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The natural gas segment driving the growth of the gas connectors and hoses industry with CAGR 7.9% and expected to reach USD 9.8 billion by 2032, due to its wide use in homes, businesses, and industries. It is the preferred energy source for heating, cooking, and hot water systems in homes, which increases the demand for reliable gas connectors and hoses.
In industries, natural gas is essential for power generation, manufacturing, and chemical production, which raises the need for strong, high-pressure gas delivery systems. As a cleaner and cheaper energy option, natural gas is replacing other fossil fuels, increasing its use worldwide. The expansion of natural gas infrastructure, especially in emerging markets, also supports the growth of gas connectors and hoses. Additionally, the rise in outdoor living spaces with gas-powered grills and fire pits further drives the demand for natural gas connectors.
The stainless steel segment is set to grow at a CAGR of over 8.3% from 2024 to 2032, due to their durability, safety, and versatility. Unlike rubber or PVC hoses, stainless steel resists corrosion, abrasion, and wear, making it ideal for long-term use in homes and industries. This resistance reduces the risk of gas leaks, which is crucial for safety, especially in high-pressure or high-temperature environments.
Stainless steel connectors can handle extreme temperatures and high pressure, making them suitable for various uses, from industrial gas systems to commercial kitchens and outdoor appliances. They also resist environmental factors like UV exposure, moisture, and harsh chemicals, making them a top choice for outdoor applications like BBQs, fire pits, and patio heaters. The strength and longevity of stainless steel mean fewer replacements, offering long-term cost savings. Additionally, stainless steel gas connectors meet strict safety standards and regulations, ensuring leak-proof and reliable gas delivery systems, which is critical in commercial and industrial settings.
The U.S. gas connectors and hoses market is projected to surpass USD 5.4 billion in 2032. This growth is due to advanced infrastructure, high industrial demand, and strict safety standards. The U.S. has a well-developed natural gas infrastructure used for heating, cooking, industrial processes, and power generation, which increases the need for reliable gas connectors and hoses. Major U.S. industries like manufacturing, energy, and chemical production depend on natural gas and need strong, high-pressure gas connectors. North America is also a center for innovation, with top manufacturers creating advanced connectors and hoses that meet strict safety rules. This innovation boosts demand in residential, commercial, and industrial sectors.
The trend of outdoor living spaces in the U.S., featuring gas-powered appliances like grills and fire pits, further increases market demand. North America's focus on environmental sustainability, regulatory compliance, and technological advancement makes it a leader in the global market. As natural gas replaces other fossil fuels, North America's strong infrastructure and focus on safe, reliable gas delivery systems ensure its continued market leadership.