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Aramid Fiber Market Size, Share & Trends Analysis Report By Product (Para-aramid, Meta-aramid), By Application (Security & Protection, Frictional Materials, Rubber Reinforcement, Optical Fibers), By Region, And Segment Forecasts, 2024 - 2030

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    Report

  • 198 Pages
  • November 2023
  • Region: Global
  • Grand View Research
  • ID: 4613418
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Aramid Fiber Market Growth & Trends

The global aramid fiber market size is expected to reach USD 6.98 billion by 2030, registering a CAGR of 8.1% from 2024 to 2030. Superior properties, such as strength and heat-resistance, of aramid fiber have promoted its utilization in the production of body armor fabric. The growing need for security and protection across various industries, such as mining, healthcare/medical, oil & gas, building & construction, and military, is projected to propel the market growth. In addition, stringent regulations in developing economies related to occupational safety are likely to benefit the market growth over the forecast period.

Aramid fibers are being increasingly used as an alternative to metal wire and organic fiber in structural composite applications in the aerospace and marine sectors, and ropes for oil rigs in offshore locations. In addition, product benefits, such as non-aggressive wear & tear on drums and discs and fade resistance, are anticipated to propel its usage. The manufacturing process involves the use of a number of high-cost chemicals, which elevates its production cost. In addition, huge capital investment in machinery and production process is anticipated to pose a threat to the growth of the market. However, the development of cost-beneficial production facilities is anticipated to boost the market growth.

Aramid Fiber Market Report Highlights

  • Para-aramid product segment led the market and accounted for about 75.0% share of the revenue in 2023 owing to its properties, such as an excellent strength-to-weight ratio coupled with superior chemical resistance
  • Security & protection segment led the market and accounted for more than 37.3% share in 2023 owing to concerns regarding the protection of personnel in the military and industrial sectors
  • Europe led the market and accounted for over 34.6% share of global revenue in 2023. It is expected to witness growth owing to rising employment of security & protection measures across several industries.
  • The market is highly competitive owing to the presence of several players that are primarily consolidated in the Asia Pacific and North America, whereas Europe exhibits a limited presence of the established players

Why should you buy this report?

  • Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
  • Competitive Landscape: Explore the market presence of key players worldwide.
  • Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
  • Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.

This report addresses:

  • Market intelligence to enable effective decision-making
  • Market estimates and forecasts from 2018 to 2030
  • Growth opportunities and trend analyses
  • Segment and regional revenue forecasts for market assessment
  • Competition strategy and market share analysis
  • Product innovation listing for you to stay ahead of the curve
  • COVID-19's impact and how to sustain in these fast-evolving markets


This product will be delivered within 1-3 business days.

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Research Methodology
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal Database
1.3.3. Secondary Sources
1.3.4. Third Party Perspective
1.3.5. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation and Data Visualization
1.6. List of data sources
Chapter 2. Executive Summary
2.1. Aramid fiber market snapshot
2.2. Regional Outlook
2.3. Segment Outlook
2.4. Competitive Outlook
Chapter 3. Aramid Fiber Market Variables, Trends, & Scope
3.1. Market Lineage Outlook
3.2. Value chain analysis
3.2.1. Raw material analysis
3.2.2. Technology overview
3.2.2.1. Hand lay-up:
3.2.2.2. Vacuum bagging:
3.2.2.3. Vacuum Infusion:
3.3. Aramid Fiber Price Trend Analysis, 2018 - 2030
3.4. Regulatory Framework
3.4.1. Defense Acquisition Regulations System
3.4.2. Health and Safety Executive (HSE)
3.4.3. The European Parliament and The Council of The European Union
3.5. Aramid fiber market dynamics
3.5.1. Market Driver Analysis
3.5.1.1. Rising demand for Security & Protective Equipment
3.5.1.2. Latent substitute for steel and asbestos
3.5.2. Market restraint analysis
3.5.2.1. High Manufacturing cost
3.6. Aramid fiber market - Porter’s analysis
3.6.1.1. Supplier Power
3.6.1.2. Buyer Power
3.6.1.3. Substitution Threat
3.6.1.4. Threat from New Entrant
3.6.1.5. Competitive Rivalry
3.7. Industry Analysis - PESTLE by SWOT
3.8. Market Disruption Analysis
Chapter 4. Aramid Fiber Market: Product Estimates & Analysis
4.1. Key Takeaways
4.2. Product Movement Analysis & Market Share, 2023 & 2030
4.3. Aramid Fiber Market Estimates & Forecasts, By Product (Tons) (USD Million), 2018 - 2030
4.3.1. Para-aramid
4.3.2. Meta-Aramid
Chapter 5. Aramid Fiber Market: Application Estimates & Analysis
5.1. Key Takeaways
5.2. Application Movement Analysis & Market Share, 2023 & 2030
5.3. Aramid Fiber Market Estimates & Forecasts, By Application (Tons) (USD Million), 2018 - 2030
5.3.1. Security & protection
5.3.2. Frictional materials
5.3.3. Rubber reinforcement
5.3.4. Optical Fibers
5.3.5. Tire Reinforcement
5.3.6. Electrical insulation
5.3.7. Aerospace
5.3.8. Others
Chapter 6. Aramid Fiber Market: Regional Estimates & Trend Analysis
6.1. Aramid Fiber Market: Regional Outlook
6.2. North America
6.2.1. Market estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
6.2.2. U.S.
6.2.2.1. Market estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
6.2.3. Canada
6.2.3.1. Market estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
6.2.4. Mexico
6.2.4.1. Market estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
6.3. Europe
6.3.1. Market estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
6.3.2. Germany
6.3.2.1. Market estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
6.3.3. UK
6.3.3.1. Market estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
6.3.4. France
6.3.4.1. Market estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
6.3.5. Italy
6.3.5.1. Market estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
6.3.6. Russia
6.3.6.1. Market estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
6.4. Asia Pacific
6.4.1. Market estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
6.4.2. China
6.4.2.1. Market estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
6.4.3. India
6.4.3.1. Market estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
6.4.4. Japan
6.4.4.1. Market estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
6.4.5. South Korea
6.4.5.1. Market estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
6.5. Central & South America
6.5.1. Market estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
6.5.2. Brazil
6.5.2.1. Market estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
6.6. Middle East & Africa
6.6.1. Market estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
Chapter 7. Aramid Fibers Market - Competitive Analysis
7.1. Vendor Landscape
7.1.1. List of raw material suppliers
7.1.2. List of manufacturers
7.1.3. List of suppliers/distributors
7.1.4. List of end users
7.2. Competitive Environment
7.3. Company market positioning
7.4. Company Heat Map Analysis
7.5. Strategy Mapping
7.6. Company Listing
7.6.1. Teijin Ltd.
7.6.2. Yantai Tayho Advanced Materials Co.
7.6.3. E. I. du Pont de Nemours and Company (DowDuPont)
7.6.4. Hyosung Corp.
7.6.5. Toray Chemicals South Korea, Inc.,
7.6.6. Kermel S.A.
7.6.7. Kolon Industries, Inc.
7.6.8. Huvis Corp.
7.6.9. China National Bluestar (Group) Co., Ltd.
7.6.10. SRO Aramid (Jiangzu) Co., Ltd.
List of Tables
Table 1 Global aramid fiber market revenue estimates & forecasts by product, 2018 - 2030 (Tons) (USD Million)
Table 2 Global aramid fiber market revenue estimates & forecasts by application, 2018 - 2030 (Tons) (USD Million)
List of Figures
Fig. 1 Information Procurement
Fig. 2 Primary Research Pattern
Fig. 3 Primary Research Process
Fig. 4 Market research approaches - Bottom-up Approach
Fig. 5 Market research approaches - Top-down Approach
Fig. 6 Market research approaches - Combined Approach
Fig. 7 Aramid fiber market snapshot
Fig. 8 Key market opportunity penetration & growth prospect mapping
Fig. 9 Aramid fiber value chain analysis
Fig. 10 Aramid fiber market dynamics
Fig. 11 Aramid fiber market driver impact analysis
Fig. 12 Aramid fiber market - Porter’s analysis
Fig. 13 Aramid fiber market - PESTEL analysis
Fig. 14 Aramid fiber market, by product: Key takeaways, 2023 & 2030
Fig. 15 Aramid fiber market, by product: Market Share, 2023 & 2030
Fig. 16 Aramid fiber market, by application: Key takeaways, 2023 & 2030
Fig. 17 Aramid fiber market, by application: Market Share, 2023 & 2030
Fig. 18 Aramid fiber market, regional outlook, 2023 & 2030
Fig. 19 Aramid fiber market, by region: Key takeaways, 2023 & 2030
Fig. 20 North America aramid fiber market estimates & forecasts, 2018 - 2030 (Tons) (USD Million)
Fig. 21 USA aramid fiber market estimates & forecasts, 2018 - 2030 (Tons) (USD Million)
Fig. 22 Canada aramid fiber market estimates & forecasts, 2018 - 2030 (Tons) (USD Million)
Fig. 23 Mexico aramid fiber market estimates & forecasts, 2018 - 2030 (Tons) (USD Million)
Fig. 24 Europe aramid fiber market estimates & forecasts, 2018 - 2030 (Tons) (USD Million)
Fig. 25 Germany aramid fiber market estimates & forecasts, 2018 - 2030 (Tons) (USD Million)
Fig. 26 France aramid fiber market estimates & forecasts, 2018 - 2030 (Tons) (USD Million)
Fig. 27 Italy aramid fiber market estimates & forecasts, 2018 - 2030 (Tons) (USD Million)
Fig. 28 UK aramid fiber market estimates & forecasts, 2018 - 2030 (Tons) (USD Million)
Fig. 29 Russia aramid fiber market estimates & forecasts, 2018 - 2030 (Tons) (USD Million)
Fig. 30 Asia Pacific aramid fiber market estimates & forecasts, 2018 - 2030 (Tons) (USD Million)
Fig. 31 China aramid fiber market estimates & forecasts, 2018 - 2030 (Tons) (USD Million)
Fig. 32 India aramid fiber market estimates & forecasts, 2018 - 2030 (Tons) (USD Million)
Fig. 33 Japan aramid fiber market estimates & forecasts, 2018 - 2030 (Tons) (USD Million)
Fig. 34 South Korea aramid fiber market estimates & forecasts, 2018 - 2030 (Tons) (USD Million)
Fig. 35 Central & South America aramid fiber market estimates & forecasts, 2018 - 2030 (Tons) (USD Million)
Fig. 36 Brazil aramid fiber market estimates & forecasts, 2018 - 2030 (Tons) (USD Million)
Fig. 37 Middle East & Africa aramid fiber market estimates & forecasts, 2018 - 2030 (Tons) (USD Million)
Fig. 38 Competitive Environment
Fig. 39 Company Market Position Analysis
Fig. 40 Company Heat Map Analysis

Companies Mentioned

  • Teijin Ltd.
  • Yantai Tayho Advanced Materials Co.
  • E. I. du Pont de Nemours and Company (DowDuPont)
  • Hyosung Corp.
  • Toray Chemicals South Korea, Inc.,
  • Kermel S.A.
  • Kolon Industries, Inc.
  • Huvis Corp.
  • China National Bluestar (Group) Co., Ltd.
  • SRO Aramid (Jiangzu) Co., Ltd.

Methodology

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Table Information

Report AttributeDetails
No. of Pages198
PublishedNovember 2023
Forecast Period2023 - 2030
Estimated Market Value ( USD ) in 2023 $ 4.09 Billion
Forecasted Market Value ( USD ) by 2030 $ 6.98 Billion
Compound Annual Growth Rate8.1%
Regions CoveredGlobal
No. of Companies Mentioned10

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