The US dredging hose market is estimated to grow at a CAGR of nearly 3.1% during the forecast period. Rising investment in port dredging is contributing to the growth of the market. In April 2020, USACE provided a construction contract valued $97.9 million to Callan Marine, Ltd. This is intended to finish the second phase of the four-phase Corpus Christi Ship Channel Improvement Project. It enhances the channel depth from -47 feet Mean Lower Low Water (MLLW) to -54 ft MLLW and broadens the channel to 530 feet with an additional 400 feet of barge shelves.
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This awarded contract follows the Contract 1 completion, which GLDD finished on time in March 2020, deepening and widening the Corpus Christi Ship Channel (CCSC) from the Gulf of Mexico to Harbor Island. The Contract 2 will deepen and broaden the CCSC from Harbor Island to 2.7 miles past the LA Quinta Junction. In addition, it comprises Ingleside which is operated by the three major crude export marine terminal operators, such as Flint Hills Resources, Buckeye Partners, and Moda Midstream that will directly benefit.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
US Dredging Hose Market by Type
- Floating Dredge Hose
- Non-Floating Dredge Hose
Company Profiles
- Able Hose & Rubber LLC
- Ace Hose and Rubber Company
- Nelco Marine
- NovaFlex Group
- Parker-Hannifin Corp.
- Royal Boskalis Westminster N.V.
- Salem-Republic Rubber Co.
- The G.W. Van Keppel Co.
- Townley Engineering & Manufacturing Co., Inc.
- Trelleborg AB
The Report covers:
- Comprehensive research methodology of the US dredging hose market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- Exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the US dredging hose market.
- Insights about market determinants which are stimulating the US dredging hose market.
- Detailed and extensive market segments with regional distribution of forecast revenues.
- Extensive profiles and recent developments of market players.
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