Middle East & Africa Aramid Fiber Market Size & Outlook
Middle East & Africa aramid fiber market, 2018-2030 (US$M)
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MEA aramid fiber market highlights
- The MEA aramid fiber market generated a revenue of USD 204.0 million in 2023.
- The market is expected to grow at a CAGR of 6.6% 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.
MEA data book summary
| Market revenue in 2023 | USD 204.0 million |
| Market revenue in 2030 | USD 318.7 million |
| Growth rate | 6.6% (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, MEA region accounted for 5.0% 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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Middle East & Africa 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 70.39% in 2023. Horizon Databook has segmented the Middle East & Africa aramid fiber market based on para-aramid, meta-aramid covering the revenue growth of each sub-segment from 2018 to 2030.
Growing oil & gas industry in the Middle East region is expected to drive the demand for PPE over the forecast period. Moreover, growing concern regarding occupational injury and illness cases coupled with stringent industry regulations is expected to drive the demand for PPE in various industries including agriculture, construction, fire services, and healthcare. Recent developments in Ebola treatment in various regions of Africa are also expected to drive the demand for PPE in the region over the forecast period.
Robust growth in the PPE market will fuel the demand for aramid fiber over the forecast period. The market for aramid fiber in the region is expected to grow in the wake of increasing emphasis on strengthening the military and homeland security network.
In addition, increasing production of advanced protection products in the region due to changing governmental policies is expected to drive the market growth over the forecast period. Furthermore, the market for aramid fiber is expected to grow in the wake of presence of a notable oil & gas industry that contributes to the demand for protective clothing which uses aramid fiber on a large scale.
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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 Middle East & Africa aramid fiber market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa aramid fiber market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa aramid fiber market
Middle East & Africa Aramid Fiber Market Outlook Share, 2023 & 2030 (US$M)
Middle East & Africa aramid fiber market
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