The global aramid fiber market is set to witness an impressive growth rate of 5.3% over the forecasted years of 2022 to 2032. The global aramid fiber market size is anticipated to reach a valuation of around US$ 6.4 Billion by the end of year 2032 from the current valuation of US$ 3.8 Billion in 2022.

The global aramid fiber market is being driven by the rising necessity for extremely lightweight polymers from the automobile and armed services & defense sectors for a variety of applications. Additionally, the restrictions pertaining to the reduction of carbon emissions force a number of industrial participants to search for substitute reinforced fibers have fueled the growth aramid fiber market growth even more.

Several industrial protection products is the major application segment of the global aramid fiber market, which is also anticipated to rise positively, thanks to the rising usage of the aromatic polyamides in personal protective gears especially that is resistant to bullets and stabs as well if used in helmets and surgical gloves. The need for protective gears is being fueled by strict safety rules for the workers in sectors including oil and gas, construction, aluminum, and steel, which would be boosting the global aramid fiber market opportunities all over the world.

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Competitive Landscape

Some of the major global aramid fiber market players are Teijin Ltd., Yantai Tayho Advanced Materials Co, E. I. du Pont de Nemours and Company (DowDuPont), Hyosung & Hyosung Corp., Toray Chemicals South Korea, Inc., Kermel S.A., Kolon Industries, Inc., Huvis Corp., China National Bluestar (Group) Co., Ltd., and SRO Aramid (Jiangzu) Co., Ltd. among others.

Key Segments Covered in Aramid Fiber Industry Research

By Product Type:

  • Para-Aramid
  • Meta-Aramid

By Application:

  • Security & Protection
  • Frictional Materials
  • Rubber Reinforcement
  • Optical Fibers
  • Tire Reinforcement
  • Electrical Insulation
  • Aerospace
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa

Recent Developments in the Global Aramid Fiber Market:

  • The anticipated 25 percent improvement for TEIJIN LIMITED’s Twaron aramid fibers entered its next phase in November 2019. This key aramid fiber company’s operations is expected to benefit from the production boost, which is anticipated to happen by 2022 at both of its Dutch plants in Delfzijl and Emmen.
  • Teijin Ltd. achieved the development of high-performance para-aramid fibers using eco-friendly raw materials in 2020. Numerous products, such as vehicle tires, air transport vessels, and personal protective apparels, utilize these fibers.

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