Market revenue in 2023 | USD 64.3 million |
Market revenue in 2030 | USD 107.3 million |
Growth rate | 7.6% (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 |
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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 72.63% in 2023. Horizon Databook has segmented the Russia aramid fiber market based on para-aramid, meta-aramid covering the revenue growth of each sub-segment from 2018 to 2030.
Construction sector is expected to be the major driver for the demand for security and protection equipment in the country over the forecast period, as the Russian government is expected to invest USD 9.5 billion in urban construction projects by 2022. In addition, the new Moscow projected is also likely to add significant number of commercial, residential and public spaces to the city, thereby driving the overall construction sector.
Furthermore, the introduction of more stringent building safety norms in Russian Parliament in July 2018, is expected to propel the demand for security and protection systems. As a result, it is expected to positively influence the demand for aramid fiber in the country over the forecast period. CCTV market is witnessing a strong growth in Russia on account of growing regional safety concerns across borders and coasts.
The country has employed Safe Region initiative which is expected to lead to upgradation of fire safety, CCTV and IT infrastructure to maintain the security of the population. In addition, the urban building projects, heavy industries and energy sector is heightening the demand for CCTVs and video surveillance equipment systems.
Horizon Databook provides a detailed overview of country-level data and insights on the Russia aramid fiber market , including forecasts for subscribers. This country databook contains high-level insights into Russia aramid fiber market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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