Sales of industrial hoses in China are set to be valued at US$ 986.5 Mn in 2021, with a steady long-term projection, according to latest data by Future Market Insights. The report estimates the market to expand at over 7% CAGR from 2021 to 2031.
Steady demand from the automotive industry and energy applications drives sales. The need for transporting media from one destination to another seamlessly and conveniently is a supporting factor driving the market from 2016-2020.
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The sales of industrial hoses in China are also understood to have risen with demand from its domestic market commanding over 55% of the nation’s total sales and consumption. The export curbs are also likely to be eased in the upcoming years.
In 2021, the China Industrial hoses market is estimated to record 5.7% year on year growth, bucking initial scepticism about how the market would perform during a global pandemic. In China, the total demand of industrial hoses is expected to reach 548 Mn Meters by 2031.
According to the analysis by Future Market Insights (FMI), the China industrial hoses market will surpass a valuation of US$ 1.9 Bn in 2031, rising at a CAGR of 7.3%. Ultra-high pressure industrial hoses will reflect a positive growth outlook with a CAGR of 7.5% through the assessment period.
The demand for industrial hoses witnessed a slight dip in 2020 due curbs on production and subsequent supply chain activities owing to the COVID 19 pandemic. China witnessed a rebound in the GDP growth rate of 3.2% by Q2 end, with an industrial sector growth rate of over 8% as compared to 2019.
Major Key Player:
- Parker Hannifin Corporation
- Eaton Corporation
- Balflex LLC
- Tubes International Sp Z.O.O
- Spirax – Sarco Engineering Plc
- Comflex Industries Co., Ltd.
- Cjan Fluid Technology Co., Ltd.
- Taizhou Changli Resin Tube Co., Ltd.
- Zhuai Patel Technology Co., Ltd.
- Qingdao Everflex Rubber & Plastic Co., Ltd
- Zheijang Helen Garden Co., Ltd
- Chinaust Plastic Products Co., Ltd
- Qingdao Eastop Plastic Products Co., Ltd.
- Suko Plastic
- Changchun FAW Sihuan procurement and Supply Co., Ltd
- Rehau Group AG
- Trelleborg AB
- CEJN AB
- LUCOHOSE CO., LTD
- Polyhose India Private Limited
- Gates Corporation
- Kuriyama Holdings Corporation
- Continental AG
The oil and gas industry is considered as one of the prominent users of industrial hoses. Crude oil and gas being corrosive in nature may erode linings and will call for regular installment of hoses, thus driving the sales of replacement units. Superior grade materials such as composites, polymers, and steel is expected to augur the sales of industrial hoses to a high degree.
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Advent of cryogenics in HVAC, industrial air separation plants, and medicine has necessitated the use of industrial hoses under extreme pressure and temperature. Steel and braided hose types have been preferred for the same. The demand is likely to be propelled by the medical and life sciences sectors incorporating cold storage systems and cryogenics.
By Segment:
By Material:
- Plastics & Polymers
- PTFE
- PUR
- PVC
- Nylon
- Silicone
- Hybrid
- Steel
- Braiding Yarn
- Composites
By Product Type:
- Tank Water Hoses
- Gardening Hoses
- Fuel Hoses
- Diving Hoses
- Brake Hoses
- Bicycle Hydraulic Brake Hoses
- Lubricant Hoses
- Hydraulic Hoses
- Mini Hydraulic Hoses
- Pneumatic Hoses
- Cryogenic Transfer Hoses
- Gas Connection Hoses
By Pressure Intake:
- Low Pressure
- Medium Pressure
- High Pressure
- Ultra High Pressure
By Application:
- Commercial Plumbing
- Residential Plumbing
- Gardening
- Manufacturing
- Food & Beverages
- Chemicals
- Pharmaceuticals
- Others
- Cryogenics & Air Separation Plants
- Energy
- Marine Engines & Equipment
- Diving Device
- Vehicles
- Heavy Duty Trucks
- Off Road Construction & Earth Moving Equipment
- Industrial Forklifts
- Agricultural Vehicles
- Mining Vehicles
- Fuel Tankers
- Water Tankers
