The Global Aramid Fibre Reinforced Plastics (AFRP) Market was valued at approximately USD 1.2 Billion in 2024 and is projected to reach USD 1.9 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of around 7.5% during the forecast period (2024–2030). This robust growth is primarily driven by the escalating demand for lightweight, high-strength materials across the aerospace, defense, automotive, and sports equipment industries, coupled with stringent safety and fuel efficiency regulations globally.

As industries increasingly prioritize performance and sustainability, the development of advanced composites has taken center stage. In this blog, we profile the Top 10 Companies in the Aramid Fibre Reinforced Plastics Industry—a group of chemical giants, material scientists, and composite specialists who are defining the future of high-performance materials.

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🔟 1. Teijin Limited

Headquarters: Osaka, Japan
Key Offering: Twaron® and Technora® aramid fibers, composite solutions

Teijin is a global frontrunner in aramid fiber technology and a leading producer of AFRP. The company’s Twaron® para-aramid fiber is renowned for its exceptional strength-to-weight ratio, heat resistance, and durability, making it a critical component in ballistic protection, automotive components, and industrial applications.

Innovation and Market Initiatives:

• Continuous investment in expanding Twaron® production capacity

• Development of recycled aramid fiber solutions for a circular economy

• Strategic partnerships with automotive OEMs for lightweight vehicle designs

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9️⃣ 2. Toray Industries, Inc.

Headquarters: Tokyo, Japan
Key Offering: Kevlar® (under license), Torayca® carbon fibers, advanced composites

Toray is a diversified chemical giant and a key player in advanced materials. Through a long-standing agreement, it manufactures and markets DuPont’s Kevlar® aramid fiber in Japan and other parts of Asia. The company integrates aramid fibers with its carbon fiber expertise to create hybrid composites for aerospace and high-performance applications.

Innovation and Market Initiatives:

• Leadership in carbon fiber and hybrid composite technologies

• Focus on aerospace-grade composites for next-generation aircraft

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Aramid Fibre Reinforced Plastics Market – View in Detailed Research Report

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8️⃣ 3. DuPont de Nemours, Inc.

Headquarters: Wilmington, Delaware, USA
Key Offering: Kevlar® and Nomex® aramid fibers

DuPont is the inventor and a primary global manufacturer of aramid fibers, with its flagship Kevlar® brand being synonymous with high-strength materials. Kevlar® is extensively used in body armor, cut-resistant gloves, and reinforcing tires and hoses. DuPont’s extensive R&D drives continuous improvement in fiber performance and application diversity.

Innovation and Market Initiatives:

• Pioneering research in aramid fiber chemistry and applications

• Expansion into new markets like electric vehicle battery protection systems

• Sustainability programs aimed at reducing the environmental footprint of production

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7️⃣ 4. Solvay S.A.

Headquarters: Brussels, Belgium
Key Offering: Technyl® polyamide, composite materials, specialty polymers

Solvay is a leading supplier of high-performance polymers and composite materials. While renowned for its thermoplastics, Solvay offers advanced material systems that can be reinforced with aramid fibers to create AFRP components with excellent mechanical properties and thermal stability for the automotive and aerospace sectors.

Innovation and Market Initiatives:

• Development of sustainable composite material solutions

• Strong focus on aerospace and defense applications

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6️⃣ 5. Hexcel Corporation

Headquarters: Stamford, Connecticut, USA
Key Offering: Carbon fibers, woven reinforcements, resin systems, composite materials

Hexcel is a global leader in advanced composites technology. The company supplies a wide range of reinforcement fabrics, including those incorporating aramid fibers, which are used with its resin systems to produce lightweight, durable AFRP structures for commercial aviation, space, and defense applications.

Innovation and Market Initiatives:

• Key supplier to major aerospace programs (e.g., Airbus, Boeing)

• Investment in R&D for next-generation composite materials

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5️⃣ 6. Hyosung Corporation

Headquarters: Seoul, South Korea
Key Offering: Taron® aramid fiber, spandex, industrial materials

Hyosung has emerged as a significant global competitor in the aramid fiber market with its Taron® brand. The company has been aggressively expanding its production capacity to challenge established players, offering high-performance aramid fibers for ballistic protection, rubber reinforcement, and optical fiber cables.

Innovation and Market Initiatives:

• Rapid scaling of Taron® aramid fiber production capacity

• Cost-competitive alternative in the global aramid market

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4️⃣ 7. Kolon Industries, Inc.

Headquarters: Gwacheon, South Korea
Key Offering: Heracron® aramid fiber, films, chemicals

Kolon Industries is another major South Korean chemical company and a key producer of aramid fibers under the Heracron® brand. Kolon has developed a strong presence in various applications, including tire cord, protective apparel, and industrial materials, contributing to the diversification of the global AFRP supply chain.

Innovation and Market Initiatives:

• Focus on expanding application base for Heracron® fiber

• Investment in technological advancements to enhance fiber properties

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3️⃣ 8. SABIC (Saudi Basic Industries Corporation)

Headquarters: Riyadh, Saudi Arabia
Key Offering: Thermoplastics, engineered plastics, composite solutions

SABIC is a global leader in diversified chemicals. While not a primary aramid fiber producer, SABIC is a crucial player in the plastics and composites ecosystem. The company supplies high-performance thermoplastic resins that are often used as the matrix material in AFRP, particularly for injection-molded components requiring high impact strength.

Innovation and Market Initiatives:

• Development of specialized resin systems for composite applications

• Commitment to circular economy through recycled content offerings

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2️⃣ 9. SGL Carbon

Headquarters: Wiesbaden, Germany
Key Offering: Carbon-based products, composite materials, graphite specialties

SGL Carbon is a leading expert in carbon-based solutions and composites. The company’s expertise includes processing various fibers, including aramid, into composite materials. SGL Carbon specializes in creating tailored solutions for the automotive, aerospace, and industrial sectors, often combining materials for optimal performance.

Innovation and Market Initiatives:

• Specialization in lightweight composite components for automotive

• Strong focus on R&D for material combination and processing technologies

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1️⃣ 10. Yantai Tayho Advanced Materials Co., Ltd.

Headquarters: Yantai, Shandong, China
Key Offering: Taparan® aramid fiber and products

Yantai Tayho is a leading Chinese manufacturer of aramid fibers and has become a significant player in the global market. The company produces meta-aramid and para-aramid fibers under the Taparan® brand, catering to the growing domestic demand in China and expanding its international footprint in protection, filtration, and insulation applications.

Innovation and Market Initiatives:

• Rapid growth and capacity expansion within China

• Increasing competition in the global aramid fiber supply market

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Aramid Fibre Reinforced Plastics Market – View in Detailed Research Report

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🌍 Outlook: The Future of Aramid Fibre Reinforced Plastics is Lightweight and High-Performance

The Aramid Fibre Reinforced Plastics market is poised for significant evolution. The relentless demand for lightweighting across transportation sectors, coupled with the need for enhanced safety and durability, ensures a promising future for AFRP. The industry’s focus is shifting towards developing more sustainable production processes and exploring novel applications.

📈 Key Trends Shaping the Market:

• Accelerated adoption in electric vehicle (EV) battery casings and structural components for weight reduction and safety

• Growth in demand for ballistic and personal protection equipment in defense and law enforcement

• Increasing use in aerospace for interior panels, flooring, and secondary structures to improve fuel efficiency

• R&D into recycling technologies for aramid fibers to address end-of-life composite materials

Read Full Report:
Aramid Fibre Reinforced Plastics Market – View in Detailed Research Report

The companies listed above are not only supplying critical materials—they are enabling technological advancements that make vehicles safer, aircraft more efficient, and protective gear more reliable, shaping a stronger and lighter future.