Lucintel Forecasts Aramid Fiber Market To Reach $4 Billion By 2030

By Author: Lucintel LLC
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According to the recent study the aramid fiber market is projected to reach an estimated $4 billion by 2030 from $2.9 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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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
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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