Flanges Market Poised for $7.39 Billion Growth by 2031: Connecting the Future

In a recent report titled "Flanges Market," Allied Market Research unveils a promising forecast for the flanges market, which was valued at $4.50 billion in 2021 and is projected to reach an estimated $7.39 billion by 2031. With a notable Compound Annual Growth Rate (CAGR) of 5% from 2022 to 2031, the flanges market is set to play a pivotal role in pipeline systems.

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Flanges, integral components in pipelines, play a crucial role in securely connecting pipes. The correct material composition, size, and design are imperative to prevent leakage and erosion. In 2021, Asia-Pacific took the lead in the global flanges market, accounting for approximately 38% of the global market share. Flanges serve as a medium for connecting pipes, valves, pumps, and other equipment, forming essential elements of piping systems. They also provide easy access for inspection, cleaning, or modification, typically achieved through welding or screwing flanges together with a gasket to ensure a sealed joint.

The integration of control technologies has played a significant role in reducing liquid wastage in pipes and valves, consequently lowering costs and fostering growth in the flanges market. The focus on increased oil & gas production in North America has driven substantial demand for flanges, particularly with rising investments in extraction leading to infrastructural development.

Asia-Pacific remained the largest contributor to the global flanges market in 2021, while the U.S. and Canada held strong positions as major consumers in North America. Lucrative growth opportunities are anticipated in China and India during the forecast period, driven by low material costs and substantial growth in industrial infrastructure.

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The global flanges market is segmented based on type, material, industry verticals, and region. Types include slip-on, socket weld, threaded, and others, while materials encompass stainless steel, carbon steel, aluminum, and others. Industry verticals shaping the market include automotive, oil and gas, manufacturing, HVAC, and others. Region-wise analysis covers North America, Europe, Asia-Pacific, and LAMEA.

Key players in the flanges market include AFG Holdings, Inc., Coastal Flange, Inc., Flanschenwerk Bebitz GmbH, General Flange & Forge LLC, Hitachi, Kerkau Manufacturing, Kohler Corporation, Mass Global Group, METALFAR Prodotti Industriali S.P.A., Outokumpu Armetal Stainless Pipe Co. Ltd (OASP), Pro-Flange, Qontrol Devices, Inc., Saini Flange (p) ltd., Sandvik AB, Simtech Process Systems, SSI Technologies, Inc., and Texas Flange. These industry leaders have embraced strategies such as product launches, partnerships, business expansions, and acquisitions to enhance their offerings and services in the flanges industry.

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Key Findings of the Study:

The report provides a comprehensive analysis of current and emerging trends and dynamics in the global flanges market.

The "others" segment was the largest revenue generator in 2021 based on type.

The "others" segment also generated the highest revenue in 2021 based on material.

The oil & gas segment dominated the market in 2021 based on industry verticals.

Asia-Pacific is expected to maintain its dominance in the global flanges market throughout the study period.

The report offers an extensive analysis of the global flanges market outlook.

A forecast analysis from 2022 to 2031 is included in the report, providing insights into the future of the flanges market.


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