India Aramid Fiber Market Size & Outlook, 2023-2030
India aramid fiber market, 2018-2030 (US$M)
Related Markets
India aramid fiber market highlights
- The India aramid fiber market generated a revenue of USD 91.9 million in 2023 and is expected to reach USD 187.3 million by 2030.
- The India market is expected to grow at a CAGR of 10.7% 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.
Aramid fiber market data book summary
| Market revenue in 2023 | USD 91.9 million |
| Market revenue in 2030 | USD 187.3 million |
| Growth rate | 10.7% (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, India accounted for 2.2% 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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India 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 84.55% in 2023. Horizon Databook has segmented the India aramid fiber market based on para-aramid, meta-aramid covering the revenue growth of each sub-segment from 2018 to 2030.
India is anticipated to be the fastest growing market for aramid fiber over the forecast period owing to the growing demand from various application sectors such as security & protection, electrical insulation, rubber and tire reinforcement, optical fibers, aerospace, and frictional materials. Security & protection segment dominated the market in India in 2018.
Increasing workforce capacity coupled with rapid industrialization is anticipated to augment the product demand in the country. Favorable government initiatives such as “Make in India” are expected to drive investments in various sectors including aircraft, electronics, and automotive manufacturing industries. Stringent product testing and compliance with regulatory standards in electronics and pharmaceuticals are expected to drive the demand for protective equipment 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 India aramid fiber market , including forecasts for subscribers. This country databook contains high-level insights into India aramid fiber market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India aramid fiber market size, by product, 2018-2030 (US$M)
India Aramid Fiber Market Outlook Share, 2023 & 2030 (US$M)
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