According to a market report by Lucintel, the future of the para aramid fiber material market looks promising with opportunities in the frictional materials, protection, electrical transmission, safety garments, rubber reinforcement, tire reinforcement, and oil and gas applications. The global para aramid fiber market is expected to reach an estimated $4 billion by 2035 with a CAGR of 4% from 2025 to 2035. The major drivers for this market are 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.
A more than 150-page report to understand trends, opportunity and forecast in para aramid fiber market to 2035 by application (frictional materials, protection, electrical transmission, safety, rubber reinforcement, tire reinforcement, oil and gas, and others), product (filament yarn, short fibers, pulp, and others), and region (North America, Europe, Asia Pacific, and ROW).
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.
Filament yarn is expected to remain the largest product segment over the forecast period and also it is expected to witness highest growth over the forecast period.
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North 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.
Teijin, DuPont, Kolon Industries, Hyosung Corporation, Yantai Tayho Advanced Materials Co. Ltd are the major suppliers in the para aramid fiber market.
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Roy Almaguer
Lucintel
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Email: [email protected]
Tel. +1-972-636-5056
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