Global Flanges Market
Metal and Mineral

Flanges Market Key Insights 2024-2033: Growth Rate, Trends And Opportunities

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The Business Research Company’s Flanges Global Market Report 2024 offers crucial insights into the flanges market help businesses analyse and build stronger strategies.

Introduction: The Phenomenal Growth Trajectory

  • The flanges market has witnessed robust growth in recent years.
  • It is poised to increase from $4.92 billion in 2023 to $5.27 billion in 2024, with a CAGR of 7.0%.

Driving Forces Behind Historic Growth

  • Industrial Growth and Infrastructure Development: Fueling demand for piping systems.
  • Expansion of Oil and Gas Exploration: Vital for upstream and downstream projects.
  • Power Generation Projects: Flanges are integral components in power generation systems.
  • Shipbuilding and Marine Industries: Crucial for various marine applications.
  • Chemical and Petrochemical Sector Growth: Increasing demand for flanges in chemical processing plants.

Anticipated Growth Factors in the Forecast Period

  • Renewable Energy Projects: Demand for flanges in wind and solar energy systems.
  • Emphasis on Corrosion-Resistant Materials: Addressing durability concerns.
  • Increased Focus on Sustainable Practices: Driving adoption of eco-friendly materials.
  • Rise in Pipeline Construction Projects: Meeting infrastructure demands.
  • Global Events and Energy Policies: Shaping market dynamics and requirements.

Rise In Petroleum Industry To Drive Market Growth

  • The expanding petroleum industry is a significant driver for the flanges market.
  • Flanges play a crucial role in pipeline construction, refinery operations, and oil and gas exploration.
  • Global energy demand, technological advancements, and government policies further fuel demand.
  • For example, Canada witnessed a 0.8% increase in refined petroleum product production in 2022.

Read The Full Flanges Market Report Here:

Major Players in the Flanges Market

  • SSI Technologies LLC
  • Simtech Process Systems
  • Qontrol Devices Inc.
  • Saini Flange Pvt Ltd.
  • And many more…

Advancement In Gasket Solution With DeltaV-Seal

  • Innovations in gasket solutions are transforming the market.
  • Stainless steel seals, like the DeltaV-Seal, offer enhanced performance and corrosion resistance.
  • For instance, Pipeotech launched the DeltaV-Seal for nitric acid service, catering to fertilizer plants’ needs.
  • This technology addresses the challenge of sealing nitric acid lines and emphasizes sustainability.

AFG Holdings Expands Global Presence And Portfolio

  • AFG Holdings acquired Mass Flange Corporation in June 2021.
  • This acquisition strengthens AFG Holdings’ position in carbon flanges globally.
  • Integrated bundling through a single supply chain and cost reduction are key benefits.
  • Mass Flange Corporation’s facilities in Houston, Canada, and Mexico are part of the deal.

Segmentation of the Flanges Market

  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

Regional Insights

  • Asia-Pacific led the flanges market in 2023.

Conclusion: Capitalizing on Opportunities in a Thriving Market
The flanges market showcases substantial growth potential driven by various industries’ needs and technological advancements. With the petroleum industry expansion, innovations in gasket solutions, and strategic acquisitions, the market is poised for further expansion. As stakeholders navigate through evolving market dynamics and embrace sustainable practices, opportunities abound for those who can adapt and innovate to meet the ever-changing demands of the global flanges market.

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The Flanges Global Market Report 2024  provides a comprehensive outlook of the flanges market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The flanges market forecast offers a thorough analysis on flanges market size, flanges market share, prominent players and their strategies.

The Table Of Content For The Flanges Market Include:

1. Flanges Market Executive Summary
2. Flanges Market Segments
3. Flanges Market Size And Flanges Market Growth Rate
4. Key Flanges Market Trends
5. Major Flanges Market Drivers
25. Key Mergers And Acquisitions In The Flanges Market
26. Top Flanges Companies
27. Flanges Market Opportunities And Strategies
28. Flanges Market, Conclusions And Recommendations
29. Appendix

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