Flanges Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2027

Published on : Jan-2020 | List of Tables : 146 | List of Figures : 109 | No. of Pages : 170 | Report Code : FACT4472MR |

Demand for Flanges to Double as Petrochemical Industry Gathers Momentum

The global flanges market is estimated to grow at a modest CAGR of over 5.5% during the forecast period (2019-2027) and reach a valuation of over US$ 7 Bn. The demand for flanges is expected to gain traction in the near future and is estimated to generate massive revenue sales over the forecast period. In addition, the growth of the automotive industry is expected to generate robust demand for automotive flanges over the forecast period, primarily due to the rising production of new passenger cars. Key manufacturers are implementing new manufacturing techniques and using novel materials to manufacture lightweight flanges in the quest to decrease the overall vehicle mass. One of the other main utilizers of refinery and pipeline flanges is the petrochemical industry. Increasing oil consumption in both Asian and North American countries is an important contributor to the growth of the flanges market.

The petrochemical industry will account for a significant share of more than 35% by mid-term forecast in the production of flanges as attachment components in pipes, valves, and pumps. The petrochemical sector is expected to grow at a rapid pace as the use of flanges in this sector can offer various benefits to valve metering devices and also to separate segments of piping.

Wastewater Management Snowballing Demand for Stainless Steel Flanges

The flanges industry has seen a substantial rate of growth accredited to the proliferation of wastewater management systems around the world. The stainless steel segment within the flanges market acquired a share of over 40% till 2018, due to its ability to provide high corrosion resistance and ease of manufacturing. Global wastewater treatment and sanitation laws and mechanisms, such as the Water Supply and Sanitation Collaborative Council (WSSCC), have emphasized the use of flanges in pipelines. As these flanges can be quickly accumulated and undone, it helps to ensure continuous fluid flow and protect the marine environment in effortless cleaning & maintenance. Due to its elevated corrosion resistant properties and good service life, stainless steel flanges are used in wastewater management plants.

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 APAC to Capture 1/3rd Market Share, as Automotive Industry Gathers Momentum

Driven by the region's numerous developing countries, Asia Pacific has emerged as the largest flanges market in 2018 with over 1/3rd market share. The automotive industry in APAC faces fierce competition from regional counterparts and is embracing diversification. With an increase in the production of automotive vehicles in the APAC region, particularly in China, India & ASEAN countries, the demand for automotive flanges is likely to increase substantially in the above-mentioned countries. In addition, joint efforts from APAC countries is anticipated to boost the flanges market in order to expand the total sales of the passenger vehicles.

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Manufacturers to Target Design Efficiency and After Sales Support

The global flanges market is moderately fragmented with the presence of several small and large-scale firms. The market is characterized by intense competition between the participants within the international and regional industry fronts. Industry players are focusing primarily on efficiently designed flanges for several industries. Top tier participants are also providing efficient after sales customer support services to consumers. Key players such as General Flange & Forge LLC, Outokumpu Armetal Stainless Pipe Co Ltd and Pro-Flange Limited have acquired top shares in the global flanges market. Other competitors are focusing on the production of client specific flanges for various vertical industries. Moreover, emerging competitors in the market are concentrated primarily in Asian countries followed by North America.

Global Flanges Market – Scope of the Report

The following report provides forecast and analysis of the global flanges market along with the historical data of 2013, estimated data 2019 and forecast data up to 2027 in terms of revenue (US$ Mn) and volume (Units), according to a Fact.MR study. The research propounds critical trends that are currently influencing growth within the global flanges market along with several macro-economic indicators. This newly published and insightful report on flanges sheds light on key dynamics, and their impact on the overall value chain from suppliers to end-users, which are expected to transform the future of the global flanges market.

The report also comprises the study of current issues with end users and opportunities for flanges. It also contains value chain analysis, including the key market participants. To provide users of this report with a comprehensive view of the market, we have included a detailed competitive analysis about the key players involved in the market and strategic overviews. The dashboard included in the report provides a detailed comparison of flanges manufacturers on parameters such as total revenue, product offerings, and key strategies. A list of key companies operating in the flanges market provided in the report adds to the credibility of this exhaustive research study.

Global Flanges Market: In-Depth Assessment on Key Segments

The global flanges market is segmented on the basis of type, material, end use industry and region.

Type

Material

End Use Industry

Region

Welding Neck

Carbon Steel

Aviation and Aerospace

North America

Long Welding Neck

          Stainless Steel 

Petrochemical

Latin America

Slip-On

Aluminum

Architectural Decoration

Europe

Socket Weld

Polymer

Food & Beverages Processing

APAC

Lap Joint

 Others (Cast Iron, Bronze)

Construction

MEA

Others (Threaded, Blind)

 

 

 

 

 

 

 

Note: This taxonomy is confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited.

Country-specific assessment on demand for flanges has been provided for each regional market, along with the market size valuation and forecast price point assessment, price index and impact analysis of key regional and country-wise dynamics, which were obtained through quotes from numerous flanges manufacturers, experts, and suppliers. Y-o-Y growth projections have also been offered on all regional markets incorporated in the report. Moreover, future trends, growth prospects, and other possibilities related to the market have been answered in the report.

The report provides company-level market share analysis, which has been derived on the basis of the company’s annual sales and segmental revenue in all the target end-use industries. The market has been forecasted based on constant currency rates. The report provides detailed competitive and company profiles of key participants operating in the global market. Some of the major competitors operating in the flanges market are General Flange & Forge LLC, Outokumpu Armetal Stainless Pipe Co Ltd, Pro-Flange Limited, Kerkau Manufacturing, Texas Flange, Mass Global Group and others.

Global Flanges Market: Research Methodology

A number of primary and secondary sources were consulted during the course of the study. Secondary sources include Factiva, Morningstar and Hoovers, and company annual reports and publications. Comprehensive interviews have been conducted by our analysts, and the intelligence and insights obtained have been used for validating the information gained through secondary research. The report also includes a description of assumptions and acronyms utilized for research purposes. Data gathered has been validated using the triangulation method to offer useful quantitative and qualitative insights into the flanges market.

A short market viewpoint offered in the report elucidates the macro-economic aspects that influence the growth of the flanges market, which includes global GDP growth rate, various industries growth rate, such as the petrochemical and the aviation industry. This report serves as an authentic resource of intelligence on the flanges market, enabling the readers to take fact-based decisions on the future direction of their businesses.

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Flanges Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2027