Report Description

Forecast Period

2025-2029

Market Size (2023)

USD 4.87 billion

Market Size (2029)

USD 6.47 billion

CAGR (2024-2029)

4.69%

Fastest Growing Segment

Threaded Flanges

Largest Market

Asia Pacific

Market Overview

Global Flanges market has experienced tremendous growth in recent years and is poised to maintain strong momentum through 2029F. The market was valued at USD 4.87 billion in 2023 and is projected to register a compound annual growth rate of 4.69% during the forecast period. The global flanges market has witnessed remarkable growth, garnering attention from a diverse range of industries including manufacturing, healthcare, transportation, and logistics, which increasingly acknowledge the pivotal role of flanges in enhancing analytical capabilities and operational efficiency. Recognizing the critical importance of accurate and high-quality visualization, especially in challenging environments with demanding lighting conditions, leading providers have introduced cutting-edge solutions boasting wireless connectivity, real-time data visualization, and scalable infrastructure. These innovations facilitate automated processes, strategic insights generation, and performance monitoring, empowering business leaders to ensure precision in data visualization and streamline operations where visual representation quality is paramount. Through collaborative efforts with industry specialists worldwide, customized flanges solutions have been developed to address unique analytical and strategic objectives, particularly crucial for applications necessitating superior visualization accuracy under adverse environmental conditions. The industry has adeptly responded to the growing emphasis on evidence-based decision-making, driving heightened demand for displays capable of capturing high-quality visual data across diverse settings, thus highlighting the adaptability and versatility of flanges technology. Furthermore, the integration of emerging technologies such as the Internet of Things, sensors, and analytics platforms has significantly enhanced the capabilities of flanges systems. Positioned to support end-to-end data workflows, including large-scale, high-quality visualization, the flanges market stands as a cornerstone for sustained growth. With the increasing requirement for precise and efficient visualization across various industries, the flanges market is poised to maintain a positive trajectory well into the foreseeable future.

Key Market Driver

Infrastructure Development Driving Demand for Flanges:

One of the primary drivers propelling the Flanges Market is the robust global infrastructure development. As nations invest in the expansion and modernization of their infrastructure, the demand for flanges, essential components in various construction projects, experiences a significant upswing. Flanges play a crucial role in connecting pipes, ensuring secure and leak-free joints in infrastructure sectors such as water and wastewater treatment, oil and gas pipelines, and power generation plants. The ongoing construction of pipelines, refineries, and power facilities necessitates a substantial supply of flanges, driving the market's growth. The rising urbanization, coupled with the need for reliable and efficient fluid transportation systems, further amplifies the demand for flanges in infrastructure projects worldwide.

Increasing Energy Exploration and Production Activities:

The Flanges Market is further propelled by the increasing activities in energy exploration and production globally. As the demand for energy continues to rise, there is a notable surge in oil and gas exploration projects, both onshore and offshore. Flanges are integral components in the construction of pipelines, wellheads, and refineries within the oil and gas industry. The expansion of energy-related projects, driven by advancements in extraction technologies and the discovery of new reserves, directly correlates with the demand for flanges. Additionally, the growing emphasis on renewable energy sources, such as wind and solar power, contributes to the demand for flanges in the construction of sustainable energy infrastructure. This driver underscores the interconnectedness of the Flanges Market with the dynamic landscape of global energy needs.

Stringent Quality and Safety Standards in Process Industries:

Another key driver shaping the Flanges Market is the adherence to stringent quality and safety standards in process industries. Industries such as chemical, petrochemical, and power generation operate in environments where safety and reliability are paramount. Flanges, as critical components in piping systems, must conform to rigorous standards to ensure the integrity of industrial processes. The need for flanges that meet or exceed standards set by regulatory bodies and industry organizations drives innovation in design and materials. Manufacturers in the Flanges Market invest in research and development to produce flanges with enhanced strength, corrosion resistance, and durability. The increasing focus on quality assurance and safety compliance acts as a strong driver, compelling industries to procure high-quality flanges that contribute to the overall reliability and integrity of their operations.

These drivers collectively underscore the integral role of flanges in supporting global infrastructure development, energy exploration and production, and the stringent quality and safety standards within process industries. The Flanges Market is intricately connected to the evolving needs of key sectors, positioning it as a critical component in the facilitation of reliable and efficient industrial processes.



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Key Market Challenges

Market Volatility and Economic Uncertainties:

One of the prominent challenges confronting the Flanges Market is the inherent susceptibility to market volatility and economic uncertainties. The demand for flanges is intricately tied to the broader economic landscape, including sectors such as construction, oil and gas, and power generation. Economic downturns, fluctuations in commodity prices, and geopolitical tensions can significantly impact investment decisions and project timelines within these industries. During periods of economic uncertainty, projects may be delayed or put on hold, leading to a reduction in the demand for flanges. The cyclical nature of the industries served by the Flanges Market makes it vulnerable to sudden shifts in global economic conditions. Manufacturers and suppliers in the flanges sector must navigate this challenge by implementing flexible business strategies, diversifying their client base, and closely monitoring economic indicators to adapt to changing market dynamics

Intense Competition and Price Pressures:

An enduring challenge in the Flanges Market is the presence of intense competition and the resultant pressure on prices. The market comprises numerous manufacturers and suppliers globally, ranging from large multinational corporations to regional players. The competitive landscape is characterized by a focus on cost-effectiveness, product differentiation, and technological innovation. As a result, manufacturers often face pressures to optimize production costs, which can impact product quality and innovation. The commoditization of certain types of flanges exacerbates these challenges, as buyers may prioritize cost over quality, leading to price wars among suppliers. Navigating this competitive environment necessitates strategic positioning, emphasis on value-added services, and a commitment to maintaining product quality. Manufacturers must strike a delicate balance between cost competitiveness and sustaining profitability to thrive in the fiercely contested Flanges Market.

These challenges underscore the complexity of the Flanges Market, requiring industry participants to navigate economic uncertainties and intense competition effectively. The ability to adapt to market dynamics, implement agile business strategies, and focus on long-term sustainability is crucial for stakeholders in the Flanges Market to overcome these challenges and ensure continued growth.

Key Market Trends

Sustainable Manufacturing Practices:

An emerging trend in the Flanges Market is a growing emphasis on sustainable manufacturing practices. As industries across the globe increasingly prioritize environmental sustainability, manufacturers in the flanges sector are adopting eco-friendly processes and materials. Sustainable manufacturing involves reducing energy consumption, minimizing waste, and utilizing recyclable materials in the production of flanges. This trend is driven by both regulatory requirements and the proactive stance of manufacturers seeking to align with environmentally conscious practices. Companies investing in sustainable manufacturing not only contribute to global sustainability goals but also enhance their brand image and appeal to environmentally conscious clients in sectors such as construction, oil and gas, and renewable energy.

 Digitalization and Industry 4.0 Integration:

In the Flanges Market, a notable trend is the integration of digitalization and Industry 4.0 technologies into manufacturing processes. The adoption of smart manufacturing practices, enabled by sensors, data analytics, and automation, enhances operational efficiency and product quality. Digitalization facilitates real-time monitoring of production processes, allowing manufacturers to optimize operations, reduce downtime, and ensure consistent product quality. The implementation of Industry 4.0 principles also involves the use of advanced technologies like the Internet of Things (IoT) to create interconnected and intelligent manufacturing systems. This trend not only improves overall productivity in the flanges sector but also positions manufacturers at the forefront of technological advancements, meeting the evolving demands of industries that rely on precision-engineered components.

Customization and Advanced Materials:

Another significant trend shaping the Flanges Market is the increasing demand for customization and the use of advanced materials. As industries seek flanges tailored to specific applications and operating conditions, manufacturers are focusing on providing customization options. This trend aligns with the need for flanges that can withstand extreme temperatures, corrosive environments, and high-pressure conditions. Additionally, the use of advanced materials, such as duplex stainless steel and alloy steel, is gaining prominence. These materials offer enhanced strength, durability, and corrosion resistance, meeting the stringent requirements of industries like chemical, petrochemical, and offshore oil and gas. The trend towards customization and advanced materials reflects a shift towards more specialized and high-performance flange solutions tailored to the unique needs of diverse industrial applications..

Segmental Insights

By Type Insights

The Weld Neck Flanges segment emerged as the dominant force in the Flanges Market, and it is anticipated to maintain its dominance throughout the forecast period. Weld Neck Flanges are characterized by their unique design, featuring a long neck that accommodates a pipe, providing a smooth flow transition from pipe to flange. The dominance of Weld Neck Flanges can be attributed to their widespread application in critical industries such as oil and gas, chemical, and power generation, where the need for secure and leak-free connections is paramount. These flanges offer superior strength and structural integrity, making them well-suited for high-pressure and high-temperature environments. Additionally, their design allows for easy radiographic inspection, contributing to the overall safety and reliability of piping systems. As industries continue to prioritize safety and reliability in their operations, Weld Neck Flanges are expected to maintain their dominance, driven by their unique design attributes and their critical role in ensuring the integrity of fluid transportation systems across diverse applications.

By Material Insights

The Stainless Steel Flanges segment emerged as the dominant force in the Flanges Market by Material and is anticipated to sustain its dominance throughout the forecast period. Stainless Steel Flanges are renowned for their exceptional corrosion resistance, durability, and versatility, making them integral components across various industries such as chemical, pharmaceutical, and food processing. The dominance of Stainless Steel Flanges is attributed to their ability to withstand harsh and corrosive environments, ensuring long-term reliability and operational efficiency. The demand for stainless steel flanges is further bolstered by their applications in critical sectors like oil and gas, where resistance to corrosion and high temperatures is paramount. As industries increasingly prioritize the longevity and performance of their piping systems, Stainless Steel Flanges are poised to maintain their dominant position due to their superior material characteristics and their critical role in ensuring the integrity of fluid transportation systems across diverse applications. The inherent properties of stainless steel, including its resistance to corrosion and durability, position this material segment as a preferred choice, aligning with the stringent requirements of modern industrial applications and contributing to the sustained dominance of Stainless Steel Flanges in the global market.



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Regional Insights

The Asia Pacific region emerged as the frontrunner in the global flanges market, commanding the largest market share. This dominance is primarily attributed to the robust presence of expansive oil and gas, as well as chemical industries in countries like China, India, and Japan, where flanges serve as crucial components for their extensive pipeline networks and refinery infrastructure. Moreover, the ongoing surge in industrialization and infrastructure development endeavors across emerging economies within the Asia Pacific, including India, Indonesia, and Malaysia, is fueling substantial demand for flanges across sectors such as power generation, water and wastewater treatment, and shipbuilding. Analysts project that the Asia Pacific region will uphold its leadership position in the global flanges market throughout the forecast period from 2024 to 2029. This forecast is underpinned by the significant investments earmarked by governments across the region, particularly in the energy and utility sectors, to cater to the escalating demands stemming from industrialization and urbanization trends. Furthermore, the capacity expansions slated by prominent flange manufacturers in the Asia Pacific region are poised to bolster its supremacy in the global flanges market in the forthcoming years.

Recent Developments

  • In June 2021, AFG Holdings, Inc. acquired Maass Flange Corporation, including Maass Global Group's North American assets, with operations in the U.S., Mexico, and Canada. Maass Flange Corporation is the leading domestic manufacturer of stainless and nickel alloy flanges in North America. This acquisition strengthens AFG Holdings' market position and expands its capabilities in producing high-quality flanges. The strategic purchase aims to enhance AFG's product offerings and service capacity across North America, aligning with the company's growth objectives. By integrating Maass Flange's expertise and resources, AFG Holdings is set to deliver more robust solutions to its clients, further solidifying its industry leadership.

Key Market Players

  • Texas Flange & Supply Inc.
  • Outokumpu Oyj
  • Sandvik AB
  • Metalflex BV
  • AFG Holdings, Inc.
  • Velan Inc
  • Forum Energy Technologies, INC.
  • Tenaris S.A.

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:

o   Weld Neck Flanges

o   Slip-On Flanges

o   Socket Weld Flanges

o   Blind Flanges

o   Lap Joint Flanges

o   Threaded Flanges

  • Flanges Market, By Material:

o   Carbon Steel Flanges

o   Stainless Steel Flanges

o   Alloy Steel Flanges

o   Duplex Stainless Steel Flanges

  • Flanges Market, By End User:

o   Oil and Gas

o   Chemical and Petrochemical

o   Water and Wastewater Treatment

o   Power Generation

o   Aerospace and Defense

o   Shipbuilding

  • Flanges Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   Asia-Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Kuwait

§  Turkey

§  Egypt

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the Global Flanges Market.

Available Customizations:

Global Flanges Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).
Global Flanges Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.      Product Overview

1.1.   Market Definition

1.2.   Scope of the Market

1.2.1.      Markets Covered

1.2.2.      Years Considered for Study

1.2.3.      Key Market Segmentations

2.      Research Methodology

2.1.   Objective of the Study

2.2.   Baseline Methodology

2.3.   Formulation of the Scope

2.4.   Assumptions and Limitations

2.5.   Types of Research

2.5.1.      Secondary Research

2.5.2.      Primary Research

2.6.   Approach for the Market Study

2.6.1.      The Bottom-Up Approach

2.6.2.      The Top-Down Approach

2.7.   Methodology Followed for Calculation of Market Size & Market Shares

2.8.   Forecasting Methodology

2.8.1.      Data Triangulation & Validation

3.      Executive Summary

4.      Voice of Customer

5.      Global Flanges Market Overview

6.      Global Flanges Market Outlook

6.1.   Market Size & Forecast

6.1.1.      By Value

6.2.   Market Share & Forecast

6.2.1.      By Type (Weld Neck Flanges, Slip-On Flanges, Socket Weld Flanges, Blind Flanges, Lap Joint Flanges, Threaded Flanges)

6.2.2.      By Material (Carbon Steel Flanges, Stainless Steel Flanges, Alloy Steel Flanges, Duplex Stainless Steel Flanges)

6.2.3.      By End User (Oil and Gas, Chemical and Petrochemical, Water and Wastewater Treatment, Power Generation, Aerospace and Defense, Shipbuilding)

6.2.4.      By Region

6.3.   By Company (2023)

6.4.   Market Map

7.      North America Flanges Market Outlook

7.1.   Market Size & Forecast            

7.1.1.      By Value

7.2.   Market Share & Forecast

7.2.1.      By Type  

7.2.2.      By Material

7.2.3.      By End User

7.2.4.      By Country

7.3.   North America: Country Analysis

7.3.1.      United States Flanges Market Outlook

7.3.1.1.            Market Size & Forecast

7.3.1.1.1.                  By Value

7.3.1.2.            Market Share & Forecast

7.3.1.2.1.                  By Type  

7.3.1.2.2.                  By Material

7.3.1.2.3.                  By End User

7.3.2.      Canada Flanges Market Outlook

7.3.2.1.            Market Size & Forecast

7.3.2.1.1.                  By Value

7.3.2.2.            Market Share & Forecast

7.3.2.2.1.                  By Type  

7.3.2.2.2.                  By Material

7.3.2.2.3.                  By End User

7.3.3.      Mexico Flanges Market Outlook

7.3.3.1.            Market Size & Forecast

7.3.3.1.1.                  By Value

7.3.3.2.            Market Share & Forecast

7.3.3.2.1.                  By Type  

7.3.3.2.2.                  By Material

7.3.3.2.3.                  By End User

8.      Europe Flanges Market Outlook

8.1.   Market Size & Forecast            

8.1.1.      By Value

8.2.   Market Share & Forecast

8.2.1.      By Type  

8.2.2.      By Material

8.2.3.      By End User

8.2.4.      By Country

8.3.   Europe: Country Analysis

8.3.1.      Germany Flanges Market Outlook

8.3.1.1.            Market Size & Forecast

8.3.1.1.1.                  By Value

8.3.1.2.            Market Share & Forecast

8.3.1.2.1.                  By Type  

8.3.1.2.2.                  By Material

8.3.1.2.3.                  By End User

8.3.2.      United Kingdom Flanges Market Outlook

8.3.2.1.            Market Size & Forecast

8.3.2.1.1.                  By Value

8.3.2.2.            Market Share & Forecast

8.3.2.2.1.                  By Type  

8.3.2.2.2.                  By Material

8.3.2.2.3.                  By End User

8.3.3.      Italy Flanges Market Outlook

8.3.3.1.            Market Size & Forecast

8.3.3.1.1.                  By Value

8.3.3.2.            Market Share & Forecast

8.3.3.2.1.                  By Type  

8.3.3.2.2.                  By Material

8.3.3.2.3.                  By End User

8.3.4.      France Flanges Market Outlook

8.3.4.1.            Market Size & Forecast

8.3.4.1.1.                  By Value

8.3.4.2.            Market Share & Forecast

8.3.4.2.1.                  By Type  

8.3.4.2.2.                  By Material

8.3.4.2.3.                  By End User

8.3.5.      Spain Flanges Market Outlook

8.3.5.1.            Market Size & Forecast

8.3.5.1.1.                  By Value

8.3.5.2.            Market Share & Forecast

8.3.5.2.1.                  By Type  

8.3.5.2.2.                  By Material

8.3.5.2.3.                  By End User

9.      Asia-Pacific Flanges Market Outlook

9.1.   Market Size & Forecast            

9.1.1.      By Value

9.2.   Market Share & Forecast

9.2.1.      By Type  

9.2.2.      By Material

9.2.3.      By End User

9.2.4.      By Country

9.3.   Asia-Pacific: Country Analysis

9.3.1.      China Flanges Market Outlook

9.3.1.1.            Market Size & Forecast

9.3.1.1.1.                  By Value

9.3.1.2.            Market Share & Forecast

9.3.1.2.1.                  By Type  

9.3.1.2.2.                  By Material

9.3.1.2.3.                  By End User

9.3.2.      India Flanges Market Outlook

9.3.2.1.            Market Size & Forecast

9.3.2.1.1.                  By Value

9.3.2.2.            Market Share & Forecast

9.3.2.2.1.                  By Type  

9.3.2.2.2.                  By Material

9.3.2.2.3.                  By End User

9.3.3.      Japan Flanges Market Outlook

9.3.3.1.            Market Size & Forecast

9.3.3.1.1.                  By Value

9.3.3.2.            Market Share & Forecast

9.3.3.2.1.                  By Type  

9.3.3.2.2.                  By Material

9.3.3.2.3.                  By End User

9.3.4.      South Korea Flanges Market Outlook

9.3.4.1.            Market Size & Forecast

9.3.4.1.1.                  By Value

9.3.4.2.            Market Share & Forecast

9.3.4.2.1.                  By Type  

9.3.4.2.2.                  By Material

9.3.4.2.3.                  By End User

9.3.5.      Australia Flanges Market Outlook

9.3.5.1.            Market Size & Forecast

9.3.5.1.1.                  By Value

9.3.5.2.            Market Share & Forecast

9.3.5.2.1.                  By Type  

9.3.5.2.2.                  By Material

9.3.5.2.3.                  By End User

10.  South America Flanges Market Outlook

10.1.                  Market Size & Forecast

10.1.1.  By Value

10.2.                  Market Share & Forecast

10.2.1.  By Type  

10.2.2.  By Material

10.2.3.  By End User

10.2.4.  By Country

10.3.                  South America: Country Analysis

10.3.1.  Brazil Flanges Market Outlook

10.3.1.1.        Market Size & Forecast

10.3.1.1.1.              By Value

10.3.1.2.        Market Share & Forecast

10.3.1.2.1.              By Type  

10.3.1.2.2.              By Material

10.3.1.2.3.              By End User

10.3.2.  Argentina Flanges Market Outlook

10.3.2.1.        Market Size & Forecast

10.3.2.1.1.              By Value

10.3.2.2.        Market Share & Forecast

10.3.2.2.1.              By Type

10.3.2.2.2.              By Material

10.3.2.2.3.              By End User

10.3.3.  Colombia Flanges Market Outlook

10.3.3.1.        Market Size & Forecast

10.3.3.1.1.              By Value

10.3.3.2.        Market Share & Forecast

10.3.3.2.1.              By Type

10.3.3.2.2.              By Material

10.3.3.2.3.              By End User

11.  Middle East and Africa Flanges Market Outlook

11.1.                  Market Size & Forecast

11.1.1.  By Value

11.2.                  Market Share & Forecast

11.2.1.  By Type

11.2.2.  By Material

11.2.3.  By End User

11.2.4.  By Country

11.3.                  MEA: Country Analysis

11.3.1.  South Africa Flanges Market Outlook

11.3.1.1.        Market Size & Forecast

11.3.1.1.1.              By Value

11.3.1.2.        Market Share & Forecast

11.3.1.2.1.              By Type

11.3.1.2.2.              By Material

11.3.1.2.3.              By End User

11.3.2.  Saudi Arabia Flanges Market Outlook

11.3.2.1.        Market Size & Forecast

11.3.2.1.1.              By Value

11.3.2.2.        Market Share & Forecast

11.3.2.2.1.              By Type

11.3.2.2.2.              By Material

11.3.2.2.3.              By End User

11.3.3.  UAE Flanges Market Outlook

11.3.3.1.        Market Size & Forecast

11.3.3.1.1.              By Value

11.3.3.2.        Market Share & Forecast

11.3.3.2.1.              By Type

11.3.3.2.2.              By Material

11.3.3.2.3.              By End User

11.3.4.  Kuwait Flanges Market Outlook

11.3.4.1.        Market Size & Forecast

11.3.4.1.1.              By Value

11.3.4.2.        Market Share & Forecast

11.3.4.2.1.              By Type

11.3.4.2.2.              By Material

11.3.4.2.3.              By End User

11.3.5.  Turkey Flanges Market Outlook

11.3.5.1.        Market Size & Forecast

11.3.5.1.1.              By Value

11.3.5.2.        Market Share & Forecast

11.3.5.2.1.              By Type

11.3.5.2.2.              By Material

11.3.5.2.3.              By End User

11.3.6.  Egypt Flanges Market Outlook

11.3.6.1.        Market Size & Forecast

11.3.6.1.1.              By Value

11.3.6.2.        Market Share & Forecast

11.3.6.2.1.              By Type

11.3.6.2.2.              By Material

11.3.6.2.3.              By End User

12.  Market Dynamics

12.1.                  Drivers

12.2.                  Challenges

13.  Market Trends & Developments

14.  Company Profiles

14.1.                 Texas Flange & Supply Inc.

14.1.1.  Business Overview

14.1.2.  Key Revenue and Financials  

14.1.3.  Recent Developments

14.1.4.  Key Personnel/Key Contact Person

14.1.5.  Key Product/Services Offered

14.2.                  Outokumpu Oyj

14.2.1.  Business Overview

14.2.2.  Key Revenue and Financials  

14.2.3.  Recent Developments

14.2.4.  Key Personnel/Key Contact Person

14.2.5.  Key Product/Services Offered

14.3.                  Sandvik AB

14.3.1.  Business Overview

14.3.2.  Key Revenue and Financials  

14.3.3.  Recent Developments

14.3.4.  Key Personnel/Key Contact Person

14.3.5.  Key Product/Services Offered

14.4.                  Metalflex BV

14.4.1.  Business Overview

14.4.2.  Key Revenue and Financials  

14.4.3.  Recent Developments

14.4.4.  Key Personnel/Key Contact Person

14.4.5.  Key Product/Services Offered

14.5.                  AFG Holdings, Inc.

14.5.1.  Business Overview

14.5.2.  Key Revenue and Financials  

14.5.3.  Recent Developments

14.5.4.  Key Personnel/Key Contact Person

14.5.5.  Key Product/Services Offered

14.6.                  Velan Inc

14.6.1.  Business Overview

14.6.2.  Key Revenue and Financials  

14.6.3.  Recent Developments

14.6.4.  Key Personnel/Key Contact Person

14.6.5.  Key Product/Services Offered

14.7.                  Forum Energy Technologies , INC.

14.7.1.  Business Overview

14.7.2.  Key Revenue and Financials  

14.7.3.  Recent Developments

14.7.4.  Key Personnel/Key Contact Person

14.7.5.  Key Product/Services Offered

14.8.                 Tenaris S.A.

14.8.1.  Business Overview

14.8.2.  Key Revenue and Financials  

14.8.3.  Recent Developments

14.8.4.  Key Personnel/Key Contact Person

14.8.5.  Key Product/Services Offered


15.  Strategic Recommendations

16.  About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the Global Flanges Market was USD 4.87 billion in 2023.

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The dominant segment by material in the Global Flanges Market in 2023 was Stainless Steel Flanges due to their superior corrosion resistance, durability, and versatility across various industrial applications

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The Asia Pacific region dominates the Global Flanges Market due to its rapid industrialization, extensive infrastructure development, and significant growth in manufacturing and construction activities.

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The major drivers for the Global Flanges Market include increasing infrastructure development, rising demand in key industries such as oil and gas, and adherence to stringent quality and safety standards in process industries.

profile

Srishti Verma

Business Consultant
Press Release

Flanges Market is expected to register a CAGR of 4.69% during the forecast period

Jun, 2024

The Flanges market is anticipated to led by increasing demand from the oil and gas industry in the forecast period, 2025-2029F.