Aramid Paper Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
Aramid Paper Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
Report Digest
Aramid papers are a type of synthetic, heat-resistant fibers, which are also referred as calendered insulating paper that can offer protection against open fire, heat, and cuts with its dielectric strength, resilience, mechanical toughness, and flexibility. Manufacturers in the aramid paper market offer two distinct types of aramid papers – para aramid papers and meta aramid papers.
Modern aramid papers are entirely composed of synthetic meta aramid papers, which can be found in two physical forms – fibrids and flocs – which are microscopic binder particles and short fibers, respectively. Then, to convert meta aramid papers – Fibrids and flocs – in to a sheet structure, a machine called Foundrinier paper machine is used and high pressure and heat are applied to the end-product to increase its density and attain a specific bulk gravity of the aramid paper, which normally ranges between 0.7 and 1.2.
Manufacturers in the aramid paper market are introducing aramid papers in various forms such as sheets and rolls with various widths and thicknesses, depending on its end-use applications.
Aramid Paper Market – Notable Developments
- DuPont Safety & Construction – a U.S.-based leading player in the aramid paper market – announced in April 2018, that it will be investing over $50 million in the global operations for DuPont™ Kevlar® – its aramid paper product. The company aims to invest more in technology to enhance reliability, quality, and performance of aramid and ultimately, explore innovative applications of aramid paper to gain momentum in the aramid paper market in the upcoming years.
- Coveme S.p.A., another leading player in the aramid paper market, recently launched its new product – Nomex® aramid paper and the company achieved to offer the lifetime of the new aramid paper of over 20,000 hours at 220°C. The company also announced that Nomex® is classified as insulator class C 220°C all major certifying bodies worldwide, including Underwriters Laboratories (file E34739).
- Teijin Limited – a Japanese chemical, pharmaceutical and information technology company and a leading player in the aramid paper market – announced in December 2018 that Technora® black – its flame-retardant para-aramid fiber will be used in a new smart phone launched by Sharp Corporation – a Japanese electronics company.
Some of the most prominent competitors operating in the competitive landscape of global aramid paper market include –
- DuPont
- Shenzhen LongPont
- Coveme S.p.A.
- Teijin Aramid
- SRO
- WJF Chemicals
- Liren Electrical Insulation Materials
- X-FIPER New Material Co. Ltd
- Yantai Tayho Advanced Materials Co. Ltd
Aramid Paper Market Dynamics
Rising Demand for Aramid Paper in the Composites Industry will Complement Growth of the Aramid Paper Market
Polymer matrix composites (PMCs), which are combination of continuous and discontinuous phases of polymer-based matrix and reinforcements, are used across a wide range of industries. Poly aramid papers are the primary components in the discontinuous reinforcement phase on PMCs, which provide them high strength and stiffness. With the increasing demand for composites across wide-ranging industrial sectors, especially in the aerospace industry, is bolstering demand for aramid papers. As the overall composites industry is gaining momentum, owing to the rapidly spreading, industry-wide lightweighting trend, the aramid paper market is expected to witness positive growth in the upcoming years.
Recent Developments in Cellulose Nanofiber Improve Mechanical Properties of Aramid Paper – A Popular Trend in the Aramid Paper Market
With the increasing growth of the aramid paper market, which is primarily attributed to growing demand for composite materials across industry, players in the aramid paper market are focusing on enhancing mechanical characteristics of aramid paper. Leading players in the aramid paper market are investing in R&D to bolster development of aramid paper with superior mechanical strength and stiffness that can provide improved characteristics to composites.
Recent discoveries and developments in cellulose nanofiber are mainly aimed at improving mechanical properties of aramid paper, such as high tensile strength, tensile energy absorption, and interfacial strength. The dipole–dipole coupling interaction or the strong hydrogen bonding between aramid fiber and CNF is helping aramid paper manufacturers to offer high-quality aramid paper, and ultimately gain a competitive edge in the aramid paper market.
Aramid Paper Market Segmentation
Based on the product types, the aramid paper market is segmented into
- Para Aramid Paper
- Meta Aramid Paper
Based on applications, the aramid paper market is segmented into
- Electrical Insulation
- Communication Equipment
- Honeycomb Cores
- Others
The study presents a granular assessment and quantitative evaluation of:
- Key growth factors and prominent trends
- Size and share of key segments in overall market
- Key challenges and winning imperatives
- Factors shaping competitive landscape
- Insights into how contours of market will change in coming years
- Technological advances
- New avenues and imminent investment pockets
- Regulatory landscape shaping current and future strategies of companies
The region-wise assessment includes market dynamics in:
- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.
The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:
- Which key factors will shape the competitive landscape?
- Which trends will stimulate research and development activities in different geographies?
- Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
- Which disruptions in market growth are likely to come with the new business models?
- Which are some of the recent overhauls in policies that may change the course of the market significantly?
- Which are the geographies that will form sizable sources of new streams to new and established players alike?
- How are top players likely to realign their strategy to counter the forces of competition?
- Which key strategies emerging players are likely to focus on to consolidate their position?
- Which changes in end-user preferences might affect the status quo held by the leading players?
- Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?
Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.
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