1 Global Composite Hose Market Insight Analysis
The global composite hose market is valued at USD 240.53 million in 2024, with a CAGR of 5.87% from 2024 to 2033.
Composite hoses are made from multiple layers of spirally wrapped thermoplastic fabrics and films held together by a metal inner and outer wire helix. Composite hoses are very flexible, kink-proof hose that is primarily used for the transfer of chemicals, solvents, acids, etc. Composite hoses form an integral part of transfer operations and are suitable for industrial use.
Figure Global Composite Hose Market Size (M USD) and CAGR (2024-2033)
2 Composite Hose Market Growth Drivers and Restraints
The driving factors for the growth of the composite hose market mainly come from product advantages, downstream industry development and emerging market demand. From the perspective of the product’s own characteristics, composite hoses have significant advantages over traditional rubber and metal hoses. It is composed of a variety of special materials and has the characteristics of UV resistance, oil resistance and pollution-free, acid and alkali tolerance, high and low temperature adaptation, corrosion resistance, anti-aging, light weight and softness, free bending, convenient operation and static electricity conduction. These advantages make it gradually replace traditional hoses in the chemical, petroleum and other industries, and the market demand continues to increase.
The development of downstream industries is the key force driving the growth of the composite hose market. As the main application areas of composite hoses, the chemical and oil and gas industries have a far-reaching impact on their market development. Chemical companies need to safely and efficiently transport various chemicals during the production process. The chemical resistance, safety and reliability of composite hoses make them an ideal choice.
In the oil and gas industry, composite hoses play an important role in the transportation of crude oil and refined oil, loading and unloading operations of tankers and railway tank cars, and offshore oil and gas production. With the advancement of energy transformation, the status of natural gas as a clean energy has become increasingly prominent, and the development of its related transportation and processing businesses has further stimulated the demand for composite hoses.
The rise of emerging markets has brought new growth opportunities to the composite hose market. With the accelerated industrialization and urbanization of emerging economies in Asia and other regions, energy demand continues to rise. However, some emerging economies have insufficient oil and gas production capacity and are highly dependent on imports, which has led to the rapid development of oil and gas transportation and processing businesses, thereby driving the growth of the composite hose market. In addition, emerging markets have invested heavily in infrastructure construction. The advancement of projects such as ports, airports, roads, and railways has significantly increased the demand for composite hoses when transporting various chemicals and fluids.
The growth of the composite hose market also faces many limiting factors. The strict requirements of product quality and safety standards have brought great challenges to companies. Since the media transported by composite hoses are mostly dangerous, the products must comply with a series of international and national standards, such as ISO 9001, EN 13765, etc. This requires companies to strictly control quality during the production process, select materials correctly, and conduct a lot of testing work, which increases the production cost and R&D difficulty of the company.
Environmental pressure is also an important factor restricting market growth. The production materials of composite hoses are difficult to recycle and process, and the production process also produces pollutants such as greenhouse gases. Against the backdrop of increasingly stringent global environmental protection requirements, companies need to invest more resources to develop more environmentally friendly products and production processes, which undoubtedly increases the operating costs of companies, restricts the development of some companies, and also has a certain inhibitory effect on the overall growth of the market.
Fierce market competition also puts pressure on the growth of the composite hose market. There are many companies in the industry, and the competition is fierce. Large companies rely on their resources, brands and customer base advantages to occupy market share through mergers and acquisitions and expansion; small companies rely on flexible market responses and unique marketing strategies to attract customers.
This competitive landscape has led to fierce market price competition and squeezed corporate profit margins. In order to gain a foothold in the market, companies need to continuously invest in technology research and development and product innovation, but fierce competition may make it difficult for companies to obtain corresponding returns on their R&D investment, thereby affecting the company’s development momentum and restricting the market’s growth rate.
3 Technological Innovations in the Composite Hose Market
In the composite hose market, technological innovation and corporate mergers and acquisitions are important factors driving the development of the industry. Technological innovation is mainly reflected in two aspects: material improvement and manufacturing process optimization. In the field of materials, companies in the industry are actively developing new materials to improve the performance of composite hoses.
For example, new thermoplastic materials are developed to enhance chemical resistance, flexibility and wear resistance, and new reinforcing fibers such as aramid and carbon fiber are used to improve the strength and durability of hoses. These innovations in materials enable composite hoses to adapt to more stringent chemical environments and meet the needs of different industries for safe and efficient transportation.
Innovation in manufacturing processes also injects vitality into the development of the industry. Automation and digital technology are increasingly used in the production of composite hoses. Automated braiding machines can more accurately construct the multi-layer structure of composite hoses, improve product performance and consistency; digital technology is used to optimize quality control and testing processes to ensure that products meet relevant standards and specifications. In addition, future technological development trends also include more use of renewable energy and deep integration of digital technology into products, such as embedding sensors in composite hoses to monitor data such as temperature, pressure and chemical composition in real time, further improving product safety and reliability.
Mergers and acquisitions are also active in the composite hose market, which has a significant impact on the industry landscape. For example, in January 2020, Polyhose plans to invest $8 million to build an assembly plant in North Carolina. This move will help it expand its market share in the United States and North America, relying on its good reputation in the global hose field. In April of the same year, Dantec opened a representative office in Belgium to serve the Benelux region and the wider EU market, increasing the inventory level of products in the region and ensuring the continuity of supply.
In 2021, Gutteling was acquired by the Trelleborg Group and became part of Trelleborg Fluid Handling Solutions (FHS). This acquisition not only enhances Trelleborg’s product supply capabilities in the field of industrial hoses, especially composite hoses, but also brings Gutteling a broader development space. Gutteling has a leading position in the field of liquefied natural gas (LNG) ship-to-ship transfer hoses. After joining the Trelleborg Group, the two parties can share resources and complement each other’s strengths to enhance their competitiveness in the oil and gas transportation market.
4 Global Composite Hose Market Size by Type
Polypropylene-lined composite hoses are the most prevalent type in the market, known for their excellent chemical resistance, flexibility, and lightweight nature. These hoses are widely used in the chemical industry for handling aggressive chemicals and acids. In 2024, the revenue generated by polypropylene-lined hoses is expected to be 118.79 million USD, accounting for approximately 49.39% of the total market revenue. This dominant market share is attributed to the material’s versatility and cost-effectiveness, making it a preferred choice for many industrial applications.
ECTFE (Ethylene Chlorotrifluoroethylene) lining is a high-performance fluoropolymer that offers exceptional chemical resistance and mechanical strength. Composite hoses with ECTFE lining are used in demanding applications, such as handling highly corrosive chemicals and in high-temperature environments. In 2024, the market revenue for ECTFE-lined hoses is projected to be 23.79 million USD, representing about 9.89% of the total market revenue. Although its market share is smaller compared to polypropylene, ECTFE’s specialized applications ensure a steady demand.
PTFE (Polytetrafluoroethylene) lining is renowned for its excellent chemical resistance, low friction coefficient, and temperature resistance. PTFE-lined composite hoses are ideal for applications requiring non-stick properties and easy cleaning. In 2024, the market revenue for PTFE-lined hoses is expected to reach 35.37 million USD, accounting for approximately 14.71% of the total market revenue. PTFE’s unique properties make it a valuable material for industries such as pharmaceuticals, food processing, and high-purity chemical transfer.
Polyamide-lined composite hoses are known for their flexibility and mechanical strength, making them suitable for applications where these properties are crucial. These hoses are often used in industries requiring frequent movement and handling of fluids. In 2024, the market revenue for polyamide-lined hoses is projected to be 33.64 million USD, representing about 13.99% of the total market revenue. Polyamide’s balance of flexibility and durability ensures its continued use in various industrial settings.
Table Global Composite Hose Market Size and Share by Type in 2024
Type | Market Size (M USD) 2024 | Market Share 2024 |
|---|---|---|
Polypropylene Lining | 118.79 | 49.39% |
ECTFE Lining | 23.79 | 9.89% |
PTFE Lining | 35.37 | 14.71% |
Polyamide Lining | 33.64 | 13.99% |
Others | 28.94 | 12.03% |
5 Global Composite Hose Market Size by Application
In 2024, the Chemical application segment is expected to maintain a significant position in the composite hose market. According to the data, the revenue of the composite hose in the chemical application is projected to reach approximately $90.86 million. This accounts for around 37.77% of the total market revenue. The chemical industry’s continuous growth and the increasing demand for safe and efficient transportation of chemicals drive the consumption of composite hoses. For instance, in chemical plants, composite hoses are widely used to transfer a variety of aggressive chemicals. Their excellent chemical resistance, flexibility, and safety features make them the preferred choice, thus contributing to a relatively high market share and revenue.
The Oil and Oil Derivatives application segment is also a major contributor to the composite hose market. In 2024, it is estimated to generate a revenue of about $116.10 million, with a market share of around 48.27%. The oil and gas industry’s extensive operations, such as the transportation of crude oil, refined oil, and petrochemical products, rely heavily on composite hoses. These hoses are designed to withstand high pressure, temperature, and harsh environments, meeting the industry’s strict requirements. As the global demand for oil and gas remains stable, the market for composite hoses in this application is likely to remain robust.
Table Global Composite Hose Market Size and Share by Application in 2024
Application | Market Size (M USD) 2024 | Market Share 2024 |
|---|---|---|
Chemical | 90.86 | 37.77% |
Oil and Oil Derivatives | 116.10 | 48.27% |
Others | 33.57 | 13.96% |
6 Global Composite Hose Market Size by Region
North America, especially the United States, is a major market for composite hoses. In 2024, the revenue of the composite hose market in the United States is forecasted to be around $58.41 million. The U.S. has a well – developed chemical and oil and gas industry, which drives the demand for composite hoses. For example, in the oil – rich regions like Texas and North Dakota, composite hoses are widely used in oil extraction, transportation, and refining processes. The continuous growth of these industries, along with the government’s support for infrastructure development, ensures a stable market for composite hoses. However, the market also faces challenges such as intense competition among manufacturers and the need to comply with strict environmental regulations.
Europe is another significant region in the composite hose market. In 2024, the market revenue in Europe is expected to reach approximately $59.61 million. European countries have a long – standing presence in industries such as chemicals, automotive, and aerospace, which require high – quality composite hoses. Germany, for example, has a strong manufacturing base, and the chemical industry in the Rhine – Ruhr region is a major consumer of composite hoses. The region’s focus on sustainability and the development of new technologies also promotes the growth of the composite hose market. However, the economic slowdown in some European countries and the impact of Brexit on the UK market may pose challenges to the market’s growth.
In Asia – Pacific, China is emerging as a key market. In 2024, China’s composite hose market revenue is projected to be around $33.54 million. The rapid industrialization and urbanization in China have led to a significant increase in the demand for composite hoses. The country’s large – scale infrastructure projects, such as the construction of petrochemical plants and pipelines, drive the consumption of composite hoses. Additionally, the government’s push for environmental protection and the development of the green economy are also promoting the use of more advanced composite hoses. However, the Chinese market also faces competition from domestic and international manufacturers, and there is a need to improve product quality and innovation.
Japan and India in the Asia – Pacific region also contribute to the market. Japan’s composite hose market revenue in 2024 is expected to be around $16.73 million. The country’s high – tech industries and its focus on precision manufacturing require high – performance composite hoses. India, with a revenue of around $21.44 million in 2024, is experiencing growth in its chemical and oil and gas sectors. The government’s initiatives to boost infrastructure development and the growth of the manufacturing industry are driving the demand for composite hoses in India.
The Middle East and Africa region also has a notable share in the global composite hose market. In 2024, the market revenue in this region is estimated to be around $19.48 million. The region’s rich oil and gas resources lead to extensive exploration, production, and transportation activities, which are the main drivers for the composite hose market. Countries like Saudi Arabia and the United Arab Emirates, with their large – scale oil and gas projects, are major consumers of composite hoses. However, the region also faces challenges such as geopolitical instability and fluctuations in oil prices, which may affect the market’s growth.
Latin America is a growing market for composite hoses. In 2024, the market revenue in this region is expected to be around $11.88 million. The region’s increasing industrial activities, especially in countries like Brazil and Mexico, are driving the demand for composite hoses. The development of the oil and gas industry in these countries, along with infrastructure improvements, provides opportunities for the growth of the composite hose market. However, economic instability and regulatory challenges in some Latin American countries may limit the market’s expansion.
Figure Global Composite Hose Market Size (M USD) by Region in 2024
7 Global Composite Hose Market Analysis by Major Players
DANTEC
Company Introduction and Business Overview:
DANTEC, established in 1969, is a leading manufacturer of composite hoses with its main manufacturing base in the UK. The company has a global sales network covering Europe, Asia, and North America. Known for its innovative approach, DANTEC has expanded its product range to meet the evolving needs of the petrochemical and industrial sectors. The company’s headquarters are located in Moreton, Wirral, England.
DANTEC specializes in the production of high-quality composite hoses designed for the safe and efficient transfer of chemicals, petroleum products, and other hazardous materials. The company’s products are renowned for their durability, flexibility, and resistance to harsh environments. DANTEC’s commitment to continuous innovation and quality control has solidified its position as a global leader in the composite hose industry. The company’s extensive product range and reliable customer service have helped it build a strong reputation in the market.
Products:
DANTEC’s product portfolio includes a variety of composite hoses tailored for specific applications. For instance, the Danoil series is designed for the transfer of hydrocarbons, biofuels, and aromatic compounds. These hoses are constructed from multiple layers of polypropylene fabrics and films, with options for galvanized steel or aluminum helices. The company also offers hoses with polyamide linings for applications involving high aromatic content. DANTEC’s hoses are compliant with international standards such as ISO 9001, EN 13765, and BS 5842, ensuring their suitability for a wide range of industrial uses.
Polyhose
Company Introduction and Business Overview:
Polyhose, founded in 1996, is a prominent player in the composite hose market with its main manufacturing base in India. The company has a global presence, supplying products to Asia-Pacific, the Americas, Europe, the Middle East, and Africa. Polyhose is known for its high-quality composite hoses and has established itself as a reliable supplier in the industry. The company’s headquarters are located in Chennai, India.
Polyhose is a diversified industrial conglomerate that focuses on the design, development, manufacturing, and distribution of composite hoses. The company’s products are used in various industries, including chemical, oil and gas, and transportation. Polyhose’s commitment to quality and innovation has enabled it to expand its market reach and build a strong customer base. The company’s modern manufacturing facilities and experienced team of technocrats ensure the production of high-quality hoses that meet international standards.
Products:
Polyhose offers a comprehensive range of composite hoses, including the PH801 series, which is designed for the transfer of petroleum products. These hoses are made from polypropylene fabrics and films, with PVC-coated fabric covers and galvanized steel wires. The company’s hoses are suitable for applications such as road tanker deliveries, rail tanker loading, and loading gantries. Polyhose’s products are compliant with standards like EN 13765 and NAHAD, ensuring their reliability and safety in various industrial applications.
Sondaflex
Company Introduction and Business Overview:
Sondaflex, established in 2002, is a leading manufacturer of composite hoses with its main manufacturing base in China. The company has a strong presence in the Asia-Pacific region and is known for its high-quality products and innovative solutions. Sondaflex’s headquarters are located in Xiamen, Fujian Province, China.
Sondaflex specializes in the production of composite hoses designed for the transfer of chemicals, fuels, and other industrial fluids. The company’s products are known for their durability, flexibility, and resistance to corrosion. Sondaflex’s commitment to quality and continuous improvement has enabled it to achieve international certifications such as EN 13765:2003. The company’s products are widely used in various industries, including chemical plants, oil refineries, and marine operations.
Products:
Sondaflex offers a range of composite hoses suitable for different applications. The company’s hoses are constructed from multiple layers of thermoplastic fabrics and films, supported by metallic wire helices. Sondaflex’s products include hoses for low-pressure road tanker applications, standard and heavy-duty hoses for ship-to-shore transfers, and hoses designed for handling aggressive chemicals. The company’s hoses are available with various lining materials, such as polypropylene, to meet specific customer requirements. Sondaflex’s products are designed to meet international standards, ensuring their suitability for a wide range of industrial applications.