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The North America Aramid Fiber Market for automotive hoses is expected to grow from US$ 30,370.48 thousand in 2021 to US$ 49,265.28 thousand by 2028; it is estimated to grow at a CAGR of 7.2% from 2021 to 2028.
Electric vehicles (EVs) present unique demands for hoses and fluid transmission assemblies compared to traditional internal combustion engine (ICE) vehicles. High-capacity batteries in large EVs generate significant heat, prompting many manufacturers to utilize composite tubes for battery enclosures to manage thermal output. EV tubes often exhibit greater length and narrower diameters than those in conventional vehicles. Simultaneously, EVs retain the need for many standard automotive hoses, pipe fittings, and assemblies, such as those used in air conditioning and braking systems. However, these components require specific design considerations to ensure optimal performance within the operational context of an electric vehicle. For example, air conditioning hose assemblies in EVs are crucial for the transport of refrigerant and lubricant between system components, typically involving both pressure and return lines.
Furthermore, the automotive industry is increasingly adopting aramid fiber in EVs. This trend is driven by automotive companies seeking to replace conventional substrate materials with synthetic alternatives and a growing emphasis on environmental sustainability. Aramid fibers are valued for their thermal resistance, high strength, reinforcement capabilities, and other properties that enhance the performance of automotive components like filters, belts, and gaskets. Consequently, the rising popularity of electric vehicles is expected to create substantial opportunities for manufacturers of automotive hoses.
North America Aramid Fiber Market Introduction
The North America Aramid Fiber Market in automotive hoses is characterized by high fragmentation, with numerous regional and local suppliers offering diverse solutions to companies operating in this sector. The automotive industry employs a range of materials, including iron, aluminum, plastic, steel, and glass, in vehicle construction. Aramid fibers are gaining significant traction as a replacement for fiberglass and steel in automotive hose manufacturing due to their lightweight nature, high tensile strength, and superior resistance to corrosion. Automotive manufacturers are continuously striving for a competitive edge through product innovation. Factors such as safety requirements, the demand for excellent performance, and the push for sustainability are driving the automotive industry to develop high-quality products. Modern automotive hoses must maintain performance under increasingly challenging operating conditions. For instance, under-hood hose systems face progressively harsher environments. As a result, the reinforcing yarns used in these hoses must possess superior strength, as well as chemical, thermal, and dimensional stability. Aramid fibers are thus widely utilized in the automotive sector to enhance the safety, performance, and durability of various automotive components, including hoses and belts, across a range of vehicle types. The incorporation of aramid fiber offers several advantages, such as extended product lifespan and improved product performance.
North America Aramid Fiber Market: The COVID-19
pandemic significantly disrupted supply chains, manufacturing processes, and research and development activities within the automotive industry. For example, the US car industry experienced considerable vulnerability during the outbreak. Vehicle sales in August saw a year-on-year decline of over 20%, reaching 1.33 million units. Total sales from January to August 2020 amounted to approximately 8.8 million units, representing a 23% decrease compared to the previous year. However, with the reopening of several growth markets, advancements in vaccination efforts, and government initiatives aimed at supporting economic and industrial growth in North America, the demand for aramid fiber is projected to increase at a steady rate North America Aramid Fiber Market in the coming years.
North America Aramid Fiber Market for Automotive Hoses Segmentation
North America Aramid Fiber Market for Automotive Hoses – By Type
Para-Aramid Fiber
Meta Aramid Fiber
North America Aramid Fiber Market for Automotive Hoses – By Country
US
Canada
Mexico
North America Aramid Fiber Market for Automotive Hoses – Company Profiles
DuPont de Nemours, Inc.
Teijin Limited
Aramid Hpm, LLC
Continental AG
Kolon Industries Inc.
YOKOHAMA RUBBER CO., LTD.
Beaver Manufacturing Company
Artel Rubber Company
Gates Corporation
Norres
Huvis Corp.
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About Us:
Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications.
Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights
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