Flange Market Research Report By Material (Stainless Steel, Carbon Steel, Alloy Steel, Copper Alloys, Nickel-Based Alloys), By Type (Weld Neck Flanges, Slip-On Flanges, Lap Joint Flanges, Threaded Flanges, Socket Weld Flanges, Blind Flanges), By Pressure Rating (Class 150, Class 300, Class 600, Class 900, Class 1500, Class 2500), By Flange Face (Raised Face, Flat Face, Ring-Joint Face, Male and Female Face), By Industry (Oil and Gas, Chemical Processing, Power Generation, Pharmaceuticals, Water Treatment) and By Regional (North America, Eu

Global Flange Market Overview

The Flange Market Size was estimated at 15.34 (USD Billion) in 2022. The Flange Industry is expected to grow from 15.92(USD Billion) in 2023 to 22.2 (USD Billion) by 2032. The Flange Market CAGR (growth rate) is expected to be around 3.77% during the forecast period (2024 - 2032).

Key Flange Market Trends Highlighted

Key market drivers for the flange market include increasing industrialization, rising demand for oil and gas, and growing infrastructure development. The market is also driven by the increasing adoption of flanges in various industries, such as automotive, shipbuilding, and aerospace.Opportunities for growth in the flange market lie in the expansion of emerging markets, such as China and India, as well as the development of new applications for flanges. The market is also expected to benefit from the increasing adoption of automation and robotics in manufacturing processes.Recent trends in the flange market include the increasing use of lightweight materials, such as aluminum and composites, as well as the development of new flange designs that improve performance and reduce costs. The market is also seeing the emergence of new flange technologies, such as 3D printing and additive manufacturing, which offer the potential for further innovation and growth.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Flange Market Drivers

Increasing Demand from the Energy Sector

The energy sector is a major consumer of flanges, as they are used in a variety of applications, including pipelines, valves, and pumps. The growing demand for energy, particularly in emerging economies, is expected to drive the growth of the flange market. Additionally, the increasing investment in renewable energy sources, such as solar and wind power, is also expected to contribute to the growth of the flange market, as flanges are used in the construction of these renewable energy systems.The Flange Market Industry is expected to witness significant growth over the forecast period owing to the increasing demand from the energy sector. The growing demand for energy, particularly in emerging economies, is expected to drive the growth of the flange market.

Rising Infrastructure Development

There are other major consumers of flange that is the construction industry because it used in different areas like bridges, buildings and roads. The ongoing investment in infrastructure in emerging countries is expected to drive the growth of the flange market. The increasing population and urbanization is also expected to drive the growth of the flange market since it is used in the construction of new buildings and infrastructure.

Technological Advancements

The flange market is also expected to benefit from technological advancements, such as the development of new materials and manufacturing processes. These advancements are expected to lead to the development of new and improved flanges that are more efficient, durable, and cost-effective. Additionally, the adoption of new technologies, such as 3D printing, is also expected to contribute to the growth of the flange market.

Flange Market Segment Insights

Flange Market Material Insights   

The Flange Market is segmented based on material into stainless steel, carbon steel, alloy steel, copper alloys, and nickel-based alloys. Among these, the stainless steel segment held the largest market share in 2023, accounting for around 35% of the market revenue. The high demand for stainless steel flanges can be attributed to their superior corrosion resistance, durability, and strength. This makes them ideal for use in a wide range of industrial applications, including chemical processing, food and beverage, and oil and gas. The carbon steel segment is expected to witness significant growth over the forecast period, owing to its low cost and high strength.Carbon steel flanges are commonly used in construction, automotive, and shipbuilding industries. The alloy steel segment is also projected to grow at a steady pace, driven by its superior mechanical properties and resistance to wear and tear. Alloy steel flanges are often used in high-pressure and high-temperature applications, such as power plants and refineries. Copper alloys and nickel-based alloys are used in specialized applications where corrosion resistance and high strength are critical. Copper alloy flanges are commonly used in marine environments, while nickel-based alloy flanges are used in extreme temperature and corrosive environments, such as in the aerospace and chemical industries.The growth of these segments is expected to be driven by increasing demand from these industries. Overall, the Flange Market is expected to witness steady growth over the forecast period, driven by increasing industrialization and urbanization. The rising demand for flanges from various industries, coupled with technological advancements and product innovations, is expected to drive the market growth.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Flange Market Type Insights   

The Type segmentation of the Flange Market comprises of Weld Neck Flanges, Slip-On Flanges, Lap Joint Flanges, Threaded Flanges, Socket Weld Flanges, Blind Flanges. The Weld Neck Flanges segment is likely to dominate the market with a ~34.0% share of the market in 2023. Demand for the segment stems from the broad use across a number of industries as they help in connecting the pipes and make them safe, preventing leaks. The Slip-On Flanges segment is likely to exhibit a promising growth rate during the review period as they are fixed with ease and cost-effective.The Flange Market is expected to reach a market value of USD 18.23 billion by 2024, and it is expected to expand at a CAGR of 4.3% over the review period of 2023-2032.

Flange Market Pressure Rating Insights   

The Flange Market is segmented by pressure rating into Class 150, Class 300, Class 600, Class 900, Class 1500, and Class 2500. The Class 150 segment held the largest market share in 2023, and is expected to continue to dominate the market during the forecast period. The Class 300 segment is expected to register the highest CAGR during the forecast period. The growth of the Class 150 segment is attributed to the increasing demand for low-pressure flanges in various industries, including water and wastewater treatment, chemical processing, and power generation.The market growth is driven by the increasing demand for flanges in various industries, including oil and gas, petrochemical, chemical, and power generation.

Flange Market Flange Face Insights   

The Flange Market is segmented based on Flange Face into Raised Face, Flat Face, Ring-Joint Face, and Male and Female Face. In 2023, the Raised Face segment accounted for the largest share of the Flange Market revenue. The Flat Face segment is expected to grow at the highest CAGR during the forecast period. Raised Face flanges have a raised surface that creates a seal against a mating flange. Flat Face flanges have a flat surface that creates a seal against a gasket. Ring-Joint Face flanges have a recessed surface that accommodates a ring gasket.Male and Female Face flanges have a convex and concave surface, respectively, that creates a seal when mated. The growth of the Flat Face segment is attributed to the increasing demand for flanges in the oil and gas industry. Flat Face flanges are preferred in high-pressure and high-temperature applications. The growth of the Ring-Joint Face segment is attributed to the increasing demand for flanges in the chemical and petrochemical industries. Ring-Joint Face flanges are preferred in applications where a leak-tight seal is required. The growth of the Male and Female Face segment is attributed to the increasing demand for flanges in the aerospace and defense industries. Male and Female Face flanges are preferred in applications where a strong and durable seal is required.

Flange Market Industry Insights   

The Oil and Gas industry held the largest share of the Flange Market in 2023, accounting for around 28% of the overall market revenue. This dominance is attributed to the extensive use of flanges in oil and gas pipelines, valves, and other components. The Chemical Processing industry follows closely with a significant market share, driven by the demand for flanges in chemical plants, reactors, and pipelines. Power Generation is another major industry segment, utilizing flanges in power plants, turbines, and other equipment. The Pharmaceuticals and Water Treatment industries also contribute to the market growth, utilizing flanges in various applications such as drug manufacturing, water filtration systems, and desalination plants. Overall, the industry segmentation of the Flange Market reflects the diverse applications of flanges across various industries, each with its unique set of requirements.

Flange Market Regional Insights   

The regional landscape of the Flange Market showcases a diverse landscape with varying market dynamics. North America holds a significant market share, driven by the presence of established manufacturing hubs and robust infrastructure development. Europe follows closely, with a mature market characterized by technological advancements and stringent regulatory standards. The APAC region is expected to witness substantial growth, fueled by rapid industrialization and urbanization in emerging economies like China and India. South America and MEA represent emerging markets with untapped potential, offering opportunities for market expansion. These regional insights are crucial for businesses to tailor their strategies and capitalize on growth opportunities in specific geographies.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Flange Market Key Players And Competitive Insights

Major players in Flange Market industry are continuously investing in research and development to enhance their product offerings and gain a competitive edge. Leading Flange Market players are focusing on developing advanced materials, innovative designs, and specialized coatings to meet the evolving demands of various end-use industries. Strategic partnerships, mergers, and acquisitions are also common in the Flange Market Competitive Landscape, as companies seek to expand their market presence and gain access to new technologies and markets.One of the leading companies in the Flange Market is FMC Technologies. With a strong focus on innovation and customer satisfaction, FMC Technologies has established itself as a trusted provider of high-quality flanges for a wide range of applications. The company's commitment to delivering reliable and cost-effective solutions has earned it a strong reputation in the industry. FMC Technologies' extensive product portfolio includes a variety of flange types, materials, and sizes, catering to the diverse requirements of various industries.A major competitor in the Flange Market is Flowserve Corporation. Known for its engineering expertise and presence, Flowserve Corporation offers a comprehensive range of flanges for various applications in the oil and gas, power generation, and chemical processing industries. The company's focus on providing customized solutions tailored to specific customer needs has helped it gain a significant market share. Flowserve Corporation's strong distribution network and technical support capabilities further enhance its competitive position in the market.

Key Companies in the Flange Market Include

• TMK


• Outokumpu Oyj


• Severstal PJSC


• Vallourec SA


• Thyssenkrupp AG


• Nippon Steel Corp.


• ArcelorMittal


• Tenaris SA


• POSCO


• Salzgitter AG


• JFE Holdings, Inc.


• Hyundai Steel Co., Ltd.


• Schmolz + Bickenbach AG


• Baosteel Group Corp.


• China Baowu Steel Group Corp., Ltd.

Flange Market Industry Developments

The Flange Market is expected to witness steady growth over the forecast period, driven by increasing demand from various end-use industries such as oil and gas, power generation, and petrochemicals. The rising adoption of flanged connections in piping systems for efficient and reliable fluid transfer is a key growth factor. Technological advancements and the development of new flange designs with improved performance characteristics are also expected to contribute to market growth. The market is expected to witness notable growth in developing economies, where infrastructure development and industrialization are driving demand for flanges.Recent news developments in the Flange Market include strategic partnerships, acquisitions, and new product launches. For instance, in 2023, the acquisition of Nowsco Well Service by DistributionNOW further strengthened the latter's position in the oil and gas industry and expanded its product portfolio to include flanges. Additionally, companies such as Flowserve Corporation and McJunkin Corporation have invested in expanding their manufacturing capabilities to meet the growing demand for flanges.

Flange Market Segmentation Insights 

Flange Market Material Outlook

• Stainless Steel


• Carbon Steel


• Alloy Steel


• Copper Alloys


• Nickel-Based Alloys

Flange Market Type Outlook

• Weld Neck Flanges


• Slip-On Flanges


• Lap Joint Flanges


• Threaded Flanges


• Socket Weld Flanges


• Blind Flanges

Flange Market Pressure Rating Outlook

• Class 150


• Class 300


• Class 600


• Class 900


• Class 1500


• Class 2500

Flange Market Flange Face Outlook

• Raised Face


• Flat Face


• Ring-Joint Face


• Male and Female Face

Flange Market Industry Outlook

• Oil and Gas


• Chemical Processing


• Power Generation


• Pharmaceuticals


• Water Treatment

Flange Market Regional Outlook

• North America


• Europe


• South America


• Asia Pacific


• Middle East and Africa