Flange Nut Market Size, Share, Growth, and Industry Analysis by Type (Flat, Serrated and Other Types), By Application (Traffic, Electric power, Communication, Manufacturing and Others), Regional Insights, and Forecast To 2031

Updated On: 08 April 2024

Flange Nut Market REPORT OVERVIEW

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The global flange nut market size was USD 882.1 million in 2021 and market is projected to touch USD 1211.87 million by 2031, exhibiting a CAGR of 3.2% during the forecast period.

A nut with a large flange at one end that serves as an integrated, non-spinning washer is known as a flange nut. This helps to evenly distribute the nut's pressure over the object being fastened, decreasing the possibility of object damage and the object releasing due to an uneven attaching surface. The nuts provide one of the most distinctive shapes among the various sizes and shapes of bolts and nuts. An ordinary flange has two sides in the nut, one of which is shaped like a hexagon and the other like a circle. They get their name from the circular shape's resemblance to a flange. Although they are common, only few people are familiar with them. The distribution of load pressure caused by the shape of the nuts is the key factor in their popularity.

Sometimes, the nuts come with a swivel flange that aids in building a more stable structure without having an impact on the end product like a serrated nut. Wood and plastic are frequently joined together with swivel flange nuts. Serrations on the flange might create a locking effect. The serrations of a serrated flange aid in preserving the nut's holding force by preventing the fastener from being moved by the nut's vibration. Inside a dish-out washer with a unique shape, a flange nut is employed. The device is largely used in the aerospace industry.

COVID-19 Impact: Indefinite Industrial Functioning Due to Disturbed Production and Supply

The pandemic-induced lockdown that was implemented in several locations had a brief impact on the flange nut supply chain and production cycle. Due to lockdown, industrial standby, and transportation restrictions, the breakout had a slow-moving and diminishing impact on countries and their enterprises all across the world. A significant drop in market share for a flange nut was caused by fewer production activities, a more constrained supply chain, a lower percentage of workers who were available, and the temporary closures.

LATEST TRENDS

"Rapid Increase in Infrastructure Development Projects to Stimulate the Market"

The worldwide expansion in the number of infrastructure construction projects has given the nut producers and distributors a wealth of options. The use of a flange for your gear fastening with nut and has other numerous benefits. In addition to being rotationally resistant, the nuts are frequently flexible, reusable, and extremely durable. The flange nut market is expected to develop at the fastest rate in Asia Pacific. The market is anticipated to be led by nations like China, India, Malaysia, and Indonesia during the forecast period.

Flange Nut Market SEGMENTATION

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• By Type

Based on type; the flange nut market is divided into flat, serrated and others.

Flat is the leading part of the type segment.

• By Application

Based on the application; the market is divided into traffic, electric power, communication, manufacturing and others.

Traffic is the leading part of the application segment.

DRIVING FACTORS

"The Wide Utilization in the Electronics to Boost the Product Demand"

A flange nut can be created from a variety of metals and used with a wide range of bolt types. Because they are simpler to adjust and remove, the nuts are frequently used to bolt electrical or mechanical components. You may install your circuit boards, sensors, and mechanical mountings using these bolts. The wide, uneven-surfaced flange on one end removes the need for additional washers to keep the nut firmly fastened. Additionally, they permit the free portions to move without restriction. Both metric and imperial sizes are offered. The thread pitch and nut diameter are both indicated in millimeters for the metric sizes.

"Rising Demand from Automobile and Aerospace Industries to Flourish the Market"

The aerospace and automotive industries are where the nuts are most frequently used. In the process of assembling all different kinds of vehicles, these nuts are used. Their primary purposes are locking and pivoting. Additionally, the manufacture of helicopters, planes, and other vehicles utilizes the equipment. Inside a dish-out washer with a unique shape, a flange is employed. This gadget is extensively used in the aerospace sector. During the forecast period, this is anticipated to propel the flange nut market growth.

RESTRAINING FACTORS

"The Products Corrosive Property Can Impede the Market Growth"

To create a tight fit, the flange nut locking fastener type uses displacement or distortion. That deformation can raise the threat of corrosion when utilised with a painted or coated mating surface. However, the corrosive property can hamper and restrain the flange nut market share.

Flange Nut Market REGIONAL INSIGHTS

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"Asia Pacific Region to Lead the Market with Major Industrial Players "

Due to extensive large-scale development operations that generate the demand for certified nut and bolt equipment, the Asia Pacific region is anticipated to hold the majority of the market share during the forecast period. The budding and prominent market players, which together account for a major market share, are from China. With approximately half of the flange nut market share, the Asia Pacific region is estimated to be the largest market in the forecasted period.

KEY INDUSTRY PLAYERS

"Prominent Industry Players in the Industry to Promote Market Expansion"

The market's expansion was significantly impacted by the techniques employed by market participants in recent years, such as extensions. The report covers details and information about the firms and their interactions with the market. The data is gathered and published through appropriate research, technological advancements, expansions, and expanding machinery and equipment. Other considerations taken into account for this market are the businesses that develop and provide new products, the geographic areas in which they function, mechanization, innovation strategies, generating the maximum revenue, and using their products to make a significant difference.

List of Market Players Profiled

• STANLEY Engineered Fastening (U.S.A)
• FULLER (Mexico)
• Locknut Technology (U.S.A)
• Ramco Specialties (U.S.A)
• Wilhelm Böllhoff GmbH und Co. KG (Germany)
• Jergens Inc. (U.S.A)
• Jeng Bright International Corporation (China)
• TE-CO (U.S.A.)
• K.M Steel (India)
• Jignesh Steel (India)
• Youbang (China)
• SHANGHAI QIANGYI FASTENER (China)
• Dongrenying (China)
• Shenzhen Huayuan Precision Products (China)
• Xinwangai (China)
• Wenzhou City Longwan Hongda Fastener (China)
• Jiuliang Fastener Manufacturing (China)
• Haiyan Brother United Fastener (china)
• Dongtai Warwick Standard Parts (China)
• Ray Fu/Chen Nan (China)
• Ruian Weifu Standard Parts (China)
• Zhejiang Zhenglian Industrial Development (China)

REPORT COVERAGE

This report covers a comprehensive backdrop analysis, an assessment of the parent market, intensive study in the market dynamics. Past historical, current, and projected size of the market from the point of both value and volume. Researching of recent industry developments, deep study on market shares and strategies of major players and the emerging niche segments and regional market areas are covered in the report.