The global metal expansion joint market is forecast to grow at a CAGR of 9.81% during the period 2016-2020.
Commenting on the report, an analyst from the research 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.
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?