Forecast of Global Aramid (Aramid Fiber) Market 2024

Global Aramid (Aramid Fiber) market is expected to grow at a CAGR of roughly 2.9% over the next five years, will reach 4.98 Billion USD in 2024, from 4.2 Billion USD in 2019. Aramid Fiber is man-made high-performance fiber, with molecules that are characterized by relatively rigid polymer chains. These molecules are linked by strong hydrogen bonds that transfer mechanical stress very efficiently, making it possible to use chains of relatively low molecular weight.