"Data Center Automation Market - Global Forecast to 2019" Published

Data Center Automation Market by Solution (Server, Network, Storage Automation), by Services (Consulting, Installation and Support Services), & by End User (Enterprises, Cloud Service Providers, Colocation Service Providers) - Global Forecast to 2019

Aramid fiber is an advanced high-performance fiber that has high load-bearing capacity with high resistance to thermal, flame, and most of the other chemicals. These unique properties find applications for aramid fiber, such as security & protection, frictional material, rubber reinforcement, electrical insulation, optical fiber, tire reinforcement, and aerospace among others.

The market for aramid fiber is estimated to grow on account of the increasing need for proper security & protection measures, demand for lighter vehicles to boost fuel efficiency, and need to replace materials, such as steel and asbestos, and advancement in technology which creates the need for advanced materials such as aramid fibers, carbon fibers, and UHMWPE. High production and treatment costs, aramid fiber processing & cutting difficulties, non-biodegradable nature, and high investment and R&D costs are expected to be the restraining factors for the market.

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Region-wise, Europe is leading the aramid fiber market. Growth in Europe and North America is led by the rising demand for security & protection applications due to increased safety concerns and mandatory regulations in the region. Asia-Pacific is estimated to have the highest growth in the market due to the region's favorable prospects; several companies are expanding in Asian countries to benefit from the low-cost structures and growing local demand for aramid fibers in various industries, such as automotive, military, electronics, construction, and telecommunication, among others. Para-aramid fiber had the largest market size in 2013 and will continue to dominate till 2019 on account of the demand from security & protection, optical fiber, frictional material, and aerospace applications. Meta-aramid fibers are projected to have the highest CAGR of 9.7% between 2014 and 2019.

The report analyzes the aramid fiber market trends and forecasts till 2019. The market size has been provided in terms of market volume (tons) and value ($million). The report also identifies prominent players and provides analysis for each player in terms of company overview, financials, products & services offered recent developments, and company strategy.

The aramid fiber market is projected to register a CAGR of 8.7% between 2014 and 2019 to reach $3,067 million. The security & protection application, that uses aramid fiber, is witnessing a CAGR of 8.3% and constitutes a significant part of the overall aramid fiber market. However, the optical fiber application is projected to register a high CAGR of 10.4% by 2019.

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