Global Aramid Fiber Market
Paper, Plastics, Rubber, Wood And Textile

Aramid Fiber Market Size and Growth Forecast for Businesses 2025–2029

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What Are The Growth Projections For The Aramid Fiber Market Size During 2025–2029?

The aramid fiber market has recorded strong growth in recent years. It is forecast to grow from $5.26 billion in 2024 to $5.74 billion in 2025 at a CAGR of 9.2%. Historical growth was driven by economic expansion in emerging markets, increased government spending on defense, rising demand for lightweight materials to reduce vehicle emissions, and policy support for the textile industry.

Anticipating substantial expansion in the near future, the market for Aramid Fiber is projected to reach a valuation of $8.79 billion by 2029, exhibiting a swift compound annual growth rate (CAGR) of 11.2% during this projection timeframe, a surge fueled by escalating population densities and urbanization trends, coupled with heightened requirements from the vehicular industry and the expanding implementation of 5G infrastructure; key developments foreseen during this period encompass a concentrated effort on boosting capital commitments, the manufacturing of greener, more environmentally conscious textiles, the integration of blockchain solutions, and the formation of strategic alliances and cooperative ventures aimed at bolstering both fiscal stability and the breadth of product offerings.

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Which Drivers Are Shaping The Aramid Fiber Industry’s Market Share?

The increasing necessity for vehicle components made from lighter substances that substantially decrease emissions is fueling the expansion of the aramid fiber sector. Incorporating lightweight materials within automobiles serves to decrease overall weight alongside diminishing both fuel usage and the output of greenhouse gases. Because of their inherent strength combined with low mass, aramid fibers find application as reinforcement within the production of various automotive parts, including tires, hoses for turbochargers, elements of the powertrain, drive belts, friction pads in braking systems, sealing components, clutch assemblies, fabrics for seating, electronic modules, and sensors integrated into seats. As an illustration, data from Electronic Specifier, a source providing global intelligence on the electronics industry based in the UK, forecasts that the lightweight materials segment within the automotive field is anticipated to experience a compound annual growth rate of five percent up to the year 2028. Consequently, the growing requirement for materials that facilitate vehicle lightening and lead to greater emission cuts will be the primary impetus behind the market’s progression for aramid fibers.

What Are The Emerging Segments Gaining Attention In The Aramid Fiber Market?

The aramid fiber market covered in this report is segmented –

1) By Type: Para-Aramid Fiber, Meta-Aramid Fiber

2) By Application: Protective Fabrics, Frictional Materials, Optical Fibers, Tire Reinforcement, Rubber Reinforcement, Composites, Other Applications

3) By End Use Industry: Aerospace And Defense, Automotive, Electronics And Telecommunication, Sports Goods, Other End-Use Industries

Subsegments:

1) By Para-Aramid Fiber: Kevlar, Twaron

2) By Meta-Aramid Fiber: Nomex, Conex

What Trends Are Expected To Drive The Aramid Fiber Market?

Key participants within the aramid fiber sector are notably escalating their capital outlays with the objective of augmenting manufacturing capabilities. A concrete illustration of this trend is Kolon Industries, a South Korean firm specializing in the creation of chemical products and textiles, which finalized a substantial investment amounting to 298.9 billion Korean Won in December 2023. This financial commitment was specifically directed toward expanding the aramid production infrastructure at their Gumi site, effectively doubling the yearly output to reach 15,310 metric tons, thereby solidifying the company’s status as the foremost aramid producer in South Korea. Furthermore, this newly established production site integrates cutting-edge smart factory methodologies alongside environmentally conscious operational procedures, leading to improvements in manufacturing throughput while simultaneously mitigating ecological footprints.

Who Are The Primary Competitors In The Global Aramid Fiber Market?

Major companies operating in the aramid fiber market include DuPont, Teijin Ltd, Taekwang Industrial, Toray Industries Inc, Hyosung, Kolon Industries Inc, Huvis Corp, Yantai Tayho Advanced Materials Co. Ltd., X-FIPER New Material Co. Ltd, China National Bluestar Co. ltd, Indorama Corporation Pte Ltd, Far Eastern New Century, Kermel, Coats Group plc, AMANN Group, Solvay, Kamenskvolokno JSC, Special Textile Group, Dexcraft, Texel Inc, Trelleborg Engineered Coated Fabrics, Albany International Corp., WORK PROTEC SA

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Which Global Regions Are Influencing The Competitive Landscape Of The Aramid Fiber Market?

Europe was the largest region in the aramid fiber market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the aramid fiber market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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