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Middle East and Africa Aramid Fiber Market for Automotive Hoses Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Para-Aramid Fiber and Meta Aramid Fiber)
Market Introduction
The Middle East and Africa aramid fiber market for automotive hoses is a highly fragmented market with the presence of considerable regional and local players providing numerous solutions for companies investing in the market arena. Electric vehicles require different kinds of hoses and fluid transmission assemblies than traditional internal combustion engine vehicles. Large battery electric vehicles generate a lot of heat, and many manufacturers use composite tubes to enclose the batteries and prevent their heat management. Electric vehicles tubes are typically much longer and narrower than traditional automotive tubes and electric vehicles also require many of the same hoses, pipe fittings, and assemblies as traditional vehicles, such as the air conditioning and brake lines. They also require special considerations to ensure appropriate performance in the operation of an electric vehicle. For instance, air conditioning hose assemblies can also be used in electric vehicles to carry refrigerant and lubricant between the components of the electric vehicle. These systems typically utilize both a pressure and return line. Further, increasing adoption of aramid fiber in electric vehicles, owing to several requirements by the automotive companies, such as replacing conventional substrates materials with synthetic substrates and increasing focus on environmental concerns. Aramid fibers are known for their temperature resistance, strength, reinforcement, and other properties that can help improve filters, belts, gaskets, and other automotive components. Thus, the rising adoption of electric vehicles is expected to provide lucrative opportunities for automotive hoses manufacturers in the market.
Due to COVID-19 outbreak, supply chains, manufacturing processes, and research and development activities in the automotive industry are adversely affected. For instance, the car industry in the US remained vulnerable during the outbreak pandemic. Vehicle sales fell over 20% year-on-year in August, hitting 1.33 thousand vehicles. Total sales from January to August 2020 were roughly 8.8 thousand units, a 23% decrease compared to last year. However, with the opening of several growth markets, vaccination developments, and initiatives taken by various governments to support economic and industrial growth in North America, the demand for the aramid fiber is anticipated to grow at a steady pace in the coming years.
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Market Overview and Dynamics
The aramid fiber market for automotive hoses in Middle East and Africa is expected to grow from US$ 2,103.14 thousand in 2021 to US$ 3,383.06 thousand by 2028; it is estimated to grow at a CAGR of 7.0% from 2021 to 2028. The automotive industry uses a different type of materials such as iron, aluminum, plastic, steel, and glass to build cars and other vehicles. Aramid fibers are extensively used as a substitute for fiber glass and steel due to their lightweight, high tensile strength, and superior corrosion resistance in automotive hoses manufacturing. Manufacturers in the automotive industry are constantly looking to stay competitive by bringing innovative products to market. Safety aspects, excellent performance, and the need for sustainability, pressure the automotive industry to develop high-quality products. Today, automotive hoses have to perform well despite increasingly difficult conditions. For example, under-hood hose systems must withstand increasingly harsh operating conditions. Manufacturers are continuously innovating their products. For instance, Dupont provides knitted or braided Kevlar fiber for automobile hoses, which is used to reinforce radiator, gearbox, and turbocharger hoses to make them stronger and lighter. This is because Kevlar is not only stronger than other materials commonly used in high-pressure hoses, but it also has outstanding thermal stability and chemical resistance. In addition, Teijinconex offers meta-aramid for the extremely high-temperature circumstances on the hot side of the turbocharger for conveying high-temperature gases or fluids or supporting a high-pressure transmission system. Thus, the rising demand from the automotive industry is driving the aramid fiber market for automotive hoses
Key Market Segments
Based on type, the para-aramid fiber segment accounted for the largest share of the Middle East and Africa aramid fiber market for automotive hoses in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the Middle East and Africa aramid fiber market for automotive hoses are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report include DuPont de Nemours, Inc.; Teijin Limited; Continental AG; YOKOHAMA RUBBER CO., LTD.; Beaver Manufacturing Company; Gates Corporation; and Huvis Corp.
Reasons to buy report
- To understand the Middle East and Africa aramid fiber market for automotive hoses landscape and identify market segments that are most likely to guarantee a strong return
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- Efficiently plan M&A and partnership deals in Middle East and Africa aramid fiber market for automotive hoses by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Middle East and Africa aramid fiber market for automotive hoses
- Obtain market revenue forecast for market by various segments from 2019-2028 in Middle East and Africa region.
Middle East and Africa Aramid Fiber Market for Automotive Hoses Segmentation
Middle East and Africa Aramid Fiber Market for Automotive Hoses – By Type- Para-Aramid Fiber
- Meta Aramid Fiber
Middle East and Africa Aramid Fiber Market for Automotive Hoses – By Country
- South Africa
- Saudi Arabia
- UAE
- Rest of Middle East and Africa
Middle East and Africa Aramid Fiber Market for Automotive Hoses – Company Profiles
- DuPont de Nemours, Inc.
- Teijin Limited
- Continental AG
- YOKOHAMA RUBBER CO., LTD.
- Beaver Manufacturing Company
- Gates Corporation
- Huvis Corp.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection
3.2.2 Primary Interviews
3.2.3 Hypothesis Formulation
3.2.4 Macro-economic Factor Analysis
3.2.5 Developing Base Number
3.2.6 Data Triangulation
3.2.7 Country Level Data
4. Middle East and Africa Aramid Fiber Market for Automotive Hoses Landscape
4.1 Market Overview
4.2 Value Chain Analysis
4.3 Porter’s Five Forces Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Buyers
4.3.3 Threat of Substitutes
4.3.4 Threat of New Entrants
4.3.5 Intensity of Competitive Rivalry
4.4 Expert Opinion
4.5 Qualitative Analysis on Vehicle Electrification
5. Aramid Fiber Market for Automotive Hoses – Key Market Dynamics
5.1 Market Drivers
5.1.1 Heightening Need from Automotive Industry
5.1.2 Phenomenal Characteristics of Aramid Fibers
5.2 Market Restraints
5.2.1 Availability Of Direct Substitute and High Manufacturing Cost
5.3 Market Opportunities
5.3.1 Increasing Employment of Aramid Hoses in Electric Vehicles Production
5.4 Future Trends
5.4.1 Rising Need for Lightweight Materials Offering Significant Emission Reduction
5.5 Impact Analysis of Drivers and Restraints
6. Middle East and Africa Market – Middle East and Africa Analysis
6.1 Middle East and Africa Market Overview
6.2 Aramid Fiber Market for Automotive Hoses –Revenue and Forecast To 2028 (US$ Thousand)
7. Middle East and Africa Aramid Fiber Market for Automotive Hoses Analysis – By Type
7.1 Overview
7.2 Aramid Fiber Market for Automotive Hoses, By Type (2020 and 2028)
7.3 Para-Aramid Fiber
7.3.1 Overview
7.3.2 Para-Aramid Fiber: Aramid Fiber Market for Automotive Hoses – Revenue and Forecast to 2028 (US$ Thousand)
7.4 Meta-Aramid Fiber
7.4.1 Overview
7.4.2 Meta-Aramid Fiber: Aramid Fiber for Automotive Hoses – Revenue and Forecast to 2028 (US$ Thousand)
8. Middle East and Africa Aramid Fiber Market for Automotive Hoses– Country Analysis
8.1 Middle East and Africa: Aramid Fiber Market for Automotive Hoses
8.1.1 Middle East and Africa: Aramid Fiber Market for Automotive Hoses, by Key Country
8.1.1.1 South Africa: Aramid Fiber Market for Automotive Hoses –Analysis and Forecast to 2028 (US$ Thousand)
8.1.1.1.1 South Africa: Aramid Fiber Market for Automotive Hoses, by Type
8.1.1.2 Saudi Arabia: Aramid Fiber Market for Automotive Hoses –Analysis and Forecast to 2028 (US$ Thousand)
8.1.1.2.1 Saudi Arabia: Aramid Fiber Market for Automotive Hoses, by Type
8.1.1.3 UAE: Aramid Fiber Market for Automotive Hoses –Analysis and Forecast to 2028 (US$ Thousand)
8.1.1.3.1 UAE: Aramid Fiber Market for Automotive Hoses, by Type
8.1.1.4 Rest of the Middle East and Africa: Aramid Fiber Market for Automotive Hoses –Analysis and Forecast to 2028 (US$ Thousand)
8.1.1.4.1 Rest of the Middle East and Africa: Aramid Fiber Market for Automotive Hoses, by Type
9. Impact of COVID-19 Pandemic on Middle East and Africa Aramid Fiber for Automotive Hoses Overview
9.1 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
10. Company Profiles
10.1 DuPont de Nemours, Inc.
10.1.1 Key Facts
10.1.2 Business Description
10.1.3 Products and Services
10.1.4 Financial Overview
10.1.5 SWOT Analysis
10.1.6 Key Developments
10.2 Teijin Limited
10.2.1 Key Facts
10.2.2 Business Description
10.2.3 Products and Services
10.2.4 Financial Overview
10.2.5 SWOT Analysis
10.2.6 Key Developments
10.3 Continental AG
10.3.1 Key Facts
10.3.2 Business Description
10.3.3 Products and Services
10.3.4 Financial Overview
10.3.5 SWOT Analysis
10.3.6 Key Developments
10.4 YOKOHAMA RUBBER CO., LTD
10.4.1 Key Facts
10.4.2 Business Description
10.4.3 Products and Services
10.4.4 Financial Overview
10.4.5 SWOT Analysis
10.4.6 Key Developments
10.5 Beaver Manufacturing Company
10.5.1 Key Facts
10.5.2 Business Description
10.5.3 Products and Services
10.5.4 Financial Overview
10.5.5 SWOT Analysis
10.5.6 Key Developments
10.6 Gates Corporation
10.6.1 Key Facts
10.6.2 Business Description
10.6.3 Products and Services
10.6.4 Financial Overview
10.6.5 SWOT Analysis
10.6.6 Key Developments
10.7 Huvis Corp.
10.7.1 Key Facts
10.7.2 Business Description
10.7.3 Products and Services
10.7.4 Financial Overview
10.7.5 SWOT Analysis
10.7.6 Key Developments
11. Appendix
11.1 About The Insight Partners
11.2 Glossary of Terms
LIST OF TABLES
Table 1. Middle East and Africa: Aramid Fiber Market for Automotive Hoses –Revenue and Forecast To 2028 (US$ Thousand)
Table 2. South Africa Aramid Fiber Market for Automotive Hoses, by Type – Revenue and Forecast to 2028 (US$ Thousand)
Table 3. Saudi Arabia Aramid Fiber Market for Automotive Hoses, by Type – Revenue and Forecast to 2028 (US$ Thousand)
Table 4. UAE Aramid Fiber Market for Automotive Hoses, by Type – Revenue and Forecast to 2028 (US$ Thousand)
Table 5. Rest of the Middle East and Africa Aramid Fiber Market for Automotive Hoses, by Type – Revenue and Forecast to 2028 (US$ Thousand)
Table 6. Glossary of Terms, Middle East and Africa Aramid Fiber Market for Automotive Hoses
LIST OF FIGURES
Figure 1. Middle East and Africa Aramid Fiber Market for Automotive Hoses Segmentation
Figure 2. Middle East and Africa Aramid Fiber Market for Automotive Hoses Segmentation – By Country
Figure 3. Middle East and Africa Aramid Fiber Market for Automotive Hoses Overview
Figure 4. Para-Aramid Fiber Segment Held Largest Share of Middle East and Africa Aramid Fiber Market for Automotive Hoses
Figure 5. South Africa Held Largest Share of Middle East and Africa Aramid Fiber Market for Automotive Hoses
Figure 6. Middle East and Africa Aramid Fiber Market for Automotive Hoses, Key Market Players
Figure 7. Aramid Fiber Market for Automotive Hoses, Value Chain Analysis
Figure 8. Porter’s Five Forces Analysis
Figure 9. Expert Opinion
Figure 10. Middle East and Africa Aramid Fiber Market for Automotive Hoses Impact Analysis of Drivers and Restraints
Figure 11. Middle East and Africa: Aramid Fiber Market for Automotive Hoses – Revenue and Forecast To 2028 (US$ Thousand)
Figure 12. Aramid Fiber Market for Automotive Hoses Revenue Share, By Type (2020 and 2028)
Figure 13. Para-Aramid Fiber: Aramid Fiber for Automotive Hoses – Revenue and Forecast To 2028 (US$ Thousand)
Figure 14. Meta-Aramid Fiber: Aramid Fiber Market for Automotive Hoses – Revenue and Forecast To 2028 (US$ Thousand)
Figure 15. North America: Aramid Fiber Market for Automotive Hoses Market, by Key Country – Revenue (2020) (USD Thousand)
Figure 16. Middle East and Africa: Aramid Fiber Market for Automotive Hoses Revenue Share, by Key Country (2020 and 2028)
Figure 17. South Africa: Aramid Fiber Market for Automotive Hoses –Revenue and Forecast to 2028 (US$ Thousand)
Figure 18. Saudi Arabia: Aramid Fiber Market for Automotive Hoses –Revenue and Forecast to 2028 (US$ Thousand)
Figure 19. UAE: Aramid Fiber Market for Automotive Hoses –Revenue and Forecast to 2028 (US$ Thousand)
Figure 20. Rest of the Middle East and Africa: Aramid Fiber Market for Automotive Hoses –Revenue and Forecast to 2028 (US$ Thousand)
Figure 21. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets
- DuPont de Nemours, Inc.
- Teijin Limited
- Continental AG
- YOKOHAMA RUBBER CO., LTD.
- Beaver Manufacturing Company
- Gates Corporation
- Huvis Corp.
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