Flanges Market - In-Depth Outlook & Trends Analysis to 2025

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Flanges Market - In-Depth Outlook Trends
Analysis to 2025
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• Flanges Market Scenario

• Flanges market share has been witnessing a
  significant growth rate accredited to rising
  awareness for wastewater management programs
  worldwide. International regulations and
  frameworks associated with wastewater treatment
  and sanitation such as Water Supply and
  Sanitation Collaborative Council (WSSCC), have
  laid emphasis on deployment of flanges in
  pipelines. Since these flanges can be easily
  assembled and disassembled, it helps in
  effortless cleaning maintenance to ensure
  constant flow of liquids and enable protection of
  marine environment.
• Stainless steel flanges are used in wastewater
  management plants due to their high corrosion
  resistant properties and a good service life. The
  stainless-steel grade with increased chromium
  content is used in flanges resist corrosion
  arising out of chlorides like seawater making it
  a necessary choice of wastewater plant processes.
• One of the major hurdles in flanges market growth
  is volatility in its raw material prices. Steel
  is one of the main components of flanges and
  faces the most uncertainty in prices. The price
  volatility in metals is solely due to the fact
  that metals are traded in metal exchange and
  hence the buyers must undergo a huge risk for
  locking the prices. This price volatility might
  hinder many new market entrants to invest in
  flanges manufacturing business.

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• Flanges are manufactured from a variety of raw
  materials including stainless steel, nickel
  alloy, carbon steel, alloy steel, etc. Stainless
  steel is the most preferred raw material with a
  share of approximately 45 of the total market
  share in 2025. Carbon steel has around 2.1
  carbon content by weight, and flanges made of
  these materials found their applications in
  petrochemicals, power generation, offshore oil
  drilling operations, sea water equipment, gas
  processing systems etc.
• Flanges are manufactured in different sizes as
  per the specifications in ANSI/ASME B16
  standards. The standards mention the size and
  method for designating openings in reducing
  fittings, minimum material requirements,
  tolerances and dimensions, fastener and gasket
  dimensions, and all tests required in the
  process.
• Flanges are classified on the basis of shape as
  into weld neck, slip on, lap joint, socket weld,
  blind flanges, etc. Weld neck flanges have been
  dominant in the shape segment and will account
  for a share of almost 60 in the total market
  share in 2025. Each class of flange has distinct
  properties and application areas. For instance,
  socket weld flanges are mainly utilized in small
  size and high-pressure applications such as in
  chemical processes, hydraulic and steam
  distribution lines.

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• Regional Analysis

• Asia Pacific and Europe are the most significant
  regions for flanges market share accounting for a
  share of around 50 and 20 respectively. The
  reason behind Asia Pacific seeking a high growth
  rate for flanges is its established steel
  industry. Easy availability of raw materials and
  large pipeline networks to cater the huge
  regional population will be key driving factors.

• Competitive Analysis

• Owing to presence of large number of end-users,
  flanges market share is highly fragmented in
  nature. Some of key industry players include
  Texas Flange, Pro-Flange Limited, Outokumpu,
  General Flange Forge, Sandvik Materials
  Technology etc.

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