Global Carbon Steel Flanges Market Size was $366.97 Million in 2023

Global Market Overview

According to Global Market Monitor, the global carbon steel flanges market size was $366.97 million in 2023 with a CAGR of 4.93% from 2023 to 2029. Europe is the largest carbon steel flanges market with a market share of 23.31% in 2023.

Flanges are external or internal ridges or edges used for iron beams such as I-beams or T-beams, or for connecting to the ends of another object such as pipes, cylinders, etc. They can also be used on camera lens mounts railcars and tram wheels. The food Industry segment occupied the biggest share in 2023.

Carbon Steel Flanges Application Fields

Flanges have a specific purpose in cameras and other electronic devices. Though flanges in such items do not usually have to sustain high pressures, they do have to hold tight so they can keep out harmful particles. These flanges are usually found connecting two different materials, such as the glass of a lens and the rest of the body of the camera. The Carbon Steel Flanges market 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 emphasized the deployment of flanges in pipelines. Since these flanges can be easily assembled and disassembled, they help in effortless cleaning & maintenance to ensure a constant flow of liquids and enable the protection of the marine environment. With escalating power generation activities, the global Carbon Steel Flanges market has been striving towards an increasing growth trend for the past few years. Global power generation continues to grow driven by strong expansion in renewable energy. Furthermore, hydroelectricity and solar energy are the two main drivers behind the constant growth of the power generation industry. Global hydel power generation has escalated to a larger extent than the previous years. Most of this growth is underpinned by increasing government support.

By Type	Blind Flange
	Weld Neck Flange
	Slip-On Flange
	Socket Weld Flange
	Others
	The weld neck flange segment accounted for the largest share.
By Application	Petrochemical Industry
	Pharmaceutical Industry
	Food Industry
	Aviation and Aerospace Industry
	Architectural Decoration Industry
	Oil and Gas Industry
	The food industry segment occupied the biggest share.