Lucintel Forecasts The Global Para Aramid Fiber Market To Reach $3 Billion By 2030

By Author: Lucintel LLC
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According to the recent study the global para aramid fiber market is projected to reach an estimated $3 billion by 2030 from $2 billion in 2023 at a CAGR of 5% from 2023 to 2030. 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 115 figures/charts and 112 tables in this 200-page report to understand trends, opportunities and forecast in global 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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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.
North America is expected to remain the largest region over the forecast period due to the protective clothing segment is driven by strict regulation for employee health and safety and also it is expected to witness highest growth over the forecast period.
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.
Tejin Aramid, DuPont, Kolon Industries, Hyosung Corporation, Yantai Tayho Advanced Materials Co. Ltd. are the major supplier 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.
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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