Research and Markets has announced the addition of its ‘Global Metal Expansion Joints Market 2016 - 2020’ report to its offering.
The global metal expansion joint market is forecast to grow at a CAGR of 9.81% during the period of 2016 to 2020.
According to the report, one of the key drivers for market growth will be expansion of pipeline infrastructure. The length of ßÏÀÖÔ° carrying high-pressure fluids or gases worldwide is estimated to be about 3 500 000 km.
The global pipeline network is forecast to expand at a rate of 7% annually during the forecast period (2016 - 2020). The growing length of the pipeline network shows a clear demand for metal expansion joints.
An analyst from the research team commented on the report by saying that the development of low-pressure stainless steel bellows will be a key trend for market growth and facilitates extreme movement in ßÏÀÖÔ°.
They added that low-pressure expansion joints reduce the number of pipe guides and support anchors in ßÏÀÖÔ°. 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.
Adapted from press release by