According to the recent study the para aramid fiber market is projected to reach an estimated $3.2 billion by 2025 from $2.6 billion in 2019, at a CAGR of 3.2% from 2020 to 2025. 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 112 figures / charts and 115 tables in this 191 -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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“Filament yarn market is expected to remain the largest segment during the forecast period.”

Based on product type, the para aramid fiber market is segmented into filament yarn, short fibers, pulp. Lucintel forecasts that the filament yarn market is expected to remain the largest segment and it is also expected to witness the highest growth over the forecast period due to the increasing demand for protective clothing in the military and stringent regulations in Europe and North America regarding employee health and safety.

“Within the para aramid fiber market, the frictional materials segment is expected to remain the largest application”

Based on application, the frictional materials segment is expected to witness the largest segment over the forecast period due to growing penetration of para aramid fiber in brake pads and gasket as an alternative material to asbestos in automotive industry and optical fiber is expected to witness the highest growth over the forecast period due to increasing demand for high bandwidth fiber optic cables for data services and communication.

“Europe will dominate the para aramid fiber market in near future”

Europe will remain the largest region and it is also expected to witness the highest growth over the forecast period due to increasing automotive production, growth in aerospace industry, and stringent government regulation on industrial safety and protection.

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Major players of para aramid fiber market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Teijin Aramid, DowDuPont, Kolon Industries Inc. Hyosung Corporation, Yantai Tayho Advanced Materials Co. Ltd are among the major para aramid fiber providers.

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 click on this link https://www.lucintel.com/para-aramid-fiber-market.aspx or helpdesk@lucintel.com

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. For further information, visit www.lucintel.com

 

Contact:

Brandon Fitzgerald

Lucintel

Dallas, Texas, USA

Email: brandon.fitzgerald@lucintel.com

Tel. 972.636.5056

Cell: 303.775.0751

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