U.S. Aramid Fiber Market Size & Outlook, 2023-2030
U.S. aramid fiber market, 2018-2030 (US$M)
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U.S. aramid fiber market highlights
- The U.S. aramid fiber market generated a revenue of USD 823.8 million in 2023 and is expected to reach USD 1,511.7 million by 2030.
- The U.S. 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.
Aramid fiber market data book summary
| Market revenue in 2023 | USD 823.8 million |
| Market revenue in 2030 | USD 1,511.7 million |
| Growth rate | 9.1% (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, U.S. accounted for 20.1% 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 |
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U.S. 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 82.97% in 2023. Horizon Databook has segmented the U.S. aramid fiber market based on para-aramid, meta-aramid covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing demand for personal protective equipment in the country is projected to propel the growth of aramid fiber market over the forecast period. A wide range of industries such as healthcare/medical, mining, oil & gas, manufacturing, building & construction, and military require protective equipment to ensure safety and protection of the workers.
Stringent government norms regarding the safety of employees at workplace and large penalties for non-compliance with the standards are forcing employers to adopt personal protective equipment to protect their employees against various risks.
Increasing onshore and offshore drilling activities coupled with growing shale oil & gas industry are expected to drive the product demand in the country over the forecast period. Para-aramid fiber segment is projected to witness significant growth on account of increasing demand from application segments owing to the rigid molecular structure of Para-aramid fibers.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. aramid fiber market , including forecasts for subscribers. This country databook contains high-level insights into U.S. aramid fiber market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. aramid fiber market size, by product, 2018-2030 (US$M)
U.S. Aramid Fiber Market Outlook Share, 2023 & 2030 (US$M)
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