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 pipelines 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 pipelines.
They added that 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.
Adapted from press release by Anna Nicklin
Read the article online at: https://www.worldpipelines.com/business-news/15082016/research-and-markets-release-new-pipeline-report/