Flanges are one of the most important components used in piping systems. A flange is a metallic device that connects two pipes or a pipe to a valve, pump, or other mechanical device. Flanges are made from a variety of materials, such as stainless steel, carbon steel, alloy steel, and other materials. They are used in a variety of industries, including oil and gas, chemicals, petrochemicals, and others.
The global flanges market is expected to grow at a significant rate during the forecast period. The increasing demand for oil and gas, chemicals, and petrochemicals, along with the growing demand for flanged piping systems, are expected to drive the growth of the flanges market. Furthermore, the growing demand for industrial automation and the increasing use of flanges for connecting pipelines in various industrial processes will further fuel the growth of the flanges market.
The major players in the flanges market are American Piping Products, Inc., EFS (Euro Flange Systems), Flange Fittings, Inc., Lynx Products Corporation, and W&O Supply, Inc. These companies are focusing on introducing advanced flanges with improved features, such as corrosion resistance, durability, and compatibility with other components
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Flanges Industry Insights:
The flanges market has become an increasingly important factor in the global economy due to its wide range of applications. The demand for flanges has been rising due to the growing need for safe and secure pipe connections in a variety of industries, including oil and gas, petrochemicals, water, and power generation. This has also been driven by the increasing usage of flanges in various industrial sectors such as automotive, construction, and aerospace.
The global flanges market is expected to grow at a CAGR of over 4.5% during the forecast period (2020-2025). The increasing demand for flanges from the oil and gas industry is driving the growth of the market. Moreover, the growing demand for flanges from the automotive sector is also contributing to the overall market growth.
The increasing demand for flanges from the construction sector is also driving the growth of the market. The rising construction activities across the globe coupled with the increasing demand for flanges from the aerospace sector is further accelerating the growth of the market. In addition, the rising demand for flanges from the power generation sector is also driving the growth of the market. The rising demand for flanges from the oil and gas industry is the major factor driving the market