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: ETC359645 | 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 | |
Argentina Industrial Hose market currently, in 2023, has witnessed an HHI of 2315, Which has increased slightly as compared to the HHI of 1800 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, China was the largest exporter in terms of value, followed by Brazil. It has registered a growth of 33.75% over the previous year. While Brazil registered a growth of 39.07% as compared to the previous year. In the year 2017, China was the largest exporter followed by Italy. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, Argentina has a Herfindahl index of 1800 in 2017 which signifies moderately concentrated also in 2021 it registered a Herfindahl index of 2482 which signifies moderately concentrated in the market.
Argentina 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.
Argentina Industrial Hose Market has been growing steadily over the past few years, fueled by increased demand from oil and gas industries, chemical manufacturing, and food processing. Generally, industrial hoses are used for transferring chemicals and other materials between different components of a system. In recent years, the leading players in the global industrial hose market have established a presence in Argentina through collaborations or partnerships with local manufacturers. Apart from this, there are several factors driving Argentina Industrial Hose Market Growth, including an increasing focus on safety regulations and environmental compliance. However, the ongoing pandemic has disrupted supply chains worldwide and resulted in lower demand from some sectors. Additionally, rising raw material costs can make it difficult for smaller manufacturers to compete against major players with greater economies of scale.
According to 6Wresearch, the Argentina Industrial Hose Market is expected to grow at a rapid pace during the forecast period 2023-2029. The Argentina industrial hose market is set to experience massive growth over the coming years due to investments in infrastructure, the surge in demand from industries such as oil & gas, agriculture and construction, and government policies encouraging domestic production. Moreover, competition between manufacturers vying for Argentina Industrial Hose Market Share along with fluctuations in raw material prices is the major hindrances faced by the market.
The Argentina Industrial Hose Market which is a major part of the Latin America Industrial Hose Market has been hit hard by the COVID-19 pandemic. The outbreak led to a significant decrease in demand due to supply chain disruptions and economic uncertainties. Additionally, many factories shut down on account of government regulations, hindering output levels and market growth. Furthermore, safety measures implemented at factories along with low consumer confidence due to difficult times resulted in reduced sales volumes which put profit margins under pressure for several key players within this sector.
The Argentina Industrial Hose Market Size is constantly expanding and this industry is highly competitive, with several renowned companies operating in the industry. Major players include;
According to Shivankar, Research Manager, 6Wresearch, the automotive segment includes the use of hoses in automotive manufacturing, assembly lines, and aftermarket applications. The infrastructure segment involves the use of hoses used in construction and infrastructure development projects. Oil & Gas industry uses hoses in the exploration and transportation of oil and gas. The food & beverage industry utilizes hoses used in food processing. Lastly, Water & Wastewater industry uses hoses in water treatment and irrigation systems.
The report offers a comprehensive study of the subsequent market segments: