Flanges Global Market Report 2023

“Flanges Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on flanges market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
• Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
• Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
• Measure the impact of high global inflation on market growth.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on the latest market shares.
• Benchmark performance against key competitors.
• Suitable for supporting your internal and external presentations with reliable high quality data and analysis
• Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
• All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for flanges ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The flanges market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

• 1) By Type: Welding Neck; Long Welding Neck; Slip-On; Socket Weld; Lap Joint; Other Types

• 2) By Material: Carbon Steel; Stainless Steel; Aluminum; Polymer; Other Materials

• 3) By End User: Aviation And Aerospace; Petrochemical; Architectural Decoration; Food And Beverages Processing; Construction; Other End-Users

• Companies Mentioned: SSI Technologies Inc.; Simtech Process Systems; Qontrol Devices Inc.; Saini Flange Pvt. Ltd.; AFG Holdings

• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

• Time series: Five years historic and ten years forecast.

• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

• Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the flanges market are SSI Technologies Inc., Simtech Process Systems, Qontrol Devices Inc., Saini Flange Pvt. Ltd., AFG Holdings, Coastal Flange, Flanschenwerk Bebitz GmbH, General Flange and Forge LLC, Mass Global Group, METALFAR Prodotti Industrial S.P.A, Outokumpu Armetal Stainless Pipe Co. Ltd(OASP), Pro-Flange Ltd., Sandvik AB, Texas Flange, Fastenal Company, Wilhelm Bollhoff GmbH und Co. KG, STANLEY Engineered Fastening and Locknut Technology Inc

The global flanges market is expected to grow from $4.59 billion in 2022 to $4.90 billion in 2023 at a compound annual growth rate (CAGR) of 6.82%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The flanges market is expected to reach $6.24 billion in 2027 at a CAGR of 6.22%.

The flanges market consists of sales of forged fitting, bulkhead fitting, compression fitting and threaded flanges. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

A flange is a rib or rim that provides strength, direction, or attachment to another item. A flange connects pipes, valves, pumps, and other systems to form a piping device. Flanges are generally welded or screwed.

Asia-Paicifc was the largest region in the flanges market in 2022. The regions covered in the flanges market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The major types of flanges are welding neck, long welding neck, slip-on, socket weld, lap joint, and other types of flange. A welding neck, also known as a high-hub flange or a tapered hub flange, refers to a type of flange that can transfer stress to the pipes, reducing the concentration of high stress at the flange's bottom. A weld neck flange provides enhanced strength when exposed to higher pressures, temperatures that cause line expansion or contraction, or other changing stresses. There are several materials used in a flange, such as, carbon steel, stainless steel, aluminum, polymer, and other materials. A flange is used by various end users, such as aviation and aerospace, petrochemical, architectural decoration, food and beverages processing, construction, and other end-users.

Rising global awareness of wastewater treatment is expected to drive flange market growth in the coming years. Wastewater treatment refers to a significant paradigm change that is required to some extent in order to improve sustainable sanitation offerings in the direction of a circular financial system where wastewater is viewed as a valuable resource rather than a legal obligation. Wastewater may be processed to extract energy, simple water, fertilisers, and vitamins that can be used to support the SDGs. For instance, according to a report by UN-Water, a centre for monitoring water trends and management challenges, in 2020, 56% of domestic wastewater flows underwent safe treatment. Moreover, according to the UN Waste Water Assessment Programme assessment, high-income countries treat about 70% of the generated wastewater. Thus, the rising awareness of wastewater treatment throughout the globe is driving the flange market.

Product innovation is a key trend in the flange market. Major companies operating in the flange market are focused on innovating new products to sustain. For instance, in June 2020, Pemamek, a Finland-based welding and production automation solutions company, launched a new flange fitting welding station to quickly, safely, and accurately weld and fit flanges to wind tower and tower base parts. This FF station contains interchangeable tools to aid in adjusting the fit-up tool for various L-type and T-type flanges and can handle tubular and conical shells with a range of diameters and lengths. It makes it possible to weld in the same spot, cutting down on weld time and improving welding productivity. Additionally, repairs are kept to a minimum since lifting clamps are not required.

In June 2021, AFG Holdings, a US-based technology and manufacturing specialist, acquired Maass Flange Corporation for an undisclosed amount. This acquisition complements AFG Holdings' global dominance in carbon flanges, generating prospects for integrated bundling through a single supply chain while lowering costs for our clients. All facilities in the Houston region, Canada, and Mexico are included in the deal. Maass Flange Corporation is a US-based global flange manufacturer.

The countries covered in the flanges market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The flanges market research report is one of a series of new reports from The Business Research Company that provides flanges market statistics, including flanges industry global market size, regional shares, competitors with a flanges market share, detailed flanges market segments, market trends and opportunities, and any further data you may need to thrive in the flanges industry. This flanges market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.