Global Floating Dredging Hose Market Trends, Size, Forecast - 2020-2026


Posted July 31, 2020 by pooja1919

The global floating dredging hose market is estimated to grow at a CAGR of nearly 3.4% during the forecast period.

 
The global floating dredging hose market is estimated to grow at a CAGR of nearly 3.4% during the forecast period. Increasing demand for dredging in ports and oil and gas operations is primarily driving the growth of the market. The dependence on oil and gas is increasing as global economies and infrastructure continue to rely heavily on petroleum-based products. As per the US Energy Information Association, in 2018, the US alone consumed an average of 20.5 million barrels of petroleum per day which amounts to around 7.5 billion barrels over the year and approximately 22.0% of total petroleum consumption across the globe.

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This resulted in increased development of the offshore oil and gas industry, which is supporting the demand for floating dredge hoses. In the marine industry, the floating dredging hoses are being used to perform water transfer related application. Floating dredge hose equipment composed of several layers mainly used in the waterway discharge process. The inner discharge hose of the floating dredge is preserved by a floating body, which is laterally protected by a reinforced rubber shell. These hoses are capable to suck and discharge the silt, slurry, sand and stone which gets deposited in the waterway. Mud, clay, fine sand, fine-mid sand, and so on are the suitable matters that can be discharged through the floating dredge hose.

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Global Floating Dredging Hose Market Segmentation

By Application

Government

Oil and Gas

Others

Regional Analysis

North America

United States

Canada

Europe

UK

Germany

Italy

Spain

France

Rest of Europe

Asia-Pacific

China

India

Japan

Rest of Asia-Pacific

Rest of the World

Company Profiles

ContiTech AG

FLSmidth A/S

JinYuan Rubber Manufacturing (JYM Hose) LTD

Max Groups Marine Corp.

Mithra Fluidtrans Pvt. Ltd.

Novaflex Group

Parker Hannifin Corp.

Salem-Republic Rubber Co.

TANIQ BV

The Weir Group plc

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Issued By Mr. Anurag Tiwari
Country India
Categories Business
Last Updated July 31, 2020