Global Aramid Paper Market to Register 5.3% CAGR to 2022, Expects Lucintel in Its Insightful Report Available at MarketPublishers.com21 Sep 2017 • by Natalie Aster
LONDON – Worldwide, the aramid paper market has a bright future, with opportunities emerging in application areas such as honeycomb and electrical insulation. The world aramid paper market is poised to be worth USD 637.1 million by 2022, and is anticipated to demonstrate a 5.3% CAGR over the projected period. The key factors fuelling the sector’s growth are a hike in the demand for aramid paper in dry-type transformers, generator units, motors and honeycomb materials for the composites sector.
Emerging trends impacting the industry dynamics encompass the development of cellulose nanofiber aramid paper by utilising cellulose nanofiber and meta aramid fiber.
The honeycomb application is expected to post above-average growth through to 2022. Electrical insulation is poised to be the leading market by volume and value and due to its unique blend of outstanding electrical, thermal, dialectical, and mechanical characteristics as against other substitutes like fish, kraft, and ceramic.
Geography-wise, Europe will likely lead the market by volume and value. APAC is anticipated to witness the most rapid growth in the years to come owing to the growth in end-use industry verticals.
The Du Pont, X-FIPER New Material Co., Teijin Aramid, Yantai Tayho Advanced Materials Co., and Shenzhen LongPont are amongst the dominant aramid paper suppliers worldwide.
Insightful research publication “Growth Opportunities in the Global Aramid Paper Market” elaborated by Lucintel gives an all-round assessment of the market on a global scale.
It offers an all-round assessment of the market size and forecast figures for the end-use applications, product types (by value and volume shipment). A detailed regional analysis of the market is included. The report limelights the growth opportunities in various applications and regions of the worldwide aramid paper market. It offers a granular strategic analysis covering M&A, NDP, and competitive landscape. Using Porter’s five forces model the study examines the competitive degree of the industry. The report sheds light on the major drivers and challenges pertaining to the market, evaluates business risks and competitive threats, emerging trends, changing consumer demands, new developments led by the companies. The research includes profiles of the top 5 players, covers their strategic incentives. An all-encompassing overview of the major products is included, too.
More insightful market research reports elaborated by Lucintel are available at publisher’s page at MarketPublishers.com.