Aramid Paper Market

Aramid paper is known as calendared insulating paper. These papers a heat-resistant fiber and synthetic materials. These papers can offer protection against flexibility, heat, mechanical toughness, and resilience. There are two types of aramid paper i.e. para-aramid and meta-aramid papers. Advanced aramid papers are mainly meta-aramid papers that comes in two physical forms as flocs and fibrids. These flocs and fibrids are microscopic binders and short fibers particles. To convert meta-aramid paper-flocs and fibrids in a sheet structure, fourdrinier paper machines are used, High heat pressure is applied on the aramid paper to increase the density of the paper and also to attain a bulk gravity. Aramid papers are used in many industries such as aerospace, elastomers, electrical engineering, specialty papers, and defense. In electrical engineering aramid paper are used in many applications such as armature slot insulation, lead insulators, wire wrap phase insulator, wedges, coil wrapper, bushings, and end laminates. Aramid papers resist acids, fluorocarbon refrigerants, alkalis, silicones, and transformer oils.

COVID-19 Impact Analysis

• Covid-19 has created ripples in the aerospace industry which resulted in a decrease in the number of aircraft deliveries and reduced demand for the aramid paper market.
• Due to the pandemic, the production activities of numerous industries were halted in the first half of 2020. Even after the relaxation of the lockdown in the second half, the market was still affected by the decreased automotive demand. This is attributed to decreased consumer spending which consequently affected the demand for aramid paper in 2020.
• Many industries such as elastomers, electrical engineering, specialty papers were shut down at the time of the  pandemic which decreases the demand for aramid paper.

 Top Impacting Factors

The electronics and electrical industries are growing in developed and developing countries. This will drive the growth of the aramid paper market. Discontinuous and continuous phase of reinforcement and polymer-based matrix that is polymer matrix composites are used in many industries. Poly aramid paper has high strength and stiffness and is used in the discontinuous reinforcement phase of polymer matrix composite. In many industries such as aerospace and defense, the demand for these composites is increasing which increases the demand for aramid paper. The elastomeric industry is expanding in the world. The utilization of aramid paper in the elastomer industry is in many applications like power transmission belts, tires, and conveyor belts. The demand is growingfor aramid paper in this industry and will increase the growth of the aramid paper market. In the defense sector, aramid paper is used for protection against helmets vehicles, ballistic weapons, and protective clothing. This will drive the growth of the aramid paper market. Also, the usage of aramid papers in the industries such as electronics, automotive and telecommunication, will increase the demand for aramid paper and will boost the growth.Demand for aramid paper is increasing in generators, honeycomb materials, motors and dry transformers from the composite industry.

Market Trends

• The demand for aramid paper in the aerospace and defense sector holds a major share in the global market. This will boost the aramid paper market.
• The demand for aramid paper from the electrical and electronics industry is increasing in the Asia-Pacific region. 
• Due to its high strength and stiffness aramid paper is used in the aerospace and defense industry. The expansion of the aerospace and defense industry will boost the growth of the aramid paper market in Asia-Pacific region.
• The manufacturers are using aramid paper in many forms such as sheets and rolls with different widths and thicknesses which depends upon the application.
• To improve product offerings, expand their reach, and gain a competitive edge in the market the key players are focusing on the development of advanced aramid paper.

Key Benefits of the Report

• This study presents the analytical depiction of the aramid paper industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the aramid paper market share.
• The current market is quantitatively analyzed to highlight the aramid paper market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed aramid paper market analysis based on competitive intensity and how the competition will take shape in coming years

Questions Answered in the Aramid Paper Market Report

• Who are the leading market players active in the aramid paper market?
• What current trends will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the market?
• What future projections would help in taking further strategic steps?

 Aramid Paper Market Report Highlights