Expansion joints are devices used to allow for heat-induced expansion & reduction which takes place in various states of weather. The joints are designed to absorb heat-induced expansion & shrinkage of construction materials, hold parts together, absorb vibration and allow movement owing to ground settlement or earthquakes. Expansion joints are placed in concrete to prevent vast cracks formed due to temperature change. Concrete expansion joints are usually used to prevent cracks when the concrete shrinks by creating tooling, forming, sawing, and placing joint formers.
Some essential characteristics are included permits thermal contraction & expansion, located between sections of bridges, railway tracks, paving slabs, and piping systems and incorporated to endure the stresses etc.
According to study, “Global Concrete Expansion Joint Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024” the key companies operating in the global concrete expansion joint market are GCP Applied Technologies, LymTal International, MM Systems, Watson Bowman Acme Corp., DS Brown, Nystrom, EMSEAL Joint Systems, ITW Construction Systems, Connolly Key Joint, RJ Watson Inc., ZKHY, Roaby, Vector Construction, Nomaco, CETCO, Canam Group Inc., Mageba SA, Gumba GmbH & Co. KG, KantaFlex (India) Private Ltd, Metal Engineering & Treatment Co. Pvt. Ltd., Granor Rubber & Engineering, Ekspan Ltd., Lowe’s, W. R. Meadows, CS Corporate, Sakrete, KPM Industries, DS Brown, Homasote Company, Maurer SE, Freyssinet Limited, Trelleborg AB, Zaoqiang Dacheng Rubber Co., Ltd., Tensacciai S.r.l.,
Based on type, concrete expansion joint market is segmented into bridge expansion joint, railway expansion joint, masonry expansion joint and pipe expansion joint. Pipe expansion joint is necessary in system which convey high temperature substances for instance steam or exhaust gases, or to absorb movement & vibration. Based on accessories, market is segmented into covers, liners, limit rods and particulate barriers or purge connectors. Based on material type, market is segmented into rubber expansion joint, metal expansion joint, fabric expansion joint, gimbal expansion joint, universal expansion joint, toroidal expansion joint, in-line expansion joint, and refractory lined expansion joint. Rubber expansion joint is used around supporting drains, pillars and hydrants. Fabric expansion joint is ideal for use on streets, airport runways, highways, flatwork, sidewalks, driveways, and scores of commercial and industrial applications. Based on installation, market is segmented into pre-concrete installation and after concrete installation. Based on distribution channel, market is segmented into direct channel and indirect channel. In addition, based on end-use, market is segmented into slabs, buildings, bridges, pavements, sidewalks, piping systems, railway tracks, ships, and other structures.
The concrete expansion joint market is driven by increase in building constructions, followed by rise in urbanization, increase in focus on infrastructure & transportation development, growth in economies, rise in production capabilities and increase in investments in development of smart cities. However, low affordability in low-income countries and high cost of technology may impact the market.
Based on geography, the Asian-Pacific region holds major share in concrete expansion joint market owing to rise in demand of building & infrastructure construction in the region. The North-American and European regions are expected to witness higher growth rate due to increase in technological advancements over the forecast period. The global market is anticipated to grow at a CAGR of approximately 7.7% over the next five years, will reach US $1230 million in 2024, from US $790 million in 2019.
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Ankur Gupta, Head Marketing & Communications