PUBLISHER: The Business Research Company | PRODUCT CODE: 1672284
PUBLISHER: The Business Research Company | PRODUCT CODE: 1672284
Aramid fiber is a synthetic polyamide fiber with long-chain structures, comprising at least 85% synthetic linkages directly connected to two aromatic rings. Primarily used for reinforcement in composites such as sports equipment, aviation, and military vehicles, aramid fiber is also employed in apparel fabrics for items such as fire safety garments and bulletproof jackets.
Two main types of aramid fiber exist such as para-aramid and meta-aramid. Para-aramid is a heat and flame-resistant synthetic fiber characterized by high tensile strength, impact resistance, and low elongation at break. It is additionally resistant to acids and alkalis. Applications span protective fabrics, frictional materials, optical fibers, tire and rubber reinforcement, composites, and more. These find use in various industries such as aerospace and defense, automotive, electronics and telecommunications, sports goods, and others.
The aramid fiber market research report is one of a series of new reports from The Business Research Company that provides aramid fiber market statistics, including aramid fiber industry global market size, regional shares, competitors with an aramid fiber market share, detailed aramid fiber market segments, market trends and opportunities, and any further data you may need to thrive in the aramid fiber industry. This aramid fiber market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The aramid fiber market size has grown rapidly in recent years. It will grow from $5.26 billion in 2024 to $5.8 billion in 2025 at a compound annual growth rate (CAGR) of 10.4%. The growth in the historic period can be attributed to strong economic growth in emerging markets, government spending on military and defense industries, rising need for lightweight materials offering significant emission reduction in vehicles, and government initiatives for the textile industry.
The aramid fiber market size is expected to see rapid growth in the next few years. It will grow to $9.01 billion in 2029 at a compound annual growth rate (CAGR) of 11.6%. The growth in the forecast period can be attributed to increasing population and urbanization, increasing demand from the automotive sector, and growing adoption of 5g technology. Major trends in the forecast period include focus on increasing investments, production of sustainable and eco-friendly fabrics, use of blockchain technology, and partnerships and collaborations to improve their financial strength and product portfolio.
The growing necessity for lightweight materials that contribute to substantial emission reduction in vehicles is a key factor propelling the aramid fiber market. The utilization of lightweight materials in automobiles plays a pivotal role in decreasing overall weight, fuel consumption, and greenhouse gas emissions. Aramid fibers, known for their lightweight and high-strength properties, are employed as reinforced materials in various automotive components, including tires, turbocharger hoses, powertrain components, belts, brake pads, gaskets, clutches, seat textiles, electronics, and seat sensors. The adoption of lightweight materials in the automotive industry is predicted to witness a Compound Annual Growth Rate (CAGR) of 5% by 2028, as per insights from the Electronic Specifier, a UK-based publisher of global electronics sector information resources. Thus, the increasing demand for lightweight materials aiming at significant emission reduction in vehicles is poised to drive the growth of the aramid fiber market.
The surge in demand within the automotive sector is anticipated to be a significant contributor to the growth of the aramid fiber market in the forecast period. Aramid fibers find widespread use in reinforcing various automotive components, such as tires, powertrain elements, turbocharger hoses, brake pads, belts, gaskets, clutches, seat textiles, electronics, seat sensors, and hybrid motor materials. Notably, the passenger vehicle segment in India achieved record-high sales, reaching 2,504,084 units in FY 2022-23 as of November 2022, as reported by Invest India, a National Investment Promotion and Facilitation Agency based in India. The industry is expected to exhibit a growth rate of 16% in FY23. Consequently, the escalating demand within the automotive sector is poised to be a driving force behind the growth of the aramid fiber market.
Major players in the aramid fiber market are significantly increasing their investments to boost production capacities. For example, in December 2023, Kolon Industries, a South Korean chemical and textile manufacturing company, completed a KRW 298.9 billion investment to expand its aramid production facilities at its Gumi plant. This expansion will double its annual capacity to 15,310 metric tons, solidifying its status as Korea's leading aramid manufacturer. The new facility features advanced smart factory technologies and eco-friendly processes, improving production efficiency while reducing environmental impact.
Major companies in the aramid fiber market are increasingly pursuing strategic partnerships to foster innovation, share resources, and expand their market presence. For example, in August 2023, First Solar Inc., a U.S.-based solar technology company, entered into a partnership with UbiQD Inc., a U.S.-based manufacturer of quantum dots and nanocomposites for solar cells. This collaboration involves First Solar investing in the integration of quantum dots directly into its solar panels to enhance electricity generation. The partnership includes financial support from First Solar to facilitate the engineering and adaptation efforts required to incorporate UbiQD's quantum-dot-infused plastic film technology into the solar panel manufacturing process.
In January 2024, DuPont de Nemours, Inc., a U.S.-based chemical company, formed a partnership with Point Blank Enterprises, Inc. (PBE). The objective of this collaboration is to provide body armor made with DuPont's Kevlar EXO aramid fiber specifically for North American state and local law enforcement. This body armor aims to enhance ballistic protection by combining the lightweight flexibility of Kevlar EXO with Point Blank's advanced armor design, thereby improving mobility and comfort for law enforcement personnel. Point Blank Enterprises, Inc. is a U.S.-based company dedicated to the development, manufacturing, and distribution of high-performance protective solutions.
Major companies operating in the aramid fiber market include DuPont, Teijin Ltd, Taekwang Industrial, Toray Industries Inc, Hyosung, Kolon Industries Inc, Huvis Corp, Yantai Tayho Advanced Materials Co. Ltd., X-FIPER New Material Co. Ltd, China National Bluestar Co. ltd, Indorama Corporation Pte Ltd, Far Eastern New Century, Kermel, Coats Group plc, AMANN Group, Solvay, Kamenskvolokno JSC, Special Textile Group, Dexcraft, Texel Inc, Trelleborg Engineered Coated Fabrics, Albany International Corp., WORK PROTEC SA
Europe was the largest region in the aramid fiber market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the aramid fiber market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the aramid fiber market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The aramid fiber market consists of sales of meta-aromatic and para-aromatic polyamide. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Aramid Fiber Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on aramid fiber market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for aramid fiber ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The aramid fiber market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.