According to a market report by Lucintel, the future of the global para aramid fiber market looks promising with opportunities in the frictional materials, protection, electrical transmission, safety garments, rubber reinforcement, tire reinforcement, and oil and gas applications. The global para aramid fiber market is expected to reach an estimated $4 billion by 2035 with a CAGR of 4% from 2025 to 2035. The major drivers for this market are 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.
A more
than 150-page report to understand trends, opportunity and forecast in global para
aramid fiber market to 2035 by application (frictional materials, protection,
electrical transmission, safety, rubber reinforcement, tire reinforcement, oil
and gas, and others), product (filament yarn, short fibers, pulp, and others),
and region (North America, Europe, Asia Pacific, and ROW).
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.
Filament
yarn is expected to remain the largest product segment over the forecast period
and also it is expected to witness highest growth over the forecast period.
Download
sample by clicking on para aramid fiber
market.
North
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.
Teijin,
DuPont, Kolon Industries, Hyosung Corporation, Yantai Tayho Advanced Materials
Co. Ltd are the major suppliers 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. To get access of more than 1000 reports at fraction of cost
visit Lucintel's Analytics
Dashboard.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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