Aramid Fiber Market Is Estimated To Exhibit At USD 6.98 Billion By 2030
San Francisco, 23 Nov 2023: The Report Aramid Fiber Market Size, Share & Trends Analysis Report By Product, By Application (Security & Protection, Frictional Materials, Rubber Reinforcement, Optical Fibers), By Region, And Segment Forecasts, 2023 - 2030 The global aramid fiber market size is expected to reach USD 6.98 billion by 2030, registering a CAGR of 7.8% over the forecast years, as per a new report by Grand View Research Inc. Superior properties, such as strength and heat-resistance, of aramid fiber have promoted its utilization in the production of body armor fabric. The growing need for security and protection across various industries, such as mining, healthcare/medical, oil & gas, building & construction, and military, is projected to propel the market growth. In addition, stringent regulations in developing economies related to occupational safety are likely to benefit the market growth over the forecast period. Aramid ...