A Comprehensive Overview of the Global Flanges Market (2021-2031): Navigating Growth

Allied Market Research recently unveiled an insightful report, "Flanges Market by Type, Material, and Industry Verticals: Global Opportunity Analysis and Industry Forecast, 2021-2031." This comprehensive study delves into the dynamic landscape of the flanges industry, examining market trends, key segments, investment opportunities, value chain dynamics, competitive scenarios, and regional landscapes. The global flanges market, estimated at $4.50 billion in 2021, is projected to reach $7.39 billion by 2031, with a notable CAGR of 5.0% from 2022 to 2031.

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Driving Forces of Growth:

The adoption of control technologies has proven instrumental in curbing liquid wastage through pipes and valves, resulting in cost reductions and propelling the global flanges market forward. Additionally, the increasing focus on expanding oil and gas production, particularly in North America, has further fueled market growth. Robust growth prospects in developed and developing regions have provided key players with significant opportunities for expansion.

Impact of Covid-19:

The flanges market faced setbacks during the Covid-19 pandemic due to disruptions in construction, transportation, and supply chains across various industry verticals. However, as industries resume regular manufacturing and services, the flanges market is recovering swiftly.

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Segment Insights:

The Dominance of the "Others" Segment by 2031:

The "Others" segment contributed nearly two-fifths of the global flanges market share in 2021.

It is expected to maintain this lead by 2031, with a forecasted CAGR of 5.8%, driven by extensive applications by end-users.

The report also covers segments such as slip-on, socket weld, and threaded.

Material Matters: The Reign of the "Others" Segment:

The "Others" segment generated over one-fourth of the global flanges market revenue in 2021.

It is projected to maintain its dominance through 2031, exhibiting the fastest CAGR of 5.5%.

This is attributed to the high strength and flexibility of flanges manufactured with alloy material.

Other material segments include stainless steel, carbon steel, and aluminum.

Oil and Gas Segment Holds Strong:

The oil and gas segment accounted for nearly one-third of the global flanges market revenue in 2021.

Its dominance is linked to the large-scale piping systems in the industry.

The "Others" segment is anticipated to witness the fastest CAGR of 7.3% from 2022 to 2031, driven by increased piping applications across various industries.

The study also analyzes segments like automotive, manufacturing, and HVAC.

Regional Dynamics:

Asia-Pacific Leads the Charge:

Asia-Pacific held a substantial share of nearly two-fifths of the global flanges market in 2021.

The region is expected to witness the fastest CAGR of 6.0% throughout the forecast period, fueled by rapid development in countries such as China and India.

Other regions covered in the report include North America, Europe, and LAMEA.

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Key Industry Players:

The report profiles key players shaping the flanges market, including Coastal Flange, Inc., Flanschenwerk Bebitz GmbH, Hitachi, Mass Global Group, Kerkau Manufacturing, Kohler Corporation, Texas Flange, METALFAR Prodotti Industriali S.P.A., AFG Holdings, Inc., Pro-Flange, Qontrol Devices, Inc., Saini Flange (p) ltd., Outokumpu Armetal Stainless Pipe Co. Ltd (OASP), Sandvik AB, Simtech Process Systems SSI Technologies, Inc., and General Flange & Forge LLC. These industry leaders play pivotal roles in driving innovation and growth within the global flanges market.


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