Mining Hoses Market Size, Share & Industry Analysis By Transportation Media (Industrial Water/Alkali, Bulk Powder, Slurry), By Material (Natural Rubber, Synthetic Rubber, PU (Polyurethane), NBR (Nitrile butadiene rubber), SBR (Styrene-butadiene rubber)Others)And Regional Forecast, 2024-2032

The hose is an integral part of most mining equipment. Many hoses are used for groundwork, and industrial hoses are used in air, water, nitrogen filling, drilling air and oil stores, and mining sites. More than half of the mining is done underground and is efficient with the latest technology for sophisticated work. The mining industry provides building blocks for human development.

Increased production of various metals (such as copper, iron, and gold) serving various end industries is expected to drive global mining hose market growth. At present, the principal iron ore, copper, gold, and nickel products are expected to remain essential investment objectives of the major mining players. The burgeoning construction industry, which relies heavily on industrial minerals, increases the demand for mining hoses. The rapid expansion of construction activities to support continued economic development and large-scale projects is expected to drive market growth. There is a high demand for mining hoses on a global scale because their use in various applications, such as mineral extraction and mining, is expected to increase demand during the forecast period further.

• According to the Mineral Commodities Survey, U.S. production of copper was valued at USD 7.5 billion in 2020. This production reduced by 5% from 2019. Chile, China, Congo (Kinshasa), and Peru are other major producers of copper.


• According to the Mineral Commodities Survey, U.S. production of iron ore was valued at USD 4.1 billion in 2020. Australia, Brazil, China, and India are major producers of iron ore.

However, introducing industry-specific issues related to regulation, geopolitical risks, and legal restrictions on the use of natural resources is expected to limit the global mining hose market. In addition, the low-temperature resistance, poor insulation performance, long delivery time, and lack of product differentiation of rubber hoses also hinder the growth of the global mining hose market.

• In July 2021, India's Odisha government invited tenders for 11 mining sites, which will allegedly result in a loss of 4,000 acres of forest. This led to many protests in the region by environmentalists and villagers and indigenous people to the forest areas.


• In September 2021, Serbian citizens took to the streets to protest against the lithium mine being developed in Balkan country, asking the government to develop tougher environmental regulations.

As the increase in construction activity shows strong demand for industrial minerals, North America ranks high in the global mining hose market and is expected to expand rapidly. The United States, Canada, Japan, China, and Europe will drive the market positively. These regional markets will occupy a significant market and reach a good projected size during the analysis period.

• As per World Mining Data, the total mining production of China was worth USD 583,714 million, being the largest mining country, followed by the United States (USD 555,067 million) and Russia (USD 421,049 million).

IMPACT OF COVID-19 ON THE MINING HOSES MARKET

The mining hoses market is expected to take a significant amount of time before recovering from the impact of the COVID-19 pandemic due to the collapse of the mining industry.

• According to the World Bank, the commodities market has faced a major collapse due to the pandemic. The metal prices are expected to show a slight increase at the end of 2021. But due to the prolonged recovery period of China, one of the highest mining countries, the recovery of mined commodities is expected to show slower growth.

Although the mining industry is slowly gaining momentum due to the easing of COVID-19 restrictions, mining hoses demand is anticipated to rise slower. The low mining production rate coupled with slow growth in the commodities market is anticipated to provide the mining hoses market a moderate growth scope in the forecasted period.

KEY INSIGHTS

The report will cover the following key insights:

• Recent Advancements in Mining Hoses


• Key Industry Trends


• Regulatory Landscape for Mining Hoses


• Key Industry Developments (Mergers, Acquisitions, and Partnerships)


• Impact of COVID-19 on the Market

ANALYSIS BY TRANSPORTATION MEDIA

The global mining hoses market is divided into industrial water/alkali, bulk powder, and slurry, based on transportation. Among them, the slurry segment currently holds a leading share in the mining hose market. The growth of this market segment is attributed to the demand for profitable and environmentally responsible technologies for transporting slurry. This is because the abrasiveness of the grouting will corrode the pipeline, increasing the risk of cracking or leakage. In addition, slurry hoses are very suitable for low-pressure, low-temperature applications, where easy maintenance and safety and reliability characteristics are vital considerations.

REGIONAL ANALYSIS

The Asia-Pacific region is a primary market for mining hoses and is expected to achieve profitable growth during the forecast period. China will be one of the fastest-growing countries in this group of regional markets. This growth is supported by increased mineral production in major emerging economies such as China and India. China is a significant producer and consumer of various minerals in the region. Australia is an essential producer of bauxite, and its zinc output is second only to China.

KEY PLAYERS COVERED

The report will include profiles of key players such as Trelleborg Group, Metso Outetec, Continental Group, The Weir Group plc, Novaflex Group, TESS as, Hose Solutions Inc, Eaton, Goodall Hoses - Industrial Hoses & Couplings, and ALFAGOMMA Group.

SEGMENTATION

KEY INDUSTRY DEVELOPMENTS

• Trelleborg signed an agreement through its Trelleborg Industrial Solutions business area and completed the Dutch company Gutteling Group BV acquisition in 2021. The company develops and sells composite hoses and is a market leader in ship-to-ship transfer hoses. This acquisition complements Trelleborg's industrial hoses, especially composite hoses.


• The merger between Metso Mining and Outotec was completed, and the new company Metso Outotec was established on July 1, 2020. At the same time, Metso Flow Control became an independent listed company and began operations under the name of Neles. Metso is one of the leaders in the mining hose market.