Friday, October 7, 2022

Hotel Room Safes Market by Latest Covid-19 Impact and Global Analysis to 2029 | Rising Awareness about Safety Features to Propel Market Growth

 The global hotel room safe market size is likely to surge exponentially in the upcoming years. The rising business travels result in a high number of hotel stays, which, in turn, can fuel demand for hotel room safe. The increasing adoption of safes in hotels is likely to propel market growth, shares Fortune Business Insights™ in its report titled "Hotel Rooms Safe Market, 2021-2028.

The emergence of new business organizations and startups in recent years has led to an increase in travel. A hotel room safe is used to secure the client's expensive and important belongings. The hotels set up the safe within the client's rooms to offer comfort and security to clients. Frequent in and out of clients necessitates the demand for security of client's belongings such as documents, electronics, important papers, passport, jewelry, and others. The safe offers advanced security features such as the availability to unlock by fingerprint, eye detection, face detection, voice detection, and others. Its rapid adoption in the hotel room safe can elevate market growth in the foreseeable years. 

Restrictions on Travel to Dwindle Market Growth

The restrictions on travel due to the government lockdown have deteriorated the market growth. The rising COVID-19 patients have provoked the governments to take necessary measures to control the spread of the infection. Hotel safe's production activities have come to a halt because of the lockdown and curfews. The lack of raw materials for producing the safes is likely to startle the market growth.

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Segments

By type, the market is segmented into mechanical and digital. Based on applications, it is divided into built-in, free-standing, and others. Geographically, it is clubbed into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Highlights of the Report

  • The report provides an analysis of the leading market trends and the top segments.
  • It comprehensively studies the driving and restraining factors and the impact of COVID-19 on the global market.
  • This report examines the regional developments and the strategies devised by the market's key players.

Drivers and Restraints

Rising Awareness about Safety Features to Propel Market Growth

The consumer's awareness of hotel room safe's benefits shall fuel the product demand. Increased travel and concerns have led to enhancement in the hotel room safe in several motels. Theft concerns have provoked the manufacturers to incorporate advanced safety features and advanced technology to enhance security. It is available in mechanical and digital types to ensure security. Digital safe uses eye-tracking, fingerprints, face detection, and other technologies to provide safety to consumers' goods. Hence, the strong product demand is expected to drive the hotel room safe market growth.

However, intense competition in the market can likely restrain the market growth.

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Regional Insights

Economic Advancement in Developing Countries to Boost Market Growth in Asia Pacific

Asia Pacific to dominate the hotel room safe market share because of the economic advancement indeveloping countries. Additionally, strong demand for advanced safety features to secure the client's possessions is likely to propel market growth in the region.

In North America, factors such as rising crime, technical advancements, increasing infrastructure security, increasing end-use applications, and capital investment in the research & development strategies are likely to bolster market growth. 

In Europe, increasing travel and rising awareness regarding safe’s security featuresis likely to boost the market growth.

Competitive Landscape

Incorporation of New Technology by Prominent Players to Enhance Brand Image

The prominent companies are incorporating the best technologies and features in their products. This attracts several consumers due to the enhanced protection of their assets, thereby enhancing its brand image. In addition, the incorporation of partnership strategies enables companies to enhance their product offerings and improve their reach in the global market. Furthermore, the companies focus on the expansion of their product range to improve their product portfolio. This factor can spur competition, which, in turn, can stimulate market growth.

Industry Developments

  • 2020: A Swedish security solutions provider named Gunnebo introduced its 'Experience Center' in Bengaluru. In addition, the company announced a range of external protection devices. The launch of this center can help the company to showcase its Hallmark and Chubbsafes range of biometric safe protection in India under the Steelage brand.

List of Key Players Profiled in the Hotel Room Safe Market Report

  • Global Safe Corporation
  • Indel B
  • CONFORTI
  • Gunnebo AB
  • ARREGUI
  • ASSA ABLOY Hospitality (Formerly VingCardElsafe)
  • JVD
  • FAS
  • Dometic Hotel Equipment
  • Itec
  • VITRIFIGO
  • Minibar Systems
  • TECHNOMAX
  • POITOUX
  • STOCKINGER BESPOKE SAFES

Thursday, October 6, 2022

Permanent Magnet Market Business Strategies and Massive Demand by 2026

The global permanent magnet market size is expected to reach $34.70 billion by 2026 owing to the rising need for energy and the use of strong magnets for power generation. According to a recently published report by Fortune Business Insights, the market value stood at $17.85 billion in 2018 and will exhibit a CAGR of 8.7% in the forecast duration set between 2019 to 2026.

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SMMV Manufacturing Plant in Vietnam to Strengthen Portfolio by Increasing Production Capacity

Shin-Etsu Magnetic Materials Vietnam Co., Ltd. (SMMV) completed constructing a manufacturing plant for rare earth magnet in Hai Phong Province of Vietnam in the year 2016 and started operating from June 2017. Rare earth magnets are used for a variety of applications such as electric and hybrid automobiles, hard disk drives, and energy-saving air conditioners. The SMMV aims at multiplying the production capacity by two times up to 2,200 tons of earth magnet on an annual basis. The magnets produced in this plant will be shipped t0o end-users after processing them in other plants located in different nations across Southeast Asia. Such initiatives taken by market vendors are likely to aid in the expansion of the market in the future years.



Increasing Use of Neodymium Iron Boron Will Add Impetus to Market

The increasing demand for consumer electronics is a major permanent magnet market growth. This includes gadgets such as Music systems, computers, laptops, mobile phones, and others. In addition to this, the increasing use of neodymium iron boron (NdFeB) with its beneficial properties such as repulsion, attraction, and energy conversion will also aid in the expansion of the market in the coming years.

On the negative side, the fluctuating prices of raw materials such as alloys, and increasing prices of energy may cause major hindrance to the overall market in the coming years.

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Players Aiming at Setting up Bases in China to Gain Competitive Edge

China holds an estimate of more than 70% of the market share. Therefore, players are aiming at expanding their geographical base in this nation and investing heavily in the same for gaining an upper hand on resources and production while cutting down the export cost. Besides this, vendors are engaging in mergers and acquisitions, contracts and agreements, joint partnerships, and other collaborative efforts to attract high revenue to the market in the forthcoming years.

Significant Industry Developments of Market include:

May 2018 – A consolidated subsidiary of Santoku Corporation was acquired by Hitachi Metals Ltd. for turning it to a wholly-owned subsidiary to strengthen the cooperation between companies and accelerate the process of decision making.

February 2019 – A new research and development facility was formed by Arnold Magnetic Technologies at the MGE Innovation Center complex located in Wisconsin, United States.

Further Report Findings

  • Asia Pacific held the dominant permanent magnet market share with a revenue of USD 13.82 Billion in 2018, attributed to increasing demand for consumer electronics and applications running on energy.
  • Based on segmentation by application, the market is dominated by the consumer electronics segment on account of 36.7% share on account of the demand for various devices such as smartphones, laptops, speakers, and others.

List of Notable Market Manufacturers are:

  • Hangzhou Permanent Magnet Group
  • Electron Energy Corporation
  • Anhui Earth-Panda Advance Magnetic Material Co., Ltd.
  • TDK Corporation
  • Tengam Engineering, Inc.
  • Daido Steel Co., Ltd.
  • Bunting Magnetics Co.
  • Arnold Magnetic Technologies Corp.
  • Alpha Magnet
  • Shin-etsu Chemical Co., Ltd.
  • Tridus Magnetics and Assemblies
  • Adams Magnetic Products Co., Inc.
  • Ningbo Yunsheng Co. Ltd.
  • Hitachi Metals, Ltd.
  • Integrated Magnetics

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US Thermoplastic Polyurethane (TPU) Market Competitive Landscape Key Players’ Strategies and Product Portfolio

 In a recently published report by Fortune Business Insights™, titled, "US Thermoplastic Polyurethane (TPU) Market Report 2022", the analysts have provided an in-depth overview of the US Thermoplastic Polyurethane (TPU) Market. The report is an all-inclusive research study of the US Thermoplastic Polyurethane (TPU) market taking into account the growth factors, recent trends, developments, opportunities, and competitive landscape. Market analysts and researchers have done extensive analysis of the market with the help of research methodologies such as PESTLE and Porter's Five Forces analysis. They have provided accurate and reliable market data and useful recommendations with an aim to help the players gain insight into the overall present and future market scenario.

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The global US Thermoplastic polyurethane (TPU) market size is expected to reach USD 3.81 billion by 2028 from USD 2.32 billion in 2021, exhibiting a CAGR of 7.3% between 2021 and 2028. The growing innovations in TPU by OEMs can have an excellent effect on this market in the forthcoming years, states Fortune Business Insights, in a report, titled “US Thermoplastic Polyurethane (TPU) Market, 2021-2028.” The market size stood at USD 2.34 billion in 2020.

This research contains in-depth information on emerging trends, market drivers, development opportunities, and market restraints that have the potential to affect the dynamics of the market. The study assesses the market size of the industry and examines the key international players’ approach trends. The research also assesses the market’s size in terms of revenue during the predicted period. All data numbers, such as percentage share splits and breakdowns, are derived from secondary sources and double-checked with primary sources. To examine the industry’s primary influencing variables and entry obstacles, the report conducted Porter’s five forces analysis, SWOT analysis, regulatory landscape, and prominent buyers.

Key Players in the US Thermoplastic Polyurethane (TPU) Market Report:

Companies covered in the US Thermoplastic polyurethane (TPU) market are BASF SE, Lubrizol Corporation, Covestro AG, Huntsman Corporation, COIM Group, American Polyfilm Inc, Kuraray Co., Ltd, ALPHAGARY, Kent Elastomer Products, Entec Polymers, and more players profiled

Most Important Features in this Report:

1. Detailed market study of the US Thermoplastic Polyurethane (TPU) market
2. Changing industry competitive landscape
3. Detailed competitive categorization
4. Historical, current, and forecast market size in quantity and value
5. Recent industry trends and developments
6. The US Thermoplastic Polyurethane (TPU) Market’s Competitive Landscape Key Players’ Strategies and Product Portfolio
7. Segments/Regions Showing Promising Growth a Neutral Perspective on the Performance

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Regional Segmentation of the US Thermoplastic Polyurethane (TPU) Market:

The US Thermoplastic Polyurethane (TPU) research examines the market size, sales, segmentation, and a complete examination of geographies, with a focus on the industry’s top suppliers. Similarly, the study employs a cutting-edge research technique to provide data on market trends in a number of key sectors of the industry. The research study also examines the market size and volume at the global and local levels. Following is the Regional Segmentation:

» North America
» Europe
» China
» Asia-Pacific
» Japan

The report studies the US Thermoplastic Polyurethane (TPU) Market by assessing the market chain, current policies, and regulations, as well as manufacturers, their manufacturing chain, cost structures, and contribution to the industry. The regional market for the Market is examined by analyzing the price of the products in the region in relation to the profit generated.

Marketing Statistics:

The Global US Thermoplastic Polyurethane (TPU) Market Report estimates upfront data and statistics that make the report a very valuable guide for individuals dealing with advertising, advisors, and industry decision-making processes in the Market. This report provides essential data from the industries to guide new entrants in the global Market.

Market Dynamics:

The report shows details related to the most dominant players in the global US Thermoplastic Polyurethane (TPU) Market, along with contact details, sales, and accurate figures for the worldwide market. Various data and detailed analyses collected from various trusted institutions of the global market are presented in the Research Report.

Table of Content – Analysis of Key Points Analysis:

Chapter 1. Executive Summary
Chapter 2. Global Market Definition and Scope
Chapter 3. Global Market Dynamics
Chapter 4. Global US Thermoplastic Polyurethane (TPU) Market Industry Analysis
Chapter 5. Market by Type
Chapter 6. Market by Application
Chapter 7. Market Regional Analysis
Chapter 8. Competitive Intelligence
Chapter 9. Key Companies Analysis
Chapter 10. Research Process

Continued…

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Returnable Glass Bottle Ink market Size, Global Industry Analysis and Opportunity by 2029 | Increasing Focus on Recycling Processes to Aid Growth

 The global returnable glass bottle ink market size is expected to grow substantially in the forthcoming years as per the report, titled "Returnable Glass Bottle Ink Market 2021-2028" by Fortune Business Insights™. The increasing adoption of the ink to print date codes and batch on glass bottles is likely to boost its demand. These bottles can be easily cleaned and washed for further refilling. The washing process removes the old ink and prints new batch numbers and date codes.

COVID-19 Impact

The COVID-19 pandemic impacted all the enterprises globally. Similarly, a negative impact was witnessed in the market amid the pandemic. This is due to drastic reduction in the consumption of bottles on account off closed stores and lockdowns. Also, the international and domestic borders were closed off. This further created disturbance in the supply chain of raw materials for production.

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Market Segmentation

The market of returnable glass bottle ink is segmented by ink type, application, and market geography. The market is divided into black, white, and yellow ink based on type. By application, the market is divided into alcoholic beverages and non-alcoholic beverages. The market is divided based on geography into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

What Does the Report Contain?

The global market for returnable glass bottle ink report is the analysis of all the in-depth primary and secondary research along with expert reviews. The market estimates are given in careful consideration of various economic, political, social, and current market dynamics. Porter's five forces analysis used in creating this report gives deep insights into various factors that affect the market ecosystem. It also offers a comprehensive analysis of key strategies, business models, and respective market shares of this market's prominent players.

Driving Factor

Increasing Focus on Recycling Processes to Aid Growth

According to Lau et al, Science Advances survey in 2020, per person plastic waste has gone up to 105 kg in USA. The rising concerns over the plastic disposal has led the major beverage giants to adopt sustainable methods such as recycling processes of plastic. This has led to several beverage manufacturers switching to you using recycled bottles to reduce waste production. Moreover, recycling or reusing bottles requires fewer resources while generating significant revenues. As the ink is easily removable by washing it, it is widely used in the recycling process. The ink is resistant to various activities during the production process, such as refrigeration, pasteurization, ice water treatment, or storage in warehouses, making it more desirable for the manufacturers to use instead of investing in new glass bottles. These factors are expected to boost the global returnable glass bottle ink market growth during the forecast period.

Regional Insights

Adoption of Recycling Bottles in Europe to Favor Market Growth

Europe is expected to hold substantial returnable glass bottle ink market share in the forthcoming years with the rise of recycling bottles in use. For instance, Milk & More is Britain's traditional doorstep milk delivery company that typically uses reusable glass bottles.

The market of North America is expected to gain momentum backed by the growing consumption of alcoholic beverages in the region. The U.S. and Canada are leading countries in the region.

Competitive Landscape

Market Leaders Focus on Product Launch to Strengthen Their Positions

Recent developments and their impact mark the competitive landscape of the market for returnable glass bottle ink. The key market participants applying various strategies like innovation, collaboration, product development, advancement of Technology, and others help various competitors gain better footage in the market. An example of innovation is when Domino Printing Sciences launched a high contrast alkali washable yellow ink 2YL955i in the market in January 2016.

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List of Key Players Profiled in Market of Returnable Glass Bottle Ink:

  • Domino Printing Sciences
  • Markem Imaje
  • Videojet
  • Linx Printing technologies
  • PT Asia Thailand
  • UPM Global
  • Needham Group

US Solid Waste Management Market size is projected to gain traction on account of the increasing amount of waste generation

 In a recently published report by Fortune Business Insights™, titled, "US Solid Waste Management Market Report 2022", the analysts have provided an in-depth overview of the US Solid Waste Management Market. The report is an all-inclusive research study of the US Solid Waste Management market taking into account the growth factors, recent trends, developments, opportunities, and competitive landscape. Market analysts and researchers have done extensive analysis of the market with the help of research methodologies such as PESTLE and Porter's Five Forces analysis. They have provided accurate and reliable market data and useful recommendations with an aim to help the players gain insight into the overall present and future market scenario.

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The global US Solid Waste Management market size is projected to gain traction on account of the increasing amount of waste generation, further attributed to the contributions of the residential, commercial, and industrial sectors. Solid waste majorly includes waste plastic products, organic matter, and metal and glass products. As per a recent report by Fortune Business Insights, the market is anticipated to reach USD 366.52 billion by the end of 2027 from USD 285.16 billion earned in 2019. The forecast period is set between 2020 to 2027, and the market is likely to exhibit a CAGR of 3.3%.

This research contains in-depth information on emerging trends, market drivers, development opportunities, and market restraints that have the potential to affect the dynamics of the market. The study assesses the market size of the industry and examines the key international players’ approach trends. The research also assesses the market’s size in terms of revenue during the predicted period. All data numbers, such as percentage share splits and breakdowns, are derived from secondary sources and double-checked with primary sources. To examine the industry’s primary influencing variables and entry obstacles, the report conducted Porter’s five forces analysis, SWOT analysis, regulatory landscape, and prominent buyers.

Key Players in the US Solid Waste Management Market Report:

Companies covered in the US Solid Waste Management market are TANA Oy, ALBA Group, Stericycle Inc., Remondis AG & Co. Kg, Covanta Holdings Corporation, Biffa PLC, SUEZ Group, Envac Group, Recology, Advanced Disposal Services, Inc., Republic Services Inc., Hitachi Zosen Corporation, Clean Harbors Inc., Veolia Environment S.A., Waste Management Inc and more players profiled

Most Important Features in this Report:

1. Detailed market study of the US Solid Waste Management market
2. Changing industry competitive landscape
3. Detailed competitive categorization
4. Historical, current, and forecast market size in quantity and value
5. Recent industry trends and developments
6. The US Solid Waste Management Market’s Competitive Landscape Key Players’ Strategies and Product Portfolio
7. Segments/Regions Showing Promising Growth a Neutral Perspective on the Performance

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Regional Segmentation of the US Solid Waste Management Market:

The US Solid Waste Management research examines the market size, sales, segmentation, and a complete examination of geographies, with a focus on the industry’s top suppliers. Similarly, the study employs a cutting-edge research technique to provide data on market trends in a number of key sectors of the industry. The research study also examines the market size and volume at the global and local levels. Following is the Regional Segmentation:

» North America
» Europe
» China
» Asia-Pacific
» Japan

The report studies the US Solid Waste Management Market by assessing the market chain, current policies, and regulations, as well as manufacturers, their manufacturing chain, cost structures, and contribution to the industry. The regional market for the Market is examined by analyzing the price of the products in the region in relation to the profit generated.

Marketing Statistics:

The Global US Solid Waste Management Market Report estimates upfront data and statistics that make the report a very valuable guide for individuals dealing with advertising, advisors, and industry decision-making processes in the Market. This report provides essential data from the industries to guide new entrants in the global Market.

Market Dynamics:

The report shows details related to the most dominant players in the global US Solid Waste Management Market, along with contact details, sales, and accurate figures for the worldwide market. Various data and detailed analyses collected from various trusted institutions of the global market are presented in the Research Report.

Table of Content – Analysis of Key Points Analysis:

Chapter 1. Executive Summary
Chapter 2. Global Market Definition and Scope
Chapter 3. Global Market Dynamics
Chapter 4. Global US Solid Waste Management Market Industry Analysis
Chapter 5. Market by Type
Chapter 6. Market by Application
Chapter 7. Market Regional Analysis
Chapter 8. Competitive Intelligence
Chapter 9. Key Companies Analysis
Chapter 10. Research Process

Continued…

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Email: sales@fortunebusinessinsights.com 

Automotive Tapes Market Revenue In US| Automotive Tapes Industry Future Growth, Trends and Top Key Players

The global automotive tapes market size projected to reach USD 6.40 billion. The increasing applications of the product will fuel it demand across diverse industries. According to a report published by Fortune Business Insights, titled “Automotive Tapes Market Size, Share and Global Trend by Type (Specialty, Double-sided, Masking, Others), By Function (Bonding, Masking, Noise, vibration, and harshness {NVH}, Others), By Application (Interior, Exterior, Wire Harnessing, Others) and Geography Forecast till 2026,” the market was worth USD 5.17 billion in 2018 and will exhibit a CAGR of 3.16% during the forecast period, 2019-2026.

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Russia-Ukraine War Implication

The Russia-Ukraine war could change the Automotive Tapes Market dynamics of Europe forever. The standoff has revived the predicament situation of the Cold War and pushed Europe to the brink of a major military conflict. The Russian aggression in Ukraine has redefined the global landscape in terms of business. As the global Automotive Tapes Market was recuperating from the havoc wreaked by the COVID-19 pandemic, the Russia-Ukraine war has made several industry stakeholders skeptical.

The European Union is pushing for more sanctions against Russia, including halting imports of nuclear fuel from Russia and excluding Russia’s top lenders from the SWIFT banking system. Moreover, Russia has also imposed similar sanctions on most EU countries. The war crisis and sanctions have put a strain on global investment, trade, and economic activity.

Automotive tapes are widely used across the automotive industry. The increasing emphasis on development of sustainable and durable tapes has derived huge investments from manufacturers across the world. This has caught the eye of companies from other industries, as well, and has encouraged them to deviate from their core strategies and invest in automotive tapes. The increasing emphasis on product R&D has yielded a few exceptional products in recent years and has attracted attention from consumers from consumers across the world. Variations in product offerings have allowed widespread applications, subsequently aiding the growth of the market. The healthy market competition has encouraged competitors to adopt newer strategies. Altogether, these factors will have a positive impact on the growth of the market in the coming years.

Increasing Number of Company Mergers Will Aid Market Growth

The report encompasses several factors that have contributed to the growth of the market in recent years. Among all factors, the increasing company mergers and collaborations have made a massive impact on the growth of the market. In August 2019, Bostik announced that it plans to acquire Prochimir. Through this acquisition, the company plans to expand its thermos-bonding solutions. Considering the massive global reach of both of these companies, the collaboration will have a huge impact, not just on their businesses, but also on the global market. The report includes a few of the major company collaborations of recent times and gauges their impact on the growth of the market.

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Asia Pacific to Emerge Dominant; Increasing Disposable Income in Major Countries to Aid Growth

The report analyzes the ongoing automotive tapes market trends across North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among these regions, the market in Asia Pacific currently holds the largest market share. The increasing disposable income in emerging countries such as India and China will emerge in favor of market growth. Besides Asia Pacific, the market in North America will also witness considerable growth. As of 2018, the market in North America was worth USD 726.99 million and this value is projected to increase further in the coming years.

Some of the leading companies that are operating in the global automotive tapes market are:

  • Tesa SE
  • 3M Company
  • Arkema S.A.
  • Nitto Denko Corporation
  • Avery Dennison Corporation
  • Sika AG
  • Saint-Gobain
  • LINTEC Corporation
  • Scapa
  • Henkel AG
  • Others

Industry Developments:

August2019 - Toray Advanced Composites signed an agreement with BASF SE for manufacturing and supply of continuous fibre-reinforced thermoplastic (CFRT) tapes.

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Tuesday, October 4, 2022

Oil Hose Market Research with Key Success Factors, Growth Trends and Forecast 2022-2029

 According to Fortune Business Insights™ The increasing demand for oil and petroleum is expected to foster healthy growth of the oil hose market, states Fortune Business Insights, in a report, The entire world is fighting with the COVID-19 pandemic, which has severely disrupted trades across the globe. The authorities of several countries have initiated lockdown to prevent the spread of this deadly virus. Such plans have caused disturbances in the production and supply chain. But, with time and resolution, we will be able to combat this stern time and get back to normality. Our well-revised reports will help companies to receive in-depth information about the present scenario of every market so that you can adopt the necessary strategies accordingly.

The oil hose market accentuates a profound study of the industry, while shedding light on vital facts and figures. It also offers insightful data about dominant regions, policies adopted by governments and companies. Besides, providing a brief overview of the market with future insights. The report also encompasses critical factors exhibiting growth. Also, COVID-19 impact is also covered in the report

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Market Driver:

Agreement between Trelleborg Industrial Hoses and Wellcall Holdings to Enable Growth

The increasing collaborations and agreements between key companies can have an excellent effect on the global market. For instance, in January 2019, Trelleborg industrial hoses entered a joint venture with Wellcall Holdings, a Malaysian manufacturer of hoses, to manufacture and sell hoses in the local market and further strengthen its position. The surging demand for oil and petroleum around the world is expected to drive the need for oil hoses. Moreover, the hoses made from different materials depending upon the applications prove to be one of the convenient ways of transportation, which is likely to boost the market. Oil hoses are flexible, and hollow tubes are intended to carry fluids or oils from one point to another. The hoses are cylindrical in shape. PVC, natural rubber, nylon, polyurethane, polyethylene, and metals like steel are used to make hoses. In the oil industry, the hoses used are high-pressure hoses and are employed to move the fluids under high pressure. They are also used to load crude oils and petroleum products from offshore industrial sites to the vessels in storage facilities and vice versa. However, technological advancements in transportation techniques and inclination towards other alternatives can subsequently hamper the market's growth.

Regional Analysis:

Heavy Demand for Oil to Augment Growth in Asia Pacific

Geographically, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Latin America is the largest oil hose market attributed to the largest oil reserves in countries like Venezuela and Brazil. The Middle East and Africa is expected to hold the second-largest share in the global market for oil hose due to the petroleum and oil reserves in countries like Saudi Arabia, Iran, Iraq, Kuwait, and UAE. Asia Pacific is expected to hold the highest share during the forecast period due to the high demand for oil from Asian countries. China ranks second in total oil consumption. North America is expected to exhibit significant growth owing to the growing oil and gas industry. Europe is expected to experience considerable growth due to the increasing exploration activities in the region.

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Key Development

June 2018: Saint Gobain introduced Versilon, a fluoropolymer hose reinforced with steel designed to meet fluid application demand.

The Report Lists the Key Companies in the Global Oil Hose Market:

  • Saint-Gobain Performance Plastics
  • Parker Hannifin
  • Codan Rubber
  • Jinyuan Rubber
  • ContiTech Group
  • Trelleborg Industrial Hos