Asia Pacific Industrial Hose Market Key Players and Opportunities by 2031
Asia Pacific Industrial Hose Market Size and Forecast (2021 - 2031), Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Material Type (Rubber, PVC, Polyurethane, Silicone and Others), Industry Vertical (Automotive, Water and Wastewater, Oil and Gas, Chemicals, Infrastructure, Food and Beverages, Agriculture, Mining, and Others), and Country
- Status : Published
- Report Code : TIPRE00039386
- Category : Manufacturing and Construction
- No. of Pages : 140
- Available Report Formats :
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Several key players in the Asia Pacific industrial hose market are developing advanced industrial hoses for chemical and oil & gas applications. Hoses developed with new advanced materials are designed to support the requirement of fluid transport applications in various industries.
In July 2024, Dow announced the launch of NORDEL REN ethylene propylene diene terpolymers (EPDM), a bio-based version of rubber material for a wide range of applications, including automotive, hoses, infrastructure, and consumer applications. This plant-based EPDM material was launched for making various key components such as industrial hoses and automotive weather seals.
In October 2023, Watson Marlow Bredel B.V. launched Bredel NR Transfer hoses for general fluid transfer applications. This natural rubber-based hose was designed for handling sludges, food and beverage waste streams, and abrasive slurries at pressures up to 12 bar.
Thus, the introduction of innovative material-based hoses by key players operating in the market is likely to bring in new growth trends in the market.
The Asia Pacific industrial hose market is expected to reach US$ 14,305.87 billion by 2031.
The key players operating in the Asia Pacific industrial hose market include Norres; ALFA GOMMA Spa; Sinopulse; Qingdao Qingflex Hose Factory; Qingdao Somax Manufacturing Co.,Ltd; Sunhose Online Services; NFK Vietnam Co., LTD.; Minh Lap Co., Ltd.; HUANYU HOSE CO., LTD.; Taiwan PU Corporation; Semperit AG Holding; and Fu Sheng Rubber & Plastic Ind. Co., Ltd.
The Asia Pacific industrial hose market was valued at US$ 8,343.34 million in 2023; it is expected to register a CAGR of 7.0% during 2023–2031.
The market for food and beverages in China was valued at US$ 1.67 trillion in 2023, recording an increase of 7.38% compared to the previous year. In 2023, the market in Vietnam was valued at US$ 96.47 billion. The Ministry of Industry and Trade, Vietnam attracted investment of ~US$ 30 billion in the food and beverages industry in 2024. Industrial hoses play a vital role in the food and beverage industry by ensuring the safe and efficient transfer of various liquid components and products. As these materials can be corrosive or reactive, chemical or food-grade hoses are used in food and beverage production facilities. Thus, the rapid growth of the food and beverages sector in countries such as Vietnam, China, and Thailand create a massive demand for industrial hoses in Asia Pacific.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Hypothesis formulation:
3.2.2 Macro-economic factor analysis:
3.2.3 Developing base number:
3.2.4 Data Triangulation:
3.2.5 Country level data:
4. Asia Pacific Industrial Hose Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 Raw Material Providers:
4.3.2 Industrial Hose Manufacturers and Distributors:
4.3.3 End Users:
5. Asia Pacific Industrial Hose Market – Key Market Dynamics
5.1 Asia Pacific Industrial Hose Market – Key Market Dynamics
5.2 Market Drivers
5.2.1 Surging Demand in Food and Beverages Industry
5.2.2 Increasing Investments in Manufacturing Sector
5.3 Market Restraints
5.3.1 Fluctuating Raw Material Prices
5.4 Market Opportunities
5.4.1 Rising Adoption in Oil & Gas and Chemical Sector
5.4.2 Burgeoning Government and Private Investments for the Industrial Development
5.5 Future Trends
5.5.1 Use of Innovative Materials in Hose Manufacturing
5.6 Impact of Drivers and Restraints:
6. Asia Pacific Industrial Hose Market Analysis
6.1 Overview
6.2 Asia Pacific Industrial Hose Market Revenue (US$ Million), 2021–2031
6.3 Asia Pacific Industrial Hose Market Forecast and Analysis
7. Asia Pacific Industrial Hose Market Analysis – by Material Type
7.1 Rubber
7.1.1 Overview
7.1.2 Rubber: Asia Pacific Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million)
7.2 PVC
7.2.1 Overview
7.2.2 PVC: Asia Pacific Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million)
7.3 Polyurethane
7.3.1 Overview
7.3.2 Polyurethane: Asia Pacific Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million)
7.4 Silicone
7.4.1 Overview
7.4.2 Silicone: Asia Pacific Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others: Asia Pacific Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million)
8. Asia Pacific Industrial Hose Market Analysis – by Industry Vertical
8.1 Automotive
8.1.1 Overview
8.1.2 Automotive: Asia Pacific Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million)
8.2 Water and Wastewater
8.2.1 Overview
8.2.2 Water and Wastewater: Asia Pacific Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million)
8.3 Oil and Gas
8.3.1 Overview
8.3.2 Oil and Gas: Asia Pacific Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million)
8.4 Chemicals
8.4.1 Overview
8.4.2 Chemicals: Asia Pacific Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million)
8.5 Infrastructure
8.5.1 Overview
8.5.2 Infrastructure: Asia Pacific Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million)
8.6 Food and Beverages
8.6.1 Overview
8.6.2 Food and Beverages: Asia Pacific Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million)
8.7 Agriculture
8.7.1 Overview
8.7.2 Agriculture: Asia Pacific Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million)
8.8 Mining
8.8.1 Overview
8.8.2 Mining: Asia Pacific Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million)
8.9 Others
8.9.1 Overview
8.9.2 Others: Asia Pacific Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million)
9. Asia Pacific Industrial Hose Market – Country Analysis
9.1 Asia Pacific
9.1.1 Asia Pacific Industrial Hose Market Revenue and Forecast and Analysis – by Country
9.1.1.1 Asia Pacific Industrial Hose Market Revenue and Forecast and Analysis – by Country
9.1.1.2 China: Asia Pacific Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million)
9.1.1.2.1 China: Asia Pacific Industrial Hose Market Breakdown by Material Type
9.1.1.2.2 China: Asia Pacific Industrial Hose Market Breakdown by Industry Vertical
9.1.1.3 South Korea: Asia Pacific Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million)
9.1.1.3.1 South Korea: Asia Pacific Industrial Hose Market Breakdown by Material Type
9.1.1.3.2 South Korea: Asia Pacific Industrial Hose Market Breakdown by Industry Vertical
9.1.1.4 Malaysia: Asia Pacific Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million)
9.1.1.4.1 Malaysia: Asia Pacific Industrial Hose Market Breakdown by Material Type
9.1.1.4.2 Malaysia: Asia Pacific Industrial Hose Market Breakdown by Industry Vertical
9.1.1.5 Taiwan: Asia Pacific Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million)
9.1.1.5.1 Taiwan: Asia Pacific Industrial Hose Market Breakdown by Material Type
9.1.1.5.2 Taiwan: Asia Pacific Industrial Hose Market Breakdown by Industry Vertical
9.1.1.6 Thailand: Asia Pacific Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million)
9.1.1.6.1 Thailand: Asia Pacific Industrial Hose Market Breakdown by Material Type
9.1.1.6.2 Thailand: Asia Pacific Industrial Hose Market Breakdown by Industry Vertical
9.1.1.7 Vietnam: Asia Pacific Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million)
9.1.1.7.1 Vietnam: Asia Pacific Industrial Hose Market Breakdown by Material Type
9.1.1.7.2 Vietnam: Asia Pacific Industrial Hose Market Breakdown by Industry Vertical
9.1.1.8 Rest of APAC: Asia Pacific Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million)
9.1.1.8.1 Rest of APAC: Asia Pacific Industrial Hose Market Breakdown by Material Type
9.1.1.8.2 Rest of APAC: Asia Pacific Industrial Hose Market Breakdown by Industry Vertical
10. Competitive Landscape
10.1 Heat Map Analysis
10.2 Company Positioning and Concentration
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Product Development
12. Company Profiles
12.1 Norres
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 ALFA GOMMA Spa
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Sinopulse
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Qingdao Qingflex Hose Factory
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Qingdao Somax Manufacturing Co.,Ltd
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Sunhose Online Services
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 NFK Vietnam Co., LTD.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Minh Lap Co., Ltd.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 HUANYU HOSE CO., LTD.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Taiwan PU Corporation
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
12.11 Semperit AG Holding
12.11.1 Key Facts
12.11.2 Business Description
12.11.3 Products and Services
12.11.4 Financial Overview
12.11.5 SWOT Analysis
12.11.6 Key Developments
12.12 Fu Sheng Rubber & Plastic Ind. Co., Ltd.
12.12.1 Key Facts
12.12.2 Business Description
12.12.3 Products and Services
12.12.4 Financial Overview
12.12.5 SWOT Analysis
12.12.6 Key Developments
13. Appendix
13.1 About The Insight Partners
List of Tables
Table 1. Asia Pacific Industrial Hose Market Segmentation
Table 2. Asia Pacific Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million) – by Material Type
Table 3. Asia Pacific Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million)
Table 4. Asia Pacific Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million) – by Material Type
Table 5. Asia Pacific Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million) – by Industry Vertical
Table 6. Asia Pacific Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million) – by Country
Table 7. China: Asia Pacific Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million) – by Material Type
Table 8. China: Asia Pacific Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million) – by Industry Vertical
Table 9. South Korea: Asia Pacific Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million) – by Material Type
Table 10. South Korea: Asia Pacific Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million) – by Industry Vertical
Table 11. Malaysia: Asia Pacific Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million) – by Material Type
Table 12. Malaysia: Asia Pacific Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million) – by Industry Vertical
Table 13. Taiwan: Asia Pacific Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million) – by Material Type
Table 14. Taiwan: Asia Pacific Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million) – by Industry Vertical
Table 15. Thailand: Asia Pacific Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million) – by Material Type
Table 16. Thailand: Asia Pacific Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million) – by Industry Vertical
Table 17. Vietnam: Asia Pacific Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million) – by Material Type
Table 18. Vietnam: Asia Pacific Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million) – by Industry Vertical
Table 19. Rest of APAC: Asia Pacific Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million) – by Material Type
Table 20. Rest of APAC: Asia Pacific Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million) – by Industry Vertical
Table 21. Heat Map Analysis
List of Figures
Figure 1. Asia Pacific Industrial Hose Market Segmentation, by Country
Figure 2. PEST Analysis
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. Asia Pacific Industrial Hose Market Revenue (US$ Million), 2021–2031
Figure 5. Asia Pacific Industrial Hose Market Share (%) – by Material Type, 2023 and 2031
Figure 6. Rubber: Asia Pacific Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million)
Figure 7. PVC: Asia Pacific Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million)
Figure 8. Polyurethane: Asia Pacific Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million)
Figure 9. Silicone: Asia Pacific Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million)
Figure 10. Others: Asia Pacific Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million)
Figure 11. Asia Pacific Industrial Hose Market Share (%) – by Industry Vertical, 2023 and 2031
Figure 12. Automotive: Asia Pacific Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million)
Figure 13. Water and Wastewater: Asia Pacific Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million)
Figure 14. Oil and Gas: Asia Pacific Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million)
Figure 15. Chemicals: Asia Pacific Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million)
Figure 16. Infrastructure: Asia Pacific Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million)
Figure 17. Food and Beverages: Asia Pacific Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million)
Figure 18. Agriculture: Asia Pacific Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million)
Figure 19. Mining: Asia Pacific Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million)
Figure 20. Others: Asia Pacific Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million)
Figure 21. Asia Pacific Industrial Hose Market Breakdown by Key Countries, 2023 and 2031 (%)
Figure 22. China: Asia Pacific Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million)
Figure 23. South Korea: Asia Pacific Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million)
Figure 24. Malaysia: Asia Pacific Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million)
Figure 25. Taiwan: Asia Pacific Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million)
Figure 26. Thailand: Asia Pacific Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million)
Figure 27. Vietnam: Asia Pacific Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million)
Figure 28. Rest of APAC: Asia Pacific Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million)
Figure 29. Company Positioning and Concentration
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The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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