Aramid refers to an acronym of aromatic polyamide used for available mainly in fibers and paper form. Aramid paper is available as insulation paper and structural materials paper. Aramid paper offers excellent strength, light weight, low deformation, high temperature resistance, electrical insulation and corrosion and flame resistance. This makes these products well suited for various applications across electrical and industrial sectors. Aramid paper is popularly used in electric insulation, communication equipment and honeycomb structures. The aramid paper market is majorly driven by the overall rising aerospace and electrical industry. Due to superior advantage over various other counterparts, aramid paper has found immense adoption in the market over the period of time. Nevertheless, availability of other materials that can serve the purpose with reduced cost may significantly hamper the market growth in the coming years.
Based on applications, the global aramid paper market was segmented into communication equipment, honeycomb core and electrical insulation. Among these, electrical insulation accounted for major share of global aramid paper market in 2020 and is expected to retain its position in the near future. Other applications are also expected to boost high demand for aramid paper during the forecast period from 2021 to 2029. Asia Pacific accounted as the largest market for aramid paper and is expected to retain its position in the near future. Growing demand for aramid paper from the electrical industry in the region has led to high growth of global aramid paper in the market. In addition, superior advantages of aramid paper over other materials is another factor driving the growth of global aramid paper market worldwide. Europe accounted as the second largest market for aramid paper due to growing demand for aramid paper from energy and utility industry. Rising usage of honeycomb structures across different applications is another factor boosting high demand for aramid paper in the global market. Hence, aramid paper is expected to experience high growth during the forecast period from wide range of end-user industries worldwide.
Aramid paper market is expected to reach US$ 808.8 Mn by 2029, growing at a CAGR of 4.7% during the forecast period 2021-2029.
Purpose of the Report
The purpose of this strategic research study titled “Global Aramid paper Market - Growth, Future Prospects, Competitive Analysis and Forecast, 2021 – 2029” is to provide company executives, industry investors, and industry participants with in-depth insights to enable them make informed strategic decisions regarding the opportunities in the global aramid paper market.
Target Audience
USP and Key Offerings
The report titled “Global Aramid paper Market - Growth, Future Prospects, Competitive Analysis and Forecast, 2021 – 2029” offers strategic insights into the global aramid paper market along with the market size and estimates for the duration 2021 to 2029. The said research study covers in-depth analysis of multiple market segments based on applications, and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the leading aramid paper vendors, their expansion strategies, market positioning, and latest developments. Other in-depth analyses provided in the report include:
Overall, the research study provides a holistic view of the global aramid paper market, of growth, offering market size and estimates for the period from 2021 to 2029, keeping in mind the above mentioned factors.
Aramid is generally known as synthetic aromatic polyamide polymer. Aramid paper is manufactured using two forms which include small fibrous binder particles which are known as fibrids which are mixed with short fibers that are known as floc. Aramid paper is also known as an insulation paper which offers high inherent dielectric strength, flexibility, mechanical toughness and resilience. These properties of aramid paper have led to high demand from large number of end-user industries in the market. Among the above stated applications of aramid paper, electrical insulations accounted for major share of globa aramid paper market in 2020 and is expected to increase in the near future. Since 50 years, aramid paper has been used for wide range of electrical application to avoid premature failures. Aramid paper is used as electrical insulation to increase and improve the performance and integrity of their products such as generators, motors, wind turbines, etc. Aramid paper is also used to manufacture wide range of electrical components which are further used in end-user industries in the market. Therefore, high demand is reported for aramid paper from the electric & electronic industries in the market. Other applications such as honeycomb core and communication equipments are also anticipated to boost high demand for aramid paper in the market during the forecast period from 2020 to 2029.
Asia Pacific accounted for major share of global aramid paper market in 2020. The region accounted for more than 42.0% share of global aramid paper market and is expected to increase in the near future. Growing demand from various end-user industries across the globe has led to high demand for aramid paper in the market. Increasing demand from the electrical industries is expected to boost high demand for aramid paper in the region. Aramid paper is used as electrical insulation to increase and improve the performance and integrity of their products such as generators, motors, wind turbines, etc. Aramid paper is also used to manufacture wide range of electrical components which are further used in end-user industries in the market. Hence, high consumption of aramid paper is expected from the Asia Pacific, thereby boosting growth of global aramid paper market. Europe accounted as the second largest market for aramid paper in 2020. High demand from communication equipment sector in the region and from the electronic industry are the major factors driving the growth of global aramid paper in the region. Other regions which include North America, Latin America and Middle East & Africa are also anticipated to fuel high demand for aramid paper in the near future.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Aramid Paper market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
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| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
Application
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
