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, according to a new report by Grand View Research, Inc. 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.
Gather more insights about the market drivers, restrains and growth of the Global Aramid Fiber Market
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 resistanceSecurity & 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 sectorsEurope 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 playersBrowse through Grand View Research's Advanced Interior Materials Industry Research Reports.
Silicon Carbide Fibers Market: The global silicon carbide fibers market size was valued at USD 1.20 billion in 2024 and is projected to grow at a CAGR of 28.1% from 2025 to 2030.Lightweight Materials Market: The global lightweight materials market was valued at USD 197.1 billion in 2024 and is projected to grow at a CAGR of 9.6% from 2025 to 2030.Aramid Fiber Market Segmentation
Grand View Research has segmented the global aramid fiber market on the basis of on product, application, and region:
Aramid Fibers Product Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)
Para-aramidMeta-aramidAramid Fibers Application Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)
Security & ProtectionFrictional MaterialsRubber ReinforcementOptical FibersTire ReinforcementElectrical InsulationAerospaceOthersAramid Fibers Regional Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)
North AmericaS.CanadaMexicoEuropeGermanyUKFranceItalyRussiaAsia PacificChinaJapanIndiaSouth KoreaCentral & South AmericaBrazilMiddle East & AfricaOrder a free sample PDF of the Aramid Fiber Market Intelligence Study, published by Grand View Research.
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