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The flanges industry is undergoing a significant shift towards lightweight and corrosion-resistant composite materials like fiber-reinforced polymers (FRPs). FRPs offer substantial weight reduction compared to traditional steel flanges. According to a study by the American Composites Manufacturers Association (ACMA), FRP flanges can be up to 60% lighter than their steel counterparts. This translates to significant cost savings in transportation and installation, especially for large-scale projects. Additionally, advancements in manufacturing processes like filament winding and resin transfer molding are enabling the production of high-strength and cost-effective FRP flanges, thereby propelling the market growth.
Additionally, advancements in manufacturing techniques are impacting the flanges market. One example is the growing use of robotic welding and automated assembly lines for composite flanges. This allows for mass production of high-quality flanges, driving down costs and improving overall efficiency in the market. These advancements enable the use of innovative materials and complex designs, further expanding the capabilities of flanges. The American Welding Society (AWS) reports that the adoption of robotic welding in the flange industry is increasing at a rapid pace. This is driven by the ability of robots to achieve consistent and high-quality welds, particularly for complex geometries often encountered in composite flanges.