China Aramid Fiber Market Size & Outlook, 2023-2030
China aramid fiber market, 2018-2030 (US$M)
Related Markets
China aramid fiber market highlights
- The China aramid fiber market generated a revenue of USD 358.3 million in 2023 and is expected to reach USD 658.6 million by 2030.
- The China market is expected to grow at a CAGR of 9.1% 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 358.3 million |
| Market revenue in 2030 | USD 658.6 million |
| Growth rate | 9.1% (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, China accounted for 8.8% 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 Asia Pacific, China aramid fiber market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 187.3 million by 2030.
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Aramid Fiber Market Scope
Aramid Fiber Market Companies
| Name | Profile | # Employees | HQ | Website |
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China 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 89.56% in 2023. Horizon Databook has segmented the China aramid fiber market based on para-aramid, meta-aramid covering the revenue growth of each sub-segment from 2018 to 2030.
In terms of volume, China was the largest market for aramid fiber in Asia Pacific in 2018 and is projected to continue to be the largest one over the forecast period. Growing demand from military and industrial sectors for the security & protection of personnel is propelling the para-aramid fiber market growth over the forecast period.
Growing demand from military and industrial sectors for the security & protection of personnel is propelling the aramid fiber market growth over the forecast period. The growth in personal protective equipment and automotive industries is expected to increase the demand for aramid fiber in the country over the forecast period. In addition, increasing R&D and other activities by the market players in the country is further anticipated to boost the product demand 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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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 country-level data and insights on the China aramid fiber market , including forecasts for subscribers. This country databook contains high-level insights into China aramid fiber market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China aramid fiber market size, by product, 2018-2030 (US$M)
China Aramid Fiber Market Outlook Share, 2023 & 2030 (US$M)
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