According to a new market report published by
Lucintel, the future of the global aramid paper market is attractive with opportunities
in application segments, including electrical insulation and honeycomb. The global
aramid paper market is expected to reach an estimated $637.1 million by 2022
and it is forecast to grow at a CAGR of 5.3% from 2017 to 2022. The major
drivers for growth in this market are increasing demand for aramid paper in dry
transformers, generators, motors and honeycomb materials for the composites
industry.
In this market, electrical insulation,
honeycomb, and communication equipment are the major end use application
segments. On the basis of its comprehensive research, Lucintel forecasts that
the honeycomb application will show above average growth during the forecast
period from 2017 to 2022.
Within the global aramid paper market, the electrical
insulation segment is expected to remain the largest market in terms of value
and volume consumption because of its unique combination of excellent
electrical, dialectical, thermal, and mechanical properties than other
substitutes such as fish, ceramic, and kraft paper.
By product type, meta and para are the major types
of aramid paper used in different applications. Meta aramid paper is expected
to be the largest market by value and volume due to its attractive properties
of inherent dielectric strength, mechanical toughness, thermal stability,
chemical compatibility, cryogenic capabilities, radiation, and flame resistance.
Europe is expected to remain the largest region
by value and volume. APAC is expected to experience the highest growth over the
forecast period due to growth in end use industries.
Emerging trends, which have
a direct impact on the dynamics of the industry, include development of cellulose
nanofiber aramid paper by using meta aramid fiber and cellulose nanofiber which
enhances the tensile index, tear index, and interlayer bonding
strength by 2.04 times, 2.36 times and 3 times, respectively. The Du Pont, Teijin Aramid, Yantai Tayho Advanced
Materials Co., Ltd, Shenzhen LongPont, and X-FIPER New Material Co., Ltd are among the major suppliers of the aramid
paper market.
Lucintel, a leading global strategic
consulting and market research firm, has analyzed growth opportunities in the
global aramid paper market by product type, application, and region, and has
compiled a comprehensive research report, entitled “Growth
Opportunities in the Global Aramid Paper Market 2017-2022: Trends, Forecast,
and Opportunity Analysis.”
The Lucintel report serves as a catalyst for growth strategy, as it provides a
comprehensive data and analysis on trends, key drivers, and directions.
The study includes a forecast for the global aramid paper
market by end use application segment, type, and region, as follows:
By End Use Application Segment (Value ($M) and Volume (M
lbs) shipment analysis from 2011-2022):
- Electrical Insulation
- Honeycomb
- Communication Equipment and Others
By Product Type (Value ($M) and Volume (M lbs) shipment
analysis from 2011- 2022):
- Meta Aramid Paper
- Para Aramid Paper
By Region (Value ($M) and Volume (M lbs) shipment
analysis from 2011-2022):
- North America
- Europe
- Asia Pacific
- The Rest of the World
This
125-page 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 helpdesk@lucintel.com. Lucintel
offerings include chemical
market research reports, chemical
industry analysis report, strategic
growth consulting, business
strategy consulting and commercial due diligence
report.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision-makers in a variety of industries. For
further information, visit www.lucintel.com.
This report answers following 11 key
questions:
Q.
1. .What are some of the most promising, high-growth trends in the global aramid paper market by type (para
aramid paper, and meta aramid paper), by end use application segment (electrical
insulation, honeycomb, and communication equipment others), and region (North
America, Europe, Asia Pacific, and the Rest of the World)?
Q.
2. Which product segments will grow at a faster pace and why?
Q.
3. Which region will grow at a faster pace and why?
Q.4.
What are the key factors affecting market dynamics? What are the drivers and
challenges in the market?
Q.5.
What are the business risks and competitive threats in this market?
Q.6.
What are the emerging trends in this market and reasons behind them?
Q.7.
What are the changing demands of customers in the market?
Q.8.
What are the new developments in the market and which companies are leading
these developments?
Q.9.
Who are the major players in this market? What strategic initiatives are being implemented
by key players for business growth?
Q.10.
What are some of the competitive products in this area and how great of a
threat do they pose for loss of market share through product substitution?
Q.
11. What M&A activities haves transpired in the last 5 years in this market
and what impact have they had on the
industry?
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