Flanges Market By Regional Statistics & Growth Forecast 2019-2025

Asia pacific is expected to capture almost half of the total flanges market by the end of forecast period. Propelling steel industry and relocation of manufacturing hubs due to easy access of cost-effective labor and raw materials in China, India, Thailand, Indonesia will help augment the flanges market during the forecast period.

Flanges Market will surpass USD 6 billion by 2025; according to a new research report. Flourishing growth in global oil & gas industry is the key factor stimulating flanges market.  Flanges are equipment of connecting pipes, pumps, valves and many other objects to form a piping system in refineries as well as in upstream activities. A flanged joint is made by combined bolting of two flanges with a gasket to provide a seal. The equipment provides easy access for various industrial application like cleaning, modification or inspection. Global crude oil consumption was estimated approximately 99.2 million barrels per day and is expected to increase to 100.6 million barrels per day in 2019.

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Flanges are commonly used in power generation operations for instance, oil & gas-powered stations and nuclear plants uses large number of flanges and fittings. They are usually found in heat exchangers, vessels, boilers, condensers, valves, pumps, generators, pipe work, turbine halls and reactors. Global power generation rose by 2.8% in 2017 driven by strong expansion in renewable energy. However, leakage issues associated with flanges might hamper the overall market growth. It usually occurs when load on the gasket falls below its minimum seal pressure.

Material analysis:

Material segmentation: The report claims that the Material landscape of the Flanges Market is subdivided into –

  • Stainless Steel,
  • Alloy Steel,
  • Nickel Alloy,
  • Carbon Steel

Important pointers encompassed pertaining to the Material spectrum:

  • Major details about the Material spectrum are provided in the report.
  • The study elaborates on the remuneration forecast of each of the Material categories by the end of the anticipated duration.
  • The market share which each of the Material segments account are mentioned in the study.
  • Also, the most proliferating trends that the Material spectrum is characterized by are also entailed.

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Based on revenue, stainless steel flanges segment is anticipated to reach over USD 2.5 billion in 2025. These flanges are generally manufactured as per the material specifications defined by the American Society of Testing and Material and are produced in various grades of stainless steel with varying chromium content. The manufacturing of stainless-steel flanges involves forging, heat treatment and finishing. This material is more preferred in fabrication of flanges owing to its superior properties such as durability, recyclability and high temperature and corrosion resistance.

On the basis of size, 0.5 to 12 inches flanges is probable to hold substantial market share close to 70% of the overall flanges market in 2025. These industrial flanges nominal pipe size vary as per their applications. For instance, power generation sector require comparatively large sized flanges than in wastewater management. These are described by the American Society of Mechanical Engineers (ASME) standards which includes fastener and gasket dimensions, minimum material requirements, minimum material requirements, etc.

A substantial share of flanges production is consumed by the oil & gas industry as attachment components in pipelines, valves and pumps. This segment is projected to capture a significant share of over 35% in the global flanges market by 2025. On the other hand, power generation sector is anticipated to grow at a faster pace and utility of flanges in this sector will offers various benefits to power generation plants such as easy mounting, analyzing fuel consumption and optimization, accurate and efficient measurements etc.

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The flanges market competitive landscape includes key players such as Coastal Flange, Outokumpu Armetal Stainless Pipe, Mass Global Group, Texas Flange, Pro-Flange Limited, Suraj Limited etc.

Partial Chapter of the Table of Content

Chapter 3. Flanges Market, Industry Insights

3.1. Industry segmentation

3.2. Industry size and forecast, 2014 – 2025

3.3. Industry ecosystem analysis

3.3.1. Raw material analysis

3.3.2. Profit margin

3.3.3. Value addition

3.3.4. Distributor channel analysis

3.3.5. Vendor matrix

3.3.5.1. List of key raw material suppliers

3.3.5.2. List of key manufacturers/distributors

3.3.5.3. List of key/potential customers

3.4. Innovation & sustainability

3.4.1. Patent analysis

3.4.2. Production process

3.4.3. Future trends

3.5. Industry impact forces

3.5.1. Growth drivers

3.5.1.1. Flourishing oil and gas industry

3.5.1.2. Rising growth in power generation

3.5.1.3. Rising awareness for wastewater treatment throughout the globe

3.5.2. Industry pitfalls & challenges

3.5.2.1. Leakage issues associated with flanges

3.6. Regulatory landscape

3.6.1. U.S.

3.6.2. Europe

3.6.3. China

3.7. Growth potential analysis

3.8. Regional price trends

3.8.1. Cost structure analysis

3.8.1.1. R & D cost

3.8.1.2. Manufacturing cost

3.8.1.3. Raw material cost

3.8.1.4. Distribution cost

3.8.1.5. Operating cost

3.8.1.6. Miscellaneous cost

3.8.2. Price by material

3.8.3. Price by shape

3.8.4. Price by end-user

3.9. Competitive landscape, 2018

3.9.1. Company market share analysis, 2018

3.9.2. Key stakeholders

3.9.3. Strategy dashboard

3.10. Porter’s analysis

3.10.1. Supplier power

3.10.2. Buyer power

3.10.3. Threat of new entrants

3.10.4. Industry rivalry

3.10.5. Threat of substitutes

3.11. PESTEL analysis

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Chapter 4. Flanges Market, Material By End-user

4.1. Global flanges market, material insights

4.2. Stainless steel

4.2.1. Market estimates and forecast, by end-user 2014 – 2025

· Oil & Gas

o Upstream

o Midstream

o Downstream

· Petrochemical

· Power Generation

· Wastewater Management

· Chemical

· Others (marine, food processing, etc.)

4.2.2. Market estimates and forecast by region, 2014 – 2025

4.3. Alloy steel

4.3.1. Market estimates and forecast, by end-user 2014 – 2025

· Oil & Gas

o Upstream

o Midstream

o Downstream

· Petrochemical

· Power Generation

· Wastewater Management

· Chemical

· Others (marine, food processing, etc.)

4.3.2. Market estimates and forecast by region, 2014 – 2025

4.4. Nickel alloy

4.4.1. Market estimates and forecast, by end-user 2014 – 2025

· Oil & Gas

o Upstream

o Midstream

o Downstream

· Petrochemical

· Power Generation

· Wastewater Management

· Chemical

· Others (marine, food processing, etc.)

4.4.2. Market estimates and forecast by region, 2014 – 2025

4.5. Carbon steel

4.5.1. Market estimates and forecast, by end-user 2014 – 2025

· Oil & Gas

o Upstream

o Midstream

o Downstream

· Petrochemical

· Power Generation

· Wastewater Management

· Chemical

· Others (marine, food processing, etc.)

4.5.2. Market estimates and forecast by region, 2014 – 2025

4.6. Others (Duplex & super duplex flanges)

4.6.1. Market estimates and forecast, by end-user 2014 – 2025

· Oil & Gas

o Upstream

o Midstream

o Downstream

· Petrochemical

· Power Generation

· Wastewater Management

· Chemical

· Others (marine, food processing, etc.)

4.6.2. Market estimates and forecast by region, 2014 – 2025

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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