The global floating dredging hose market is estimated to grow at a CAGR of nearly 3.4% during the forecast period. Increasing demand for dredging in ports and oil and gas operations is primarily driving the growth of the market. The dependence on oil and gas is increasing as global economies and infrastructure continue to rely heavily on petroleum-based products. As per the US Energy Information Association, in 2018, the US alone consumed an average of 20.5 million barrels of petroleum per day which amounts to around 7.5 billion barrels over the year and approximately 22.0% of total petroleum consumption across the globe.
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This resulted in increased development of the offshore oil and gas industry, which is supporting the demand for floating dredge hoses. In the marine industry, the floating dredging hoses are being used to perform water transfer related application. Floating dredge hose equipment composed of several layers mainly used in the waterway discharge process. The inner discharge hose of the floating dredge is preserved by a floating body, which is laterally protected by a reinforced rubber shell. These hoses are capable to suck and discharge the silt, slurry, sand and stone which gets deposited in the waterway. Mud, clay, fine sand, fine-mid sand, and so on are the suitable matters that can be discharged through the floating dredge hose.
Floating dredging hoses are mainly used with dredgers for sand/gravels conveyance. -20? to +50? is the most suitable working temperature for the floating dredge hose. The major characteristics of the floating dredge hose include high resistant against weathering, UV, and ozone. The hose emergence above the water is not less than 20% of the total volume. Owing to these benefits, floating dredge hoses are being significantly used in the industrial verticals, such as oil & gas, marine and infrastructure to discharge desired materials.
Some key players in the market include Trelleborg AB, ContiTech AG, Parker Hannifin Corp., and Salem Republic Rubber Co. The market players are adopting some crucial strategies to expand market share and gain a competitive advantage. For instance, in January 2019, Trelleborg AB formed a joint venture agreement with Wellcall Holdings Bhd., a Malaysian firm, to manufacture and sell industrial hoses in composite materials. The initiative means Trelleborg can expand its production capacity, reach new markets more quickly, and strengthen its total product portfolio.
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Floating Dredging Hose Market Segmentation
By Application
- Government
- Oil and Gas
- Others
Regional Analysis
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
