With the lined ball valves trend picking across the world, the global lined valve market is set to gain from this phenomenon. It is expected to jump from a value of USD 3.4 billion in 2024 to USD 5.1 billion by 2034, expanding at a CAGR of 4.1%.
| Attributes | Details |
|---|---|
| Lined Valve Market Value for 2024 | USD 3.4 billion |
| Lined Valve Market Value for 2034 | USD 5.1 billion |
| Lined Valve Market Forecast CAGR for 2024 to 2034 | 4.1% |
The global lined valve market players aim to focus more on inclusion and empowerment and help customers explore novel automation technologies. A key player has released the Fisher CS804 regulator with integral slam-shut, which helps minimize ownership costs by providing a long service life and easy maintenance.
The development of lined ball valve combination treatments presents an opportunity. Another key player mentioned RedRaven and its advancements in IoT conditions, which help monitor plant valve performance and proactively identify and address issues before they become failures.
Lined valves like these are suitable for both gaseous and liquid service and are used for phenolic-backed seats for superior sealing and long-term usage. It has a single-piece stem design that assures even torque distribution.
In 2019, the global lined valve market was estimated to reach a valuation of USD 2.4 billion, according to a report from Future Market Insights (FMI). The lined valve market witnessed significant growth, registering a CAGR of 7.9% during the historical period, 2019 to 2023.
| Historical CAGR | 7.9% |
|---|---|
| Forecast CAGR | 4.1% |
Resilient seat-lined valves became more popular as they provided superior sealing, needed less maintenance, and were less expensive to buy. Since electric and pneumatic systems operated them, such valves had fine control, quicker response times, and lower energy.
Growth in oil and gas investments created a significant demand for high-performance butterfly valves that resist challenging conditions. As awareness of valve selection and maintenance has grown, technologies for valve condition monitoring, aftermarket services, and bespoke solutions have proliferated.
The below section shows the leading segment. Based on type, the ball valve segment is registered to expand at a CAGR of 4% by 2034. Based on material, the polytetrafluoroethylene (PTFE) segment is anticipated to rise at 3.8% CAGR by 2034.
Ball valves propose tight sealing and high-pressure resistance and require minimal maintenance, making them the preferred choice for critical applications.
Usage of Polytetrafluoroethylene (PTFE), acts as a key driver due to its exceptional chemical resistance properties.
| Category | CAGR until 2034 |
|---|---|
| Ball Valve | 4% |
| Polytetrafluoroethylene (PTFE) | 3.8% |
The stem design of the lined ball valve has an anti-blowout function that enhances safety. The fact that each lined ball valve assimilates an anti-static mechanism further subsidizes its widespread usage in the chemical, petrochemical, and pharmaceutical industries, thus helping to guard against harmful electrostatic discharges.
Polytetrafluoroethylene (PTFE) offers better sealing, non-viscosity, and higher lubrication, which ensures high chemical resistance and better durability. PTFE lined valves are henceforth widely used in high-grade alloys majorly in corrosive applications in various industries such as pharmaceutical, chemical, petrochemical, pulp and paper, fertilizer, and metallurgical.
The table analyses the top five countries ranked by revenue, with South Korea holding the top position.
South Korea has a pivotal position due to its robust industrial infrastructure, technological innovation, and diverse manufacturing capabilities.
A strong presence in the petrochemicals, shipbuilding, and electronics industries drives significant demand in South Korea for high-quality lined valves to support its industrial operations.
Forecast CAGRs from 2024 to 2034
| Countries | CAGR |
|---|---|
| United States | 4.5% |
| United Kingdom | 4.8% |
| China | 4.4% |
| Japan | 5% |
| South Korea | 5.1% |
The lined valve market in the United States is extensive, with extensive usage across various industries such as oil and gas, chemical processing, and water treatment.
For example, Aquana announced the launch of the Actuator Valve Serial (AVS), a new remote cutoff valve part of the Water IoT platform. The valve was manufactured and designed to serve as a remote disconnect ball valve with an IP68 rating and can be integrated with any current Advanced Metering Infrastructure (AMI) platform.
Valves are also vital for efficiently handling corrosive fluids and chemicals while ensuring operational safety and reliability. Industries in the United States rely on lined valves for critical applications where corrosion resistance is paramount, driving significant demand for these products.
In the United Kingdom, the lined valve market serves pharmaceuticals, food and beverage, and water treatment industries. Lined valves are crucial for maintaining product quality and safety in pharmaceutical manufacturing processes, thus preventing contamination and ensuring compliance with regulatory standards.
For instance, maximum dependability and fugitive emissions compliance were provided by Flowserve's Atomac AKH3.2 fluoropolymer-lined, that helped in reducing port ball valve in critical service applications.
Lined valves are also utilized for hygienic processing in the food and beverage sector, while water treatment facilities rely on them for corrosion-resistant fluid control.
The diverse industrial landscape in China utilizes lined valves across sectors such as petrochemicals, power generation, and wastewater treatment. Lined valves are integral for handling corrosive chemicals and acids during refining and processing operations in petrochemical plants.
The valves control corrosive fluids and steam in boilers and cooling systems in power generation facilities. Wastewater treatment plants employ lined valves for corrosion-resistant fluid control in various treatment processes.
The lined valve market in Japan caters to semiconductor manufacturing, automotive, and electronics industries. Lined valves played a crucial role in semiconductor fabrication processes, where ultra-pure chemicals are used, requiring corrosion-resistant fluid handling equipment.
In the automotive industry, lined valves are used in paint booths and surface treatment facilities to handle corrosive coatings and chemicals. Electronics manufacturing facilities rely on lined valves for precision fluid control in cleanroom environments.
The industrial sector primarily utilizes lined valves in steel production, chemical manufacturing, and shipbuilding. Lined valves are essential for handling corrosive fluids and chemicals used in various processing stages in steel mills.
For example, Samshin valves specialize in manufacturing a wide range of valves, including lined valves, for various industrial applications. This company's products are well known for their quality, reliability, and adherence to international standards, making it a trusted supplier in the market.
Chemical plants rely on lined valves to safely and efficiently handle corrosive substances during production. Shipbuilding facilities utilize lined valves for seawater intake and discharge systems, where corrosion resistance is crucial for long-term performance.
The market players offer a wide range of lined valve products that cater to various industries globally. Regional players and niche manufacturers contribute to the competitiveness of the market by providing specialized solutions and addressing specific customer needs.
Intense competition accelerates the demand for innovation and quality improvement in lined valve technologies, ensuring customers have access to reliable and efficient fluid handling solutions across diverse industrial applications.
Key developments in the Lined Valve industry
| Attributes | Details |
|---|---|
| Estimated Market Size in 2024 | USD 3.4 billion |
| Projected Market Valuation in 2034 | USD 5.1 billion |
| Value-based CAGR 2024 to 2034 | 4.1% |
| Forecast Period | 2024 to 2034 |
| Historical Data Available for | 2019 to 2023 |
| Market Analysis | Value in USD billion |
| Key Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; The Middle East and Africa |
| Key Market Segments Covered | Type, Material, Industry, Region |
| Key Countries Profiled |
The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, Russia, Poland, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC countries, South Africa, Israel |
| Key Companies Profiled |
Emerson; Flowserve Corporation; Crane Co; Neles; KITZ Corporation; Entegris; Samson; Bray International; ChemValve-Schmid AG; EBRO ARMATUREN Gebr; Bröer GmbH |
As of 2024, the market for lined valves is expected to be valued at USD 3.4 billion.
The lined valve market is projected to expand at a CAGR of 4.1% between 2024 and 2034.
The ball valve segment is projected to dominate the industry.
By 2034, the market value of lined valve is expected to reach USD 5.1 billion.
South Korea is likely the top-performing market, with a CAGR of 5.1%.
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Lined Valve Market
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