Global Aramid Fiber Market | Trends, Research, Growth 2019-2027
                     GLOBAL ARAMID FIBER MARKET
FORECAST 2019-2027

• Aramid fibers are high-end specialty synthetic 
products used in various industries like defense 
and aerospace.
• The global aramid fiber market is estimated to 
record a CAGR of 7.45% during the forecast 
period. The increasing concern for safety and 
security, and the qualities like strength and heat 
resistance, etc. are the factors propelling the 
growth of the market.
• Aramid fiber is being used as a substitute for Ashigh tensile 
strength, low density, stress rupture, high stiffnessbestos due 
to its, low creep, etc., and as a result, is positively impacting 
the growth of the market.
• Aramid fibers exhibit excellent chemical and physical 
properties at high temperatures.
• However, the production involves high manufacturing costs, 
limited monomer supply, and investments, all of which can 
hamper the market growth. 
• Aramid fibers are serving various end-users. As a result, 
many companies are investing in production materials, 
thereby creating opportunities for market growth.
• Based on geography, the global aramid fiber 
market has been bifurcated into a few 
regions, such as North America, Asia Pacific, 
Europe, and the Rest of World. 
• The Asia Pacific is estimated to be the 
fastest-growing market during the forecast 
period. 
• Europe holds the largest market share, since 
Europe is one of the world’s biggest 
automotive manufacturers. 
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The North America aramid fiber market is 
estimated to grow at a CAGR of 7.43% in terms of 
revenue and 7.48% in terms of volume during the 
forecasted period. Various regulatory bodies and 
their rigorous regulations are driving the market 
growth of aramid fiber. The North America aramid 
fiber market is evaluated based on the markets in 
regions, such as the United States and Canada.
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The Europe aramid fiber market is expected to 
grow at a CAGR of 6.93% in terms of revenue and 
6.59% in terms of volume during the forecast 
period. Europe was the largest market for aramid 
fibers in terms of its applications in optical fibers. 
The growing demands from automotive industries 
are the primary driver of aramid fiber market 
growth in Europe.
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The Asia Pacific aramid fiber market is projected to 
record a CAGR of 9.03% in terms of revenue and 
8.49% in terms of volume during the forecasted 
period. The growing investments in construction, 
manufacturing, and security concerns and 
measures in the healthcare, medical, military, oil & 
gas industries, and the resultant demands are 
driving the growth of the market.
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The major companies operating in the market are 
Taekwang Industrial Co., Ltd., Kermel, Hyosung Corp., 
Sro Aramid (X-Fiper New Material Co., Ltd), China 
National Bluestar (Group) Co., Ltd., Kolon Industries, 
Inc., etc.