Aramid Fiber Market Share

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.