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Stock impact report

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 ...

Optical Cable Corporation (OCC) 
US:NASDAQ Investor Relations: occfiber.com/investor-relations
Company Research Source: Yahoo! Finance
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. Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies para aramid fiber companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologie Show less Read more
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