The pipe flanges market is a critical component of the industrial sector, encompassing a broad range of products that are essential for assembling and maintaining piping systems across various industries. Pipe flanges are mechanical devices used to connect sections of pipe or to join pipe to a pressure vessel, valve, pump or other integral flanged assembly. The material of a flange is basically set during the choice of the pipe and in most cases, a flange is of the same material as the pipe.
The pipe flanges market consists of sales, by entities (organizations, sole traders and partnerships), of pipe flanges that are typically circular plates with bolt holes around the perimeter and are welded or screwed to pipe ends or bolted together with other flanged parts.
The global pipe flanges market was valued at $4,141.00 million in 2018 which grew till at a compound annual growth rate (CAGR) of more than 3.0%.
Increased Production And Consumption Of Chemicals
During the historic period, the increased production and consumption of chemicals drove the pipe flanges market. The rising demand for chemicals processing drove the demand for pipe flanges, as they are used in the chemical industry to connect pipes, valves, pumps and other machinery to create a piping structure. The flange material and design are crucial considerations in this industry because pipelines need to carry chemicals and other corrosive compounds. For example, according to Eurostats, a Luxembourg-based government agency, in 2021, the European Union manufactured a combined total of 279 million tons of industrial chemicals (both hazardous and non-hazardous) and utilized 299 million tons, marking a 4% increase in both production and consumption compared to 2020. Therefore, increased production and consumption of chemicals supported the growth of the pipe flanges market.
Advancements In Stainless Steel Sealing Solutions Transforming Pipe Flanges Manufacturing
Companies in the pipe flanges market are focusing on advancements in stainless steel seals to replace existing gasket technology. The groundbreaking stainless-steel sealing solutions provide enhanced performance, longevity and resistance to corrosion when contrasted with conventional gasket materials. For instance, in June 2023, Pipeotech, a Norway-based Gasket manufacturer, announced the launch of the new 304L stainless steel DeltaV-Seal for nitric acid service.
This new innovation is anticipated to bring advantages to fertilizer plants by prolonging the interval between gasket replacements, leading to significant cost reductions. The DeltaV-Seal addresses the longstanding challenge in the industry of effectively sealing nitric acid lines, particularly within the realm of fertilizer production. The DeltaV-Seal technology not only pledges to reduce carbon emissions but also offers operational advantages, showcasing the company's commitment to creating durable and efficient sealing solutions.
The global pipe flanges market is fairly fragmented, with a large number of players operating in the market. The top ten competitors in the market made up to 15.12% of the total market in 2022.
Pipe Flanges Global Market Opportunities And Strategies To 2033 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global pipe flanges market as it emerges from the COVID-19 shut down.
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Where is the largest and fastest-growing market for pipe flanges? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The pipe flanges market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider pipe flanges market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics- Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by material, by facing type and by end use industry.
- Key Trends- Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Macro-Economic Scenario- The report provides an analysis of the impact of the COVID-19 pandemic, impact of the Russia-Ukraine war and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the pipe flanges market.
- Global Market Size And Growth- Global historic (2018-2023) and forecast (2023-2028, 2033F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional And Country Analysis- Historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison by region and country.
- Market Segmentation- Contains the market values (2018-2023) (2023-2028, 2033F) and analysis for each segment by material, by facing type and by end use industry in the market. Historic (2018-2023) and forecast (2023-2028) and (2028-2033) market values and growth and market share comparison by region market.
- Regional Market Size and Growth- Regional market size (2023), historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Other Major And Innovative Companies- Details on the company profiles of other major and innovative companies.
- Competitive Dashboard- Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions- Information on recent mergers and acquisitions in the market is covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Market Opportunities And Strategies- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations- This section includes recommendations for pipe flanges providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
- 1) By Material: Carbon Steel; Stainless Steel; Alloy Steel; Cast Iron; PVC (polyvinyl chloride); Other Material
- 2) By Facing Type: Raised Face; Flat Face; Ring Joint; Lap Joint, Other Facing Types
- 3) By End-Use Industry: Oil And Gas; Chemicals And Petrochemicals; Power Generation; Construction; Other Industries
- Companies Mentioned: MRC Global Inc.; ASC Engineered Solutions; Echjay Forgings Pvt. Ltd.; Maass Flange Corporation; Federal Flange Inc.
- Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; Italy; Spain; UK; Russia
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time-series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; pipe flanges indicators comparison.
- Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.