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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Flanges Market
Request Now !A flange is a connector used to join pipes, valves, pumps, and other equipment in a piping system. Flanges aid in easy, cleaning, modification or inspection of a piping system, owing to increased accessibility that it provides. This easy accessibility reduces overall maintenance cost and downtime or maintenance time of industrial processes. Flanges may be screwed or welded with a gasket usually placed between two flanges that form a joint. The purpose of gasket is to provide better sealing. Different materials such as stainless steel, carbon steel, cast iron, aluminium, brass, bronze, and plastic may be used to manufacture flanges. However, most widely used material for flanges is forged carbon steel.
Market scope and structure analysis:
Report Metric | Details |
Market size available for years | 2019–2027 |
Base year considered | 2019 |
Forecast period | 2020–2027 |
Forecast units | Value (USD Millions) |
Segments covered | Type, Material, Industry Verticals and Region. |
Regions covered | North America (US, Mexico and Canada), Europe (Germany, UK, Netherlands, Italy and France), Asia-Pacific (China, Japan, South Korea, Sri Lanka and India), LAMEA (Latin America, Middle East, and Africa) |
Companies covered | The key players in the flanges market include Outokumpu Armetal Stainless Pipe Company Ltd, Texas Flange, Mass Global Group, Coastal Flange Inc., Hitachi, Kerkau Manufacturing, AFGlobal, Simtech Process Systems, Kohler Corporation, and Sandvik Materials Technology among others. |
COVID-19 scenario analysis:
Top impacting factors: Market Scenario Analysis, Trends, Drivers, Opportunities, Restraints, and Impact Analysis
Flanges are commonly used in the global automotive, oil & gas, construction, irrigation, water supply, energy & power, manufacturing & instrumentation, petrochemical, and food & beverages industries to name a few. Growth of the global automotive and oil & gas industries are some of the major factors behind growth of the global flanges industry. Growth of global industrialization, increase in construction activities, airline, and tourism and transportation industries are also important factors that drive the global oil & gas industry. Flanges are used in manufacturing and engineering industries as well for applications that require high corrosion resistance, high heat, and temperature tolerance among other desirable properties. Flanges are also used in HVAC systems and residential & commercial plumbing applications as well. However, leakages due to gasket fail is a problematic issue that is considered a restraining factor for growth of the flanges market. Leakages may occur if the load on gasket falls below its minimum seal pressure. Moreover, owing to nature of its application and flanges are generally required to be leak tight as it may hamper important manufacturing or production processes such as when used in boiler systems or in fuel supply systems. On the other hand, growth of the automotive industry due to factors of rise in population and disposable income around the world is expected to provide opportunities for growth of the global flanges market.
The global flanges market trends are as follows:
Growth in global automotive industry help the market grow
The global automotive industry is expected to grow worldwide due to the rising disposable income levels of the average global consumer. Personal vehicles sales are on the rise due to the growing inclination of the middle class to buy automobiles for the increased comfort, privacy and time saving benefits. The rising number of nuclear families and dual earning families is an important reason behind this phenomenon. Flanges are commonly used in automobiles in various applications. Flanges are used in various pipe, valve, pump and other assemblies. Flanges of different dimensions, material and type are used in different applications in the automotive industry. Many specific applications also demand specially designed or tailor-made flanges for specific tolerances. Hence, the global flanges market is expected to grow in tandem with the global auto sector.
Growth of global oil & gas industry
Growth in population, urbanization, and disposable income of people around the world is expected to increase demand for oil & gas. Growth in number of automobile sales around the world, increase in airline traffic, growth in industrialization, and rise in construction activities around the world are expected to drive the demand for petroleum products. More and more people are buying personal vehicles due to increase in disposable income levels worldwide. Moreover, number of nuclear families and dual earning families is an important reason behind this phenomenon. An average consumer is increasingly using airlines to travel both internationally and domestically for better comfort and time saving. Growth of new industries and expansion of production facilities around the globe is expected to keep the oil & gas demand high. In addition, rise in amount of construction activities around the world is also expected to help the global oil & gas industry grow as the construction sector is a major end user of oil & gas. Hence, with the increase in demand for oil & gas around the world, the global flanges market is also expected to grow.
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