Brazil Aramid Fiber Market Size & Outlook, 2023-2030
Brazil aramid fiber market, 2018-2030 (US$M)
Related Markets
Brazil aramid fiber market highlights
- The Brazil aramid fiber market generated a revenue of USD 200.9 million in 2023 and is expected to reach USD 315.1 million by 2030.
- The Brazil market is expected to grow at a CAGR of 6.6% 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.
Aramid fiber market data book summary
| Market revenue in 2023 | USD 200.9 million |
| Market revenue in 2030 | USD 315.1 million |
| Growth rate | 6.6% (CAGR from 2023 to 2030) |
| Largest segment | Para-aramid |
| Fastest growing segment | Meta-aramid |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Brazil accounted for 4.9% of the global aramid fiber market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil aramid fiber market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 315.1 million by 2030.
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Aramid Fiber Market Scope
Aramid Fiber Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil 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 77.9% in 2023. Horizon Databook has segmented the Brazil aramid fiber market based on para-aramid, meta-aramid covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing demand for high fuel efficiency in automotive industry and continuous technological advancements in transportation industry are expected to fuel the demand for aramid fiber in Brazil over the forecast period. Moreover, increasing demand from various application segments is expected to further drive the market growth over the forecast period.
Increasing expenditure for military and security forces in the country coupled with increasing automotive and aircraft service operations in Brazil are likely to ascend the demand for aramid fibers over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil aramid fiber market , including forecasts for subscribers. This country databook contains high-level insights into Brazil aramid fiber market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil aramid fiber market size, by product, 2018-2030 (US$M)
Brazil Aramid Fiber Market Outlook Share, 2023 & 2030 (US$M)
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