According to Cognitive Market Research, the global Spectacle Flanges market size is USD 102541.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 25.20% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 41016.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 23.4% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 30762.36 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 23584.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 27.2% from 2024 to 2031.
Latin America had a market share for more than 5% of the global revenue with a market size of USD 5127.06 million in 2024 and will grow at a compound annual growth rate (CAGR) of 24.6% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 2050.82 million in 2024 and will grow at a compound annual growth rate (CAGR) of 24.9% from 2024 to 2031.
The chemical processing industry is predicted to be the most rapidly developing market for spectacle flanges.
