Flanges market to register commendable proceeds during 2019–2025
Category: #headlines  By Partha Ray  Date: 2019-09-10
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Flanges market to register commendable proceeds during 2019–2025

Global Market Insights has recently added a report on Flanges Market Share 2019-2025 which provides a succinct analysis of the market size, revenue forecast, and the regional landscape of this industry. The report also highlights the major challenges and current growth strategies adopted by the prominent companies that are a part of the dynamic competitive spectrum of this business sphere.

APAC flanges market is estimated to register commendable proceeds from wastewater management application. With expanding population and urbanization, wastewater management has become crucial across developing nations. Flanged pipes are mostly used in water and wastewater treatment plants due to their ease of assembly and disassembly. Increasing investments and government initiatives to support water conservation will propel flanges industry size across the region.

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Flanges come in different material types like stainless steel, aluminum, brass, cast iron, bronze, plastic etc. and are increasingly used in industries like oil & gas, petrochemicals, chemicals, and power generation. Growing investments across the oil & gas sector coupled with supporting government plans will expand flanges market size. For instance, in 2018, the Government of India announced plans to invest USD 9.97 billion to expand its gas pipeline network across the nation.

By shape, weld neck flanges segment will account for about 60% market share by 2025. The product is increasingly used in critical application that comprise conditions like high temperature, high pressure, volatile and hazardous fluids, and temperatures around sub-zero range.

Weld neck flanges are machined to match a connecting tube’s internal diameter, eventually offering reduced friction and avoiding turbulence to gain less vibration and smoother, low noise flow. It offers more accurate and easier pipe alignment, effectively saving time on installation. Moreover, it offers excellent stress distribution and can easily be radiographed for detecting flaws.

The product offers higher fatigue strength, approximately 50% greater than double-welded slip-on flanges. With such profound features, both weld neck and socket weld flange segments will record increased demand over the forecast period, supplementing flanges industry size.

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As far as material is concerned, stainless steel has witnessed increased demand in water treatment plants. The material possesses higher corrosion resistance, allowing it to perform well at times of maximum flow rates. Industries are increasingly opting for high grade, low carbon stainless steel flanges owing to their ability to work with various wastewater management operations more effectively.

In addition to water treatment plants, stainless steel flanges are also used in petrochemicals, offshore oil drilling operations, power generation, sea water equipment, gas processing systems and more. Reliable reports suggest that the segment will account for approximately 45% of the total flanges market share by 2025. Moreover, the material’s environment friendly and cost-effective properties are estimated to encourage industry adoption, fostering market size.

Flanges market is witnessing immense traction on account of increasing product application in end-user industries like oil & gas, chemical and water treatment. Growing awareness regarding wastewater treatment and supportive federal initiative will propel product demand. Global Market Insights, Inc. estimates flanges market size to exceed USD 6 billion by 2025.

Related News - https://www.marketwatch.com/press-release/1-bn-bn-regenerative-blowers-market-2025-revenue-forecast-by-regional-players-2019-09-09

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Global Market Insights, Inc.
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About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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