Aramid Fiber Market (By Product; By Application: Security & Protection, Frictional Materials, Rubber Reinforcement, Optical Fibers) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2023-2032

The global aramid fiber market was surpassed at USD 3.86 billion in 2022 and is expected to hit around USD 8.19 billion by 2032, growing at a CAGR of 7.81% from 2023 to 2032.

Key Pointers

• Para-aramid product segment led the market and accounted for about 75.14% share of the revenue in 2022. The excellent strength-to-weight ratio coupled with high tensile strength and modulus behavior is anticipated to benefit the segmental growth over the forecast period.
• The meta-aramid fiber accounted for USD 951.78 million in 2022 and is projected to grow at a significant growth over the forecast period. Growing adoption of the product in protective clothing for military personals, electrical insulation, auto racers, and protective equipment is projected to benefit the market growth.
• The security & protection segment led the market and accounted for more than 35.37% share of the global revenue in 2022. Increasing use of the product in bullet-resistant & protective clothing, stab-resistant products such as helmets and protective gloves, is projected to benefit the growth of the application segment.
• Europe region led the market and accounted for over 34.92% share of global revenue in 2022. It is expected to witness growth owing to rising employment of security & protection measures across several industries. In 
• North America is anticipated to reach USD 2,240.15 million by 2032. The growing number of refurbishing activities in the region coupled with stringent regulations pertaining to the security and protection measures of workers across various industries is projected to fuel the industry growth.

Report Scope of the Aramid Fiber Market

Superior properties, such as strength and heat-resistance, of aramid fiber have promoted its utilization in the production of body armor fabric. The growing need for security and protection across various industries, such as mining, healthcare/medical, oil & gas, building & construction, and military, is projected to propel the market growth. In addition, stringent regulations in developing economies related to occupational safety are likely to benefit the market growth over the forecast period.

Aramid fibers are being increasingly used as an alternative to metal wire and organic fiber in structural composite applications in the aerospace and marine sectors, and ropes for oil rigs in offshore locations. In addition, product benefits, such as non-aggressive wear & tear on drums and discs and fade resistance, are anticipated to propel its usage. The manufacturing process involves the use of a number of high-cost chemicals, which elevates its production cost. In addition, huge capital investment in machinery and production process is anticipated to pose a threat to the growth of the market. However, the development of cost-beneficial production facilities is anticipated to boost the market growth.

Product Insights

Para-aramid product segment led the market and accounted for about 75.14% share of the revenue in 2022. The excellent strength-to-weight ratio coupled with high tensile strength and modulus behavior is anticipated to benefit the segmental growth over the forecast period.

The product exhibits properties such as low elongation to break, good chemical resistance, good heat & flame resistance, excellent ballistic properties are expected to fuel its demand. In addition, high cut resistance, and good chemical resistance are projected to promote its consumption across various applications including aerospace, security & protection, and frictional materials.

Meta aramid fiber is manufactured using wet spinning technology, which includes spinning of the fiber in a chemical solution and forming a semi-crystalline product. The product exhibits the ability to sustain extreme tensile stress when exposed to flames and temperatures up to 400°C, which favors its adoption in high-temperature applications.

The meta-aramid fiber accounted for USD 951.78 million in 2022 and is projected to grow at a significant growth over the forecast period. Growing adoption of the product in protective clothing for military personals, electrical insulation, auto racers, and protective equipment is projected to benefit the market growth.

Application Insights

The security & protection segment led the market and accounted for more than 35.37% share of the global revenue in 2022. Increasing use of the product in bullet-resistant & protective clothing, stab-resistant products such as helmets and protective gloves, is projected to benefit the growth of the application segment.

Aramid fiber is increasingly used in aerospace components such as primary wing, and fuselage structures in new generation aircraft, landing gear doors, and leading & trailing edge panels. The properties of the product including its superior strength, impact resistance, and low weight are projected to result in high product consumption.

Aramid fibers are extensively used as a replacement of asbestos for friction and sealing products. In addition, the product is also used as reinforcement in friction products such as brake pads and clutch plates. Moreover, they are also used in high pressure/temperature hoses, gaskets, and seals. This is anticipated to benefit market growth over the forecast period.

Others segment include various applications such as composites, filtration, ropes & cables, recreational goods, and adhesives & sealants. Low density, high strength, good impact & abrasion resistance, excellent chemical resistance, and good resistance to thermal degradation are some of the key beneficial characteristics that are encouraging the product adoption.

Regional Insights

Europe region led the market and accounted for over 34.92% share of global revenue in 2022. It is expected to witness growth owing to rising employment of security & protection measures across several industries. In addition, increasing demand for the Internet from emerging economies, rapid industrialization, and robust growth in the telecom industry are likely to drive the productdemand.

Rising military expenditure in major economies such as China and India on account of the increasing geopolitical tensions is likely to offer growth opportunities for aramid fibers. In addition, rising investments in the construction, manufacturing, and healthcare sectors are anticipated to drive the demand for aramid fibers over the coming years.

North America is anticipated to reach USD 2,240.15 million by 2032. The growing number of refurbishing activities in the region coupled with stringent regulations pertaining to the security and protection measures of workers across various industries is projected to fuel the industry growth.

The protection standards laid down by the American National Standards Institute (ANSI) in the U.S. related to the of personnel protective equipment is likely to further fuel the demand for products such as protective gloves, helmets, and protective clothing. This is projected to benefit the expansion of aramid fiber industry in North America over the forecast period.

Aramid Fiber Market Segmentations:

By Product

• Para-Aramid
• Meta-Aramid

By Application

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

By Regional

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Russia
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
• Central & South America
  • Brazil
• Middle East & Africa