Japan Aramid Fiber Market Size & Outlook, 2023-2030
Japan aramid fiber market, 2018-2030 (US$M)
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Japan aramid fiber market highlights
- The Japan aramid fiber market generated a revenue of USD 195.3 million in 2023 and is expected to reach USD 334.6 million by 2030.
- The Japan market is expected to grow at a CAGR of 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 195.3 million |
| Market revenue in 2030 | USD 334.6 million |
| Growth rate | 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, Japan accounted for 4.8% 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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Japan 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 75.01% in 2023. Horizon Databook has segmented the Japan aramid fiber market based on para-aramid, meta-aramid covering the revenue growth of each sub-segment from 2018 to 2030.
The market is driven by the increasing usage of aramid fiber as an alternative to asbestos and steel, higher fuel efficiency in automotive, and technological advances in transportation. Aramid fiber are used in tire reinforcement application to decrease fuel consumption and enhance the performance, comfort, and protection of automotive.
In addition, the presence of key automotive manufacturers in the country is further fueling the demand for aramid fiber. Aramid fiber is also utilized in the manufacturing of automotive components. TOYOTA, Lexus, Suzuki, Mazda, Honda, Acura, Mitsubishi, Nissan, Infiniti, and ISUZU are some of the key automotive manufacturers present in the country.
Technological innovations in advanced materials, automotive sector, and electronics sector are expected to drive industrial growth in the region over the forecast period. Growing medical innovation coupled with recertification process is expected to drive pharmaceutical sector over the long term.
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan aramid fiber market , including forecasts for subscribers. This country databook contains high-level insights into Japan aramid fiber market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan aramid fiber market size, by product, 2018-2030 (US$M)
Japan Aramid Fiber Market Outlook Share, 2023 & 2030 (US$M)
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