The scope of our recent study on the “Aramid Fiber Market for Automotive Hoses Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type (Para-Aramid Fiber and Meta-Aramid Fiber)” includes the factors fueling the market growth, revenue estimation and forecast, and market share analysis. It also encompasses the identification of significant market players and their key developments in the market.

The aramid fiber market for automotive hoses 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. 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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Based on type, the aramid fiber market for automotive hoses is segmented into para-aramid fiber and meta-aramid fiber. The para-aramids fiber segment dominated the market in 2020. 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). The dry-jet, wet spinning method is used to make these fibers, which results in fiber with completely extended liquid crystal chains generated along the fiber axis and a high degree of crystallinity, which adds to the fiber's strength. P-aramid fibers can be made with a tenacity of 23 g/den and a break elongation of 3.5%. Compared to meta-aramid polyamide, fibers manufactured from para-aramid polyamide exhibit a greater strength. Para-aramid fibers are used to make reinforcement polymers for civil constructions, stress skin panels, and other high-tensile-strength applications.

The companies in this market have been continuously focusing on strategies such as product developments, plant expansions, and mergers and acquisitions to expand their footprint worldwide and fulfil the growing demand of the market.

Some of the major key players operating in the global aramid fiber for automotive hoses industry includes Contitech Ag, Dupont, Teijin Limited, Yokohama Rubber Co., Ltd., Schaeffler Ag, Bando Chemical Industries Ltd., Hutchinson Sa, Toyobo Co. Ltd., Aramid Hpm, Llc, Fiberline, Kolon Industries, Inc .The major players in the aramid fiber for automotive hoses industry are focusing on strategies such as mergers and acquisitions and research and development to increase the geographical presence and consumer base globally.

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