Global Non-metallic Expansion Joints Market 2017-2021

Overview of the global non-metallic expansion joints market

Research analysis on the global non-metallic expansion joints market identifies the operational efficiency of the non-metallic expansion joints as one of the major factors that will have a positive impact on the growth of the market. Non-metallic expansion joints can take up movements in different directions simultaneously unlike metallic expansion joints that are fundamentally inflexible. This makes them appropriate for plant design and building. They are non-reactive and easy to transport and install. Moreover, these non-metallic expansion joints can also be installed in places where space is a concern. The advantages associated with non-metallic expansion joints make them an ideal choice in several industries. Technavio's market research analysts predict that this market will post a revenue of more than USD 11 billion by 2021.

The increasing utilization of combined cycle gas turbines (CCGT) is one of the latest trends that will gain traction in the non-metallic expansion joints market. Gas turbines are engines that can convert natural gas or any other form of fuel energy into mechanical energy to generate electricity for daily operational activities of a power plant.  CCGT is a range of heat engines that work together using the same heat source and converting it into mechanical energy, which drives the generators of a power plant. The waste heat of the first engine is utilized by the next in the series ensuring maximum utilization of resources and rising the net efficiency of the cycle. Numerous new gas power plants in Europe and North America operate on CCGT. The upcoming power generation plants are likely to lead to more natural gas production which increases the need for the expansion of natural gas pipeline system. This in turn, will account for the growth of the non-metallic expansion joints market in the forthcoming years.

Competitive landscape and key vendors