Market Forecast By Material (Natural Rubber, Nitrile Rubber, PVC, Silicone, Polyurethane, Others (EPDM, UPE)), By Media Type (Water, Oil, Hot Water and Steam, Air and Gas, Food and Beverage, Chemical), By Industry (Automotive, Infrastructure, Oil & Gas, Pharmaceuticals, Food & Beverages, Water & Wastewater, Others) And Competitive Landscape
Product Code: ETC359670 | Publication Date: Aug 2022 | Updated Date: Apr 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
Report Name | Vietnam Industrial Hose Market |
Forecast period | 2025-2031 |
CAGR | 5.2% |
Growing Sector | Oil and Gas |
The Vietnam industrial hose market report thoroughly covers the market by material, by media type, and by industry. The report provides an unbiased and detailed analysis of the on-going market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Vietnam industrial hose market is growing, driven by enflamed demand from a wide range of industries such as automotive, construction, chemicals, oil and gas, food and beverage, and manufacturing. Industrial hoses are crucial for the transportation of fluids, gases, and materials in various applications, and their versatility and durability make them indispensable in heavy-duty environments. The market is also benefiting from advancements in hose technology, with innovations such as high-pressure resistant hoses and those designed for specialized applications, including food-grade and chemical-resistant hoses. The demand for industrial hoses is further supported by the ongoing industrial automation and infrastructure development across the country. However, challenges such as fluctuating raw material prices, supply chain disruptions, and competition from alternative materials may slightly hinder market growth. Despite these challenges, the market is expected to continue expanding as industries increasingly rely on efficient, durable hose systems to meet their operational needs.
According to 6Wresearch, the Vietnam Industrial Hose market size is projected to grow at a CAGR of 5.2% during 2025-2031. The growth of the Vietnam industrial hose market is encouraged by the mounting demand across multiple industries, including construction, automotive, oil and gas, chemicals, and food processing. The expansion of infrastructure projects, coupled with the growing need for fluid transfer systems in manufacturing processes, supports the continuous demand for industrial hoses. Technological advancements, such as the development of high-pressure, heat-resistant, and chemically resistant hoses, are also contributing to market growth by catering to more specialized and demanding applications.
Additionally, the shift towards automation and increased production capacities in various sectors further boosts the need for reliable hose systems. However, challenges such as fluctuating raw material prices, particularly rubber and steel, can impact production costs and pricing strategies. Supply chain disruptions, especially in the wake of global events, pose another challenge, affecting timely delivery and availability of hoses. Furthermore, competition from alternative materials, like plastic and metal, and the increasing preference for long-lasting, maintenance-free hoses may hinder the growth of traditional rubber-based hoses in certain applications.
Key companies in the Vietnam industrial hose market include major players such as Eaton Corporation, Continental AG, Parker Hannifin, and Gates Corporation, which are known for their extensive range of high-quality industrial hoses used in various sectors including automotive, oil and gas, construction, and chemicals. Other notable companies include Goodyear Tire & Rubber Company, which offers a wide selection of durable hoses, and Techfluid, which specializes in high-performance hoses for specialized industries.
Additionally, manufacturers like Flexible Technologies, Kuriyama of America, and Master Hose & Fittings provide competitive offerings, often focusing on niche markets such as food-grade, chemical-resistant, and high-pressure hoses. Additionally, some of these players hold majority of the Vietnam Industrial Hose market share. Moreover, these companies are actively innovating with advanced hose materials, enhancing production capabilities, and expanding their product portfolios to cater to the growing and diverse demands of industries.
Vietnam's industrial hoses and fittings market is experiencing growth, propelled by sectors such as mining, construction, oil and gas, automotive, pharmaceuticals, and food and beverages. The Vietnamese government enforces stringent regulations to ensure product quality and safety, including adherence to standards like TCVN 3890:2009, which mandates regular testing and maintenance of fire hoses. Further, these initiatives have further boosted the Vietnam Industrial Hose market revenues. Additionally, the Ministry of Construction has issued updated fire safety regulations, such as QCVN 06:2022, to enhance safety standards in industrial applications. These regulations aim to protect consumers and ensure that products meet specific industry standards.
The future of Vietnam industrial hose market looks promising, with continued growth driven by increasing demand from key industries such as oil and gas, construction, automotive, and chemicals. Technological advancements, including the development of high-performance, durable hoses that can withstand extreme conditions, and the integration of smart sensors for real-time monitoring, will shape the market. The push for sustainability will likely drive the adoption of eco-friendly and recyclable hose materials, further expanding the market’s reach.
Additionally, as industrial automation and infrastructure projects continue to grow, the need for specialized, reliable industrial hoses will rise, presenting investment opportunities. However, challenges such as fluctuating raw material costs and competition from alternative materials will require companies to innovate and adapt to changing market dynamics. Overall, the market is expected to maintain a steady upward trajectory with significant opportunities in both product innovation and market expansion.
According to Ravi Bhandari, Research Head, 6Wresearch, the nitrile rubber type in the Vietnam industrial hose market is experiencing strong growth due to its superior resistance to oils, fuels, and chemicals, making it ideal for applications in industries such as automotive, oil and gas, and chemicals. Nitrile rubber hoses are increasingly favored for their durability, flexibility, and ability to withstand harsh operating conditions, particularly in environments where exposure to petroleum-based products and other aggressive chemicals is common.
As industrial sectors expand and require more specialized hoses, the demand for nitrile rubber hoses is projected to rise, driven by the need for reliable and high-performance materials. The growing emphasis on high-quality, resistant materials for fluid transfer systems further supports the continued expansion of nitrile rubber in the market. However, competition from other materials like synthetic rubber may influence its growth, though nitrile's unique benefits position it for sustained demand in targeted industries.
The oil and gas industry is a significant driver of growth in the Vietnam industrial hose market, as the sector continues to expand with increased exploration, production, and transportation activities. The demand for specialized hoses capable of withstanding high-pressure conditions, extreme temperatures, and exposure to harsh chemicals is fueling the market, particularly for hoses used in hydraulic fracturing (fracking), offshore drilling, and refinery operations. Industrial hoses are critical for fluid and gas transfer in various stages of oil and gas production, and as energy demand rises, so does the need for reliable, durable hose solutions. The growth of unconventional oil and gas extraction methods, such as shale oil and natural gas drilling, further boosts the requirement for high-performance hoses that can handle the specific challenges of these operations.
The Vietnam Industrial Hose market report provides a detailed analysis of the following market segments -
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Vietnam Industrial Hose Market Overview |
3.1 Vietnam Country Macro Economic Indicators |
3.2 Vietnam Industrial Hose Market Revenues & Volume, 2021 & 2031F |
3.3 Vietnam Industrial Hose Market - Industry Life Cycle |
3.4 Vietnam Industrial Hose Market - Porter's Five Forces |
3.5 Vietnam Industrial Hose Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.6 Vietnam Industrial Hose Market Revenues & Volume Share, By Media Type, 2021 & 2031F |
3.7 Vietnam Industrial Hose Market Revenues & Volume Share, By Industry, 2021 & 2031F |
4 Vietnam Industrial Hose Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Vietnam Industrial Hose Market Trends |
6 Vietnam Industrial Hose Market Segmentations |
6.1 Vietnam Industrial Hose Market, By Material |
6.1.1 Overview and Analysis |
6.1.2 Vietnam Industrial Hose Market Revenues & Volume, By Natural Rubber, 2021-2031F |
6.1.3 Vietnam Industrial Hose Market Revenues & Volume, By Nitrile Rubber, 2021-2031F |
6.1.4 Vietnam Industrial Hose Market Revenues & Volume, By PVC, 2021-2031F |
6.1.5 Vietnam Industrial Hose Market Revenues & Volume, By Silicone, 2021-2031F |
6.1.6 Vietnam Industrial Hose Market Revenues & Volume, By Polyurethane, 2021-2031F |
6.1.7 Vietnam Industrial Hose Market Revenues & Volume, By Others (EPDM, UPE), 2021-2031F |
6.2 Vietnam Industrial Hose Market, By Media Type |
6.2.1 Overview and Analysis |
6.2.2 Vietnam Industrial Hose Market Revenues & Volume, By Water, 2021-2031F |
6.2.3 Vietnam Industrial Hose Market Revenues & Volume, By Oil, 2021-2031F |
6.2.4 Vietnam Industrial Hose Market Revenues & Volume, By Hot Water and Steam, 2021-2031F |
6.2.5 Vietnam Industrial Hose Market Revenues & Volume, By Air and Gas, 2021-2031F |
6.2.6 Vietnam Industrial Hose Market Revenues & Volume, By Food and Beverage, 2021-2031F |
6.2.7 Vietnam Industrial Hose Market Revenues & Volume, By Chemical, 2021-2031F |
6.3 Vietnam Industrial Hose Market, By Industry |
6.3.1 Overview and Analysis |
6.3.2 Vietnam Industrial Hose Market Revenues & Volume, By Automotive, 2021-2031F |
6.3.3 Vietnam Industrial Hose Market Revenues & Volume, By Infrastructure, 2021-2031F |
6.3.4 Vietnam Industrial Hose Market Revenues & Volume, By Oil & Gas, 2021-2031F |
6.3.5 Vietnam Industrial Hose Market Revenues & Volume, By Pharmaceuticals, 2021-2031F |
6.3.6 Vietnam Industrial Hose Market Revenues & Volume, By Food & Beverages, 2021-2031F |
6.3.7 Vietnam Industrial Hose Market Revenues & Volume, By Water & Wastewater, 2021-2031F |
7 Vietnam Industrial Hose Market Import-Export Trade Statistics |
7.1 Vietnam Industrial Hose Market Export to Major Countries |
7.2 Vietnam Industrial Hose Market Imports from Major Countries |
8 Vietnam Industrial Hose Market Key Performance Indicators |
9 Vietnam Industrial Hose Market - Opportunity Assessment |
9.1 Vietnam Industrial Hose Market Opportunity Assessment, By Material, 2021 & 2031F |
9.2 Vietnam Industrial Hose Market Opportunity Assessment, By Media Type, 2021 & 2031F |
9.3 Vietnam Industrial Hose Market Opportunity Assessment, By Industry, 2021 & 2031F |
10 Vietnam Industrial Hose Market - Competitive Landscape |
10.1 Vietnam Industrial Hose Market Revenue Share, By Companies, 2024 |
10.2 Vietnam Industrial Hose Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |