Canada Aramid Fiber Market Size & Outlook, 2023-2030
Canada aramid fiber market, 2018-2030 (US$M)
Related Markets
Canada aramid fiber market highlights
- The Canada aramid fiber market generated a revenue of USD 243.3 million in 2023 and is expected to reach USD 438.6 million by 2030.
- The Canada market is expected to grow at a CAGR of 8.8% 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 243.3 million |
| Market revenue in 2030 | USD 438.6 million |
| Growth rate | 8.8% (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, Canada accounted for 5.9% 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 North America, U.S. aramid fiber market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 289.8 million by 2030.
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Aramid Fiber Market Scope
Aramid Fiber Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada 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 66.54% in 2023. Horizon Databook has segmented the Canada aramid fiber market based on para-aramid, meta-aramid covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing demand from various application segments is anticipated to fuel the demand for aramid fibers in Canada over the forecast period. Optical fibers segment is expected to provide ample opportunities for the market in the country owing to augmentation & modernization of transmission & distribution network.
In addition, increasing demand for electricity and robust growth of renewable energy are anticipated to fuel the demand for aramid fibers over the forecast period. Furthermore, construction activities and expanded energy infrastructure have spurred the demand for the wire & cables manufacturing in the past few years and is likely to continue the trend over the forecast period.
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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 country-level data and insights on the Canada aramid fiber market , including forecasts for subscribers. This country databook contains high-level insights into Canada aramid fiber market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada aramid fiber market size, by product, 2018-2030 (US$M)
Canada Aramid Fiber Market Outlook Share, 2023 & 2030 (US$M)
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