Flanges Market Size and Forecast, Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type, Material, Industry, and Geography

List of Tables

The flanges market size was valued at US$ 7.46 billion in 2023 and is projected to reach US$ 10.58 billion by 2031; it is expected to register a CAGR of 4.5% during 2023-2031.

The scope of the global flanges market report entails type, material, industry, and region. Based on type, the flanges market is segmented into weld neck, slip-on, socket weld, lap joint, blind, and others. In terms of material, the market is classified into stainless steel, carbon steel, alloy steel, and others. Based on industry, the market is categorized into oil & gas, chemical & petrochemical, power generation, manufacturing, water management, food & beverages, and others. Based on geography, the flanges market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South America.

China is a major oil and gas producer in Asia Pacific, and it is also considering the construction of new oil and gas rigs in the offshore platforms across its different locations. In May 2023, China announced the completion of a new 12,000-ton offshore drilling rig construction. By supporting such projects, the country is pushing its offshore drilling activities to lower the dependency on imports of oil and gas products. In June 2023, China announced its intentions to drill deeper into offshore platforms, irrespective of its possible repercussions on its relations with the US. The US has also announced the ban on Chinese oil and gas rig companies. Moreover, China has discovered some new sources of offshore oil and gas in the South China Sea, and the company CNOOC has announced its interest in deploying some of the vessels for the construction of new offshore drilling rigs in the coming years. Such progress in offshore oil and gas projects triggers the growth of flanges market across China.

As the world's fifth-highest consumer of oil, Japan was highly reliant on imports to fulfill 97% of its demand in 2022 due to limited domestic resources. Renewables (10%) and nuclear power (3%) constituted the smallest shares of Japan's primary energy consumption in 2021.

Japan was the fifth-highest consumer of petroleum and other liquids globally in 2021. It witnessed a notable reduction in consumption by over 1.1 million barrels per day during 2013-2022. In 2022, there was a decline in consumption that was primarily attributed to the weakening demand in the petrochemical sector. Thus, the growth of the oil & gas industry and the power generation sector is expected to drive the flanges market in the country in the coming years.

India, the world's third-largest importer of crude oil, experienced a peak level of imports of 232 million tons (Mt) in 2022, marking a 9.6% increase in imports. In 2022, crude oil imports constituted 88% of the country's total oil requirements. Despite being a net oil product exporter (17 Mt in 2022), India's net exports have decreased by 42% since 2018. Gas consumption in 2022 declined by 6% to 60 billion cubic meters (bcm), falling below 2017 levels due to elevated gas prices that discouraged imports. The country experienced a surge in gas consumption by 2.8% in 2021, following a 3.7% drop in 2020. The annual rate of gas consumption in India was 4.8% from 2014 to 2019. The industrial sector, especially fertilizer plants, emerged as the primary consumer of gas, accounting for 55% in 2022. It was followed by electricity production (18%) and, to a lesser extent, the residential and services sector (8%) and transport sector (7%). Flanges are widely used in these sectors across India.

India's Oil and Natural Gas Corporation (ONGC) is a company that operates one offshore drilling rig in different parts of the country. Thus, it is the major end user of flanges in the country. India's ambitious targets in electricity generation, coupled with an increase in oil and gas imports and investments in energy infrastructure, create a favorable environment for the growth of the flanges market.

Product Code: TIPRE00014730

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Secondary Research
3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macro-economic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country level data:

4. Flanges Market Landscape

4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
- 4.3.1 Raw Material Suppliers:
- 4.3.2 Flanges Manufacturers:
- 4.3.3 End Users:

5. Flanges Market - Key Market Dynamics

5.1 Flanges Market - Key Market Dynamics
5.2 Market Drivers
- 5.2.1 Rise in Investment in Oil and Gas Pipeline Infrastructure Development:
- 5.2.2 Increase in Investments in Water and Wastewater Treatment Infrastructure:
5.3 Market Restraints
- 5.3.1 Raw Material Price Fluctuations:
5.4 Market Opportunities
- 5.4.1 Rapid Growth of Renewable Energy Industry:
5.5 Future Trends
- 5.5.1 Innovations in Flange Materials and Integration of Advanced Technologies in Manufacturing:
5.6 Impact of Drivers and Restraints:

6. Flanges Market - Global Market Analysis

6.1 Flanges Market Revenue (US$ Million), 2021-2031
6.2 Flanges Market Revenue (US$ Million), 2021-2031
6.3 Flanges Market Forecast Analysis

7. Flanges Market Analysis - by Type

7.1 Weld Neck
- 7.1.1 Overview
- 7.1.2 Weld Neck: Flanges Market - Revenue and Forecast to 2031 (US$ Million)
7.2 Slip-On
- 7.2.1 Overview
- 7.2.2 Slip-On: Flanges Market - Revenue and Forecast to 2031 (US$ Million)
7.3 Socket Weld
- 7.3.1 Overview
- 7.3.2 Socket Weld: Flanges Market - Revenue and Forecast to 2031 (US$ Million)
7.4 Lap Joint
- 7.4.1 Overview
- 7.4.2 Lap Joint: Flanges Market - Revenue and Forecast to 2031 (US$ Million)
7.5 Blind
- 7.5.1 Overview
- 7.5.2 Blind: Flanges Market - Revenue and Forecast to 2031 (US$ Million)
7.6 Others
- 7.6.1 Overview
- 7.6.2 Others: Flanges Market - Revenue and Forecast to 2031 (US$ Million)

8. Flanges Market Analysis - by Material

8.1 Stainless Steel
- 8.1.1 Overview
- 8.1.2 Stainless Steel: Flanges Market - Revenue and Forecast to 2031 (US$ Million)
8.2 Carbon Steel
- 8.2.1 Overview
- 8.2.2 Carbon Steel: Flanges Market - Revenue and Forecast to 2031 (US$ Million)
8.3 Alloy Steel
- 8.3.1 Overview
- 8.3.2 Alloy Steel: Flanges Market - Revenue and Forecast to 2031 (US$ Million)
8.4 Others
- 8.4.1 Overview
- 8.4.2 Others: Flanges Market - Revenue and Forecast to 2031 (US$ Million)

9. Flanges Market Analysis - by Industry

9.1 Oil and Gas
- 9.1.1 Overview
- 9.1.2 Oil and Gas: Flanges Market - Revenue and Forecast to 2031 (US$ Million)
9.2 Chemical and Petrochemical
- 9.2.1 Overview
- 9.2.2 Chemical and Petrochemical: Flanges Market - Revenue and Forecast to 2031 (US$ Million)
9.3 Power Generation
- 9.3.1 Overview
- 9.3.2 Power Generation: Flanges Market - Revenue and Forecast to 2031 (US$ Million)
9.4 Manufacturing
- 9.4.1 Overview
- 9.4.2 Manufacturing: Flanges Market - Revenue and Forecast to 2031 (US$ Million)
9.5 Water Management
- 9.5.1 Overview
- 9.5.2 Water Management: Flanges Market - Revenue and Forecast to 2031 (US$ Million)
9.6 Food and Beverages
- 9.6.1 Overview
- 9.6.2 Food and Beverages: Flanges Market - Revenue and Forecast to 2031 (US$ Million)
9.7 Others
- 9.7.1 Overview
- 9.7.2 Others: Flanges Market - Revenue and Forecast to 2031 (US$ Million)

10. Flanges Market - Geographical Analysis

10.1 Overview
10.2 North America
- 10.2.1 North America Flanges Market Overview
- 10.2.2 North America: Flanges Market - Revenue and Forecast to 2031 (US$ Million)
- 10.2.3 North America: Flanges Market Breakdown, by Type
  - 10.2.3.1 North America: Flanges Market - Revenue and Forecast Analysis - by Type
- 10.2.4 North America: Flanges Market Breakdown, by Material
  - 10.2.4.1 North America: Flanges Market - Revenue and Forecast Analysis - by Material
- 10.2.5 North America: Flanges Market Breakdown, by Industry
  - 10.2.5.1 North America: Flanges Market - Revenue and Forecast Analysis - by Industry
- 10.2.6 North America: Flanges Market - Revenue and Forecast Analysis - by Country
  - 10.2.6.1 North America: Flanges Market - Revenue and Forecast Analysis - by Country
  - 10.2.6.2 United States: Flanges Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.2.6.2.1 United States: Flanges Market Breakdown, by Type
    - 10.2.6.2.2 United States: Flanges Market Breakdown, by Material
    - 10.2.6.2.3 United States: Flanges Market Breakdown, by Industry
  - 10.2.6.3 Canada: Flanges Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.2.6.3.1 Canada: Flanges Market Breakdown, by Type
    - 10.2.6.3.2 Canada: Flanges Market Breakdown, by Material
    - 10.2.6.3.3 Canada: Flanges Market Breakdown, by Industry
  - 10.2.6.4 Mexico: Flanges Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.2.6.4.1 Mexico: Flanges Market Breakdown, by Type
    - 10.2.6.4.2 Mexico: Flanges Market Breakdown, by Material
    - 10.2.6.4.3 Mexico: Flanges Market Breakdown, by Industry
10.3 Europe
- 10.3.1 Europe Flanges Market Overview
- 10.3.2 Europe: Flanges Market - Revenue and Forecast to 2031 (US$ Million)
- 10.3.3 Europe: Flanges Market Breakdown, by Type
  - 10.3.3.1 Europe: Flanges Market - Revenue and Forecast Analysis - by Type
- 10.3.4 Europe: Flanges Market Breakdown, by Material
  - 10.3.4.1 Europe: Flanges Market - Revenue and Forecast Analysis - by Material
- 10.3.5 Europe: Flanges Market Breakdown, by Industry
  - 10.3.5.1 Europe: Flanges Market - Revenue and Forecast Analysis - by Industry
- 10.3.6 Europe: Flanges Market - Revenue and Forecast Analysis - by Country
  - 10.3.6.1 Europe: Flanges Market - Revenue and Forecast Analysis - by Country
  - 10.3.6.2 Germany: Flanges Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.3.6.2.1 Germany: Flanges Market Breakdown, by Type
    - 10.3.6.2.2 Germany: Flanges Market Breakdown, by Material
    - 10.3.6.2.3 Germany: Flanges Market Breakdown, by Industry
  - 10.3.6.3 France: Flanges Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.3.6.3.1 France: Flanges Market Breakdown, by Type
    - 10.3.6.3.2 France: Flanges Market Breakdown, by Material
    - 10.3.6.3.3 France: Flanges Market Breakdown, by Industry
  - 10.3.6.4 Italy: Flanges Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.3.6.4.1 Italy: Flanges Market Breakdown, by Type
    - 10.3.6.4.2 Italy: Flanges Market Breakdown, by Material
    - 10.3.6.4.3 Italy: Flanges Market Breakdown, by Industry
  - 10.3.6.5 United Kingdom: Flanges Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.3.6.5.1 United Kingdom: Flanges Market Breakdown, by Type
    - 10.3.6.5.2 United Kingdom: Flanges Market Breakdown, by Material
    - 10.3.6.5.3 United Kingdom: Flanges Market Breakdown, by Industry
  - 10.3.6.6 Russia: Flanges Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.3.6.6.1 Russia: Flanges Market Breakdown, by Type
    - 10.3.6.6.2 Russia: Flanges Market Breakdown, by Material
    - 10.3.6.6.3 Russia: Flanges Market Breakdown, by Industry
  - 10.3.6.7 Rest of Europe: Flanges Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.3.6.7.1 Rest of Europe: Flanges Market Breakdown, by Type
    - 10.3.6.7.2 Rest of Europe: Flanges Market Breakdown, by Material
    - 10.3.6.7.3 Rest of Europe: Flanges Market Breakdown, by Industry
10.4 Asia Pacific
- 10.4.1 Asia Pacific Flanges Market Overview
- 10.4.2 Asia Pacific: Flanges Market - Revenue and Forecast to 2031 (US$ Million)
- 10.4.3 Asia Pacific: Flanges Market Breakdown, by Type
  - 10.4.3.1 Asia Pacific: Flanges Market - Revenue and Forecast Analysis - by Type
- 10.4.4 Asia Pacific: Flanges Market Breakdown, by Material
  - 10.4.4.1 Asia Pacific: Flanges Market - Revenue and Forecast Analysis - by Material
- 10.4.5 Asia Pacific: Flanges Market Breakdown, by Industry
  - 10.4.5.1 Asia Pacific: Flanges Market - Revenue and Forecast Analysis - by Industry
- 10.4.6 Asia Pacific: Flanges Market - Revenue and Forecast Analysis - by Country
  - 10.4.6.1 Asia Pacific: Flanges Market - Revenue and Forecast Analysis - by Country
  - 10.4.6.2 China: Flanges Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.4.6.2.1 China: Flanges Market Breakdown, by Type
    - 10.4.6.2.2 China: Flanges Market Breakdown, by Material
    - 10.4.6.2.3 China: Flanges Market Breakdown, by Industry
  - 10.4.6.3 Japan: Flanges Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.4.6.3.1 Japan: Flanges Market Breakdown, by Type
    - 10.4.6.3.2 Japan: Flanges Market Breakdown, by Material
    - 10.4.6.3.3 Japan: Flanges Market Breakdown, by Industry
  - 10.4.6.4 India: Flanges Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.4.6.4.1 India: Flanges Market Breakdown, by Type
    - 10.4.6.4.2 India: Flanges Market Breakdown, by Material
    - 10.4.6.4.3 India: Flanges Market Breakdown, by Industry
  - 10.4.6.5 Australia: Flanges Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.4.6.5.1 Australia: Flanges Market Breakdown, by Type
    - 10.4.6.5.2 Australia: Flanges Market Breakdown, by Material
    - 10.4.6.5.3 Australia: Flanges Market Breakdown, by Industry
  - 10.4.6.6 South Korea: Flanges Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.4.6.6.1 South Korea: Flanges Market Breakdown, by Type
    - 10.4.6.6.2 South Korea: Flanges Market Breakdown, by Material
    - 10.4.6.6.3 South Korea: Flanges Market Breakdown, by Industry
  - 10.4.6.7 Rest of APAC: Flanges Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.4.6.7.1 Rest of APAC: Flanges Market Breakdown, by Type
    - 10.4.6.7.2 Rest of APAC: Flanges Market Breakdown, by Material
    - 10.4.6.7.3 Rest of APAC: Flanges Market Breakdown, by Industry
10.5 Middle East and Africa
- 10.5.1 Middle East and Africa Flanges Market Overview
- 10.5.2 Middle East and Africa: Flanges Market - Revenue and Forecast to 2031 (US$ Million)
- 10.5.3 Middle East and Africa: Flanges Market Breakdown, by Type
  - 10.5.3.1 Middle East and Africa: Flanges Market - Revenue and Forecast Analysis - by Type
- 10.5.4 Middle East and Africa: Flanges Market Breakdown, by Material
  - 10.5.4.1 Middle East and Africa: Flanges Market - Revenue and Forecast Analysis - by Material
- 10.5.5 Middle East and Africa: Flanges Market Breakdown, by Industry
  - 10.5.5.1 Middle East and Africa: Flanges Market - Revenue and Forecast Analysis - by Industry
- 10.5.6 Middle East and Africa: Flanges Market - Revenue and Forecast Analysis - by Country
  - 10.5.6.1 Middle East and Africa: Flanges Market - Revenue and Forecast Analysis - by Country
  - 10.5.6.2 South Africa: Flanges Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.5.6.2.1 South Africa: Flanges Market Breakdown, by Type
    - 10.5.6.2.2 South Africa: Flanges Market Breakdown, by Material
    - 10.5.6.2.3 South Africa: Flanges Market Breakdown, by Industry
  - 10.5.6.3 Saudi Arabia: Flanges Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.5.6.3.1 Saudi Arabia: Flanges Market Breakdown, by Type
    - 10.5.6.3.2 Saudi Arabia: Flanges Market Breakdown, by Material
    - 10.5.6.3.3 Saudi Arabia: Flanges Market Breakdown, by Industry
  - 10.5.6.4 United Arab Emirates: Flanges Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.5.6.4.1 United Arab Emirates: Flanges Market Breakdown, by Type
    - 10.5.6.4.2 United Arab Emirates: Flanges Market Breakdown, by Material
    - 10.5.6.4.3 United Arab Emirates: Flanges Market Breakdown, by Industry
  - 10.5.6.5 Rest of Middle East and Africa: Flanges Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.5.6.5.1 Rest of Middle East and Africa: Flanges Market Breakdown, by Type
    - 10.5.6.5.2 Rest of Middle East and Africa: Flanges Market Breakdown, by Material
    - 10.5.6.5.3 Rest of Middle East and Africa: Flanges Market Breakdown, by Industry
10.6 South and Central America
- 10.6.1 South and Central America Flanges Market Overview
- 10.6.2 South and Central America: Flanges Market - Revenue and Forecast to 2031 (US$ Million)
- 10.6.3 South and Central America: Flanges Market Breakdown, by Type
  - 10.6.3.1 South and Central America: Flanges Market - Revenue and Forecast Analysis - by Type
- 10.6.4 South and Central America: Flanges Market Breakdown, by Material
  - 10.6.4.1 South and Central America: Flanges Market - Revenue and Forecast Analysis - by Material
- 10.6.5 South and Central America: Flanges Market Breakdown, by Industry
  - 10.6.5.1 South and Central America: Flanges Market - Revenue and Forecast Analysis - by Industry
- 10.6.6 South and Central America: Flanges Market - Revenue and Forecast Analysis - by Country
  - 10.6.6.1 South and Central America: Flanges Market - Revenue and Forecast Analysis - by Country
  - 10.6.6.2 Brazil: Flanges Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.6.6.2.1 Brazil: Flanges Market Breakdown, by Type
    - 10.6.6.2.2 Brazil: Flanges Market Breakdown, by Material
    - 10.6.6.2.3 Brazil: Flanges Market Breakdown, by Industry
  - 10.6.6.3 Argentina: Flanges Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.6.6.3.1 Argentina: Flanges Market Breakdown, by Type
    - 10.6.6.3.2 Argentina: Flanges Market Breakdown, by Material
    - 10.6.6.3.3 Argentina: Flanges Market Breakdown, by Industry
  - 10.6.6.4 Rest of South and Central America: Flanges Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.6.6.4.1 Rest of South and Central America: Flanges Market Breakdown, by Type
    - 10.6.6.4.2 Rest of South and Central America: Flanges Market Breakdown, by Material
    - 10.6.6.4.3 Rest of South and Central America: Flanges Market Breakdown, by Industry

11. Competitive Landscape

11.1 Heat Map Analysis by Key Players
11.2 Company Positioning & Concentration

12. Industry Landscape

12.1 Overview
12.2 Market Initiative
12.3 Mergers & Acquisitions

13. Company Profiles

13.1 AFG Holdings Inc
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
13.2 General Flange & Forge LLC
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
13.3 FLANGE WORKS BEBITZ GMBH
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
13.4 Armetal Stainless Pipe
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
13.5 Metalfar Prodotti Industriali S.p.A.
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
13.6 Coastal Flange, Inc.
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments
13.7 London Fittings & Flanges Ltd
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
- 13.7.6 Key Developments
13.8 Kerkau Manufacturing Inc
- 13.8.1 Key Facts
- 13.8.2 Business Description
- 13.8.3 Products and Services
- 13.8.4 Financial Overview
- 13.8.5 SWOT Analysis
- 13.8.6 Key Developments
13.9 KME Germany GmbH
- 13.9.1 Key Facts
- 13.9.2 Business Description
- 13.9.3 Products and Services
- 13.9.4 Financial Overview
- 13.9.5 SWOT Analysis
- 13.9.6 Key Developments
13.10 Texas Flange
- 13.10.1 Key Facts
- 13.10.2 Business Description
- 13.10.3 Products and Services
- 13.10.4 Financial Overview
- 13.10.5 SWOT Analysis
- 13.10.6 Key Developments

14. Appendix

14.1 About The Insight Partners