Aramid Fiber Market Size Worth $7,722.3 Million By 2032 | CAGR: 7.0%

Aramid Fiber Market Size Worth $7,722.3 Million By 2032 | CAGR: 7.0%


The global aramid fiber market size is expected to reach USD 7,722.3 million by 2032, according to a new study by Polaris Market Research. The report “Aramid Fiber Market Share, Size, Trends, Industry Analysis Report, By Type (Para-aramid, Meta-aramid); By Application; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Aramid fibers are synthetic fibers characterized by rigid polymer chains and strong hydrogen bonds between molecules. These fibers possess high strength, resistance to abrasion, organic solvents, and heat. They are non-conductive, have no melting points, exhibit low flammability, and maintain fabric integrity at elevated temperatures.

Due to the implementation of stringent regulations, the market's growth is expected to be driven by increasing concerns about pollution. There is a growing awareness of health risks associated with consuming contaminated water, including the potential for cancer, brain damage, and organ failure, which can be addressed using adsorbents in water treatment. Additionally, there is a rising demand for activated carbon to eliminate turbidity and naturally occurring organic matter, further contributing to the market's growth.

The United States is a key market for water treatment due to its highly developed industrial sector and advanced processing capabilities. Government initiatives to encourage domestic water treatment industry investments are expected to positively impact the market in the forecast period.

Over the forecast period, the market is expected to face a significant threat of substitution from alternative water purification techniques, particularly reverse osmosis. These alternatives offer advantages over adsorption methods by effectively removing dissolved impurities from water.

The market for organic adsorbents, such as wood, coal, and coconut shells, is witnessing a notable increase in the drinking water adsorbents market. These organic materials exhibit superior adsorption efficiency, making them highly valuable in water quality control and purification. Moreover, their versatility allows for their application in various settings, promoting environmental sustainability and facilitating recovery.

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The increasing demand for adsorbents in drinking water filtration presents significant opportunities for new manufacturers to enter the market. The surge in demand, particularly in developing countries, provides a favorable landscape for local players to expand their business portfolios.

Market players are actively engaged in developing technologies for the recycling of spent adsorbents. Additionally, efforts are being made to extend the lifecycle of adsorbents through regeneration processes. The market also benefits from growing investments in developing bio-char as a bio-adsorbent, offering a low-cost alternative to activated carbon. These developments are anticipated to contribute to market growth throughout the forecast period.

Aramid Fiber Market Report Highlights

  • In 2022, the para-aramid segment held the fastest market share by rising demand for protective gear, growth in military and law enforcement sectors, expansion in automotive and aerospace industries, and the use of aramid fiber composites in industrial applications.
  • In 2022, the security and protection segment held the largest revenue share due to the protective barrier for firefighters and extensively used in protective clothing and accessories, offering defense against bullets, stabbing, heat, cuts, bomb fragments, and shrapnel.
  • In 2022, Europe dominated the global Aramid Fiber Market. It has a strong presence in various end-use industries, including automotive, aerospace, defense, and industrial sectors, and stringent regulations and standards regarding worker safety and the use of protective materials drive the demand for aramid fibers in Europe.
  • The global key market players include China National Bluestar (Group) Co., Ltd., Huvis Corp., Kermel S.A., Hyosung Corp., Kolon Industries, Inc., E. I. du Pont de Nemours and Company (DowDuPont), Yantai Tayho Advanced Materials Co., Teijin Ltd., SRO Aramid (Jiangsu) Co., Ltd, Toray Chemicals South Korea, Inc., and among others.

Polaris Market Research has segmented the aramid fiber market report based on type, application, and region:

Aramid Fiber, Type Outlook (Revenue - USD Million, 2019 - 2032)

  • Para-aramid
  • Meta-aramid

Aramid Fiber, Application Outlook (Revenue - USD Million, 2019 - 2032)

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

Fogless Mirror, Regional Outlook (Revenue - USD Million, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Aramid Fiber Market Report Scope

Report Attributes

Details

Market size value in 2023

USD 4,192.4 million

Revenue forecast in 2032

USD 7,722.3 million

CAGR

7.0% from 2023 – 2032

Base year

2022

Historical data

2019 – 2021

Forecast period

2023 – 2032

Quantitative units

Revenue in USD million and CAGR from 2023 to 2032

Segments Covered

By Type, By Application, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Key Companies

China National Bluestar (Group) Co., Ltd., Huvis Corp., Kermel S.A., Hyosung Corp., Kolon Industries, Inc., E. I. du Pont de Nemours and Company (DowDuPont), Yantai Tayho Advanced Materials Co., Teijin Ltd., SRO Aramid (Jiangsu) Co., Ltd, Toray Chemicals South Korea, Inc., and among others.

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  • Regional analysis
  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
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