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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