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North America Aramid Fiber Market Forecast 2019-2027

The North America aramid fiber market is estimated to grow at a CAGR of 7.43% in terms of revenue and 7.48% in terms of volume during the forecasted period. Various regulatory bodies and their rigorous regulations are driving the market growth of aramid fiber.

The North America aramid fiber market is evaluated based on the markets in regions, such as the United States and Canada. The tire reinforcement segment, coupled with growing demands from the automotive industry, is expected to result in abundant opportunities for market growth. The increasing onshore and offshore drilling activities, economic recovery, and increasing government investments in infrastructure, educational facilities, etc. are driving the growth of the US market. The optical fibers segment, expanded energy infrastructure, construction activities, etc. are expected to drive market growth in Canada. The construction sector and the large presence of commercial and residential development markets have garnered wide recognition from the world, and these sectors are expected to flourish during the forecast period, which will positively impact the market growth of aramid fibers.

The recognition of various sectors and their subsequent demands makes the market susceptible to influencing and providing opportunities for many companies. Some of the major companies are Dupont Inc., Teijin, Ibiden Co. Ltd., Honeywell International Inc., Toray Industries Inc., Yantai Tayho Advanced Materials Co. Ltd., etc.
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North America Aramid Fiber Market Forecast 2019-2027
Published By :Inkwood Research
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