Industrial Hose is a small pipeline or pipe, designed to supply water, fluids, and substances to various parts of the unit in the industry. Its shape is usually cylindrical and its design is based on the combination of media and performance. It is generally made of nitrile rubber, polyurethane, natural rubber, and others. It is used for pressurized flow of material in order to acquire required force needed to do the work. It is flexible in construction and can be useful in less space. It is widely used in the chemical industry due to their capability of handling range of solids such as powder, and others. Industrial hose is characterized by temperature-resistance, extreme durability, flexibility and long-lasting performance. The key benefits include it does not let the fluid to freeze, a significant amount of energy can be saved, the condensation of fluids can be controlled, and it protects the core pipe from extreme operating temperatures.
According to study, “Global Industrial Hose Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024” the key companies operating in the global industrial hose market are Sumitomo Riko, Yokohama Rubber, Continental AG, Manuli, Eaton Corporation PLC, Piranha Hose Products, Inc., Gates Industrial Corporation PLC, NORRES Schlauchtechnik MBH, Parker Hannifin Corporation, Pacific Echo, Inc., RYCO Hydraulics, Semperit (Semperflex), Transfer Oil S.p.A., Kanaflex Corporation Co., Ltd., Kurt Manufacturing, Titeflex Corporation, Colex International Ltd., Flexaust Inc., Merlett Tecnoplastic SPA, Kuriyama of America, Inc., Salem-Republic Rubber Company, Polyhose, Trelleborg Corporation.
Based on type, industrial hose market is segmented into wras hose, layflat hose and oil resistant hose. Based on material type, market is segmented into Polyvinyl chloride (PVC), natural rubber, silicone, nitrile rubber, polyurethane and others. The polyurethane segment is predicted to witness substantial growth rate as it is a plastic material that can be used in various media such as composite wood panels, building insulation, refrigerator & freezer insulation, and others. Additionally, polyurethane hoses have excellent resistance to oil, gasoline, kerosene, and other petroleum-based materials, which makes them suitable for oil & gas industry, chemical industry, mining industry, and others. Based on form of material, market is segmented into flexible and rigid. Based on media, market is segmented into hot water & stream media, oil media, chemical media, air & gas media, water media, food & beverages media and others. Chemical media holds leading share in market owing to the high chemical & abrasion resistivity. In addition, based on end-use industry, market is segmented into automotive industry, agriculture industry, oil & gas industry, water & wastewater, pharmaceuticals industry, mining industry, infrastructure industry and others. Automotive industry segment is likely to exhibit higher CAGR due to growth in usage of hoses in automobile engines to carry fluids and rise in need for optimal engine performance & enhanced fuel efficiency during the forecast period.
The industrial hose market is driven by growth in infrastructure-related developments, followed by rise in demand for robust industrial hoses in critical applications and increase in demand for PVC material. However, lack of product differentiation and dearth of technical know-how of industrial hoses may impact the market. Moreover, increase in modernization of agricultural processes and growth in demand for automobiles worldwide are key opportunities for market.
Based on geography, the Asian-Pacific region dominates the industrial hose market owing to rise in urbanization, high population density, rise in demand for automobiles and growth in per capita income in the region. The North-American region is anticipated to witness higher growth rate due to increase in modernization of agricultural processes over the forecast period. In near future, it is expected that the market will be reached at rapid pace on account of growth in advancements in the domain of industrial testing & safety during the forecast period.
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Ankur Gupta, Head Marketing & Communications