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Industrial Hose Market Worth 14.81 Billion USD by 2023


News provided by

MarketsandMarkets

03 Oct, 2017, 14:30 GMT

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PUNE, India, October 3, 2017 /PRNewswire/ --

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The report "Industrial Hose Market by Material (PVC, Polyurethane, Rubber, Silicone, Others), Media Type, Industry (Oil & Gas, Automobile, Water, Pharmaceuticals, Food & Beverages, Chemicals, Infrastructure, Agriculture, Mining), and Region - Global Forecast to 2023", published by MarketsandMarkets™, the market is estimated to grow from USD 10.67 Billion in 2017 to USD 14.81 Billion by 2023, at a CAGR of 5.6% between 2017 and 2023. Growing infrastructure-related developments and increasing demand for robust industrial hoses in critical applications are some of the driving factors for the growth of the market.

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Browse 65 Market Data Tables and 57 Figures spread through 128 Pages and in-depth TOC on "Industrial Hose Market - Global Forecast to 2023"

http://www.marketsandmarkets.com/Market-Reports/industrial-hose-market-8695843.html

Early buyers will receive 10% customization on this report

Water media type expected to hold major share of industrial hose market during forecast period 

Hoses are used for the suction and discharge of water in various applications, such as irrigation; gardening and fire equipment; refrigeration equipment, and food processing equipment. Moreover, chemicals, agriculture, mining, food and beverages, infrastructure, and other industries use hoses to transfer water from one location to another, driving the industrial hose market.

Market for polyurethane material expected to grow at high CAGR between 2017 and 2023 

Polyurethane is a polymer that possesses good abrasion and tear resistance, high tensile strength, and low compression set, along with good flexibility. It also exhibits good chemical resistance with excellent stability in rough atmospheric conditions. It has exceptional resistance to gasoline, oil, kerosene, and other petroleum-based products, making it suitable for use in industries such as oil and gas, chemicals, mining, food and beverages, and agriculture. A large number of players offer industrial hoses manufactured from polyurethane.

Download PDF Brochure : http://www.marketsandmarkets.com/pdfdownload.asp?id=8695843

APAC expected to hold major share of industrial hose market between 2017 and 2023 

APAC is expected to hold the largest share of the industrial hose market during the forecast period. It is expected that automobile, infrastructure, and agriculture industries will lead the growth of the market during the forecast period. Most of the demand for hoses comes from China, Japan, and India. Increasing infrastructure-related developments in China and India, and the modernization of agricultural processes further drive the industrial hose market in the region.

Inquiry Before Buy @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=8695843

Eaton (Ireland), PARKER (US), Gates (US), RYCO Hydraulics (Australia), Transfer Oil (Italy), Colex International Limited (UK), Kurt Manufacturing (US), NORRES Schlauchtechnik (Germany), PIRANHA HOSE PRODUCTS (US), Polyhose (India), Semperflex (Austria), United Flexible (US), UNAFLEX Industrial Products (US), Hose Master (US), Salem-Republic Rubber (US), Trelleborg (France), Terraflex (Israel), Kanaflex (US), Merlett Tecnoplastic (Italy), Pacific Echo (US), Suttner America (US), and Sun-Flow (US) are some of the major players in the industrial hose market.

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About MarketsandMarkets™  

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets' flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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