Aramid Fiber Market for Automotive Hoses Size, Growth, Demand & Report Forecast 2028
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.
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.
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Aramid Fiber Market: Strategic Insights
Market Size Value in US$ 127.41 million in 2021 Market Size Value by US$ 213.93 million by 2028 Growth rate CAGR of 7.7% from 2021 to 2028 Forecast Period 2021-2028 Base Year 2021
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Aramid Fiber Market: Strategic Insights
| Market Size Value in | US$ 127.41 million in 2021 |
| Market Size Value by | US$ 213.93 million by 2028 |
| Growth rate | CAGR of 7.7% from 2021 to 2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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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.
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.
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 Report Scope
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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
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.
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.
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.
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
- 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
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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