Flame Arrestors Market Latest Advancements and Growing Business Opportunities 2021 to 2027: Braunschweiger Flammenfilter, Elmac Technologies, Emerson, Morrison Bros. Co., Groth Corporation, Westech Industrial, Tornado Combustion Technologies

Flame Arrestors Market Report provides detailed analysis of Growth Factors of the market as well as it gives an analysis of the Market size, Latest trends, SWOT Analysis by Regions and Forecasted market research data until 2025. The Flame Arrestors market report has studied key opportunities in the market and influencing factors which are useful to the business. The report also maps the qualitative and quantitative impact of various market factors like macro-economic indicators, PPP, Epidemiological data, Insurance scenario and patent and IP information, Government Policies and business regulations along market attractiveness as per segments.

The flame arrestors market is expected to rise at a CAGR of more than 1.5% during 2020 - 2025.

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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Flame Arrestors Market: Braunschweiger Flammenfilter, Elmac Technologies, Emerson, Morrison Bros. Co., Groth Corporation, Westech Industrial, Tornado Combustion Technologies, Protectoseal, Ergil, Bs&B Safety Systems, L&J Technologies, Motherwell Tank Protection and others.

Key Market Trends

Oil and Gas Segment Expected to Dominate the Market

- Flame arrestors, also known as deflagration or flame trap, are the devices that allow gas to pass through it but stops a flame to prevent a massive fire or explosion. There is an enormous variety of situations in which flame arresters are applied, such as in transporting oil and gas through pipelines.
- The oil and gas industry majorly deals with the materials which are more prone to attract fire than in any other industry because several incidents occurred in the past. To prevent and control such types of events to occur, several governments in the world made is compulsory for the companies in the oil and gas industry to install flame arrestors at places that have more probability of generating a spark. Such guidelines and safety measures from the different governments are expected to drive the usage of flame arrestors in the oil and gas industry.
- In 2018, the global gas production was about 2867.9 billion cubic metres (bcm), and the total oil refining capacity of the world increased to 100,049 thousand barrels per day (BPD). The gas production and oil refining capacity showed an annual growth rate of 5.17% and 1.4%, respectively, compared to the previous year data. This increment in production and refining sectors of the oil and gas industry, where flame arrestors are majorly used, is expected to drive the market.
- In 2018, VFuels completed the Front End Engineering & Design (FEED) for the process area and facility for MMEX Resources Corp refinery in Texas. The refinery is expected to have a refining capacity of 10000 barrels per day (BPD). In 2020, VFuels announced the startup of Detailed_Design and Engineering (DED) for the MMEX Resources refinery project.
- In 2019, McDermott International, Inc announced that Saudi Aramco had awarded it a contract of USD 1.5 billion for its Marjan Field. The engineering, procurement, construction, and installation (EPCI) contract includes the development of oil and gas facilities offshore and pipelines. The development of the plant consists of the usage of flame arrestors for preventing any accident.
- Hence, owing to the above points, oil and gas are likely going to the largest segment for the flame arrestors market during the forecast period.

Asia-Pacific Expected to Dominate the Market

- Asia-Pacific region, due to the constant increase in the energy demand in the area have several projects in oil and gas, chemical, power generation, and mining, which support it to be the largest market for flame arrestors in the world.
- The majority of the countries in the region, such as China, India, Indonesia, etc., consider themselves as developing nations, and have a constant growing energy demand and requirement of pharmaceuticals. Because of the above, Asia-Pacific region has been attracting several investments in various industries which use flame arrestors.
- As of 2018, the energy consumption of the Asia-Pacific region was 5985.8 million tonnes of oil equivalent (MTOE), which accounted for approximately 43% of the total energy consumption of the same year. The share of energy consumption exhibits the increasing industrial development in the region to fulfill the energy demand, which is likely to drive the flame arrestor market during the forecast period.
- In 2019, MODEC won the engineering, procurement, construction and installation (EPCI) contract issued by the ConocoPhillips Australia Barossa Ltd for its floating production storage and offloading (FPSO) unit in the Barossa Field. The field is expected to produce gas and condensate for which flame arrestors are likely to be used for preventing the generation of spark. The project is expected to be operational by 2023.
- In 2019, Saudi Aramco, a Saudi Arabia oil major, signed a memorandum with S-Oil Corporation, a South Korea oil company, to collaborate on a USD 6 billion for steam crackers and olefin downstream Project which is expected to be complete by 2024. The new world-class steam cracker is likely going to produce ethylene and other necessary chemicals out of naphtha and refinery off-gas. This is likely to create a positive impact on the flame arrestors market.
- Hence, due to the above points, Asia-Pacific is expected to be the largest market for the flame arrestors during the forecast period.

Global Flame Arrestors Market Split by Product Type and Applications:

This report segments the market on the basis of Types are:

In-line
End-of-line

On the basis of Application, the market is segmented into:

Oil & Gas
Chemical
Metals & Mining
Pharmaceutical
Waste-to-energy Plant
Others

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Regional Analysis For Flame Arrestors Market:

For comprehensive understanding of market dynamics, the global Flame Arrestors market is analyzed across key geographies namely:

North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.

Flame Arrestors Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger and acquisitions along with trending innovation and business policies are reviewed in the report. The report contains basic, secondary and advanced information pertaining to the Market global status and trend, market size, share, growth, trends analysis, segment and forecasts from 2021–2025.                 

Key Points of Flame Arrestors Market Table of Contents:

-Market Overview: The report begins with this section where a product overview and key content on the product and application segments of the global Halal Foods market are provided. The highlights of the segmentation study include price, revenue, sales, sales growth rate, and market share by product.

-Competition by company: Here we analyze the competition of the global Flame Arrestors market, by company price, revenue, sales and market share, market share, competitive landscape, and latest trends, mergers, expansions, acquisitions, and market share of top companies.

-Company Profile and Sales Data: As the name suggests, this section provides sales data and useful information about the business of key players in the global Flame Arrestors market. It describes the key businesses of gross margin, price, revenue, products and specifications, types, applications, competitors, manufacturing base, and key players operating in the global Flame Arrestors market.

-Market Forecast: Here the report provides a full forecast for the global Flame Arrestors market by product, application, and region. It also provides global sales and revenue forecasts for all years in the forecast period.

-Research Results and Conclusion: One of the last sections of the report where analyst findings and findings are provided.

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Due to the onset of COVID-19 pandemic, several economies across the world have experienced harsh economic downturn. The industrialists across North America, Europe, Asia Pacific, Latin America and Middle East and Africa were facing problems due to changing preferences of the customers and demand fluctuation. The market research report covers pre-Covid-19 data for the Flame Arrestors market in years 2018 and 2020. Further, the report also covers forecast Covid-19 data from 2021 to 2027, which provides future outlook of the market for the manufacturers and suppliers.

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