India Expansion Joints Market to reach a growth of US$ 143.2 Mn by the end of 2032

India Expansion Joints Market

The India expansion Joints market is estimated to expand at a value CAGR of 6.5% during the forecast period of 2022-2032 to reach a growth of US$ 143.2 Mn by the end of 2032.

Expansion joints are necessary components of industrial machinery. India is a growing industrial power with various industry segments such as automotive, oil and gas, chemical processing, and electric motors that require intricate systems to function properly. As such, India’s demand for expansion joints has grown significantly in recent years. This research report aims to provide an overview of India’s expansion joints market, including an analysis of the current state of the market, future trends, and key players in the industry.

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Market Size & Overview

India is one of the leading countries in terms of its production capacity for metal expansion joints (MEJ) due to its low manufacturing costs and abundant natural resources. The country supplies MEJs to global markets such as Europe, North America, South America and Africa. The main driver behind India’s growth in this sector is the increasing demand for MEJs from automotive OEMs and end-users in other industrial sectors such as oil & gas and chemical processing plants.

Market Segments & Dynamics

The India Expansion Joints Market can be segmented on the basis of product type (metal expansion joints [MEJ], fabric expansion joints [FEJ], rubber/elastomeric expansion joints [REJ], pipe connectors), application (automotive applications, power generation applications, oil & gas applications), material type (stainless steel alloys, aluminum alloys, fibre-reinforced polymers). With the increasing demand for MEJs from the automotive sector due to stricter emission regulations regarding exhaust systems, MEJs have become a significant component in India’s Expansion Joints Market with a share estimated at 29%. Additionally FEJs are also gaining popularity due to their superior flexibility compared to other materials used for Expansion Joints applications across different industries.

Key Companies-