Feb 7, 2022   SOURCE: BusinessWire

Global Aramid Fiber for Automotive Hoses Markets, 2021-2028 - Increasing Adoption of Electric Vehicles & Rising Need for Lightweight Materials Offering Significant Emission Reduction in Vehicles - ResearchAndMarkets.com

The "Aramid Fiber for Automotive Hoses Market Forecast to 2028 - COVID-19 Impact and Global Analysis" report has been added to ResearchAndMarkets.com's offering.

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.

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.

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.

Key Market Dynamics

Market Drivers

  • Rise in Demand from Automotive Industry
  • Phenomenal Characteristics of Aramid Fibers

Market Restraints

  • Disadvantages of Aramid Fibers

Market Opportunities

  • Increasing Adoption of Electric Vehicles

Future Trends

  • Rising Need for Lightweight Materials Offering Significant Emission Reduction in Vehicles

Company Profiles

  • 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

For more information about this report visit https://www.researchandmarkets.com/r/6epja8