Flange Market Scope
Flanges refer to the material generally used in the piping and fitting or rather an equipment to join together two pipes. There is a different type of flanges based on the facing type, material, pressure, temperature rating, and others. Major factors driving the growth of flanges market are increasing investment in mega construction projects and growing demand from petrochemical and oil & gas industry. Further, increasing demand from the developing economies expected to drive the demand for flanges over the forecasted period.
According to AMA, the Global Flange market is expected to see growth rate of 3.6%
Numerous large and small vendors are present in the market hence showcasing the highly fragmented nature of the market. The market players are adopting the indirect marketing channel for expanding their business presence. Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Flange market throughout the predicted period.
Outokumpu (Finland), Viraj Profiles Ltd (India), Sandvik AB (Sweden), Metalfar (Italy), AF Global (United States), Bebitz (Germany), Korea Flange Co., Ltd. (South Korea), Core Pipe (United States), Officine Nicola Galperti and Figlio S.p.A (Italy), SBK (China) and Maass Flange Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are IPP Group (United Kingdom), Arcus Nederland BV (Netherland), Dapaco Stainless (Denmark) and CHW Forge (China).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Flange market by Type (High Hub Blinds Flanges, Sanitary Flanges, Threaded Flanges, Spectacle Flanges, Weld Flanges and Others), by Application (Plumbing, Mechanics, Electronics and Others) and Region with country level break-up.
On the basis of geography, the market of Flange has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
26th March 2019, OPRA Turbines announced a new partnership With AF Global. Under the Agreement, AF Global will act as a reseller, packager and service provider for OPRA in the Americas. AF Global and OPRA will start the delivery of OP16 gas turbine packages, tailored to market requirements from AF Global’s regional facilities in America.
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.
Market Trend
- Rising Use of Waveguide Flanges for Connecting Sections of Waveguide
- Increasing Investment in Mega Construction Projects
Market Drivers
- Growing Demand From the Of Oil & Gas and Petrochemical Industry
- Increasing Demand for Carbon Steel Flanges
Opportunities
- Increasing Demand from the Developing Economies
- Growing Demand from Automotive Industry for Different Types of Flanges Used in Automotive
Restraints
- Increasing Failures in Flange Joints
Challenges
- Increasing Number of Local Players in the Market
Key Target Audience
Flange Manufacturers, Flange Distributors, Government Research Institutes, Venture Capitalists and Investment Banks, Potential Investors, Government Bodies, Business Research and Consulting Service Providers and Others