A hose is a flexible hollow tube designed to carry fluids from one location to another. Hoses are also sometimes called pipes (the word pipe usually refers to a rigid tube, whereas a hose is usually a flexible one), or more generally tubing. The shape of a hose is usually cylindrical (having a circular cross section). Hose design is based on a combination of application and performance. Common factors are size, pressure rating, weight, length, straight hose or coilhose, and chemical compatibility. Hoses are made from one or a combination of many different materials. Applications mostly use nylon, polyurethane, polyethylene, PVC, or synthetic or natural rubbers etc.
Development in rubber and plastic technology led to substantial growth of hose pipe and almost all the hose pipe manufactured has components of rubber and plastic. Demand for hose pipe is on rise in almost all the sectors. India has the second largest consumer base in the world. Increased demand for goods has led to mechanization which has promoted the use of all types of machines including hydraulic machineries. The resultant effect on the global market for hydraulic rubber hoses is a CAGR of 4.2% from 2014 to 2022. This market is expected to be valued at US$779.8 mn by the end of 2016 and US$1 bn by 2022. whole you can invest in this project without risk and earn profit.
Few Indian major players are as under
· Bhagawati International Ltd.
· Cosmos India Rubber Works Ltd.
· Finolex Industries Ltd.
· Finolex Plasson Inds. Pvt. Ltd.
· Jain Irrigation Systems Ltd.
· Kimplas Piping Systems Ltd. (1996)
· Minda T G Rubber Pvt. Ltd.