What is Global Stainless Steel Flanges Market?
The Global Stainless Steel Flanges Market is a vast and dynamic sector that deals with the production, distribution, and consumption of stainless steel flanges. These flanges are integral components used in various industries for connecting pipes, valves, pumps, and other equipment to form a piping system. They provide easy access for cleaning, inspection, or modification. The market's value was pegged at US$ 971.7 million in 2022 and is projected to reach US$ 1173.5 million by 2029, growing at a steady CAGR of 2.7% from 2023 to 2029.
Weld Flange, Blind Flange, Slip-On Flange, Others in the Global Stainless Steel Flanges Market:
Diving deeper into the types of stainless steel flanges, we find Weld Flange, Blind Flange, Slip-On Flange, and others. Weld Flange is the most common type, accounting for about 80.07% of the market in 2019. It is designed to be welded on site at its end(s) to connect pipe(s) together and allow a change in direction or pipe diameter or branching or ending. Blind Flanges are used to seal an end of a piping system or pressure vessel openings to prevent flow. Slip-On Flange is slipped over the pipe and then fillet-welded. Other types of flanges include Threaded, Socket-Weld, Lap Joint, and so on.
Petrochemical Industry, Food and Pharmaceutical Industry, Architectural Decoration Industry, Others in the Global Stainless Steel Flanges Market:
The application of stainless steel flanges is widespread across various industries. In the Petrochemical Industry, they are used in piping systems for oil, gas, and petrochemicals due to their high resistance to heat, corrosion, and pressure. The Food and Pharmaceutical Industry also utilizes these flanges in their processing equipment for their hygienic properties and easy cleaning ability. In the Architectural Decoration Industry, stainless steel flanges add aesthetic appeal and structural integrity to buildings and structures. Other industries that use these flanges include water treatment, power generation, and shipbuilding.
Global Stainless Steel Flanges Market Outlook:
In terms of geographical distribution, Asia-Pacific dominated the market in 2019 with a share of 48.69%, and it is expected to maintain its lead in the coming years. Europe and North America also hold significant market shares of 25.53% and 20.77% respectively, indicating their crucial role in the global market. The top five companies in this market accounted for 46% of the total market share in 2019, demonstrating the competitive nature of this market.
| Report Metric | Details |
| Report Name | Stainless Steel Flanges Market |
| Accounted market size in 2022 | US$ 971.7 million |
| Forecasted market size in 2029 | US$ 1173.5 million |
| CAGR | 2.7% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
|
| Segment by Application |
|
| Production by Region |
|
| Consumption by Region |
|
| By Company | Outokumpu, Viraj Profiles Limited, Sandvik, Metalfar, AFGlobal, Bebitz, Melesi, Kofco, Core Pipe, Galperti Group, SBK, Maass Flange Corp, IPP Group, Arcus Nederland BV, Dacapo Stainless |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
