According to Cognitive Market Research, The Global PPTA Fiber market size will be USD 4.1 billion in 2023 and will expand at a compound annual growth rate (CAGR) of 5.50% from 2023 to 2030.
The demand for PPTA Fibers is rising due to the increased use of PPTA fibres to manufacture friction and sealing materials due to their wear-resistance properties.
Demand for Para Aramid â€" PPTA (1414) remains higher in the PPTA Fiber market.
The Fiber Reinforced category held the highest PPTA Fiber market revenue share in 2023.
North American PPTA Fiber will continue to lead, whereas the Asia Pacific PPTA Fiber market will experience the most substantial growth until 2030.
