May 06, 2020
As per the report titled ‘Global Flame Arrestors Market Size study, by Type (In-line, End-of-line) By Application (Storage Tank, Pipeline, Incinerator, Ventilation System, Others) By End-user( Oil & Gas, Chemical, Metals & Mining, Pharmaceutical, Waste-to-energy Plant, Others) and Regional Forecasts 2019-2026’, available with Market Study Report LLC, global flame arrestors market was worth USD 712.9 million in 2018 and is estimated to grow with a CAGR of 5.3% during 2019-2026.
A flame arrester is used to stop fuel combustion by eradicating the flame. It absorbs heat from flame traveling at sub-sonic speeds and reduces the temperature to its auto ignition level, hence finding application across various industries including chemical, pharmaceutical, and transportation.
Implementation of stringent safety standards and directives in industries, coupled with increasing shale gas and tight oil activities are driving the growth of global flame arrestors market. Moreover, expansion of manufacturing sector in developing nations is expected to present new growth opportunities in the coming future. However, lack of strict monitoring with regards to industrial safety in emerging economies will hinder the market growth during the forecast period.
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As per the type, flame arrestors market is categorized into end-of-line and in-line. While based on application spectrum, the market is divided into ventilation system, incinerator, pipeline, storage tank and others. Elaborating on the end-user scope, the industry is classified into waste-to-energy plant, pharmaceutical, metals & mining, chemical, and oil & gas.
As per the regional analysis, global flame arrestors market is split into North America, Asia Pacific, Europe, Latin America and Rest of the World. Flame arrestors market in Asia-Pacific is anticipated to show robust growth over the forecast timeline, owing to increasing investments for the expansion of refineries and chemical industries along with rising number of oil exploration activities in the region.
Key players operating in global flame arrestors market include Braunschweiger Flammenfilter, Emerson, Morrison Bros. Co., Elmac Technologies, Groth Corporation, Tornado Combustion Technologies, Protectoseal, Westech Industrial, BS&B Safety Systems, and Ergil.