Expansion Joints Market: Introduction
Expansion joints can be defined as an assembly which is designed to grip the parts together while absorbing temperature-induced contraction and expansion safely. It is generally used for the contraction of the building materials, between the sections of bridges, piping systems, ships, railway tracks, sidewalks etc.
Seasonal variation lead to cooling and warming which simultaneously lead to expansion and contraction in the piping system, concrete slabs and building faces. This help the particular structure to allow enough vertical movement to permit bearing replacement, absorb the moisture and heat.
Expansion Joints Market: Dynamics
The extreme hot and cold weather conditions leads to expansion and contraction of the structures such as concrete structures in commercial buildings, roadways, bridges, railway tracks, sidewalks, piping system used in oil & gas, petrochemical industries. Therefore, the need for expansion joint come in use which helps these structures to endure stresses. This factor will lead the market for expansion joints.
Growing travel and traffic from railways withstands to continue as a preliminary cause which will lead the market for expansion joints through the forecast period. With the demand from end user and customer of light weight components and materials, the manufacturers are focusing on more ways to make the product more light weight and reliable. Therefore, the growing need of lightweight equipment’s are anticipated to drive the market for expansion joints.
Protruding construction industry due to increasing urbanization has witnessed al linear growth. This factor will generate a requirement for the heavy machinery and equipment which will lead to the increase in the expansion joints in the market.
Mixing of innovative features is being preferred by the original equipment manufacturers to have high compatibility and excellent strength-to-weight ratio with high conductivity. This factor has led to the manufacturing of more expansion joints which will drive the market for the same.
Expansion Joints Market: Segmentation
The segmentation of expansion joints market can be done by product type, application, end use, and material type.
By product type, the market for expansion joints can be segmented as:
By application, the market for expansion joints can be segmented as:
By end use, the market for expansion joints can be segmented as:
By material type, the market for expansion joints can be segmented as:
Expansion Joints Market: Regional Overview
Owing to an important indicator of the development, i.e. construction industry is a significant sector as it creates opportunities for investment across various end use sectors in the market. The construction sector which include construction of concrete structures, building structures etc., will see a rise in the usage of expansion joints. Growing construction industry in Asia Pacific region to increase the delivery numbers of the expansion joints. The change in the demographics and rise in the income in the region is also one of the major factor which is pouring the demand for more construction, travel, resulting in the demand for new expansion joints in the region.
The increasing adoption of the travels through roadways and railways in North America and Europe region is anticipated to see a reasonably marvelous adoption of expansion joints through the forecast period. Expansion joints market is estimated to see a noteworthy growth over the forecast period globally. On a version of the rising economy of middle class and entrance of low-cost manufacturers from China, specifically Asia Pacific region, is anticipated to rise as the fastest rising region through the forecast period. This will lead to usage of more air travels, more automotive vehicle usage which will in turn lead to the demand of Expansion Joints.
Middle East region to see a rising adoption of expansion joints due to rise in the oil and gas and petrochemical market.
Expansion Joints Market: Market Participants
Examples of few of the key participants in the global expansion joints market are identified across the value chain which include:
The research report on Expansion Joints market presents a comprehensive assessment of the market and contain thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. The Expansion Joints market report also contains projections using a suitable set of assumptions and methodologies. The research report on Expansion Joints market provides analysis and information according to market segments such as aircraft type, application, material and sales channel.
The Expansion Joints Market report covers exhaustive analysis on:
Regional analysis includes:
The Expansion Joints market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The Expansion Joints market report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The Expansion Joints market report also maps the qualitative impact of various market factors on market segments and geographies.