Aramid Fiber Market for Automotive Hoses Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type (Para-Aramid Fiber and Meta-Aramid Fiber),” the market was valued at US$ 1,27,418.10 thousand in 2021 and is projected to reach US$ 2,13,935.94 thousand by 2028; it is expected to grow at a CAGR of 7.7% from 2021 to 2028. The report highlights key factors driving the market growth and prominent players along with their developments in the market

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.

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Impact of COVID-19 Pandemic on Aramid fiber for automotive hoses Market

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 for automotive hoses Market

    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.  

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.

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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 for automotive hoses Market, by Type– 2020 and 2028

 Strategic Insights

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

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

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