Global Flanges Market: Industry Analysis and Forecast, 2021–2031
Flange is a protruding ridge/rim that is used to improve strength or distribute load. Flanges are used to connect valves, pumps, pipes & other equipment to form a piping system. It also allows for simple washing, inspection, and alteration. Flanges are welded or screwed together.
flanges market size was valued at $4.50 billion in 2021, and is projected to reach $7.39 billion by 2031, growing at a CAGR of 5% from 2022 to 2031
Download Free Sample : https://www.alliedmarketresearch.com/request-sample/11078
The research provides a detailed analysis of drivers, restraints, and opportunities of the global Flanges market. These insights shower necessary guidance to determine driving factors and implement strategies to gain a sustainable growth and tap on opportunities to explore the potential of the market.
Covid-19 impact:
- Manufacturing activities of Flanges halted due to implementation of global lockdown.
- Moreover, supply chain disruptions, shortage of labor, and unavailability of raw materials created challenges in carrying out manufacturing in full capacity.
- Several construction activities were delayed in order to maintain the social distancing norms.
- The demand from end use industries reduced significantly due to halt in day-to-day operations in 2020. However, the demand would grow steadily during post-lockdown as daily operations get back on track.
- The ban on import-export activities led to supply chain disruption and supply-demand gap. As the restrictions are lifted off, the supply chain will be restored.
Analyst review of the market:
| Type | Slip-on Socket Weld Threaded Others |
| Material | Stainless Steel Carbon Steel Aluminum Others |
| Industry Verticals | Automotive Oil and Gas Manufacturing HVAC |
Competitive Landscape:
AFG Holdings, Inc., Coastal Flange, Inc., Flanschenwerk Bebitz GmbH, General Flange & Forge LLC, Hitachi, Kerkau Manufacturing, Kohler Corporation, Mass Global Group, METALFAR Prodotti Industriali S.P.A., Outokumpu Armetal Stainless Pipe Co. Ltd (OASP), Pro-Flange, Qontrol Devices, Inc., Saini Flange (p) ltd., Sandvik AB, Simtech Process Systems, SSI Technologies, Inc., Texas Flange
The key market players analyzed in the report include The report provides a detailed analysis of these key players of the market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
Speak to analyst : https://www.alliedmarketresearch.com/connect-to-analyst/11078
Key Benefits for Stakeholders:
- This report offers a quantitative analysis of the market segments, current trends, estimations, and dynamics of the Flanges market analysis from 2021 to 2031 to identify the prevailing Flanges market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the Flanges market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global Flanges market trends, key players, market segments, application areas, and market growth strategies.