Russia Aramid Fiber Market Size & Outlook, 2023-2030

The aramid fiber market in Russia is expected to reach a projected revenue of US$ 107.3 million by 2030. A compound annual growth rate of 7.6% is expected of Russia aramid fiber market from 2024 to 2030.
Revenue, 2023 (US$M)
$64.3
Forecast, 2030 (US$M)
$107.3
CAGR, 2024 - 2030
7.6%
Report Coverage
Russia

Russia aramid fiber market highlights

  • The Russia aramid fiber market generated a revenue of USD 64.3 million in 2023 and is expected to reach USD 107.3 million by 2030.
  • The Russia market is expected to grow at a CAGR of 7.6% 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 2023USD 64.3 million
Market revenue in 2030USD 107.3 million
Growth rate7.6% (CAGR from 2023 to 2030)
Largest segmentPara-aramid
Fastest growing segmentMeta-aramid
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationPara-aramid, Meta-aramid
Key market players worldwideTeijin 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, Russia accounted for 1.6% 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 Europe, Germany aramid fiber market is projected to lead the regional market in terms of revenue in 2030.
  • Germany is the fastest growing regional market in Europe and is projected to reach USD 530.9 million by 2030.

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Aramid Fiber Market Companies

Name Profile # Employees HQ Website

Russia 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 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.

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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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Russia aramid fiber market size, by product, 2018-2030 (US$M)

Russia Aramid Fiber Market Outlook Share, 2023 & 2030 (US$M)

Russia aramid fiber market size, by product, 2018-2030 (US$M)

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