Press release
Future of the Flanges Market: Trends, Innovations, and Key Forecasts Through 2034
Flanges Market
Flanges Market Size Growth Forecast: What to Expect by 2025?
The flanges market has experienced robust growth in recent periods. The market is estimated to expand from a value of $5.19 billion in 2024 to $5.53 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 6.5%. The expansion during the historic phase can be linked to factors such as industrial and infrastructural enhancement, increasing activities in oil and gas exploration, progression in power generating initiatives, progress in shipbuilding and marine industries, and growth in the chemical and petrochemical sector.
How Will the Flanges Market Size Evolve and Grow by 2029?
It is anticipated that the flanges market will experience robust growth in the coming years, expanding to $7.33 billion in 2029 with a 7.3% compound annual growth rate (CAGR). The growth expectation for this duration is largely due to factors such as the rise in renewable energy initiatives, focus on the use of rust-resistant materials, increased inclination towards eco-friendly procedures, a surge in the execution of pipeline construction projects, the influence of global events, and evolving energy policies. The forecast period will likely observe several trends including the adoption of digital twin technologies, emphasis on sealing technologies, technological advancements in flange design, progress in manufacturing technologies, the impact of global events, and changing energy policies.
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What Drivers Are Propelling the Growth of Flanges Market Forward?
The upward enlargement of the petroleum industry is anticipated to drive the flanges market's development. Piping systems considerably depend on flanges. The construction and broadening of pipelines, oil and gas exploration, refinery procedures, upstream and downstream initiatives, worldwide energy consumption, advancements in technology, governmental policies, and global trade are all contributing to flanges' growing necessity. Statistique Canada, a Canada-based statistics agency, reported in March 2023 that the production of polished petroleum products in 2022 was 112.3 million cubic meters, indicating a 0.8% increase from the previous year. This enhancement largely resulted from a significant upturn in kerosene-type jet fuel procreation, which grew by 44.7%, and distillate fuel oil, which ascended by 2.1%. Thus, the escalating amplification of the petroleum business is fueling the advancement of the flanges market.
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Which Emerging Trends Are Transforming the Flanges Market in 2025?
Leading businesses in the flanges market are keen on creating advanced stainless steel seals as replacements for the current gasket technology. The modern stainless steel seal solutions deliver enhanced durability, higher performance, and better corrosion resistance than conventional gasket materials. For example, in June 2023, Pipeotech, a Gasket manufacturing firm based in Norway, introduced a new 304L stainless steel DeltaV-Seal for use in nitric acid services. This advancement is poised to offer significant cost savings to fertilizer plants by increasing the intervals between gasket replacements. The DeltaV-Seal confronts the challenge faced by industries in properly sealing nitric acid pipelines, particularly during the production of fertilizers. The DeltaV-Seal technology, while highlighting the firm's commitment to crafting durable and high-performing sealing solutions, also promises to lower carbon emissions in addition to providing operational benefits.
What Are the Key Segments in the Flanges Market?
The flanges market covered in this report is segmented -
1) By Type: Welding Neck, Long Welding Neck, Slip-On, Socket Weld, Lap Joint, Other Types
2) By Material: Carbon Steel, Stainless Steel, Aluminum, Polymer, Other Materials
3) By End User: Aviation And Aerospace, Petrochemical, Architectural Decoration, Food And Beverages Processing, Construction, Other End-Users
Subsegments:
1) By Welding Neck: Standard Welding Neck, Raised Face Welding Neck, Long Welding Neck Flanges
2) By Long Welding Neck: Raised Face Long Welding Neck
3) By Slip-On: Standard Slip-On, Raised Face Slip-On
4) By Socket Weld: Standard Socket Weld, Raised Face Socket Weld
5) By Lap Joint Flanges: Standard Lap Joint, Raised Face Lap Joint
6) By Other Types: Blind Flanges, Threaded Flanges, Orifice Flanges
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Who Are the Key Players Shaping the Flanges Market's Competitive Landscape?
Major companies operating in the flanges market include SSI Technologies LLC, Simtech Process Systems, Qontrol Devices Inc., Saini Flange Pvt Ltd, AFG Holdings, Coastal Flange, General Flange and Forge LLC, Mass Global Group, METALFAR Prodotti Industrial SA, Outokumpu Armetal Stainless Pipe Co., Pro-Flange Ltd., Sandvik AB, Texas Flange, Fastenal Company, Wilhelm Bollhoff GmbH und Co KG, STANLEY Engineered Fastening, Bebitz GmbH, Bonney Forge Corporation, C&N Industrial Limited, Cangzhou Ritia Pipe-Fittings Manufacture Co Ltd., Changsha Jetsun Trade Development Co., China Steel Flange Manufacturer, Dinesh Industries, Dynamic Forge & Fittings Pvt Ltd, Elite Piping Manufacture Co Ltd, Flange Wizard Inc., Forged Components Inc.
What Geographic Markets Are Powering Growth in the Flanges Market?
Asia-Pacific was the largest region in the flanges market in 2024. The regions covered in the flanges market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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