Flanges Market 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): Global Opportunity Analysis and Industry Forecast, 2021-2031
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.
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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