CHICAGO, March 21, 2023 (GLOBE NEWSWIRE) — The Global Meta-aramid fiber market is expected to reach $2.3 billion by 2027 at a CAGR of 10.6% from $1.4 billion in 2022according to the latest study by MarketsandMarkets™. Meta-aramid fibers offer higher thermal and chemical resistance than para-aramid fibers and have dielectric properties, making them preferred for fireproof clothing and electrical insulation. This fiber is also combined with other high performance fibers for enhanced properties. For example, it can be mixed with materials like wood and carbon to increase its strength.
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Browse Detailed TOC on “Meta Aramid Fiber Market”
246 – Market Data Tables
56 – Numbers
224 pages
List of Major Players in Meta-Aramid Fibers market:
- Teijin Ltd. (Japan)
- DuPont De Numerous Inc. (USA)
- Yantai Tayho Advanced Materials Co.,Ltd. (China)
- Toray Industries, Inc. (Japan)
- Huvis Corporation (South Korea)
- Kermel (France)
- X-FIPER New Material Co.,Ltd. (China)
- Aramid HPM, LLC (USA)
- Shanghai J&S New Materials Co., Ltd. (China)
- Lydall Industrial Filtration (UK)
Drivers, limitations and opportunities in meta-aramid fibers Market:
- Driver: Increasing need for lightweight materials that offer significant emissions reductions in vehicles
- Restrictions: Non-biodegradable properties of meta-aramid fibers
- Challenges: Available alternatives with similar characteristics
- occasions: Advances in manufacturing technology of aramid materials
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Main results of the study:
- “Paper is estimated to be the fastest growing type in the meta-aramid fiber market for the forecast period.”
- “Electrical insulation was the second key application for the meta-aramid fiber market in 2021 in the global market.”
- “Europe is estimated to be the largest region in the meta-aramid fiber market in 2020.”
Based on Type, the Meta-Aramid Fibers Market is…
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