Flanges Market - Revenue Analysis and Growth Statistics by Leading Players to 2025
Category: #reports  By Rahul Varpe  Date: 2020-04-17
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Flanges Market - Revenue Analysis and Growth Statistics by Leading Players to 2025

Flanges come in different material types like stainless steel, aluminum, brass, cast iron, bronze, plastic etc. and are increasingly used in industries like oil & gas, petrochemicals, chemicals, and power generation. Growing investments across the oil & gas sector coupled with supporting government plans will expand flanges market size. For instance, in 2018, the Government of India announced plans to invest USD 9.97 billion to expand its gas pipeline network across the nation.

The overall Flanges Market is slated to depict a valuation of USD 6 billion by 2025, having registered a remuneration of USD 4.1 billion in 2018.

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Market Growth Drivers –

  1. Flourishing oil and gas industry
  2. Rising growth in power generation
  3. Rising awareness for wastewater treatment throughout the globe

Rapid industrialization and urbanization across developing nations are expected to drive flanges market growth. Flanges are effective metal parts that connect different pipes, valves, pumps and other equipment to form a pipeline system. They are mostly used for the joining process after welding and offer immense flexibility for pipeline maintenance. Flanges act as a vital component for systems that require regular cleaning, inspection or modification.

Weld neck flanges are machined to match a connecting tube’s internal diameter, eventually offering reduced friction and avoiding turbulence to gain less vibration and smoother, low noise flow. It offers more accurate and easier pipe alignment, effectively saving time on installation. Moreover, it offers excellent stress distribution and can easily be radiographed for detecting flaws.

The socket weld flanges segment has also attained significant market penetration in recent years. It is mostly used in smaller sizes due to its ease of application and accurate alignment. It is also used in high-pressure system like in chemical processes, hydraulic and steam distribution lines that do not transfer highly corrosive fluids.

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Top Companies: -

Jignesh Steel, Outokumpu Armetal Stainless Pipe Co Ltd (OASP), Pro-Flange Limited, Coastal Flange, Mass Global Group, Rajendra Industrial Corporation, Suraj Limited, Kerkau Manufacturing, General Flange & Forge LLC, Texas Flange, Viraj Profiles Ltd., Sandvik Materials Technology, Flanschenwerk Bebitz Gmbh, Metalfar, AFGlobal

In addition to water treatment plants, stainless steel flanges are also used in petrochemicals, offshore oil drilling operations, power generation, sea water equipment, gas processing systems and more. Reliable reports suggest that the segment will account for approximately 45% of the total flanges market share by 2025. Moreover, the material’s environment friendly and cost-effective properties are estimated to encourage industry adoption, fostering market size.

APAC flanges market is estimated to register commendable proceeds from wastewater management application. With expanding population and urbanization, wastewater management has become crucial across developing nations. Flanged pipes are mostly used in water and wastewater treatment plants due to their ease of assembly and disassembly. Increasing investments and government initiatives to support water conservation will propel flanges industry size across the region.

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What are the key takeaways of this report?

  1. A well-detailed evaluation of the pricing trends has been given in the report, pertaining to the product, application, as well as regional landscapes
  2. A well-detailed analysis of the vendor matrix alongside the important companies that will help to better understand the competitive scenario in the global market
  3. Important insights pertaining to the regulatory spectrum surrounding the industry, along with the investments by many shareholders in the global market
  4. A significantly deep evaluation of the many parameters propelling the overall market growth in combination with their influence on the projection as well as dynamics of the global market
  5. A detailed understanding of the numerous available growth opportunities in the global industry
  6. An extensive evaluation of the various trends prevailing in the global business space


About Author

Rahul Varpe

Email: [email protected]   

Rahul Varpe

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

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