According to the recent study the para aramid fiber market is projected to reach an estimated $3 billion by 2030 from $2 billion in 2023 at a CAGR of 5% from 2023 to 2030. Growth in this market is primarily driven by increasing usage of para aramid fiber in brake pads, clutches, gaskets, linings, and tires in automotive and the growing demand for protective clothing in defense and industrial sectors.
Browse 115 figures/charts
and 112 tables in this 200-page report to understand trends, opportunities and
forecast in para aramid fiber market by application (frictional materials,
protection, electrical transmission, safety, rubber reinforcement, tire
reinforcement, oil and gas and others), product form (filament yarn, short
fibers, pulp and others) and region (North America, Europe, Asia Pacific and
ROW).
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para aramid fiber market
Lucintel forecasts that
protection segment will remain the largest application and is also expected to
witness the highest growth over the forecast period due to growing need for
protection of military personnel from mine attacks is expected to drive demand
for mine-resistant ambush protected automobiles.
North America is
expected to remain the largest region over the forecast period due to the
protective clothing segment is driven by strict regulation for employee health
and safety and also it is expected to witness highest growth over the forecast
period.
America is expected to
remain the largest region over the forecast period due to increasing automotive
production, growth in aerospace industry, and stringent government regulation
on industrial safety and protection. and it is also expected to witness highest
growth over the forecast period.
Tejin Aramid, DuPont,
Kolon Industries, Hyosung Corporation, Yantai Tayho Advanced Materials Co. Ltd.
are the major supplier in the para aramid fiber market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com
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Contact:
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Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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