Lucintel Forecasts Para Aramid Fiber Market to Reach $3.0 billion by 2030
According to the recent study the para aramid fiber market is projected to reach an estimated $3.0 billion by 2030 from $2.4 billion in 2023, at a CAGR of 5.0% from 2023 to 2030. Growth in this market is primarily driven by increasing usage of para aramid fiber in brake pads, clutches, gaskets, linings, and tires in automotive and the growing d