A flange is an internal or external ridge or rim and is attached to another object to establish a connection and strength. It is used for connecting pipes, pumps, valves, and other equipment to form a piping system. The thriving oil & gas industry, coupled with boosting power generation activities across the globe, is the major driving factor for the flanges market growth.
MARKET DYNAMICS
Rising exploration and production activities of crude oil and robust expansion of the petrochemical industry, along with the growing refurbishments, replacements, and up-gradation activities in the refineries, are projected to fuel the growth of the flanges market growth during the forecast period. Further, growing awareness for wastewater treatment results in increasing wastewater management activities worldwide, which also propels the flanges market growth.
MARKET SCOPE
The "Global Flanges Market Analysis to 2028" is a specialized and in-depth study of the flanges industry with a special focus on the global market trend analysis. The report aims to provide an overview flanges market with detailed market segmentation as type, material, industry, and geography. The global flanges market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading flanges market players and offers key trends and opportunities in the flanges market.
MARKET SEGMENTATION
The global flanges market is segmented on the basis of type, material, industry. On the basis of type the market is segmented as weld neck, slip-on, socket weld, lap joint, blind, others. On the basis of material the market is segmented as stainless steel, carbon steel, alloy steel, others. On the basis of industry the market is segmented as oil and gas, chemical and petrochemical, power generation, manufacturing, water management, food and beverages, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global flanges market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The flanges market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting flanges market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the flanges market in these regions.
MARKET PLAYERS
The reports cover key developments in the flanges market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Flanges market are anticipated to lucrative growth opportunities in the future with the rising demand for flanges in the global market. Below mentioned is the list of few companies engaged in the flanges market.
The report also includes the profiles of key flanges companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- AFG Holdings, Inc.
- Coastal Flange, Inc.
- Flanschenwerk Bebitz GmbH
- General Flange & Forge LLC
- Mass Global Group
- METALFAR Prodotti Industriali S.P.A.
- Outokumpu Armetal Stainless Pipe Co. Ltd (OASP)
- Pro-Flange
- Sandvik AB
- Texas Flange
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.