Aramid Fiber Reinforced Plastic (AFRP) Market Size to Grow with Rising Demand in Aerospace, Military & Automotive Applications | Valuates Reports

Aramid Fiber Reinforced Plastic Market Size
The global Aramid Fiber Reinforced Plastic market is projected to grow from US$ 339.7 million in 2024 to US$ 460.4 million by 2030, at a Compound Annual Growth Rate (CAGR) of 5.2% during the forecast period.

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The Aramid Fiber Reinforced Plastic (AFRP) Market is witnessing rapid growth, driven by increasing adoption in high-performance industries such as aerospace, defense, automotive, and sporting goods. AFRPs are lightweight, corrosion-resistant, and provide exceptional strength-to-weight ratios, making them a preferred material in applications where durability and performance are critical.

By type, the market is segmented into thermoplastic and thermoset AFRPs. Thermoplastic AFRPs are gaining traction due to their recyclability, impact resistance, and ease of processing, while thermoset AFRPs remain dominant in structural applications requiring high stiffness and long-term stability.

By application, the aircraft and military segments account for a significant share, supported by rising demand for lightweight composite materials in next-generation defense equipment and commercial aircraft manufacturing. The vehicles segment is also growing rapidly as automakers seek advanced materials to improve fuel efficiency, reduce emissions, and meet stringent regulatory standards. Meanwhile, sports goods manufacturers are leveraging AFRPs to design premium products with superior performance and durability.

The global AFRP market forecast suggests substantial opportunities ahead, driven by ongoing innovations in composite materials, increasing R&D investments, and expanding use in electric vehicles (EVs), defense modernization programs, and high-performance consumer goods. As industries continue to prioritize lightweight and high-strength materials, aramid fiber reinforced plastics are set to play a pivotal role in the future of mobility, defense, and advanced manufacturing.

Segment by Type

• Thermoplastic
• Thermoset

Segment by Application

• Sport Goods
• Aircrafts
• Military
• Vehicles
• Others

By Company

DuPont, Teijin, Advanced Composites, Lanxess, Toray, Celanese, Avient, AXIA Materials, Lingol, Protech, Lengine

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