Asia-Pacific dredging hose market is estimated to grow at a CAGR of nearly 3.7% during the forecast period. Rising development of port infrastructure and significant focus on riverbed dredging are some key factors contributing to the market growth in the region. Rising seaborne trade has led the demand for port maintenance and development in the region. China is the leader in the global exports and therefore, seven out of the top ten busiest ports are in China, as per the World Shipping Council. Further, in India, the government initiatives including the National Perspective Plan for Sagarmala are encouraging ports development in the country.
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Emerging economies including Bangladesh are also focusing on investment in port infrastructure. For instance, in February 2020, the Bangladesh government prepared a master plan to dredge 10,000 km of rivers to increase navigability and ensure better water transportation. Nearly 178 rivers will be dredged over the next five years. This leads to increasing demand for dredging equipment including hoses for suction and discharge applications and is suited in most demanding applications.
Some prominent players in the market include Trelleborg AB, JinYuan Rubber Manufacturing (JYM Hose) Ltd., VHMarineTech Co., Ltd., and Hebei Zebung Rubber Technology Co., Ltd. The market players are adopting key strategies including mergers and acquisitions, product launches, and partnerships and collaborations, to gain a competitive advantage. Trelleborg’s operation of engineered products manufactures a bend rubber dredging hose in China, which is the only one of its kind available in the country. Trelleborg’s pre-bend rubber dredging hoses produced in China is strengthened with armored rings, thus reinforcing the hose, and increasing its use-life. There is an emerging new extraction project in China that increased the need for new types of hoses that can withstand more extreme working conditions. As a result, the product delivers a higher level of wear. Even while pumping extremely abrasive media, it ensures a longer lifetime.
Asia-Pacific Dredging Hose Market Segmentation
By Type
- Floating Dredge Hose
- Non-Floating Dredge Hose
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Regional Analysis
- China
- India
- Japan
- Rest of Asia-Pacific
Company Profiles
- Carborundum Universal Ltd.
- ContiTech AG
- Hebei Zebung Rubber Technology Co., Ltd.
- JinYuan Rubber Manufacturing (JYM Hose) Ltd.
- Kanta Rubber Pvt. Ltd.
- Mithra Fluidtrans Pvt. Ltd.
- Nanjing Vincit- Gao Industrial Co., Ltd.
- Ohji Rubber & Chemicals Co., Ltd.
- Q&R Industrial Hoses Pty Ltd.
- Sandhya Enterprises
- Sangir Plastics Pvt. Ltd.
- Trelleborg AB
- VHMarineTech Co., Ltd.
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