Flange Fasteners Market Overview:
The Flange Fasteners market analysis provides a comprehensive picture of competition, including the market share and company profiles of the worldwide industry's top rivals. The research scope covers a complete analysis of the Flange Fasteners Market, as well as the causes for variances in the industry's growth in various places.
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Flange Fasteners Market was valued $3.24Bn in 2020 and is expected to reach $4.56Bn by 2027, at a CAGR of 5% during the forecast period.
To identify and collect material suitable for this study, this research study makes considerable use of secondary sources, directories, and databases, such as annual reports, press releases, journals, corporate websites, and databases.
The continued growth of EPC (Engineering, Procurement, and Construction) businesses across all significant regions and nations is one of the factors propelling the global flange fasteners market. The demand for fluid transportation through pipelines and the associated processes in various pieces of equipment is expected to grow significantly over the coming years, which will significantly increase industrial investment. For instance, MEA (Middle East and Africa) is anticipated to experience a significant increase in industrial infrastructure in the upcoming years. Additionally, with increased investments in pipeline infrastructure expansion in the region, Asia Pacific continues to be the largest market in terms of industrial activities, particularly those in the processing sectors. These growth factors are anticipated to produce a lucrative potential for the flange fasteners market in the near future.
With enormous revenue sales anticipated over the forecast period, the automotive flanges segment is anticipated to gain traction soon. The ease with which they can be cleaned and the decrease in maintenance costs are the primary drivers of the increasing sales of automotive flanges. In order to reduce the overall mass of the vehicle, major manufacturers are implementing new fabrication techniques and using novel materials to fabricate lightweight automotive flanges. Automotive composite lightweight flange demand is rising quickly. In the commercial market, a few of the materials used in the fabrication of automotive flanges include stainless steel, carbon steel, aluminium, alloys, cast iron, and composites.
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Key Players: The key players are
• Fastenal Company
• Wilhelm Bollhoff GmbH und Co. KG
• STANLEY Engineered Fastening
• Locknut Technology
• Jergens Inc.
• KMT Fasteners
• K.M Steel India
• Ramco Specialties
• Jeng Bright International Corporation
• Zhejiang Zhenglian Industrial Development
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Individual market influencing elements and changes in market legislation that affect current and future market trends are also included in the regional component of the Flange Fasteners market study. Current and future trends are examined to assess the entire market potential and uncover profitable trends to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.
COVID-19 Impact Analysis on Flange Fasteners Market: The report also includes a detailed analysis of COVID-19 on the Flange Fasteners market.
Key Questions Answered in the Flange Fasteners Market Report are:
- Which sub-segment had the largest share in the Flange Fasteners market?
- How is the competitive landscape of the Flange Fasteners market in 2020?
- Which are the key drivers impacting the Flange Fasteners market growth?
- Which region holds the maximum share in the Flange Fasteners market?
- What will be the CAGR of the Flange Fasteners market during the forecast period (2021-2027)?
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