Product Code: CMI5406
The global aramid fibers market is estimated to be valued at USD 3.79 Bn in 2024 and is expected to reach USD 6.97 Bn by 2031, growing at a compound annual growth rate (CAGR) of 9.1% from 2024 to 2031.
Report Coverage |
Report Details |
Base Year: |
2023 |
Market Size in 2024: |
US$ 3.79 Bn |
Historical Data for: |
2019 To 2023 |
Forecast Period: |
2024 To 2031 |
Forecast Period 2024 to 2031 CAGR: |
9.10% |
2031 Value Projection: |
US$ 6.97 Bn |
Figure. Aramid Fibers Market Share (%), By Region, 2024
The global aramid fibers market is projected to witness significant growth during the forecast period due to increasing applications of aramid fibers in the automotive, aerospace, and defense industries. Aramid fibers are synthetic organic polymers known for their high strength-to-weight ratios and resistance to heat. They find extensive use as reinforcing agents in bulletproof vests, protective clothing for firefighters, and workers in hazardous industries. Aramid fibers do not conduct electricity and are also resistant to corrosion, making them suitable for applications requiring electrical insulation. The growing demand for lightweight and high strength materials from end-use industries is expected to drive market expansion over the coming years.
Market Dynamics:
The global aramid fibers market is gaining traction driven by factors such as growing demand from the automotive industry for composite materials to reduce vehicle weight and meet stringent emission norms. Aramid fibers help lower fuel consumption and carbon footprint of vehicles. Rising investments by leading automakers in research & development of electric vehicles provide new opportunities for aramid fiber producers. However, high manufacturing costs and availability of alternative materials hamper the market growth. Innovation in production technologies to reduce costs and development of bio-based aramid fibers presents new avenues. Growing aerospace industry in Asia Pacific coupled with initiatives to increase defense budgets in developing nations will boost demand.
Key Features of the Study:
- This report provides an in-depth analysis of the global aramid fibers market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
- It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global aramid fibers market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include DuPont de Nemours Inc. , Teijin Limited , Kolon Industries Inc. , Yantai Tayho Advanced Materials Co. Ltd., Hyosung Corporation , Huvis Corporation , Aramid Hpm Co., Ltd. , Toray Industries Inc., SRO Group , Honeywell International Inc. , Taekwang Industrial Co., Ltd., Kolon Global Corporation , and SRO Group
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global aramid fibers market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global aramid fibers market
Detailed Segmentation-
- By Type:
- By Application:
- Security & Protection
- Frictional Materials
- Rubber Reinforcement
- Optical Fibers
- Tire Reinforcement
- Electrical Insulation
- Aerospace
- Others
- By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Company Profiles:
- DuPont de Nemours Inc.
- Teijin Limited
- Kolon Industries Inc.
- Yantai Tayho Advanced Materials Co. Ltd.
- Hyosung Corporation
- Huvis Corporation
- Aramid Hpm Co., Ltd.
- Toray Industries Inc.
- SRO Group
- Honeywell International Inc.
- Taekwang Industrial Co., Ltd.
- Kolon Global Corporation
- SRO Group
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Type
- Market Snippet, By Application
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Mergers and Acquisitions
4. Global Aramid Fibers Market - Impact of Coronavirus (COVID-19) Pandemic
- Overview
- Factors Affecting the Global Aramid Fibers Market
- Impact Analysis
5. Global Aramid Fibers Market, By Type, 2019-2031, (US$ Bn & KT)
- Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Para-aramid
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Meta-aramid
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
6. Global Aramid Fibers Market, By Application, 2019-2031, (US$ Bn & KT)
- Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Security & Protection
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Frictional Materials
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Rubber Reinforcement
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Optical Fibers
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Tire Reinforcement
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Electrical Insulation
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Aerospace
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Others
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
7. Global Aramid Fibers Market, By Region, 2019-2031, (US$ Bn & KT)
- Introduction
- Market Share Analysis, By Region, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020-2031
- North America
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn & KT)
- U.S.
- Canada
- Latin America
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, (US$ Bn & KT))
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn & KT)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn & KT)
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn & KT)
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Application, 2019 - 2031 (US$ Bn & KT)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn & KT)
- GCC Countries
- Israel
- Rest of Middle East & Africa
8. Competitive Landscape
- Market Share Analysis
- Company Profiles
- DuPont de Nemours Inc.
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Teijin Limited
- Kolon Industries Inc.
- Yantai Tayho Advanced Materials Co. Ltd.
- Hyosung Corporation
- Huvis Corporation
- Aramid Hpm Co., Ltd.
- Toray Industries Inc.
- SRO Group
- Honeywell International Inc.
- Taekwang Industrial Co., Ltd.
- Kolon Global Corporation
- SRO Group
9. Analyst Recommendations
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
10. Section
- References
- Research Methodology
- About Us and Sales Contact
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