The specialty hoses market is forecasted to grow at an impressive rate over the next five years to reach an estimated value of US$ 2.3 billion in 2025. The key factors driving the market for specialty hoses are listed below.

• Organic growth of the steel and chemical industries along with expected expansion of the automobile sector.
• Excellent heat- and abrasion-resistant properties of specialty hoses make them a suitable claimant for the conveyance of aggressive chemicals and hot oil products.
• Rapidly expanding industrial sector in the emerging economies is providing new avenues for the players in the specialty hoses market.
• An ongoing transformation of the industrial sector from conventional sources of energy, such as coal to LPG and natural gas, is further likely to boost the demand for specialty hoses.

The supply chain of this market comprises of raw material suppliers, specialty hoses manufacturers, distributors, and end-users. The key players in the specialty hoses market are Eaton Corporation Plc, Parker-Hannifin Corporation, Continental AG, Alfagomma Spa, Polyhose India Pvt. Ltd., The Weir Group Plc, Baili Hose Co., Ltd., Diebolt & Company, Apache Inc., and Newage Industries, Inc. The development of lightweight, flexible, and durable specialty hoses; expansion in untapped and growing markets; and execution of mergers & acquisitions are the key strategies adopted by the major players to gain a competitive edge in the market.