Butterfly Valves Market Size, Share and Analysis by Type (Wafer, Lug), By Material Type (Stainless Steel Valves, Cast Iron Valves, Others), By End Use Industry (Oil & Gas, Water & Wastewater, Chemical, Power & Energy, Others), and Regional Forecast, 2025-2032

The global Butterfly Valves Market size was valued at USD 12.31 billion in 2024 and is projected to grow from USD 13.24 billion in 2025 to USD 22.01 billion by 2032, exhibiting a CAGR of 4.56% during the forecast period. This growth is supported by rising investments in process industries, expanding municipal water infrastructure, and sustained demand for durable, cost-effective flow control solutions across multiple sectors. Butterfly Valves are widely used due to their compact design, low torque operation, lightweight construction, and suitability for large-diameter pipelines.

The demand for global butterfly valves is anticipated to accelerate the market in the forecast period, owing to the increasing awareness for water consumption, surge in demand from various industry verticals mainly oil & gas, wastewater treatment, chemicals for monitoring and predictive maintenance drives the growth of the market.

Industrial expansion in oil and gas, power generation, desalination, and chemical processing drives adoption of both wafer-type and lug-type Butterfly Valves. Stainless Steel (SS), Cast Iron (CI), ductile iron, and alloy-based variants remain the primary materials used, selected according to corrosion resistance, temperature tolerance, and fluid characteristics. Increasing replacement of aging infrastructure supports significant aftermarket demand, especially in water and wastewater treatment systems.

In order to gain a competitive edge, market players are investing in research & development activities to enhance their product portfolio. For instance, in June 2018, Wouter Witzel EuroValve B.V. a Netherland based manufacturer of butterfly valves, launched a new series of butterfly valves called EV-i series in order to provide a lower operating torque. Similarly, these players are also opting for mergers and acquisitions, collaberating with local players in order to increase their market reach in the global market.

The market is further shaped by modernization of pipeline networks, stricter environmental compliance, and adoption of automated actuation systems that enable remote operations. Industries are transitioning toward valves with reduced fugitive emissions, longer service lifecycles, and lower maintenance requirements. Growing global investments in desalination, district cooling, and chemical manufacturing strengthen demand for reliable Butterfly Valves capable of handling diverse operating conditions.

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For instance, JAIN Irrigation Systems Ltd in Jalgon, India and TALIS management holdings GMBH in Rodgau, Germany jointly announce a global strategic cooperation in order to club TALIS products as part of JAIN product offerings and expands its portfolio reach. The strategic cooperation intended to offer intended irrigation and water infrastructure solutions worldwide. Similarly, Emerson announced to sign an agreement to purchase Virgo Valves and Controls, LTD in order to serve its customers in the energy and process related industries.

Market Drivers & Trends

Growth in the Butterfly Valves market is supported by expanding industrial infrastructure and heightened focus on efficient fluid control. Rapid urbanization and population growth continue to drive investments in water and wastewater treatment facilities worldwide. Municipal authorities and private operators rely heavily on wafer and lug Butterfly Valves for flow isolation, pump control, and pipeline maintenance due to their cost effectiveness and ease of installation.

Oil and gas remains a major driver. Upstream and midstream operators require robust valve systems to manage hydrocarbon transport, tank farms, refining operations, and fire-safe applications. Lightweight Butterfly Valves reduce pipeline load while maintaining strong performance in medium-pressure service. Increased investments in LNG terminals and petrochemical expansions further strengthen adoption of stainless steel and high-performance triple-offset valves.

Corrosion-resistant materials continue to gain traction across industries handling harsh fluids. Stainless Steel (SS), ductile iron, and alloy-based Butterfly Valves support processing of chemicals, brines, steam, and aggressive wastewater streams. Chemical and petrochemical plants increasingly demand valves capable of withstanding extreme temperatures and ensuring zero-leak performance.

Automated actuation is transforming the market. Pneumatic, electric, and hydraulic actuators allow precise remote control and integration with digital monitoring systems. Industrial users seek automated solutions to improve safety, reduce manual intervention, and optimize fluid regulation in complex systems. Valve automation is especially important in large-scale water treatment plants, power plants, and petrochemical facilities.

Another major trend is the expansion of desalination and district cooling networks in arid and high-temperature regions. These applications require corrosion-resistant Butterfly Valves with long operational lifespans. High-performance and triple-offset designs continue gaining favor as industries pursue durability, higher pressure ratings, and improved operational efficiency.

Market Segmentation By Type

Wafer-type Butterfly Valves

Wafer-type Butterfly Valves are the most widely installed configuration across industries due to their compact profile, lightweight construction, and cost efficiency. They fit between flanges without requiring bolting through the valve body. This simplifies installation in pipelines where space is limited or where frequent replacement is expected. Water distribution networks, HVAC systems, and general industrial piping rely heavily on wafer designs. Their low-pressure drop characteristics make them suitable for continuous fluid movement. Manufacturers offer wafer valves with epoxy coatings and improved elastomer seats to enhance corrosion resistance and support longer operational life in corrosive or abrasive conditions.

Lug-type Butterfly Valves

Lug-type Butterfly Valves incorporate threaded inserts on the valve body, allowing removal of downstream piping without shutting down the entire system. This feature makes lug valves ideal for applications requiring uninterrupted operations. Oil and gas facilities, chemical plants, and marine systems use lug valves extensively for isolation and maintenance flexibility. Lug designs provide better alignment and sealing in medium-pressure systems. Their robust mechanical structure makes them suitable for dead-end service at moderate pressure ratings, further widening their application range.

Double-flanged and High-performance Butterfly Valves

Double-flanged Butterfly Valves offer structural rigidity and are preferred for large-diameter pipelines where stability and secure installation are critical. Water treatment plants use them in pumping stations, reservoirs, and treatment chambers. High-performance and triple-offset Butterfly Valves represent a premium segment designed for demanding service conditions. Triple-offset valves eliminate contact between sealing surfaces until final closure, reducing friction, wear, and leakage. Industries such as petrochemicals, LNG, and power generation increasingly adopt these valves for critical flow control where reliability and safety are essential.

Market Segmentation By Material Type

Stainless Steel Valves (SS)

Stainless steel Butterfly Valves are vital in industries requiring corrosion resistance and sanitary operation. They are common in food and beverage, pharmaceuticals, and chemical processing. Grades such as SS 304 and SS 316 provide durability in handling corrosive chemicals, seawater, and high-temperature steam. Stainless steel also exhibits minimal contamination risk, making it ideal for hygienic applications. The rise in chemical production and offshore developments strengthens demand for stainless steel valves globally.

Cast Iron Valves (CI)

Cast Iron (CI) Butterfly Valves remain cost-effective for municipal water networks, HVAC systems, and low-pressure industrial service. CI provides structural stability and excellent wear resistance. Ductile iron represents an upgraded variant with enhanced tensile strength and shock resistance. Municipal operators prefer CI valves due to affordability and availability across a wide size range.

Market Segmentation By End Use Industry

Oil & Gas

Butterfly Valves serve vital roles in upstream, midstream, and downstream operations. Offshore rigs require corrosion-resistant valves to manage water injection, fire suppression, and hydrocarbon transfer. Midstream pipelines use large-diameter valves for isolation and emergency shutdown systems. Refineries deploy triple-offset valves for high-temperature cracking units, while LNG terminals require cryogenic-compatible designs. The sector’s emphasis on safety and operational continuity reinforces demand for high-performance valves.

Water & Wastewater Treatment

Municipal water plants depend heavily on Butterfly Valves for flow control between sedimentation tanks, filtration units, and distribution networks. Wastewater systems require valves able to handle sludge, chemicals, and abrasive media. The global focus on water reuse, desalination, and leak reduction accelerates adoption of durable CI, ductile iron, and stainless-steel valves. Infrastructure upgrades in developing regions create long-term growth opportunities.

Chemical & Petrochemical

Chemical plants rely on Butterfly Valves to handle acids, solvents, brines, and volatile fluids. Stainless steel and alloy-based valves dominate this segment due to corrosion resistance. Triple-offset valves support high-temperature polymer production, steam operations, and hazardous chemical processes. Precise flow control and robust sealing reduce operational risks and emissions.

Power & Energy

Butterfly Valves are integral to cooling water circuits, feedwater systems, and steam regulation in thermal, nuclear, and biomass power plants. Their lightweight design minimizes load on large cooling water pipelines. Triple-offset and high-performance valves withstand thermal shocks and prolonged exposure to high temperatures. Growing investments in renewable energy cooling systems also support steady demand.

Key Companies Analyzed

Key players operating in the butterfly valves market are Schlumberger Limited., Emerson Electric Co., L&T Valves Limited., The Weir Group PLC, Bray International, Hobbs Valve, JC Fábrica de Válvulas S.A.U, Velan Inc., Dembla Valves Ltd., North American Machine Works and among others.

Regional Insights

North America Butterfly Valves Market Trends 

North America remains one of the largest markets globally, driven by investments in water infrastructure modernization and expansions in oil and gas. The U.S. continues upgrading water distribution systems and replacing aging valves, especially in urban centers. Shale gas development and refinery modernization also support demand for high-performance Butterfly Valves. Strong regulatory frameworks—including API and AWWA standards—encourage the use of certified, durable valves. Canada invests in wastewater upgrades and mining operations, further supporting regional market growth.

Europe Butterfly Valves Market Trends

Europe’s Butterfly Valves market is shaped by environmental mandates, advanced water treatment systems, and widespread district heating networks. Germany, France, Italy, and the U.K. lead adoption. The chemical and pharmaceutical industries rely heavily on stainless steel and triple-offset valves. Stricter carbon emission regulations push industries toward energy-efficient valve systems. Infrastructure renewal programs across the EU provide opportunities for CI and ductile-iron valves in municipal applications.

The product awareness is expected to grow in Europe as a result of retrofitting and renovation of old technology. Additionally, increasing of petrochemical & general industry fields expenditures, increasing exploration & production activities and rising investments in oil refining. Similarly, Europe is also anticipated to witness a rise in the adoption of transportation of oil & gas through pipelines, desalination projects, treatment in different processing industries, and water treatment factories, thereby supplementing the demand of the butterfly valves in the region.

Asia-Pacific Butterfly Valves Market Trends

Asia-Pacific is the fastest-growing regional market. China remains the world’s largest manufacturer and consumer of valves, driven by industrial expansion, water treatment megaprojects, and ongoing petrochemical investments. India is rapidly upgrading its refinery capacity, chemical parks, and power generation infrastructure. Southeast Asia sees rising demand from food processing, marine, and industrial parks. The region also leads in desalination and district cooling adoption, especially in Singapore and coastal China.

Asia Pacific is experiencing dominance in global butterfly valves market owing to the parameters such as increasing need for water treatment across different countries mainly Japan, China, usage of valves in different end use industry verticals mainly in oil & gas, water treatment industry, increase in refineries and chemical plants. Besides that, it is being observed that the consumption level of valves is increasing in China particularly, as many major companies in the market have their chemical plants setup in China. Furthermore, fuel demand is increasing due to rising sales of passengers cars escalating the demand for petrochemicals industries to increase their production capacities and eventually fuelling the global butterfly valves market. Similarly, key manufacturing players mainly Emerson, Flowserve, and others have incorporated their facilities for manufacturing, sourcing and marketing in India and other developing economies in Asia in order to overcome the substantial demand of the butterfly valves.

Latin America Butterfly Valves Market Trends

Latin America’s market is supported by oil and gas developments in Brazil, natural gas expansion in Argentina, and mining industries in Chile and Peru. Water stress in parts of Mexico and Brazil drives investments in desalination and wastewater treatment, increasing demand for corrosion-resistant valves. Economic volatility affects capital investments, but long-term infrastructure needs remain strong.

Middle East & Africa (MEA) Butterfly Valves Market Trends

MEA’s Butterfly Valves market grows rapidly due to large desalination plants, petrochemical investments, and district cooling systems. Saudi Arabia, the UAE, and Qatar are major consumers of high-performance Butterfly Valves. African markets such as South Africa and Egypt invest in water treatment and power systems. MEA’s harsh operating environments accelerate demand for alloy-based and corrosion-resistant valve materials.

Competitive Landscape

The Butterfly Valves market is highly competitive, featuring global manufacturers, regional specialists, and emerging low-cost producers. Leading companies—such as Emerson, Flowserve, KSB, Crane Co., AVK Group, and Bray International—maintain strong market positions through broad product portfolios, high-performance designs, and compliance with international standards. These manufacturers offer triple-offset valves, fire-safe valves, and corrosion-resistant models tailored for critical applications in petrochemical, LNG, and power sectors.

Regional suppliers in China, India, and Southeast Asia compete primarily on price and customization. They supply wafer and lug valves for municipal systems, HVAC projects, and general-purpose industrial pipelines. Advancements in local manufacturing capabilities enable some regional companies to meet global certification standards, increasing their presence in export markets.

High-performance valve innovators focus on improving sealing technology, torque reduction, and lifecycle durability. Triple-offset valve providers continue expanding market share as industries seek long-term reliability and minimized emissions. Product development emphasizes advanced coating technologies, cryogenic compatibility, and improved stem sealing to meet evolving industry demands.

Strategic partnerships with EPC contractors and valve automation companies shape procurement dynamics, particularly for large industrial projects. Vendors offering integrated actuation, smart monitoring, and valve diagnostics provide enhanced value. Mergers and acquisitions remain common as companies seek scale, geographic expansion, and enhanced technological capabilities.

SEGMENTATION