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: ETC359665 | 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 | |
Thailand Industrial Hose market currently, in 2023, has witnessed an HHI of 1990, Which has decreased slightly as compared to the HHI of 2342 in 2017. The market is moving towards moderately competitive. 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, Japan was the largest exporter in terms of value, followed by China. It has registered a growth of 69.29% over the previous year. While China registered a growth of 80.08% as compared to the previous year. In the year 2017, Japan was the largest exporter followed by China. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, Thailand has the Herfindahl index of 2001 in 2017 which signifies moderately concentrated also in 2021 it registered a Herfindahl index of 1966 which signifies moderately concentrated in the market.
The Thailand 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.
Thailand Industrial Hose Market is one of the largest markets in the world. It serves as an essential tool for transporting fluids and gases in various industries. The market comprises both local manufacturers and international players, offering a wide range of products to cater to diverse industrial needs. In recent years, there has been a surge in demand for high-quality hoses that can withstand extreme temperatures and pressure levels commonly found in these industries. To meet this growing demand, many companies have invested heavily in research and development to produce innovative solutions that can endure the toughest working conditions. As more businesses seek reliable means of transportation within their operations, it is expected that the Thailand Industrial Hose Industry will complete its upward trajectory in the forthcoming years.
According to 6Wresearch, the Thailand Industrial Hose Market is expected to grow rapidly during the forecast period 2023-2029. The Thailand industrial hose market is projected to grow significantly in the coming years on account of growing demand from various industries. Additionally, the increasing focus on safety regulations and environmental concerns is also driving the Thailand Industrial Hose Market Growth. However, fluctuating raw material prices and intense competition among key players in the industry are expected to hinder the overall growth of this market. To overcome these challenges, companies need to innovate their products and offer customized solutions to customers. Despite these challenges, the rise of automation technology is expected to increase demand for hoses used in automated machinery systems.
The COVID-19 pandemic has had a crucial impact on the Thailand Industrial Hose Market Size to a great extent. The demand for industrial hoses across various industries has been severely impacted due to the slowdown in economic activities caused by the epidemic. The disruptions in global supply chains also affected the import of raw materials required for manufacturing industrial hoses leading to reduced output. However, some segments of the market have seen an increase in demand due to changing consumer behavior as there was an increased demand for medical-grade hoses used in hospitals and healthcare facilities.
The market for industrial hoses in Thailand which is a major part of the Asia Pacific Industrial Hose Market is extremely competitive and comprises several major players. These key players have their operations and manufacturing facilities spread across the country. Some of the prominent players in the Thailand industrial hose market includes
According to Shivankar, Research Manager, 6Wresearch, the Natural Rubber segment includes industrial hoses made from natural rubber, which offers good flexibility. Nitrile Rubber is widely used in industries where oil resistance is critical. PVC hoses are lightweight and resistant to chemicals, and abrasion. Silicone hoses have high-temperature resistance and excellent electrical insulation properties. Polyurethane hoses offer exceptional flexibility and they are often used in industries where flexibility and toughness are required.
The report offers a comprehensive study of the subsequent market segments: