Market Overview:
The global expansion joint market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for expansion joints in various end-use industries, such as petrochemical industry, power generation industry, heavy industry, and others. In addition, the growing infrastructure development activities across the globe are also fueling the demand for expansion joints.
Product Definition:
An expansion joint is a device used to allow two parts of a construction, usually metal plates, to move independently without breaking the seal between them. Expansion joints are important in construction because they prevent the build-up of stress that can cause materials to break or crumble.
Axial Expansion Joints:
Axial expansion joints are used in various industries such as construction, manufacturing and oil & gas. They are also known as radial or axial flow joints. Axial expansion joint is a type of mechanical sealant that is made up of synthetic rubber and polyester fiber. It has high resistance to chemicals, heat and fluids which makes it ideal for harsh environments thus increasing its market demand over the forecast period.
Angular Expansion Joints:
Expansion joints are used in construction to provide a means for the temporary connection of two or more structures. They are widely used in building expansion applications such as adding rooms, bathrooms, and kitchens. The primary function of an expansion joint is to allow the connecting elements to move freely without any restrictions due to cold welded connections or stress corrosion cracking in extended service periods.
The global market size was valued at USD 1.6 billion in 2016.
Application Insights:
Petrochemical industry was the largest application segment in 2017 and is projected to witness significant growth over the forecast period. Growing demand for chemical products across various industries including plastics, paints & coatings, adhesives & sealants, etc. is expected to drive product demand in this application segment over the next eight years.
Angular expansion joints are used extensively in heavy industrial applications such as foundry and cement production plants owing to their low cost and easy installation characteristics.
Regional Analysis:
Asia Pacific dominated the global expansion joint market in 2016 and is expected to continue its dominance over the forecast period. The presence of major petrochemical players such as Sinopec and Chevron in China has resulted in increased demand for expansion joints from this region. Asia Pacific is also a hub for heavy industry, which drives product demand from countries such as Japan, India, South Korea, Taiwan among others.
The Middle East & Africa region is anticipated to grow at a significant rate over the forecast period owing to increasing oil & gas E&P activities mainly in Saudi Arabia and UAE coupled with rising power generation activities primarily based on fossil fuels such as coal and crude oil across Egypt, Nigeria among others are expected to drive growth over the next eight years.
Growth Factors:
- Increasing demand from construction and infrastructure sectors
- Growing popularity of expansion joints in seismic zones
- Rising awareness about the benefits of expansion joints among consumers
- Technological advancements in the manufacturing of expansion joints
- Stringent government regulations for safety and security
Scope Of The Report
Report Attributes
Report Details
Report Title
Expansion Joint Market Research Report
By Type
Axial Expansion Joints, Angular Expansion Joints, Lateral Expansion Joints, Universal Expansion Joints
By Application
Petrochemical Industry, Power Generation Industry, Heavy Industry, Other
By Companies
Witzenmann, BOA Group, Unaflex, Senior Flexonics Pathway, Flexider, Tofle, U.S. Bellows, Macoga, EagleBurgmann, Technoflex, Weldmac, Aerosun, Beijing Hangtian Taizhou Bellows, Baishun, Liaoning Tian'an Containers, Shandong Hnegtong Expansion Joint Manufacturing, Jinlong Machinery, Runda Pipeline, Jiangsu Zixu Corrugated Pipe, Jiangsu Yaguang Bellows
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Expansion Joint Market Report Segments:
The global Expansion Joint market is segmented on the basis of:
Types
Axial Expansion Joints, Angular Expansion Joints, Lateral Expansion Joints, Universal Expansion Joints
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Petrochemical Industry, Power Generation Industry, Heavy Industry, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Witzenmann
- BOA Group
- Unaflex
- Senior Flexonics Pathway
- Flexider
- Tofle
- U.S. Bellows
- Macoga
- EagleBurgmann
- Technoflex
- Weldmac
- Aerosun
- Beijing Hangtian Taizhou Bellows
- Baishun
- Liaoning Tian'an Containers
- Shandong Hnegtong Expansion Joint Manufacturing
- Jinlong Machinery
- Runda Pipeline
- Jiangsu Zixu Corrugated Pipe
- Jiangsu Yaguang Bellows
Highlights of The Expansion Joint Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Axial Expansion Joints
- Angular Expansion Joints
- Lateral Expansion Joints
- Universal Expansion Joints
- By Application:
- Petrochemical Industry
- Power Generation Industry
- Heavy Industry
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Expansion Joint Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An expansion joint is a type of joint that allows two pieces of metal to move relative to each other. Expansion joints are used in construction, manufacturing, and transportation.
Some of the major players in the expansion joint market are Witzenmann, BOA Group, Unaflex, Senior Flexonics Pathway, Flexider, Tofle, U.S. Bellows, Macoga, EagleBurgmann, Technoflex, Weldmac, Aerosun, Beijing Hangtian Taizhou Bellows, Baishun, Liaoning Tian'an Containers, Shandong Hnegtong Expansion Joint Manufacturing, Jinlong Machinery, Runda Pipeline, Jiangsu Zixu Corrugated Pipe, Jiangsu Yaguang Bellows.
The expansion joint market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Expansion Joint Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Expansion Joint Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Expansion Joint Market - Supply Chain
4.5. Global Expansion Joint Market Forecast
4.5.1. Expansion Joint Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Expansion Joint Market Size (000 Units) and Y-o-Y Growth
4.5.3. Expansion Joint Market Absolute $ Opportunity
5. Global Expansion Joint Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Expansion Joint Market Size and Volume Forecast by Type
5.3.1. Axial Expansion Joints
5.3.2. Angular Expansion Joints
5.3.3. Lateral Expansion Joints
5.3.4. Universal Expansion Joints
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Expansion Joint Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Expansion Joint Market Size and Volume Forecast by Application
6.3.1. Petrochemical Industry
6.3.2. Power Generation Industry
6.3.3. Heavy Industry
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Expansion Joint Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Expansion Joint Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Expansion Joint Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Expansion Joint Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Expansion Joint Demand Share Forecast, 2019-2026
9. North America Expansion Joint Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Expansion Joint Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Expansion Joint Market Size and Volume Forecast by Application
9.4.1. Petrochemical Industry
9.4.2. Power Generation Industry
9.4.3. Heavy Industry
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Expansion Joint Market Size and Volume Forecast by Type
9.7.1. Axial Expansion Joints
9.7.2. Angular Expansion Joints
9.7.3. Lateral Expansion Joints
9.7.4. Universal Expansion Joints
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Expansion Joint Demand Share Forecast, 2019-2026
10. Latin America Expansion Joint Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Expansion Joint Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Expansion Joint Market Size and Volume Forecast by Application
10.4.1. Petrochemical Industry
10.4.2. Power Generation Industry
10.4.3. Heavy Industry
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Expansion Joint Market Size and Volume Forecast by Type
10.7.1. Axial Expansion Joints
10.7.2. Angular Expansion Joints
10.7.3. Lateral Expansion Joints
10.7.4. Universal Expansion Joints
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Expansion Joint Demand Share Forecast, 2019-2026
11. Europe Expansion Joint Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Expansion Joint Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Expansion Joint Market Size and Volume Forecast by Application
11.4.1. Petrochemical Industry
11.4.2. Power Generation Industry
11.4.3. Heavy Industry
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Expansion Joint Market Size and Volume Forecast by Type
11.7.1. Axial Expansion Joints
11.7.2. Angular Expansion Joints
11.7.3. Lateral Expansion Joints
11.7.4. Universal Expansion Joints
11.8. Basis Point Share (BPS) Analysis by Typ
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Expansion Joint Demand Share, 2019-2026
12. Asia Pacific Expansion Joint Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Expansion Joint Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Expansion Joint Market Size and Volume Forecast by Application
12.4.1. Petrochemical Industry
12.4.2. Power Generation Industry
12.4.3. Heavy Industry
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Expansion Joint Market Size and Volume Forecast by Type
12.7.1. Axial Expansion Joints
12.7.2. Angular Expansion Joints
12.7.3. Lateral Expansion Joints
12.7.4. Universal Expansion Joints
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Expansion Joint Demand Share, 2019-2026
13. Middle East & Africa Expansion Joint Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Expansion Joint Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Expansion Joint Market Size and Volume Forecast by Application
13.4.1. Petrochemical Industry
13.4.2. Power Generation Industry
13.4.3. Heavy Industry
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Expansion Joint Market Size and Volume Forecast by Type
13.7.1. Axial Expansion Joints
13.7.2. Angular Expansion Joints
13.7.3. Lateral Expansion Joints
13.7.4. Universal Expansion Joints
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Expansion Joint Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Expansion Joint Market: Market Share Analysis
14.2. Expansion Joint Distributors and Customers
14.3. Expansion Joint Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Witzenmann
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. BOA Group
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Unaflex
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Senior Flexonics Pathway
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Flexider
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Tofle
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. U.S. Bellows
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Macoga
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. EagleBurgmann
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Technoflex
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Weldmac
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Aerosun
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Beijing Hangtian Taizhou Bellows
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Baishun
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Liaoning Tian'an Containers
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Shandong Hnegtong Expansion Joint Manufacturing
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Jinlong Machinery
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Runda Pipeline
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Jiangsu Zixu Corrugated Pipe
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Jiangsu Yaguang Bellows
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
