Aramid Fiber Market poised to reach a valuation of US$ 6.4 Billion by 2032

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 The global aramid fiber market is set to witness an impressive growth rate of 5.3% over the forecasted years of 2022 to 2032. The global aramid fiber market size is anticipated to reach a valuation of around US$ 6.4 Billion by the end of year 2032 from the current valuation of US$ 3.8 Billion in 2022.

  • The absolute growth of the global aramid fiber market in terms of dollars is estimated to be around US$ 3.4 Billion during the coming decade by following the average CAGR of 5.3%.
  • The para-aramid fiber group holds the major share of the global aramid fiber market by contributing for almost 75% of the sales achieved globally.
  • While the meta-aramid fiber group is expected to witness the highest growth rate owing to its better thermal resistance capacities.
  • In application categories, security & protection segment remains the dominant sector for the global aramid fiber market share.
  • On the other hand, recent developments in automobile industry have rendered the frication material application segments as a lucrative option for several global aramid fiber market players.
  • Traditionally, Europe retained the leading market for aramid fiber composited, that has overturned in recent years owing to the industrialization and gradual trade shift towards the Asia Pacific economies.
  • The Asia Pacific region is projected to grow at a pace of 6% CAGR, mainly driven by the China aramid fiber market.
  • The anticipated 25 percent improvement for TEIJIN LIMITED’s Twaron aramid fibers entered its next phase in November 2019. This key aramid fiber company’s operations is expected to benefit from the production boost, which is anticipated to happen by 2022 at both of its Dutch plants in Delfzijl and Emmen.
  • Teijin Ltd. achieved the development of high-performance para-aramid fibers using eco-friendly raw materials in 2020. Numerous products, such as vehicle tires, air transport vessels, and personal protective apparels, utilize these fibers.
  • Para-Aramid
  • Meta-Aramid
  • Security & Protection
  • Frictional Materials
  • Rubber Reinforcement
  • Optical Fibers
  • Tire Reinforcement
  • Electrical Insulation
  • Aerospace
  • Others
  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa
  1. Executive Summary
  1. Market Overview
  1. Market Background
  2. Global Aramid Fiber Market Analysis 2017–2021 and Forecast, 2022–2032
  3. Global Aramid Fiber Market Analysis 2017–2021 and Forecast 2022–2032, By Product

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