Chinese Tongue and Groove Weld Neck Flange Market Size Expected to Expand Continuously

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Chinese Tongue and Groove Weld Neck Flange Market Size Expected to Expand Continuously

According to the calculation report of Qianzhan Industry Research Institute, from 2025 to 2030, the Chinese tongue and groove weld neck flange market will maintain a steady expansion at a 9.2% compound annual growth rate (CAGR). It is estimated that the market size will exceed 22 billion yuan by 2025 and is expected to reach approximately 34 billion yuan by 2030.

The growth is mainly driven by the following factors:

The Chinese government is accelerating the construction of oil and gas reserve and transportation capacity;

High-performance sealed connectors have been listed as a key breakthrough area;

The process of replacing imported high-end flanges with domestic products is accelerating.