Global Flanges Market size worth over $6bn by 2025

Published Date: June 24, 2019

Flanges Market size will surpass USD 6 billion by 2025; according to a new research report by Global Market Insights Inc.

Flanges market share has been witnessing a significant growth rate accredited to rising awareness for wastewater management programs worldwide. International regulations and frameworks associated with wastewater treatment and sanitation such as Water Supply and Sanitation Collaborative Council (WSSCC), have laid emphasis on deployment of flanges in pipelines. Since these flanges can be easily assembled and disassembled, it helps in effortless cleaning & maintenance to ensure constant flow of liquids and enable protection of marine environment. Stainless steel flanges are used in wastewater management plants due to their high corrosion resistant properties and a good service life. The stainless-steel grade with increased chromium content is used in flanges resist corrosion arising out of chlorides like seawater making it a necessary choice of wastewater plant processes.

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Flanges are manufactured from a variety of raw materials including stainless steel, nickel alloy, carbon steel, alloy steel, etc. Stainless steel is the most preferred raw material with a share of approximately 45% of the total market share in 2025. Carbon steel has around 2.1% carbon content by weight, and flanges made of these materials found their applications in petrochemicals, power generation, offshore oil drilling operations, sea water equipment, gas processing systems etc.

Browse key industry insights spread across 378 pages with 895 market data tables & 23 figures & charts from the report, Flanges Market Size By Material (Stainless Steel, Alloy Steel, Nickel Alloy, Carbon Steel), By Size (0.5 to 12 inches, 13 to 24 inches and 25 to 60 inches), By Shape (Weld Neck, Slip-on, Socket Weld, Lap Joint, Blind), By End Users [Oil & Gas (Upstream, Midstream, Downstream), Petrochemical, Power generation, Wastewater management, Chemical Industry] Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025”in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/flanges-market

Flanges are manufactured in different sizes as per the specifications in ANSI/ASME B16 standards. The standards mention the size and method for designating openings in reducing fittings, minimum material requirements, tolerances and dimensions, fastener and gasket dimensions, and all tests required in the process.

Flanges are classified on the basis of shape as into weld neck, slip on, lap joint, socket weld, blind flanges, etc. Weld neck flanges have been dominant in the shape segment and will account for a share of almost 60% in the total market share in 2025. Each class of flange has distinct properties and application areas. For instance, socket weld flanges are mainly utilized in small size and high-pressure applications such as in chemical processes, hydraulic and steam distribution lines.

Flanges are known as integral parts of several plumbing and engineering equipment. Henceforth, they serve a range of end user industries. Some of major end-users of flanges are oil & gas, power generation, wastewater management, petrochemicals etc. Torque flanges are used mostly in power plants. Power generation segment will register a revenue more than USD 750 million for the market in 2025.

Asia Pacific and Europe are the most significant regions for flanges market share accounting for a share of around 50% and 20% respectively. The reason behind Asia Pacific seeking a high growth rate for flanges is its established steel industry. Easy availability of raw materials and large pipeline networks to cater the huge regional population will be key driving factors.

Owing to presence of large number of end-users, flanges market share is highly fragmented in nature. Some of key industry players include Texas Flange, Pro-Flange Limited, Outokumpu, General Flange & Forge, Sandvik Materials Technology etc.

Flanges market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons & revenue in USD million from 2014 to 2025, for the following segments:

Flanges Market, Material by End-user

• Stainless steel

• Oil & Gas
  • Upstream
  • Midstream
  • Downstream
• Petrochemical
• Power Generation
• Wastewater Management
• Chemical
• Others (marine, food processing, etc.)
  • Alloy steel
• Oil & Gas
  • Upstream
  • Midstream
  • Downstream
• Petrochemical
• Power Generation
• Wastewater Management
• Chemical
• Others (marine, food processing, etc.)
  • Nickel alloy
• Oil & Gas
  • Upstream
  • Midstream
  • Downstream
• Petrochemical
• Power Generation
• Wastewater Management
• Chemical
• Others (marine, food processing, etc.)
  • Carbon steel
• Oil & Gas
  • Upstream
  • Midstream
  • Downstream
• Petrochemical
• Power Generation
• Wastewater Management
• Chemical
• Others (marine, food processing, etc.)
  • Others
• Oil & Gas
  • Upstream
  • Midstream
  • Downstream
• Petrochemical
• Power Generation
• Wastewater Management
• Chemical
• Others (marine, food processing, etc.)

Flanges Market, Size

• 0.5 to 12 inches
• 13 to 24 inches
• 25 to 60 inches

Flanges Market, Shape

• Weld Neck
• Slip-on
• Socket weld
•  Lap joint
• Blind
•  Others

Flanges Market, End User

• Oil & gas
  • Upstream
  • Midstream
  • Downstream
• Petrochemical
•  Power Generation
•  Wastewater management
• Chemical
•  Others 

The above information is provided on a regional and country basis for the following:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • Indonesia
  • Malaysia
  • South Korea
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Kuwait