By 2032, the Metal Bellows Market is Projected to Reach a Value of US$ 3,550 Million | FMI

In 2022, the global metal bellows market is anticipated to be worth US$ 1,968 million. Furthermore, as more industries adopt metal bellows, the overall demand for metal bellows is expected to expand at a 6% CAGR from 2022 to 2032, completing a market worth US$ 3,550 million by 2032.

The metal bellows offer a high number of advantages instead of non-metallic bellows. Thus, there is a huge increase in demand for metal bellows on an international scale. Metal bellows are used in various industrial applications like pipe junctions for sealing tapering pipes or joiners, where elongations are expected on the contraction side of the vessel. Furthermore, metal bellows are being used as the flexible sealing components of the vacuum technology as well. The two mainly areas in which the product is utilized are in vacuum valve stem seals and vacuum sealing.

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Bellows come through as ‘flexible seats’, mainly due to the fact that they have a pretty predictable spring rate due to elasticity. The manufacturing sector couldn’t be imagined without bellows, especially in flexible joints, vacuum seals, accumulators, and likewise. Welded bellow holds the largest market share due to better spring rate, resistance against chemicals, leak rate stroke, and likewise.

Metal bellows are capable of easily absorbing thermal and mechanical movement, and have a longer life-span. They are well-known for safeguarding against higher temperature. The tensile strength possessed by metal bellows is unparalleled. Those dealing with pipe joints prefer metal bellows as they help in curbing movement caused due to equipment movement, thermal fluctuation, and pressure pulsation or vibration.

Metal bellows are being preferred in traditional boilers, expansion joints, gas turbines, fuel gas duct systems, mechanical seals, thermal expansion tanks, engine exhaust systems, and steam turbines.

At the same time, it needs to be noted that metal bellows are not conducive to the food & beverage vertical, basically due to the fact that the convolutions of bellows result in bug traps, which is actually tough to clean at the time of operational processes. Future Market Insights has walked through these facts with future perspectives in its latest market study entitled ‘Metal Bellows Market’.

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Key Takeaways from Metal Bellows Market

  • North America holds a significant market share and is expected to continue with the winning streak even in the forecast period. This could be attributed to an increasing usage of metal bellows by the aerospace and defense vertical.
  • Europe is expected to witness steadiness in the metal bellows market due to rising demand for welded bellows in marine and aerospace industries. Italy and Germany lead from the front. As per Germany Trade and Invest, the second biggest sector all across Germany is the machinery and equipment one.
  • The Asia-Pacific is expected to grow at the fastest rate in the metal bellows market. This could be reasoned with spike in demand for metal bellows in power & energy, military & defense, automotive, aerospace, and petrochemical vertical. Indian Automobile Manufacturers have mentioned that passenger vehicles’ trade did increase by ~2% in the year 2019.

Competitive Landscape

  • MW Industries, Inc., in June 2018, completed acquisition of the US-based Bellowstech (manufacturing edge welded metal bellows). The former makes provisions for springs, fasteners, and various critical components to cater to aerospace applications. It’s important to note that the company is ISO 9001-certified regarding components.
  • FlexEJ, in April 2022, did complete designing and fabricating an entire batch comprising metal expansion joints for a manufacturer of pharmaceuticals based out of the UK.
  • FlexEJ, in September 2021, completed acquisition of Safetech (a leading manufacturer of rubber bellows).
  • MW Industries, Inc., in 2018, acquired Ameriflex, Inc. (a prominent manufacturer of precision metal bellows, flanges, flexible metal hose, and various other products).

“In spite of metal bellows being subject to strict regulations, the end-users prefer them due to the advantages offered over their counterparts. This factor is expected to boost the metal bellows market in the near future”, says an analyst from Future Market Insights.

Global Metal Bellows Industry by Category

By Product Type:

  • Formed
  • Electroformed
  • Welded

By Material:

  • Titanium Alloys
  • Stainless Steel Alloys
  • Nickel Alloys
  • Others

By End-Use Industry:

  • Aerospace & Defence
  • Automotive
  • Power Generation
  • Water Treatment
  • Oil & Gas Refining
  • Heavy Manufacturing
  • Light Manufacturing
  • Others

By Application:

  • Conventional Boilers
  • Gas Turbines
  • Fuel Gas Duct Systems
  • Engine Exhaust System
  • FCCU’s
  • Steam Turbines
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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