UK Aramid Fiber Market Size & Outlook, 2023-2030
UK aramid fiber market, 2018-2030 (US$M)
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UK aramid fiber market highlights
- The UK aramid fiber market generated a revenue of USD 182.5 million in 2023 and is expected to reach USD 283.9 million by 2030.
- The UK market is expected to grow at a CAGR of 6.5% 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 182.5 million |
| Market revenue in 2030 | USD 283.9 million |
| Growth rate | 6.5% (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, UK accounted for 4.5% 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 Scope
Aramid Fiber Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK 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 72.38% in 2023. Horizon Databook has segmented the UK aramid fiber market based on para-aramid, meta-aramid covering the revenue growth of each sub-segment from 2018 to 2030.
In the UK, stringent government norms pertaining to health & safety coupled with huge noncompliance costs associated with safety norms are expected to drive the market over the forecast period. In addition, increasing awareness related to occupational health & safety is motivating the employers to adopt personal protective equipment, which is anticipated to augment the market in near future.
The demand for aramid fibers from various end-use industries is increasing and the trend is anticipated to continue over the forecast period. Economic and political instability prevailing in the region due to Brexit is expected to hamper the market growth over the next seven years. In addition, growth of the aerospace industry in the region is also expected to drive the market growth in the UK.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK aramid fiber market , including forecasts for subscribers. This country databook contains high-level insights into UK aramid fiber market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK aramid fiber market size, by product, 2018-2030 (US$M)
UK Aramid Fiber Market Outlook Share, 2023 & 2030 (US$M)
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