#Polyamide-imide Market

[sports9885]

Polyamide-imide Resin Market, Polyamide-imide Resin Market Share, Polyamide-imide Resin Market Size, Polyamide-imide Resin Market Growth, Polyamide-imide Resin Market Trends, Polyamide-imide Resin Market Players, Polyamide-imide Resin Market Competitors.

Data Bridge Market Research analyses that the polyamide-imide resin market will witness a CAGR of 6.62% for the forecast period of 2021-2028. Rising demand for polyamide-imide resin by the various end user industries such as automotive, aerospace, electrical and electronics, oil and gas and others is the prime cause for the growth of the market. 

[aishavass]

Ongoing replacement of conventional materials from polyamide-imide along with the rising industrialization across developing countries will proliferate the...

[maryharrisk5]

The global Polyamide-imide Resins market size is expected to expand over USD 740 million by 2025.

[stratviewresearch]

Polyamide-imide (PAI) Resin Market 2023 Business Scenario

Stratview Research delivers key insights on the global Polyamide-imide (PAI) Resin Market.

The report also covers the Covid impact on the market. Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2021 and an uptrend is witnessed from 2022.

Get a free sample report here:

Market Insights

The Polyamide-imide (PAI) Resin Market was accounted for US$ 730.4 Mn in terms of value in 2021 and is expected to grow at CAGR of 9.0% for the period 2022-2028.

Profiling Key Companies –

Solvay S.A.

Toray Industries, Inc.

Allnex Netherlands B.V.

Toyobo Co Ltd.

Elantas

Huntsman Corporation

Innotek Technology Limited

SHOWA DENKO K.K.

Growth drivers and Market Value:

This report, from Stratview Research, studies the Polyamide-imide (PAI) Resin Market value and growth drivers over the trend period of 2022-27. According to the report -

PAI resin is the high-performing melt-processable amorphous thermoplastic that offers exceptional mechanical and chemical properties at continuously elevated temperatures of as high as 500o F. The resin is generally polymerized either with aromatic diamine and aromatic acid chloride anhydride (acid chloride route) or with aromatic diisocyanate and anhydride (Diisocyanate route). Currently, PAI resins account for less than 5% (volume basis) of the total high-performance thermoplastics market and less than 1% of the overall thermoplastics market.

On a pre-COVID scenario, the PAI resin market was likely to create a healthy growth opportunity across industry verticals; however, the widespread of COVID-19 across the world has shattered the market hopes in an unprecedented manner. After logging a massive plunge in the demand for PAI resins in the short-term, the market is estimated to rebound quickly, well supported by strong industry fundamentals. An expected recovery in automotive and aircraft production; increasing semiconductor and PCBs market; superior benefits of PAI such as high strength at elevated temperatures, exceptional creep, wear, and chemical resistance over competing thermoplastics and metals; and increasing penetration of high-performance thermoplastics including PAI resin are some key factors that may help to bring back the market charm in the long-term scenario.

Segment Analysis:

Based on Product Type:

Stratview Research has firstly segmented the PAI resin market based on the product type as molding resin and coating/binder. Molding resin is further segmented into grade type as high-strength PAI and wear-resistant PAI. Concurrently, the molding resin is also broken into process type as extrusion, injection molding, and compression molding. Molding resins lead the total market with a mammoth share. Wear-resistant PAI resin captures a large chunk of the pie. Coating/binder resins typically have solvent content and are formulated into liquid thermoset resin form, being used extensively in electrical & electronics; cookware and home appliances coatings; and to some extent on automotive and industrial coatings or binder applications

Based on Region:

In terms of regions, North America is estimated to maintain its irrefutable lead in the global PAI resin market over the next five years. The region has the highest penetration of high-performance thermoplastics including PAI resins. The USA is the powerhouse of the market in the region. Asia-Pacific is the largest market for engineered or standard thermoplastics but has a low penetration of high-performance thermoplastics. The emergence of well-known molders for PAI resins in the region is likely to spur the growth of the region’s market in the foreseen future.

Know more about the report, click here

Covid Impact

This informative research report also includes the most recent global events concerning the coronavirus pandemic. The report provides a detailed analysis of the pandemic's impact and the industry's economic scenario. The report consists of tables, graphs, charts, figures, and diagrams, that are used to graphically represent important statistical information.

Appropriate market trend and forecast analysis.

All-inclusive report

Decent price-performance ratio

Reliable data

Attractive market segments and associated growth opportunities.

Custom Research:

Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please connect with our experts at +1-313-307-4176.

𝗔𝗯𝗼𝘂𝘁 𝗨𝘀:- Stratview Research is a global market intelligence and consulting organization that provides market research reports, customized reports, and consulting services. We are also committed to playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients. Get in touch with us at: ( https://www.stratviewresearch.com/contact )

[communicationblogs]

Aerospace And Defense Materials Market — Industry Analysis, Market Size, Share, Trends, Growth And Forecast 2024–2030

The report “Aerospace and Defense Materials Market– Forecast (2024–2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the Aerospace and Defense Materials market. By Product Forms: Round Products (Bar, Rod, Pipe, Others), Flat Products (Slab, Plat, Sheet, Others), Net-shaped products (Forging, Near-net-shaped powdered products, Machined components) By Material: Metals & Alloys (Aluminum, Titanium alloys, Nickel-based alloys, Steels, Superalloys, Tungsten, Niobium, Others), Composites, Plastics, (Polyetheretherketone (PEEK), Polyamide-imide (PAI), Others), Others By Application: Airframe, Cabin interior, Propulsion, Aero Engine, Naval System, Weapons, Navigation and sensors, Satellites, and Others. By End-use Industry: Aircrafts (Wide Body Aircrafts, Single Aisle Aircrafts, Regional Transport Aircrafts), Rotorcrafts, Spacecrafts, Others. By Geography: North America, South America, Europe, Asia-Pacific, RoW

Request Sample

Key Takeaways

Innovation in the realm of aerospace and defense materials is being fueled by ongoing advancements in materials science and engineering. The development of stronger, more resilient, and lighter materials such as improved composites and alloys is made possible by these breakthroughs. These materials are essential for increasing performance, reducing fuel consumption, and extending the life of defense and aerospace systems. For instance, the use of carbon fiber-reinforced polymers (CFRP) in airplane components has significantly reduced weight without sacrificing structural integrity, saving fuel and improving performance. The fabrication of complicated geometries and bespoke components is made possible by developments in additive manufacturing techniques, which further expand the capabilities of materials used in aerospace and defense.

Several nations’ governments are making significant investments in R&D projects to create cutting-edge defense and aerospace technologies. For instance, as per the International Trade Administration, Canada has aerospace sector spent more than C$680 million (about $523 million) on research and development in 2022, making it more than 2.3 times more intensive than the industrial average. For the first C$2 million (about $1.55 million) in eligible R&D expenses, the Canadian government offers complete write-offs of R&D capital and equipment. This encourages businesses in the Canadian sector to maintain an advantage over rivals worldwide.

Inquiry Before Buying

As per the Indian Brand Equity Foundation, with approximately $223 billion in planned capital expenditures for aerospace and defense over the next ten years and a projected $130 billion investment over the medium term, the Indian defense sector is among the biggest and most lucrative in the world. This will contribute to an expansion in the market for aerospace and defense materials.

By Product Forms — Segment Analysis Flat Products dominated the Aerospace and defense materials market in 2023. Advanced high-strength steel alloys and aluminum are examples of flat products that combine strength and lightweight. For aerospace applications, where a lighter aircraft can result in significant fuel savings and increased efficiency, this weight reduction is essential. For instance, in October 2023, GKN Aerospace and IperionX, a titanium developer located in North Carolina, joined to supply titanium plate test components that are produced using powder metallurgy and titanium angular powder processes. The main goal of this collaboration is to manufacture high-performance titanium plates for testing purposes at GKN Aerospace. It ends with the possibility of future cooperation between GKN Aerospace and IperionX, especially for projects related to the Department of Defense (DoD) in the United States.

Schedule a Call

Slabs provide industrial flexibility since they can be further processed to create a variety of products, including plates, sheets, strips, and structural elements. Because of the material’s adaptability, aerospace and defense companies can create a vast array of parts and structures and tailor them to match particular design specifications. For structural elements including fuselage skins, wing panels, bulkheads, floor beams, and armor plating, slabs are widely employed in aerospace and defense applications. For the structural loads, vibrations, and difficult operating conditions found in aerospace and defense settings, slabs offer the strength, stiffness, and longevity needed.

By Material — Segment Analysis Metals & Alloys dominated the aerospace and defense materials market in 2023. The aerospace industry relies heavily on various metals due to their unique properties. To safely interact with and complement the new composite materials that are rapidly taking over the aerospace industry. Metal alloys like titanium and nickel-based superalloys are replacing aluminum structures in applications requiring extraordinarily high strength-to-weight ratios. The demand for Superalloys based on nickel, cobalt, and iron is also increasing which makes them perfect for hot applications in jet engines. For example, in June 2023, ATI Allvac, which manufactures nickel-base and cobalt-base superalloys, titanium-base alloys, and specialty steels for the aerospace industry, said that it had received an estimated $1.2 billion in new sales commitments from major aerospace and defense industries. For instance, in October 2023, Novelis, a global leader in aluminum rolling and recycling and a top supplier of sustainable aluminum solutions, announced that it had extended its agreement with Airbus. This agreement strengthens Novelis’s long-standing relationship with Airbus and highlights the company’s leadership position in supplying cutting-edge aluminum products and services to the commercial aircraft sector. In October 2022, Mishra Dhatu Nigam Limited (MIDHANI) and Boeing India announced a collaboration to create raw materials for the aerospace industry. MIDHANI is a state-owned steel component, superalloy, and other material provider.

Buy Now

By Application — Segment Analysis Cabin interior dominated the aerospace and defense materials market in 2023. Adoption of new technologies, such as additive manufacturing, has the potential to transform supply chains and product design, driving higher demand for materials used in cabin interiors.  For example, in February 2023, Chromatic 3D Materials, a 3D-printing technology enterprise, announced that their thermoset polyurethanes passed 14 CFR vertical burn tests, demonstrating anti-flammability norms for airworthiness. The successful examination indicates that the abrasion-resistant materials can be used to 3D-print a wide range of airline parts, including elastomeric components for stowage compartments and ornamental panels, as well as ductwork, cargo liners, fabric sealing, and other applications.  There has been an increase in demand lately for business jets and older aircraft to be repaired and renovated. For instance, in November 2022, Emirates invested $2 bn and began its huge 2-year refurbishment program with the first of 120 aircraft slated for a full cabin interior upgrade and the installation of the airline’s most recent Premium Economy seats. Similarly, refurbishment activities are expected to strengthen the market throughout the forecast period.

By End-use Industry- Segment Analysis Aircrafts dominated the aerospace and defense materials market in 2023. There is a growing usage of high-performance materials in commercial aircraft applications. for example, Boeing estimates that the airline industry will need more than 44,000 new commercial aircraft by 2038, with a total estimated value of $6.8 trillion. All these aircraft employ composite materials. Aircraft manufacturers are producing new commercial, military, and general aviation aircraft models, which necessitate the use of modern materials with higher performance and lower weight. As a result, the emphasis is shifting toward newer material technologies such as composites. Also, wide-body jet engines have undergone significant transformations in recent years, due to the development of turbofan engines and the use of fuel-efficient techniques. These transformations are expected to increase the market growth.

By Geography — Segment Analysis North America dominated the aerospace and defense materials market in 2023. In terms of aerospace and defense technologies, the United States and Canada are at the forefront. New, high-performance materials utilized in these industries are developed as a result of ongoing discoveries and developments in materials science. The defense budget of the United States is among the highest in the world. High levels of government investment in defense raise the need for cutting-edge materials for use in aircraft, military hardware, and other defense systems. For instance, as per the International Trade Administration, Canada has aerospace sector spent more than C$680 million (about $523 million) on research and development in 2022, making it more than 2.3 times more intensive than the industrial average. For the first C$2 million (about $1.55 million) in eligible R&D expenses, the Canadian government offers complete write-offs of R&D capital and equipment. This encourages businesses in the Canadian sector to maintain an advantage over rivals worldwide. On 11 December 2023, The Department of Defense’s (DoD) Industrial Base Analysis and Sustainment (IBAS) Program and the Institute for Advanced Composites Manufacturing Innovation® (IACMI) announced a national initiative to help meet critical defense needs in the casting and forging industry for the United States. Curriculum creation for a series of stackable training opportunities in the metals industry, with an emphasis on the development of trades and engineering workers, is currently underway as part of the multi-year agreement between DoD and IACMI.

Drivers — Aerospace and Defense Materials Market • The Growing Demand for Lightweight and High-strength Materials The growing need for lightweight and high-strength materials is driving substantial growth in the global aerospace and defense materials market. Due to their high strength-to-weight ratios, lightweight materials like carbon fiber composites, titanium alloys, and advanced polymers are in high demand by the aerospace and defense industries. These materials not only reduce aircraft weight but also improve structural integrity, which lowers operating costs and fuel efficiency.  High-strength and lightweight materials have always been essential to building aircraft that are both fuel-efficient and highly effective. aluminum is a major material used to make aircraft. Aluminum was utilized in the production of several aircraft components, including the fuselage and other primary engine sections since it was lightweight, affordable, and easily accessible. Since then, innovative materials have been used to improve aircraft design, including composites (made of carbon and glass fiber, polymeric and epoxy resins) and metals (titanium, steel, new AI alloys). For instance, on 23 October 2023, The U.S. Department of Commerce’s Economic Development Administration (EDA) under the Biden-Harris administration selected the American Aerospace Materials Manufacturing Center as one of the 31 first Tech Hubs nationwide. About 50 public and private partners are brought together by Gonzaga University’s AAMMC Tech Hub to foster innovation and development manufacturing of composite materials for the next generation of lightweight, environmentally friendly aircraft. For instance, in 2020, NASA engineers have created novel materials that can be utilized to create better aircraft engines and related system elements. Silicon Carbide (SiC) Fiber-Reinforced SiC Ceramic Matrix Composites (SiC/SiC CMCs) are one of these materials. For high-performance machinery, such as aircraft engines, that must run for lengthy periods under harsh conditions, this lightweight, reusable fiber material is perfect. In between maintenance cycles, SiC fibers are robust enough to endure months or even years, and they can tolerate temperatures as high as 2,700 degrees Fahrenheit.

• The Global Civil Aviation Industry is Expanding Rapidly The global civil aviation industry’s explosive expansion is one of the key factors propelling the aerospace and defense materials market. The aerospace and defense materials industry’s demand for materials is heavily influenced by several interrelated factors, all of which contribute to its rise The rise in air travel worldwide, which is being driven by urbanization and increased disposable incomes, is one of the main factors. The increased demand for commercial air travel as a result has forced airlines to modernize and grow their fleets. The pressure on aerospace manufacturers to make sophisticated, lightweight, and fuel-efficient aircraft is pushing the development of advanced alloys, lightweight composites, and high-performance materials that promote environmental sustainability and passenger safety. For instance, the aviation industry is and will continue to expand rapidly. The International Civil Aviation Organization’s most recent projections indicate that throughout the next 20 years, the demand for air travel will rise by an average of 4.3% per year. For instance, according to the IBEF, India is the third-biggest domestic air travel market globally. By 2024, the domestic aviation market in India is expected to grow to $30 billion, ranking third globally. The aviation industry has benefited from an increase in the proportion of middle-class households, fierce rivalry among low-cost carriers, considerable airport infrastructure investment, and a favorable political climate.

Market Landscape Technology launches and R&D activities are key strategies adopted by players in the Aerospace and Defense Materials market. In 2023, the Aerospace and Defense Materials market share has been consolidated by the major players accounting for 80% of the share. Major players in the Aerospace and Defense Materials are Alcoa Corporation, Novelis Inc., Thyssenkrupp Aerospace, Toray Industries Inc., Mitsubishi Chemical Group, Teijin Limited, Hexcel, Allegheny Technologies, Constellium, Solvay S.A., Formosa, SGL Group, Kobe Steel Ltd., among others.

Developments:

In October 2023, Novelis and Airbus inked a contract to continue their cooperation. The deal strengthens Novelis and Airbus’s long-standing cooperation and highlights the company’s leadership in developing cutting-edge aluminum goods and solutions for the commercial aircraft sector.

In June 2023, as a strategic partner of Spirit’s Aerospace Innovation Centre (AIC) in Prestwick, Scotland, Solvay and Spirit AeroSystems (Europe) Limited have deepened their partnership. Together with Spirit’s academic, industrial, and supply-chain partners, the AIC fosters cooperative research into environmentally friendly aircraft technology and procedures.

In June 2022, Sikorsky granted Hexcel Corporation a long-term contract to supply cutting-edge composite structures for the CH-53K King Stallion heavy lift helicopter. This funding has significantly increased the Hexcel composite composition of the airplane.

For more Chemicals and Materials Market reports, please click here

[chemanalystdata]

From Production Process to Industrial Applications: A Deep Dive into Epoxy Resin (2023–2034)

 Epoxy Resin, often perceived as a complex scientific compound, is surprisingly versatile, finding applications. This blog serves as your comprehensive guide to all things epoxies! In this blog we'll embark on a journey into the captivating realm of epoxy resin, dwelling into:

The Science: Unveiling the chemistry behind epoxy, we'll elucidate its remarkable properties as a potent adhesive, sealant, and casting material.

Industrial Applications: Exploring the extensive industrial uses of epoxy, we'll examine its role in constructing robust composite materials and safeguarding electrical components.

Manufacturing Process: Get super detailed information about the process that leads into the formation of this resin and gain knowledge about the feedstock used for its production.

Introduction

Epoxy Resin is a versatile synthetic polymer valued for its exceptional adhesive, mechanical, and electrical properties. Its widespread applications include serving as adhesives in construction, woodworking, and manufacturing industries due to its robust bonding capabilities and resistance to environmental factors like moisture, chemicals, and temperature fluctuations. Moreover, epoxy resin finds extensive use in coatings and sealants, providing corrosion and abrasion resistance in diverse sectors such as flooring, automotive, marine, and aerospace. It is also a crucial component in composite materials, contributing to the production of strong yet lightweight structures in aerospace, automotive, sports equipment, and construction. Additionally, its low viscosity makes it suitable for molding and casting various objects, prototypes, and architectural elements, allowing for precise reproduction of fine details in sculptures and models.

These versatile properties make epoxy resin indispensable across industries, driving innovation and enabling the creation of durable, high-performance products. Various types of epoxy resins are utilized across different sectors. These resins are Bisphenol A Based Resin, Bisphenol F Based Resin, Epoxy Phenol Novolac Based Resin, Cycloaliphatic Epoxy Based Resin, and Others. Bisphenol A Based Resin finds extensive use across diverse applications, spanning coatings, civil engineering, adhesives, electrical insulation materials, and reactive intermediates. The global Epoxy Resin market is likely to flourish at a moderate CAGR of 4.11% by the year 2034.

Manufacturing Process

Epoxy resins exhibit high viscosity levels and are typically molded. Catalysts or curing agents, such as accelerators or hardeners, can facilitate curing either through catalytic action or direct reaction with the resin. Epoxy resins are typically created through the reaction of compounds containing at least two active hydrogen atoms, including polyphenolic compounds, diamines, amino phenols, heterocyclic imides and amides, and aliphatic diols, with epichlorohydrin. The oxirane group within an epoxy monomer reacts with various curing agents such as aliphatic and aromatic amines, phenols, polyamides, amidoamines, anhydrides, thiols, and acids. These reactions lead to the formation of rigid thermosetting products through the combination with other suitable ring-opening compounds.

Epoxy resins are commonly synthesized through a reaction between epichlorohydrin (ECH) and Bisphenol-A (BPA), although alternative raw materials like Aliphatic Glycols, Phenol, And O-Cresol Novolacs. Initially, ECH and BPA are introduced into a reactor, followed by the addition of a caustic soda solution as the mixture reaches its boiling point. After unreacted ECH evaporates, the resulting phases are separated using an inert solvent such as Methyl Isobutyl Ketone (MIBK). Subsequently, the resin undergoes water washing, and solvent removal is accomplished via vacuum distillation. Producers then incorporate specific additives tailored to desired properties such as flexibility, viscosity, color, adhesiveness, and accelerated curing, depending on intended applications. These resins can be obtained in liquid or solid forms through similar processes. To transform epoxy resins into durable and rigid materials, curing with a hardener is an essential step. Primary and secondary amines are commonly employed as curing agents. 

Maximize image

Edit image

Delete image

Source: VALCO

Applications of Epoxy Resin:

Paints & Coatings

Due to their exceptional bonding properties with metals, epoxy resins and amine curing agents exhibit outstanding anticorrosion characteristics when incorporated into coatings. When utilizing high molecular weight variants, these coatings display excellent secondary workability, rendering them ideal as PCM primers. Additionally, epoxy resins offer a diverse range of viscosities, spanning from solventless to solvent-based types, making them well-suited as ink components where viscosity attributes play a crucial role.

Adhesives

Epoxy resin is widely utilized as an adhesive due to its robust properties, particularly in structural and engineering applications. Its versatility extends across various industries, including vehicle construction, snowboard manufacturing, aircraft assembly, and bicycle production. Beyond structural uses, epoxy adhesives find application in virtually any scenario.

Electronics and Electrical Systems

Epoxy resins are integral to manufacture insulators, motors, transformers, and generators. Renowned for its exceptional insulating properties, epoxy resin provides effective safeguarding against dust, moisture, and short circuits, making it a prominent choice for circuitry production as well.

Repair Epoxy resins effectively blend with a range of materials such as latex, wood, metal, and various synthetic substances. Applying epoxy resin to delicate objects results in the formation of a thin, secure barrier that remains tightly adhered over extended periods, ensuring lasting stability and protection.

Market Outlook:

Epoxy resin, a thermosetting copolymer formed by the polymerization of epoxide and other monomers with hydroxyl groups, comprises a monomeric resin, accelerator, hardener, and plasticizer. Possessing corrosion resistance, thermal stability, mechanical strength, chemical resistance, durability, and adhesion, epoxy resins are utilized in paints, coatings, adhesives, composites, and electronic encapsulation across various sectors. Their applications span building and construction, automotive, industrial, and consumer goods and are likely to foster market growth. The global Epoxy Resin market is anticipated to reach approximately 6.2 million tonnes by 2034.

Epoxy Resin Major Manufacturers

Significant companies in the Global Epoxy Resin market are Olin Coporation, Huntsman Corporation, Nan Ya Plastics Co Ltd, Jiangsu Sanmu Group, Hexion Inc., Kumho P&B Chemicals, Nantong Xincheng Synthetic Material Co Ltd, Zhuhai Hongchang Electronic Material Co Ltd, Jiangsu Yangnong Kumho Chemical Co., Ltd., Kukdo Chemical Co., Ltd., Sinopec Baling Petrochemical Co., Ltd, and Others.

Challenges and Opportunities

The epoxy resin market faces several challenges, including environmental concerns regarding the production and disposal of epoxy resins, particularly due to the presence of harmful chemicals and potential emissions during manufacturing processes. Additionally, fluctuating raw material prices, such as those for bisphenol-A (BPA) and epichlorohydrin, can impact production costs and profit margins for epoxy resin manufacturers. Moreover, increasing regulatory scrutiny and stringent environmental regulations may require epoxy resin producers to invest in sustainable manufacturing practices and develop eco-friendly alternatives, which could pose challenges in terms of research and development costs and market adoption. Furthermore, competition from alternative materials and substitutes, such as bio-based resins and advanced polymers, presents a challenge for the epoxy resin market, necessitating innovation and differentiation to maintain market share and competitiveness.

Conclusion:

In conclusion, the Epoxy Resin market is poised for continued growth and evolution despite facing various challenges. PVC remains a widely used and versatile material with applications spanning across multiple industries, including construction, automotive, healthcare, and packaging. Epoxy resins have several key properties: high strength, minimal shrinkage, superb adhesion to diverse substrates, effective electrical insulation, resilience against chemicals and solvents, and affordability.

[spookysaladchaos]

Aramid Paper, Global Market Size Forecast, Top 5 Players Rank and Market Share

Aramid Paper Market Summary

According to the new market research report “Global Aramid Paper Market Report 2023-2029”, published by QYResearch, the global Aramid Paper market size is projected to reach USD 1.16 billion by 2029, at a CAGR of 8.9% during the forecast period.

Figure.   Global Aramid Paper Market Size (US$ Million), 2018-2029

Above data is based on report from QYResearch: Global Aramid Paper Market Report 2023-2029 (published in 2023). If you need the latest data, plaese contact QYResearch.

Figure.   Global Aramid Paper Top 5 Players Ranking and Market Share (Ranking is based on the revenue of 2022, continually updated)

Above data is based on report from QYResearch: Global Aramid Paper Market Report 2023-2029 (published in 2023). If you need the latest data, plaese contact QYResearch.

According to QYResearch Top Players Research Center, the global key manufacturers of Aramid Paper include Dupont, Metastar, X-FIPER, LongPont, Zhuzhou Times New Material Technology, etc. In 2022, the global top five players had a share approximately 99.0% in terms of revenue.

Figure.   Aramid Paper, Global Market Size, Split by Product Segment

Based on or includes research from QYResearch: Global Aramid Paper Market Report 2023-2029.

In terms of product type, currently Meta-Aramid Paper is the largest segment, hold a share of 84.6%.

Figure.   Aramid Paper, Global Market Size, Split by Application Segment

Based on or includes research from QYResearch: Global Aramid Paper Market Report 2023-2029.

In terms of product application, currently Electrical Insulation is the largest segment, hold a share of 72.3%.

Figure.   Aramid Paper, Global Market Size, Split by Region

Based on or includes research from QYResearch: Global Aramid Paper Market Report 2023-2029.

Aramid Paper Market Drivers:

The aramid paper market is driven by several factors, with one key driver being the increasing demand for lightweight and high-strength materials in various industries. Aramid paper, known for its exceptional strength-to-weight ratio and resistance to heat, chemicals, and wear, finds applications in aerospace, automotive, electrical insulation, and other high-performance sectors. The growing emphasis on fuel efficiency in automotive and aerospace industries, coupled with the need for advanced materials in electrical insulation, propels the demand for aramid paper. Additionally, the expanding use of aramid paper in protective clothing, such as flame-resistant suits, contributes to its market growth, particularly in industries prioritizing worker safety.

Aramid Paper Market Restraint:

A significant restraint in the aramid paper market is the high manufacturing cost associated with aramid fibers, which are the primary raw material for aramid paper. Aramid fibers, such as those derived from polyamide-imide (PAI) or poly(p-phenylene terephthalamide) (PPTA), involve complex production processes and specialized equipment, contributing to elevated manufacturing expenses. The cost factor may limit the widespread adoption of aramid paper, particularly in price-sensitive applications or industries. Overcoming this cost challenge and optimizing production processes could be crucial for addressing this restraint and enhancing the competitiveness of aramid paper in various markets.

Aramid Paper Market Opportunity:

An opportunity in the aramid paper market lies in the growing demand for sustainable and eco-friendly materials. Aramid paper, with its recyclability and potential for reduced environmental impact compared to some alternative materials, aligns with the increasing focus on sustainability in various industries. Manufacturers have the opportunity to explore and promote the eco-friendly aspects of aramid paper, positioning it as a greener choice for applications where durability, strength, and resistance properties are essential. Additionally, the continuous innovation in aramid paper formulations and the development of new applications, such as in renewable energy and electric vehicles, present avenues for market expansion and increased adoption of aramid paper in emerging industries.

About The Authors

Yang Min - Lead Author

Email: yangmin@qyresearch.com

Yang Min is a market senior analyst specializing in chemical materials. Yangmin has 8 years’ experience in chemical materials market analysis, and focuses on chemical materials and API. He engaged in the development of technology and market reports and is also involved in custom projects.

About QYResearch

QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.

QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.

[aishavass]

Ongoing replacement of conventional materials from polyamide-imide along with the rising industrialization across developing countries will proliferate the...