Core Insights - The aramid paper market in China is experiencing significant growth, with consumption projected to rise from 6,684 tons in 2024 to 12,357 tons by 2028, driven by demand from sectors such as electric power, high-speed rail, and aerospace [1][10]. Industry Overview - Aramid paper, also known as polyamide fiber paper, is produced using aramid short-cut fibers and aramid precipitated fibers, characterized by high strength, low deformation, and excellent electrical insulation properties [1][4]. - The aramid paper industry is divided into upstream (raw material supply), midstream (production), and downstream (application) segments, with key players including DuPont, Minshida, and Chaomeisi [4][12]. Current Industry Status - The global application of aramid paper is primarily in electrical insulation (65%) and honeycomb core materials (35%), while in China, electrical insulation applications dominate at 93% [6][8]. - The production of electrical insulation materials in China has increased from 2.162 million tons in 2019 to 2.651 million tons in 2024, boosting the demand for aramid paper [6]. Market Trends - The demand for aramid paper is expanding into new applications such as electric vehicles, wind power, photovoltaic power, and 5G communications, with a notable increase in the need for honeycomb core materials in the C919 aircraft [10][21]. - Domestic companies like Minshida are gaining market share, with a reported 16.7% increase in sales revenue in 2024, reaching 397 million yuan [14]. Competitive Landscape - The aramid paper market is currently dominated by DuPont, holding a 57.1% market share, while Minshida follows with 14.3% [12][19]. - Domestic companies are closing the gap with international competitors, with significant advancements in technology and production capabilities [12][19]. Future Development - The industry is expected to see accelerated domestic substitution of imported aramid paper, particularly in high-end applications such as aerospace, driven by the C919 aircraft production [19][21]. - The diversification of application fields is anticipated, with increasing demand for lightweight structural materials and high-performance composites in sectors like electric vehicles and renewable energy [21][22]. - Continuous investment in research and development by domestic firms is expected to enhance aramid paper performance and reduce costs, further solidifying their competitive position in the global market [22].
趋势研判！2025年中国芳纶纸行业产业链、行业现状、重点企业及未来前景分析：芳纶纸市场需求逐步扩大，预计2028年市场消费量将超1.2万吨[图]