Lucintel’s latest market report analyzed that aramid paper provides attractive opportunities in electrical insulation and honeycomb applications. The aramid paper market is expected to reach $0.6 billion by 2026 with a CAGR of 4.9%. In this market, meta aramid paper is the largest segment by product type, whereas electrical insulation is largest by application. The development of cellulose nanofiber aramid paper provides strategic growth path in this market.
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Based on product type, the aramid paper market is segmented into meta aramid paper and para aramid paper. The meta aramid paper segment accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period due to its attractive properties of inherent dielectric strength, mechanical toughness, thermal stability, chemical compatibility, cryogenic capabilities, radiation, and flame resistance.
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54 – Tables
70 – Figures
113 – Pages
The aramid paper market is marked by the presence of several big and small players. Some of the prominent players offering aramid paper include DuPont, Teijin, Yantai Tayho, Shenzhen LongPont, and X-FIPERs.
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