Generally used in the chemical industry, industrial hoses are designed to withstand the extreme temperatures and pressures required for transferring various fluids. They are made from a variety of materials including PVC, PUR, rubber, nylon, polyethylene, and polyvinyl chloride. They are used in many industrial settings such as the food and beverage industry, power generation, and petrochemical. They are also used in the automotive industry, as they help in the transfer of various liquids and gases.
High temperature hoses are available in a wide range of sizes and configurations to meet a variety of requirements. These hoses can be used with many chemicals and are resistant to weathering or compression. They have a clear extrusion for fluid flow monitoring and heavy-duty wire-reinforced tubing. They also feature phthalate-free antimicrobial tubing. They are available in a wide range of pressures, from 50 psi to 250 psi. They are also available as UV-resistant tubing or crush-resistant hoses.
In the next few years, the market for industrial hoses will experience significant growth. The growing population is driving industrialization in many areas, which is increasing the demand for these hoses. In the future, the oil and gas industry will continue to grow, which is expected to further increase the demand for industrial hoses. These hoses are also used by the pharmaceutical industry as they offer the most secure method of transferring acidic and caustic chemicals.
Other factors influencing the growth of the industrial hose market include the rising investment in the R&D for the automotive and chemical industries, and the increase in construction activities. In addition, the rising per capita income in Asia Pacific is also projected to fuel the growth of the market for industrial hoses in the future. The market for industrial hoses is segmented by material, application, end user, and type. These segments are further categorized into silicone, polyvinyl chloride, polyurethane, and others. The silicone hose market is projected to witness a CAGR of 4.1% during the forecast period. This segment is expected to hold the largest market share in the future.
The market for polyurethane-hoses is expected to grow at a 5.8% CAGR over the forecast period. These hoses are designed to provide excellent performance in the chemical and petroleum industries. These hoses are made from specially formulated rubber compounds, which are resistant to acid and alkaline attacks. They are also very resistant to lubricating oils. They are excellent for the transportation of oil-based goods and are particularly suitable for mining applications.
North American industrial hoses are expected to reach a market of USD 2.46 billion in 2020. It is expected to reach USD 4.55 billion in 2023. This region is expected to experience the fastest growth rate over the forecast period. The market for industrial hoses will also be driven by the rising demand for automobiles in developing countries in the coming years.
The global industrial hose market report includes a competitive analysis, supply and demand analysis, distribution and marketing channels, and raw material analysis. The report also includes an analysis of Porter's Five Forces model, which is used for analyzing the industrial hose market's competitive landscape.