Chemicals Industry Today
Composite Hoses Market to reach US$ 354.0 million during the coming years (2019-2024)
Addressing the most sought-after questions that occupy the minds of entrepreneurs and decision makers, the new report of "Stratview Research" on the Composite Hoses Market, answers all the important questions.
Published 24 July 2019
Getting to the bare bones of the issues and factors which are sculpturing the market, Stratview Research brings out the best actionable market intelligence for the global Composite Hoses Market.
The analysts have scrupulously studied the trend and cautiously forecasted the future market developments for 2019-2024.
The important questions the report answers are:
These questions and many more, big and small, are all discussed in the report in great detail.
The Composite Hoses Market: Highlights
Composite hoses are preferred for the conveyance of fluids, such as aggressive chemicals, oil, cryogenic gases, inks & paints, and petroleum products, from one point to another. Composite hoses are made with spirally wrapped inner layer reinforced with multiple layers of thermoplastic fabrics and films, held together by an inner and outer metal wire. These hoses are used in a wide array of plants/industries including oil and petroleum refineries, steel plants, chemical plants, pharmaceutical plants, storage tank terminals, ink and paint industries, and paper mills. Apart from these applications, these hoses are also found usage in marine vessels and road tank haulages.
The strategic Market dissection
The dissection of the market is done to enlighten the aspects which are of interest to firms across the value chain.
Dissection by Segments
Get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/504/composite-hoses-market.html
The Growth Prognosis & its Drivers
Composite hoses represent niche but extremely high-growth opportunities in years to come. The market for composite hoses is forecasted to grow at an impressive rate over the next five years to reach an estimated value of US$ 354.0 million in 2024. Organic growth in oil & gas production and chemical industry and increasing preference of composite hoses over their counterparts are the major factors spurring the growth of the market.
Market Segments
Based on the media type, the composite hoses market is segmented into oil & liquid fuel, gas, and chemical. Oil & liquid fuel media is likely to remain the growth engine of the market during the forecast period. Increasing rapid industrialization and urbanization, especially in the developing economies, such as China and India, is creating a greater demand for oil & gas.
Based on the inner liner type, the composite hoses market is segmented into polypropylene, fluoropolymers, polyamide, and others. Polypropylene liner is expected to remain the dominant as well as the fastest-growing segment of the market during the forecast period.
Based on the application type, the composite hoses market is segmented into tank truck and railcar transfer, in-plant transfer, marine transfer, and others. Tank truck & railcar transfer is expected to remain the dominant segment of the market during the forecast period, whereas in-plant transfer is expected to be the fastest-growing segment during the same period.
In terms of region, Asia-Pacific is projected to remain the largest market for composite hoses during the forecast period. Increasing chemical production and rising fuel demand are fuelling the growth of composite hoses in the region. China is the growth engine of the region’s market and is one of the largest producers of chemicals and petrochemicals in the world.
North America is projected to remain the second-largest market for composite hoses during the forecast period. Increasing fuel demand by the emerging economies and increasing shale gas production are triggering the demand for composite hoses in the region. The USA is the growth engine of the region’s market and is one of the largest producers of oil & gas in the world.
Players
The supply chain of this market comprises raw material suppliers, composite hose manufacturers, and end-users. The key players in the composite hoses market are Alfagomma S.p.A., Dantec Ltd., United Flexible Inc., Novaflex Group, Trelleborg AB, Polyhose, Gasso Equipments, Gutteling B.V., and Flextral. The development of lightweight and flexible composite hoses, expansion in untapped markets, and execution of mergers & acquisitions are the key strategies adopted by the major players to gain a competitive edge in the market.
Click Here for Other Reports from Stratview Research in the Advanced materials Industry:
https://www.stratviewresearch.com/market-reports/Advanced-Materials.html
The analysts have scrupulously studied the trend and cautiously forecasted the future market developments for 2019-2024.
The important questions the report answers are:
- What will be the market growth rate in the near future?
- What are the major developments in the market wrt regulations, acquisitions and innovations?
- What are the growth drivers as well as the constraints?
- What are the regional growth hotspots?
- What are the segmental growth forecasts?
These questions and many more, big and small, are all discussed in the report in great detail.
The Composite Hoses Market: Highlights
Composite hoses are preferred for the conveyance of fluids, such as aggressive chemicals, oil, cryogenic gases, inks & paints, and petroleum products, from one point to another. Composite hoses are made with spirally wrapped inner layer reinforced with multiple layers of thermoplastic fabrics and films, held together by an inner and outer metal wire. These hoses are used in a wide array of plants/industries including oil and petroleum refineries, steel plants, chemical plants, pharmaceutical plants, storage tank terminals, ink and paint industries, and paper mills. Apart from these applications, these hoses are also found usage in marine vessels and road tank haulages.
The strategic Market dissection
The dissection of the market is done to enlighten the aspects which are of interest to firms across the value chain.
Dissection by Segments
- by Media Type : Oil & Liquid Fuel, Gas and Chemical
- by Inner Liner Type : In-Plant Transfer, Tank Trucks and Railcar Transfer and Others
- by Pressure Type : <200 PSI, 200-250 PSI and >250 PSI
- by Region : North America, Europe, Asia-Pacific, and RoW
Get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/504/composite-hoses-market.html
The Growth Prognosis & its Drivers
Composite hoses represent niche but extremely high-growth opportunities in years to come. The market for composite hoses is forecasted to grow at an impressive rate over the next five years to reach an estimated value of US$ 354.0 million in 2024. Organic growth in oil & gas production and chemical industry and increasing preference of composite hoses over their counterparts are the major factors spurring the growth of the market.
Market Segments
Based on the media type, the composite hoses market is segmented into oil & liquid fuel, gas, and chemical. Oil & liquid fuel media is likely to remain the growth engine of the market during the forecast period. Increasing rapid industrialization and urbanization, especially in the developing economies, such as China and India, is creating a greater demand for oil & gas.
Based on the inner liner type, the composite hoses market is segmented into polypropylene, fluoropolymers, polyamide, and others. Polypropylene liner is expected to remain the dominant as well as the fastest-growing segment of the market during the forecast period.
Based on the application type, the composite hoses market is segmented into tank truck and railcar transfer, in-plant transfer, marine transfer, and others. Tank truck & railcar transfer is expected to remain the dominant segment of the market during the forecast period, whereas in-plant transfer is expected to be the fastest-growing segment during the same period.
In terms of region, Asia-Pacific is projected to remain the largest market for composite hoses during the forecast period. Increasing chemical production and rising fuel demand are fuelling the growth of composite hoses in the region. China is the growth engine of the region’s market and is one of the largest producers of chemicals and petrochemicals in the world.
North America is projected to remain the second-largest market for composite hoses during the forecast period. Increasing fuel demand by the emerging economies and increasing shale gas production are triggering the demand for composite hoses in the region. The USA is the growth engine of the region’s market and is one of the largest producers of oil & gas in the world.
Players
The supply chain of this market comprises raw material suppliers, composite hose manufacturers, and end-users. The key players in the composite hoses market are Alfagomma S.p.A., Dantec Ltd., United Flexible Inc., Novaflex Group, Trelleborg AB, Polyhose, Gasso Equipments, Gutteling B.V., and Flextral. The development of lightweight and flexible composite hoses, expansion in untapped markets, and execution of mergers & acquisitions are the key strategies adopted by the major players to gain a competitive edge in the market.
Click Here for Other Reports from Stratview Research in the Advanced materials Industry:
https://www.stratviewresearch.com/market-reports/Advanced-Materials.html
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