Flanges Market Assessment, Trends Analysis and Competition Background during 2019 to 2027

The global flanges market study presents an all in all compilation of the historical, current and future outlook of the market as well as the factors responsible for such a growth. With SWOT analysis, the business study highlights the strengths, weaknesses, opportunities and threats of each flanges market player in a comprehensive way. Further, the flanges market report emphasizes the adoption pattern of the flanges across various industries.

The flanges market report highlights the following players:

• General Flange & Forge LLC
• Outokumpu Armetal Stainless Pipe Co Ltd.
• Pro-Flange Limited
• Kerkau Manufacturing
• Others

The flanges market report examines the operating pattern of each player – new product launches, partnerships, and acquisitions – has been examined in detail.

The global flanges market is moderately fragmented with the presence of several small and large-scale firms. The market is characterized by intense competition between the participants within the international and regional industry fronts. Industry players are focusing primarily on efficiently designed flanges for several industries.

The global flanges market is projected to grow at a CAGR of over 5.5% and is estimated to reach a value pool of over US$ 7 Bn by the end of the forecast period (2019-2027). Strengthened by a booming petrochemical industry, with an impetus to power generation activities around the world, the global flanges market is positioned to achieve significant growth during the forecast period. The petrochemical industry is among the principal utilizers of refinery and pipeline flanges. Increasing oil consumption in both Asian and North American countries is the primary contributor to market growth for flanges. Other key factors influencing the demand for flanges is the robust expansion of the U.S. petrochemical industry caused by increasing exploration and the country’s crude oil production activities. Refurbishments, replacements, and improvements in refineries is further fueling industry growth.

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Fragmented Market Hinging on Production Capabilities, with Maximum Concentration in APAC

The competitive flanges business environment is shaped by the existence of several small and large-scale businesses. The players in the market are concentrated primarily in Asian countries followed by North America. Companies are adopting different strategies to distinguish themselves from other players. For example, in Italy, AF Global has integrated their business with Special Flanges. The merger is intended to strengthen the company’s production capability and product portfolio for flanges.

Find More Valuable Insights on the Market

Fact.MR, in its new offering, provides an unbiased analysis of the global market for flanges, with historical data on demand (2013-2018) and expected projections for the period 2019-2027. The report discloses compelling insights into the demand for flanges based on type (welding neck, long welding neck, slip-on, socket weld, lap joint, others(threaded, blind)), material (carbon steel, stainless steel, aluminum, polymer, others (cast iron, bronze)) and end use industry (aviation and aerospace, petrochemical, architectural decoration, food & beverages processing, construction) across several major regions.

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