Growth Opportunities in the Global Aramid Paper Market
The future of the global aramid paper market is attractive with opportunities in application segments, including electrical insulation and honeycomb. The global aramid paper market is expected to reach an estimated $637.1 million by 2022 and it is forecast to grow at a CAGR of 5.3% from 2017 to 2022. 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.
Emerging trends, which have a direct impact on the dynamics of the aramid paper industry, include development of cellulose nanofiber aramid paper by using meta aramid fiber and cellulose nanofiber which enhances the tensile index, tear index, and interlayer bonding strength by 2.04 times, 2.36 times and 3 times, respectively.
A total of 82 figures / charts and 39 tables are provided in this 125-page report to help in your business decisions.