Aramid Fiber Market size was valued at USD 4.56 billion in 2024 and is expected to cross USD 10.15 billion by the end of 2037, expanding at more than 6.5% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of aramid fiber is estimated at USD 4.79 billion.
The major element driving the market expansion is the growth in demand for lightweight vehicles such as electric vehicle or hybrid vehicles. For instance, the total number of EVs sold globally at the end of 2021 was about 17 million, an upsurge of approximately 57% from the end of 2020. About 94 percent of these cars were LDVs, while only approximately 4% were HDVs. Aramid fiber has high resistivity to great temperatures hence it is the most suitable fiber being used in electric vehicles. Additionally, since they are lightweight their demand is growing in electric vehicles.
Moreover, government all over the world are initiating various policies in order to influence the growth of the electric vehicles. This could be owing to rising emission levels from the automotive. Hence, this could be another major factor to boost the market demand.
Growth Drivers
Challenges
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
6.5% |
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Base Year Market Size (2024) |
USD 4.56 billion |
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Forecast Year Market Size (2037) |
USD 10.15 billion |
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Regional Scope |
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Application (Frictional Materials, Rubber Reinforcement, Security & Protection, Optical Fibers, Tire Reinforcement, Electrical Insulation, Aerospace)
The frictional materials segment in the aramid fiber market is set to garner the highest revenue share of about 55% by the end of 2037. Due to their characteristics including thermal stability, superior wear qualities, and stable coefficient of friction, these fibers are in higher demand as frictional materials. This fiber is favored above others including glass, cellulose, and carbon because it is most successful at boosting resistance. These fibers are widely employed in the production of brake pads and other equipment because they tend to cause less harm to surfaces when they are used.
Product Type (Para-Aramid, Meta-Aramid)
Aramid fiber market from the para-aramid segment is projected to gather the highest share of about 74% over the forecast period. These fibers are widely used in the defense, security, and automotive industries. Para-aramid fibers are used for reinforcement in wire and cable, hoses, race vehicles, protective gloves, wire and cable, and ballistic protection. They are also employed as tire reinforcement, brake pad friction material, optic fiber cables, rope, deep-sea oil drilling, ballistic protection, and protective materials. Features including improved rust, humidity, and heat resistance in harsh environments are going to propel this market segment. Additionally, the segment is driven by its use in defense, aerospace, and military for bulletproof body armor.
Our in-depth analysis of the global market includes the following segments:
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Product Type |
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Application |
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European Market Forecast
The aramid fiber market in Europe is poised to dominate 44% revenue share by 2037, backed by growing demand for luxury cars. It is estimated that, by 2027, about 60,000 units of luxury cars would be sold in Europe. Also, manufacturers of these luxury cars are making use of frictional material which is why the market in this region is set to grow. Additionally, the concern for workers' safety in factories growing. Hence, the workers are increasingly equipped with safety gear manufactured from aramid fiber.
APAC Market Analysis
The Asia Pacific market for aramid fiber is anticipated to have noteworthy growth over the forecast period. As a result of strengthened security frameworks in many industries, the Asia Pacific aramid fiber market is anticipated to expand throughout the aforementioned years. Due to increasing optical fiber demand and industrialization in emerging economies including China and India, broadband subscriptions in developing countries, rapid industrialization, and significant telecommunications sector expansion in low-income countries are anticipated to drive Asia-Pacific aramid fiber product demand.
Author Credits: Rajrani Baghel
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