Germany Aramid Fiber Market Size & Outlook, 2023-2030
Germany aramid fiber market, 2018-2030 (US$M)
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Germany aramid fiber market highlights
- The Germany aramid fiber market generated a revenue of USD 291.6 million in 2023 and is expected to reach USD 530.9 million by 2030.
- The Germany market is expected to grow at a CAGR of 8.9% 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 291.6 million |
| Market revenue in 2030 | USD 530.9 million |
| Growth rate | 8.9% (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, Germany accounted for 7.1% 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 Europe, Germany aramid fiber market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 530.9 million by 2030.
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Aramid Fiber Market Scope
Aramid Fiber Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany 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 64.57% in 2023. Horizon Databook has segmented the Germany aramid fiber market based on para-aramid, meta-aramid covering the revenue growth of each sub-segment from 2018 to 2030.
Stringent regulations laid by the EU Commission for protective equipment to ensure the safety and protection of personnel in various end-use industries are anticipated to fuel the demand for aramid fibers over the forecast period.
Regulations in the country mandate the use of protective clothing in various end-use industries, especially military, construction, and chemical. Furthermore, increasing usage of aramid fibers as an alternative to asbestos and steel is further boosting their demand over the forecast period.
Presence of a large automotive production base in the country coupled with high volume of automotive sales are expected to emerge as the major reasons driving the growth of the para-aramid fibers market. In addition, high expenditure on military coupled with a notable manufacturing base of the security and protection products is likely to drive the market growth over the next seven years.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany aramid fiber market , including forecasts for subscribers. This country databook contains high-level insights into Germany aramid fiber market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany aramid fiber market size, by product, 2018-2030 (US$M)
Germany Aramid Fiber Market Outlook Share, 2023 & 2030 (US$M)
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