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Aramid Paper Market Trends and Forecast

The future of the global aramid paper intermediate material market looks promising with opportunities in electrical insulation and honeycomb application. The aramid paper market is expected to reach an estimated $739 million by 2030 with a CAGR of 4% from 2023 to 2030. 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.
  • Meta aramid paper is expected to remain the largest market by value and volume and it is also expected to witness highest growth over the forecast period due to its attractive properties of inherent dielectric strength, mechanical toughness, thermal stability, chemical compatibility, cryogenic capabilities, radiation, and flame resistance.
  • Europe is expected to remain the largest market and due to the increasing growth in the end uses. APAC is expected to witness the highest growth over the forecast period.