Global Para-aramid Fiber in Tire Reinforcement Market Expected To Reach 2.12 Billion By 2020 Grow At A CAGR Of 7.9% Over 2016-2020

Date: 2016-11-08

Owe to the rising production of passenger cars and commercial vehicles is the main factor to grow the Para-aramid Fiber in Tire Reinforcement market, worldwide automobile production exceed 90 million in 2015, and 93 million automobiles expected be produced in 2016; some 68.56 million cars were produced worldwide and about 22.12 million such vehicles were produced globally in 2015, under increasing production of vehicles, the global Automotive Camera Module Market is estimated to reach a revenue of 2.12 $Billion by 2020.

In terms of geography, the Asia is dominating the market across the world due to the large production of vehicles, which estimated to registering a CAGR of 9.3% between 2016 and 2020. The region followed by Europe and American areas, Europe and American areas are similar in the production.

In addition, the market is being driven by stringent regulations in developed economies such as European countries and the U.S. In developing economies, on the other hand, growing concern for employee health &safety is driving the demand for aramid fiber, in the form of protective clothing.

Global top Para-aramid Fiber in Tire Reinforcement players include HYOSUNG Corporation, E. I. du Pont de Nemours and Company, Teijin Aramid, Ibiden Co., Ltd., Toray Chemical Korea Inc., Yantai Tayho Advanced Materials Co. Ltd. and Huvis Corporation. These companies have a strong emphasis on R&D activities to introduce new products and strengthen their aramid fiber product portfolio.

Para-aramid Fiber in Tire Reinforcement market share by region as following:


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Joanna | Executive – International Business and partner Relations
E-mail: | Tel: 510-400-8520


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