PUBLISHER: Grand View Research | PRODUCT CODE: 1869892
PUBLISHER: Grand View Research | PRODUCT CODE: 1869892
The global para-aramid fibers market size was estimated at USD 3.43 billion in 2024 and is projected to reach USD 7.15 billion by 2033, growing at a CAGR of 8.6% from 2025 to 2033. This market is expected to witness substantial growth owing to its superior properties, including high strength and rigid molecular structure, which drives product use in security and protection applications.
Increasing demand for protective headgear, eye protection equipment, and safety harnesses is anticipated to propel product demand over the coming years. The product is supplied through wholesalers, retailers, direct agreements between players and distributors, or through third-party supply agreements. E. I. du Pont de Nemours Company and Teijin Ltd. are major product manufacturers and suppliers across the globe that are forward-integrated across the value chain.
Various companies are involved in the development of low-cost and technologically advanced aramid fiber products. Hand lay-up, vacuum bagging, vacuum infusion, RTM, RTM light, press molding, filament winding, and pultrusion are some of the methods adopted for product manufacturing.
The threat of substitutes is anticipated to remain medium over the forecast period. Carbon and glass fibers can be used as alternatives to aramid fibers, depending on the requirements of various application segments. In addition, most end users prefer aramid-based products over other synthetic fibers on account of their excellent chemical, mechanical, and thermal properties.
Product manufacturers face numerous challenges, elevated manufacturing costs, and low production efficiency, deterring growth. Factors, including high production cost, high initial investment, and inconsistent raw material supply, are also expected to hamper market growth, thereby discouraging the entry of new players in this market.
Global Para-Aramid Fibers Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global para-aramid fibers market report based on application, and region.