The aramid fiber market for automotive hoses is projected to reach US$ 2,13,935.94 thousand by 2028 from US$ 1,27,418.10 thousand in 2021; it is expected to grow at a CAGR of 7.7% from 2021 to 2028.
Aramid fibers are high-performance synthetic fibers with molecules characterized by relatively stiff polymer chains. These molecules are linked together by strong hydrogen bonds that efficiently transmit mechanical stress. The term "aramid" means "aromatic polyamide." Aramid fibers appear bright golden yellow filaments. These fibers are used to reinforce tires, powertrain components, turbocharger hoses, brake pads, belts, gaskets, clutches, seat textiles, electronics, seat sensors, and hybrid motor materials.
Based on type, the aramid fiber market for automotive hoses is bifurcated into para-aramid fiber and meta aramid fiber. The para-aramid segment is register a higher CAGR in the market during 2021-2028. Para-aramids have high tensile strength (the highest stress that a material can withstand) and modulus behavior (the tendency of a material to deform when force is applied). Further, para-aramid fibers are stiffer and have greater tenacity as well as strength than meta-aramid fibers. However, they are chemically sensitive, and acids, alkalis, and bleaches weaken the strength of para-aramid polyamide. A few of the examples of para-aramid fibers are Kevlar, Technora, Twaron, and Herron. The demand for para-aramid fibers is driven by their increasing use in security and safety applications. They are used in critical applications such as protective clothing, including bulletproof vests, helmets, and vehicle armor, due to their ultrahigh strength, and rigid and highly-oriented molecular structure.
Based on region, the aramid fiber market for automotive hoses is segmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa. In 2020, Asia Pacific accounted for the largest share in the market. The growth of the market in this region is mainly attributed to the rapidly flourishing automotive industries, especially in countries such as China, South Korea, and India. There has been a continuous rise in the demand for automotive gasket and seals in China and India due to the increased production of light and heavy vehicles.
A few key players operating in the aramid fiber market for automotive hoses are Contitech Ag, Dupont, Teijin Limited, Yokohama Rubber Co., Ltd., Schaeffler Ag, Bando Chemical Industries Ltd., Hutchinson Sa, Toyobo Co. Ltd., Aramid Hpm, Llc, Fiberline, AND Kolon Industries, Inc..
The overall size of the global aramid fiber market for automotive hoses has been derived using both primary and secondary source. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data as well as to gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers-along with external consultants such as valuation experts, research analysts, and key opinion leaders-specializing in the aramid fiber market for automotive hoses.
TABLE OF CONTENTS
1. Introduction 16
1.1 Study Scope 16
1.2 Research Report Guidance 16
1.3 Market Segmentation 17
2. Key Takeaways 19
3. Research Methodology 23
3.1 Scope of the Study 23
3.2 Research Methodology 23
 3.2.1 Data Collection 23
 3.2.2 Primary Interviews 24
 3.2.3 Hypothesis Formulation 24
 3.2.4 Macro-economic Factor Analysis 24
 3.2.5 Developing Base Number 25
 3.2.6 Data Triangulation 25
 3.2.7 Country Level Data 25
4. Global Aramid Fiber Market for Automotive Hoses Landscape 26
4.1 Market Overview 26
4.2 Value Chain Analysis 27
4.3 Porter's Five Forces Analysis 29
 4.3.1 Bargaining Power of Suppliers 30
 4.3.2 Bargaining Power of Buyers 30
 4.3.3 Threat of Substitutes 30
 4.3.4 Threat of New Entrants 30
 4.3.5 Intensity of Competitive Rivalry 31
4.4 Expert Opinion 31
4.5 Qualitative Analysis on Vehicle Electrification 32
5. Aramid Fiber Market for Automotive Hoses - Key Market Dynamics 35
5.1 Market Drivers 35
 5.1.1 Rise in Demand from Automotive Industry 35
 5.1.2 Phenomenal Characteristics of Aramid Fibers 35
5.2 Market Restraints 36
 5.2.1 Disadvantages of Aramid Fibers 36
5.3 Market Opportunities 36
 5.3.1 Increasing Adoption of Electric Vehicles 36
5.4 Future Trends 37
 5.4.1 Rising Need for Lightweight Materials Offering Significant Emission Reduction in Vehicles 37
5.5 Impact Analysis of Drivers and Restraints 38
6. Global Market - Global Analysis 39
6.1 Global Market Overview 39
6.2 Aramid Fiber Market for Automotive Hoses -Revenue and Forecast To 2028 (US$ Thousand) 40
6.3 Market Positioning - Global Market Players 41
7. Aramid Fiber Market for Automotive Hoses Analysis - By Type 42
7.1 Overview 42
7.2 Aramid Fiber Market for Automotive Hoses, By Type (2020 and 2028) 42
7.3 Para-Aramid Fiber 43
 7.3.1 Overview 43
 7.3.2 Para-Aramid Fiber: Aramid Fiber Market for Automotive Hoses - Revenue and Forecast to 2028 (US$ Thousand) 43
7.4 Meta-Aramid Fiber 44
 7.4.1 Overview 44
 7.4.2 Meta-Aramid Fiber: Aramid Fiber for Automotive Hoses - Revenue and Forecast to 2028 (US$ Thousand) 44
8. Aramid Fiber Market for Automotive Hoses- Geographic Analysis 45
8.1 Overview 45
8.2 North America: Aramid Fiber Market for Automotive Hoses 45
 8.2.1 North America: Aramid Fiber Market for Automotive Hoses -Revenue and Forecast to 2028 (US$ Thousand) 46
 8.2.2 North America: Aramid Fiber Market for Automotive Hoses, by Type 46
 8.2.3 North America: Aramid Fiber Market for Automotive Hoses, by Key Country 47
 8.2.3.1 US: Aramid Fiber Market for Automotive Hoses -Revenue and Forecast to 2028 (US$ Thousand) 48
 8.2.3.1.1 US: Aramid Fiber Market for Automotive Hoses, by Type 48
 8.2.3.2 Canada: Aramid Fiber Market for Automotive Hoses -Revenue and Forecast to 2028 (US$ Thousand) 49
 8.2.3.2.1 Canada: Aramid Fiber Market for Automotive Hoses, by Type 49
 8.2.3.3 Mexico: Aramid Fiber Market for Automotive Hoses -Revenue and Forecast to 2028 (US$ Thousand) 50
 8.2.3.3.1 Mexico: Aramid Fiber Market for Automotive Hoses, by Type 50
8.3 Europe: Aramid Fiber Market for Automotive Hoses 51
 8.3.1 Europe: Aramid Fiber Market for Automotive Hoses -Revenue and Forecast to 2028 (US$ Thousand) 51
 8.3.2 Europe: Aramid Fiber Market for Automotive Hoses, by Type 52
 8.3.3 Europe: Aramid Fiber Market for Automotive Hoses, by Key Country 53
 8.3.3.1 Germany: Aramid Fiber Market for Automotive Hoses -Revenue and Forecast to 2028 (US$ Thousand) 54
 8.3.3.1.1 Germany: Aramid Fiber Market for Automotive Hoses, by Type 54
 8.3.3.2 France: Aramid Fiber Market for Automotive Hoses-Revenue and Forecast to 2028 (US$ Thousand) 55
 8.3.3.2.1 France: Aramid Fiber Market for Automotive Hoses, by Type 55
 8.3.3.3 Italy: Aramid Fiber Market for Automotive Hoses -Revenue and Forecast to 2028 (US$ Thousand) 56
 8.3.3.3.1 Italy: Aramid Fiber Market for Automotive Hose, by Type 56
 8.3.3.4 United Kingdom: Aramid Fiber Market for Automotive Hoses-Revenue and Forecast to 2028 (US$ Thousand) 57
 8.3.3.4.1 United Kingdom: Aramid Fiber Market for Automotive Hoses, by Type 57
 8.3.3.5 Spain: Aramid Fiber Market for Automotive Hoses-Revenue and Forecast to 2028 (US$ Thousand) 58
 8.3.3.5.1 Spain: : Aramid Fiber Market for Automotive Hoses, by Type 58
 8.3.3.6 Rest of Europe: Aramid Fiber Market for Automotive Hoses -Revenue and Forecast to 2028 (US$ Thousand) 59
 8.3.3.6.1 Rest of Europe: Aramid Fiber Market for Automotive Hoses, by Type 59
8.4 Asia-Pacific: Aramid Fiber Market for Automotive Hoses 60
 8.4.1 Asia-Pacific: Aramid Fiber Market for Automotive Hoses - Analysis and Forecast to 2028 (US$ Thousand) 60
 8.4.2 Asia-Pacific: Aramid Fiber Market for Automotive Hoses, by Type 61
 8.4.3 Asia-Pacific: Aramid Fiber Market for Automotive Hoses, by Key Country 62
 8.4.3.1 China: Aramid Fiber Market for Automotive Hoses -Analysis and Forecast to 2028 (US$ Thousand) 62
 8.4.3.1.1 China: Aramid Fiber Market for Automotive Hoses, by Type 63
 8.4.3.2 Japan: Aramid Fiber Market for Automotive Hoses -Analysis and Forecast to 2028 (US$ Thousand) 64
 8.4.3.2.1 Japan: Aramid Fiber Market for Automotive Hoses, by Type 65
 8.4.3.3 South Korea: Aramid Fiber Market for Automotive Hoses -Analysis and Forecast to 2028 (US$ Thousand) 66
 8.4.3.3.1 South Korea: Aramid Fiber Market for Automotive Hoses, by Type 66
 8.4.3.4 India: Aramid Fiber Market for Automotive Hoses -Analysis and Forecast to 2028 (US$ Thousand) 67
 8.4.3.4.1 India: Aramid Fiber Market for Automotive Hoses, by Type 68
 8.4.3.5 Australia: Aramid Fiber Market for Automotive Hoses -Analysis and Forecast to 2028 (US$ Thousand) 69
 8.4.3.5.1 Australia: Aramid Fiber Market for Automotive Hoses, by Type 69
 8.4.3.6 Rest of Asia-Pacific: Aramid Fiber Market for Automotive Hoses -Analysis and Forecast to 2028 (US$ Thousand) 69
 8.4.3.6.1 Rest of Asia-Pacific: Aramid Fiber Market for Automotive Hoses, by Type 70
8.5 South and Central America: Aramid Fiber Market for Automotive Hoses 71
 8.5.1 South and Central America: Aramid Fiber Market for Automotive Hoses - Analysis and Forecast to 2028 (US$ Thousand) 71
 8.5.2 South and Central America: Aramid Fiber Market for Automotive Hoses, by Type 72
 8.5.3 South and Central America: Aramid Fiber Market for Automotive Hoses, by Key Country 72
 8.5.3.1 Brazil: Aramid Fiber Market for Automotive Hoses -Analysis and Forecast to 2028 (US$ Thousand) 73
 8.5.3.1.1 Brazil: Aramid Fiber Market for Automotive Hoses, by Type 73
 8.5.3.2 Argentina: Aramid Fiber Market for Automotive Hoses -Analysis and Forecast to 2028 (US$ Thousand) 74
 8.5.3.2.1 Argentina: Aramid Fiber Market for Automotive Hoses, by Type 74
 8.5.3.3 Rest of South and Central America: Aramid Fiber Market for Automotive Hoses -Analysis and Forecast to 2028 (US$ Thousand) 75
 8.5.3.3.1 Rest of South and Central America: Aramid Fiber Market for Automotive Hoses, by Type 75
8.6 Middle East and Africa: Aramid Fiber Market for Automotive Hoses 76
 8.6.1 Middle East and Africa: Aramid Fiber Market for Automotive Hoses - Analysis and Forecast to 2028 (US$ Thousand) 76
 8.6.2 Middle East and Africa: Aramid Fiber Market for Automotive Hoses, by Type 77
 8.6.3 Middle East and Africa: Aramid Fiber Market for Automotive Hoses, by Key Country 77
 8.6.3.1 South Africa: Aramid Fiber Market for Automotive Hoses -Analysis and Forecast to 2028 (US$ Thousand) 78
 8.6.3.1.1 South Africa: Aramid Fiber Market for Automotive Hoses, by Type 79
 8.6.3.2 Saudi Arabia: Aramid Fiber Market for Automotive Hoses -Analysis and Forecast to 2028 (US$ Thousand) 80
 8.6.3.2.1 Saudi Arabia: Aramid Fiber Market for Automotive Hoses, by Type 80
 8.6.3.3 UAE: Aramid Fiber Market for Automotive Hoses -Analysis and Forecast to 2028 (US$ Thousand) 81
 8.6.3.3.1 UAE: Aramid Fiber Market for Automotive Hoses, by Type 81
 8.6.3.4 Rest of the Middle East and Africa: Aramid Fiber Market for Automotive Hoses -Analysis and Forecast to 2028 (US$ Thousand) 82
 8.6.3.4.1 Rest of the Middle East and Africa: Aramid Fiber Market for Automotive Hoses, by Type 82
9. Impact of COVID-19 Pandemic on Global Aramid Fiber for Automotive Hoses Overview 83
9.1 North America: Impact Assessment of COVID-19 Pandemic 83
9.2 Europe: Impact Assessment of COVID-19 Pandemic 84
9.3 Asia Pacific: Impact Assessment of COVID-19 Pandemic 85
9.4 Middle East and Africa: Impact Assessment of COVID-19 Pandemic 86
9.5 South America: Impact Assessment of COVID-19 Pandemic 87
10. Company Profiles 88
10.1 DuPont de Nemours, Inc. 88
 10.1.1 Key Facts 88
 10.1.2 Business Description 88
 10.1.3 Products and Services 88
 10.1.4 Financial Overview 89
 10.1.5 SWOT Analysis 90
 10.1.6 Key Developments 90
10.2 Teijin Limited 91
 10.2.1 Key Facts 91
 10.2.2 Business Description 91
 10.2.3 Products and Services 91
 10.2.4 Financial Overview 92
 10.2.5 SWOT Analysis 93
 10.2.6 Key Developments 93
10.3 Aramid Hpm, LLC 94
 10.3.1 Key Facts 94
 10.3.2 Business Description 94
 10.3.3 Products and Services 94
 10.3.4 Financial Overview 94
 10.3.5 SWOT Analysis 94
 10.3.6 Key Developments 95
10.4 Continental AG 96
 10.4.1 Key Facts 96
 10.4.2 Business Description 96
 10.4.3 Products and Services 96
 10.4.4 Financial Overview 97
 10.4.5 SWOT Analysis 98
 10.4.6 Key Developments 98
10.5 Kolon Industries Inc. 99
 10.5.1 Key Facts 99
 10.5.2 Business Description 99
 10.5.3 Products and Services 99
 10.5.4 Financial Overview 99
 10.5.5 SWOT Analysis 100
 10.5.6 Key Developments 100
10.6 YOKOHAMA RUBBER CO., LTD 101
 10.6.1 Key Facts 101
 10.6.2 Business Description 101
 10.6.3 Products and Services 101
 10.6.4 Financial Overview 101
 10.6.5 SWOT Analysis 103
 10.6.6 Key Developments 103
10.7 Beaver Manufacturing Company 104
 10.7.1 Key Facts 104
 10.7.2 Business Description 104
 10.7.3 Products and Services 104
 10.7.4 Financial Overview 104
 10.7.5 SWOT Analysis 105
 10.7.6 Key Developments 105
10.8 Artel Rubber Company 106
 10.8.1 Key Facts 106
 10.8.2 Business Description 106
 10.8.3 Products and Services 106
 10.8.4 Financial Overview 106
 10.8.5 SWOT Analysis 107
 10.8.6 Key Developments 107
10.9 Gates Corporation 108
 10.9.1 Key Facts 108
 10.9.2 Business Description 108
 10.9.3 Products and Services 108
 10.9.4 Financial Overview 109
 10.9.5 SWOT Analysis 110
 10.9.6 Key Developments 110
10.10 Norres 111
 10.10.1 Key Facts 111
 10.10.2 Business Description 111
 10.10.3 Products and Services 111
 10.10.4 Financial Overview 111
 10.10.5 SWOT Analysis 112
 10.10.6 Key Developments 112
10.11 Huvis Corp. 113
 10.11.1 Key Facts 113
 10.11.2 Business Description 113
 10.11.3 Products and Services 113
 10.11.4 Financial Overview 114
 10.11.5 SWOT Analysis 114
 10.11.6 Key Developments 114
11. Appendix 115
11.1 About 115
11.2 Glossary of Terms 115
LIST OF TABLES
LIST OF FIGURES
ARAMID HPM, LLC
ARTEL RUBBER COMPANY
BEAVER MANUFACTURING COMPANY
CONTINENTAL AG
DUPONT DE NEMOURS, INC.
GATES CORPORATION
HUVIS CORP.
KOLON INDUSTRIES INC.
NORRES
TEIJIN LIMITED
YOKOHAMA RUBBER CO., LTD