Market Overview

The global Frac Hose market was valued at USD 1.03 billion in 2022 and expected to grow at a CAGR of 6.7% during the forecast period. Hoses used for fracking are used in hydraulic fracturing (fracking). With major projects utilising up to 5 million US gallons, hydraulic fracturing uses between 1.2 and 3.5 million US gallons (4.5 and 13 Ml) of water per well (19 Ml). Refracturing wells involves using more water, and it may be done multiple times.

The multipurpose hoses used at a fracking site are known as frac hose or fracturing hose. Hydraulic fracturing, also known as ""fracking,"" is the process of cracking up rock formations to liberate oil and natural gas. Water, oil, and hydrochloric acid are among the essential fracturing fluids that must be transported via specialised frac hose assemblies. Oilfield service trucks and tanks that have uses where the right hose can address problems can be a part of fracking fleets.

Fracking hoses are robust lay-flat discharge hoses made of high-pressure polyurethane that are intended for forceful water pumping around mining and drilling sites. The fracturing hose was created to help with mine dewatering since rigid and semi-rigid pipe becomes problematic due to the continual movement of pumps and surface equipment.

This product is completely lay-flat, making it lightweight and simple to handle. It is quick and simple to connect the fracking hose to the deployment system. For simple deployment, the fracking hose is spooled from the packing onto the reelers. Hose can be rolled out along haul routes or down the pit wall using the hose reelers. Instead of taking days, pumping can start right away.

During the COVID-19 epidemic, the Frac Hose sector saw a slump. This is explained by the substantial decline in the industrial, automotive, and construction sectors. Prior to receiving instructions from the government authorities to reopen, manufacturing enterprises continued to shut down all of their operations at their workplaces and manufacturing facilities. In addition, the thermal spray-painting sector saw a considerable decline in production as a result of the drop in labourers due to social distance rules during the COVID-19 pandemic.

The rising demand for water has increased the need for technology and recycling methods for water waste. As consumers learn more about the advantages of wastewater treatment and reuse for secondary purposes, the market will expand. There will be an increase in demand for fracking water treatment as treated water is used as a potential supply for the process.

Over the course of the forecast period, increased drilling activity will propel the expansion of the fracking water treatment market. Large businesses have been persuaded to invest in waste water treatment by increased regulatory engagement to reduce wastewater volume, as this will open up more growth opportunities for the fracturing hose industry.

Report Scope

Impact of COVID

The COVID-19 pandemic has had a significant impact on the Frac Hose market, as it has disrupted global supply chains and caused a decline in demand for oil and gas products. The pandemic has led to a decrease in exploration and drilling activities, which has reduced the demand for frac hoses used in the fracking process.

Moreover, the pandemic has caused a slowdown in the manufacturing industry due to temporary plant closures and workforce reductions, which has affected the production and supply of frac hoses. The travel restrictions and social distancing measures have also affected the transportation and logistics of frac hoses, leading to delays in delivery and increased costs.

However, the market is expected to recover in the post-pandemic period, driven by the increasing demand for oil and gas products and the growing investments in the energy sector. The market players are expected to adopt new strategies to cope with the changing market dynamics and cater to the evolving customer demands. The market is also expected to witness the adoption of new technologies and materials to enhance the durability and performance of frac hoses.

Product Insights

The 150 PSI frac hose segment is expected to hold the largest market share during the forecast period. These hoses are ideal for applications with low pressure, such as transferring water, sand, and frac fluids.

They are cost-effective and provide high flexibility, making them suitable for use in oil and gas exploration activities. Moreover, the increasing demand for cost-effective and efficient equipment is driving the growth of this segment.

The 400 PSI frac hose segment is expected to grow at a significant rate during the forecast period. These hoses are designed to handle high-pressure applications and are suitable for use in hydraulic fracturing operations. With the increasing adoption of hydraulic fracturing for the extraction of unconventional oil and gas resources, the demand for high-pressure frac hoses is expected to increase.

The others segment includes hoses with pressure ratings other than 150 PSI and 400 PSI. This segment is expected to grow at a moderate rate during the forecast period, driven by the increasing demand for customized frac hoses for specific applications.

Overall, the growth of the frac hose market is driven by the increasing demand for oil and gas exploration activities, especially in regions such as North America and the Middle East. The market is also driven by the need for cost-effective and efficient equipment in these activities.

Application Insights

Crude Oil: The crude oil segment includes the usage of frac hoses in oil drilling and exploration activities. These hoses are used for transferring crude oil from drilling sites to storage tanks and further transportation for refining. The increasing demand for crude oil from various industries such as transportation, power generation, and petrochemicals is expected to drive the growth of the crude oil segment in the frac hose market.

Water: The water segment includes the usage of frac hoses in water transfer and irrigation activities. These hoses are used for transferring water from sources such as rivers, lakes, and ponds to various locations for irrigation purposes. The increasing demand for water for agricultural activities and industrial purposes is expected to drive the growth of the water segment in the frac hose market.

Others: The others segment includes the usage of frac hoses in other applications such as chemical transfer, food and beverage processing, and mining activities. The increasing demand for various chemicals and minerals for industrial purposes is expected to drive the growth of the others segment in the frac hose market.

Regional Insights

The Frac Hose Market in North America is expected to dominate the global market in terms of revenue during the forecast period. The presence of a large number of oil and gas exploration activities in countries such as the US and Canada is the major factor driving the growth of the Frac Hose Market in this region.

Following North America, the Asia Pacific region is expected to witness significant growth in the Frac Hose Market. The increasing demand for oil and gas in countries such as China and India is a key factor driving the growth of the market in this region.

Europe is expected to witness steady growth in the Frac Hose Market, with the presence of a few key market players in the region. The market in the Middle East and Africa is expected to witness moderate growth due to the presence of a large number of oil and gas reserves in countries such as Saudi Arabia and Iran.

The Frac Hose Market in South America is also expected to witness steady growth during the forecast period, with the presence of a few key market players in countries such as Brazil and Argentina.

Competitive Analysis

Some of the major companies operating within the market are NOV Rig Technologies, Novaflex, Unisource Manufacturing Inc., ContiTech, Jingbo Petroleum Machinery Co.,Ltd., Texcel, Alfagomma, Jason Industrial, Midwest Hose, Gates Corporation, Seal Fast, Parker Hannifin, Dixon, Nantong Sentian Fire-Fighting Equipment Co.,Ltd, Goodall, Eaton, Luohe Letone Technology Co., Ltd, Nephi Rubber Products, APT American LLC, JGB ENTERPRISES, INC., and others. These players are focusing on product innovation, expansion, and partnerships to strengthen their market position and meet the growing demand for Frac Hose globally.

By Product

·         150 PSI

·         400 PSI

·         Others

By Application

·         Crude oil

·         Water

·         Others

Why to buy this Report?

The report provides quantitative and qualitative aspect for the market in terms of value and volume, along with supporting market trends, challenges, restraints.

The report provides an in depth analysis from both production and consumption point of view at the regional and country level. Key Factors considered within the report scope are Production capacity by countries/regions, average price, consumption ratio, revenue earned and gross margin.

The report provides competitive analysis of around 30-50 companies operated in the market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:

§  Business Model

§  Production Capacity, Revenue, Sales, Gross Margin

§  Key Business Strategy

§  SWOT Analysis

In terms of competitive landscape, the report provides distinctive factors that would help the end user in taking a key decision within the business:

§  Company Share Analysis from 2018-2022

§  Company Analysis by Revenue and Sales

§  Company Production Capacity, Gross Margin

§  Company Share Analysis by Application/End Use

§  Company Share Analysis by Product/Specification

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