Aramid Fiber Market Trends

  • Report ID: 5126
  • Published Date: Oct 14, 2024
  • Report Format: PDF, PPT

Aramid Fiber Market Trends

Growth Drivers

  • Rising Demand for Protective Clothing : Protective clothing demand is growing from the military in order to protect their body from bullets and armor. Additionally, their growth is also high among firefighters. Firefighters require protective gear that allows them to protect their bodies and lives from the effects of heat and flame. Since aramid fibers are heat and flame resistive, it is high in demand among them.
  • Growing Manufacturing of Aircraft: Commercial aviation is under constant strain to increase performance due to rising fuel prices and environmental activism, and weight reduction is a crucial component of the equation. Hence, the use of aramid fiber in aircraft is growing since all the issues could be resolved with the use of this composite material.
  • Surge in the Use of Aramid Fiber in Consumer Electronics : The consumer electronics sector is driving up demand for aramid fibers, which is a new market trend. Companies that manufacture consumer devices employ aramid fibers for a range of optical applications. Some of the numerous applications for which they might be able to offer prospective solutions include rollers, mobile phones, LCD panels, projectors, wearable electronics, gasket optics, lighting, and many others.

Challenges

  • High Cost of Aramid Fiber - The high cost of development and the maintenance of quality are the main obstacles to market expansion. Producers of aramid fiber need to invest a sizable investment in the creation of aramid fiber items utilized in security and protective applications in order to meet the high criteria for quality, materials, and performance established by the end-user industries. Aramid fiber makers must also keep up the quality of their products in order to remain competitive, which is expected to increase their cost of quality. For instance, specialized equipment is required to cut and grind aramid fibers for further applications. Since UV light might cause them to deteriorate, they also require particular quality assurance inspections.
  • Availability of Alternative
  • Effect of Aramid Fiber on Environment

Aramid Fiber Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

6.5%

Base Year Market Size (2024)

USD 4.56 billion

Forecast Year Market Size (2037)

USD 10.15 billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Author Credits:  Rajrani Baghel


  • Report ID: 5126
  • Published Date: Oct 14, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of aramid fiber is estimated at USD 4.79 billion.

The 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. The market growth is driven by rising demand for protective clothing, growing manufacturing of aircraft, and surge in use of aramid fiber in consumer electronics.

Europe industry is poised to dominate 44% revenue share by 2037, backed by growing demand for luxury cars in the region.

The major players in the market include DuPont de Nemours Inc., Yantai Tayho Advanced Materials Co, Ltd.Hyosung CorporationKermelKolon Industries, Inc.HuvisChina National BlueStar Group Co., Ltd.Taekwang Industrial, Co., Ltd.Mussel Polymers Inc.Bluestar New Material Co. Ltd.
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