Asia Pacific Aramid Fiber Market Size & Outlook, 2023-2030
Asia Pacific aramid fiber market, 2018-2030 (US$M)
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Asia Pacific aramid fiber market highlights
- The Asia Pacific aramid fiber market generated a revenue of USD 940.5 million in 2023.
- The market is expected to grow at a CAGR of 8.6% from 2024 to 2030.
- In terms of segment, para-aramid was the largest revenue generating product in 2023.
- Meta-aramid is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 940.5 million |
| Market revenue in 2030 | USD 1,675.7 million |
| Growth rate | 8.6% (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 |
| Key market players worldwide | Teijin Ltd, DuPont de Nemours Inc, Toray Industries Inc, Kernel Holding SA, Kolon Industries, Huvis, China National Bluestar Group |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 23.0% of the global aramid fiber market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 2,240.1 million by 2030.
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Aramid Fiber Market Scope
Aramid Fiber Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 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 80.44% in 2023. Horizon Databook has segmented the Asia Pacific aramid fiber market based on para-aramid, meta-aramid covering the revenue growth of each sub-segment from 2018 to 2030.
Growing need for security & protection measures in various end-use industries and increasing usage of aramid fibers as an alternative to asbestos and steel are some of the main factors projected to contribute significantly for the market growth over the forecast period.
Security & protection measures in various industries such as healthcare/medical, mining, oil & gas, manufacturing, building & construction, and military are fueling the product use in major economies such as China and India, which, in turn, is likely to provide significant opportunity for the market to grow in the coming years.
Growing investments in construction, manufacturing, and healthcare sectors are anticipated to drive the product demand over the forecast period. Moreover, increasing demand for the internet from emerging economies, rapid industrialization, and robust growth in telecom industry are likely to drive the demand for aramid fibers in the coming years.
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Target buyers of Asia Pacific aramid fiber market databook
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Our clientele includes a mix of aramid fiber market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific aramid fiber market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific aramid fiber market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific aramid fiber market size, by country, 2018-2030 (US$M)
Asia Pacific Aramid Fiber Market Outlook Share, 2023 & 2030 (US$M)
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