Latin America Para-aramid Fibers Market Size & Outlook
The para-aramid fibers market in Latin America is expected to reach a projected revenue of US$ 372.6 million by 2030. A compound annual growth rate of 6.2% is expected of Latin America para-aramid fibers market from 2024 to 2030.
Revenue, 2023 (US$M)
$244.8
Forecast, 2030 (US$M)
$372.6
CAGR, 2024 - 2030
6.2%
Report Coverage
Latin America
Latin America para-aramid fibers market, 2018-2030 (US$M)
Related Markets
Latin America para-aramid fibers market highlights
- The Latin America para-aramid fibers market generated a revenue of USD 244.8 million in 2023.
- The market is expected to grow at a CAGR of 6.2% 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, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 244.8 million |
| Market revenue in 2030 | USD 372.6 million |
| Growth rate | 6.2% (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, Latin America region accounted for 7.6% 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.
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Para-aramid Fibers Market Scope
Para-aramid fibers market segmentation & scope
Para-aramid Fibers Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America para-aramid fibers market size, by country, 2018-2030 (US$M)
Latin America Para-aramid Fibers Market Outlook Share, 2023 & 2030 (US$M)
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