Lucintel Forecasts Aramid Paper Market to Reach $0.6 Billion by 2026

Market-Research

According to the recent study the aramid paper market is projected to reach an estimated $0.6 billion by 2026 from $0.5 billion in 2020, at a CAGR of 4.9% from 2020 to 2026. Growth in this market is primarily driven by increasing demand for aramid paper in dry transformers, generators, motors and honeycomb materials for the composites industry.

Browse 70 figures / charts and 54 tables in this 113 -page report to understand trends, opportunities and forecast in aramid paper market by application (electrical insulation, honeycomb, and others), product type (meta aramid paper and para aramid paper), and region (North America, Europe, Asia Pacific, and Rest of the World).

Download sample report and view detailed Table of Content by clicking on below link https://www.lucintel.com/aramid-paper-market.aspx

“Meta aramid paper market is expected to remain the largest segment during the forecast period.”

Based on product type, the aramid paper market is segmented into meta aramid paper and para aramid paper. Lucintel forecasts that the meta aramid paper market is expected to remain the largest segment and it is expected to witness the highest growth over the forecast period due to its attractive properties of inherent dielectric strength, mechanical toughness, thermal stability, chemical compatibility, cryogenic capabilities, radiation, and flame resistance.

“Within the aramid paper market, the electrical insulation segment is expected to remain the largest application”

Based on application, the electrical insulation segment is expected to witness the largest coating over the forecast period because of its unique combination of excellent electrical, dialectical, thermal, and mechanical properties than other substitutes such as fish, ceramic, and kraft paper and honeycomb is expected to witness highest growth over the forecast period.

“Europe will dominate the aramid paper market in near future”

Europe is expected to be the largest region over the forecast period due to the increasing growth in the end use industries and APAC is expected to witness the highest growth over the forecast period.

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Major players of aramid paper 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. DuPont, Teijin, Yantai Tayho, Shenzhen LongPont, and X-FIPERs are among the major aramid paper 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/aramid-paper-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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