North America Aramid Fiber Market Size & Outlook
North America aramid fiber market, 2018-2030 (US$M)
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North America aramid fiber market highlights
- The North America aramid fiber market generated a revenue of USD 1,219.8 million in 2023.
- The market is expected to grow at a CAGR of 9.1% 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, Mexico is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 1,219.8 million |
| Market revenue in 2030 | USD 2,240.1 million |
| Growth rate | 9.1% (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, North America region accounted for 29.8% 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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North 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 76.94% in 2023. Horizon Databook has segmented the North America aramid fiber market based on para-aramid, meta-aramid covering the revenue growth of each sub-segment from 2018 to 2030.
Stringent regulations laid down by various regulatory bodies such as HSE, ANSI, and state bodies pertaining to the security and protection measures of workers in various industries are driving the market growth since past few years. This is likely to be a major factor for the growth of North America aramid fiber market over the forecast period.
American National Standards Institute (ANSI) in the U.S. has laid down protection standards for a broad range of personnel protective equipment, such as protective gloves, to ensure the protection of personnel at the workplace in various industries. In addition, robust growth of application segments such as rubber reinforcement, electrical insulation, aerospace, tire reinforcement, frictional materials, and optical fibers is anticipated to further boost the market over the forecast period.
Tire reinforcement segment is anticipated to provide ample opportunities for aramid fiber market on account of increasing demand from automotive industry. Para-aramid fiber segment dominated the market in North America owing to the beneficial properties of para-aramid fibers, such as high strength-to-weight ratio, good chemical resistance, good heat & flame resistance, and excellent ballistic properties.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America aramid fiber market , including forecasts for subscribers. This continent databook contains high-level insights into North America aramid fiber market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America aramid fiber market size, by country, 2018-2030 (US$M)
North America Aramid Fiber Market Outlook Share, 2023 & 2030 (US$M)
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