Aramid Fiber Market Size, Share, And Growth Report 2032

Aramid Fiber Market

Aramid Fiber Market By Type (Meta-Aramid Fiber, Para-Aramid Fiber, Co-Polyamide), By Application (Security & Protection, Industrial Filtration, Frictional Materials, Rubber Reinforcement, Optical Fibers, Tire Reinforcement, Other), By End-User (Automotive, Aerospace & Defense, Electronics & Telecommunications, Electrical, Others), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2024–2032

Category: Chemical & Materials Report Format : PDF Pages: 110 Report Code: ZMR-1275 Published Date: Mar-2024 Status : Published
Market Size in 2023 Market Forecast in 2032 CAGR (in %) Base Year
USD 4.10 Billion USD 8.27 Billion 8.10% 2023

Aramid Fiber Market Size:

The global aramid fiber market size was worth around USD 4.10 billion in 2023 and is predicted to grow to around USD 8.27 billion by 2032 with a compound annual growth rate (CAGR) of roughly 8.10% between 2024 and 2032.

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This report on the aramid fiber market provides a comprehensive glance at the global and regional levels. The study provides historical data from 2018 from 2022 along with a forecast from 2024 to 2032 based on revenue and volume. The study includes major driving forces and restraints for the aramid fiber market along with the impact they have on the demand over the forecast period. Furthermore, the study also provides the major avenues of the global aramid fiber market.

Aramid Fiber Market: Overview

Aramid fibers characterized by its resistance to chemicals, superior thermal and mechanical properties. Aramid fiber is found to be useful in a broad range of application, such as security and protection, industrial filtration, frictional materials, rubber reinforcement, optical fibers, and tire reinforcement, among others.

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The global aramid fiber is experiencing a significant growth rate, which is expected to continue in the upcoming years as well. There is the demand for automotive and aerospace and defense industries from emerging economies is likely to act as a key driver for this market's growth, which is used as an agent in all these industries. There is increased usage of aramid fiber in electronics and telecommunications, electrical industries, etc., across different regions.

The rising need for lightweight fiber in safety applications anticipated to be another key driver for the global aramid fiber market growth in the forecast timeframe. The increasing demand for light-weight items that provide noteworthy emission reduction in automobiles is also fuelling the global aramid fiber market. Aramid fiber is also used as a potential alternative for asbestos and steel, which is further fuelling the market growth of aramid fiber. However, the huge costs related to research and development in aramid fiber and the non-biodegradable nature of aramid fiber might act key restraining factors to hamper the overall growth of the aramid fiber market in the forecast timeframe. Nonetheless, the growing demand for higher defense spending and homeland security is projected to provide new opportunities for further market growth. The advancements made in the aramid materials manufacturing technology is probably anticipated to open new avenues for the major market players in the upcoming years.

Aramid Fiber Market: Segmentation

The study provides a significant view of the global aramid fiber market by classifying it into type, application, end-use industry, and regional segmentation. These segments have been estimated and forecasted with the future and past trends.

By type, the global aramid fiber market is classified into the meta-aramid fiber, para-aramid fiber, and co-polyamide.

By applications, the global aramid fiber market is mainly categorized into security and protection, industrial filtration, frictional materials, rubber reinforcement, optical fibers, tire reinforcement, and others.

By end-use industry segment, the global aramid fiber market is fragmented into automotive, aerospace and defense, electronics and telecommunications, electrical, and others.

In terms of geography, the global aramid fiber market is divided into Europe, North America, Latin America, Asia Pacific, and the Middle East and Africa.

Aramid Fiber Market: Report Scope

Report Attributes Report Details
Report Name Aramid Fiber Market Research Report
Market Size in 2023 USD 4.10 Billion
Market Forecast in 2032 USD 8.27 Billion
Growth Rate CAGR of 8.10%
Number of Pages 110
Key Companies Covered Kermel Toray Chemical Korea Inc., E.I. du Pont de Nemours & Co., Kolon Industries Inc., YantaiTayho Advanced Materials Co., Hyosung Corporation, Teijin Limited, SRO Aramid Co. Ltd., and among others.
Segments Covered By Type, By Application, By End-User, And By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2023
Historical Year 2018 to 2022
Forecast Year 2024 - 2032
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Aramid Fiber Market: Regional Analysis

In terms of geography, the global aramid fiber market is divided into Europe, North America, Latin America, Asia Pacific, and the Middle East and Africa. In 2023, Europe was estimated to be the largest market for aramid fiber, due to the rising government rules and environmental policies related to the defense and automotive industries. The Asia Pacific is anticipated to be the fastest growing market for aramid fiber in the near future owing to increasing product demand from various end-use industries, such as infrastructure, telecommunication, and automotive.

Aramid Fiber Market: Key Players

  • Kermel Toray Chemical Korea Inc.
  • E.I. du Pont de Nemours & Co.
  • Kolon Industries Inc.
  • YantaiTayho Advanced Materials Co.
  • Hyosung Corporation
  • Teijin Limited
  • SRO Aramid Co. Ltd.
  • Among others

This report segments the global aramid fiber market as follows:

By Type

  • Meta-Aramid Fiber
  • Para-Aramid Fiber
  • Co-Polyamide

By Application 

  • Security & Protection
  • Industrial Filtration
  • Frictional Materials
  • Rubber Reinforcement
  • Optical Fibers
  • Tire Reinforcement
  • Other Applications

By End-User

  • Automotive
  • Aerospace & Defense
  • Electronics & Telecommunications
  • Electrical
  • Others

By Region

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

Table Of Content

Methodology

FrequentlyAsked Questions

Aramid fibers characterized by its resistance to chemicals, superior thermal and mechanical properties. aramid fiber is found to be useful in a broad range of application, such as security and protection, industrial filtration, frictional materials, rubber reinforcement, optical fibers, and tire reinforcement, among others.

According to study, the global aramid fiber market size was worth around USD 4.10 billion in 2023 and is predicted to grow to around USD 8.27 billion by 2032.

The CAGR value of aramid fiber market is expected to be around 8.10% during 2024-2032.

Europe has been leading the global aramid fiber market and is anticipated to continue on the dominant position in the years to come.

The global aramid fiber market is led by players like Kermel Toray Chemical Korea Inc., E.I. du Pont de Nemours & Co., Kolon Industries Inc., YantaiTayho Advanced Materials Co., Hyosung Corporation, Teijin Limited, SRO Aramid Co. Ltd., and among others.

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