Mexico Aramid Fiber Market Size & Outlook, 2023-2030
Mexico aramid fiber market, 2018-2030 (US$M)
Related Markets
Mexico aramid fiber market highlights
- The Mexico aramid fiber market generated a revenue of USD 152.7 million in 2023 and is expected to reach USD 289.8 million by 2030.
- The Mexico market is expected to grow at a CAGR of 9.6% 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.
Aramid fiber market data book summary
| Market revenue in 2023 | USD 152.7 million |
| Market revenue in 2030 | USD 289.8 million |
| Growth rate | 9.6% (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, Mexico accounted for 3.7% 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 North America, U.S. aramid fiber market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 289.8 million by 2030.
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Aramid Fiber Market Scope
Aramid Fiber Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico 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 60.97% in 2023. Horizon Databook has segmented the Mexico aramid fiber market based on para-aramid, meta-aramid covering the revenue growth of each sub-segment from 2018 to 2030.
Growing chemical, oil & gas, and construction industries in the country is anticipated to drive the demand for aramid fiber over the next seven years. Oil & gas industry has been associated with a large number of accidents in the past.
These accidents have risked life of workers and, thus, the industry has been complying with occupational health & safety issues to safeguard workers at sites. Rising number of fire accidents and blowouts coupled with stringent safety norms in the region is forcing employers to focus on safety of workers.
This is expected to drive the product demand in future in Mexico over the forecast period. Aramid fibers are widely used in the manufacturing of aerospace components that are subjected to high stress. Improving aerospace component (commercial, private, and military) manufacturing industry is anticipated to increase the demand for aramid fiber in the country 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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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico aramid fiber market , including forecasts for subscribers. This country databook contains high-level insights into Mexico aramid fiber market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico aramid fiber market size, by product, 2018-2030 (US$M)
Mexico Aramid Fiber Market Outlook Share, 2023 & 2030 (US$M)
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