Global Para-aramid Fibers Market Size & Outlook, 2023-2030
The para-aramid fibers industry worldwide is expected to reach a projected revenue of US$ 5,409.8 million by 2030. A compound annual growth rate of 7.7% is expected of the worldwide para-aramid fibers industry from 2024 to 2030.
Revenue, 2023 (US$M)
$3,210.6
Forecast, 2030 (US$M)
$5,409.8
CAGR, 2024 - 2030
7.7%
Report Coverage
Worldwide
Global para-aramid fibers market, 2018-2030 (US$M)
Related Markets
Global para-aramid fibers market highlights
- The global para-aramid fibers market generated a revenue of USD 3,210.6 million in 2023 and is expected to reach USD 5,409.8 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 7.7% by 2030.
- In terms of segment, security & protection accounted for a revenue of USD 1,209.2 million in 2023.
- Security & Protection is the most lucrative application segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2023.
- Country-wise, Spain is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 3,210.6 million |
| Market revenue in 2030 | USD 5,409.8 million |
| Growth rate | 7.7% (CAGR from 2023 to 2030) |
| Largest segment | Security & protection |
| Fastest growing segment | Security & Protection |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Security & Protection, Optical Fibers, Friction Material, Rubber Reinforcement, Tire Reinforcement |
Other key industry trends
- In terms of revenue, the North America accounted for 29.6% of the global para-aramid fibers market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Spain is the fastest growing regional market and is projected to reach USD 45.9 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Para-aramid Fibers Market Scope
Para-aramid fibers market segmentation & scope
Para-aramid Fibers Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global para-aramid fibers market size, by regions, 2018-2030 (US$M)
Top 10 countries: Para-aramid fibers market size, 2023 (US$M)
Global para-aramid fibers market share, by application, 2023 & 2030 (%, US$M)
Para-aramid fibers market: Opportunity assessment by country
Global para-aramid fibers market, by region, 2023 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
