USD 4.23 billion
Report ID:
SQMIG15F2166 |
Region:
Global |
Published Date: March, 2024
Pages:
184
|Tables:
65
|Figures:
74
Global Flame Arrestor Market size was valued at USD 4.23 billion in 2022 and is poised to grow from USD 4.42 billion in 2023 to USD 6.06 billion by 2031, growing at a CAGR of 4.6% in the forecast period (2024-2031).
Explosion arresters are devices mounted on hot water pipes or fixed to the mouths of storage tanks. In addition, the primary function of a fire retardant is to extinguish any flame front where a flammable gas or vapor mixture spreads in an emergency. The development of oil, gas and electricity production has led to greater adoption of flame retardants and other devices. Flame retardants are expected to emerge as an important device soon and their use in various applications is expected to drive the market demand.
This hedging is particularly prevalent in Asia Pacific, especially in developing countries in China, India and Indonesia where major small and medium players take risks such as gas curtain schemes to contain rather than cost installation of protective devices such as flame retardant -Selected for containment equipment These are the factors, which are breaking the growth of the global market.
To prevent the spread of a spark or the start of a large explosion insulation, commonly called the flame or fire trap, allows air to pass in. Insulation is used in a variety of situations, including gas and oil pipelines. More than any other industry, the oil and gas industry deals primarily with highly flammable materials. There have been many incidents in the oil and gas industry in the past. Governments around the world have chosen to apply flame retardants to areas likely to cause fires to prevent and manage such incidents (especially in the oil and gas industry). It is expected that such regulations and these safety measures by governments will increase the use of fireworks preventive measures.
Global Market Size
USD 4.23 billion
Largest Segment
End-of-line
Fastest Growth
Growth Rate
4.6% CAGR
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On the basis of Types, the market is segmented into In-line, End-of-line. Based on Applications, the market is segmented into Oil & Gas, Chemicals, Metals & Mining, Pharmaceutical, Waste-to-energy Plant, Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA).
Analysis by Type
An in-line flame arrestor is a device installed in accordance with the existing piping system, between two flanges. In-line flame arrestors segment is the dominating segment which is widely used with gas burners to reduce or eliminate flashback of backdraft from atmospheric pressure when operating at negative pressures such as induced draft fans in vertical up-flow furnaces turned off in addition to coal mills, grain elevators. They can be used to make other explosive or combustible dusts. Another application of this equipment includes hydrocarbon vapor recovery systems where process leaks exceed permissible limits but due to high density/concentration.
End-of-line fire suppression is a fastest growing segment also known as "end-of-the-line" fire suppression. It has a removable plate, which can be removed to inspect the filter element and clean it as needed. An adjustable pressure relief valve helps relieve excess air if any overpressure condition occurs in the downstream equipment or piping system. The design provides easy access without taking the other compressor or unit out of service.
Analysis by End-User
The oil and gas industry deals primarily with more fire-prone products than any other industry. To prevent and control the incidents, governments all over the world have decided to install flame retardants in areas that are most likely to cause sparks (especially in the oil and gas industry). Such guidelines and safety measures from governments are expected to mandate the use of flame retardants in the oil and gas industry.
Flame retardants play an important role in safety measures in a variety of industries, including the pharmaceutical segment. The primary function of chemical retardants is to prevent the spread of flames and to protect against potential explosions caused by gasses or vapors. Flame retardants are used in a variety of applications in the field of medicine and play an important role for several reasons. The pharmaceutical industry is subject to stringent safety regulations to ensure the protection of workers, facilities and the environment. Flame retardants are used in equipment and systems to comply with safety standards and regulations for the handling, manufacture and storage of flammable materials.
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North America and the US. and Canada is a dominating segment which have well-established and strict safety regulations across industries. These regulations mandate the use of safety devices including flame retardants to prevent and reduce fire and explosion hazards.
Compliance with these regulations is driving demand for flame retardants in the oil, gas, petrochemical, chemical, manufacturing and construction industries. With energy demand continuing to rise, Asia-Pacific has played a role in gas, chemical, power generation and mining, helping the industry to become the largest market for refractories around the world. Most of the countries in the region such as China, India and Indonesia are developing countries, and their energy demand and chemical needs are increasing. Due to this increasing energy demand, Asia Pacific has been attracting a lot of money in industries that use flame retardants. Continued investment in refinery expansion, stowage terminals and construction of tank farms is fueling flame retardant growth in the region The rapidly growing pharmaceutical chemical industry in the region also contributes a large share of in the emerging global ignition market. Poorly maintained safety equipment in emerging economies is hampering the growth of the market. Growing manufacturing in Asia-Pacific is anticipated to boost the global flame arrestor market.
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Drivers
Strict safety regulations and standards imposed by regulatory agencies and industry associations drive the acceptance of flame retardants Industries such as oil, gas, petrochemicals, chemicals, pharmaceuticals and others implement safety measures to prevent and reduce fire and explosion hazards.
Growth in industrial activities, especially in areas related to flammable materials, contributes to the demand for flame retardants as industries expand and new facilities are established, there is a need for having safety devices to protect personnel, equipment and the environment is great.
Restraints
The flame arrestor market is expected to be hampered by volatility in crude oil and gas prices leading to lower investment during the forecast period. Many refractories are obtained by fuel cells, and the cost of crude oil and gas directly affects production. When the price of crude oil rises, the cost of refractory products increases, which can increase the price of these products. Conversely, production costs can have declined during periods of high oil prices.
Fire extinguishers are important safety devices used in various industries, including oil and gas, chemicals and pharmaceuticals. The market faces restrictions due to stringent regulatory requirements and standards for safety equipment. Compliance with these regulations often requires complex testing and certification procedures, which can be time-consuming and costly for manufacturers.
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The competitive environment of the global Flame Arrestor market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. The global market competitive landscape provides detailed information from competitors. Detailed information includes company overview, company financials, earnings, market potential, investment in research and development, new market strategy, global presence, manufacturing regions and locations of production, manufacturing capacity, company strengths and weaknesses, product launches, product expansion and expansion, application authority.
Top Player’s Company Profiles
Recent Developments
Technological Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Equipment operated in an unsafe environment must be certified by the authorities in charge of variable power plants. Different countries have different laws and standards and specifications for equipment certification, it will be a challenge for fire prevention specialists to extend it in different regions.
Safety regulations and standards are mandatory for all industries, especially oil and gas and chemicals, and each country has its own safety regulations, standards and procedures established for types of industries, end-use industries like as oil and gas, mining, chemicals, pharmaceuticals. Flame Arrestors are usually installed in headers or at the end of a piping run. They also find applications in specific areas such as tanks, reactors and distillation columns. Some chemicals commonly used as flame retardants include ammonia, chlorine and hydrogen fluoride. In addition, these devices can also be found in laboratories.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 4.23 billion |
Market size value in 2031 | USD 6.06 billion |
Growth Rate | 4.6% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Flame Arrestor Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Flame Arrestor Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Flame Arrestor Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Flame Arrestor Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG15F2166
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