Non-metallic Expansion Joints Market was valued at USD 1.5 Billion in 2022 and is projected to reach USD 2.3 Billion by 2030, growing at a CAGR of 6.0% from 2024 to 2030.
The non-metallic expansion joints market was valued at approximately USD 2.5 billion in 2022. This segment is expected to grow at a compound annual growth rate (CAGR) of 5.8% from 2023 to 2030. The increase in demand is driven by the need for effective solutions to manage thermal expansion and contraction in piping systems across various industries, including chemical, oil & gas, and water treatment. The growing infrastructure development and industrialization, coupled with advancements in material science, are major contributors to this market growth.
Emerging opportunities within the non-metallic expansion joints market include the expansion into developing regions, where industrial growth is accelerating. Additionally, there is a rising demand for high-performance, durable, and environmentally friendly materials that can withstand extreme conditions. The trend toward upgrading aging infrastructure and the increasing focus on maintenance and safety also present significant opportunities for market expansion. Technological advancements and innovations in non-metallic materials further open up new avenues for growth and application across various sectors.
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PARKER HANNIFIN
MACOGA
FLEXEJ
EagleBurgmann
GARLOCK
Bikar
UNAFLEX
Clyde Bergemann Power Group
Metraflex
Global Flex
RADCOFLEX
URJA
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Non-metallic Expansion Joints Market
Natural gas
Crude oil
Based on Types the Market is categorized into Below types that held the largest Non-metallic Expansion Joints market share In 2023.
Plastic
Rubber
Other
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Non-metallic Expansion Joints Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Non-metallic Expansion Joints Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Non-metallic Expansion Joints Market, By Type
6. Global Non-metallic Expansion Joints Market, By Application
7. Global Non-metallic Expansion Joints Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Non-metallic Expansion Joints Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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