Aramid Fiber Market Size, Share & Trends Analysis Report By Type (Para-aramid, Meta-aramid, Others), By Application (Security & Protection, Frictional Materials, Optical Fiber, Tire Reinforcement, Rubber Reinforcement, Aerospace, Electrical Insulation, Others), By End User (Aerospace & Defense, Automotive, Electronics & Telecommunications, Electrical, Others) and By Region(North America, Europe, APAC, Middle East and Africa, LATAM) Forecasts, 2023-2031

Market Overview

The global aramid fiber market size was valued at USD 3.84 billion in 2022. It is projected to reach USD 8.55 billion by 2031, growing at a CAGR of 9.30% during the forecast period (2023–2031).

Aramid fiber, an aromatic polyamide, has a 20-fold higher elastic modulus than polyamide fiber. Heat-resistant synthetic fiber aramid is tough. Chain molecules aligned to the fiber axis form stronger chemical bonds than usual. Its fatigue resistance reinforces composite materials like sports equipment, military gear, and aircraft. Aramid fibers fatigue differently than other composite reinforcement fibers. These fibers have low radial strength due to weak hydrogen bonds, axially aligned chains, and radial folding. Even if hydrogen bonds break, load-induced cleavage and delamination do not affect axial load capacity. This fiber's hydrogen bonds give it strength, resistance to heat, organic solvents, and a low melting point.

Its main uses are electrical insulation, firefighter, racer, military protective gear, and automotive and aerospace heat shields. Fiber-reinforced concrete and corrosion-resistant thermoplastic pipes from aramid fiber extend pipeline life and lower maintenance costs. Ballistic-rated body armor fabric, ballistic composites, bicycle tires, and asbestos substitutes are made from aramid fibers. Government spending on aerospace, defense, and security should boost market growth. Many defense and aerospace companies use aramid fibers in protective apparel.

Market Dynamics

What Are the Main Factors Driving the Market for Aramid Fiber?

Demand For Lightweight Materials That Reduce Vehicle Emissions

The EPA estimates that a passenger car emits 4.7 metric tons of CO2 annually. Thus, governments worldwide emphasize strict environmental regulations. The US EPA regularly updates and enforces vehicle emission standards. Passenger and light-duty vehicle manufacturers must follow strict EU light-duty vehicle CO2 regulations. New light commercial vehicles and passenger cars must meet CO2 emission standards, and a heavy-duty vehicle regulation was proposed. Lightweight materials that reduce vehicle emissions are needed due to these strict regulations. These carbon emission regulations force industry players to use lightweight, strong, and fuel-efficient materials. Several industries are replacing steel and aluminum with aramid and carbon fibers to reduce weight and energy consumption. Aramid fibers, which replace steel and asbestos, reduce vehicle weight and increase durability. The global economy and demand for lightweight vehicles boost the market growth.

Rising Demand for Safety & Protection

Military, private security, municipal law enforcement, and government contractors use a lot of aramid fiber. North America and Europe have strict employee safety regulations, driving the market. This fiber makes military personnel safer, and industrial organizations demand more protective clothing. These fibers make stab-proof, fire-proof, and cut-proof coveralls, gloves, footwear, and helmets. Recent advances in armor have reduced soldiers' weight, and future improvements in personal protective clothing will increase demand for soft and lightweight armor material and aramid fibers.

Why is Aramid Fiber Limiting the Market?

Rising Costs of Synthetic Fibers and High R&D Costs

Aramid fibers are widely used in rugged applications, but they have drawbacks. In wet environments, their moisture absorption discourages use. Epoxy systems are used with these products to address such issues. Additives boost product cost. These fibers are also corrosive and UV-degradable. Thus, fibers need unique coatings to avoid damage. Thus, many consumers prefer cheaper polymeric fibers. Aramid fibers have a polar aromatic polymer backbone, resulting in a much higher glass transition temperature and no melting point. Aramid fibers are used in composites with high load-bearing capacity, mechanical and chemical strength, thermal resistance, and lightweight materials. Thus, these fibers require extensive R&D to produce high-quality security and industrial filtration products. The aramid fiber market is limited by high R&D costs in person-hours, materials, and technology.

What Are The Future Prospects Of Aramid Fiber? 

Growth Aerospace and Defense Industry

Aircraft, hot air balloons, spacecraft, fighter planes, passenger airlines, and space shuttles can use aramid fibers for structural applications. Commercial flights innovate to improve performance and fuel efficiency due to rising fuel costs. Fuel efficiency is optimized with lightweight aramid fiber. Aircraft are preferred due to global security concerns. Since aramid fiber resists corrosion and impact, aircraft use it more. It improves vision, durability, and temperature stability: specifically with Excellent flame-retardant and heat-resistant properties. Aramid fibers melt at >500 °C and do not ignite in a normal oxygen. High chemical resistance: 100% synthetic aramid fibers resist flashover and chemical splash. Low molecular weight: the fiber is more potent than cotton blends. Aramid fabrics can be light and protective.

Regional Analysis

The global aramid fiber market is bifurcated into four regions: North America, Europe, Asia-Pacific, and LAMEA.

Europe Dominates the Global Market

Europe is the most significant shareholder in the global aramid fiber market and is expected to grow at a CAGR of 8.87% during the forecast period. The UK, Germany, France, Italy, Spain, and the rest of Europe are all included in Europe. The Western European nations predominantly determine increasing demand for aramid fibers in Europe, including Germany, France, and the U.K. Stringent security norms within several sectors or industries, such as oil and gas, construction, aluminum, and steel, are imparting momentum to the interest regarding protective apparels, which in turn is driving the demand for aramid fibers in the region. Another factor contributing to European market growth is the adoption of frictional materials in luxury vehicles and other industrial parts. Concerns regarding worker well-being and safety and the associated reforms by government regulatory bodies are accelerating the demand for protective apparel, ultimately driving the aramid fiber market. High-end automotive and other industrial sectors require friction materials, which boosts the region's aramid fiber market. Kermel dominates Europe (France).

Asia Pacific is expected to grow at a CAGR of 10.2% during the forecast period. China, India, Japan, Australia, and the rest of Asia-Pacific are all included in the analysis of the Asia-Pacific aramid fiber market. The Asia Pacific aramid fiber market is expected to grow during the mentioned years due to increased security frameworks across several sectors. Broadband subscriptions in emerging nations, fast industrialization, and substantial telecommunication sector expansion in low-income countries are expected to drive Asia-Pacific aramid fiber product demand due to rising optical fiber demand and industrialization in emerging economies like China and India. Aramid fibers are used in automotive thermal insulation, spacers, hot gas filtration, cushioning, and safety and protective clothing.

Segmental Analysis

The market is segmented by type, application, and end user.

Based on type, the global aramid fiber market is bifurcated into para-aramid, meta-aramid, and others.

The para-amid segment is the highest contributor to the market and is expected to grow at a CAGR of 9.92% during the forecast period. Defense, security, and automotive industries use these fibers extensively. Ballistics protection, protective gloves, race cars, wire & cable, and hose reinforcement use para-aramid fibers due to their high tensile strength and modulus. They're used for tire reinforcement, friction material for brake pads, optic fiber cables, rope, deep-sea oil drilling, ballistic protection, and protective materials. The market segment will be driven by features like enhanced corrosion, humidity, and heat resistance in severe settings. Military and, aerospace & defense use in bulletproof body armor drives the market.

Based on application, the global aramid fiber market is bifurcated into security & protection, frictional materials, optical fiber, tire reinforcement, rubber reinforcement, aerospace, electrical insulation, and others.

The security & protection segment is the highest contributor to the market and is expected to grow at a CAGR of 9.56% during the forecast period. Due to their unique properties, these fibers thicken when exposed to flashover heat, making them popular in safety and protection applications. When firefighters need it most, this fiber creates a formidable barrier between the heat source and skin that stays supple and flexible until it cools, providing extra minutes of protection without limiting mobility. Due to their thermal stability, excellent wear properties, and stable coefficient of friction, these fibers are becoming more popular as frictional materials. This fiber improves resistance better than glass, cellulose, and carbon. These fibers reduce surface damage, so brake pads and machines use them.

Based on end users, the global aramid fiber market is bifurcated into aerospace & defense, automotive, electronics & telecommunications, electrical, and others.

The Automotive segment is the highest contributor to the market and is expected to grow at a CAGR of 9.63% during the forecast period. Aramid fibers reinforce tires, turbocharger hoses, powertrain components, belts, brake pads, gaskets, clutches, seat fabrics, electronics, seat sensors, and hybrid motor materials. Heat shields and under-bonnet applications benefit from aramid fibers' high thermal resistance. Lightweight cars are trending. Carmakers are replacing metal with aramid fiber composites to make lighter, stronger, and recyclable vehicles. Lightweight vehicles are driving the aramid fiber market. Automobile racing uses aramid fibers. They are replacing fiberglass-reinforced plastic in racing cars because they don't shatter and leave debris.

Impact of covid-19

The pandemic led to a temporary lockdown of the nations, which on a wide scale hindered the verticals of businesses and the industry. The automobile industry, which primarily involves outdoor jobs, has been poorly exposed to the challenges that have contributed to a dramatic decrease in car sales. Furthermore, the instability of the supply chain market mainly due to the closing of national and foreign borders and the adherence to the decision not to use Chinese produced products hampered the growth of the market. However, the considerable spike seen in the sale of the automotive vehicle to limit the usage of public and crowded places may positively affect the growth of the market in the upcoming years.

Recent Developments

• September 2022, Specialty materials and coatings company Mussel Polymers, Inc. announced that it had aramid fibers with its Poly(catechol-styrene) (PCS) and coated carbon to make lighter, stronger fiber-reinforced composites.
• May 2022, Teijin Aramid's Twaron Unidirectional Laminate UD22 offers improved protection, low weight, and a reasonable price/performance ratio.