Aramid Fiber Market - By Type: Para-aramid, Meta-aramid. By Application: Aerospace & Defense, Automotive, Industrial, Electrical, Others. By Region: North America, Europe, Asia-Pacific, Latin America, Middle East & Africa.
The global Aramid Fiber Market was valued at 5.2 billion in 2023 and is projected to reach 9.8 billion by 2031, growing at a CAGR of 8.3%. The market is being reshaped by EV battery safety demands, recyclable material innovations, and geopolitical supply chain shifts.
2024 Market Breakthroughs
Market Drivers
1. EV Safety Regulations
2. Supply Chain Localization
3. Performance Demands
Competitive Landscape
|
Company |
Market Share |
Flagship Innovation |
Strategic Edge |
|
DuPont |
35% |
Kevlar® EXO for EVs |
IP portfolio dominance |
|
Teijin |
XX% |
Twaron® SF battery solutions |
Asian OEM partnerships |
|
Hyosung |
XX% |
Tera™ bio-aramid |
Cost leader |
Emerging Disruptors:
Market Segmentation
Recent Developments (2024)
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