LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global metal expansion joints market report until 2020. This research report also lists five other prominent vendors that are expected to impact the market during the forecast period.
According to Technavio researchers, the present global economic volatility coupled with rising population has resulted in an unprecedented need for low-cost and efficient supply of energy and sustainable utilization of water. The recent shale gas boom in the US has also provided an impetus to natural gas as the most sought-after low-cost energy source worldwide.
Gaurav Mohindru, a lead analayst at Technavio for research on tools and components, says, “The US shale gas production capacity has improved by more than five times since 2004, accounting for a production of 8.6 Tcf and is likely to reach the 17 trillion mark by 2040. The growth in fracking activities in the country has resulted in the reshaping of the overall industry. The rising shale gas boom in the country will generate extensive demand for pneumatic equipment from the oil and gas industry, leading to increased demand for metal expansion joints in the coming years.”
Competitive vendor landscape
The global metal expansion joint market is marked by the presence of many international players that offer a wide range of products and services to meet the demand of major end-users. Apart from the leading players, the market is fragmented within several regional vendors, especially from the developing nations.
APAC is the leading region that will drive the market for metal expansion joints. The oil and gas, chemical, and water and wastewater treatment industries are the key end-users of expansion joints in the region. These end-users are growing at a faster rate in APAC when compared with other regions like the Americas and EMEA. The presence of many international and local players in APAC offers ample growth potential. Urbanization and demand for low-cost labor have attracted many local and global players in APAC. Local players are finding it difficult to compete with international vendors as they are increasing their market presence with diversified product line-up, enhanced quality, and features. The competitive environment in the global scenario is expected to intensify with increased product extensions and technological innovations.
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Top five metal expansion joints market vendors
Bikar
Bikar is involved in the manufacture of component assemblies and equipment for the airtight joint and fluid management industries. The company offers diverse range of products such as rubber expansion joints, metal expansion joints, fabric expansion joints, dismantling joints, high-temperature airtight joints, and flexible unions.
Bikar offers metal expansion joints for high-pressure fluids. It offers a wide range of products such as BM-SI, BM-SI-TI, BM-UN, BM-UN-TI, BM-GI, BM-GI-DO, and BM-HI.
The end-key markets include oil and gas, petrochemical, energy, and shipyards. The metal expansion joint products are mainly used in these end key markets to absorb movements, tensions, and vibrations in the pipe systems with fluids up to temperatures at 2,192ºF and standard pressure at 100 bar.
EagleBurgmann
EagleBurgmann was founded in 1963 and is headquartered in Vejen, Denmark. The company is engaged in the manufacture of metal, rubber expansion joints, and fabrics. It also offers seals and packaging products.
The company provides fabric expansion joints, metal expansion joints, and high-end metal expansion joints.
EagleBurgmann offers product lines such as the US type expansion joints, UM type expansion joints, AX type expansion joints, DX3S DanOne metal expansion joints, and LA type expansion joints.
FlexEJ
FlexEJ was founded in 2002 and is headquartered in Stourbridge, UK. The company is mainly involved in the manufacturing and distribution of rubber expansion bellows, pressure vessels, metal expansion joints, and HVAC metal joints. The end key markets comprise industrial, refining, power, petrochemical, HVAC, and marine industries.
FlexEJ is a major supplier of high-quality flanged rubber bellows, industrial metal hoses, metal expansion joints, and HVAC fabrication. It designs and distributes rubber and metal expansion joints for piping, air and dirt separators, dosing pots for the industrial, refining, and hose assemblies.
Garlock
Garlock was founded in 1887 and is headquartered in Palmyra, New York, US. The company is involved in the design, manufacturing, and distribution of fluid sealing products, compression packing, hydraulic components such as heavy-duty seals, ring packing, and turbine runner blade packing.
Garlock offers high-performance fluid sealing and pipeline protection products. It serves a wide range of end key markets such as specialty industries comprising refining, petrochemical, food and pharmaceuticals, infrastructure, and mining. It also serves as an OEM provider and supplies engineering and construction contractors.
Macoga
Macoga was founded in 1960 and is headquartered in Ordes, Spain. The company is involved in the designing, manufacturing, and shipping of expansion joints. It offers bellows for jet engines, huge size units for the power generation sector, and HVAC units. It also provides other products such as bellows forming machinery, welding equipment, cutting equipment, surface treatment equipment, and other facilities and equipment.
Macoga offers metal expansion joints in two categories — basic type and specific purpose. The product line-up includes single unrestrained, hinged, gimbal, double hinged, pressure balanced, rectangular, high pressure, jacketed, clamshell, and two-ply testable bellows.
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