
According to a new report published by Allied Market Research, titled, Aramid Fiber Reinforcement Materials Market by Type and End-Use Industry: Global Opportunity Analysis and Industry Forecast, 20142022," the global aramid fiber reinforcement materials market was valued at $2,680 million in 2015, and is projected to reach $4,813 million by 2022, growing at a CAGR of 8.8% from 2016 to 2022. The para-aramid fiber accounted for over three-fourths share in the aramid fiber market in 2015, and is expected to maintain its lead throughout the forecast period.