The global aramid fibers market demand stood at 91.2 kilo tons in 2017 and is projected to grow significantly owing to the unique blend of properties, such as high specific strength along with creep resistance and toughness. The exceptional durability of aramid fibers is often the reason they are used over other stiffer, cheaper or even tougher fibers. These fibers provide excellent fatigue resistance and hence are used in numerous applications.
Aramid applications are not limited to structural composites. For instance, they are used as cables and ropes. The lightweight of aramid fiber in comparison with steel makes it very easy to handle. Furthermore, they do not corrode and are easy to maintain. Aramids are also used in sport's shoes and in the form of rubberized sheet materials for aircraft evacuation slides and life rafts.
The value of the Aramid Fibers market is projected to grow to $ 8.6 Billion with an estimated CAGR of 10.75% by 2028
.jpg "The Global Aramid Fibers Market 2018-2028 (USD Billion)")
High strength-to-weight ratio of aramid fibers combined with outstanding durability has led to numerous uses of this fiber in an aerospace application. In both military and civilian aircraft, the toughness of aramids and resulting resistance to damage from impacts (such as bird strikes) has led to their continuous usage. Aramid composite is also used in vertical lift aircraft and rotorcraft. These factors will drive the global aramid fibers market demand over the forecast period.
Aramids will continue to be the excellent choice where properties such as outstanding impact resistance coupled with creep resistance are acute. However, the applications of aramid composites are limited owing to their poor compressive and off-axis properties. These fibers also tend to absorb water, hence, hindering the growth of the global aramid fibers market in reaching its full potential.
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List of commercially available Para-Aramid Kevlar fibers |
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Product |
Application |
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Kevlar 950 |
Tire reinforcement |
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Kevlar 956 |
Mechanical rubber goods: hoses, belts, etc. |
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Kevlar 29 |
Ropes and cables, non-apparel ballistic armor |
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Kevlar 49 |
Woven reinforcement in aerospace composites, ballistic armor, and printed circuit boards, fiber optic cable reinforcement |
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Kevlar 68 |
High-performance mechanical rubber goods |
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Kevlar 119 |
Power transmission belts, high-performance tires, high fatigue applications |
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Kevlar 149 |
Woven reinforcements in aerospace composites, hard ballistic armor, printed circuit boards |
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Kevlar HT |
Advanced ballistic protection |
The global market size of hi-tech fibers that stood around USD 7.7 billion in 2017 is estimated to reach USD 10 billion by 2022. This market is projected to grow at a CAGR of nearly 5.8% over the foreseeable future hence, augmenting the global aramid fibers market demand over the estimated period.
In terms of product, para-aramid fibers accounted for 67.5% of the global aramid fiber market share in 2017. However, meta-aramid fibers are likely to lead the global aramid fibers market over the foreseeable future. Protective clothing, electric insulation, and hot gas filtration are estimated to be the key application area for the growth of meta-aramid fibers over the estimated period of time.
Key players in the global aramid fibers market include, Teijin Ltd., DowDuPont Inc., Yantai Tayho Advanced Materials Co., Hyosung Corp., Toray Industries Inc., Kolon Industries Inc., Huvis Corp, Kermel, China National Bluestar (Group) Co., Ltd., Sro Aramid (Jiangsu) Co. Ltd., and Taekwang Industrial Co., Ltd.
Global Production Capacity of Aramid Fibers in 2016 (Metric Tons/ year)
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Polymer type |
Commercial name |
Production capacity |
Technology |
Manufacturer |
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Meta-aramid |
Nomex |
17,280 |
Dry spinning |
E. I. du Pont de Nemours and Company |
|
Meta-aramid |
Teijinconex |
3,500 |
Wet spinning |
Teijin Limited |
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Meta-aramid |
Newstar |
5,000 |
Wet spinning |
Yantai Tayho Advanced Materials Co.,Ltd. |
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Meta-aramid |
Arawin |
2,500 |
Dry spinning |
Toray Industries, Inc. |
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Meta-aramid |
MetaOne |
1,500 |
Wet spinning |
Huvis |
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Para-aramid |
Kevlar |
32,000 |
Dry jet wet spinning |
E. I. du Pont de Nemours and Company |
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Para-aramid |
Twaron |
9,500 |
Dry jet wet spinning |
Teijin Limited |
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Para-aramid |
Heracron |
5,500 |
Dry jet wet spinning |
Kolon Industries |
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Para-aramid |
Alkex |
1,500 |
Dry jet wet spinning |
Hyosung Corporation |
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Para-aramid |
Technora |
1,200 |
Wet spinning |
Teijin Limited |
Aramid Fibers Market Scope
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2028 |
| Study Period | 2018-2028 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2028 | $ 8.6 Billion |
| Growth Rate | CAGR of 10.75% during 2018-2028 |
| Segment Covered | By Type, Application, End-Use Industry, Regions |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
| Key Players Profiled | DowDuPont, TEIJIN LIMITED, TORAY INDUSTRIES, INC., Huvis, Yantai Tayho Advanced Materials Co., Ltd., Solvay, KERMEL, China National Bluestar (Group) Co Ltd., TAEKWANG INDUSTRIAL CO., LTD., Aramid Hpm, LLC, FIBERMAX Ltd, Bally Ribbon Mills, HYOSUNG ADVANCED MATERIALS, Kolon Industries, Inc., c-m-p gmbh, TOYOBO CO., LTD |
Key segments of the global aramid fibers market
Product Overview
- Para-aramid
- Meta-aramid
- Others
Application Overview
- Security & protection
- Frictional materials
- Optical fiber
- Tire reinforcement
- Rubber reinforcement
- Aerospace
- Electrical insulation
- Others
Regional Overview
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Asia Pacific
- China
- Japan
- India
- South Korea
- Central and South America
- Brazil
- Middle East and Africa
Frequently Asked Questions (FAQ) :
The market value of aramid fibers market in 2028 was $ 8.6 Billion
The aramid fibers market is growing at a CAGR of 10.75% over the forecast period.
The application of the aramid fibers market Security & Protection, Frictional Materials, Rubber Reinforcement.