The global flanges market was valued at $4,501.5 million in 2021, and is projected to reach $7,393.4 million by 2031, registering a CAGR of 5.0% from 2022 to 2031. The flanges are the protruding rim or ridge that are used for increasing strength or the spread of the load. There are various types of flanges such as blind flanges, lapped flanges, slip on flanges, socket welded flanges, threaded flanges, and weld neck flanges.
Development in control technologies have contributed significantly in boosting the growth of the flanges market during the recent years. The flanges allow monitoring of the fluid level, which is advantageous in hazardous and remote environments of oil & gas industries, chemical industries, and power plants. In addition, the increased investments in the oil & gas storage as well as refining infrastructure, mainly in the North America drives the requirement for flanges. North American countries, such as the U.S. and Canada, are major importers of flanges from Asian and European nations.
Thus, the development of oil & gas industry in North America drives the flanges market growth globally. Moreover, the demand for flanges has significantly increased from the food & beverage industry mainly from the developing nations in Asia-Pacific and Latin America. With surge in agriculture and rise in demand for processed food, the food & beverage processing industry has shown high growth in countries such as India, Brazil, and others. This, in turn, has created a high demand for flanges; thereby, driving the growth of the flanges industry.
However, the saturation in industrial growth in major developed countries such as Germany, the U.S., the UK, and others is likely to affect the growth in trend for flanges significantly. The demand for new flanges is extremely slow paced in the previously mentioned countries mainly due to the developed industrial infrastructure. This is likely to restrain the growth of flanges market. In addition, the trade tensions between the U.S. and China have led to newly imposed tariffs on various metals including stainless steel, aluminum, and others, which are mainly used for the manufacturing of flanges. This in turn results in surged production costs and a disruption in supply chain of global flanges industry, which is likely to restrain the market growth of flanges globally
On the contrary, the technological advancements in industrial valves such as implementation of automation and control technologies are likely to create lucrative growth opportunities for the global flanges market.
The flanges market is segmented on the basis of type, material, industry verticals, and region. On the basis of type, it is further classified into slip-on, socket weld, threaded, and others. By material, it is divided into stainless steel, carbon steel, aluminum, and others. By industry vertical, it is categorized into automotive, oil & gas, manufacturing, HVAC, and others. Region wise, the flanges market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players profiled in the global Flanges market include, AFG Holdings, Inc., Coastal Flange, Inc., Flanschenwerk Bebitz GmbH, General Flange & Forge LLC, Hitachi, Kerkau Manufacturing, Kohler Corporation, Mass Global Group, METALFAR Prodotti Industriali S.P.A., Outokumpu Armetal Stainless Pipe Co. Ltd (OASP), Pro-Flange, Qontrol Devices, Inc., Saini Flange (p) ltd., Sandvik AB, Simtech Process Systems, SSI Technologies, Inc. and Texas Flange.
Development in control technologies have contributed significantly in boosting the growth of the flanges market during the recent years. The flanges allow monitoring of the fluid level, which is advantageous in hazardous and remote environments of oil & gas industries, chemical industries, and power plants. In addition, the increased investments in the oil & gas storage as well as refining infrastructure, mainly in the North America drives the requirement for flanges. North American countries, such as the U.S. and Canada, are major importers of flanges from Asian and European nations.
Thus, the development of oil & gas industry in North America drives the flanges market growth globally. Moreover, the demand for flanges has significantly increased from the food & beverage industry mainly from the developing nations in Asia-Pacific and Latin America. With surge in agriculture and rise in demand for processed food, the food & beverage processing industry has shown high growth in countries such as India, Brazil, and others. This, in turn, has created a high demand for flanges; thereby, driving the growth of the flanges industry.
However, the saturation in industrial growth in major developed countries such as Germany, the U.S., the UK, and others is likely to affect the growth in trend for flanges significantly. The demand for new flanges is extremely slow paced in the previously mentioned countries mainly due to the developed industrial infrastructure. This is likely to restrain the growth of flanges market. In addition, the trade tensions between the U.S. and China have led to newly imposed tariffs on various metals including stainless steel, aluminum, and others, which are mainly used for the manufacturing of flanges. This in turn results in surged production costs and a disruption in supply chain of global flanges industry, which is likely to restrain the market growth of flanges globally
On the contrary, the technological advancements in industrial valves such as implementation of automation and control technologies are likely to create lucrative growth opportunities for the global flanges market.
The flanges market is segmented on the basis of type, material, industry verticals, and region. On the basis of type, it is further classified into slip-on, socket weld, threaded, and others. By material, it is divided into stainless steel, carbon steel, aluminum, and others. By industry vertical, it is categorized into automotive, oil & gas, manufacturing, HVAC, and others. Region wise, the flanges market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players profiled in the global Flanges market include, AFG Holdings, Inc., Coastal Flange, Inc., Flanschenwerk Bebitz GmbH, General Flange & Forge LLC, Hitachi, Kerkau Manufacturing, Kohler Corporation, Mass Global Group, METALFAR Prodotti Industriali S.P.A., Outokumpu Armetal Stainless Pipe Co. Ltd (OASP), Pro-Flange, Qontrol Devices, Inc., Saini Flange (p) ltd., Sandvik AB, Simtech Process Systems, SSI Technologies, Inc. and Texas Flange.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the flanges market analysis from 2021 to 2031 to identify the prevailing flanges market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the flanges market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global flanges market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
- Slip-on
- Socket Weld
- Threaded
- Others
By Material
- Stainless Steel
- Carbon Steel
- Aluminum
- Others
By Industry Verticals
- Automotive
- Oil and Gas
- Manufacturing
- HVAC
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- South Korea
- India
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- AFG Holdings, Inc.
- Coastal Flange, Inc.
- Flanschenwerk Bebitz GmbH
- General Flange & Forge LLC
- Hitachi
- Kerkau Manufacturing
- Kohler Corporation
- Mass Global Group
- METALFAR Prodotti Industriali S.P.A.
- Outokumpu Armetal Stainless Pipe Co. Ltd (OASP)
- Pro-Flange
- Qontrol Devices, Inc.
- Saini Flange (p) ltd.
- Sandvik AB
- Simtech Process Systems
- SSI Technologies, Inc.
- Texas Flange
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: FLANGES MARKET, BY TYPE
CHAPTER 5: FLANGES MARKET, BY MATERIAL
CHAPTER 6: FLANGES MARKET, BY INDUSTRY VERTICALS
CHAPTER 7: FLANGES MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, titled, “Flanges Market," the flanges market size was valued at $4.50 billion in 2021, and is estimated to reach $7.39 billion by 2031, growing at a CAGR of 5% from 2022 to 2031.In 2021, Asia-Pacific dominated the global flanges market, in terms of revenue, accounting for around 38% share of the global market. A flange is a medium for connecting pipes, valves, pumps and other equipment in order to form a piping system. In addition, it provides easy access for inspection, cleaning or modification. Flanges are usually welded or screwed. Flanged joints are made by bolting together two flanges with a gasket between them to provide a seal.
The implementation of control technologies has assisted in reducing the wastage of liquids passing through the pipes and valves that result in reduction of costs, which in turn drives the flanges market growth. In addition, the focus on increasing the production of oil & gas in North America has created a high demand for flanges in the region. The investments for extraction of oil & gas have propelled substantially, which has led to infrastructural development. This is expected to create massive demand for flanges, which in turn is expected to boost the growth of the market.
Asia-Pacific is the largest contributor in the global flanges market share during 2021. In North America, U.S. and Canada are the largest consumers of flanges within the region and have strong trade relations with manufacturing countries in the Europe and LAMEA. However, the market has lucrative growth opportunities in China and India, which are likely to exhibit significant growth during the forecast period. This is due to low material costs and extensive growth in industrial infrastructure during the past years.
The global flanges market segmented on the basis of type, material, industry verticals and region. On the basis of type, it is further classified into slip-on, socket weld, threaded and others. By material, it is divided into stainless steel, carbon steel, aluminum and others. Based on industry verticals, it is categorized into automotive, oil and gas, manufacturing, HVAC and others. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, Italy, UK, and rest of Europe), Asia-Pacific (China, Japan, South Korea, India, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
The major players profiled in the global flanges market analysis include, AFG Holdings, Inc., Coastal Flange, Inc., Flanschenwerk Bebitz GmbH, General Flange & Forge LLC, Hitachi, Kerkau Manufacturing, Kohler Corporation, Mass Global Group, METALFAR Prodotti Industriali S.P.A., Outokumpu Armetal Stainless Pipe Co. Ltd (OASP), Pro-Flange, Qontrol Devices, Inc., Saini Flange (p) ltd., Sandvik AB, Simtech Process Systems, SSI Technologies, Inc. and Texas Flange. Major companies in the market have adopted product launch, partnership, business expansion, and acquisition as their key developmental strategies to offer better products and services to customers in the flanges industry.
Key Findings of the Study
- The report provides an extensive analysis of the current and emerging global flanges market trends and dynamics.
- Depending on type, the others segment was the largest revenue generator in 2021.
- By material, the others segment generated the highest revenue in 2021.
- Based on industry verticals, the oil & gas segment dominated the market in 2021.
- Region wise, Asia-Pacific is anticipated to dominate the global fanges market throughout the study period.
- The report provides an extensive analysis of the global flanges market outlook.
- The global flanges market forecast analysis from 2022 to 2031 is included in the report.
Companies Mentioned
- Afg Holdings, Inc.
- Coastal Flange, Inc.
- Flanschenwerk Bebitz GmbH
- General Flange & Forge LLC
- Hitachi
- Kerkau Manufacturing
- Kohler Corporation
- Mass Global Group
- Metalfar Prodotti Industriali S.P.A.
- Outokumpu Armetal Stainless Pipe Co. Ltd (Oasp)
- Pro-Flange
- Qontrol Devices, Inc.
- Saini Flange (P) Ltd.
- Sandvik Ab
- Simtech Process Systems
- Ssi Technologies, Inc.
- Texas Flange
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 220 |
| Published | July 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 4501.5 million |
| Forecasted Market Value ( USD | $ 7393.4 million |
| Compound Annual Growth Rate | 5.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 17 |
