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Global Industrial Hose Market – Global Industry Analysis and Forecast (2018-2026) – by Raw Material, End User and by Region.

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shubhangi Anuse
Global Industrial Hose Market – Global Industry Analysis and Forecast (2018-2026) – by Raw Material, End User and by Region.

Global Industrial Hose Market was value US$ 11.0Bn in 2017 and is expected to reach US$ 18.0Bn by 2026 at a CAGR of 6.35%.

In hydraulic equipment, hoses carry fluid essential for transmitting the requisite force.

A gradual shift from traditional farming practices to mechanized farming will also have a positive impact on the global demand for industrial hoses worldwide.

Lack of product offerings and availability of cheap local variants, especially in unorganized markets of emerging countries has compelled established constructors to cut down prices, resulting in low-value growth and profit crunching.

Excellent resistance offered to petroleum-based products, for instance, gasoline, kerosene, and oil makes polyurethane hoses ideal for applications in industry verticals including mining, oil & gas, chemicals, and agriculture.

India, China, and Japan represent major industrial hose markets, collectively accounting for over 72% of the market value in the Asia Pacific.

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shubhangi Anuse
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