Flame Arrestors Market 2023 Trend, Size and Growth Analysis Report
The flame arrestors market is projected to grow from an estimated US$ 713.8 Million in 2018 to US$ 924.7 Million by 2023, at a CAGR of 5.31%.The stringent safety norms and regulations in industries and growth of shale gas and tight oil activities are driving the market across the world. Lack of government monitoring of industrial safety in emerging economies is a major restraint for the market.
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The Asia Pacific is the largest market for flame arrestors. Large investments in refinery expansions and the petrochemical industry are driving the market in the region. In countries such as China and India, the growth in industries like pharmaceutical and chemical is further driving the growth of flame arrestors. China, India, and Indonesia are expected to grow at a fast pace during the forecast period.
The Study Objectives of this report are:
- To provide detailed information about the major factors influencing the growth of the flame arrestors industry (drivers, restraints, opportunities, and industry-specific challenges)
- To define, describe, and forecast the flame arrestors industry by type, application, end-user, and region
- To strategically analyze the flame arrestors market with respect to individual growth trends, future projections, and the contribution of each segment to the market
- To track and analyze competitive developments such as contracts & agreements, new product launches, investments and expansions, mergers & acquisitions, and partnerships and collaborations in the flame arrestors market
- To profile key players and comprehensively analyze their market ranking and core competencies
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Top Key Players in the “Flame Arrestors Market” include are
- Emerson (US)
- Braunschweiger Flammenfilter (Germany)
- Elmac Technologies (UK)
- BS&B (US)
- Protectoseal (US)
- Tornado Combustion Technologies (US)
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Target Audience:
- Oil & gas storage terminals
- Flame arrestors companies
- Refineries
- Health, Environment & Safety (HSE) consultants
- Consulting companies
- Engineering and procurement companies in the oil & gas and chemical sector
- Government and research organizations
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