Para-aramid Fibers Market is expected to reach a revenue of USD 5.8 Bn by 2033, at 5.1% CAGR: Dimension Market Research [Yahoo! Finance]
TORAY INDUS INC UNSP/ADR (TRYIY)
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Source: Yahoo! Finance
With applications ranging from protective gear in military and law enforcement to automotive and aerospace components, ongoing R&D is likely to further improve their performance and expand their utility in various industries. New York, May 27, 2024 (GLOBE NEWSWIRE) -- Overview: The Para-aramid Fibers Market size reached USD 3.5 billion in 2023 and is further anticipated to reach USD 5.8 billion by 2033 according to Dimension Market Research . The market is anticipated to register a CAGR of 5.1% from 2024 to 2033. Para-aramid fibers are like advanced synthetics known for their exceptional strength and heat resistance and are comprised of long-chain aromatic polyamide molecules, granting them distinctive properties. Their high demand across industries looking for lightweight and strong materials is driving the market growth, driven by investments in R&D. The automotive sector mainly embraces these fibers for body panels, while sports and leisure industries drive the need for sport
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