Aramid Fibers Market Size, Competitive Landscape, Revenue Analysis, 2022–2030
The global Aramid Fibers Market size is expected to reach USD 8,569.4 Million in 2030 and register a revenue CAGR of 6.0% over the forecast period, according to the latest report by Reports and Data. Growing automotive, aerospace, defense, and construction industries are among the key factors driving the market revenue growth. In addition, the growing need for lightweight materials for personnel protection equipment that protects the wearer from thermal, physical, electrical, and biological dangers is fueling the market revenue growth. Aramid fiber is also used for the production of stab-resistant and bullet-proof products, including gloves, helmets, and clothing materials. It is also widely used in the production of products such as fishing and golf rods, bows, skis, and airplane wall materials. Another factor promoting market growth is the growing industrialization and urbanization around the world. The need for aramid fiber as an asbestos and steel substitute is be...