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Flame Arrestor Market Research Report and Growth Analysis 2022 by Type (In-Line and End-Of-Line), Application (Storage Tank, Pipeline, Incinerator, Ventilation System and others), End-User (Chemical, Oil & Gas, Metals & Mining, Pharmaceutical, Waste-To-Energy Plant and others) and Region (North America, Europe, Asia-Pacific and Rest of the World) – Forecast till 2030
In addition, the flame arrestor market is expected to increase at a CAGR of 5.59%, with a value of USD 12.63 billion over the projected the year 2022-2030. There are devices called “flame arrestors” that allow gases to flow through but prohibit a flame from igniting and creating a huge fire hazard. Flammable liquids like oil and gas are transported via pipes where flame arresters are used.
As shale gas and tight oil production rise, government laws on worker safety tighten, and the need for flame protection in big storage tanks, pipelines, and ventilation systems grows. So does the worldwide market for flame arrestors. However, growth may be impeded by the lack of government oversight in developing nations when it comes to industrial safety monitoring. Manufacturers are likely to benefit from the fast expansion of the manufacturing industry in the Asia-Pacific region.
Key Players
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As a result of the COVID-19 epidemic, businesses such as chemicals, electricity generation, petroleum & gas, and others have decreased demand. However, following Q2 2021, the industry’s growth was resurrected. In addition, rigorous federal regulations, especially for sectors such as the chemicals and oil and gas companies, are expected to boost the market for flame arrestors shortly. Shortly, the expansion of the flame arrestors industry is predicted to be curtailed by falling investments due to fluctuating raw oil prices.
Flame Arrestors Market Segmentation
The Global Flame Arrestors Market is categorized based on type, application, end-user, and region. Type is the most important segment, followed by application and end-user.
The in-line category leads the worldwide market for flame retardant devices. – When fitted between piping or vents, in-line flame arresters are reversible devices. In the oil and gas business, they’re employed to restrict the spread of flames, which may generate shock waves if they aren’t properly contained. As a result of this prognosis, the end-of-line sector is expected to grow dramatically. End-of-line flame arresters have one end attached to the tank and the other left free to the atmosphere.
In terms of market share, oil and gas are the most important sector of the industry. A considerable rise in demand is expected in this market over several years. Increasing demand for flame arrestors in the oil and gas sector in North America and Asia-Pacific fuels the market growth for oil and gas flame arrestors.
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Flame Arrestors Market Regional Classification
Because of the ongoing rise in energy consumption, the Asia-Pacific area has numerous initiatives in the oil and gas, petrochemical, power generating, and mining industries that promote it as the biggest market for flame arrestors internationally. Nearly every one of these countries is a developing country with a rising need for energy and medicines. Examples of these countries include those in the area like China and India. Due to the expanding energy demand, numerous investments in different businesses using flame arrestors have been attracted to the Asia-Pacific area.
Table Of Contents
2.1. Market Definition
2.2. Scope Of The Study
2.2.1. Definition
2.2.2. Research Objective
2.2.3. Assumptions
2.2.4. Limitations
2.3. Research Process
2.3.1. Primary Research
2.3.2. Secondary Research
2.4. Market Size Estimation
2.5. Forecast Model…Continued
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Industry News
The EPA and the European Commission implemented a new flame retardant system for the oil and gas industry in June 2018. The South Korean government, OSHA, and the National Fire Protection Association, a gas protection program for different businesses, was first implemented in November 2011 before becoming mandatory in November 2012.
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