Global Metal Expansion Joints Market 2016-2020

This industry research report identifies Bikar, EagleBurgmann, FlexEJ, Garlock, and Macoga as the key vendors in the global metal expansion joints market. This industry research report also presents a competitive analysis of the market by end-users (oil and gas, chemical, power, water and wastewater treatment, and others) and by geography (the Americas, APAC, and EMEA).

Overview of the global metal expansion joints market

Market research analysts at Technavio have predicted that the global metal expansion joints market will grow impressively during the predicted period and will post a CAGR of almost 10% by 2020. This market research analysis identifies the use of multi-ply bellows as one of the primary growth factors for this market. Multi-ply bellows consists of tubes arranged in a telescope model before being subjected to the forming process. These tubes are closely placed so that the convolutions that are formed possess appropriate hoop strength. Since the convolute bends independently when the bellows are subjected to movement, the stress developed in the thinner layers of the bellows is much lower. Additional advantages such as high-pressure capacity, low maintenance cost, and reduced chances of sudden failure will account for the increase in demand for multi-ply metal bellows.

Elastomer bellows are mainly used in HVAC installations and owing to their benefits, such as lateral and axial expansion compensations, high tolerance to installation, and noise reduction, they will soon find significance in several applications including petrochemical and shipbuilding industries.

Competitive landscape and key vendors

The market is marked by the presence of several international players who offer a wide range of products and services to meet the demands of end-users. The market, especially in the developing nations, is also characterized by the presence of several regional metal expansion joint manufacturers and as a result appears to be fragmented. As international vendors are increasing their market presence, the regional or local expansion joint manufacturers are finding it difficult to compete with them in terms of product portfolio, enhanced quality, and product features. With the increase in product extensions and technological innovations, the competitive environment in the market is expected to intensify in the next four years.

The leading vendors in the market are -

• Bikar
• EagleBurgmann
• FlexEJ
• Garlock
• Macoga

The other prominent vendors in the market are American BOA, Metraflex, NicoForm, Triad Bellows, and US Bellows.

Segmentation by end-user and analysis of the metal expansion joints market

• Oil and gas
• Chemical
• Power
• Water and wastewater treatment

The oil and gas market segment accounted for almost 31% of the total market shares and dominated this market during 2015. Pipelines are one of the safest and most cost-effective means of transporting crude oil and refined products from the extraction site to refineries or storage facilities and is one of the main consumers of metal expansion joints such as metallic bellows. The estimated growth of the global pipeline network, E&P activities, and refinery sectors will drive the demand for metal expansion joints from this market segment in the coming years.

Geographical segmentation and analysis of the metal expansion joints market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geography, APAC will be the major revenue contributor to the market throughout the forecast period and will account for almost 52% shares of the global metal expansion joints market by 2020. The constant increase in urban population will increase the demand for sustainable energy, fresh water, and agricultural and processed food products, which will subsequently lead to the growth of the oil and gas, pharmaceuticals, and water and wastewater treatment industries, fueling the demand for flexible expansion joints from this region.

Key questions answered in the report include

• What will the market size, market forecast and the growth rate be global metal expansion joints market in 2020?
• What are the key factors driving the global metal expansion joints market?
• What are the key market trends impacting the growth of the global metal expansion joints market?
• What are the challenges to market growth global metal expansion joints market?
• Who are the key vendors in the global metal expansion joints market?
• What are the market opportunities and threats faced by the vendors in the global metal expansion joints market?
• Trending factors influencing the market shares of the global metal expansion joints market in Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global metal expansion joints market?

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