Industrial Hose Market Growing at a CAGR of 9.9% | Industry Trends, Drivers, Dynamics, Top Key Players, and Business Strategy Till 2025
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Sep 08, 2020 (Heraldkeepers) —
Global Industrial Hose Market is valued approximately USD 9.3 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 9.9 % over the forecast period 2020-2027.
Industrial hose is flexible hollow tube or pipe, designed to supply fluids, water, and substances to various parts of the unit in the industry. The natural rubber, polyvinyl chloride (PVC), nitrile rubber, polyurethane, and others are the raw material used to manufacture develop industrial hose. The industrial hoses can handle wide range of acids, solids such as powder, and others, thus industrial hoses are widely used in the chemical. The global industrial hose market is facing challenges by the spread of COVID-19 due to reduction of production operations in automobile and oil & gas industries. However, industrial hoses are sued