Industrial Hose Market to grow by USD 2650.8 million between 2024-2028
According to a research report “ Industrial Hose Market” by Application (Oil and gas, Chemicals, Food and beverages, Automotive, Others) Material (Polyurethane, Polyvinyl chloride, Silicone, Rubber, Others) Geography (APAC, North America, Europe, Middle East and Africa, South America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 2650.8 million at a CAGR of 4.36% during the forecast period. In the industrial hose market, Polyvinyl Chloride (PVC), a widely utilized plastic, holds significant importance. Derived from industrial-grade salt and ethylene, PVC comprises 57% chlorine and 43% carbon. Its amorphous structure, featuring polar chlorine atoms, grants it exceptional fire retardance and chemical resistance. These properties make PVC a preferred choice in industries such as automotive, construction, packaging, and electrical and electronics. Applications include pipes and fittings, rigid plates, flooring, and automotive parts, among others..
Browse market data tables, figures, and in-depth TOC on “Industrial Hose Market” by Application (Oil and gas, Chemicals, Food and beverages, Automotive, Others) Material (Polyurethane, Polyvinyl chloride, Silicone, Rubber, Others) Geography (APAC, North America, Europe, Middle East and Africa, South America) Global Forecast to 2028.
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By Application, the Oil and gas segment is projected to dominate the market size in 2024.
In the industrial sector, polyurethane hoses (PU hoses) have gained significant traction due to their unique properties. These hoses, made from thermosetting organic polymers, offer a fusion of plastic and rubber characteristics. Notably, they exhibit a low compression set, high tensile and elongation values, and robust resistance to abrasion and tear. Consequently, PU hoses are extensively utilized in various applications, including air lines, pneumatic control systems, cable jacketing, powder and granular material transfer, fluid lines, sleeving, low-pressure hydraulics, and robotics. Furthermore, their exceptional resistance to gasoline, oils, kerosene, and other petroleum-based substances makes them an ideal choice for fuel lines. Thus, the demand for polyurethane hoses continues to surge in the industrial hose market.
By Material, Polyurethane segment is expected to hold the largest market size for the year 2024.
The industrial hose market in the oil and gas sector experiences significant growth due to increasing extraction activities in the Middle East and the US. These projects necessitate advanced well completion methods, such as hydraulic fracturing and acidizing, which rely on robust hoses made from materials like nitrile rubber and SBR. Nitrile rubber hoses provide superior resistance to oil, solvents, and abrasion, while SBR hoses exhibit excellent water resistance, heat resistance, and low-temperature flexibility. The forecast period is expected to witness increased demand for these hoses in the oil and gas industry.
APAC is forecasted to hold the largest market size by region in 2024.
The industrial hose market witnesses significant growth due to the increasing demand for flexible and durable piping solutions in various industries. Key sectors driving this trend include oil and gas, chemicals, and manufacturing. Advanced materials and technologies, such as thermoplastic hoses and reinforced rubber compounds, enhance product performance and longevity. Market players focus on innovation and customization to cater to diverse industry needs and ensure regulatory compliance.
The Industrial Hose Market t growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
The Industrial Hose Market encompasses a wide range of customized hose solutions designed for various applications in diverse industries. These applications include vehicle production, mechanized farming, and pipeline transport of fluids in sectors such as energy conservation and chemicals. The market is driven by the adoption of advanced technology in hose manufacturing, enabling the production of high-performance hoses for hydraulic machines and EVs. Regulations and standards set by organizations like OICA ensure the safety and reliability of industrial hoses. Key players in the market, such as Parker-Hannifin and Gates, invest heavily in infrastructure to meet the growing demand for chemical hoses and PVC material hoses. The agricultural sector also benefits from the use of industrial hoses in mechanized farming, enhancing productivity and efficiency. Overall, the Industrial Hose Market continues to evolve, offering innovative solutions for diverse industries and applications.
Market Research Overview
The Industrial Hose Market encompasses a wide range of applications, including workplace safety and the transfer of various substances such as gases, oil, and water in diverse industries. High-performance hoses, made from materials like steel wires, high-strength fibers, and customized industrial hoses, are essential for efficient and fast transfer in transmission systems, power steering systems, brake systems, air conditioning systems, fuel systems, coolant systems, and HVAC vacuum hoses. Regulatory requirements, such as those set by NSF and OICA, ensure the adoption of hoses that meet hygienic solutions and are resistant to different operating conditions. Technological advancements have led to the development of cost-effective and flexible tubes with varying diameters and pressure ratings for various end-use industries, including automotive, agriculture, and energy conservation. Key players in the market include Colex International, NORRES, Kurt, Continental, Transfer Oil, Ryco Hydraulics, Gates, and Chemical hose manufacturers. The market is driven by the increasing demand for new mobility services, such as autonomous driving and electric vehicles, and the investment in infrastructure for vertical applications in urban and rural contexts. Material types include PVC, silicone, metal, and rubber, catering to the diverse needs of various industries.
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