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Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....
Aramid Fiber Market size was valued at US$ 4,682.7 million in 2023 and is poised to grow at a CAGR of 10.2% over 2024-2030. Aramid fiber is extensively used in several applications due to its beneficial mechanical properties, such as high strength, abrasion thermal degradation, impact resistivity, resistance, and so on. Meta-aramid fiber and Para-aramid fiber are mainly used in shielding clothing. Its main applications can be found in security (body armor), aerospace and defense, and others. The fast-increasing demand for lightweight materials in protection and security applications can lead to the growth of the aramid fiber market.
Moreover, the increasing necessity for lightweight materials providing substantial emission reduction in automobiles and the possible alternative for steel and asbestos accompanied by defensive measures requirement led by rising in asymmetric warfare are some primary factors that can boost the global aramid fiber market. Apart from these, the growing demand for aerospace and automotive applications can also accelerate the market in the future. the growing demand for the product from numerous industries such as oil and gas chemicals manufacturing, healthcare, and others due to severe government regulations connected to workplace safety can also drive the global market further. However, some factors such as the high costs of research and development and the non-biodegradable behavior of aramid fibers can restrain the growth of the market. The increasing demand for homeland safety and increasing defense expenditure accompanied by the rapid progressions in aramid materials manufacturing techniques can create an opportunity for the growth of the global aramid fiber market.
In June 2022, Teijin Aramid announced a new concept of Woven Matrix to ease out the production process of ballistic protection solution
Study Period
2024-2030Base Year
2023CAGR
10.2%Largest Market
EuropeFastest Growing Market
Asia Pacific
One of the major reasons for the growth of the global aramid fiber market is the rising demand from the protection and safety industry. An enormous amount of aramid fiber is utilized in safety and protection applications for example private security, private contractors connected with government projects., military, and municipal law enforcement. Moreover, the regulations concerning the safety and health of employees are very severe in developed countries which are expected to propel the growth of the market in the forecast period.
The Asia Pacific is one of the most profitable regions and is generating new prospects for global players. the increasing engagement of security & protection events across numerous industries which has the potential to increase the demand for aramid fiber in these regions. Apart from this, growing demand for the internet from developing economies, rapid industrialization, and vigorous growth in the telecom business has created a demand for the use of aramid fiber.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 4,682.7 million |
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Market CAGR |
10.2% |
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By Product Type |
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By Application |
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By Region |
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The aramid fiber market size was valued at US$ 4,682.7 million in 2023
Teijin Ltd., Yantai Tayho Advanced Materials Co, du Pont de Nemours and Company (DowDuPont), Hyosung Corp., Toray Chemicals South Korea, Inc., Kermel S.A., Kolon Industries, Inc., Huvis Corp., SRO Aramid (Jiangzu) Co., Ltd.
Asia-Pacific is the fastest-growing region for aramid fiber market
| 1. Executive Summary |
| 2. Global Aramid Fiber Market Introduction |
| 2.1. Global Aramid Fiber Market Taxonomy |
| 2.2. Global Aramid Fiber Market Definitions |
| 2.2.1. Product Type |
| 2.2.2. Application |
| 2.2.3. By Region |
| 3. Global Aramid Fiber Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Aramid Fiber Market Dynamic Factors - Impact Analysis |
| 3.6. Global Aramid Fiber Market Competition Landscape |
| 3.7. Epidemiology |
| 4. Global Aramid Fiber Market Analysis, 2019 - 2023 and Forecast, 2024 - 2029 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2029 (Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Aramid Fiber Market, By Product Type, 2019 - 2023 and Forecast, 2024 - 2029 (Revenue, USD Mn) |
| 5.1. Para-Aramid |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2029 (Revenue, USD Mn) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Meta-Aramid |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2029 (Revenue, USD Mn) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 6. Global Aramid Fiber Market, By Application, 2019 - 2023 and Forecast, 2024 - 2029 (Revenue, USD Mn) |
| 6.1. Security & Protection |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2029 (Revenue, USD Mn) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Frictional Materials |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2029 (Revenue, USD Mn) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Rubber Reinforcement |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2029 (Revenue, USD Mn) |
| 6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Optical Fibers |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2029 (Revenue, USD Mn) |
| 6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Tire Reinforcement |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2029 (Revenue, USD Mn) |
| 6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Electrical Insulation |
| 6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2029 (Revenue, USD Mn) |
| 6.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 6.7. Aerospace |
| 6.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2029 (Revenue, USD Mn) |
| 6.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.7.3. Market Opportunity Analysis |
| 6.8. Others |
| 6.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2029 (Revenue, USD Mn) |
| 6.8.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.8.3. Market Opportunity Analysis |
| 7. Global Aramid Fiber Market Forecast, By Region, 2019 - 2023 and Forecast, 2024 - 2029 (Revenue, USD Mn) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2029 (Revenue, USD Mn) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2029 (Revenue, USD Mn) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia-Pacific |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2029 (Revenue, USD Mn) |
| 7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Latin America |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2029 (Revenue, USD Mn) |
| 7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Middle East and Africa |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2029 (Revenue, USD Mn) |
| 7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.6. Global Aramid Fiber Market - Opportunity Analysis Index, By Product Type, By Application, and Region, 2024 - 2029 |
| 8. North America Aramid Fiber Market Analysis, 2019 - 2023 and Forecast, 2024 - 2029 (Revenue, USD Mn) |
| 8.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1. Para-Aramid |
| 8.1.2. Meta-Aramid |
| 8.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1. Security & Protection |
| 8.2.2. Frictional Materials |
| 8.2.3. Rubber Reinforcement |
| 8.2.4. Optical Fibers |
| 8.2.5. Tire Reinforcement |
| 8.2.6. Electrical Insulation |
| 8.2.7. Aerospace |
| 8.2.8. Others |
| 8.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 8.3.1. USA |
| 8.3.2. Canada |
| 8.4. North America Aramid Fiber Market - Opportunity Analysis Index, By Product Type, By Application, and Country, 2024 - 2029 |
| 8.5. North America Aramid Fiber Market Dynamics Trends |
| 9. Europe Aramid Fiber Market Analysis, 2019 - 2023 and Forecast, 2024 - 2029 (Revenue, USD Mn) |
| 9.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. Para-Aramid |
| 9.1.2. Meta-Aramid |
| 9.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1. Security & Protection |
| 9.2.2. Frictional Materials |
| 9.2.3. Rubber Reinforcement |
| 9.2.4. Optical Fibers |
| 9.2.5. Tire Reinforcement |
| 9.2.6. Electrical Insulation |
| 9.2.7. Aerospace |
| 9.2.8. Others |
| 9.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 9.3.1. Germany |
| 9.3.2. UK |
| 9.3.3. France |
| 9.3.4. Spain |
| 9.3.5. Italy |
| 9.3.6. Rest of Europe |
| 9.4. Europe Aramid Fiber Market - Opportunity Analysis Index, By Product Type, By Application, and Country, 2024 - 2029 |
| 9.5. Europe Aramid Fiber Market Dynamics Trends |
| 10. Asia-Pacific Aramid Fiber Market Analysis, 2019 - 2023 and Forecast, 2024 - 2029 (Revenue, USD Mn) |
| 10.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Para-Aramid |
| 10.1.2. Meta-Aramid |
| 10.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1. Security & Protection |
| 10.2.2. Frictional Materials |
| 10.2.3. Rubber Reinforcement |
| 10.2.4. Optical Fibers |
| 10.2.5. Tire Reinforcement |
| 10.2.6. Electrical Insulation |
| 10.2.7. Aerospace |
| 10.2.8. Others |
| 10.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.3.1. China |
| 10.3.2. India |
| 10.3.3. Japan |
| 10.3.4. ASEAN |
| 10.3.5. Australia & New Zealand |
| 10.3.6. Rest of Asia-Pacific |
| 10.4. Asia-Pacific Aramid Fiber Market - Opportunity Analysis Index, By Product Type, By Application, and Country, 2024 - 2029 |
| 10.5. Asia-Pacific Aramid Fiber Market Dynamics Trends |
| 11. Latin America Aramid Fiber Market Analysis, 2019 - 2023 and Forecast, 2024 - 2029 (Revenue, USD Mn) |
| 11.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Para-Aramid |
| 11.1.2. Meta-Aramid |
| 11.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1. Security & Protection |
| 11.2.2. Frictional Materials |
| 11.2.3. Rubber Reinforcement |
| 11.2.4. Optical Fibers |
| 11.2.5. Tire Reinforcement |
| 11.2.6. Electrical Insulation |
| 11.2.7. Aerospace |
| 11.2.8. Others |
| 11.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.3.1. Brazil |
| 11.3.2. Mexico |
| 11.3.3. Rest of Latin America |
| 11.4. Latin America Aramid Fiber Market - Opportunity Analysis Index, By Product Type, By Application, and Country, 2024 - 2029 |
| 11.5. Latin America Aramid Fiber Market Dynamics Trends |
| 12. Middle East and Africa Aramid Fiber Market Analysis, 2019 - 2023 and Forecast, 2024 - 2029 (Revenue, USD Mn) |
| 12.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Para-Aramid |
| 12.1.2. Meta-Aramid |
| 12.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1. Security & Protection |
| 12.2.2. Frictional Materials |
| 12.2.3. Rubber Reinforcement |
| 12.2.4. Optical Fibers |
| 12.2.5. Tire Reinforcement |
| 12.2.6. Electrical Insulation |
| 12.2.7. Aerospace |
| 12.2.8. Others |
| 12.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.3.1. Gulf Cooperation Council (GCC) Countries |
| 12.3.2. South Africa |
| 12.3.3. Rest of MEA |
| 12.4. MEA Aramid Fiber Market- Opportunity Analysis Index, By Product Type, By Application, and Country, 2024 - 2029 |
| 12.5. MEA Aramid Fiber Market Dynamics Trends |
| 13. Competition Landscape |
| 13.1. Strategic Dashboard of Top Market Players |
| 13.2. Company Profiles (Introduction, Financial Analysis, Key Product Types, Key Developments, Strategies, and SWOT Analysis) |
| 13.2.1. Teijin Ltd. |
| 13.2.2. Yantai Tayho Advanced Materials Co |
| 13.2.3. E. I. du Pont de Nemours and Company (DowDuPont) |
| 13.2.4. Hyosung Corp. |
| 13.2.5. Toray Chemicals South Korea, Inc. |
| 13.2.6. Kermel S.A. |
| 13.2.7. Kolon Industries, Inc. |
| 13.2.8. Huvis Corp. |
| 13.2.9. SRO Aramid (Jiangzu) Co., Ltd. |
| 14. Research Methodology |
| 15. Key Assumptions and Acronyms |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.