Latest research on Flange Market reports annualized growth of 3.6%

Flange Market Latest Edition Published with Forecast to 2027


The article cited AMA's "Global Flange Market Study" explored CAGR of 3.6%. According to the report, Rising Use of Waveguide Flanges for Connecting Sections of Waveguide is one of the primary growth factors for the market. Growing Demand From the Of Oil & Gas and Petrochemical Industry is also expected to contribute significantly to the Flange market. Overall, Plumbing applications of Flange, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Pressure Ratings, such as 150, is boosting the Flange market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Material, such as Stainless Steel, is boosting the Flange market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Size , such as 1/2"-3", is boosting the Flange market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The End-Use, such as Oil & Gas, is boosting the Flange market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

AMA’s Analyst on the Global Flange market identified that the demand is rising in many different parts of the world as "Increasing Demand from the Developing Economies ". Furthermore, some recent industry insights like "27th May 2019, Sandvik launches E-Track, an online self-service portal for bar and piping products and this offers service online platform which will allow customers to access information regarding round bar, hollow bar, pipe, flanges, and fittings." is constantly making the industry dynamic.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Flange market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2018 currency rates.

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Flange market and other related sub-markets covered in the study.

o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Have a look at detailed Table of Content for Flange Market Study

Data Triangulation
The overall Flange market size is calculated using market estimation process, the Flange market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Flange market size has been validated using both top-down and bottom-up approaches.

Praveen Kumar

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