PUBLISHER: Market Research Future | PRODUCT CODE: 1866208
PUBLISHER: Market Research Future | PRODUCT CODE: 1866208
The North America Corrugated Metal Flexible Hoses Market reached USD 617.60 million and is expected to expand at a steady CAGR of 4.6% through the end of 2035. Corrugated metal flexible hoses are metal pipes with a wavy, corrugated design that allows for flexibility and vibration absorption while carrying liquids or gases. These hoses are typically found in oil, gas, and chemical processing industries and are the means through which leak-proof and durable fluid transfer is realized even under extreme conditions.
The fast pace of industrial and infrastructure projects, especially in the oil & gas, chemicals, and power sectors, is the primary reason behind the increased demand for corrugated metal flexible hoses. Since their adaptation to severe surroundings results in higher system reliability. Aeroflex Industries' recent capacity expansion and product innovation are the foremost signs of the industry's vibrant reaction to the worldwide demand rise.
Major Company Development
Penflex Corporation made significant progress in 2024, which helped it consolidate its market position. The company introduced in May the Clean ID (CL3) Hose, a product specifically designed for industries requiring extreme precision such as cryogenics and semiconductors. It ensures a contaminant-free environment. In October, Penflex got CRN certification in Alberta, which made the company more efficient in serving Canada's oil and gas market.
Key Report Attributes
Industry Segmentations Growth