The market size of para-aramid paper is still small, but the future market development potential is huge.

The chemical name of para-aramid fiber is “poly-p-phenylene terephthalamide” fiber. It is a representative of high-performance fiber materials in the world today. It has the characteristics of high strength, high elastic modulus and heat resistance. It is used in para-aramid fiber. Para-aramid paper prepared from aramid fiber by wet process is called para-aramid paper. Honeycomb materials produced from para-aramid paper can be used as structural materials for aircraft, high-speed trains, high-speed trains, and subways, which can reduce weight while increasing load capacity and service life.

The United States has developed industrial manufacturing and has strong technical strength and industrialization capabilities in the field of high-end materials. Among them, DuPont of the United States, as a global materials giant, is also the first company in the world to develop aramid fiber and aramid paper and bring them to the market. Its para-aramid paper products occupy the majority of the global market share.

Teijin of Japan also has strong technical strength in para-aramid paper. For a long time, Teijin and DuPont have almost monopolized the global para-aramid paper market. Until in recent years, Chinese companies represented by Minshida gradually broke their technical monopoly. , to achieve large-scale production. However, compared with the para-aramid paper products of DuPont and Teijin, there is still a certain gap between Chinese companies in terms of product performance and quality stability.

Domestic para-aramid paper can be divided into three competitive echelons. The first echelon is Yantai Minshida Specialty Paper Co., Ltd., which has a complete raw material supply system and strong product development capabilities, and relies on the opportunity of listing , with greater room for development in the future;

The second echelon is Shandong Jufang New Materials Co., Ltd. and Ganzhou Longbang Material Technology Co., Ltd., especially Jufang New Materials, which specializes in the production of para-aramid paper products and has great development potential;

The third echelon is Zhuzhou Times Huaxian Material Technology Co., Ltd. and Chaomeisi New Materials Co., Ltd., whose business mainly focuses on meta-aramid paper. The production scale of para-aramid paper is relatively small and its profitability is weak.

Although para-aramid paper has excellent material properties and huge application potential, due to its high price, it has only a small number of applications in a few fields such as high-end circuit boards, military industry and national defense, with a small number of users and low market awareness. In addition, in some fields, users will replace the higher-priced para-aramid paper with meta-aramid paper that is relatively cheap and has good performance, further compressing the market size of para-aramid paper. The released “2023-2028 Para-aramid Paper Industry Market In-depth Research and Investment Prospect Forecast Analysis Report” shows that in 2022 , China’s para-aramid paper market size is 48 million yuan.

At this stage, domestic para-aramid paper is mainly used to produce honeycomb core materials and is further used in the aerospace field. The scale of application in other fields is still relatively small. Analysts people, in the future, with the development of technology and the improvement of product awareness, domestic para-aramid paper will be used in other fields The market penetration rate will continue to increase, and applications in aerospace, highway/rail transportation, high-frequency circuit boards and other fields will drive the development of the para-aramid paper market.