Aramid Fiber Reinforced Polymer (AFRP) Market Share Driven by Expanding Aerospace and Defense Applications | Valuates Reports

Aramid Fiber Reinforced Polymer (AFRP) Market Size
In 2024, the global market size of Aramid Fiber Reinforced Polymer (AFRP) was estimated to be worth US$ 1678 million and is forecast to reach approximately US$ 1990 million by 2031 with a CAGR of 2.5% during the forecast period 2025-2031.

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The aramid fiber reinforced polymer (AFRP) market is witnessing steady market growth, supported by rising demand for lightweight and high-strength materials across multiple industries. AFRPs are increasingly replacing metals and conventional composites due to their superior tensile strength, durability, and resistance to impact and heat. Key market trends such as sustainability initiatives, electric vehicle adoption, and advancements in composite manufacturing are further influencing the overall market size and market forecast.

By type, the thermoset segment currently accounts for the largest market share, benefiting from its superior mechanical properties and widespread usage in aerospace, defense, and high-performance automotive applications. The thermoplastic segment is anticipated to record faster market growth owing to its recyclability, shorter processing cycles, and suitability for applications where flexibility and cost efficiency are critical. Both segments are shaping the competitive landscape of the AFRP market.

By application, the aircraft segment dominates the market share, supported by the aviation sector's emphasis on weight reduction and fuel efficiency. The military segment is projected to witness rapid market growth due to the need for high-strength armor, ballistic protection, and advanced defense systems. Additionally, sports goods and vehicle applications are contributing significantly to the expansion of the overall market size, while the "others" category ensures further diversification of demand.

Looking forward, the AFRP market forecast points to strong opportunities across aerospace, defense, and industrial sectors. Increasing investment in advanced manufacturing techniques, rising demand for sustainable lightweight materials, and global infrastructure growth are expected to accelerate market trends. As innovation and adoption rates rise, the aramid fiber reinforced polymer market share is set to expand, establishing AFRPs as a critical material in high-performance applications.

Segment by Type

• Thermoplastic
• Thermoset

Segment by Application

• Sport Goods
• Aircrafts
• Military
• Vehicles
• Others

By Company

DuPont, Teijin, Advanced Composites, Lanxess, TenCate, Celanese, PolyOne, AXIA Materials, Lingol, Protech, Lengine

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