Aramid papers are lightweight papers which are primarily used in electric insulation, and aerospace applications. These insulation papers have strong performance under high temperature and larger lifetimes. Aramid papers are also being used as the paper of choice in structural materials. These papers offer high strength, high dimensional stability, electrical insulation, high temperature resistance, and flame and corrosion resistance. Owing to their excellent properties, aramid papers are used in various applications across industrial and electrical sectors. Some of the other key areas of application include communication equipment and the use of aramid paper as honeycomb structures in marine or aerospace applications. The global aramid paper market was valued at US$ 691.6 Mn in 2019 and is expected to expand at a CAGR of 5.1% from 2020 to 2030.
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The key factor driving growth of global aramid paper market is the rising demand for aramid paper from the electrical and aerospace industry. With the augmentation and modernization of transmission and distribution networks primarily in emerging economies, the demand for electric insulation materials including aramid paper is further anticipated to increase thereby, leading to an increased demand in the near future. On the contrary, availability of other competing materials that can serve similar purpose at reduced cost may significantly hamper the growth of aramid paper market in the coming years.
The global aramid paper market has been segmented based on type, application, end-user, and geography. Based on types, the global aramid paper market has been segmented into meta-aramid paper, and para-aramid paper. Based on applications, the global aramid paper market has been segmented into electrical insulation, communication equipment, and honeycomb core. By end-user, the market has been segmented into aerospace and high speed trains, boats and ships, transformers, motors, generators, and others. Among various applications, electrical insulation accounted for major share in the global aramid paper market in 2018 and this segment is further expected to remain dominant in the near future expanding at a CAGR of 5.3% from 2020 to 2030. Other application segments are also expected to showcase significant growth thereby boost the demand for aramid paper over the forecast period from 2020 to 2030.
Based on geography, the global aramid paper market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America comprises U.S., Canada and Mexico whereas Europe would primarily cover Germany, France, UK, Italy and Rest of Europe. The key countries included under Asia Pacific are China, Japan, India, Australia, and Rest of Asia Pacific. In South America, Brazil, Argentina, and Rest of South America are the key segments whereas in Middle East & Africa, South Africa and Rest of MEA are the key segments covered in the report. Asia Pacific accounted for the largest market share in the global aramid paper market and is further anticipated to maintain its leading position. Improving electrical infrastructure in countries such as India, China and other Southeast Asian countries has led to the high growth of aramid papers in this region. Europe followed Asia Pacific in terms of market size where both electrical and aerospace industries contributed to the demand. This demand is further anticipated to swell owing to rising usage of aramid papers in honeycomb structures across different applications.
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The global aramid paper market is concentrated with leading manufacturers such as Du Pont having strong hold on the global market. Some of the key manufacturers of aramid papers in the global market include DuPont, Teijin Aramid(Teijin Group), Aramid Hpm, Shenzhen Longpont, SRO Aramid (Jiangsu) Co., Ltd., Yantai Metastar (Tayho) Special Paper Co., Ltd., X-FIPER New Material Co., Ltd., Infantron Singapore, Filmcutter Spa, and Ningbo Suita Filter Material Co., Ltd.
Request for PDF Sample: https://www.insightslice.com/request-sample/247
The key factor driving growth of global aramid paper market is the rising demand for aramid paper from the electrical and aerospace industry. With the augmentation and modernization of transmission and distribution networks primarily in emerging economies, the demand for electric insulation materials including aramid paper is further anticipated to increase thereby, leading to an increased demand in the near future. On the contrary, availability of other competing materials that can serve similar purpose at reduced cost may significantly hamper the growth of aramid paper market in the coming years.
The global aramid paper market has been segmented based on type, application, end-user, and geography. Based on types, the global aramid paper market has been segmented into meta-aramid paper, and para-aramid paper. Based on applications, the global aramid paper market has been segmented into electrical insulation, communication equipment, and honeycomb core. By end-user, the market has been segmented into aerospace and high speed trains, boats and ships, transformers, motors, generators, and others. Among various applications, electrical insulation accounted for major share in the global aramid paper market in 2018 and this segment is further expected to remain dominant in the near future expanding at a CAGR of 5.3% from 2020 to 2030. Other application segments are also expected to showcase significant growth thereby boost the demand for aramid paper over the forecast period from 2020 to 2030.
Based on geography, the global aramid paper market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America comprises U.S., Canada and Mexico whereas Europe would primarily cover Germany, France, UK, Italy and Rest of Europe. The key countries included under Asia Pacific are China, Japan, India, Australia, and Rest of Asia Pacific. In South America, Brazil, Argentina, and Rest of South America are the key segments whereas in Middle East & Africa, South Africa and Rest of MEA are the key segments covered in the report. Asia Pacific accounted for the largest market share in the global aramid paper market and is further anticipated to maintain its leading position. Improving electrical infrastructure in countries such as India, China and other Southeast Asian countries has led to the high growth of aramid papers in this region. Europe followed Asia Pacific in terms of market size where both electrical and aerospace industries contributed to the demand. This demand is further anticipated to swell owing to rising usage of aramid papers in honeycomb structures across different applications.
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The global aramid paper market is concentrated with leading manufacturers such as Du Pont having strong hold on the global market. Some of the key manufacturers of aramid papers in the global market include DuPont, Teijin Aramid(Teijin Group), Aramid Hpm, Shenzhen Longpont, SRO Aramid (Jiangsu) Co., Ltd., Yantai Metastar (Tayho) Special Paper Co., Ltd., X-FIPER New Material Co., Ltd., Infantron Singapore, Filmcutter Spa, and Ningbo Suita Filter Material Co., Ltd.
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