The global Aramid Fiber market had reached approximately 105 thousand tonnes in the year 2023 and is expected to grow at a CAGR of 5.88% during the forecast period until 2032.
Aramid Fiber is the stronger version of polyamide 6 Fiber. It is industrially prepared by the chemical reaction between an amine group and a carboxylic acid halide group. Generally, spinning process is utilized for the preparation of Aramid Fiber. In their chemical structure, they have the connectivity of −(NH−C6H4−CO) n− group. They offer very high tensile strength, water-resistance, corrosion resistance, abrasion resistance, and mechanical properties due to linking in their structure. Furthermore, they show excellent stability at high temperature but melt at temperature greater than 500 degree They have various industrial applications like security and protection, Rubber & Tire Reinforcement, Frictional Material, Optical Fiber, and others Celsius. Aramid Fiber has a wide range of applications such as manufacture of ropes, cables, V-belts, heat-resistant coatings and clothing, snowboards, tennis springs, car tires, turbocharger hoses, train parts, disc brakes, belts, gaskets, clutches, seat fabrics, electronics, seat sensors.
The primary driver of Aramid Fiber global market is accounted by the Automotive sector. In 2023, approximately 32% of global Aramid Fiber was utilized by Automotive sector. This sector is anticipated to rise in response to rising demand of vehicles for transportation and travel purposes in the coming years. Due to its superior properties, like water-resistance, corrosion-resistance and stability at high temperatures, the global Aramid Fiber demand by the Safety & protection Equipment industry is also expected to rise during the forecast period. The global Aramid Fiber is anticipated to expand and reach approximately 170 thousand tonnes by 2032.
Based on demand across the globe, Asia Pacific is the biggest consumer of Aramid Fiber. This region accounted for a demand of approximately 36% of the global Aramid Fiber in 2023. The demand for products in APAC is projected to be expanded by growing industrialization and strong expansion of automotives for transportation of goods. The increasing spending on the military in major economies like India is anticipated further expand the usage of Safety & protection Equipment which is expected to further propel the demand of Aramid Fiber. North America is the second largest consumer of global Aramid Fiber. Furthermore, Asia Pacific is also taking the lead as a producer of this Fiber amongst all the other regions.
Based on type, the global Aramid Fiber market is segregated into Para Aramid and Meta Aramid. Para Aramid is the primarily sold in the market. It accounted for a demand of about 61% of the global Aramid Fiber market in 2023. Para aramid is used for hi-tech applications such as manufacture of bullet proof vests for military and police people.
Based on end-uses, the global Aramid Fiber market is segregated into Automotive, Safety & protection Equipment, Electronic & Telecommunication, Aerospace, and Others. Although, the Automotive industry is the dominating as a consumer industry for Aramid Fiber market. It is anticipated to remain the most significant consumer in forecast period. However, Safety & protection Equipment is also a close competitor as a consumer. The consumption of Aramid Fiber in the Aerospace industry is expected to soar in the forecast period where Aramid Fiber is used for making fuel tanks and doors.
Major players in the production of Global Aramid Fiber are Du Pont-Toray Co. Ltd, Teijin Limited, Kolon Industries Inc., YTTH Advanced Materials Technology Group, Hyosung Corporation, Toray Industries Inc., SRO Aramid, Huvis Corporation, and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2023
Estimated Year: 2024
Forecast Period: 2025-2032
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Objective of the Study:
• To assess the demand-supply scenario of Aramid Fiber which covers production, demand and supply of Aramid Fiber market in the globe.
• To analyse and forecast the market size of Aramid Fiber
• To classify and forecast Global Aramid Fiber market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Aramid Fiber market in the globe.
To extract data for Global Aramid Fiber market, primary research surveys were conducted with Aramid Fiber manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Aramid Fiber market over the coming years.
ChemAnalyst calculated Aramid Fiber demand across the globe by analyzing the volume of Aramid Fiber consumed by the end-user industries and the forecast is calculated based on the growth rate of end-use industries. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them by analyzing the historical sales data of respective manufacturers to determine the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Aramid Fiber manufacturers and other stakeholders
• Organizations, forums and alliances related to Aramid Fiber distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Aramid Fiber s manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Aramid Fiber s market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2023
105 thousand tonnes
Market size Volume by 2032
170 thousand tonnes
Growth Rate
CAGR of 5.88% from 2024 to 2032
Base year
2023
Estimated year
2024
Historical Data
2015 – 2022
Forecast period
2025 – 2032
Quantitative units
Demand in thousand tonnes and CAGR from 2024 to 2032
Report coverage
Industry Market Size, Capacity By Company, Capacity by Location, Capacity by Technology, Production by Company, Demand by End- Use, Demand by Type, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Foreign Trade, Manufacturing Process.
Segments covered
By End-Use: (Automotive, Safety & protection Equipment, Electronic & Telecommunication, Aerospace, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Market Data & Insights
Table of Content
1. Industry Market Size
It is an essential metric for market analysis, as it provides insights into the overall size and growth potential of Aramid Fiber market in terms of value and volume.
2. Capacity By Company
On our online platform, you can stay up to date with essential manufacturers and their current and future operation capacity on a practically real-time basis for Aramid Fiber.
3. Capacity By Location
To better understand the regional supply of Aramid Fiber by analyzing its manufacturers' location-based capacity.
4. Capacity By Technology
To better assess the manufacturing capacities with different technologies as well as understand which technology is more in demand.
5. Production By Company [Quarterly Update]
Study the historical annual production of Aramid Fiber by the leading players and forecast how it will grow in the coming years.
6. Demand by Type
Learn about the various types of Aramid Fiber- Para Aramid and Meta Aramid, and their demands. It will allow you to choose which type to concentrate on when designing your strategy.
7. Demand by End- Use [Quarterly Update]
Discover which end-user industry (Automotive, Safety & protection Equipment, Electronic & Telecommunication, Aerospace, and Others) are creating a market and the forecast for the growth of the Aramid Fiber market.
8. Demand by Region
Analyzing the change in demand of Aramid Fiber in different regions, i.e., North America, Europe, Asia Pacific, Middle East and Africa, and South America, that can direct you in mapping the regional demand.
9. Demand by Sales Channel (Direct and Indirect)
Multiple channels are used to sell Aramid Fiber. Our sales channel will help in analyzing whether distributors and dealers or direct sales make up most of the industry's sales.
10. Demand-Supply Gap
Determine the supply-demand gap to gain information about the trade surplus or deficiency of Aramid Fiber.
11. Company Share
Figure out what proportion of the market share of Aramid Fiber is currently held by leading players across the globe.
12. Country-wise Export
Get details about quantity of Aramid Fiber exported by major countries.
13. Country-wise Import
Get details about quantity of Aramid Fiber imported by major countries.
14. Manufacturing Process
Discover insights into the intricate manufacturing process of Aramid Fiber.
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Which region is leading as a consumer of the global Aramid Fiber market?
Ans:
Asia Pacific is the largest consumer of the global Aramid Fiber market.
Q2.
Which end-use industry is dominating the Global Aramid Fiber market?
Ans:
The Automotive industry is dominating the Aramid Fiber market with a market share of about 30% in 2023.
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