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2. MARKET DEFINITION
Aramid Fiber Market Size was valued at USD 4.1 billion in 2021, and expected to
reach USD 7.8 billion by 2028, and grow at a CAGR of 9.5% over the forecast period
2022-2028.
Aramid fibre is a man-made organic polymer that is strong and can stand up to high
temperatures. They have great qualities like being resistant to abrasion and organic
solvents, not conducting electricity, having a high melting point, not catching fire easily,
and so on.The main thing that drives the global aramid fibre market is the growing need
for protective clothing in the military and defence, and industrial sectors. Due to their
ability to resist fire and heat, aramid fibres are in high demand in the growing defence
industry, which is used for homeland security and counterterrorism.
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4. Market Dynamics
• More security and protection applications are
looking for lighter materials.
• The need for materials that are both light and
help vehicles reduce their emissions is growing.
KEY DRIVERS
• High costs for R&D
• Aramid fibres are not biodegradable.
RESTRAINTS
• More people want Homeland Security
• The Aerospace and Defense Industry is
Growing
OPPORTUNITY
5. MARKET SEGMENTATION
By Solution
ØAutopilot Software
ØNavigation Software
ØCar safety Software
ØEntertainment Software
By Vehicle Type
ØPassenger car (PC)
ØHeavy commercial vehicle (HCV)
ØLight commercial vehicle (LCV)
By Type
ØPara-aramid fiber
ØMeta-aramid fiber
By Application
ØSecurity & Protection
ØFrictional Materials
ØIndustrial Filtration
ØOptical Fibers
ØRubber Reinforcement
ØTire Reinforcement
ØElectrical Insulation
ØOthers
8. About US
SNS Insider is a market research company that helps clients looking to grow by giving them
strategies based on facts. With our headquarters in India, we've grown to help our clients find new
ways to grow all over the world.
We offer our clients an integrated data and research solution drawing on the company’s three
core competencies:
1. Syndicate 2. Custom 3. Consulting
Our staff of Field Interviewers takes care of the whole research process, from getting the first-
hand information to writing the final report. Our researchers and analysts work together to look
at all of the data and results of a study. SNS has built a proprietary market size model for every
business sector on our custom-built data platform. Our consultants also help clients figure out
how to use the results and suggestions of research in their own businesses.
9. Contact Us
Akash Anand
Head of Business Development &
Strategy
info@snsinsider.com
IND: +91-7798602273
US: +1-415-230-0044
