Aramid Tapes Market Foreseen to Draw a Promising Growth with forecast 2028 | Saint Gobain S.A., Cristex, Colan Australia, Yantai Tayho Advanced Materials Co., Teijin Aramid

This detailed market study focuses on data from different primary and secondary sources, and is analyzed using various tools. It helps to gain insights into the market's growth potential, which can help investors identify scope and opportunities. The analysis also provides details of each segment in the global aramid tapes market.

According to the report, the aramid tapes market is projected to register high demand during the forecast period with increasing demand from major end-use industries such as Aerospace & Defence, Protection Equipment, Automotive, and Electrical & Electronics during the forecast period.

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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1) Saint Gobain S.A.
2) Cristex
3) Colan Australia
4) Yantai Tayho Advanced Materials Co.
5) Teijin Aramid
6) Bally Ribbon Mills

What are aramid fibres?

Aramid fibers are extremely strong, lightweight, and low-density materials that can withstand high temperatures as well as corrosion. Aramid fibers are stronger than steel and dielectric in nature with very high melting points.

Segmentation for better understanding of this market and its growth prospects:

Electronics is the major end user of aramid tapes. Aramid tapes are used as an outer wrapping of high-temperature cables where fiberglass cloth is not able to withstand extreme temperatures. It is an insulating material for electrical applications. It helps to avoid high current discharge and thermal runaways. It is used as phase insulation for electric motors and generators.

In transformer coils, aramid tapes provide electrical isolation to avoid any kind of electrical contact, which will interfere with transformer functioning. In the defense sector, aramid tapes are used as bulletproof materials or as pressure-sensitive coating materials. Its physical properties make it an excellent coating material. Saint Gobain S.A. is the world's leading producer of aramid tapes. It has a global presence across all market segments.

The aramid tapes market is mainly concentrated in the Asia Pacific region. The region accounts for approximately 45% of the global share while North America accounts for 30% of the global share. However, this market in Europe is projected to grow higher than in North America during the forecast period. The demand for aramid tapes is expected to grow gradually in the Middle East during the forecast period.

Key Factors Impacting Market Growth:
o Growing electronics industry across the globe
o Substitute for steel
o Substitute to fiberglass cloth in pressure-sensitive applications

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Regional segmentation and analysis to understand growth patterns:

The market has been segmented in major regions to understand the global development and demand patterns of this market.

The aramid tapes market by region has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, and Rest of the World. North America, Western Europe, and Asia Pacific are estimated to be major regions for aramid tapes market during the forecast period. The high growth of supply chain activities to cater various industries and development of packaging solutions is a key to the growth of aramid tapes market in this region.

Major industries in these regions are estimated to be Aerospace & Defence, Protection Equipment, Automotive, and Electrical & Electronics. The Asia Pacific amongst this with increasing trade activities and industrial growth is estimated to be one of the fastest-growing markets during the forecast period. Middle East region promises a strong market potential during the forecast period. The diversification of economic activities leading to industrial growth is a key to the demand for aramid tapes market in this region. South America and Africa are emerging regions in terms of market demand during the forecast period.

This report provides:

1) An overview of the global market for aramid tapes market and related technologies.
2) Analysis of global market trends, yearly estimates and annual growth rate projections for compounds (CAGRs).
3) Identification of new market opportunities and targeted consumer marketing strategies for global aramid tapes market.
4) Analysis of R&D and demand for new technologies and new applications
5) Extensive company profiles of key players in industry.

The researchers have studied the market in depth and have developed important segments such as product type, application and region. Each and every segment and its sub-segments are analyzed based on their market share, growth prospects and CAGR. Each market segment offers in-depth, both qualitative and quantitative information on market outlook.

Market Segmentation:

By Type:
o Para-aramid Adhesive Tapes
o Meta-aramid Adhesive Tapes
o Others

By Application:
o Optical Fibers
o Rubber Reinforcement
o Tire Reinforcement
o Electrical Insulation
o Others

By End-Use Industry:
o Aerospace & Defense
o Protection Equipment
o Automotive
o Electrical & Electronics

By Region:

North America
o By Country (US, Canada, Mexico)
o By Type
o By Application
o By End-Use Industry

Western Europe:
o By Country (Germany, UK, France, Spain, Rest of Western Europe)
o By Type
o By Application
o By End-Use Industry

Eastern Europe:
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Type
o By Application
o By End-Use Industry

Asia Pacific
o By Country (China, Japan, India, Rest of Asia Pacific)
o By Type
o By Application
o By End-Use Industry

Middle East:
o By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)
o By Type
o By Application
o By End-Use Industry

Rest of the World
o By Region (Latin America, Brazil, Rest of the World)
o By Type
o By Application
o By End-Use Industry

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This release was published on openPR.