Stratview Research delivers key insights on the Oil & Marine Hoses market in its latest report titled Oil & Marine Hoses 2022 - 2028. According to the report, the global Oil & Marine Hoses market is anticipated to expand at a CAGR of 4.6% in terms of value during the forecast period due to various factors.

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It is the most comprehensive report available on this market and will help users gain a global outlook as it covers 360degree Oil & Marine Hoses Market shares, detailed analysis of growth rate among various segments including demand -supply scenario, etc. The regional and country segmentations give in-depth analysis of the market in each geography and the size of the market by region and by country. It also compares the market’s historic and forecast growth and highlights important trends and strategies that players in the market can adopt.

Impact of COVID-19 on Oil & Marine Hoses Market

With COVID-19, the world is battling a health pandemic as well as an economic pandemic, virtually affecting trillions of dollars of incomes. Stratview Research brings to you high level insights and in-depth details related to rapid modifications in top companies in each sector, growth and decline due to COVID-19, etc. The analysts at Stratview Research are constantly engaging with their clients and other key players of almost all the industries, regarding the impact of COVID-19 on their businesses.

Key players

Some of the major players operating in the global Oil & Marine Hoses market are-

  • Bassi Offshore S.R.L.
  • Continental AG
  • EMSTEC GmbH
  • Flexomarine S.A.
  • Hebei Zebung Rubber Technology Co., Ltd.
  • Manuli Rubber Industries S.p.A.
  • The Yokohama Rubber Co., Ltd.
  • Trelleborg AB
  • VH-MarineTech Co., Ltd.

Growth drivers and Market Value:

This report, from Stratview Research, studies the Oil & Marine Hoses Market value and growth drivers over the trend period of 2022-27. According to the report -

Oil & Marine hoses are used to load crude oil and other petroleum products from offshore facilities to storage vessels and to unload them back to onshore or offshore facilities. They act as substitutes for sub-sea oil transfer pipelines. Oil & marine hoses are majorly used in the context of oil conveyance from remote places of production, which are not linked to major oil-consuming countries by pipelines. These hoses generally have a length of up to 12 meters (40 feet) and have an internal diameter ranging from 4 to 24 inches. Oil & Marine hoses are of two types: floating and submarine hoses.

Segment Analysis:

Based on by Technology Type:

On the basis of media type, the market is segmented as oil, LPG/LNG, water, and chemical. The dominance of oil can be seen in the market as oil is the most consumed energy source out of all the primary energy sources, which turns to around 34% of the global energy consumption. China and the USA are the largest consumers of oil in the world. The Oil segment has also experienced the highest decline in 2021, owing to a huge decline in crude oil demand.

Based on Regional:

Asia-Pacific is expected to witness the highest growth during the forecast period. China and South-East Asian countries are the growth engines of the region’s market. These economies are projected to generate immense demand for oil & marine hoses with being the major consumers of oil. Currently, China accounts for almost half of the total oil & gas production in Asia-Pacific.

 

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Critical Questions Answered in the Report

  • What are the key trends in the global Oil & Marine Hoses market?
  • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?
  • What is the impact of COVID-19 on global Oil & Marine Hoses market?
  • What are the key strategies adopted by the major vendors to lead in the global Oil & Marine Hoses market?
  • What is the market share of the top vendors?

 

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