Flame Arrestors Market Size, Share, Growth, and Industry Analysis by Type (In-line and End-of-line) By Application (Oil & Gas, Chemical, Metals & Mining, Pharmaceutical, Waste-to-energy Plant and Others), Regional Insights, and Forecast From 2024 To 2031

Flame Arrestors Market Report Overview

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The global flame arrestors market size was USD 581.9 million in 2021 and is projected to touch USD 1239.96 million by 2031, at a CAGR of 7.86% during the forecast period. 

In order to stop a flame from spreading and starting a large fire or explosion, flame arrestors, often referred to as deflagration or flame traps, let gas travel through them. Flame arresters are used in a variety of circumstances, including the pipeline transportation of gas and oil.

More than any other business, the oil and gas sector work primarily with materials that are more likely to catch fire. There have been a number of incidents in the oil and gas sector in the past. Governments throughout the world opted to install flame arrestors at locations with a higher likelihood of spark generation in order to prevent and manage such events (especially in the oil and gas industry). The use of flame arrestors in the oil and gas sector is anticipated to increase as a result of these regulations and safety measures from various governments.

COVID-19 Impact: Strict Government Laws Hindered the Market Demands

The global COVID-19 pandemic has been unprecedented and staggering, with flame arrestors experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

The COVID-19 pandemic had a negative effect on the market by lowering demand for products produced by the chemical, power generation, and oil and gas sectors. But the market saw a gain as a result of the recovery in growth. Moreover, the market for flame arrestors may be influenced by strict government laws, notably those requiring the chemical and oil and gas sectors to install flame arrestors for safety reasons.

LATEST TRENDS

"Investment of Billions by Industries Led to Market Growth"

Compared to 2015, the gas output on a worldwide scale rose in 2020. Additionally, the capability of refining oil on a worldwide scale reached thousands of barrels per day in 2020. (bpd). The growth of the oil and gas industry's production and refining sectors, where flame arrestors are mostly employed, is anticipated to propel the market throughout the projection period.

In order to increase petrochemical capacity, refining effectiveness, and upstream oil and gas exploration and production operations, Bharat Petroleum Corporation Ltd intended to invest billions over the course of five years.

Flame Arrestors Market Segmentation

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• By Type Analysis

By type, market is segmented into in-line and end-of-line. The in-line segment will dominate the market in the coming years.

• By Application Analysis

Based on applications, the market is classified into oil & gas, chemical, metals & mining, pharmaceutical, waste-to-energy plant and others. The oil & gas segment will lead the global share through 2028.

DRIVING FACTORS

"Expanding Growth in Working Population to Propel the Market Demand"

The demand for hazard protection equipment like flame arrestors is expected to increase during the forecast period due to factors such as growing employee and industrial safety awareness, a large number of manufacturing companies, favorable government programs, and a growing industrial sector. These factors are encouraging global players to invest heavily in this region.

"New Technical Developments and Rapid Industrialization to Propel the Market"

In the upcoming years, the market for flame arrestors is anticipated to see a number of possibilities as new technical developments begin to replace outmoded flame arrestors. The oil and gas segment are anticipated to be the biggest segment in the flame arrestors market during the forecast period as a result of the rising yearly production and refining capacity.’ The globe has been rapidly industrializing, and the mining, oil, and gas sectors have grown tremendously. These factors have contributed to the expansion of the flame arrestor market globally.

RESTRAINING FACTORS

"Fluctuating Crude Oil Prices to Impede the Market"

During the projected period, the market for flame arrestors is anticipated to be constrained by fluctuating crude oil and gas prices that are resulting in lower investments.

Flame Arrestors Market Regional Insights

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"Asia Pacific to Hold the Largest Global Flame Arrestors Market Share"

Due to the region's numerous projects in the oil and gas, chemical, power generation, and mining industries as well as the region's steady rise in energy consumption, flame arrestor sales in the Asia-Pacific region have increased significantly in recent years.

The majority of the region's nations, including China, India, and Indonesia, are emerging economies with rising demands for energy and medicines. Asia-Pacific has been luring many investments in a variety of businesses that require flame arrestors as a result of this rising energy demand.

The percentage of energy consumed illustrates the region's growing industrialization in response to the need for energy, which is expected to fuel the flame arrestor market throughout the course of the forecast period.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead in the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio.

LIST OF TOP FLAME ARRESTORS COMPANIES

• Kingsley Engineering Services (India)
• Groth Corporation (U.S.)
• PARKER HANNIFIN CORP (U.S.)
• Pentair plc (U.S.)
• PROTEGO - Braunschweiger Flammenfilter GmbH (Germany)
• BS&B Safety Systems, L.L.C. (U.S.)
• ACME VALVES INDUSTRIES (India)
• Fluidyne Instruments Pvt Ltd. (India)
• Elmac Technologies Ltd (UK.)

REPORT COVERAGE

The market research study examines the worldwide market in detail, focusing on important elements such as leading players, product/services or type, and leading end-use applications. Aside from that, the research analyses major advancements and provides insights into lighting market trends. In addition to the causes indicated above, the paper includes a number of other factors that have contributed to recent growth.