Para aramid fiber market report 2024: global trends, opportunities and competitive analysis to 2030 with tejin aramid, dupont, kolon industries, hyosung, & yantai tayho advanced materials dominating

Dublin, june 24, 2024 (globe newswire) -- the "para aramid fiber market trends: trends, opportunities and competitive analysis [2024-2030]" report has been added to researchandmarkets.com's offering. the global para aramid fiber market is expected to reach an estimated $3 billion by 2030 with a cagr of 5% from 2023 to 2030. the future of the para aramid fiber market looks promising with opportunities in the frictional materials, protection, electrical transmission, safety garments, rubber reinforcement, tire reinforcement, and oil and gas industries. the major drivers for this market are increasing usage of para aramid fiber in brake pads, clutches, gaskets, linings, and tires in automotive and the growing demand for protective clothing in defense and industrial sectors.
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