The lined valve market is expected to be valued at USD 3.4 Billion by 2024. The market valuation is registered to be USD 5.1 Billion by 2034, projected at a CAGR of 4.1%.
The growth in the need for corrosion-resistant valves in sectors like water treatment, chemical processing, and oil and gas extraction is a major motivator. Lined valves for industrial facilities have a protracted lifespan with lower maintenance costs due to their better tolerance for corrosive substances, achieved through coatings such as rubber or PTFE.
Strict environmental rules requiring the use of eco-friendly materials in industrial processes also inflame the need for lined valves. Such valves help businesses ensure legal requirements while preserving operational effectiveness.
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Threats and difficulties for the lined valve market are also lined up. The price volatility of raw materials, mainly for commodities like rubber and PTFE, is a serious danger. The cost of materials fluctuates, affecting the prices of lined valves and reducing the profit margins of the manufacturers.
The lined valve market offers a significant market opportunity presented by the rise in the usage of lined valves in emerging economies, where industrial infrastructure construction is intensifying. With developments in valve design and manufacturing techniques, manufacturers innovate and create high-performance lined valves with improvised characteristics that meet certain industrial requirements.
Key Takeaways from the Market Study:
- Under type, the ball valve segment is registered to expand at 4% CAGR by 2034.
- The United Kingdom is estimated to register at a CAGR of 8% by 2034.
- Japan experiences significant growth, projected at a CAGR of 5% by 2034.
- Based on material, the polytetrafluoroethylene (PTFE) segment is registered to rise at 8% CAGR by 2034.
“The accelerating demand for corrosion-resistant solutions across industries is one significant driver for the lined valve market,” – opines Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).
Competitive Landscape:
Important companies offer various lined valve products and tend to lead the lined valve industry. Because of the cutthroat competition, businesses prioritize product innovation and quality to hold onto market share.
Regional firms, hence, add to the competitive environment by serving specialized markets and particular client needs. Some of the key developments are:
- In July 2022, Valworx introduced a new series of all stainless air-actuated sanitary butterfly valves. The valves were equipped with Tri-Clamp ends and meet USDA, FDA, and 3-A standards, making them suitable for pharmaceuticals, food, beverage, etc.
- In July 2022, Valmet launched Neles Q-Disc, enhancing its butterfly valve range. The innovation assisted its flow balancing in control valve applications, preventing the need for oversized actuators.
Key Manufacturers of Lined Valves:
- Emerson
- Flowserve Corporation
- Crane Co
- Neles
- KITZ Corporation
- Entegris
- Samson
- Bray International
- ChemValve-Schmid AG
- EBRO ARMATUREN Gebr
- Bröer GmbH
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Lined Valve Market Segmentation Analysis:
By Type:
- Ball Valve
- Butterfly Valve
- Plug Valve
- Globe Valve
- Gate Valve
- Others
By Material:
- Polytetrafluoroethylene (PTFE)
- Perfluoroalkoxy (PFA)
- Modified Polytetrafluoroethylene (TFM)
- Polychlorotrifluoroethylene (PCTFE)
- Others
By Industry:
- Chemical
- Petrochemical
- Pharmaceuticals
- Food & Beverages
- Pulp & Paper
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- Middle East and Africa
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