Aramid Fiber Market Size, Trends and Insights By Type (Para-aramid, Meta-aramid), By Application (Security & Protection, Frictional Materials, Rubber Reinforcement, Optical Fibers, Tire Reinforcement, Electrical Insulation, Aerospace, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- DuPont
- Teijin Aramid
- Kolon Industries Inc.
- Hyosung Corporation
- Yantai Tayho Advanced Materials Co. Ltd.
- Others
Reports Description
Global Aramid Fiber Market was valued at USD 4.3 Billion in 2024 and is expected to reach USD 9.6 Billion by 2033, at a CAGR of 8.1% during the forecast period 2024 – 2033.
The automotive aftermarket is a third-party marketplace for car parts, accessories, equipment, tools, and services that are used to repair, maintain, customize, or enhance automobiles after they were initially sold by the original equipment manufacturer.
Aramid Fiber: Growth Factors
Digitization of component delivery sales & services
The digitalization of component supply sales and services is transforming the automobile aftermarket industry by increasing connectivity, efficiency, and satisfaction with clients. Customers may quickly explore, order, and schedule delivery of automotive components and services via digital platforms including online markets and smartphone applications.
This automated procedure eliminates the need for physical storefronts and lowers administrative expenses for suppliers, allowing them to provide competitive prices and a broader product assortment.
Moreover, digitization provides real-time order monitoring, efficient inventory control, and personalized suggestions based on client preferences and vehicle specs.
This improves the whole purchasing experience and builds long-term client loyalty. Finally, the seamless integration of digital technologies in part supply sales and services moves the automotive aftermarket industry ahead, fulfilling the increasing demands of modern consumers and driving sustained growth in the industry.
For instance, Infosys’ automotive practice leverages digital technologies to improve aftermarket sales and service. They combine production, distribution, and logistics activities to offer on-demand aftermarket services.
Manufacturing staff, suppliers, dealers, and field technicians collaborate in real time to optimise automotive manufacturing and retail distribution. Furthermore, cloud-hosted data systems, apps, and interfaces for service modules speed up order-to-delivery times for spare parts and services.
Ongoing trend of customization in cars
The popularity of vehicle customisation has considerably boosted the automotive aftermarket business. As automotive lovers strive to personalise their vehicles to match their style and tastes, the demand for aftermarket parts and accessories has increased.
This tendency encourages innovation and competition among aftermarket producers, resulting in a wider selection of goods that cater to diverse customisation requirements. Through performance upgrades to cosmetic additions, aftermarket options allow customers to customise their automobiles based on their preferences.
Furthermore, the rising popularity of customisation generates a vibrant community of enthusiasts who exchange ideas and encourage others to begin their modification adventures.
Finally, the customisation trend not only promotes the expansion of the automobile aftermarket business but also develops a culture of innovation and originality inside it.
For instance, modifying vehicles is becoming more popular, with an emphasis on bolt-on modifications and customisation, such as pricey brake callipers, as well as the costs and advantages of various automotive changes. Car modifications are becoming increasingly common, with an emphasis on enhancing current-generation vehicles.
Aramid Fiber: Restraints
Complexity in new cars
The rising complexity of modern automobiles creates considerable hurdles for the automotive aftermarket business. Independent repair shops and aftermarket part makers find it more difficult to diagnose and service contemporary cars due to advanced technology, complex electrical systems, and specialised components.
This complexity frequently necessitates the use of specialised tools, training, and access to proprietary information, all of which can be expensive and difficult for smaller enterprises to get. The incorporation of driven by software features and networked systems further complicates aftermarket maintenance and changes.
As a result, consumers may be more likely to use authorised dealerships or manufacturer-certified service centres for maintenance and repairs, limiting the market share of unauthorised aftermarket providers. Moreover, manufacturers’ use of proprietary software and digital locks might limit the accessibility and compatibility of aftermarket parts, stifling competition and innovation in the aftermarket industry.
Aramid Fiber: Opportunities
Emerging technologies influence aftermarket landscape
Emerging technologies such as blockchain, artificial intelligence, and the Internet of Things are transforming the car aftermarket. These innovations enable predictive maintenance, which allows cars to foresee repairs before they occur.
AI-powered analytics may improve inventory management by ensuring that the proper components are accessible when needed, resulting in less downtime for vehicle owners. Blockchain improves supply chain transparency and security by eliminating counterfeit components and increasing stakeholder confidence.
IoT-connected devices offer real-time monitoring of vehicle performance, allowing for pre-emptive maintenance and increased overall efficiency.
By embracing these technologies, the automotive aftermarket sector gains enhanced dependability, lower costs, and more customer satisfaction, all of which drive industry development and innovation.
For instance, The Automotive Component Manufacturers Association (ACMA) has reported that new technologies such as IoT, AI, and blockchain are being used to streamline the aftermarket service chain. With predictive maintenance to real-time diagnostics, such technological innovations enable customers to keep ahead of possible problems and solve them proactively.
Aramid Fiber: Segmentation Analysis
Global Aramid Fiber market is segmented by replacement parts, vehicle type, distribution channel, and region. Based on type, the market is classified into Tire, Battery, Brake Parts, Body parts, Wheels, Exhaust components, Turbochargers and Others.
Among all of these, Para-aramid dominated the market in 2023 with a market share of 75.3% and is expected to keep its dominance during the forecast period 2024-2033. Para-aramid fibres, known for their outstanding strength, thermal insulation, and longevity have played a key role in moving the aramid fibre market ahead.
Because of their unique qualities, these fibres are widely used in a variety of sectors, including automotive, aerospace, defence, and construction.
Para-aramid fibres are used in the automobile industry to make lightweight and high-strength components, which help to improve fuel efficiency and safety requirements. Also, in aerospace and defence, their employment in vital applications like ballistic protection and aircraft components emphasises its need.
Furthermore, the increased need for protective apparel in hazardous situations fuels the market, with para-aramid fibres being a popular choice due to their flame- and abrasion resistance. As industries prioritise performance and safety, para-aramid fibres remain at the forefront, pushing growth and innovation in the aramid fiber market.
Based on application, the market is classified into security & protection, frictional materials, rubber reinforcement, optical fibers, tire reinforcement, electrical insulation, aerospace and others. Security & protection dominated the market in 2023 with a market share of 37.8% and is expected to keep its dominance during the forecast period 2024-2033.
Security and protection are crucial factors driving the aramid fibre industry forward. Aramid fibres, recognised for their excellent strength, heat resistance, and lightweight nature, play an important part in a variety of security and protective applications.
Due to their great tensile strength and capacity to efficiently absorb and disperse impact energy, these fibres are widely utilised in the construction of ballistic protective equipment such as bulletproof vests, helmets, and vehicle armour. Aramid fibres are also used to make flame-resistant gear for firemen, military personnel, and industrial workers who operate in dangerous areas.
Aramid fibres’ unique qualities make them ideal for security and protection applications. Furthermore, aramid fibres enable thin and adaptable designs that maintain protection.
Report Scope
| Feature of the Report | Details |
| Market Size in 2024 | USD 4.3 Billion |
| Projected Market Size in 2033 | USD 9.6 Billion |
| Market Size in 2023 | USD 4.1 Billion |
| CAGR Growth Rate | 8.1% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Type, Application and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Aramid Fiber: Regional Insight
By region, Aramid Fiber market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa. Europe dominated the global Aramid Fiber market in 2023 with a market share of 34.8% and is expected to keep its dominance during the forecast period 2024-2033.
Europe has a thriving industrial sector, with superior technological resources and an intense focus on innovation. This promotes the development of high-quality aramid fibres for a wide range of applications, including automotive and aerospace, protective apparel, and ballistic armour.
Furthermore, Europe prioritises sustainability and environmental consciousness, which aligns with the expanding worldwide trend towards eco-friendly products. Aramid fibres, recognised for their outstanding strength and lightweight qualities, are a sustainable option in a variety of sectors, lowering carbon footprints and increasing product lifespan.
Additionally, Europe’s severe safety rules and standards drive up demand for aramid fibres in defensive applications including flame-resistant garments and industrial gloves. This generates a consistent demand base and motivates constant R&D efforts to further increase the performance and adaptability of aramid.
Moreover, Europe’s favourable geographical location allows for large trade networks, resulting in the effective distribution of aramid fibres to markets across the globe. This competitive location, along with a strong industrial base and a dedication to innovation, solidifies Europe’s critical role in propelling the aramid fibre sector ahead.
Aramid Fiber: Recent Developments
- In April 2023, DuPont introduced Kevlar® EXO™ aramid fibre, the most important advance in over 50 years and a completely new technological platform built to serve infinite applications where efficiency and protection are required under harsh and demanding circumstances.
- In June 2022, Teijin Aramid B.V. developed the Woven Matrix idea for the simple production of different ballistic protection solutions. The woven matrix is made of Twaron, a company’s outstanding performance para-aramid material.
- In May 2022, Taekwang Industry announced a USD 112 million investment to increase aromatic polyamide (aramid) output from 1,500 to 5,000 tonnes per year by 2025.
List of the prominent players in the Aramid Fiber Market:
- DuPont
- Teijin Aramid
- Kolon Industries Inc.
- Hyosung Corporation
- Yantai Tayho Advanced Materials Co. Ltd.
- Huvis Corporation
- SRO Aramid
- Toray Industries Inc.
- Taekwang Industrial Co. Ltd.
- China National Bluestar Co.Ltd.
- Kordsa Global
- SABIC
- Twaron
- Guangdong Charming Co. Ltd.
- Shanghai SRO Safety Protection Products Co. Ltd.
- AKSA
- L. Gore & Associates Inc.
- Toyobo Co. Ltd.
- Hunan Zhongtai Special Equipment Co. Ltd.
- Beijing Tongyizhong Specialty Fiber Technology & Development Co. Ltd.
- Others
These key players are adopting various growth strategies such as mergers & acquisitions, joint ventures, expansion, strategic alliances, new product launches, etc. to enhance their business operations and revenues.
The Aramid Fiber Market is segmented as follows:
By Type
- Para-aramid
- Meta-aramid
By Application
- Security & Protection
- Frictional Materials
- Rubber Reinforcement
- Optical Fibers
- Tire Reinforcement
- Electrical Insulation
- Aerospace
- Others
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market Research Methodology
- Chapter 2. Executive Summary
- 2.1 Global Aramid Fiber Market, (2024 – 2033) (USD Billion)
- 2.2 Global Aramid Fiber Market: snapshot
- Chapter 3. Global Aramid Fiber Market – Industry Analysis
- 3.1 Aramid Fiber Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Digitization of component delivery sales & services
- 3.2.2 Ongoing trend of customization in cars
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Type
- 3.7.2 Market Attractiveness Analysis By Application
- Chapter 4. Global Aramid Fiber Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Aramid Fiber Market: Company Market Share, 2024
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Aramid Fiber Market – Type Analysis
- 5.1 Global Aramid Fiber Market Overview: By Type
- 5.1.1 Global Aramid Fiber Market Share, By Type, 2024 and – 2033
- 5.2 Para-aramid
- 5.2.1 Global Aramid Fiber Market by Para-aramid, 2024 – 2033 (USD Billion)
- 5.3 Meta-aramid
- 5.3.1 Global Aramid Fiber Market by Meta-aramid, 2024 – 2033 (USD Billion)
- 5.1 Global Aramid Fiber Market Overview: By Type
- Chapter 6. Global Aramid Fiber Market – Application Analysis
- 6.1 Global Aramid Fiber Market Overview: By Application
- 6.1.1 Global Aramid Fiber Market Share, By Application, 2024 and – 2033
- 6.2 Security & Protection
- 6.2.1 Global Aramid Fiber Market by Security & Protection, 2024 – 2033 (USD Billion)
- 6.3 Frictional Materials
- 6.3.1 Global Aramid Fiber Market by Frictional Materials, 2024 – 2033 (USD Billion)
- 6.4 Rubber Reinforcement
- 6.4.1 Global Aramid Fiber Market by Rubber Reinforcement, 2024 – 2033 (USD Billion)
- 6.5 Optical Fibers
- 6.5.1 Global Aramid Fiber Market by Optical Fibers, 2024 – 2033 (USD Billion)
- 6.6 Tire Reinforcement
- 6.6.1 Global Aramid Fiber Market by Tire Reinforcement, 2024 – 2033 (USD Billion)
- 6.7 Electrical Insulation
- 6.7.1 Global Aramid Fiber Market by Electrical Insulation, 2024 – 2033 (USD Billion)
- 6.8 Aerospace
- 6.8.1 Global Aramid Fiber Market by Aerospace, 2024 – 2033 (USD Billion)
- 6.9 Others
- 6.9.1 Global Aramid Fiber Market by Others, 2024 – 2033 (USD Billion)
- 6.1 Global Aramid Fiber Market Overview: By Application
- Chapter 7. Aramid Fiber Market – Regional Analysis
- 7.1 Global Aramid Fiber Market Regional Overview
- 7.2 Global Aramid Fiber Market Share, by Region, 2024 & – 2033 (USD Billion)
- 7.3. North America
- 7.3.1 North America Aramid Fiber Market, 2024 – 2033 (USD Billion)
- 7.3.1.1 North America Aramid Fiber Market, by Country, 2024 – 2033 (USD Billion)
- 7.3.1 North America Aramid Fiber Market, 2024 – 2033 (USD Billion)
- 7.4 North America Aramid Fiber Market, by Type, 2024 – 2033
- 7.4.1 North America Aramid Fiber Market, by Type, 2024 – 2033 (USD Billion)
- 7.5 North America Aramid Fiber Market, by Application, 2024 – 2033
- 7.5.1 North America Aramid Fiber Market, by Application, 2024 – 2033 (USD Billion)
- 7.6. Europe
- 7.6.1 Europe Aramid Fiber Market, 2024 – 2033 (USD Billion)
- 7.6.1.1 Europe Aramid Fiber Market, by Country, 2024 – 2033 (USD Billion)
- 7.6.1 Europe Aramid Fiber Market, 2024 – 2033 (USD Billion)
- 7.7 Europe Aramid Fiber Market, by Type, 2024 – 2033
- 7.7.1 Europe Aramid Fiber Market, by Type, 2024 – 2033 (USD Billion)
- 7.8 Europe Aramid Fiber Market, by Application, 2024 – 2033
- 7.8.1 Europe Aramid Fiber Market, by Application, 2024 – 2033 (USD Billion)
- 7.9. Asia Pacific
- 7.9.1 Asia Pacific Aramid Fiber Market, 2024 – 2033 (USD Billion)
- 7.9.1.1 Asia Pacific Aramid Fiber Market, by Country, 2024 – 2033 (USD Billion)
- 7.9.1 Asia Pacific Aramid Fiber Market, 2024 – 2033 (USD Billion)
- 7.10 Asia Pacific Aramid Fiber Market, by Type, 2024 – 2033
- 7.10.1 Asia Pacific Aramid Fiber Market, by Type, 2024 – 2033 (USD Billion)
- 7.11 Asia Pacific Aramid Fiber Market, by Application, 2024 – 2033
- 7.11.1 Asia Pacific Aramid Fiber Market, by Application, 2024 – 2033 (USD Billion)
- 7.12. Latin America
- 7.12.1 Latin America Aramid Fiber Market, 2024 – 2033 (USD Billion)
- 7.12.1.1 Latin America Aramid Fiber Market, by Country, 2024 – 2033 (USD Billion)
- 7.12.1 Latin America Aramid Fiber Market, 2024 – 2033 (USD Billion)
- 7.13 Latin America Aramid Fiber Market, by Type, 2024 – 2033
- 7.13.1 Latin America Aramid Fiber Market, by Type, 2024 – 2033 (USD Billion)
- 7.14 Latin America Aramid Fiber Market, by Application, 2024 – 2033
- 7.14.1 Latin America Aramid Fiber Market, by Application, 2024 – 2033 (USD Billion)
- 7.15. The Middle-East and Africa
- 7.15.1 The Middle-East and Africa Aramid Fiber Market, 2024 – 2033 (USD Billion)
- 7.15.1.1 The Middle-East and Africa Aramid Fiber Market, by Country, 2024 – 2033 (USD Billion)
- 7.15.1 The Middle-East and Africa Aramid Fiber Market, 2024 – 2033 (USD Billion)
- 7.16 The Middle-East and Africa Aramid Fiber Market, by Type, 2024 – 2033
- 7.16.1 The Middle-East and Africa Aramid Fiber Market, by Type, 2024 – 2033 (USD Billion)
- 7.17 The Middle-East and Africa Aramid Fiber Market, by Application, 2024 – 2033
- 7.17.1 The Middle-East and Africa Aramid Fiber Market, by Application, 2024 – 2033 (USD Billion)
- Chapter 8. Company Profiles
- 8.1 DuPont
- 8.1.1 Overview
- 8.1.2 Financials
- 8.1.3 Product Portfolio
- 8.1.4 Business Strategy
- 8.1.5 Recent Developments
- 8.2 Teijin Aramid
- 8.2.1 Overview
- 8.2.2 Financials
- 8.2.3 Product Portfolio
- 8.2.4 Business Strategy
- 8.2.5 Recent Developments
- 8.3 Kolon Industries Inc.
- 8.3.1 Overview
- 8.3.2 Financials
- 8.3.3 Product Portfolio
- 8.3.4 Business Strategy
- 8.3.5 Recent Developments
- 8.4 Hyosung Corporation
- 8.4.1 Overview
- 8.4.2 Financials
- 8.4.3 Product Portfolio
- 8.4.4 Business Strategy
- 8.4.5 Recent Developments
- 8.5 Yantai Tayho Advanced Materials Co. Ltd.
- 8.5.1 Overview
- 8.5.2 Financials
- 8.5.3 Product Portfolio
- 8.5.4 Business Strategy
- 8.5.5 Recent Developments
- 8.6 Huvis Corporation
- 8.6.1 Overview
- 8.6.2 Financials
- 8.6.3 Product Portfolio
- 8.6.4 Business Strategy
- 8.6.5 Recent Developments
- 8.7 SRO Aramid
- 8.7.1 Overview
- 8.7.2 Financials
- 8.7.3 Product Portfolio
- 8.7.4 Business Strategy
- 8.7.5 Recent Developments
- 8.8 Toray Industries Inc.
- 8.8.1 Overview
- 8.8.2 Financials
- 8.8.3 Product Portfolio
- 8.8.4 Business Strategy
- 8.8.5 Recent Developments
- 8.9 Taekwang Industrial Co. Ltd.
- 8.9.1 Overview
- 8.9.2 Financials
- 8.9.3 Product Portfolio
- 8.9.4 Business Strategy
- 8.9.5 Recent Developments
- 8.10 China National Bluestar Co.Ltd.
- 8.10.1 Overview
- 8.10.2 Financials
- 8.10.3 Product Portfolio
- 8.10.4 Business Strategy
- 8.10.5 Recent Developments
- 8.11 Kordsa Global
- 8.11.1 Overview
- 8.11.2 Financials
- 8.11.3 Product Portfolio
- 8.11.4 Business Strategy
- 8.11.5 Recent Developments
- 8.12 SABIC
- 8.12.1 Overview
- 8.12.2 Financials
- 8.12.3 Product Portfolio
- 8.12.4 Business Strategy
- 8.12.5 Recent Developments
- 8.13 Twaron
- 8.13.1 Overview
- 8.13.2 Financials
- 8.13.3 Product Portfolio
- 8.13.4 Business Strategy
- 8.13.5 Recent Developments
- 8.14 Guangdong Charming Co. Ltd.
- 8.14.1 Overview
- 8.14.2 Financials
- 8.14.3 Product Portfolio
- 8.14.4 Business Strategy
- 8.14.5 Recent Developments
- 8.15 Shanghai SRO Safety Protection Products Co. Ltd.
- 8.15.1 Overview
- 8.15.2 Financials
- 8.15.3 Product Portfolio
- 8.15.4 Business Strategy
- 8.15.5 Recent Developments
- 8.16 AKSA
- 8.16.1 Overview
- 8.16.2 Financials
- 8.16.3 Product Portfolio
- 8.16.4 Business Strategy
- 8.16.5 Recent Developments
- 8.17 W. L. Gore & Associates Inc.
- 8.17.1 Overview
- 8.17.2 Financials
- 8.17.3 Product Portfolio
- 8.17.4 Business Strategy
- 8.17.5 Recent Developments
- 8.18 Toyobo Co. Ltd.
- 8.18.1 Overview
- 8.18.2 Financials
- 8.18.3 Product Portfolio
- 8.18.4 Business Strategy
- 8.18.5 Recent Developments
- 8.19 Hunan Zhongtai Special Equipment Co. Ltd.
- 8.19.1 Overview
- 8.19.2 Financials
- 8.19.3 Product Portfolio
- 8.19.4 Business Strategy
- 8.19.5 Recent Developments
- 8.20 Beijing Tongyizhong Specialty Fiber Technology & Development Co. Ltd.
- 8.20.1 Overview
- 8.20.2 Financials
- 8.20.3 Product Portfolio
- 8.20.4 Business Strategy
- 8.20.5 Recent Developments
- 8.21 Others.
- 8.21.1 Overview
- 8.21.2 Financials
- 8.21.3 Product Portfolio
- 8.21.4 Business Strategy
- 8.21.5 Recent Developments
- 8.1 DuPont
List Of Figures
Figures No 1 to 24
List Of Tables
Tables No 1 to 52
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2032
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
|
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| Demand-side |
|
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
|
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Prominent Player
- DuPont
- Teijin Aramid
- Kolon Industries Inc.
- Hyosung Corporation
- Yantai Tayho Advanced Materials Co. Ltd.
- Huvis Corporation
- SRO Aramid
- Toray Industries Inc.
- Taekwang Industrial Co. Ltd.
- China National Bluestar Co.Ltd.
- Kordsa Global
- SABIC
- Twaron
- Guangdong Charming Co. Ltd.
- Shanghai SRO Safety Protection Products Co. Ltd.
- AKSA
- L. Gore & Associates Inc.
- Toyobo Co. Ltd.
- Hunan Zhongtai Special Equipment Co. Ltd.
- Beijing Tongyizhong Specialty Fiber Technology & Development Co. Ltd.
- Others
FAQs
The restraints of the Aramid Fiber market is non-biodegradable nature.
The major driver for the Aramid Fiber market is increasing usage of aramid fibers as a substitute for metal wire and demand in aerospace industry.
The “Para-aramid” category dominated the market in 2023.
The key players in the market are DuPont, Teijin Aramid , Kolon Industries Inc., Hyosung Corporation, Yantai Tayho Advanced Materials Co. Ltd., Huvis Corporation, SRO Aramid , Toray Industries Inc., Taekwang Industrial Co. Ltd., China National Bluestar Co.Ltd., Kordsa Global, SABIC, Twaron , Guangdong Charming Co. Ltd., Shanghai SRO Safety Protection Products Co. Ltd., AKSA, W. L. Gore & Associates Inc., Toyobo Co. Ltd., Hunan Zhongtai Special Equipment Co. Ltd., Beijing Tongyizhong Specialty Fiber Technology & Development Co. Ltd., Others.
“Europe” had the largest share in the Aramid Fiber Market.
The global market is projected to grow at a CAGR of 8.1% during the forecast period, 2024-2033.
The Aramid Fiber Market size was valued at USD 4.3 Billion in 2024.
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