Global Mining Hoses Market: Snapshot
A positive outlook prevails in the global mining hoses market on the back of recovery of the mining industry post the economic recession of 2008-09. The surge in production of various minerals such as copper, iron, and gold to serve various end-use industries is acting in favor of the growth of the mining hoses market.
The booming construction sector that heavily depends on industrial minerals is leading to an upsurge in the demand for mining hoses. For instance, in the U.S., rising construction activities to support the incessant economic development along with mega plans underway to build and repair the highway system is likely to display a strong demand for industrial minerals such as industrial diamond.
A report by Transparency Market Research (TMR), predicts the global mining hoses market will serve a demand to attract a revenue of US$483.4 mn by the end of 2025 at a CAGR of 7.30% during the 2017-2025 forecast period.
Synthetic Rubber to Remain Vital Component of Mining Hoses Market
By transporting media, the global mining hoses market is bifurcated into industrial water/alkali, bulk powder, and slurry. Of them, the slurry segment currently holds leading share in the mining hoses market. The growth of this segment is attributable to the need for cost effective and environmentally responsible techniques for transporting slurry. This is because abrasive nature of the slurry can erode the pipeline that increases the risk of rupture or leak. In addition, slurry hoses are ideally suited for low-pressure and low-temperature applications where ease of maintenance are the key considerations, along with safety and reliability features. Going forward, the slurry segment is anticipated to rise at a CAGR of 7.19% for the 2017-2025 forecast period.
On the basis of material type, the mining hoses market is segmented into natural and synthetic rubber. The synthetic rubber segment is further sub-segmented into PU, NBR, SBR, and others. The others segment comprise IIR, IR, and EPDM. Of the two, the synthetic rubber segment is anticipated to account for the leading 64.1% of the market by 2025. This is mainly because synthetic rubber based mining hoses offer abrasion resistance, and superior resistance against aging and heat as compared to natural rubber based mining hoses. The segment of synthetic rubber in the mining hoses market is anticipated to rise at a CAGR of 7.19% for the 2017-2025 forecast period.
Asia Pacific to Register Leading CAGR through 2025
North America, Europe, Asia Pacific, South America, and the Middle East and Africa are the key regions for mining hoses examined in this report. North America holds prominence in the global mining hoses market on the back of rising construction activities that display a strong demand for industrial minerals. The North America mining hoses market is projected to expand at a CAGR of 7.38% from 2017 to 2025. At this rate, the regional market will reach a valuation of US$115.9 mn by the end of 2025 from US$57.0 mn in 2015.
Asia Pacific is another key market for mining hoses; going forward the region is anticipated to clock 8.02% CAGR during the 2017-2025 forecast period. This growth is backed by the increasing production of minerals in prominent emerging economies such as China and India. China is the leading producer and consumer of various minerals in the region. Australia is the leading producer of bauxite and is third-leading after China for the production of zinc.
Leading players operating in the global mining hoses market profiled in the report include Trelleborg Group, Metso Corporation, Continnetal Group, Weir Group plc, Novaflex Group, TESS, Hose Solutions Inc., Eaton Corporation, Goodall, and ALFAGOMMA Spa among others.
Global Mining Hoses Market: Overview
The “Mining Hoses Market [Transporting Media – Industrial Water/Alkali, Bulk Powder, Slurry: Material Type – Natural Rubber, Synthetic Rubber (PU, NBR, SBR, Others)] – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2017 – 2025”, report provides an in-depth analysis of the global mining hoses market for the period 2017 – 2025, wherein 2016 is the base year, data for the year 2015 is considered as historical information and the years from 2015 to 2025 is the forecast period. The report also provides compound annual growth rate (CAGR %) from 2017 to 2025 for all the segments in the scope of study. The report covers key trends prevailing in the global mining hoses market over the forecast period. The report also describes various factors impacting the global mining hoses market growth during the forecast period including market drivers, restraints, and opportunities
The study provides a holistic perspective on global mining hoses market growth in terms of revenue estimates (in US$ Mn) globally. The market estimates have been analyzed by taking into account the impact of various economic, political, technological, social, and legal and the existing market dynamics influencing market growth. The report would also include executive summary, providing the overview of the global mining hoses market. The report also provides industry development and key market indicators for the global mining hoses market. Furthermore, report provides market attractiveness analysis, for each segment based on their CAGR and market share. The report also provide porter’s five forces analysis about the industry competition, market dynamics and the most profitable segments in the market.
Global Mining Hoses Market: Market Segmentation
This research study on the global mining hoses market provides a detailed cross segment and cross country analysis based on the different segments including transportation media, and material type. Based on transporting media, the market is segmented into industrial water/alkali, bulk powder, and slurry. Based on the material type, the market is divided into natural and synthetic rubber. The synthetic rubber segment is further classified into PU, NBR, SBR, and others. The others include IIR, IR, and EPDM. The report also covers profiles of major players, their growth strategies and focuses on the recent developments under the competition matrix section and includes market positioning analysis of key players operating in the mining hoses market.
Global Mining Hoses Market: Competitive Analysis
The competition matrix for key players in the global mining hoses market notes their capabilities and growth potential and also benchmarks the key companies in the global mining hoses market on the basis of top line growth, market share, segment growth, infrastructure capabilities, market position, product offerings, R&D focus and future outlook.
Under the company profiles section, the report also includes an overview of the players operating in the market, the annual revenue generated by them in the past two or three years, SWOT analysis, regional breakdown and their relevant business segment revenue. The report also contains market share analysis of the key players in the Mining Hoses market for the year 2016 based on their revenues generated for the same year.
The key players profiled in this report include – Trelleborg Group, Metso Corporation, Continental Group, Weir Group PLC, Novaflex group, TESS, Hose solutions Inc., Eaton Corporation, Goodall, ALFAGOMMA Spa.
The global Mining Hoses Market has been segmented as follows:
Global Mining Hoses Market, by Transporting Media
- Industrial Water/Alkali
- Bulk Powder
Global Mining Hoses Market, by Material Type
- Natural Rubber
- Synthetic Rubber
Global Mining Hoses Market, By Geography
- North America
- The U.S.
- Rest of North America
- The U.K
- Rest of Europe
- Asia Pacific (APAC)
- Rest of APAC
- Middle East and Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA
- South America
- Rest of South America