- Filament Yarn
- Short Fibers
- Pulp
- Others
Para-Aramid Fibers market is poised to grow at a CAGR of 6.4%. The market is driven by various factors such as increasing demand for protective clothing, growth in the automotive and aerospace industries, and rising infrastructure spending. However, the high cost of production, limited availability of raw materials, and stringent environmental regulations are some of the challenges that the market needs to address. Para-Aramid Fibers fibers are known for their high strength and heat resistance, making them ideal for use in protective clothing for firefighters, military personnel, and industrial workers.
As safety regulations become more stringent and the demand for personal protective equipment (PPE) grows, the Para-Aramid Fibers market is expected to benefit. Para-Aramid Fibers fibers are used in various automotive and aerospace applications due to their lightweight and high-strength properties. They are used in tires, brake pads, and aircraft composites, which can help to improve fuel efficiency and performance. The growth of these industries is expected to drive demand for Para-Aramid Fibers fibers. Para-Aramid Fibers fibers are used in reinforcement materials for construction applications such as bridges and buildings. As government spending on infrastructure development increases, the demand for Para-Aramid Fibers fibers is expected to rise.
Para-Aramid Fibers market Recent Key Developments:
- In May 2020, The Memorandum of Understanding (MOU) signed between Ulsan City and Hyosung Advanced Materials indeed signifies a substantial economic collaboration. The investment of USD 47.8 million for the expansion of the Aramid factory is a strategic move that underscores Hyosung’s commitment to growth and innovation in the field of advanced materials.
- In June 2021, Kolon Industries.inc., South Korea's top textile and chemical materials maker, to invest some 240 billion won (US$212 million) in expansion of aramid plant.
Para-Aramid Fibers Market Summary
Study Period
2024-2030
Base Year
2023
CAGR
6.4%
Largest Market
North America
Fastest Growing Market
Asia Pacific
Para-Aramid Fibers Market Dynamics
There is ongoing research and development to explore new applications for Para-Aramid Fibers fibers which provide opportunity for the market. This could include extensive usage of para-aramids in medical textiles, sporting goods, and electronic components. Also, demand for Para-Aramid Fibers fibers is expected to grow in emerging economies such as China and India, driven by factors such as increasing industrialization and rising disposable incomes. Manufacturers are developing new Para-Aramid Fibers fibers with a lower environmental footprint. This could help to address concerns about the sustainability of Para-Aramid Fibers production and open up new market opportunities. There is a growing trend towards using lightweight materials in various industries to improve fuel efficiency and performance. This trend is expected to benefit the Para-Aramid Fibers market, as Para-Aramid Fibers fibers offer a high strength-to-weight ratio. Advancements in fiber technology are leading to the development of new Para-Aramid Fibers fibers with improved properties such as higher strength, better heat resistance, and increased flame retardancy. There is an increasing focus on safety in various industries, which is driving demand for Para-Aramid Fibers fibers for use in protective clothing and equipment. However, Para-Aramid Fibers fibers are relatively expensive to produce compared to other synthetic fibers. This can limit their adoption in some applications. The production of Para-Aramid Fibers fibers is dependent on a limited number of raw materials. Any disruption in the supply chain for these materials can lead to price fluctuations and shortages. The production of Para-Aramid Fibers fibers can involve the use of harsh chemicals. Stringent environmental regulations can increase the cost of production and limit the expansion of production capacity. These are the constraints that are to be addressed for the market growth. Despite the challenges,
Key Features of the Reports
- The para-aramid fibers market report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and key strategies.
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market.
- The report tracks recent innovations, key developments, and start-up details that are actively working in the market.
- The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenarios.
Para-Aramid Fibers Market Segmentation
By Product Form
By Application
- Frictional Materials
- Protection
- Electrical Insulation
- Safety Garment
- Rubber Reinforcement
- Tire Reinforcement
- Industrial Filtration
- Optical Fiber
- Others
By End User
- Automotive
- Aerospace and Defence
- Electronics and Telecommunication
- Electrical
- Others
By Geography
- North America
- Europe
- The Asia Pacific
- Latin America
- MEA
Frequently Asked Questions
The Para-Aramid Fibers market is anticipated to grow at a CAGR of 6.4%.
• Increasing demand for protective clothing • Growing automotive and aerospace industries • Rising infrastructure spending
The high cost of production, limited availability of raw materials, and stringent environmental regulations are some of the challenges that the market needs to address.
• Increasing demand for lightweight materials • Advancements in fiber technology • Growing focus on safety
| 1.Executive Summary |
| 2.Global Para-Aramid Fibers Market Introduction |
| 2.1.Global Para-Aramid Fibers Market - Taxonomy |
| 2.2.Global Para-Aramid Fibers Market - Definitions |
| 2.2.1.Product Form |
| 2.2.2.Application |
| 2.2.3.End User |
| 2.2.4.Region |
| 3.Global Para-Aramid Fibers Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Para-Aramid Fibers Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Para-Aramid Fibers Market By Product Form, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Filament Yarn |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Short Fibers |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Pulp |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Others |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 6.Global Para-Aramid Fibers Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Frictional Materials |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Protection |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Electrical Insulation |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Safety Garment |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Rubber Reinforcement |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Tire Reinforcement |
| 6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 6.7. Industrial Filtration |
| 6.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.7.3. Market Opportunity Analysis |
| 6.8. Optical Fiber |
| 6.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.8.3. Market Opportunity Analysis |
| 6.9. Others |
| 6.9.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.9.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.9.3. Market Opportunity Analysis |
| 7.Global Para-Aramid Fibers Market By End User, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. Automotive |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Aerospace and Defence |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Electronics and Telecommunication |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Electrical |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Others |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8.Global Para-Aramid Fibers Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia Pacific (APAC) |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Latin America |
| 8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9.North America Para-Aramid Fibers Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Product Form Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Filament Yarn |
| 9.1.2.Short Fibers |
| 9.1.3.Pulp |
| 9.1.4.Others |
| 9.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Frictional Materials |
| 9.2.2.Protection |
| 9.2.3.Electrical Insulation |
| 9.2.4.Safety Garment |
| 9.2.5.Rubber Reinforcement |
| 9.2.6.Tire Reinforcement |
| 9.2.7.Industrial Filtration |
| 9.2.8.Optical Fiber |
| 9.2.9.Others |
| 9.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Automotive |
| 9.3.2.Aerospace and Defence |
| 9.3.3.Electronics and Telecommunication |
| 9.3.4.Electrical |
| 9.3.5.Others |
| 9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10.Europe Para-Aramid Fibers Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Product Form Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Filament Yarn |
| 10.1.2.Short Fibers |
| 10.1.3.Pulp |
| 10.1.4.Others |
| 10.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Frictional Materials |
| 10.2.2.Protection |
| 10.2.3.Electrical Insulation |
| 10.2.4.Safety Garment |
| 10.2.5.Rubber Reinforcement |
| 10.2.6.Tire Reinforcement |
| 10.2.7.Industrial Filtration |
| 10.2.8.Optical Fiber |
| 10.2.9.Others |
| 10.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Automotive |
| 10.3.2.Aerospace and Defence |
| 10.3.3.Electronics and Telecommunication |
| 10.3.4.Electrical |
| 10.3.5.Others |
| 10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 11.Asia Pacific (APAC) Para-Aramid Fibers Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Product Form Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Filament Yarn |
| 11.1.2.Short Fibers |
| 11.1.3.Pulp |
| 11.1.4.Others |
| 11.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Frictional Materials |
| 11.2.2.Protection |
| 11.2.3.Electrical Insulation |
| 11.2.4.Safety Garment |
| 11.2.5.Rubber Reinforcement |
| 11.2.6.Tire Reinforcement |
| 11.2.7.Industrial Filtration |
| 11.2.8.Optical Fiber |
| 11.2.9.Others |
| 11.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Automotive |
| 11.3.2.Aerospace and Defence |
| 11.3.3.Electronics and Telecommunication |
| 11.3.4.Electrical |
| 11.3.5.Others |
| 11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12.Middle East and Africa (MEA) Para-Aramid Fibers Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Product Form Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Filament Yarn |
| 12.1.2.Short Fibers |
| 12.1.3.Pulp |
| 12.1.4.Others |
| 12.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Frictional Materials |
| 12.2.2.Protection |
| 12.2.3.Electrical Insulation |
| 12.2.4.Safety Garment |
| 12.2.5.Rubber Reinforcement |
| 12.2.6.Tire Reinforcement |
| 12.2.7.Industrial Filtration |
| 12.2.8.Optical Fiber |
| 12.2.9.Others |
| 12.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Automotive |
| 12.3.2.Aerospace and Defence |
| 12.3.3.Electronics and Telecommunication |
| 12.3.4.Electrical |
| 12.3.5.Others |
| 12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.GCC Countries |
| 12.4.2.South Africa |
| 12.4.3.Rest of MEA |
| 13.Latin America Para-Aramid Fibers Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 13.1. Product Form Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Filament Yarn |
| 13.1.2.Short Fibers |
| 13.1.3.Pulp |
| 13.1.4.Others |
| 13.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Frictional Materials |
| 13.2.2.Protection |
| 13.2.3.Electrical Insulation |
| 13.2.4.Safety Garment |
| 13.2.5.Rubber Reinforcement |
| 13.2.6.Tire Reinforcement |
| 13.2.7.Industrial Filtration |
| 13.2.8.Optical Fiber |
| 13.2.9.Others |
| 13.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Automotive |
| 13.3.2.Aerospace and Defence |
| 13.3.3.Electronics and Telecommunication |
| 13.3.4.Electrical |
| 13.3.5.Others |
| 13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Brazil |
| 13.4.2.Mexico |
| 13.4.3.Rest of LA |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1.DowDupont |
| 14.2.2.Teijin |
| 14.2.3.JSC Kamenskvolokno |
| 14.2.4.Kolon |
| 14.2.5.Hyosung |
| 14.2.6.Huvis |
| 14.2.7.TAYHO |
| 14.2.8.Bluestar |
| 14.2.9.Sinopec Yizheng Chemical Fibre |
| 14.2.10.Guangdong Charming |
| 14.2.11.Hebei Silicon Valley Chemical |
| 14.2.12.Zhaoda Specially Fiber |
| 14.2.13.SRO |
| 14.2.14.JPS Composite Materials |
| 14.2.15.EKOTEX |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
- DowDupont
- Teijin
- JSC Kamenskvolokno
- Kolon
- Hyosung
- Huvis
- TAYHO
- Bluestar
- Sinopec Yizheng Chemical Fibre
- Guangdong Charming
- Hebei Silicon Valley Chemical
- Zhaoda Specially Fiber
- SRO
- JPS Composite Materials
- EKOTEX