August 16, 2023 11:07 ET | Source: Transparency Market Research Transparency Market Research
Albany, New York, UNITED STATES Axial Compensator
Wilmington, Delaware, United States, Aug. 16, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The global metal expansion joints market is projected to flourish at a CAGR of 4.8% from 2023 to 2031. As per the report published by TMR, a valuation of US$ 1.9 billion is anticipated for the market in 2031. As of 2023, the market for metal expansion joints is expected to close at US$ 1.26 billion.
Rapid industrialization and construction projects in emerging economies increase the demand for reliable piping systems, likely to drive the market for metal expansion joints during the forecast period. The growing demand for metal expansion pipes in the chemical & petrochemical industry to accommodate the movement of pipelines and prevent leaks, owing to hazardous chemicals.
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The metal expansion joints market is highly fragmented with the presence of a few market players. The leading players in the market are investing in new product development, mergers, and acquisitions to gain a competitive edge. Transparency Market Research has profiled the following players in its global metal expansion joints market report:
Key players operating in the global landscape are Garlock, Senior Flexonics, BIKAR-METALLE GmbH, Metraflex, AEROSUN-TOLA, Witzenmann GmbH, NiCoForm, EagleBurgmann, Macoga, Gongyi Runda Pipeline, and Triad Bellows.
Key Developments in the Metal Expansion Joints Market
The increasing demand for metal expansion joints in the energy sector, encompassing power generation and oil and gas, for applications such as exhaust systems, steam lines, and flue gas systems. The demand for metal expansion joints is high in manufacturing, transportation, material handling, mining, and mineral processing. The increasing application of metal expansion joints in the energy sector contributes to the growth of the metal expansion joints market,
Key Takeaways from the Market Study
Metal Expansion Joints Market: Key Trends and Opportunistic Frontiers
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Metal Expansion Joints Market – Regional Analysis
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Angle Hinged Bellows Expansion Joint Nikhil Sawlani Transparency Market Research Inc. CORPORATE HEADQUARTER DOWNTOWN, 1000 N. West Street, Suite 1200, Wilmington, Delaware 19801 USA Tel: +1-518-618-1030 USA – Canada Toll Free: 866-552-3453 Website: https://www.transparencymarketresearch.com Blog: https://tmrblog.com