Aramid Fiber Market for Automotive Hoses Growth Analysis 2028

    Aramid Fiber Market for Automotive Hoses Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Para-Aramid Fiber and Meta Aramid Fiber)

    Publication Month: Oct 2021 | Report Code: TIPRE00025554 | No. of Pages: 117 | Category: Chemicals and Materials | Status: Published

    The aramid fiber market for automotive hoses is projected to reach US$ 213.93 million by 2028 from US$ 127.41 million 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.

    Strategic Insights


    The aramid fiber market for automotive hoses in Asia Pacific is expected to grow at the fastest CAGR during the forecast period. The regional market is projected to witness remarkable growth in the near future due to the rapidly expanding automotive industry, which propels the flourishment of the auto-parts manufacturing industry, especially in countries such as China, South Korea, and India. As the production of electric vehicles increases, so does the number of parts and components in the vehicle, which will further bolster the aramid fiber market for automotive hoses growth in the region.

    Impact of COVID-19 Pandemic on Aramid Fiber Market for Automotive Hoses

    The COVID-19 pandemic significantly impacted the aramid fiber market for automotive hoses in 2020. During the pandemic, the automotive industries temporarily discontinued their production processes, leading to a decrease in demand for products made up of aramid fibers. In addition, the global automotive industry has witnessed a downfall recently. According to the OICA, ~77.62 thousand vehicles were produced globally in 2020, compared to 92.18 thousand vehicles in 2019, indicating a 15.8% drop in production. The drop can be attributed to a lower output in major automobile hubs such as the US, China, Japan, and Germany, which experienced a 19%, 2%, 17%, and 24% decline, respectively, in 2020, compared to 2019. However, the industry has started to gain momentum since the Q4 of 2020 and is expected to witness significant growth in the coming years owing to the rising demand for electric vehicles.

    Aramid Fiber Market for Automotive Hoses

    Aramid Fiber Market for Automotive Hoses

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    Market Insights

    Rise in Demand from Automotive Industry Fuel Market Growth

    Aramid fiber is a man-made polymer belonging to the class of strong synthetic and heat-resistant fibers. They provide good resistance to abrasion and organic solvents, and exhibit high melting point, low conductivity, and low flammability. There has been an increase in the use of aramid fibers in the automotive industry in applications such as tires, turbocharger hoses, powertrain components, belts, brake pads, gaskets, clutches, seat fabrics, electronics, seat sensors, and hybrid motor materials. These fibers are used to reinforce transmission, radiator, and turbocharger hoses. The hoses that are reinforced with aramid fibers are stronger and long-lasting and can withstand the toughest conditions.

    Car or vehicle production involves a number of materials, such as iron, aluminum, plastic, steel, and glass. Aramid fibers are extensively used as a substitute for aluminum and steel due to their lightweight, high tensile strength, and superior corrosion resistance. Manufacturers in the automotive industry are continuously striving to introduce innovative products to stay competitive in the markets they serve. Safety aspects, excellent performance, and the need for sustainability, pressure the automotive industry to develop high-quality products. They need to ensure a fine performance of automotive hoses irrespective of increasingly difficult conditions. For example, under-hood hose systems must withstand increasingly harsh operating conditions; consequently, the hose reinforcing yarns must have superior strength, as well as chemical, thermal, and dimensional stability. Aramid fibers help improve the safety, performance, and durability of automotive components, including automotive hoses and automotive belts. In addition, they help extend product life, improve product performance, and so on.

    Material Type Insights

    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.

    Aramid Fiber Market for Automotive Hoses, by Type– 2020 and 2028

    Aramid Fiber Market for Automotive Hoses, by Type– 2020 and 2028

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    A few of the companies 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 key companies implement the mergers and acquisitions, and research and development strategies to expand customer base and gain significant share in the global market, further allowing them to maintain their brand name globally.

    Report Spotlights

    • Progressive industry trends in the aramid fiber market for automotive hoses to help players develop effective long-term strategies
    • Business growth strategies adopted by developed and developing markets
    • Quantitative analysis of the aramid fiber market for automotive hoses from 2020 to 2028
    • Estimation of global demand for aramid fiber for automotive hoses
    • Porters analysis to illustrate the efficacy of buyers and suppliers operating in the industry
    • Recent developments to understand the competitive market scenario
    • Market trends and outlook, as well as factors driving and restraining the growth of the aramid fiber market for automotive hoses
    • Assistance in the decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
    • The size of the aramid fiber market for automotive hoses size at various nodes
    • Detailed overview and segmentation of the market, as well as the aramid fiber for automotive hoses industry dynamics
    • Size of the aramid fiber market for automotive hoses in various regions with promising growth opportunities

    Aramid Fiber Market for Automotive Hoses - by Type

    • Para aramid fiber
    • Meta Aramid Fiber

    Company Profiles

    • Contitech Ag
    • Dupont
    • Teijin Limited
    • Yokohama Rubber Co., Ltd.
    • Schaeffler Ag
    • Bando Chemical Industries Ltd.
    • Hutchinson Sa
    • Toyobo Co. Ltd.
    • Aramid Hpm, Llc
    • Fiberline

    1. Introduction. 16

    1.1 Study Scope. 16

    1.2 The Insight Partners 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 The Insight Partners. 115

    11.2 Glossary of Terms. 115


    LIST OF TABLES

    Table 1. Aramid Fiber Market for Automotive Hoses –Revenue and Forecast To 2028 (US$ Thousand) 40

    Table 2. North America Aramid Fiber Market for Automotive Hoses, by Type – Revenue and Forecast to 2028 (USD Thousand) 47

    Table 3. US Aramid Fiber Market for Automotive Hoses, by Type – Revenue and Forecast to 2028 (USD Thousand) 48

    Table 4. Canada: Aramid Fiber Market for Automotive Hoses, by Type – Revenue and Forecast to 2028 (USD Thousand) 49

    Table 5. Mexico Aramid Fiber Market for Automotive Hoses, by Type – Revenue and Forecast to 2028 (USD Thousand) 50

    Table 6. Europe Aramid Fiber Market for Automotive Hoses, by Type – Revenue and Forecast to 2028 (USD Thousand) 52

    Table 7. Germany Aramid Fiber Market for Automotive Hoses, by Type – Revenue and Forecast to 2028 (USD Thousand) 54

    Table 8. France Aramid Fiber Market for Automotive Hoses, by Type – Revenue and Forecast to 2028 (USD Thousand) 55

    Table 9. Italy Aramid Fiber Market for Automotive Hoses, by Type – Revenue and Forecast to 2028 (USD Thousand) 56

    Table 10. United Kingdom Aramid Fiber Market for Automotive Hoses, by Type – Revenue and Forecast to 2028 (USD Thousand) 57

    Table 11. Spain : Aramid Fiber Market for Automotive Hoses, by Type– Revenue and Forecast to 2028 (USD Thousand) 58

    Table 12. Rest of Europe Aramid Fiber Market for Automotive Hoses, by Type – Revenue and Forecast to 2028 (USD Thousand) 59

    Table 13. Asia-Pacific Aramid Fiber Market for Automotive Hoses, by Type – Revenue and Forecast to 2028 (US$ Thousand) 61

    Table 14. China Aramid Fiber Market for Automotive Hoses, by Type – Revenue and Forecast to 2028 (US$ Thousand) 63

    Table 15. Japan Aramid Fiber Market for Automotive Hoses, by Type – Revenue and Forecast to 2028 (US$ Thousand) 65

    Table 16. South Korea Aramid Fiber Market for Automotive Hoses, by Type – Revenue and Forecast to 2028 (US$ Thousand) 66

    Table 17. India Aramid Fiber Market for Automotive Hoses, by Type – Revenue and Forecast to 2028 (US$ Thousand) 68

    Table 18. Australia Aramid Fiber Market for Automotive Hoses, by Type – Revenue and Forecast to 2028 (US$ Thousand) 69

    Table 19. Rest of Asia-Pacific Aramid Fiber Market for Automotive Hoses, by Type – Revenue and Forecast to 2028 (US$ Thousand) 70

    Table 20. South and Central America Aramid Fiber Market for Automotive Hoses, by Type – Revenue and Forecast to 2028 (US$ Thousand) 72

    Table 21. Brazil Aramid Fiber Market for Automotive Hoses, by Type – Revenue and Forecast to 2028 (US$ Thousand) 73

    Table 22. Argentina Aramid Fiber Market for Automotive Hoses, by Type – Revenue and Forecast to 2028 (US$ Thousand) 74

    Table 23. Rest of South and Central America Aramid Fiber Market for Automotive Hoses, by Type – Revenue and Forecast to 2028 (US$ Thousand) 75

    Table 24. Middle East and Africa Aramid Fiber Market for Automotive Hoses, by Type – Revenue and Forecast to 2028 (US$ Thousand) 77

    Table 25. South Africa Aramid Fiber Market for Automotive Hoses, by Type – Revenue and Forecast to 2028 (US$ Thousand) 79

    Table 26. Saudi Arabia Aramid Fiber Market for Automotive Hoses, by Type – Revenue and Forecast to 2028 (US$ Thousand) 80

    Table 27. UAE Aramid Fiber Market for Automotive Hoses, by Type – Revenue and Forecast to 2028 (US$ Thousand) 81

    Table 28. Rest of the Middle East and Africa Aramid Fiber Market for Automotive Hoses, by Type – Revenue and Forecast to 2028 (US$ Thousand) 82

    Table 29. Glossary of Terms, Global Encapsulation Market 115


    LIST OF FIGURES

    Figure 1. Global Aramid Fiber Market for Automotive Hoses Segmentation. 17

    Figure 2. Global Aramid Fiber Market for Automotive Hoses Segmentation – By Geography. 18

    Figure 3. Global Aramid Fiber Market for Automotive Hoses Overview. 19

    Figure 4. Para-Aramid Fiber Segment Held Largest Share of Global Aramid Fiber Market for Automotive Hoses. 20

    Figure 5. Asia Pacific Region Held Largest Share of Global Aramid Fiber Market for Automotive Hoses. 21

    Figure 6. Global Aramid Fiber Market for Automotive Hoses, Key Market Players. 22

    Figure 7. Aramid Fiber Market for Automotive Hoses, Value Chain Analysis. 27

    Figure 8. Porter’s Five Forces Analysis. 29

    Figure 9. Expert Opinion. 31

    Figure 10. Share of Electric Cars in Global Car Fleet in Sustainable Development Scenario. 37

    Figure 11. Global Aramid Fiber Market for Automotive Hoses Impact Analysis of Drivers and Restraints. 38

    Figure 12. Geographic Overview of Global Aramid Fiber Market for Automotive Hoses. 39

    Figure 13. Global: Aramid Fiber Market for Automotive Hoses – Revenue and Forecast To 2028 (US$ Thousand) 40

    Figure 14. Aramid Fiber Market for Automotive Hoses Revenue Share, By Type (2020 and 2028) 42

    Figure 15. Para-Aramid Fiber: Aramid Fiber for Automotive Hoses – Revenue and Forecast To 2028 (US$ Thousand) 43

    Figure 16. Meta-Aramid Fiber: Aramid Fiber Market for Automotive Hoses – Revenue and Forecast To 2028 (US$ Thousand) 44

    Figure 17. Global Aramid Fiber Market for Automotive Hoses Revenue Share, by Region (2020 and 2028) 45

    Figure 18. North America: Aramid Fiber Market for Automotive Hoses – Revenue and Forecast to 2028 (US$ Thousand) 46

    Figure 19. North America: Aramid Fiber Market for Automotive Hoses Revenue Share, by Type (2020 and 2028) 46

    Figure 20. North America: Aramid Fiber Market for Automotive Hoses Revenue Share, by Key Country (2020 and 2028) 47

    Figure 21. US: Aramid Fiber Market for Automotive Hoses –Revenue and Forecast to 2028 (US$ Thousand) 48

    Figure 22. Canada: Aramid Fiber Market for Automotive Hoses –Revenue and Forecast to 2028 (US$ Thousand) 49

    Figure 23. Mexico: Aramid Fiber Market for Automotive Hoses –Revenue and Forecast to 2028 (US$ Thousand) 50

    Figure 24. Europe: Aramid Fiber Market for Automotive Hoses – Revenue and Forecast to 2028 (US$ Thousand) 52

    Figure 25. Europe: Aramid Fiber Market for Automotive Hoses Revenue Share, by Type (2020 and 2028) 52

    Figure 26. Europe: Aramid Fiber Market for Automotive Hoses Revenue Share, by Key Country (2020 and 2028) 53

    Figure 27. Germany: Aramid Fiber Market for Automotive Hoses–Revenue and Forecast to 2028 (US$ Thousand) 54

    Figure 28. France: Aramid Fiber Market for Automotive Hoses –Revenue and Forecast to 2028 (US$ Thousand) 55

    Figure 29. Italy: Aramid Fiber Market for Automotive Hoses –Revenue and Forecast to 2028 (US$ Thousand) 56

    Figure 30. United Kingdom: Aramid Fiber Market for Automotive Hoses –Revenue and Forecast to 2028 (US$ Thousand) 57

    Figure 31. Spain: Aramid Fiber Market for Automotive Hoses–Revenue and Forecast to 2028 (US$ Thousand) 58

    Figure 32. Rest of Europe: Aramid Fiber Market for Automotive Hoses–Revenue and Forecast to 2028 (US$ Thousand) 59

    Figure 33. Asia-Pacific: Aramid Fiber Market for Automotive Hoses – Revenue and Forecast to 2028 (US$ Thousand) 60

    Figure 34. Asia-Pacific: Aramid Fiber Market for Automotive Hoses Revenue Share, by Type (2020 and 2028) 61

    Figure 35. Asia-Pacific: Aramid Fiber Market for Automotive Hoses Revenue Share, by Key Country (2020 and 2028) 62

    Figure 36. China: Aramid Fiber Market for Automotive Hoses –Revenue and Forecast to 2028 (US$ Thousand) 62

    Figure 37. Japan: Aramid Fiber Market for Automotive Hoses –Revenue and Forecast to 2028 (US$ Thousand) 64

    Figure 38. South Korea: Aramid Fiber Market for Automotive Hoses –Revenue and Forecast to 2028 (US$ Thousand) 66

    Figure 39. India: Aramid Fiber Market for Automotive Hoses –Revenue and Forecast to 2028 (US$ Thousand) 67

    Figure 40. Australia: Aramid Fiber Market for Automotive Hoses –Revenue and Forecast to 2028 (US$ Thousand) 69

    Figure 41. Rest of Asia-Pacific: Aramid Fiber Market for Automotive Hoses –Revenue and Forecast to 2028 (US$ Thousand) 70

    Figure 42. South and Central America: Aramid Fiber Market for Automotive Hoses – Revenue and Forecast to 2028 (US$ Thousand) 71

    Figure 43. South and Central America: Aramid Fiber Market for Automotive Hoses Revenue Share, by Type (2020 and 2028) 72

    Figure 44. South and Central America: Aramid Fiber Market for Automotive Hoses Revenue Share, by Key Country (2020 and 2028) 72

    Figure 45. Brazil: Aramid Fiber Market for Automotive Hoses –Revenue and Forecast to 2028 (US$ Thousand) 73

    Figure 46. Argentina: Aramid Fiber Market for Automotive Hoses –Revenue and Forecast to 2028 (US$ Thousand) 74

    Figure 47. Rest of South and Central America: Aramid Fiber Market for Automotive Hoses –Revenue and Forecast to 2028 (US$ Thousand) 75

    Figure 48. Middle East and Africa: Aramid Fiber Market for Automotive Hoses – Revenue and Forecast to 2028 (US$ Thousand) 76

    Figure 49. Middle East and Africa: Aramid Fiber Market for Automotive Hoses Revenue Share, by Type (2020 and 2028) 77

    Figure 50. Middle East and Africa: Aramid Fiber Market for Automotive Hoses Revenue Share, by Key Country (2020 and 2028) 77

    Figure 51. South Africa: Aramid Fiber Market for Automotive Hoses –Revenue and Forecast to 2028 (US$ Thousand) 78

    Figure 52. Saudi Arabia: Aramid Fiber Market for Automotive Hoses –Revenue and Forecast to 2028 (US$ Thousand) 80

    Figure 53. UAE: Aramid Fiber Market for Automotive Hoses –Revenue and Forecast to 2028 (US$ Thousand) 81

    Figure 54. Rest of the Middle East and Africa: Aramid Fiber Market for Automotive Hoses –Revenue and Forecast to 2028 (US$ Thousand) 82

    Figure 55. Impact of COVID-19 Pandemic in North American Country Markets. 84

    Figure 56. Impact of COVID-19 Pandemic in Europe Country Markets. 84

    Figure 57. Impact of COVID-19 Pandemic in Asia Pacific Country Markets. 85

    Figure 58. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets. 86

    Figure 59. Impact of COVID-19 Pandemic in South America Country Markets. 87

    The List of Companies - Aramid Fiber Market for Automotive Hoses

    1. ARAMID HPM, LLC
    2. ARTEL RUBBER COMPANY
    3. BEAVER MANUFACTURING COMPANY
    4. CONTINENTAL AG
    5. DUPONT DE NEMOURS, INC.
    6. GATES CORPORATION
    7. HUVIS CORP.
    8. KOLON INDUSTRIES INC.
    9. NORRES
    10. TEIJIN LIMITED
    11. YOKOHAMA RUBBER CO., LTD
    • Highlights key business priorities in order to assist companies to realign their business strategies.
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    • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
    • Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
    • Enhance the decision-making process by understanding the strategies that underpin commercial interest `with respect to products, segmentation and industry verticals.
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    Frequently Asked Questions

    Para-aramid fiber is being increasingly used for automotive hoses as it is used to transport high temperature gas or fluids as well as support a high-pressure transmission system. Para-aramid fiber also provides superior performance in terms of fatigue, abrasion resistance, chemical stability and temperature resistance. These fibers are stiffer and have more tenacity and strength than meta-aramid fibers.
    North America is the second largest for aramid fiber market for automotive hoses over the forecast period. The growth in the automotive sector has led to increasing usage of aramid fiber for automotive hoses. The US is one of the largest automotive markets in the world and in 2018 the light vehicle sales in the US reached 17.2 million units which is the fourth straight year the sales have reached or surpassed 17 million units. In 2019, North America’s commercial vehicle production expanded by 3.6%. Thus, the growing automotive industry in North America has been increasing the demand for aramid fiber for automotive hoses.
    The major key players operating in the global aramid fiber market for automotive hoses include Aramid Hpm, LLC; Artel Rubber Company; Beaver Manufacturing Company; Continental AG; DuPont De Numerous Inc.; Gates Corporation; Huvis Corp.; Kolon Industries Inc.; Norres; Tejin Limited; and Yokohama Rubber Co., Ltd.
    Asia Pacific is the fastest growing as well as the dominating region for aramid fiber market for automotive hoses over the forecast period. The presence of various domestic and international players in the region will increased the focus of manufacturers on providing innovative products leading to increased opportunity for the aramid fiber market for automotive hoses to grow. Along with this, an increase in production in the automotive industry will lead to an increase demand for aramid fiber for automotive hoses. There is a rise in the adoption of electric vehicles in the region and moreover, various government policies are supporting the development of the electric vehicle industry in the region. Thus, an increase in adoption of electric vehicle in the region will provide opportunities for the aramid fiber market for automotive hoses to grow.

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