Aramid Fibers Market, By Type, By Application, By Geography

Description

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:
- Para-aramid
- Meta-aramid
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

Product Code: CMI5406

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
- Browse 25 market data tables* and 20 figures* on "Global Aramid Fibers Market" - Global forecast to 2031.