Europe Aramid Fiber Market Size & Outlook, 2023-2030
Europe aramid fiber market, 2018-2030 (US$M)
Related Markets
Europe aramid fiber market highlights
- The Europe aramid fiber market generated a revenue of USD 1,417.1 million in 2023.
- The market is expected to grow at a CAGR of 7% 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, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 1,417.1 million |
| Market revenue in 2030 | USD 2,271.9 million |
| Growth rate | 7% (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, Europe region accounted for 34.6% 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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Europe 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 70.01% in 2023. Horizon Databook has segmented the Europe aramid fiber market based on para-aramid, meta-aramid covering the revenue growth of each sub-segment from 2018 to 2030.
Europe was the largest market for aramid fibers owing to the increasing demand from various application sectors such as security & protection, optical fibers, electrical insulation, rubber reinforcement, and tire reinforcement. Robust growth in these application products is expected to fuel the demand for aramid fibers over the forecast period.
The demand for high bandwidth fiber optic cables for data services and communication is anticipated to influence the aramid fiber market positively in optical fibers segment over the forecast period. In addition, European countries are among the world’s biggest manufacturers of automotive. Tire market is largely dependent on automotive sector, which has direct influence on aramid fibers.
Aramid fibers are extensively used in tire reinforcement for higher performance, increasing safety, higher comfort, less fuel consumption, and improved protection of tires.
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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 continent-level data and insights on the Europe aramid fiber market , including forecasts for subscribers. This continent databook contains high-level insights into Europe aramid fiber market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe aramid fiber market size, by country, 2018-2030 (US$M)
Europe Aramid Fiber Market Outlook Share, 2023 & 2030 (US$M)
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