Market Overview:
The global lap joint flanges market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for lap joint flanges in various end-use industries, such as petrochemical, power generation, wastewater management, chemical industry and automobile industry. In addition, the growing infrastructure development in emerging economies is also propelling the growth of the global lap joint flanges market. Based on type, stainless steel was the largest segment of the global lap joint flanges market in 2017 and is projected to grow at a CAGR of 5.8% during 2018-2030. This can be attributed to its properties such as corrosion resistance and high strength-to-weight ratio which make it suitable for use in various end-use industries.
Product Definition:
Lap joint flanges are similar to slip-on flanges, but have a lap joint section on the bore that allows two flanges to be joined together. This style of flange is often used in conjunction with a weld neck or socket weld fitting, which provides a smooth transition between the pipe and the flange. Lap joint flanges are commonly used in high-pressure applications where it is important to keep the stress on the pipe as low as possible.
Stainless Steel:
Stainless steel is a type of alloy which consists of iron, chromium, nickel and other metals. It has various beneficial properties such as corrosion resistance, high strength and ductility. The cost associated with stainless steel is higher than regular carbon steel but it has characteristics that make it more valuable in the long run.
Alloy Steel:
Alloy steel is a material that consists of two or more metals, which are combined to form an alloy. The most common alloys include aluminum and iron-silicone alloys. The product is used in various industries including automotive, construction machinery, oil & gas equipment and energy industry among others.
Application Insights:
The global lap joint flanges market has been segmented on the basis of application into the automobile industry, chemical industry, power generation, wastewater management and others. The automotive sector was estimated to be the largest application segment in 2017. It is also expected to be one of the fastest-growing segments over the forecast period owing to increasing production levels across various countries worldwide.
In terms of volume as well as revenue growth rate for this application segment from 2018 to 2030 it is anticipated that power generation would witness a higher pace than other applications including automobiles and chemicals among others. This can be attributed due to factors such as growing demand for electricity along with rising concerns regarding environmental pollution caused due to untreated or inadequately treated industrial waste water effluents in several regions globally including Asia Pacific and North America are likely drive demand globally over next eight years or so.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising construction activities, especially in developing countries such as India and China. In addition, increasing demand for water resources management projects by governments of various countries including China and India are likely to boost industry expansion over the coming years.
The growing chemical industry mainly due to rapid urbanization coupled with government initiatives such as Make in India policy is projected to drive product demand across Asia Pacific region. Furthermore, increasing investments from foreign players for expanding their manufacturing facilities due to availability of low-cost raw materials will further propel market growth during the forecast period.
In North America, U S was one of the largest consumers owing high production volume along with stainless steel products being used widely across end-use industries such as oil & gas sector.
Growth Factors:
- Increasing demand from the oil and gas industry
- Growing infrastructure development in Asia Pacific and Latin America
- Rising adoption of lap joint flanges in chemical processing industries
- Technological advancements in manufacturing processes of lap joint flanges
- Growing demand for lightweight and high-strength lap joint flanges
Scope Of The Report
Report Attributes
Report Details
Report Title
Lap Joint Flanges Market Research Report
By Type
Stainless Steel, Alloy Steel, Nickel Alloy, Carbon Steel, Others
By Application
Petrochemical, Power Generation, Wastewater Management, Chemical Industry, Automobile Industry, Others
By Companies
Jignesh Steel, Outokumpu Armetal Stainless Pipe Co Ltd (OASP), Pro-Flange Limited, Coastal Flange, Mass Global Group, Rajendra Industrial Corporation, Suraj Limited, Kerkau Manufacturing, General Flange & Forge LLC, Texas Flange, Viraj Profiles Ltd, Sandvik Materials Technology, Flanschenwerk Bebitz Gmbh, Metalfar, AFGlobal
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Lap Joint Flanges Market Report Segments:
The global Lap Joint Flanges market is segmented on the basis of:
Types
Stainless Steel, Alloy Steel, Nickel Alloy, Carbon Steel, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Petrochemical, Power Generation, Wastewater Management, Chemical Industry, Automobile Industry, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Jignesh Steel
- Outokumpu Armetal Stainless Pipe Co Ltd (OASP)
- Pro-Flange Limited
- Coastal Flange
- Mass Global Group
- Rajendra Industrial Corporation
- Suraj Limited
- Kerkau Manufacturing
- General Flange & Forge LLC
- Texas Flange
- Viraj Profiles Ltd
- Sandvik Materials Technology
- Flanschenwerk Bebitz Gmbh
- Metalfar
- AFGlobal
Highlights of The Lap Joint Flanges Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Stainless Steel
- Alloy Steel
- Nickel Alloy
- Carbon Steel
- Others
- By Application:
- Petrochemical
- Power Generation
- Wastewater Management
- Chemical Industry
- Automobile Industry
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Lap Joint Flanges Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Lap joint flanges are a type of metal fitting used to connect two pieces of metal. They are also known as lap joints, and they have a U-shaped cross-section.
Some of the major companies in the lap joint flanges market are Jignesh Steel, Outokumpu Armetal Stainless Pipe Co Ltd (OASP), Pro-Flange Limited, Coastal Flange, Mass Global Group, Rajendra Industrial Corporation, Suraj Limited, Kerkau Manufacturing, General Flange & Forge LLC, Texas Flange, Viraj Profiles Ltd, Sandvik Materials Technology, Flanschenwerk Bebitz Gmbh, Metalfar, AFGlobal.
The lap joint flanges market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Lap Joint Flanges Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Lap Joint Flanges Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Lap Joint Flanges Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Lap Joint Flanges Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Lap Joint Flanges Market Size & Forecast, 2018-2028
4.5.1 Lap Joint Flanges Market Size and Y-o-Y Growth
4.5.2 Lap Joint Flanges Market Absolute $ Opportunity
Chapter 5 Global Lap Joint Flanges Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Lap Joint Flanges Market Size Forecast by Type
5.2.1 Stainless Steel
5.2.2 Alloy Steel
5.2.3 Nickel Alloy
5.2.4 Carbon Steel
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Lap Joint Flanges Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Lap Joint Flanges Market Size Forecast by Applications
6.2.1 Petrochemical
6.2.2 Power Generation
6.2.3 Wastewater Management
6.2.4 Chemical Industry
6.2.5 Automobile Industry
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Lap Joint Flanges Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Lap Joint Flanges Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Lap Joint Flanges Analysis and Forecast
9.1 Introduction
9.2 North America Lap Joint Flanges Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Lap Joint Flanges Market Size Forecast by Type
9.6.1 Stainless Steel
9.6.2 Alloy Steel
9.6.3 Nickel Alloy
9.6.4 Carbon Steel
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Lap Joint Flanges Market Size Forecast by Applications
9.10.1 Petrochemical
9.10.2 Power Generation
9.10.3 Wastewater Management
9.10.4 Chemical Industry
9.10.5 Automobile Industry
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Lap Joint Flanges Analysis and Forecast
10.1 Introduction
10.2 Europe Lap Joint Flanges Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Lap Joint Flanges Market Size Forecast by Type
10.6.1 Stainless Steel
10.6.2 Alloy Steel
10.6.3 Nickel Alloy
10.6.4 Carbon Steel
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Lap Joint Flanges Market Size Forecast by Applications
10.10.1 Petrochemical
10.10.2 Power Generation
10.10.3 Wastewater Management
10.10.4 Chemical Industry
10.10.5 Automobile Industry
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Lap Joint Flanges Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Lap Joint Flanges Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Lap Joint Flanges Market Size Forecast by Type
11.6.1 Stainless Steel
11.6.2 Alloy Steel
11.6.3 Nickel Alloy
11.6.4 Carbon Steel
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Lap Joint Flanges Market Size Forecast by Applications
11.10.1 Petrochemical
11.10.2 Power Generation
11.10.3 Wastewater Management
11.10.4 Chemical Industry
11.10.5 Automobile Industry
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Lap Joint Flanges Analysis and Forecast
12.1 Introduction
12.2 Latin America Lap Joint Flanges Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Lap Joint Flanges Market Size Forecast by Type
12.6.1 Stainless Steel
12.6.2 Alloy Steel
12.6.3 Nickel Alloy
12.6.4 Carbon Steel
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Lap Joint Flanges Market Size Forecast by Applications
12.10.1 Petrochemical
12.10.2 Power Generation
12.10.3 Wastewater Management
12.10.4 Chemical Industry
12.10.5 Automobile Industry
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Lap Joint Flanges Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Lap Joint Flanges Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Lap Joint Flanges Market Size Forecast by Type
13.6.1 Stainless Steel
13.6.2 Alloy Steel
13.6.3 Nickel Alloy
13.6.4 Carbon Steel
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Lap Joint Flanges Market Size Forecast by Applications
13.10.1 Petrochemical
13.10.2 Power Generation
13.10.3 Wastewater Management
13.10.4 Chemical Industry
13.10.5 Automobile Industry
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Lap Joint Flanges Market: Competitive Dashboard
14.2 Global Lap Joint Flanges Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Jignesh Steel
14.3.2 Outokumpu Armetal Stainless Pipe Co Ltd (OASP)
14.3.3 Pro-Flange Limited
14.3.4 Coastal Flange
14.3.5 Mass Global Group
14.3.6 Rajendra Industrial Corporation
14.3.7 Suraj Limited
14.3.8 Kerkau Manufacturing
14.3.9 General Flange & Forge LLC
14.3.10 Texas Flange
14.3.11 Viraj Profiles Ltd
14.3.12 Sandvik Materials Technology
14.3.13 Flanschenwerk Bebitz Gmbh
14.3.14 Metalfar
14.3.15 AFGlobal
