Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Flanges Market size was over USD 5.74 billion in 2024 and is projected to reach USD 11.66 billion by 2037, growing at around 5.6% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of flanges is assessed at USD 6 billion.
The growing requirement for energy is an important aspect fueling the flanges market need for flanges which is found in various power generation facilities, including hydroelectric, thermal, and nuclear plants since they are essential to the safety, effectiveness, and operation of systems in these settings.
According to the International Energy Agency, in 2021, there was a 5% increase in the electricity demand, with coal accounting for over half of this increase.
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Frequently Asked Questions (FAQ)
In the year 2025, the industry size of flanges is assessed at USD 6 billion.
The flanges market size was over USD 5.74 billion in 2024 and is projected to reach USD 11.66 billion by 2037, growing at around 5.6% CAGR during the forecast period i.e., between 2025-2037. The growing requirement for energy will boost the market growth.
Asia Pacific industry is poised to account for largest revenue share of 47% by 2037, owing to rapid urbanization in the region.
The major players in the market are AFG Holdings, Inc., Coastal Flange, Inc., Flanschenwerk Bebitz Gmbh, SSI Technologies, Inc, Kerkau Manufacturing, Qontrol Devices, Inc., Mass Global Group, Metal far Prodotti Industrial S.P.A., Outokumpu Armetal Stainless Pipe Co. Ltd, Sandvik Ab, Texas Flange, and others.
