Aramid Fiber Market Size Report, Forecast and Trends 2030

Aramid Fiber Market Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Product Type (Para-Aramid Fiber and Meta-Aramid Fiber) and End-Use Industry (Safety & Protection Equipment, Aerospace, Automotive, Electronics & Telecommunication, and Others)

Publication Month : Dec 2023

  • Report Code : TIPRE00006084
  • Category : Chemicals and Materials
  • Status : Data Released
  • No. of Pages : 150
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[Research Report] The aramid fiber market size was valued at US$ 3.61 billion in 2022 and is expected to reach US$ 6.49 billion by 2030; it is estimated to register a CAGR of 7.6% from 2022 to 2030.

Market Insights and Analyst View:

Aramid fibers, also known as aromatic polyamides, are synthetic fibers with exceptional strength, heat resistance, and durability. They are renowned for their high tensile strength, which is five to six times greater than that of steel, and their lightweight nature, being only one-fifth the weight of steel. These remarkable properties make these fibers valuable for a wide range of applications, particularly in industries that demand high performance and safety. The unique structure of aramid fibers contributes significantly to their exceptional properties. These fibers consist of long chains of polyamide molecules, where the amide linkages are directly linked to aromatic rings. This arrangement results in a rigid, rod-like structure that imparts remarkable strength and stiffness to the fibers. Additionally, the aromatic rings provide inherent heat resistance and stability, allowing these fibers to withstand high temperatures without significant degradation.   

Growth Drivers and Challenges:

The growing demand from the automotive industry has been a major driving force behind the expansion of the aramid fiber market. The demand for these fibers has increased exponentially as automotive manufacturers increasingly focus on producing lighter and more fuel-efficient vehicles. The high strength-to-weight ratio of these fibers, particularly para-aramid variants, including Kevlar, allows for the development of lightweight components without compromising structural integrity. In the automotive sector, these fibers are used extensively in various applications, including manufacturing tires, brakes, pads, and composite materials. The reinforcement of these components with these fibers enhances their durability and resistance to wear, contributing to a longer lifespan and improved overall performance. Moreover, these fibers are utilized in producing automotive composites, providing a balance between strength and weight crucial for achieving fuel efficiency goals. Thus, all these factors are driving the demand for aramid fibers in the automotive sector.

The aramid fiber market, however, faces limitations in growth due to the availability of substitutes that offer similar or alternative properties. Carbon fiber is one of the major substitutes for these fibers, which shares some characteristics with aramid fibers, including high strength and lightweight properties. In certain applications, manufacturers may opt for carbon fiber as an alternative, especially when seeking materials with superior stiffness or conductivity. This competition from substitutes poses a challenge to the widespread adoption of these fibers, particularly in industries where both materials could potentially meet the required specifications.

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Aramid Fiber Market: Strategic Insights

aramid-fiber-market
Market Size Value inUS$ 3.61 billion in 2022
Market Size Value byUS$ 6.49 billion by 2030
Growth rateCAGR of 7.6% from 2022 to 2030
Forecast Period2022-2030
Base Year2022
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Report Segmentation and Scope:

The "Global Aramid Fiber Market Analysis to 2030" is a specialized and in-depth study with a major focus on market trends and growth opportunities across the globe. The report aims to provide an overview of the market with detailed market segmentation by product type and end-use industry. The market has witnessed high growth in the recent past and is expected to continue this trend during the forecast period. The report provides key statistics on the consumption of aramid fiber globally. In addition, the report provides a qualitative assessment of various factors affecting the aramid fiber market performance globally. The report also includes a comprehensive analysis of the leading players in the market and their key strategic developments. Several analyses on the market dynamics are also included to help identify the key driving factors, market trends, and lucrative opportunities that would, in turn, aid in identifying the major revenue pockets.

The ecosystem analysis and Porter's five forces analysis provide a 360-degree view of the market, which helps understand the entire supply chain and various factors affecting the global aramid fiber market growth. 

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Segmental Analysis:

On the basis of product type, the market is bifurcated into para-aramid fiber and meta-aramid fiber. In terms of end-use industry, the market is segmented into safety & protection equipment, aerospace, automotive, electronics & telecommunication, and others. The safety & protection equipment segment registered a significant aramid fiber market share in 2022. Aramid fibers, particularly para-aramid variants such as Kevlar, are renowned for their exceptional strength, high modulus, and resistance to impact, making them ideal for applications where safety and protection are paramount. This fiber is extensively used in the manufacturing of ballistic vests and helmets. The inherent ballistic resistance of these fibers, coupled with their lightweight nature, makes them a preferred choice for body armor. Military and law enforcement agencies worldwide widely use aramid-based protective gear to provide personnel with effective protection against ballistic threats without compromising mobility. All these factors are driving the aramid fiber market for the safety & protection equipment segment.

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Regional Analysis:

Based on geography, the aramid fiber market is segmented into five key regions—North America, Europe, Asia Pacific, South & Central America, and the Middle East & Africa. The market was dominated by Asia Pacific, which accounted for ~US$ 1. billion in 2022. The region encompasses an ample number of opportunities for the growth of the market. Rising foreign direct investments also lead to economic growth in the region. The growing use of these fibers in numerous applications, including automotive parts, electronics, and others, is anticipated to increase the aramid fiber demand in Asia Pacific.

Europe is expected to register a CAGR of over 8.0% from 2022 to 2030. Aramid fibers are crucial for manufacturing lightweight yet robust components in aircraft structures and ballistic protection systems. With Europe being home to leading aerospace companies and a significant defense sector, the demand for aramid fibers in these industries continues to rise. Further, North America is expected to reach around US$ 1.7 billion in 2030.  

Industry Developments and Future Opportunities:

Various initiatives taken by the key players operating in the aramid fiber market are listed below:

  • In April 2023, DuPont de Nemours Inc. announced the launch of Kevlar EXOTM aramid fiber. Kevlar EXO will provide a combination of lightness, flexibility, and protection from aramid fiber, with life protection as the first of many use cases.

COVID-19 Impact:

The COVID-19 pandemic adversely affected almost all industries in various countries. Lockdowns, travel restrictions, and business shutdowns in North America, Europe, Asia Pacific (APAC), South & Central America, and the Middle East & Africa (MEA) hampered the growth of several industries, including the chemical & materials industry. The shutdown of manufacturing units of aramid fibers companies disturbed global supply chains, manufacturing activities, and delivery schedules. Various companies reported delays in product deliveries and a slump in their product sales in 2020. Most industrial manufacturing facilities were shut down during the pandemic, decreasing the consumption of these fibers. In addition, the COVID-19 pandemic has caused fluctuations in aramid fiber prices. However, various industries revived their operations after supply constraints were resolved, which led to a revival of the plastic container market. Moreover, the rising demand for these fibers from the automotive industry is substantially promoting the aramid fiber market growth.

Competitive Landscape and Key Companies:

DuPont de Nemours Inc, Teijin Limited, Yantai Tayho Advanced Materials Company, Hyosung Corporation, Toray Industries Inc, Kolon Industries, Huvis Corporation, China National Bluestar (Group) Co Ltd, Taekwang Industrial Co Ltd, and Kermel SAS are among the key players operating in the global aramid fiber market. The global market players focus on providing high-quality products to fulfill customer demand.

Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Product Type, and End-Use Industry

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

Frequently Asked Questions


What are the key factors influencing the aramid fiber market growth?

Due to their excellent strength-to-weight ratio and heat resistance properties, aramid fibers play an essential role in composite materials and automotive and military applications. They can easily be integrated into textile applications in protective clothing, offer greater protection against heat, flame, and chemical products, and provide maximum comfort and absolute reliability. These fibers are a class of strong synthetic fibers commonly used in ballistic-rated body armor fabrics and composites. This reinforced fiber is lightweight and has a tensile strength five times stronger than the same weight, with high heat resistance and low cutting capacity. Growing demand from these end-used industries is driving the demand for aramid fiber from 2022 to 2030.

Which end-use industry segment is expected to account for the fastest growth in the global aramid fiber market?

Aramid fibers, particularly para-aramid variants such as Kevlar, are renowned for their exceptional strength, high modulus, and resistance to impact, making them ideal for applications where safety and protection are paramount. This fiber is extensively used in the manufacturing of ballistic vests and helmets. The inherent ballistic resistance of these fibers, coupled with their lightweight nature, makes them a preferred choice for body armor. Military and law enforcement agencies worldwide widely use aramid-based protective gear to provide personnel with effective protection against ballistic threats without compromising mobility. All these factors are expected to drive the safety & protection equipment from 2022 to 2030.

In 2022, which end-use industry segment registered highest the global aramid fiber market?

The automotive segment held the largest share of the global aramid fiber market in 2022. Aramid fibers are extensively used as a substitute for fiberglass and steel due to their lightweight, high tensile strength, and superior corrosion resistance in automotive hose manufacturing. Manufacturers in the automotive industry are constantly looking to stay competitive by bringing innovative products to market. Safety aspects, excellent performance, and the need for sustainability pressurizes the automotive industry to develop high-quality products.

In 2022, which product type segment is leading the global aramid fiber market?

The para-aramid fiber segment held the largest share in the global aramid fiber market in 2022. Para-aramids have high tensile strength (the highest stress that a material can withstand) and modulus behavior (the tendency of a material to deform when force is applied). The dry-jet, wet-spinning method is used to make these fibers, which results in fiber with completely extended liquid crystal chains generated along the fiber axis and a high degree of crystallinity, which boosts the fiber's strength. Their increasing use in security and safety applications drives the demand for para-aramid fibers. It is used in protective clothing such as bulletproof vests, helmets, and vehicle armor due to its ultra-high strength and rigid and highly oriented molecular structure. Thus, growing demand from the product type sectors led to the dominance of the para-aramid fiber segment in 2022.

Can you list some of the major players operating in the global aramid fiber market?

A few players operating in the global aramid fiber market include DuPont de Nemours Inc, Teijin Limited, Yantai Tayho Advanced Materials Company, Hyosung Corporation, Toray Industries Inc, Kolon Industries, Huvis Corporation, China National Bluestar (Group) Co Ltd, Taekwang Industrial Co Ltd, and Kermel SAS.

In 2022, which region held the largest share of the global aramid fiber market?

In 2022, Asia Pacific held the largest share of the global aramid fiber market. The region encompasses an ample number of opportunities for the growth of the market. Rising foreign direct investments also lead to economic growth in the region. The growing use of these fibers in numerous applications, including automotive parts, electronics, and others. All these factors led to the dominance of the Asia Pacific region in 2022.

The List of Companies - Aramid Fiber Market

  1. DuPont de Nemours Inc
  2. Teijin Limited
  3. Yantai Tayho Advanced Materials Company
  4. Hyosung Corporation
  5. Toray Industries Inc
  6. Kolon Industries
  7. Huvis Corporation
  8. China National Bluestar (Group) Co Ltd
  9. Taekwang Industrial Co Ltd
  10. Kermel SAS

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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