Latin America Aramid Fiber Market Size & Outlook
Latin America aramid fiber market, 2018-2030 (US$M)
Related Markets
Latin America aramid fiber market highlights
- The Latin America aramid fiber market generated a revenue of USD 312.6 million in 2023.
- The market is expected to grow at a CAGR of 6.3% 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, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 312.6 million |
| Market revenue in 2030 | USD 478.4 million |
| Growth rate | 6.3% (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, Latin America region accounted for 7.6% 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 |
|---|
Latin America 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 76.87% in 2023. Horizon Databook has segmented the Latin America aramid fiber market based on para-aramid, meta-aramid covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing demand for personnel security & protection measures in various end-use industries coupled with increasing demand from other application segments is propelling the demand for aramid fiber in Central & South America.
Electrical insulation segment is projected to witness a significant growth owing to the augmenting transmission & distribution network and increasing demand for electricity across the region. Growing automotive production and maintenance in the region are anticipated to provide growth prospect to the market in the upcoming period. Thus, positively impacting the demand for aramid fibers.
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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 Latin America aramid fiber market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America aramid fiber market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America aramid fiber market size, by country, 2018-2030 (US$M)
Latin America Aramid Fiber Market Outlook Share, 2023 & 2030 (US$M)
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