According to the recent study the aramid fiber market is projected to reach an estimated $4 billion by 2030 from $3 billion in 2023 at a CAGR of 5% from 2023 to 2030. Growth in this market is primarily driven by increasing usage of aramid fiber in brake pads, clutches, gaskets, linings, and tires in automotive and the growing demand for protective clothing from defense and industrial sectors.
Browse 92 figures/charts
and 62 tables in this 155-page report to understand trends, opportunities and
forecast in aramid fiber market by application (safety and protection,
frictional material, rubber reinforcement, electrical transmission, and
others), type (para aramid fiber and meta aramid fiber), end use (aerospace,
automotive, electronics and telecommunication, protective clothing, and
others), and region (North America, Europe, Asia Pacific, and the Rest of the
World).
Lucintel forecasts that
safety and protection will remain the largest application by value and volume
due to increasing in government initiatives for the safety of the employees and
public.
Para aramid fiber is
expected to remain the largest market by value and volume over the forecast
period mainly driven by its increasing use in automotive, defense, and
industrial sector.
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aramid fiber market.
North America is
expected to remain the largest market and due to increasing demand for
lightweight and flexible materials from the automotive and military &
defense industries. APAC is expected to witness the highest growth over the
forecast period.
Kolon Industries Inc.,
E.I. Du Pont de Nemours, Teijin Aramid, Yantai Tayho Advanced Materials, and
Hyosung Corporation are the major suppliers in the aramid fiber market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com.
About Lucintel
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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