Flanges Market Analysis

Type (Slip-on, Socket Weld, Weld Neck, Threaded, Lap Joint, Blind)

Weld neck segment is anticipated to dominate flanges market share of around 62% by the end of 2037. The segment growth can be attributed to the increasing production of chemicals. For instance, the output of chemicals is estimated to increase globally at a rate of around 2% annually. This makes large pipeline networks necessary for the transportation of both raw materials and completed commodities, increasing the demand for weld neck flanges.

To join two pipes, a weld neck flange is one kind of pipe fitting that is utilized in chemical facilities since these operations require high pressure, harsh temperatures (cold or hot), and combustible or caustic substances.

End-Use (Automotive, Oil and Gas, Manufacturing, HVAC)

The oil and gas segment in flanges market is set to gather enormous CAGR during the forecast period. The major factor for the expansion of the segment is the rising production of oil and gas across the globe. Particularly, in 2022, there were more than 92 million barrels of oil produced daily worldwide.

The oil and gas sector work with a variety of fluids, including water, chemicals, gas, and oil therefore, to avoid potential problems like leaks, and guarantee safety, this industry's harsh and high-pressure settings demand the use of robust and dependable flanges.

Material (Carbon Steel, Aluminum, Stainless Steel)

The stainless-steel segment is anticipated to hold a sizable revenue share in the flanges market through 2037. This growth of the segment is set to be encouraged by the rising need for safe water. As per a report published by the United Nations, the percentage of people worldwide who have access to safely managed drinking water rose from 69% to 73% between 2015 and 2022.

For the past 50 years, stainless steel flanges have been used in municipal water supply systems and water treatment facilities, to join pipes regulate water flow, handle wastewater, and supply clean water.

For instance, stainless steel is ideal for potable water treatment plants where a particular chemical content could enhance corrosion since it includes over 1% molybdenum, which helps prevent corrosion from chlorides.

Our in-depth analysis of the flanges market includes the following segments: