#Meta-AramidFiberMarket

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Meta-Aramid Fiber Market Is Likely to Experience a Tremendous Growth by 2028

The report on the Meta-Aramid Fiber Market published by Stratview Research covers in depth details associated with the Meta-Aramid Fiber Market.

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The Meta-Aramid Fiber Market is likely to witness a CAGR of 8.8% during the forecast period. The prime factors that are driving the Meta-Aramid Fiber Market is its superior thermal conductivity property leading to its wide usage in a wide array of industries.

Key Players

The following are the key players in the Meta-Aramid Fiber Market:

Teijin Ltd.

DuPont de Nemours, Inc.

Yantai Tayho Advanced Materials Co., Ltd.

Huvis Corporation

SRO Aramid, etc.

Growth drivers and Market Value:

This report, from Stratview Research, studies the Meta-Aramid Fiber Market value and growth drivers over the trend period of 2022-27. According to the report -

The unanticipated outburst of COVID-19 caused severe distraught in the market, bringing in irreparable changes in the fundamentals of the business. Stratview Research’s latest estimates suggest that the market is expected to take a deep plunge of -13.5% YoY in 2021. However, unending demand from the least impacted electrical & electronics industry is likely to balance out a portion of the losses suffered in 2021, aiding the market to reach US$ 1.5 billion by 2026. Several other factors insinuating a healthy recovery from 2021 onwards are the expanding electrical and electronics industry, the expected recovery in automotive production, expected rebound in commercial and regional aircraft deliveries, growing military expenditure.

Segment Analysis:

Based on Form Type:

Based on the form type, Stratview Research has segmented the market as paper, staple fiber, and filament. In terms of both value and volume, the paper is likely to maintain its dominance over the next five years with key applications in electrical insulation and honeycomb paper. The filament is another attractive segment with prime applications in protective fabrics and filtration. Meta-aramid’s high resistance to heat makes it the preferred material for electrical insulation, protective gear, and heat shields in vehicles.

Based on Region:

All regions’ markets are expected to be shaken by the pandemic, suffering grave downturns in 2021. Despite being the worst-hit regions, North America and Europe to hold the major shares of the market till 2026. On the other hand, Asia-Pacific is expected to show early signs of recovery, growing at the highest rate during 2021-2026. India preparing to restructure policies to welcome companies willing to move away from China amid the pandemic. China and India are expected to remain the growth engines of the market till 2026.

Critical Questions Answered in the Report

What are the key trends in the Meta-Aramid Fiber Market?

How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?

What is the impact of COVID-19 on Meta-Aramid Fiber Market?

What are the key strategies adopted by the major vendors to lead in the Meta-Aramid Fiber Market?

What is the market share of the top vendors?

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About Us

Stratview Research is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with insightful and actionable market data to aid strategic decision making. These exclusive reports are the result of exclusive research methodology and are available for key industries such as chemicals, composites, advanced materials, technology, renewable energy, and more. Stratview Research helps its user’s tract the ever-evolving market scenarios through its top-notch market reports.

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