Global Composite Hose Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Composite Hose Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

CompositComposite hoses are made from multiple layers of spirally wrapped thermoplastic fabrics and films held together by a metal inner and outer wire helix. Composite hoses are very flexible, kink-proof hose that is primarily used for the transfer of chemicals, solvents, acids, etc. Composite hoses form an integral part of transfer operations and are suitable for industrial use.

Market Overview:

The latest research study on the global Composite Hose market finds that the global Composite Hose market reached a value of USD 197.49 million in 2022. It’s expected that the market will achieve USD 310.78 million by 2028, exhibiting a CAGR of 7.85% during the forecast period.

With the economic development of emerging economies, the process of industrialization and urbanization is accelerating, and the demand for energy is increasing. However, many emerging economies in Asia, such as China and India, have insufficient oil and natural gas production capacity and are highly dependent on foreign countries. The expansion of the gap between supply and demand and the geographical mismatch between regions are expected to accelerate the development of oil and gas transportation and processing business in the future, thereby driving the development of the composite hose industry.

1 Drivers

1.1 The advantages of composite hoses promote the iteration of conveying products.
1.2 Growth in downstream chemical and oil & gas industries will drive composite hose market growth.

2 Restraints and Challenges

2.1 Composite hoses have strict quality and industry standard requirements.
2.2 Industry competition is becoming increasingly fierce.

Region Overview:

China had the highest growth rate of all regions.

In 2021, the share of the Composite Hose market in Europe stood at 27.35%.

Company Overview:

DANTEC
Established in 1969, Dantec is the most innovative manufacturer of composite hose in the world; exporting products from its UK factory to over 60 countries.

Polyhose

POLYHOSE is a diversified industrial conglomerate headquartered in the port city of Chennai India. The Fluid Conveyance, Division with modern manufacturing and, state-of-the-art manufacturing facilities, managed by experienced technocrats and supported by technically qualified skilled manpower is focused on design, development, manufacturing and distribution of high-quality and reliable energy conveyance products.

Composite Hose companies are mainly from Europe and United States; the industry concentrate rate is relatively high. The market share of the top three companies in 2022 was 29.39%. The top three companies are DANTEC, Polyhose and Sondaflex, with the revenue market share of 11.14%, 10.18% and 8.06% in 2022.

Segmentation Overview:

Composite hoses can be classified by lining material, and the choice of lining material depends on specific application requirements, such as the type of liquid conveyed, temperature range and chemical exposure.

Application Overview:

Chemical
Composite hoses are commonly used in the chemical industry for the safe handling of a wide range of chemicals, acids, and solvents.
Oil and Oil Derivatives
Composite hoses are used in the oil and gas industry for the transfer of petroleum products, crude oil, and other oil derivatives. They are designed to withstand high pressure and temperature, and to resist abrasion and corrosion.
Others
Composite hoses are used in the other industry for the safe handling of fluids.

Key Companies in the global Composite Hose market covered in Chapter 3:

Parker
Gasso
United Flexible
Tubes International Sp. z o.o.
Sondaflex
Matec
PeraFlex Hose
Alfagomma
Novaflex
DANTEC
Polyhose
Flextral
Gutteling

In Chapter 4 and Chapter 14.2, on the basis of types, the Composite Hose market from 2018 to 2029 is primarily split into:

Polypropylene Lining
ECTFE Lining
PTFE Lining
Polyamide Lining
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Composite Hose market from 2018 to 2029 covers:

Chemical
Oil and Oil Derivatives
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)