250 Pages Flanges Market Survey by Fact MR, A Leading Business and Competitive Intelligence Provider
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The report offers actionable and valuable market insights of Flanges. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Flanges Market across various industries and regions.
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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Flanges market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Flanges
This newly published and insightful report sheds light on Market Insights of Flanges, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Flanges Market.
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Global Flanges Market: In-Depth Assessment on Key Segments
The global flanges market is segmented on the basis of type, material, end use industry and region.
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Manufacturers to Target Design Efficiency and After Sales Support
The global flanges market is moderately fragmented with the presence of several small and large-scale firms. The market is characterized by intense competition between the participants within the international and regional industry fronts. Industry players are focusing primarily on efficiently designed flanges for several industries.
Top tier participants are also providing efficient after sales customer support services to consumers. Key players such as General Flange & Forge LLC, Outokumpu Armetal Stainless Pipe Co Ltd and Pro-Flange Limited have acquired top shares in the global flanges market.
Other competitors are focusing on the production of client specific flanges for various vertical industries. Moreover, emerging competitors in the market are concentrated primarily in Asian countries followed by North America.
Key Takeaways of Flanges Market:
- Global power generation increased by over 3% in 2018, led by strong renewable energy growth. In addition, hydroelectricity and solar energy are the two main drivers behind the steady growth of the flanges market.
- The stainless steel segment acquired a share of over 40% of all the manufacturing content on the flanges market due to its ability to provide high corrosion resistance, extreme temperatures and ease of manufacture
- Welded neck flanges will hold a significant share of over 50% during the forecast period. Welded neck flanges are identified as long-tapered hubs, which can typically be used in any pipe / fitting, accentuating its demand.
- The petrochemicals segment holds a prominent share of over 35% within the global flanges market in 2018. Flanges are used to allow the movement of liquids in upstream pipelines, refineries and in oil extraction processes
- Driven by the region’s numerous developing countries, Asia Pacific has emerged as the largest flanges market in 2018 with over 1/3rd market share
“The market for automotive flanges is expected to gather momentum in the near future and is projected to generate high revenue sales over the forecast period. The key factors behind the growing sales of automotive flanges are facilitated cleaning and reducing maintenance costs” says the Fact.MR analyst
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More Valuable Insights on Flanges Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Flanges, Sales and Demand of Flanges, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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