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Flanges Market Share
Key players involved in the flanges industry are AFG Holdings, Inc., Coastal Flange, Inc., Texas Flange, Simtech Process Systems, Outokumpu Armetal Stainless Pipe Co. Ltd, which accounted for 15-20% market share in 2023. Manufacturers are continually investing in R&D to build quality products to increase operational efficiency and thus profitability. Manufacturers are incorporating materials such as corrosion resistant flanges to enhance longevity, thus decreasing manufacturing costs.
Flanges Market Companies
Major companies operating in the flanges industry include:
- AFG Holdings, Inc.
- Flanschenwerk Bebitz GmbH
- Hitachi
- Kerkau Manufacturing
- Kohler Corporation
- Maass Global Group
- Metalfar S.p.A.
- OCoastal Flange Inc
- Piping Technology & Products, Inc.
- Pro-Flange
- Simtech Process Systems
- SSI Technologies, Inc.
- Star Pipe Products, Ltd.
- Texas Flange
- utokumpu Armetal Stainless Pipe Co Ltd.
How substantial is the flanges market in Asia Pacific?
Asia Pacific flanges industry size surpassed USD 2.5 billion in 2023, driven by the region's booming construction and infrastructure projects.
Which are the major flanges manufacturers globally?
Prominent manufacturers operating in the flanges market are Hitachi, Kerkau Manufacturing, Kohler Corporation, Maass Global Group, Metalfar S.p.A., OCoastal Flange Inc, Piping Technology & Products, Inc., Pro-Flange, Simtech Process Systems, SSI Technologies, Inc., Star Pipe Products, Ltd., and Texas Flange among others.
What is propelling the demand for weld neck shaped flanges?
The flanges market share from the weld neck shaped segment will register 4% CAGR through 2032, attributed to the superior strength and ability of weld neck shaped flanges to withstand high pressure and temperature conditions.
What is the size of the flanges market?
The market size of flanges was recorded USD 5.4 billion in 2023 and will expand at a 5.8% CAGR between 2024 and 2032, owing to the rapid growth of the oil and gas industry.