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Global Flanges Market to reach USD 6.98 billion by the end of 2030

Global Flanges Market Size study & Forecast, 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) and Regional Analysis, 2023-2030

Product Code: CMAM-16865289
Publish Date: 20-01-2024
Page: 200

Global Flanges Market is valued at approximately USD 4.73 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 5% during the forecast period 2023-2030. Flanges is a protruding rim or edge on an object, typically a round one, that is designed to provide strength, support, or facilitate attachment. In various industries and engineering applications, flanges serve different purposes, but they commonly involve connecting or joining components. The Flanges Market is expanding because of factors such as growing demand for food & beverage and rising energy consumption. As a result, the demand for Flanges has progressively increased in the international market during the forecast period 2023-2030.

The food and beverage industry relies heavily on processing equipment such as pumps, mixers, and conveyors, which are interconnected using piping systems. Flanges are essential components in these piping systems, ensuring secure connections. As the demand for processed food and beverages increases, so does the demand for reliable and efficient piping systems, thereby influencing the demand for flanges. According to Statista, in 2021, the global market for functional foods and beverages reached a valuation of USD 281.14 billion and is anticipated to exhibit a substantial growth rate of approximately 9.5% from 2021 to 2028. Another important factor that drives the Flanges Market is increasing energy consumption. Flanges play a crucial role in power generation facilities, such as in the construction of pipelines, boilers, and reactors. As energy demand rises, there is a proportional increase in the need for power generation infrastructure, contributing to higher demand for flanges. In addition, as per Statista, global consumption of renewable energy has increased significantly nearly reaching 45.18 exajoules in 2022. Moreover, growing adequate water supply and wastewater management and a rising focus on renewable energy sources are anticipated to create lucrative growth opportunities for the market over the forecast period. However, the high cost of Flanges and the lack of availability of raw materials are going to impede overall market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Flanges Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to the increasing steel production in the region. Higher steel production is often associated with industrial expansion and growth. Industries such as manufacturing, petrochemicals, and energy require substantial amounts of steel, leading to an increased need for flanges in the fabrication of pipelines, machinery, and equipment. The region’s dominant performance is anticipated to propel the overall demand for Flanges. Furthermore, North America is expected to grow fastest over the forecast period, owing to factors such as a growing focus on renewable energy sources, including solar and wind power in the region. The expansion of renewable energy infrastructure and the integration of clean energy technologies contribute to increased usage of flanges in various applications within the renewable energy sector.

Major market player included in this report are:

SSI Technologies, Inc
Coastal Flange, Inc
Outokumpu Armetal Stainless Pipe Co. Ltd
Qontrol Devices, Inc
Kohler Corporation
General Flange & Forge LLC
Flanschenwerk Bebitz GmbH
METALFAR Prodotti Industriali S.P.A.
Mass Global Group
Sandvik AB

Recent Developments in the Market:
Ø In June 2021, AFG Holdings, Inc. acquired Maass Flange Corporation, which encompasses the North American assets of Maass Global Group, including its operations in Mexico and Canada. Maass Flange Corporation stands as the premier domestic manufacturing supplier of stainless and nickel alloy flanges in North America.

Global Flanges Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Type, Material, Industry Verticals, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type
Socket Weld

By Material
Stainless Steel
Carbon Steel

By Industry Verticals
Oil and Gas

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Flanges Market, by Region, 2020-2030 (USD Billion)
1.2.2. Flanges Market, by Type, 2020-2030 (USD Billion)
1.2.3. Flanges Market, by Material, 2020-2030 (USD Billion)
1.2.4. Flanges Market, by Industry Verticals, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Flanges Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Flanges Market Dynamics
3.1. Flanges Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Growing demand for food & beverage Increasing energy consumption
3.1.2. Market Challenges High Cost of Flanges Lack of availability of raw material
3.1.3. Market Opportunities Growing adequate water supply and wastewater management Rising focus on renewable energy sources
Chapter 4. Global Flanges Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Flanges Market, by Type
5.1. Market Snapshot
5.2. Global Flanges Market by Type, Performance – Potential Analysis
5.3. Global Flanges Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. Flanges Market, Sub Segment Analysis
5.4.1. Slip-on
5.4.2. Socket Weld
5.4.3. Threaded
5.4.4. Others
Chapter 6. Global Flanges Market, by Material
6.1. Market Snapshot
6.2. Global Flanges Market by Material, Performance – Potential Analysis
6.3. Global Flanges Market Estimates & Forecasts by Material 2020-2030 (USD Billion)
6.4. Flanges Market, Sub Segment Analysis
6.4.1. Stainless Steel
6.4.2. Carbon Steel
6.4.3. Aluminum
6.4.4. Others
Chapter 7. Global Flanges Market, by Industry Verticals
7.1. Market Snapshot
7.2. Global Flanges Market by Industry Verticals, Performance – Potential Analysis
7.3. Global Flanges Market Estimates & Forecasts by Industry Verticals 2020-2030 (USD Billion)
7.4. Flanges Market, Sub Segment Analysis
7.4.1. Automotive
7.4.2. Oil and Gas
7.4.3. Manufacturing
7.4.4. HVAC
7.4.5. Others
Chapter 8. Global Flanges Market, Regional Analysis
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Flanges Market, Regional Market Snapshot
8.4. North America Flanges Market
8.4.1. U.S. Flanges Market Type breakdown estimates & forecasts, 2020-2030 Material breakdown estimates & forecasts, 2020-2030 Industry Verticals breakdown estimates & forecasts, 2020-2030
8.4.2. Canada Flanges Market
8.5. Europe Flanges Market Snapshot
8.5.1. U.K. Flanges Market
8.5.2. Germany Flanges Market
8.5.3. France Flanges Market
8.5.4. Spain Flanges Market
8.5.5. Italy Flanges Market
8.5.6. Rest of Europe Flanges Market
8.6. Asia-Pacific Flanges Market Snapshot
8.6.1. China Flanges Market
8.6.2. India Flanges Market
8.6.3. Japan Flanges Market
8.6.4. Australia Flanges Market
8.6.5. South Korea Flanges Market
8.6.6. Rest of Asia Pacific Flanges Market
8.7. Latin America Flanges Market Snapshot
8.7.1. Brazil Flanges Market
8.7.2. Mexico Flanges Market
8.8. Middle East & Africa Flanges Market
8.8.1. Saudi Arabia Flanges Market
8.8.2. South Africa Flanges Market
8.8.3. Rest of Middle East & Africa Flanges Market

Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. SSI Technologies, Inc Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.3.2. Coastal Flange, Inc
9.3.3. Outokumpu Armetal Stainless Pipe Co. Ltd
9.3.4. Qontrol Devices, Inc
9.3.5. Kohler Corporation
9.3.6. General Flange & Forge LLC
9.3.7. Flanschenwerk Bebitz GmbH
9.3.8. METALFAR Prodotti Industriali S.P.A.
9.3.9. Mass Global Group
9.3.10. Sandvik AB
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

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Data Collection:
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Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
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Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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