Global Flange Nut Market - Introduction
A flange nut is a type of fastener that has a wide flange at one end which acts as an integrated washer. It is used like a bolt for the purpose of tightening different components. Flange nuts are fabricated with various materials such as stainless steel, alloy steel, mild steel, zinc, and brass. Flange nuts are mostly hexagonal in shape and are made of steel and usually have a zinc coating on top.
Global Flange Nut Market - Competition Landscape
STANLEY Engineered Fastening
STANLEY Engineered Fastening was incorporated in the year 1912. This company is headquartered in Connecticut, the U.S. The company designs, develops, manufactures, and distributes fastening and assembly products across the world. STANLEY Engineered Fastening has a wide range of distributors and retailers worldwide.
Norwood Screw Machine Parts
Norwood is a privately owned custom screw machine parts manufacturer. The company was incorporated in the year 2003. Its line of business includes manufacturing screw machine products. It offers a wide range of fasteners which includes bolts, bushings, couplings, fittings, nuts, and inserts.
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Canmec Ltd. was incorporated in 1994. The company is headquartered in Staffordshire, U.K. Canmec Ltd. is a manufacturer and supplier of fastening products for industries such as oil & gas, petrochemicals, power generation, and construction. It offers a wide range of fasteners through a network of authorized distributors and retailers across the U.K. and also exports its products worldwide.
Some of the other key players operating in the global flange nut market include AMC (UK) Fasteners Ltd, KVT-Fastening, and Locknut Technology Inc. etc.
Global Flange Nut Market - Dynamics
Rapid increase in infrastructure development projects
Rapid increase in the number of infrastructure development projects across the globe has created immense opportunities for manufacturers and distributors of flange nuts. Asia Pacific is anticipated to be the fastest growing region for the flange nuts market. Countries such as China, India, Malaysia, and Indonesia are projected to drive the flange nuts market during the forecast period.
Rise in demand for flange nuts from automobile and aerospace industries
Flange nuts are most commonly used in the aerospace and automotive industry. These nuts are used in the assembly process for all types of vehicles. The major function of flange nuts is locking and pivoting. Flange nuts are also used in the manufacturing of airplanes, helicopters, etc. This is projected to drive the market during the forecast period.
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Global Flange Nut Market - Segmentation
The global flange nut market can be segmented based on:
- Distribution Channel
Global Flange Nut Market, by Type
Based on type, the flange nut market can be divided into:
- Flange Lock Nuts
- Serrated Flange Nuts
Global Flange Nut Market, by Application
In terms of application, the flange nut market can be segregated into:
- Oil & Gas
- Industrial Manufacturing
- Others (Ship Building, Power Plants etc.)
Global Flange Nut Market, by Distribution Channel
Based on distribution channel, the flange nut market can be divided into:
- Specialty Stores
- Hardware Stores
- E-commerce Websites
- Company-owned Websites
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