The global floating dredging hose market is estimated to grow at a CAGR of nearly 3.4% during the forecast period. Increasing demand for dredging in ports and oil and gas operations is primarily driving the growth of the market. The dependence on oil and gas is increasing as global economies and infrastructure continue to rely heavily on petroleum-based products. As per the US Energy Information Association, in 2018, the US alone consumed an average of 20.5 million barrels of petroleum per day which amounts to around 7.5 billion barrels over the year and approximately 22.0% of total petroleum consumption across the globe. 

This resulted in increased development of the offshore oil and gas industry, which is supporting the demand for floating dredge hoses. In the marine industry, the floating dredging hoses are being used to perform water transfer related application. Floating dredge hose equipment composed of several layers mainly used in the waterway discharge process. The inner discharge hose of the floating dredge is preserved by a floating body, which is laterally protected by a reinforced rubber shell. These hoses are capable to suck and discharge the silt, slurry, sand and stone which gets deposited in the waterway. Mud, clay, fine sand, fine-mid sand, and so on are the suitable matters that can be discharged through the floating dredge hose. 

Floating dredging hoses are mainly used with dredgers for sand/gravels conveyance.  -20? to +50? is the most suitable working temperature for the floating dredge hose. The major characteristics of the floating dredge hose include high resistant against weathering, UV, and ozone. The hose emergence above the water is not less than 20% of the total volume. Owing to these benefits, floating dredge hoses are being significantly used in the industrial verticals, such as oil & gas, marine and infrastructure to discharge desired materials.  

Some key players in the market include Trelleborg AB, ContiTech AG, Parker Hannifin Corp., and Salem Republic Rubber Co. The market players are adopting some crucial strategies to expand market share and gain a competitive advantage. For instance, in January 2019, Trelleborg AB formed a joint venture agreement with Wellcall Holdings Bhd., a Malaysian firm, to manufacture and sell industrial hoses in composite materials. The initiative means Trelleborg can expand its production capacity, reach new markets more quickly, and strengthen its total product portfolio.

Research Methodology

The market study of the global floating dredging hose market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders and industry experts. Primary research brings authenticity in our reports.

Secondary Sources Include:

• Financial reports of companies involved in the market
• Authentic public databases 
• Whitepapers, research-papers, and news blogs
• Company websites and their product catalog

The report provides in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models. 

Market Segmentation:

• Global Floating Dredging Hose Market Research and Analysis, By Application

The Report covers:

• Comprehensive research methodology of the global floating dredging hose market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• Exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global floating dredging hose market.
• Insights about market determinants which are stimulating the global floating dredging hose market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of market players.