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Aramid Paper Market Trends and Forecast
The future of the global aramid paper market looks promising with opportunities in electrical insulation and honeycomb application. The global aramid paper market is expected to reach an estimated $814.4 million by 2028 with a CAGR of 5.4% from 2022 to 2028. The major drivers for this market are increase in number of working women, increasing disposable income, and changing climatic conditions. The major drivers for growth in this market are increasing demand for aramid paper in dry transformers, generators, motors and honeycomb materials for the composites industry.