GITNUX MARKETDATA REPORT 2024

Aramid Fiber Industry Statistics

The aramid fiber industry is expected to experience steady growth fueled by increasing demand from various end-use industries such as aerospace, defense, and automotive.

Statistic 1

"The para-aramid fiber segment held more than 60% of the market share in 2021."

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Statistic 2

"Protective clothing applications held about 30% of the aramid fiber market share in 2020."

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Statistic 3

"The tire reinforcement segment of aramid fiber is expected to grow at a CAGR of 6.5% from 2020 to 2027."

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Statistic 4

"Europe accounted for 35% of the global aramid fiber market share in 2020."

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Statistic 5

"The marine industry is projected to see a 12% increase in the use of aramid fibers over the next five years."

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Statistic 6

"DuPont and Teijin Limited account for more than 60% of the global aramid fiber market share."

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Statistic 7

"The aramid fiber industry employs over 50,000 people worldwide."

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Statistic 8

"By 2028, the aramid fiber market is projected to reach $6 billion."

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Statistic 9

"The global aramid fiber market size was valued at approximately $3.5 billion in 2022."

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Statistic 10

"North America accounted for 25% of the global aramid fiber consumption in 2021."

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Statistic 11

"Kevlar, a brand of aramid fiber, constitutes a major portion of the market, with DuPont being a key player."

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Statistic 12

"The aerospace and defense sector constituted 45% of the aramid fiber demand in 2020."

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Statistic 13

"Environmental concerns have led to a 10% increase in the recycling of aramid fibers."

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Statistic 14

"Global production capacity for aramid fiber reached approximately 150,000 metric tons in 2021."

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Statistic 15

"Commercial applications for aramid fibers are expected to surpass $4 billion by 2025."

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Statistic 16

"Aramid fiber market in the Middle East & Africa is projected to grow at a CAGR of 7.1% between 2021 and 2030."

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Statistic 17

"The aramid fiber industry is expected to grow at a CAGR of 8.2% from 2021 to 2028."

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Statistic 18

"The Asia-Pacific aramid fiber market is expected to grow at the highest CAGR of 9.5% from 2021 to 2028."

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Statistic 19

"Automotive applications for aramid fiber have been increasing at a CAGR of 7.8%."

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Statistic 20

"China alone is projected to account for 25% of aramid fiber market growth by 2028."

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