Global Composite Hose Market Size, Share, Trends, Industry Growth by Pressure Type (<200 PSI, 200-250 PSI, >250 PSI), by Material (Polypropylene, PVC, Polyurethane, Nylon, Others), by Application, by Region, and Forecast to 2030

Report ID: RC16116 | Report Format: PDF + Excel | Starting Price: 2520/- USD | Last Updated: March 5th, 2024

Key Findings:

  • The market size was valued at US$ 271.2 Mn in 2023 and registering a significant CAGR of over 5.2% by 2030
  • By Application, the oil and gas segment held the largest revenue share in the benchmark year 2023
  • Geographically, the Asia Pacific is estimated to hold the largest revenue share of the global market by the end of the analysis period by 2030

The global composite hose market size  was valued at USD 271.2 Million in 2023 and anticipated to grow at a significant CAGR of 5.2% during the forecast period from 2024 to 2030. Composite hoses have become popular in various industries due to their superior properties such as flexibility, durability, and chemical resistance. The increasing demand for composite hoses is mainly driven by the growing need for safe, efficient, and reliable transfer of various types of fluids in different industries such as oil and gas, chemical, and food and beverage. Additionally, the increasing emphasis on worker safety and the need for environmental compliance have also led to the increased adoption of composite hoses over traditional hoses made of materials such as rubber and metal. Other factors contributing to the growth of the composite hose market include the growing use of composite hoses in emerging economies, technological advancements in composite materials, and the increasing number of applications for composite hoses.

Driving Factors:

Increasing demand from various end-use industries such as oil and gas, chemicals, and food and beverages: The demand for composite hoses is expected to increase due to the growth of various end-use industries such as oil and gas, chemicals, and food and beverages. Composite hoses are used for the transportation of various fluids and gases in these industries.

Advantages of composite hoses such as high strength, chemical resistance, and flexibility over conventional hoses: Composite hoses are lightweight, flexible, and offer high strength and chemical resistance, making them more efficient and durable than traditional hoses. These advantages have led to an increased adoption of composite hoses in various industries.

Growing demand for lightweight and corrosion-resistant hoses: The demand for lightweight and corrosion-resistant hoses is expected to increase due to the growing need for efficient and durable hoses that can withstand harsh environments.

Increasing adoption of composite hoses in offshore oil and gas exploration and production activities: Composite hoses are extensively used in offshore oil and gas exploration and production activities due to their ability to withstand harsh marine environments. As the demand for oil and gas exploration and production increases, the demand for composite hoses is also expected to increase.

Rising investments in the oil and gas and chemical industries in developing countries: Developing countries are investing heavily in the oil and gas and chemical industries, which is expected to drive the growth of the composite hose market in these regions.

Stringent safety regulations and standards pertaining to the transportation and handling of hazardous chemicals: The transportation and handling of hazardous chemicals require the use of safe and reliable hoses to prevent accidents and ensure the safety of workers. Stringent safety regulations and standards related to the transportation and handling of hazardous chemicals are expected to increase the demand for composite hoses.

Technological advancements in composite hose manufacturing processes: Technological advancements in the manufacturing processes of composite hoses are expected to increase their efficiency and durability, which could drive their adoption in various end-use industries.

Increasing demand for composite hoses in the water treatment industry: Composite hoses are used in the water treatment industry for the transportation of water and other fluids. As the demand for clean water increases, the demand for composite hoses is also expected to increase.

Growing awareness about environmental protection and sustainability, leading to a shift towards eco-friendly composite hoses: With the growing concern about the environment, there is a shift towards the use of eco-friendly materials, including composite hoses made from biodegradable materials. This is expected to drive the growth of the eco-friendly composite hose market.

Market Attributes:

Benchmark Year 2022
Market Size lock
Market Growth (CAGR) 5.2 % (2023-2030)
Largest Market Share Asia Pacific
Analysis Period 2020-2030
Market Players Titeflex Corporation, Parker Hannifin Corporation, Polyhose India Pvt. Ltd., Eaton Corporation plc, and Novaflex Group

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Market Insights:

The global composite hoses market is bifurcated into type, material, application, and geography. On the basis of application, the global composite hoses market is bifurcated into oil and gas, chemicals, pharmaceuticals, food and beverages, water treatment, and others. The oil and gas industry is one of the largest consumers of composite hoses due to the high demand for hoses that can withstand harsh environments and corrosive fluids. The chemical industry is also a significant user of composite hoses due to the need for hoses that can handle a wide range of corrosive chemicals. The food and beverage industry may also be an important segment, as composite hoses are often used for the transfer of food and beverage products. Ultimately, the dominance of a particular segment would depend on various factors such as regional demand, industry growth, and application requirements.

Oil and gas: Composite hoses are used extensively in the oil and gas industry for the transportation of crude oil, gasoline, and other petroleum products. The high durability, flexibility, and chemical resistance properties of composite hoses make them an ideal choice for this industry.

Chemicals: Composite hoses are widely used in the chemical industry for the transportation of corrosive and abrasive materials such as acids, alkalis, and chemicals. They offer high resistance to various types of chemicals, making them a safe and efficient option for chemical handling.

Pharmaceuticals: Composite hoses are used in the pharmaceutical industry for the transportation of various liquids, such as acids, solvents, and bases. These hoses must comply with strict regulatory requirements, such as FDA regulations in the United States.

Food and Beverages: Composite hoses are used in the food and beverage industry for the transportation of food-grade materials, such as milk, juice, and other food products. These hoses are required to comply with strict food safety regulations, such as FDA and EU regulations.

Water Treatment: Composite hoses are used in the water treatment industry for the transportation of wastewater, chemicals, and other liquids. These hoses must be resistant to chemicals and UV radiation.

Others: Composite hoses have various other applications in industries such as construction, mining, and firefighting.

The composite hose market research report presents the analysis of each segment from 2020 to 2030 considering 2022 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2023 to 2030.

Historical & Forecast Period

  • 2020-21 – Historical Year
  • 2022 – Base Year
  • 2023-2030 – Forecast Period

Market Segmentation:

By Pressure Type:

  • <200 PSI
  • 200-250 PSI
  • >250 PSI

By Material:

  • Polypropylene
  • Polyvinyl Chloride (PVC)
  • Polyurethane
  • Nylon
  • Others

By Application:

  • Oil and Gas
  • Chemicals
  • Pharmaceuticals
  • Food and Beverages
  • Water Treatment
  • Others

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Geographic Coverage

On the basis of region, the Asia-Pacific region is expected to witness significant growth in the global composite hoses market due to the increasing demand from emerging economies such as China and India, which have rapidly growing industrial sectors. North America and Europe are also expected to be important regions for the composite hoses market due to the presence of a mature industrial sector and stringent regulations on the use of hoses in certain applications. The Middle East and Africa region may also be an important market due to the presence of a large oil and gas industry. Ultimately, the dominance of a particular region would depend on various factors such as economic growth, industrial development, and government regulations.

Competitive Assessment

The composite hoses market is fragmented, with the presence of several global and regional players. Some of the major players operating in the market include:

Key Companies:

  • Titeflex Corporation
  • Parker Hannifin Corporation
  • Polyhose India Pvt. Ltd.
  • Eaton Corporation plc
  • Novaflex Group
  • Senior Flexonics Inc.
  • Gutteling Composite Hoses
  • Venair Group
  • JRE Private Limited
  • Flextraco B.V.

These companies are focusing on expanding their product portfolio, investing in R&D activities, and collaborating with other market players to enhance their market presence. Additionally, the companies are also focusing on expanding their geographic reach by acquiring local players and expanding their distribution network. The competition among the players is intense, and companies are adopting various strategies to gain a competitive edge in the market.

Here are some recent new product launches in the composite hoses market:

  • Titeflex Corporation launched its new product line of smooth bore and convoluted composite hoses for the oil and gas industry in 2021.
  • Eaton Corporation launched its new Chemflex composite hoses for chemical transfer applications in 2020.
  • Parker Hannifin Corporation launched its new Parflex composite hoses for cryogenic applications in 2019.
  • Polyhose India Pvt. Ltd. launched its new range of composite hoses for food and beverage applications in 2018.
  • Senior Flexonics Inc. launched its new range of composite hoses for marine and offshore applications in 2017.

These new product launches by major players in the market indicate the growing demand for composite hoses and the need for innovation in product design and technology to cater to specific industry requirements.

Key Questions Answered by Composite Hose Market Report

  • Global composite hose market forecasts from 2023-2030
  • Regional market forecasts from 2023-2030 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
  • Country-level forecasts from 2023-2030 covering 15 major countries from the regions as mentioned above
  • Composite hose submarket forecasts from 2023-2030 covering the market by type, material, application, and geography
  • Various industry models such as SWOT analysis, Value Chain Analysis about the market
  • Analysis of the key factors driving and restraining the growth of the global, regional, and country-level composite hose markets from 2023-2030
  • Competitive Landscape and market positioning of top 10 players operating in the market
Table of Content:

1. Preface


1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions

 

2. Executive Summary


2.1. Global Composite Hose Market Portraiture
2.2. Global Composite Hose Market, by Pressure Type, 2022 (USD Mn)
2.3. Global Composite Hose Market, by Material, 2022 (USD Mn)
2.4. Global Composite Hose Market, by Application, 2022 (USD Mn)
2.5. Global Composite Hose Market, by Geography, 2022 (USD Mn)

 

3. Global Composite Hose Market Analysis


3.1. Composite Hose Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. Porter’s Five Force Analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat of New Entrants
3.6.4. Threat of Substitutes
3.6.5. Degree of Competition
3.7. PESTLE Analysis
3.8. COVID-19 Impact Analysis

 

4. Global Composite Hose Market By Pressure Type, 2020 – 2030 (USD Mn)


4.1. Overview
4.2. <200 PSI
4.3. 200-250 PSI
4.4. >250 PSI


5. Global Composite Hose Market By Material, 2020 – 2030 (USD Mn)


5.1. Overview
5.2. Polypropylene
5.3. Polyvinyl Chloride (PVC)
5.4. Polyurethane
5.5. Nylon
5.6. Others

 

6. Global Composite Hose Market By Application, 2020 – 2030 (USD Mn)


6.1. Overview
6.2. Oil and Gas
6.3. Chemicals
6.4. Pharmaceuticals
6.5. Food and Beverages
6.6. Water Treatment
6.7. Others

 

7. North America Composite Hose Market Analysis and Forecast, 2020 – 2030 (USD Mn)


7.1. Overview
7.2. North America Composite Hose Market by Type, (2020-2030 USD Mn)
7.3. North America Composite Hose Market by Material, (2020-2030 USD Mn)
7.4. North America Composite Hose Market by Application, (2020-2030 USD Mn)
7.5. North America Composite Hose Market by Country, (2020-2030 USD Mn)
7.5.1. U.S.
7.5.1.1. U.S. Composite Hose Market by Type, (2020-2030 USD Mn)
7.5.1.2. U.S. Composite Hose Market by Material, (2020-2030 USD Mn)
7.5.1.3. U.S. Composite Hose Market by Application, (2020-2030 USD Mn)
7.5.2. Canada
7.5.2.1. Canada Composite Hose Market by Type, (2020-2030 USD Mn)
7.5.2.2. Canada Composite Hose Market by Material, (2020-2030 USD Mn)
7.5.2.3. Canada Composite Hose Market by Application, (2020-2030 USD Mn)

 

8. Europe Composite Hose Market Analysis and Forecast, 2020 - 2030 (USD Mn)


8.1. Overview
8.2. Europe Composite Hose Market by Type, (2020-2030 USD Mn)
8.3. Europe Composite Hose Market by Material, (2020-2030 USD Mn)
8.4. Europe Composite Hose Market by Application, (2020-2030 USD Mn)
8.5. Europe Composite Hose Market by Country, (2020-2030 USD Mn)
8.5.1. Germany
8.5.1.1. Germany Composite Hose Market by Type, (2020-2030 USD Mn)
8.5.1.2. Germany Composite Hose Market by Material, (2020-2030 USD Mn)
8.5.1.3. Germany Composite Hose Market by Application, (2020-2030 USD Mn)
8.5.2. U.K.
8.5.2.1. U.K. Composite Hose Market by Type, (2020-2030 USD Mn)
8.5.2.2. U.K. Composite Hose Market by Material, (2020-2030 USD Mn)
8.5.2.3. U.K. Composite Hose Market by Application, (2020-2030 USD Mn)
8.5.3. France
8.5.3.1. France Composite Hose Market by Type, (2020-2030 USD Mn)
8.5.3.2. France Composite Hose Market by Material, (2020-2030 USD Mn)
8.5.3.3. France Composite Hose Market by Application, (2020-2030 USD Mn)
8.5.4. Spain
8.5.4.1. Spain Composite Hose Market by Type, (2020-2030 USD Mn)
8.5.4.2. Spain Composite Hose Market by Material, (2020-2030 USD Mn)
8.5.4.3. Spain Composite Hose Market by Application, (2020-2030 USD Mn)
8.5.5. Italy
8.5.5.1. Italy Composite Hose Market by Type, (2020-2030 USD Mn)
8.5.5.2. Italy Composite Hose Market by Material, (2020-2030 USD Mn)
8.5.5.3. Italy Composite Hose Market by Application, (2020-2030 USD Mn)
8.5.6. Rest of Europe
8.5.6.1. Rest of Europe Composite Hose Market by Type, (2020-2030 USD Mn)
8.5.6.2. Rest of Europe Composite Hose Market by Material, (2020-2030 USD Mn)
8.5.6.3. Rest of Europe Composite Hose Market by Application, (2020-2030 USD Mn)

 

9. Asia Pacific Composite Hose Market Analysis and Forecast, 2020 - 2030 (USD Mn)


9.1. Overview
9.2. Asia Pacific Composite Hose Market by Type, (2020-2030 USD Mn)
9.3. Asia Pacific Composite Hose Market by Material, (2020-2030 USD Mn)
9.4. Asia Pacific Composite Hose Market by Application, (2020-2030 USD Mn)
9.5. Asia Pacific Composite Hose Market by Country, (2020-2030 USD Mn)
9.5.1. China
9.5.1.1. China Composite Hose Market by Type, (2020-2030 USD Mn)
9.5.1.2. China Composite Hose Market by Material, (2020-2030 USD Mn)
9.5.1.3. China Composite Hose Market by Application, (2020-2030 USD Mn)
9.5.2. Japan
9.5.2.1. Japan Composite Hose Market by Type, (2020-2030 USD Mn)
9.5.2.2. Japan Composite Hose Market by Material, (2020-2030 USD Mn)
9.5.2.3. Japan Composite Hose Market by Application, (2020-2030 USD Mn)
9.5.3. India
9.5.3.1. India Composite Hose Market by Type, (2020-2030 USD Mn)
9.5.3.2. India Composite Hose Market by Material, (2020-2030 USD Mn)
9.5.3.3. India Composite Hose Market by Application, (2020-2030 USD Mn)
9.5.4. South Korea
9.5.4.1. South Korea Composite Hose Market by Type, (2020-2030 USD Mn)
9.5.4.2. South Korea Composite Hose Market by Material, (2020-2030 USD Mn)
9.5.4.3. South Korea Composite Hose Market by Application, (2020-2030 USD Mn)
9.5.5. Rest of Asia Pacific
9.5.5.1. Rest of Asia Pacific Composite Hose Market by Type, (2020-2030 USD Mn)
9.5.5.2. Rest of Asia Pacific Composite Hose Market by Material, (2020-2030 USD Mn)
9.5.5.3. Rest of Asia Pacific Composite Hose Market by Application, (2020-2030 USD Mn)

 

10. Latin America (LATAM) Composite Hose Market Analysis and Forecast, 2020 - 2030 (USD Mn)


10.1. Overview
10.2. Latin America Composite Hose Market by Type, (2020-2030 USD Mn)
10.3. Latin America Composite Hose Market by Material, (2020-2030 USD Mn)
10.4. Latin America Composite Hose Market by Application, (2020-2030 USD Mn)
10.5. Latin America Composite Hose Market by Country, (2020-2030 USD Mn)
10.5.1. Brazil
10.5.1.1. Brazil Composite Hose Market by Type, (2020-2030 USD Mn)
10.5.1.2. Brazil Composite Hose Market by Material, (2020-2030 USD Mn)
10.5.1.3. Brazil Composite Hose Market by Application, (2020-2030 USD Mn)
10.5.2. Mexico
10.5.2.1. Mexico Composite Hose Market by Type, (2020-2030 USD Mn)
10.5.2.2. Mexico Composite Hose Market by Material, (2020-2030 USD Mn)
10.5.2.3. Mexico Composite Hose Market by Application, (2020-2030 USD Mn)
10.5.3. Rest of Latin America
10.5.3.1. Rest of Latin America Composite Hose Market by Type, (2020-2030 USD Mn)
10.5.3.2. Rest of Latin America Composite Hose Market by Material, (2020-2030 USD Mn)
10.5.3.3. Rest of Latin America Composite Hose Market by Application, (2020-2030 USD Mn)

 

11. Middle East and Africa Composite Hose Market Analysis and Forecast, 2020 - 2030 (USD Mn)


11.1. Overview
11.2. MEA Composite Hose Market by Type, (2020-2030 USD Mn)
11.3. MEA Composite Hose Market by Material, (2020-2030 USD Mn)
11.4. MEA Composite Hose Market by Application, (2020-2030 USD Mn)
11.5. Middle East and Africa Composite Hose Market, by Country, (2020-2030 USD Mn)
11.5.1. GCC
11.5.1.1. GCC Composite Hose Market by Type, (2020-2030 USD Mn)
11.5.1.2. GCC Composite Hose Market by Material, (2020-2030 USD Mn)
11.5.1.3. GCC Composite Hose Market by Application, (2020-2030 USD Mn)
11.5.2. South Africa
11.5.2.1. South Africa Composite Hose Market by Type, (2020-2030 USD Mn)
11.5.2.2. South Africa Composite Hose Market by Material, (2020-2030 USD Mn)
11.5.2.3. South Africa Composite Hose Market by Application, (2020-2030 USD Mn)
11.5.3. Rest of MEA
11.5.3.1. Rest of MEA Composite Hose Market by Type, (2020-2030 USD Mn)
11.5.3.2. Rest of MEA Composite Hose Market by Material, (2020-2030 USD Mn)
11.5.3.3. Rest of MEA Composite Hose Market by Application, (2020-2030 USD Mn)

 

12. Company Profiles


12.1. Titeflex Corporation
12.1.1. Business Description
12.1.2. Financial Health and Budget Allocation
12.1.3. Product Positions/Portfolio
12.1.4. Recent Development
12.1.5. SWOT Analysis
12.2. Parker Hannifin Corporation
12.2.1. Business Description
12.2.2. Financial Health and Budget Allocation
12.2.3. Product Positions/Portfolio
12.2.4. Recent Development
12.2.5. SWOT Analysis
12.3. Polyhose India Pvt. Ltd.
12.3.1. Business Description
12.3.2. Financial Health and Budget Allocation
12.3.3. Product Positions/Portfolio
12.3.4. Recent Development
12.3.5. SWOT Analysis
12.4. Eaton Corporation plc
12.4.1. Business Description
12.4.2. Financial Health and Budget Allocation
12.4.3. Product Positions/Portfolio
12.4.4. Recent Development
12.4.5. SWOT Analysis
12.5. Novaflex Group
12.5.1. Business Description
12.5.2. Financial Health and Budget Allocation
12.5.3. Product Positions/Portfolio
12.5.4. Recent Development
12.5.5. SWOT Analysis
12.6. Senior Flexonics Inc.
12.6.1. Business Description
12.6.2. Financial Health and Budget Allocation
12.6.3. Product Positions/Portfolio
12.6.4. Recent Development
12.6.5. SWOT Analysis
12.7. Gutteling Composite Hoses
12.7.1. Business Description
12.7.2. Financial Health and Budget Allocation
12.7.3. Product Positions/Portfolio
12.7.4. Recent Development
12.7.5. SWOT Analysis
12.8. Venair Group
12.8.1. Business Description
12.8.2. Financial Health and Budget Allocation
12.8.3. Product Positions/Portfolio
12.8.4. Recent Development
12.8.5. SWOT Analysis
12.9. JRE Private Limited
12.9.1. Business Description
12.9.2. Financial Health and Budget Allocation
12.9.3. Product Positions/Portfolio
12.9.4. Recent Development
12.9.5. SWOT Analysis
12.10. Flextraco B.V.
12.10.1. Business Description
12.10.2. Financial Health and Budget Allocation
12.10.3. Product Positions/Portfolio
12.10.4. Recent Development
12.10.5. SWOT Analysis
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