Overview and Scope
The lined valves market consists of sales of full port lined ball valves, reduced port lined ball valves, and lined diaphragm valves. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Sizing and Forecast
The lined valve market size has grown strongly in recent years. It will grow from $3.10 billion in 2023 to $3.26 billion in 2024 at a compound annual growth rate (CAGR) of 5%. The growth in the historic period can be attributed to increasing demand from chemical processing industries, rise in environmental regulations promoting safer valve technologies, growth in water treatment infrastructure projects, rise in the use of lined valves in mining operations, increasing focus on corrosion-resistant materials.
The lined valve market size is expected to see strong growth in the next few years. It will grow to $3.99 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to increasing investments in water treatment infrastructure, rising demand for lined valves in oil and gas applications, growth of pharmaceutical and biotechnology industries, increasing focus on energy efficiency in manufacturing, rising demand for specialty chemical production, rising exploration activities in mining and minerals sectors. Major trends in the forecast period include adoption of smart valve technologies, development of eco-friendly lined valve solutions, integration of internet of things (IoT) for remote valve monitoring and maintenance, advancement in valve sealing technologies, growing focus on automation technology.
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Segmentation & Regional Insights
The lined valve market covered in this report is segmented –
1) By Type: Ball Valve, Butterfly Valve, Plug Valve, Globe Valve, Gate Valve, Other Types
2) By Material: Polytetrafluoroethylene (PTFE), Perfluoroalkoxy (PFA), Modified Polytetrafluoroethylene (TFM), Polychlorotrifluoroethylene (PCTFE), Other Materials
3) By Industry: Chemical, Petrochemical, Pharmaceuticals, Food And Beverages, Pulp And Paper, Other Industries
Asia-Pacific was the largest region in the lined valve market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the lined valve market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The expansion of the oil and gas sector is expected to propel the growth of the lined valve market going forward. The oil and gas sector is an industry that involves the exploration, extraction, refining, transportation, and marketing of petroleum products. The global energy demand continues to rise, driven by population growth and economic development that stimulate the growth of the oil and gas sector. Lined valves support the expansion of the oil and gas industry by ensuring efficient and reliable flow control, reducing maintenance costs, and enhancing operational safety. For instance, in April 2024, according to the US Energy Information Administration (EIA), a US-based government agency, China imported 11.3 million barrels of crude oil per day in 2023, reflecting a 10% increase compared to 2022. Therefore, the expansion of the oil and gas sector is driving the growth of the lined valve market.
Key Industry Players
Major companies operating in the lined valve market are Honeywell International Inc., Schlumberger NV, Emerson Electric Co., Pentair plc, Flowserve Corporation, Entegris Inc., KSB SE & Co. KGaA, Crane Company, KITZ Corporation, samsoncontrols.net, Bürkert Fluid Control Systems, Bray International, DeZURIK, Mueller Co. LLC, AZ Armaturen, FluoroSeal Group, InterApp AG, Bueno Technology Co. Ltd., ChemValve Schmid AG, EBRO Armaturen Gebr, Sigma Polymers Engineering Company
The lined valve market report table of contents includes:
1. Executive Summary
2. Lined Valve Market Characteristics
3. Lined Valve Market Trends And Strategies
4. Lined Valve Market – Macro Economic Scenario
5. Global Lined Valve Market Size and Growth
………………..
32. Global Lined Valve Market Competitive Benchmarking
33. Global Lined Valve Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Lined Valve Market
35. Lined Valve Market Future Outlook and Potential Analysis
36. Appendix
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