About Flange
Flanges refer to the material generally used in the piping and fitting or rather an equipment to join together two pipes. There is a different type of flanges based on the facing type, material, pressure, temperature rating, and others. Major factors driving the growth of flanges market are increasing investment in mega construction projects and growing demand from petrochemical and oil & gas industry. Further, increasing demand from the developing economies expected to drive the demand for flanges over the forecasted period.
Attributes | Details |
---|
Study Period | 2020-2032 |
Base Year | 2024 |
Unit | Value (USD Million) |
CAGR | 3.6% |
Numerous large and small vendors are present in the market hence showcasing the highly fragmented nature of the market. The market players are adopting the indirect marketing channel for expanding their business presence. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Flange market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Outokumpu (Finland), Viraj Profiles Ltd (India), Sandvik AB (Sweden), Metalfar (Italy), AF Global (United States), Bebitz (Germany), Korea Flange Co., Ltd. (South Korea), Core Pipe (United States), Officine Nicola Galperti and Figlio S.p.A (Italy), SBK (China) and Maass Flange Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are IPP Group (United Kingdom), Arcus Nederland BV (Netherland), Dapaco Stainless (Denmark) and CHW Forge (China).
Segmentation Overview
AMA Research has segmented the market of Global Flange market by Type (High Hub Blinds Flanges, Sanitary Flanges, Threaded Flanges, Spectacle Flanges, Weld Flanges and Others), Application (Plumbing, Mechanics, Electronics and Others) and Region.
On the basis of geography, the market of Flange has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Pressure Ratings, the sub-segment i.e. 150 will boost the Flange market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Stainless Steel will boost the Flange market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Size , the sub-segment i.e. 1/2"-3" will boost the Flange market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-Use, the sub-segment i.e. Oil & Gas will boost the Flange market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Use of Waveguide Flanges for Connecting Sections of Waveguide and Increasing Investment in Mega Construction Projects
Market Growth Drivers:
Growing Demand From the Of Oil & Gas and Petrochemical Industry and Increasing Demand for Carbon Steel Flanges
Challenges:
Increasing Number of Local Players in the Market
Restraints:
Increasing Failures in Flange Joints
Opportunities:
Increasing Demand from the Developing Economies and Growing Demand from Automotive Industry for Different Types of Flanges Used in Automotive
Market Leaders and their expansionary development strategies
26th March 2019, OPRA Turbines announced a new partnership With AF Global. Under the Agreement, AF Global will act as a reseller, packager and service provider for OPRA in the Americas. AF Global and OPRA will start the delivery of OP16 gas turbine packages, tailored to market requirements from AF Global’s regional facilities in America.
27th May 2019, Sandvik launches E-Track, an online self-service portal for bar and piping products and this offers service online platform which will allow customers to access information regarding round bar, hollow bar, pipe, flanges, and fittings.
Key Target Audience
Flange Manufacturers, Flange Distributors, Government Research Institutes, Venture Capitalists and Investment Banks, Potential Investors, Government Bodies, Business Research and Consulting Service Providers and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.