Demand for Flanges to Double as Petrochemical Industry Gathers Momentum

Posted by Jack Martin on March 5th, 2020

Fact.MR has adopted multi-disciplinary approach to shed light on the evolution of the global Flanges market during the historical period of 2014 – 2018. The study presents a deep-dive assessment of the current growth dynamics, major avenues in the estimation year of 2019, and key prospects over the forecast period 2019 – 2027. 

The global flanges market is estimated to grow at a modest CAGR of over 5.5% during the forecast period (2019-2027) and reach a valuation of over US$ 7 Bn. Extensive rounds of primary and a comprehensive secondary research have been leveraged by the analysts at Fact.MR to arrive at various estimations and projections of the Flanges market, both at global and regional levels. The analysts have used numerous industry-wide prominent business intelligence tools to consolidate facts, figures, and market data into revenue estimations and projections in the Flanges market. 

After reading the Flanges market report, readers get insight into: 

• Major drivers and restraining factors, opportunities and challenges, and the competitive landscape
• New, promising avenues in key regions
• New revenue streams for all players in emerging markets
• Focus and changing role of various regulatory agencies in bolstering new opportunities in various regions
• Demand and uptake patterns in key industries of the Flanges market
• New research and development projects in new technologies in key regional markets
• Changing revenue share and size of key product segments during the forecast period
• Technologies and business models with disruptive potential 

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The Flanges market report offers assessment of prevailing opportunities in various regions and evaluates their shares of revenue by the end of different years of the assessment period. Key regions covered comprise: 

• North America (U.S., Canada)
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America)
• Europe (Germany, Italy, France, U.K., Spain, Benelux, Russia, Rest of Europe)
• East Asia (China, Japan, South Korea)
• Japan
• APEJ (China, India, Indonesia, Thailand, Singapore, Australia & New Zealand, Rest of Asia Pacific)
• South Asia & Oceania (India, Thailand, Indonesia, Malaysia, Australia & New Zealand, Rest of South Asia & Oceania)
• Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa, Rest of Middle East & Africa)

The evaluation of the competitive landscape in the Flanges market covers the profile of the following top players:

• General Flange & Forge LLC
• Outokumpu Armetal Stainless Pipe Co Ltd
• Pro-Flange Limited
• Kerkau Manufacturing
• Texas Flange
• Mass Global Group
• Others

To expand the understanding of opportunities in the global Flanges market report looks at close quarters into the opportunities and new avenues in following key segments: 

• Aviation and aerospace
• Petrochemical
• Architectural decoration
• Food & beverages processing
• Construction

In addition to understanding the demand patterns of various end users, the report on the FLANGES market also enumerates trends expected to attract investments by other various associated industries. 

On the basis of types, the Flanges market report offers insight into major adoption trends for the following segments: 

• Welding neck
• Long welding neck
• Slip-on
• Socket weld
• Lap joint
• others (threaded, blind))

By Material type,

• Carbon steel
• Stainless steel
• Aluminum
• Polymer
• others (cast iron, bronze))

The global Flanges market report offers detailed assessments and quantitative evaluations that shed light on numerous key aspects that have shaped its evolution over the historical period. In coming years, some of the key aspects that will shape the growth prospects during the forecast period are objectively covered in the study.  

Some important questions that the Flanges market report tries to answer exhaustively are: 

• Key strategic moves by various players in the Flanges market in recent years with respect to product launches, deals and tie-ups, and mergers and acquisitions, and divestment of shares.
• Which strategies will enable top players in the Flanges market to expand their geographic footprints?
• Which new business models are expected to change the course of growth of key regional markets in near future?
• Which technologies will witness most attractive research investments and what will be the key sources of funding for startups and new entrants?
• Which products segments have in recent years have seen new, lucrative application areas?

About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.