Aramid Paper Market is Forecasted to Reach US$ 968.6 million in 2028, Says Stratview Research

The global aramid paper market is projected to witness a growth rate of 5.9% annually from 2023 to 2028, with an anticipated size of US$ 968.6 million by 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global aramid paper market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Report Highlights:
Market Size in 2028: US$ 968.6 million
Growth (CAGR): 5.9% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 3
Number of Tables & Graphs: 100+

Segment Insights on the Aramid Paper Market:
The global aramid paper market is segmented based on application type, paper type, and region.

Based on application type - the aramid paper market is segmented into electrical insulation and honeycomb.
Electrical insulation is projected to maintain its position as the larger application type in the market during the forecast period owing to the excellent insulation properties of aramid paper. Electrical industrial equipment, advanced rail transit equipment, new energy vehicles, and wind power generation equipment are key applications of aramid paper for electrical insulation. However, Honeycomb is likely to experience faster growth in the wake of rebounding commercial aircraft deliveries. Also, the aerospace industry's significant emphasis on reducing weight paired with aramid paper's outstanding strength-to-weight ratio is giving an additional push to its demand in the industry.

Based on the paper type - The market is segmented into meta-aramid paper and para-aramid paper.
Meta-Aramid paper is projected to maintain its dominance within the market during the forecast period. With its outstanding properties, such as heat resistance, flame retardancy, and thermal stability, meta-aramid paper becomes well-suited for high-temperature applications like fire-resistant apparel, automotive gaskets, and insulation for electrical components. Para-aramid paper is poised to demonstrate accelerated growth, primarily due to its utilization in aerospace and rail transit applications as a key material for honeycomb core structures.

To know the most attractive segments, visit:
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Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that Asia-Pacific and North America are likely to hold massive chunks of the market in the foreseen future. This growth outlook is majorly attributed to the following-
- The leading aerospace & defense and automotive industries are likely to hugely influence the region's demand in the long term.
- Asia-Pacific is also expected to experience the fastest growth during the forecast period owing to rapid industrialization and economic growth in key countries such as China and India.
- This growth leads to increased demand for aramid papers in various industries, including aerospace, automotive, protective clothing, and electronics.

Aramid Paper Market Drivers:

Some of the key drivers listed in the report are given below.
- Increasing application of honeycomb structures.
- An expected rebound in commercial and regional aircraft deliveries.
- Growing investment in the electrical & electronics industry.
- Increasing application of aramid paper in the wake of their properties, such as excellent electrical insulation, lightweight, high strength, high modulus, strong structural stability, sound insulation, heat insulation, and flame retardancy.

Top Companies in the Aramid Paper Market:
Stratview Research has identified the following companies as the top market players (Based on Dominance).
• DuPont
• Yantai Minshida Special Paper Co., Ltd.
• Zhuzhou Times Fiber Pioneer Material Technology Co., Ltd.
• Chaomeisi New Material Co., Ltd.
• Ganzhou Longpont Material Technology Co., Ltd.

What Unique Insights Does this Report Offer?

This report provides comprehensive insights into the Aramid Paper Market, answering critical questions like:

• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.

This release was published on openPR.