1h Free Analyst Time
The Aramid Fiber Market size was estimated at USD 8.64 billion in 2023, USD 9.57 billion in 2024, and is expected to grow at a CAGR of 10.84% to reach USD 17.76 billion by 2030. Speak directly to the analyst to clarify any post sales queries you may have.
The aramid fiber market comprises manufacturers, distributors, and end-users of synthetic fibers characterized by their high strength, heat resistance, and chemical stability. These fibers are primarily utilized in various industries such as aerospace & defense, automotive, electrical & electronics, industrial applications, personal protective equipment (PPE), and telecommunications. With the growing demand for lightweight materials with superior strength and durability across diverse sectors, the scope of aramid fiber applications is expanding rapidly. Stringent safety regulations across industries prompt the utilization of advanced protective equipment like fire-resistant clothing made from aramid fibers.
On the other hand, the high cost associated with the production of aramid fibers and the availability of alternative materials hinder market growth. However, the improvements in aramid material and manufacturing technology and investments in military expenditure worldwide are expected to proliferate the use and development of aramid fibers in the coming years.
Regional Insights
In the United States, the aramid fiber market is driven by strong demand from the aerospace, defense, and automotive industries. Manufacturers are focusing on investing in research and development to produce lightweight materials with high strength and durability. Canada's aramid fiber market is primarily driven by its growing oil & gas industry, which requires protective clothing and equipment made from durable materials like aramid fibers. In the European Union (EU), stringent regulations regarding safety standards across various industries have increased the demand for aramid fibers in protective clothing, especially in countries such as Germany, France, and Italy.Investments in renewable energy projects have also spurred growth in the wind energy sector, requiring robust materials such as aramid fibers for wind turbine manufacturing. Recent EU-funded research initiatives aim to develop novel processing techniques for these fibers to enhance their properties further. The Middle East and Africa region presents considerable growth prospects for aramid fiber manufacturers due to increasing investments in infrastructure development projects that require high-performance materials. Furthermore, demand from the oil & gas sector bolsters this region's market potential. China holds a prominent position in the global aramid fiber market due to its rapidly expanding end-use sectors such as aerospace, automotive, construction, and electrical & electronics. The Indian aramid fiber market is projected to grow rapidly due to increasing industrialization, investments in infrastructure projects, and heightened focus on safety norms across various industries.
Market Trends by Segment
- Type: Growing demand for para-aramid fibers for lightweight industrial components
- Application: Rising potential for aramid fibers in optical cables with increasing investments in 5G network
Industry Insights
- Market Dynamics
- Market Disruption Analysis
- Porter’s Five Forces Analysis
- Value Chain & Critical Path Analysis
- Pricing Analysis
- Technology Analysis
- Patent Analysis
- Trade Analysis
- Regulatory Framework Analysis
- FPNV Positioning Matrix
- Market Share Analysis
- Strategy Analysis and Recommendations
Recent Developments
Apply Carbon Establishes Mass Recycled Carbon Fiber Production Facility
Apply Carbon opened a 16,500-square-meter factory for recycling carbon and para-aramid fibers. The facility has a production capacity of 2,000 metric tons of recycled carbons and 700 metric tons of para-aramid fibers per year. It can handle up to 4,000 metric tons of recycled carbons and 700 metric tons of para-aramid fibers. The processes in the factory are automated to ensure cost-effectiveness and reproducibility in batches.Sinochem International Expands Presence in Aramid Fiber Industry Chain
Sinochem Holdings Corporation Ltd. debuted at the China International Optoelectronic Exposition (CIOE2023), showcasing its complete line of para-aramid products. These innovative solutions are utilized as non-metallic reinforcement materials for applications in optical fiber cables, significantly enhancing the overall performance of the cables. In response to the increasing demand for para-aramid fiber, the company is currently undertaking a 2,500-ton-per-year expansion project. Sinochem International has adopted a comprehensive strategy encompassing the entire supply chain, multiple product lines, and full lifecycle management to position itself as one of the top three global producers in capacity.Kolon Industries to Double Output of High-Strength Aramid Fibers
Kolon Industries, Inc. announced its plans to double the production of para-aramid materials by the end of this year, which is expected to increase the output of their Gumi plant from 7,500 tons to 15,000 tons. The increased demand for para-aramid for 5G fiber has led Kolon to expand its production capacities. Kolon aims to meet the growing customer requirements, catering to a wider range of industries beyond tire companies.Key Company Profiles
The report delves into recent significant developments in the Aramid Fiber Market, highlighting leading vendors and their innovative profiles. These include Albarrie Canada Limited, Aramid Hpm, LLC, Artec by Pro-Systems SpA, Bannor Industrial Co., Ltd., China National Bluestar (Group) Co, Ltd., CNV Group, DuPont de Nemours, Inc., Fiber-line, Final Advanced Materials SARL, GD Textiles (Madurai) Pvt. Ltd., Huvis Corporation, Hyosung Group, JSC Kamenskvolokno, Karsu Tekstil A.Ş., Kermel, Kolon Industries Inc., Labon Technical Fiber, Lydall, Inc., Plascore, Inc., Shanghai J&S New Materials Co., Ltd., Shenma Industrial Co., Ltd., Sinochem Holdings Corporation Ltd., Sinopec Yizheng Chemical Fibre Limited Liability Company, Supreme Industrial Co., Taekwang Industrial Co., Ltd., Teijin Limited, Toray Industries, Inc., Toyobo Co., Ltd., Vizag Chemical International, W. Barnet GmbH & Co. KG, X-FIPER New Material Co., Ltd., Yantai Tayho Advanced Materials Co., Ltd., and YF international B.V.This research report offers invaluable insights into various crucial aspects of the Aramid Fiber Market:
- Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
- Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
- Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
- Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
- Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.
Additionally, the report addresses key questions to assist stakeholders in making informed decisions:
- What is the current market size and projected growth?
- Which products, segments, applications, and regions offer promising investment opportunities?
- What are the prevailing technology trends and regulatory frameworks?
- What is the market share and positioning of the leading vendors?
- What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?
Please note: For this report, the purchase of an Enterprise license allows up to ten worldwide users of an organization access to the report
Please note: This report can be updated on request. Please contact our Customer Experience team using the Ask a Question widget on our website.
With the purchase of this report at the Multi-user License or greater level, you will have access to one hour with an expert analyst who will help you link key findings in the report to the business issues you're addressing. This will need to be used within three months of purchase.
This report also includes a complimentary Excel file with data from the report for purchasers at the Site License or greater level.
Table of Contents
1. Preface
2. Research Methodology
5. Market Insights
6. Aramid Fiber Market, by Type
7. Aramid Fiber Market, by Application
8. Americas Aramid Fiber Market
9. Asia-Pacific Aramid Fiber Market
10. Europe, Middle East & Africa Aramid Fiber Market
11. Competitive Landscape
12. Competitive Portfolio
List of Figures
List of Tables
Companies Mentioned
- Albarrie Canada Limited
- Aramid Hpm, LLC
- Artec by Pro-Systems SpA
- Bannor Industrial Co., Ltd.
- China National Bluestar (Group) Co, Ltd.
- CNV Group
- DuPont de Nemours, Inc.
- Fiber-line
- Final Advanced Materials SARL
- GD Textiles (Madurai) Pvt. Ltd.
- Huvis Corporation
- Hyosung Group
- JSC Kamenskvolokno
- Karsu Tekstil A.Ş.
- Kermel
- Kolon Industries Inc.
- Labon Technical Fiber
- Lydall, Inc.
- Plascore, Inc.
- Shanghai J&S New Materials Co., Ltd.
- Shenma Industrial Co., Ltd.
- Sinochem Holdings Corporation Ltd.
- Sinopec Yizheng Chemical Fibre Limited Liability Company
- Supreme Industrial Co.
- Taekwang Industrial Co., Ltd.
- Teijin Limited
- Toray Industries, Inc.
- Toyobo Co., Ltd.
- Vizag Chemical International
- W. Barnet GmbH & Co. KG
- X-FIPER New Material Co., Ltd.
- Yantai Tayho Advanced Materials Co., Ltd.
- YF international B.V.
Methodology
LOADING...
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 193 |
| Published | May 2024 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 9.57 Billion |
| Forecasted Market Value ( USD | $ 17.76 Billion |
| Compound Annual Growth Rate | 10.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 33 |
