utility goods, electrical appliances, and others), Geography (North America, EMEA, APAC, and ROW) and Type (para-aramid, meta-aramid, and others). BASF, Celanese, Du Pont, Kolon, Solvay, Teijin, Banco, Bosch, GKN Aerospace, Honeywell, Hyosung, Magna and Valeo are some of the companies mentioned in this 100 pages report available at http://www.reportsnreports.com/reports/403579-global-aramid-fiber-market-2015-2019.html .
Explore more reports on advanced materials market at http://www.reportsnreports.com/market-research/advanced-material .
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