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Oil Hose Market to Escalate Gradually; Increasing Demand for Oil and Petroleum to Consolidate Market, states Fortune Business Insights™

The increasing demand for oil and petroleum is expected to foster healthy growth of the oil hose market, states Fortune Business Insights, in a report, titled “Oil Hose Market Size, Share & Industry Analysis, By Type (Plastic Hose, Rubber Hose, Steel Hose, Others), By Application (Chemical, Pharmaceutical, Automobile, Petroleum, Others) and Regional Forecast 2021-2028.”

The entire world is fighting with the COVID-19 pandemic, which has severely disrupted trades across the globe. The authorities of several countries have initiated lockdown to prevent the spread of this deadly virus. Such plans have caused disturbances in the production and supply chain. But, with time and resolution, we will be able to combat this stern time and get back to normality. Our well-revised reports will help companies to receive in-depth information about the present scenario of every market so that you can adopt the necessary strategies accordingly.

The oil hose market accentuates a profound study of the industry while shedding light on vital facts and figures. It also offers insightful data about dominant regions, policies adopted by governments and companies. Besides, providing a brief overview of the market with future insights. The report also encompasses critical factors exhibiting growth. Also, COVID-19 impact is also covered in the report

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Fortune Business Insights™ lists out a few of the renowned companies present in the oil hose market. They are as follows: 

  • Saint-Gobain Performance Plastics
  • Parker Hannifin
  • Codan Rubber
  • Jinyuan Rubber
  • ContiTech Group
  • Trelleborg Industrial Hose


Our Sample Report Includes:

  • 2021 Updated Report Introduction, Overview, and In-depth industry analysis
  • COVID-19 Pandemic Outbreak Impact Analysis Included
  • Provide Chapter-wise guidance on Request
  • 2020 Updated Regional Analysis with Graphical Representation of Size, Share & Trends
  • Includes Updated List of table & figures
  • Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis
  • Facts and Factors research methodology

(Note: The sample of this report is updated with COVID-19 impact analysis before delivery)


What Does the Report Offer?

  • Deep research into the upcoming market opportunities;
  • Granular evaluation of the market drivers, trends, and restraints;
  • Microscopic analysis of all individual market segments; and
  • Thorough examination of the regional developments and competitive dynamics of the market.


Market Driver:

Agreement between Trelleborg Industrial Hoses and Wellcall Holdings to Enable Growth

The increasing collaborations and agreements between key companies can have an excellent effect on the global market. For instance, in January 2019, Trelleborg industrial hoses entered a joint venture with Wellcall Holdings, a Malaysian manufacturer of hoses, to manufacture and sell hoses in the local market and further strengthen its position. The surging demand for oil and petroleum around the world is expected to drive the need for oil hoses. Moreover, the hoses made from different materials depending upon the applications prove to be one of the convenient ways of transportation, which is likely to boost the market. Oil hoses are flexible, and hollow tubes are intended to carry fluids or oils from one point to another. The hoses are cylindrical in shape. PVC, natural rubber, nylon, polyurethane, polyethylene, and metals like steel are used to make hoses. In the oil industry, the hoses used are high-pressure hoses and are employed to move the fluids under high pressure. They are also used to load crude oils and petroleum products from offshore industrial sites to the vessels in storage facilities and vice versa. However, technological advancements in transportation techniques and inclination towards other alternatives can subsequently hamper the market’s growth.


Market Segments:

By Type

  • Plastic Hose
  • Rubber Hose
  • Steel Hose
  • Others

By Application

  • Chemical
  • Pharmaceutical
  • Automobile
  • Petroleum
  • Others

By Geography

  • North America (U.S., and Canada)
  • Europe (UK, Germany, France, Italy, and Rest of Europe)
  • Asia Pacific (Japan, China, India, South Korea, and Rest of Asia Pacific)
  • Latin America (Mexico, Brazil, Argentina, and Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, UAE, South Africa, and Rest of Middle East & Africa)

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Fortune Business Insights™ helps you identify track and stay ahead of your competition through our competitor research studies, our services include:

  • SWOT Analysis
  • Competitor Monitoring
  • Observational Research
  • Competitor Intelligence
  • Competitors Profiling


Key Questions Answered:

  • What are the key demands and trends shaping the market?
  • What are the key opportunities in the market?
  • What are the key companies operating in the market?
  • Which company accounted for the highest market share?
  • What is the market size and growth rate of the global and regional market by various segments?
  • What is the market size and growth rate of the market for selective countries?
  • Which region or sub-segment is expected to drive the market in the forecast period?
  • What Factors are estimated to drive and restrain the market growth?
  • Why Choose Fortune Business Insights?


Regional Analysis:

Heavy Demand for Oil to Augment Growth in Asia Pacific

Geographically, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Latin America is the largest oil hose market attributed to the largest oil reserves in countries like Venezuela and Brazil. The Middle East and Africa is expected to hold the second-largest share in the global market for oil hose due to the petroleum and oil reserves in countries like Saudi Arabia, Iran, Iraq, Kuwait, and UAE. Asia Pacific is expected to hold the highest share during the forecast period due to the high demand for oil from Asian countries. China ranks second in total oil consumption. North America is expected to exhibit significant growth owing to the growing oil and gas industry.  Europe is expected to experience considerable growth due to the increasing exploration activities in the region.


Key Development

June 2018: Saint Gobain introduced Versilon, a fluoropolymer hose reinforced with steel designed to meet fluid application demand.

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