Product Code: ETC360324 | Publication Date: Aug 2023 | Updated Date: Apr 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The India Flanges Market is projected to witness mixed growth rate patterns during 2025 to 2029. Growth accelerates to 13.96% in 2027, following an initial rate of 13.27%, before easing to 12.86% at the end of the period.
The India flanges market is estimated to grow at a CAGR of 12.56% during the forecast period, reaching USD 616.4 million. The rising demand for flange products across various industries such as chemical and petrochemical, power generation, oil & gas, among others is driving the growth of the India flanges market. Furthermore, increasing investments in infrastructure development such as smart cities initiatives are propelling the growth of this market. Additionally, government initiatives encouraging local manufacturing activities have been instrumental in bolstering the demand for locally manufactured products over imported ones has further propelled its growth potentials in certain regions within India.
The India flanges market is experiencing steady growth, driven by various key drivers. One of the primary drivers is the growth of industries that extensively use flanges in their operations. Flanges are integral components used in pipeline systems, including oil and gas, petrochemical, and water distribution industries. The expansion of infrastructure projects, refineries, and industrial facilities has boosted the demand for flanges in India. Additionally, the growth of the manufacturing sector and the need for efficient equipment connections have contributed to the popularity of flanges in various applications.
The India flanges market faces various challenges that impact its growth and competitiveness. One of the significant challenges is the presence of low-cost and imported flanges in the market. These imported flanges, especially from countries with lower production costs, can create pricing pressures on domestically manufactured flanges, affecting the profitability of local manufacturers.
The India flanges market faced challenges during the COVID-19 pandemic, primarily due to disruptions in the supply chain and reduced demand in certain sectors. The restrictions on movement and factory closures affected the availability of raw materials and components, impacting flange manufacturing. The decline in industrial and construction activities during the pandemic led to reduced demand for flanges in sectors such as oil and gas, petrochemicals, and infrastructure development. Moreover, the uncertainty in economic conditions and reduced capital expenditure by businesses affected the demand for industrial components like flanges. However, the market showed resilience as restrictions eased and economic activities resumed. The government`s push for infrastructure development and the revival of industrial activities post-pandemic are expected to drive the demand for flanges. Manufacturers are focusing on optimizing production processes and diversifying product offerings to cater to a wider range of applications and industries in the recovering market.
In the India flanges market, several key players are driving product innovation and market growth. Companies such as L&T Valves Limited, Man Industries (India) Limited, and Chandan Steel Limited are among the prominent manufacturers of flanges in India. These companies offer a wide range of flanges catering to various industries, including oil and gas, petrochemicals, and infrastructure. Their emphasis on product quality, adherence to international standards, and customer-centric solutions have enabled them to gain a strong foothold in the market. Additionally, global players like Metline Industries and Sandvik Asia Pvt. Ltd. have a significant presence in the India flanges market, contributing to healthy competition and technological advancements.