Flanges Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Weld Neck Flanges, Slip-On Flanges, Socket Weld Flanges, Blind Flanges, Lap Joint Flanges, Threaded Flanges), By Material(Carbon Steel Flanges, Stainless Steel Flanges, Alloy Steel Flanges, Duplex Stainless Steel Flanges), By End User (Oil and Gas, Chemical and Petrochemical, Water and Wastewater Treatment, Power Generation, Aerospace and Defense, Shipbuilding) By Region & Competition, 2021-2031F

Forecast Period	2027-2031
Market Size (2025)	USD 6.07 Billion
CAGR (2026-2031)	5.27%
Fastest Growing Segment	Threaded Flanges
Largest Market	Asia Pacific
Market Size (2031)	USD 8.26 Billion

Market Overview

The Global Flanges Market will grow from USD 6.07 Billion in 2025 to USD 8.26 Billion by 2031 at a 5.27% CAGR. Flanges are essential mechanical components, typically forged or cast rings, designed to connect pipes, valves, pumps, and other equipment to form a secure and accessible piping system. The Global Flanges Market is primarily driven by the robust expansion of the energy sector, particularly in oil and gas exploration, alongside extensive investments in municipal water and wastewater infrastructure. These fundamental drivers create a sustained requirement for high-integrity connection technologies across industrial applications. According to the Indian Stainless Steel Development Association, in fiscal year 2025, stainless steel consumption increased by 8% to reach 4.85 million tonnes, underscoring the growing industrial demand for the critical raw materials utilized in flange manufacturing.

However, a significant challenge impeding market expansion is the volatility of raw material prices, specifically for carbon steel and alloys, which introduces uncertainty into production costs and procurement strategies. This financial instability can delay capital projects and erode profit margins for manufacturers, making it difficult to maintain competitive pricing structures. Consequently, supply chain fluctuations remain a critical barrier that stakeholders must navigate to ensure consistent market growth.

Key Market Drivers

The expansion of oil and gas exploration and refining activities acts as a primary catalyst for the global flanges market. As energy companies intensify efforts to secure hydrocarbon reserves and upgrade processing capabilities, the requirement for robust piping components to withstand high pressure and corrosive environments increases significantly. This surge in upstream and downstream projects necessitates substantial procurement of forged and cast flanges for connecting pipe sections and control equipment. According to the International Energy Agency, June 2024, in the 'World Energy Investment 2024' report, global upstream oil and gas investment is expected to increase by 7% to reach USD 570 billion in 2024. This capital injection directly supports the deployment of new extraction infrastructure and the modernization of existing refinery networks, thereby sustaining the demand for industrial flanges.

Simultaneously, the growth in renewable energy and power generation infrastructure is fundamentally reshaping the market landscape. The transition toward cleaner energy sources requires extensive piping systems for geothermal plants, hydroelectric facilities, and emerging hydrogen transport networks, all of which rely on precision-engineered flanges for structural integrity. According to the International Energy Agency, January 2024, in the 'Renewables 2023' report, global annual renewable capacity additions increased by almost 50% to nearly 510 gigawatts in 2023. This rapid capacity expansion necessitates reliable connection solutions for diverse operational pressures. Furthermore, the broader industrial environment remains conducive to production. According to the World Steel Association, in 2024, global steel demand is forecast to rebound by 1.7% to reach 1,793.1 Mt, indicating a stable material supply chain for manufacturing these critical steel-based components.

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Key Market Challenges

The volatility of raw material prices, particularly for carbon steel and alloys, constitutes a substantial impediment to the steady growth of the Global Flanges Market. Unpredictable shifts in the cost of these essential inputs complicate procurement strategies and disrupt financial planning for manufacturers. When material costs fluctuate rapidly, producers struggle to maintain competitive pricing structures without compromising profit margins. This instability often forces suppliers to pass increased costs onto clients, creating friction in contract negotiations and delaying the finalization of long-term supply agreements.

According to the World Steel Association, in October 2024, global steel demand was projected to rebound by 1.2% to reach 1,772 million tonnes in 2025, following a period of contraction. Such shifts in demand metrics highlight the underlying variability in the raw material landscape that flange manufacturers must navigate. This uncertain economic environment causes hesitation among stakeholders in the energy and infrastructure sectors, leading to the postponement of capital-intensive projects. As a result, the immediate demand for piping components is suppressed, directly hampering overall market expansion.

Key Market Trends

The development of hydrogen-ready flange solutions is emerging as a critical trend as the energy sector accelerates the construction of dedicated transport infrastructure. Unlike standard natural gas components, flanges designed for hydrogen service must address specific metallurgical challenges, such as hydrogen embrittlement and high-pressure leakage, necessitating the use of specialized austenitic stainless steels and advanced metal-to-metal sealing technologies. This technical evolution is directly supported by the rapid maturation of the hydrogen economy, which is moving from planning to execution. According to the Hydrogen Council, September 2024, in the 'Hydrogen Insights 2024' report, committed capital for clean hydrogen projects reaching final investment decision increased seven-fold since 2020 to reach USD 75 billion in 2024, signaling a massive impending deployment of compatible piping hardware.

Simultaneously, the market is witnessing a distinct shift toward eco-friendly manufacturing practices, driven by stringent decarbonization mandates from end-users in the energy and heavy industry sectors. Manufacturers are increasingly adopting low-carbon production methods, including the utilization of "green steel" feedstock and energy-efficient electric induction forging, to reduce the embodied carbon of their products. This transition is essential for aligning with the sustainability goals of infrastructure developers who are strictly scrutinizing Scope 3 emissions. According to the World Economic Forum, December 2024, in the 'Net-Zero Industry Tracker 2024' report, the global steel industry has set targets to reduce emission intensity for primary steel by 45% by 2030, creating a regulatory and commercial environment that compels flange producers to modernize their fabrication lifecycles.

Segmental Insights

The Threaded Flanges segment is currently positioning itself as the fastest growing category within the Global Flanges Market, driven primarily by the critical requirement for safe assembly in volatile environments. Unlike welded counterparts, these components facilitate installation without heat application, making them indispensable in areas where open flames or welding arcs present severe explosion risks. This distinct advantage aligns with stringent industrial safety regulations that prioritize non-welded connections in hazardous zones to ensure personnel safety. Additionally, the capability for rapid dismantling and reassembly during maintenance operations accelerates their adoption in smaller piping systems, thereby fueling the substantial expansion of this segment.

Regional Insights

Asia Pacific maintains a dominant position in the Global Flanges Market, driven by rapid industrialization and extensive infrastructure development in key economies like China and India. The region experiences substantial demand from the energy sector, specifically for oil and gas pipelines, refinery upgrades, and power generation projects. Additionally, the area's role as a major manufacturing hub and increasing government investments in water and wastewater management systems further support market expansion. Insights aligned with the International Energy Agency highlight the region's growing energy infrastructure needs, confirming the critical reliance on durable piping components for these industrial applications.

Recent Developments

• In January 2025, Aperam S.A. successfully completed the acquisition of Universal Stainless & Alloy Products, a premier supplier of specialty steels for the aerospace and industrial sectors. The transaction, valued at approximately $539 million, integrated Universal’s substantial manufacturing assets, which produce semi-finished and finished specialty steel products including materials used for high-performance flanges. This acquisition marked a major expansion of the company’s footprint in the United States and broadened its portfolio of high-value alloys. The strategic combination was expected to generate operational synergies and provide customers in the Global Flanges Market with a more diverse range of corrosion-resistant and high-strength material options.
• In July 2024, Lamons, a leading global provider of safety sealing and attachment solutions, completed the acquisition of Auge Industrial Fasteners, a manufacturer of high-quality critical fastening products. This strategic move significantly enhanced Lamons' portfolio by integrating complementary products essential for the assembly and integrity of flange connections. By securing Auge’s manufacturing capabilities, the company strengthened its vertical integration, allowing for superior quality control and supply chain reliability. The acquisition was aimed at delivering comprehensive solutions for mission-critical applications in the petrochemical and energy industries, where secure flange and fastener performance is paramount.
• In March 2024, Gulf Manufacturing, LLC (GMI Group) announced a transformative merger with Maass Global Group, a world-renowned manufacturer of specialty forged products and flanges. This strategic collaboration combined GMI’s strength in API fittings with Maass’s extensive capabilities in producing stainless steel and high-nickel alloy flanges. The union created a robust global entity capable of serving the upstream, midstream, and downstream sectors with a wider range of high-performance components. The merger included manufacturing and distribution facilities across Germany, India, and the United States, positioning the combined company to better meet the diverse technical requirements of the global energy and industrial markets.
• In January 2024, Texas Pipe & Supply officially finalized the strategic rebranding of its subsidiary, MultAlloy, integrating all branches under the Texas Pipe & Supply identity. This consolidation was implemented to present a unified brand for the distribution of carbon and stainless steel pipe, fittings, and flanges to the global market. By streamlining its operations, the company aimed to simplify the quoting and purchasing process for its customers while enhancing the availability of its extensive inventory. This development reinforced the organization's standing as a premier supplier in the flanges and industrial piping sector, ensuring a more efficient supply chain for critical infrastructure projects.

Key Market Players

• Outokumpu Oyj
• Sandvik AB
• Parker Hannifin Corporation
• Viraj Profiles Limited
• AFG Holdings Inc.
• Georg Fischer AG
• ASC Engineered Solutions
• Texas Flange, Inc.
• Metalfar S.p.A.
• Bonney Forge Corporation

By Type	By Material	By End User	By Region
Weld Neck Flanges Slip-On Flanges Socket Weld Flanges Blind Flanges Lap Joint Flanges Threaded Flanges	Carbon Steel Flanges Stainless Steel Flanges Alloy Steel Flanges Duplex Stainless Steel Flanges	Oil and Gas Chemical and Petrochemical Water and Wastewater Treatment Power Generation Aerospace and Defense Shipbuilding	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Flanges Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Flanges Market, By Type:

• Weld Neck Flanges
• Slip-On Flanges
• Socket Weld Flanges
• Blind Flanges
• Lap Joint Flanges
• Threaded Flanges

• Flanges Market, By Material:

• Carbon Steel Flanges
• Stainless Steel Flanges
• Alloy Steel Flanges
• Duplex Stainless Steel Flanges

• Flanges Market, By End User:

• Oil and Gas
• Chemical and Petrochemical
• Water and Wastewater Treatment
• Power Generation
• Aerospace and Defense
• Shipbuilding

• Flanges Market, By Region:

• North America
• United States
• Canada
• Mexico
• Europe
• France
• United Kingdom
• Italy
• Germany
• Spain
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE