Flanges Market – Global Trend and Outlook to 2029
The Flanges Market refers to the industry that produces and sells flanges, which are mechanical components used to connect pipes, valves, and other equipment in a piping system. Flanges are typically made of materials such as carbon steel, stainless steel, and alloy steel and are available in various shapes, sizes, and types to suit different applications.
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The Flanges Market is expected to experience steady growth in the coming years, driven by factors such as the increasing demand for energy and power, the growing need for reliable and safe piping systems, and the rising adoption of flanges in various industries, including oil and gas, chemical, and water and wastewater treatment. According to a report by HTF MI, the global flanges market was valued at $4.3 billion in 2023 and is expected to reach $6.2 billion by 2028, growing at a CAGR of 7.6% during the forecast period.
Global Flanges Market Breakdown by Application (Oil & Gas, Petrochemicals, Chemicals, Power, Water and Waste Management, Construction, Others) by Type (High Hub Blinds Flanges, Sanitary Flanges, Threaded Flanges, Spectacle Flanges, Weld Flanges, Others) by Material (Steel, Aluminium, Copper, Zinc) by Size (1/2″-3″, 3″-12″, 12″-24″) and by Geography (North America, South America, Europe, Asia Pacific, MEA).
The market is highly competitive, with a large number of players offering a wide range of flanges products for various applications. Key players in the market include Metalfar, EEW Group, Bonney Forge, Inc., AMERICAN Cast Iron Pipe Company, and Smith-Cooper International, among others. These companies are investing heavily in research and development to improve the quality and performance of their products, as well as expanding their product offerings to meet the evolving needs of their customers.
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Overall, the flanges market is expected to continue to grow steadily in the coming years, driven by the increasing demand for energy and power and the growing need for reliable and safe piping systems. The market is also expected to benefit from the rising adoption of flanges in various industries and the increasing investment in infrastructure development in emerging economies.
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