According to a market report by Lucintel, the future of the global aramid fiber material market looks promising with opportunities in safety and protection, frictional material, rubber reinforcement, and electrical transmission applications. The global aramid fiber market is expected to reach an estimated $5 billion by 2035 with a CAGR of 4% from 2025 to 2035. The major drivers of growth for this market are increasing usage of aramid fiber in brake pads, clutches, gaskets, linings, and tires in automotive and the growing demand for protective clothing from defense and industrial sectors.
A more than 150-page report to understand trends, opportunity and forecast in aramid fiber market to 2035 by application (safety and protection, frictional material, rubber reinforcement, electrical transmission, and other applications), type (para aramid fiber and meta aramid fiber), end use industry (aerospace, automotive, electronics and telecommunication, protective clothing, and other end use industries), and region (North America, Europe, Asia Pacific, and the Rest of the World)..
Lucintel forecasts that safety and protection will remain the largest application by value and volume due to increasing in government initiatives for the safety of the employees and public.
Para aramid fiber is expected to remain the largest market by value and volume over the forecast period mainly driven by its increasing use in automotive, defense, and industrial sector.
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Europe is expected to remain the largest market and also expected to witness the highest growth over the forecast period due to increasing demand for lightweight and flexible materials from the automotive and military & defense industries.
Kolon Industries, Du Pont, Teijin Aramid, Yantai Tayho, Hyosung Corporation are the major suppliers in the aramid fiber market.
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Lucintel
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