Asia Pacific Para-aramid Fibers Market Size & Outlook
The para-aramid fibers market in Asia Pacific is expected to reach a projected revenue of US$ 1,313.3 million by 2030. A compound annual growth rate of 8.6% is expected of Asia Pacific para-aramid fibers market from 2024 to 2030.
Revenue, 2023 (US$M)
$738.8
Forecast, 2030 (US$M)
$1,313.3
CAGR, 2024 - 2030
8.6%
Report Coverage
Asia Pacific
Asia Pacific para-aramid fibers market, 2018-2030 (US$M)
Related Markets
Asia Pacific para-aramid fibers market highlights
- The Asia Pacific para-aramid fibers market generated a revenue of USD 738.8 million in 2023.
- The market is expected to grow at a CAGR of 8.6% from 2024 to 2030.
- In terms of segment, security & protection was the largest revenue generating application in 2023.
- Security & Protection is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 738.8 million |
| Market revenue in 2030 | USD 1,313.3 million |
| Growth rate | 8.6% (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 |
| Key market players worldwide | Teijin Ltd, Yantai Tayho Advanced Materials, DuPont de Nemours Inc, Hyosung Corporation, Toray Industries Inc, Kermel, Kolon Industries, Huvis, China National Bluestar Group |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 23.0% of the global para-aramid fibers market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 1,719.7 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 |
|---|
Asia Pacific para-aramid fibers market size, by country, 2018-2030 (US$M)
Asia Pacific Para-aramid Fibers Market Outlook Share, 2023 & 2030 (US$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
