According to a new research report by Global Market Insights, Inc, Flanges Market size will surpass USD 6 billion by 2025.
Flanges market share has been witnessing a significant growth rate accredited to rising awareness for wastewater management programs worldwide. International regulations and frameworks associated with wastewater treatment and sanitation such as Water Supply and Sanitation Collaborative Council (WSSCC), have laid emphasis on deployment of flanges in pipelines. Since these flanges can be easily assembled and disassembled, it helps in effortless cleaning & maintenance to ensure constant flow of liquids and enable protection of marine environment. Stainless steel flanges are used in wastewater management plants due to their high corrosion resistant properties and a good service life. The stainless-steel grade with increased chromium content is used in flanges resist corrosion arising out of chlorides like seawater making it a necessary choice of wastewater plant processes.
Flanges are classified on the basis of shape as into weld neck, slip on, lap joint, socket weld, blind flanges, etc. Weld neck flanges have been dominant in the shape segment and will account for a share of almost 60% in the total market share in 2025. Each class of flange has distinct properties and application areas. For instance, socket weld flanges are mainly utilized in small size and high-pressure applications such as in chemical processes, hydraulic and steam distribution lines.
Asia Pacific and Europe are the most significant regions for flanges market share accounting for a share of around 50% and 20% respectively. The reason behind Asia Pacific seeking a high growth rate for flanges is its established steel industry. Easy availability of raw materials and large pipeline networks to cater the huge regional population will be key driving factors.
For more information please visit: https://www.gminsights.com/industry-analysis/flanges-market
