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The rubber plated hoses are used to connect two instruments together. The material such as natural as well synthetic rubber is utilized to produce rubber plated hoses. The product is available in a wide range of categories which include rock drill hose, oil hose, suction hose, welding hose, reinforced hose, and fuel hoses. The rubber plated hoses are available in a variety of sizes and shapes based on the applications needed. Additionally, the product provides dimensionally accuracy, flexibility, heat resistance, chemicals resistance, leak-proof, and easy to fit properties. These benefits surge the demand for rubber plated hoses in the oil & gas, automotive, hydraulic, agriculture, food & beverages, chemicals, infrastructure, and mining applications.
The rising demand for rubber oil and suction hoses in the various application will surge the consumption of rubber plated hoses. The rubber oil hose is ideal for providing longer service life, resistance against corrosion, and high compressive strength. It mainly finds its use in automotive products. Whereas, the rubber suction hose has the capability to withstand a wide range of high as well as low temperatures. Due to that, it is highly utilized in used as coolant hose for pipes, machinery, the connecting hose for the food and beverage processing industry, adhesive and chemical filling systems, and medical equipment. Hence, increasing demand for both rubber oil and suction hoses will help to fuel the rubber plated hoses market growth.
However, the fluctuation in the rubber prices also impacts the overall price of rubber plated hoses. It also impacts the demand for the product in various applications. Hence this is anticipated to restrict market growth.
Key Market Driver -
The rising demand for rubber oil and suction hose in various applications to drive the market growth.
Key Market Restraint -
Fluctuation in the prices to restrict the market growth.
Based on product type, the rubber plated hose market is segmented into rubber rock drill hose, rubber oil hose, rubber suction hose, rubber welding hose, rubber reinforced hose, rubber fuel hoses, and others. Based on end-use, the market is segmented into oil & gas, automotive, hydraulic, agriculture, food & beverages, chemicals, infrastructure, mining, and others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
The key players in the rubber plated hose market include Vardhman Hoses Pvt. Ltd., Shree Tirupati Rubber Products, ACE Hose & Rubber, Parker Hannifin Corp., Lomoflex Company Limited, Teknikum Oy, Harrison Hose & Tubing Inc., Anchor Rubber Products LLC, Goodall Hoses, NewAge Industries Inc., Abbott Rubber Company Inc., Kuriyama Holdings Corporation, and Goodflex Rubber Co. Ltd.
Asia Pacific is a leading contributor and anticipated to witness sustainable growth in the rubber plated hose market. The growth is due to the rising adoption of rubber fuel hoses in the chemical and automotive industry. The high demand for rubber plated hose from the food & beverage industry will fuel the market growth in North America. In Europe, growth is attributed to the rising use of rubber oil hose in infrastructure and mining. The Middle East & Africa is anticipated to witness significant growth, owing to the adoption of the product in the oil & gas and hydraulic applications.
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