 of 3.4% during 2023-2028.){kind=link}
IMARC Group has recently released a new research study titled “Metal Expansion Joints Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the metal expansion joints market growth drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.
How big is the metal expansion joints market?
The global metal expansion joints market size reached US$ 961 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,187 Million by 2028, exhibiting a growth rate (CAGR) of 3.4% during 2023-2028.
What are metal expansion joints?
Metal expansion joints represent instruments that contain one or more metal bellows designed to hold parts together and safely absorb temperature-induced expansion and contraction of building materials. They are commonly available in several product types, including lateral, axial, angular, Universal, etc. These metal expansion joints compensate for movements caused by pressure deformations, rotating machinery, and misalignment during installation or building settlements. They reduce stress in pipe systems and pipe loads at connections of sensitive equipment, such as steam turbines and pumps.
Metal expansion joints provide improved shelf life by decreasing the risk of downtime for additional maintenance and repair. Consequently, they find extensive applications across numerous sectors, including food and beverage (F&B), chemical, pharmaceuticals, power, water treatment, etc.
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What are the trends in the metal expansion joints industry?
The increasing usage of low-pressure bellows to sustain high temperatures and pressures and the growing adoption of pipeline infrastructures in various industries are among the key factors driving the metal expansion joints market.
Additionally, the inflating need for these instruments in the petrochemical industry is acting as another significant growth-inducing factor. Besides this, the rising integration of metal expansion joints with fire protection piping systems is further propelling the global market. Moreover, extensive investments in R&D activities by key market players to thoroughly study the fluids that pass-through pipelines to meet the requirements of customers in terms of applications and design aspects are also positively influencing the global market.
Apart from this, the introduction of advanced product variants in the power generation industry to effectively connect equipment, pipelines, and other components is expected to propel the metal expansion joints market over the forecasted period.
Who are the manufactures operating in the industry?
Top manufactures Covered in this report:
- BIKAR
- EagleBurgmann Germany GmbH & Co. KG (Freudenberg & Co. KG)
- FlexEJ Ltd.
- Macoga S.A.
- Piping Technology & Products Inc.
- Senior plc
- The Metraflex Company
- Triad Bellows
- Uniflex Inc.
- Weldmac Manufacturing Co.
- Witzenmann GmbH.
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What is included in market segmentation?
The report has segmented the market into the following categories:
Product Type Insights:
- Lateral Expansion Joints
- Axial Expansion Joints
- Angular Expansion Joints
- Universal Expansion Joints
Application Insights:
- Containers and Pipelines
- Heavy Machineries
- Heat Exchangers
- Others
End-User Insights:
- Power Generation Industry
- Petrochemical Industry
- Heavy Industry
- Water Treatment Industry
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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