About Metal Expansion Joints
Metal expansion joints consist of liner, flanges, cover, collar, control rods, and limit rods. The design of expansion joints is customized as per the area of application and working conditions. The expansion joints are connected to a pipeline with the help of fasteners. The size of bellows differs according to variations in pipeline diameter, length, and type of fluid passing through the pipeline. Therefore, manufacturing of expansion joints requires a thorough study of design aspects and stress analysis through the finite element analysis software. The global metal expansion joint market is dominated by the oil and gas industry due to the presence of large pipeline infrastructure that involves complicated operations.
Technavio’s analysts forecast the global metal expansion joint market to grow at a CAGR of 9.81% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global metal expansion joint market for 2016-2020. To calculate the market size, Technavio considers the revenue generated from the demand for metal expansion joint in the major end-user industries. The revenue earned by manufacturers in terms of maintenance and/or after-sales service has not been considered.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Metal Expansion Joint Market 2016-2020
Technavio recognizes the following companies as the key players in the global metal expansion joint market: Bikar, EagleBurgmann, FlexEJ, Garlock, and Macoga.
Other Prominent Vendors in the market are: Macoga, Metraflex, NiCoForm, Triad Bellows, and US Bellows.
Commenting on the report, an analyst from Technavio’s team said: “The development of low-pressure stainless steel bellows will be a key trend for market growth. The development of low-pressure stainless steel bellows facilitates extreme movement in pipelines. Low-pressure expansion joints reduce the number of pipe guides and support anchors in pipelines. Such new innovations help reduce the number of compensators used in a pipeline network. For example, Triad Bellows developed two models of bellows, Hastelloy X and Inconel 625, for high-temperature applications.”
According to the report, one of the key drivers for market growth will be expansion of pipeline infrastructure. The length of pipelines carrying high-pressure fluids or gases worldwide is estimated to be about 3,500,000 km. This global pipeline network is forecast to expand at the rate of 7% annually during the forecast period. The growing length of pipeline network shows a clear demand for metal expansion joints. The global pipeline network is significantly spread across process industries such as oil and gas and water and wastewater management. This growing network of pipelines adds to the growth of the global metal expansion joint market.
Further, the report states that slowdown in marine industry will be a challenge for the market. With slowdown in the global trade, ship vendors that carry industrial cargos across oceans are affected from the decreasing demand for iron ore, coal, and other industrial products, which has resulted in the sudden plunge in shipping rates. This decline was flattened by the oversupply of ships that was ordered when major economies recovered from the 2009 global recession.
Bikar, EagleBurgmann, FlexEJ, Garlock, Macoga, Macoga, Metraflex, NiCoForm, Triad Bellows, US Bellows.