Market Forecast By Material (Natural Rubber, Nitrile Rubber, PVC, Silicone, Polyurethane, Others (EPDM, UPE)), By Media Type (Water, Oil, Hot Water and Steam, Air and Gas, Food, and Beverage, Chemical), By Industry (Automotive, Infrastructure, Oil & Gas, Pharmaceuticals, Food & Beverages, Water & Wastewater, Others) And Competitive Landscape
Product Code: ETC359668 | Publication Date: Aug 2022 | Updated Date: May 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
Indonesia Industrial Hose market currently, in 2023, has witnessed an HHI of 3078, Which has increased moderately as compared to the HHI of 1411 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
In the year 2021, China was the largest exporter in terms of value, followed by Thailand. It has registered a growth of 59.14% over the previous year. While Thailand registered a growth of 84.72% as compared to the previous year. In the year 2017, China was the largest exporter followed by Malaysia. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, Indonesia has a Herfindahl index of 1411 in 2017 which signifies high competitiveness also in 2021 it registered a Herfindahl index ofย 1845 which signifies moderately concentrated in the market.
The Indonesia Industrial Hose Market report thoroughly covers the market by material, by media type, and by industry. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Indonesia Industrial Hose Market is an essential part of the country's manufacturing sector. Industrial hoses are used for transferring fluids, gases, and other materials between machinery or processing equipment. The demand for these components has grown significantly due to the expansion in oil & gas, chemical, manufacturing, and food processing industries. Rubber hoses have long been the most widely used due to their flexibility and durability, while thermoplastic hoses have also made up a significant portion of the market as they possess superior abrasion resistance and are lightweight.
According to 6Wresearch, the Indonesia Industrial Hose Market is expected to grow at a rapid pace during the forecast period 2023-2029. The Indonesia Industrial Hose Market Share is expanding and the demand for industrial hoses has been spurred by the expansion of several end-use industries such as oil and gas, chemicals, food and beverage, pharmaceuticals, construction, and mining. Leading players in this domain have broadened their product portfolios and focused on finding strategic partnerships to fortify their foothold in the country. However, several challenges such as price fluctuations of raw materials, quality control issues, and competition from local manufacturers who offer low-cost alternatives are expected to hinder the Indonesia Industrial Hose Market Growth to a great extent.
The COVID-19 pandemic has influenced the growth of Indonesia industrial hose industry due to disruptions in supply chains, a decrease in demand for hoses backed by production shutdowns, and reduced economic activity. However, increased government spending towards healthcare facilities led to an increased need for medical-grade hoses while the shift towards hygienic practices is likely to continue beyond the pandemic and drive growth.
Indonesia Industrial Hose Market which is a major part of the Asia Pacific Industrial Hose Market has numerous leading players involved in the production, distribution, and supply of high-quality hoses for various industrial applications. Some notable companies in the market include;
According to Shivankar, Research Manager, 6Wresearch, Natural Rubber is commonly used in applications requiring high tensile strength and resistance to chemicals and wear. Industrial hoses are widely used in oil and gas, automotive, and chemical sectors. The PVC hoses are lightweight and cost-efficient and are commonly used in applications such as water supply and general fluid transfer. Industrial hoses made from silicone offer excellent temperature resistance and are used in applications requiring resistance to extreme temperatures.
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The report offers a comprehensive study of the subsequent market segments: