Global Aramid Fiber Market Size & Outlook, 2023-2030
Global aramid fiber market, 2018-2030 (US$M)
Related Markets
Global aramid fiber market highlights
- The global aramid fiber market generated a revenue of USD 4,094.0 million in 2023 and is expected to reach USD 6,984.8 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 7.9% by 2030.
- In terms of segment, para-aramid accounted for a revenue of USD 3,071.0 million in 2023.
- Meta-aramid is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2023.
- Country-wise, UK is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 4,094.0 million |
| Market revenue in 2030 | USD 6,984.8 million |
| Growth rate | 7.9% (CAGR from 2023 to 2030) |
| Largest segment | Para-aramid |
| Fastest growing segment | Meta-aramid |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Para-aramid, Meta-aramid |
Other key industry trends
- In terms of revenue, the North America accounted for 29.8% of the global aramid fiber market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, UK is the fastest growing regional market and is projected to reach USD 283.9 million by 2030.
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Aramid Fiber Market Scope
Aramid Fiber Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global aramid fiber market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to aramid fiber market will help companies and investors design strategic landscapes.
Para-aramid was the largest segment with a revenue share of 75.01% in 2023. Horizon Databook has segmented the Global aramid fiber market based on para-aramid, meta-aramid covering the revenue growth of each sub-segment from 2018 to 2030.
Market Dynamics
Aramid fibers are widely utilized in two types of applications, namely reinforcement in composites like military vehicles, sports goods. aircraft and fabrics in clothing such as bulletproof vests or fire protection clothes. Increasing demand for security & protective measures in various end-use industries such as military and construction is anticipated to boost the demand for aramid fibers over the forecast period.
Aramid fiber is widely utilized in the making of protective clothing, equipment, and accessories owing to its excellent fiber, chemical, mechanical, and thermal properties. Protective clothing is specifically designed, treated, and fabricated to protect personnel from hazards that are caused by dangerous work environment and extreme environmental conditions. Some of the protective clothing is designed to protect workers from pollution or infection.
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Our clientele includes a mix of aramid fiber market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global aramid fiber market , including forecasts for subscribers. This global databook contains high-level insights into Global aramid fiber market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global aramid fiber market size, by regions, 2018-2030 (US$M)
Top 10 countries: Aramid fiber market size, 2023 (US$M)
Global aramid fiber market share, by product, 2023 & 2030 (%, US$M)
Aramid fiber market: Opportunity assessment by country
Global aramid fiber market, by region, 2023 (US$M)
Related regional statistics
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