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The global lined valves market is witnessing exponential growth owing to rising demand for such valves in numerous industry verticals such as pharmaceutical, water treatment, and food & beverages sector, which, in turn, rise in demand for these valves fuels the market growth. Moreover, these valves have safety, efficiency, and long-term durability features. In addition, global food and beverage growth boosts the demand for such products to cater to market growth.
Growth in the Chemical and Pharmaceutical Sector to Trigger Market Growth
The chemical and pharmaceutical industries are experiencing rapid growth, which relies heavily on corrosion-resistant and high-performance valves for handling aggressive chemicals and sensitive pharmaceutical formations. Moreover, global demand for bulk chemicals, specialty chemicals, and petrochemical industries boosts the sales of these valves, which fuels the growth of the market. Moreover, lined valves offer a longer service life in a chemical environment, reducing downtime and maintenance costs. In addition, various industries are moving toward sustainable and bio-medical chemical production, which boosts the demand for lined valves and drives market growth.
High Capital Investment and Maintenance Costs to Hinder Market Growth
Lined valves require more cost as compared to other standard valves owing to the use of high-quality materials such as Polytetrafluoroethylene (PTFE), Perfluoroalkoxy Alkane (PFA), Ethylene Chlorotrifluoroethylene (ECTFE), and Polypropylene (PP) in the lined valves, that involved advanced manufacturing process. Moreover, small and medium-sized enterprises may face a struggle to adopt this type of valve in manufacturing processes owing to high initial capital investment, which restricts the growth of the market.
Rising Infrastructure Development in Water Treatment and Desalination Projects to Drive the Growth of the Market
Rising demand for lined valves in municipal water treatment plants and industrial wastewater treatment plants to resist corrosion from chemicals used in treatment processes fuels the growth of the lined valves market. Moreover, rising investment in desalination projects in the Middle East, Africa, and Asia Pacific will trigger market growth.
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By Valve Type |
By Material |
By Size |
By End User |
By Geography |
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The report covers the following key insights:
By valve type, the market is divided into ball valves, butterfly valves, plug valves, gate valves, globe valves, diaphragm valves, and check valves.
Ball Valves dominate the market owing to rising demand for such valves in chemical processing, pharmaceutical, and oil & gas activities. Moreover, it has features such as tight sealing, low torque requirement, and long, durable, corrosion-resistant, and high-pressure environments. Moreover, major key players launched various ball valves into the market.
By material, the market is divided into polytetrafluoroethylene (PTFE), perfluoroalkoxy alkane (PFA), ethylene chlorotrifluoroethylene (ECTFE, polypropylene (PP), polyvinylidene fluoride (PVDF), and fluorinated ethylene propylene (FEP).
Polytetrafluoroethylene material dominates the market owing to its features, such as its ability to deal with various chemicals such as chemicals, acids, and solvents. Also, it is found in extremely hazardous environments and can work under a temperature capacity of 2600 C. This lined valve material found applications in chemicals, pharmaceutical, and oil & gas sectors.
By size, the market is divided into up to 2 inches, 2-6 inches, 6-10 inches, and more than 10 inches.
2 to 6 inches dominate the market owing to factors such as these types of valves being widely used across various industries such as chemical, pharmaceutical, and food industries, as well as sustainability for medium-scale applications and balanced performance in terms of flow control and durability. Moreover, the rising adoption of these types of valves in various industry verticals boosts the growth of the market.
By end user, the market is categorized into chemical, oil & gas, water treatment, pharmaceutical, food & beverage, power generation, and others (offshore platform).
The chemical sector will dominate the lined valves market during the forecast period due to factors such as growth in the chemical industry, stringent government regulations, and rising demand for specialty chemicals in the chemical sector, which enhance the demand for lined valves to control the flow of water or chemicals, bolster the market growth.
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In terms of geography, the global market is segmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
The Asia Pacific region dominates the global lined valves market. This is owing to the significant growing demand from various industry verticals, such as the chemical, pharmaceutical, and petrochemical sectors. In addition, rising investment in water treatment infrastructure and infrastructure investment bolsters the market growth.
North America is anticipated to grow significantly during the forecast period, owing to factors such as growth in various industries such as oil & gas, chemical, pharmaceutical, and wastewater treatment plants across the U.S. and Canada. In addition, growth in industrialization and infrastructure development across North America drives the growth of the lined valves market.
The global lined valves market is moderately consolidated, with a large number of key players and local players. The top 10 players account for only around 56% of the global market.
The report includes the profiles of the following key players:
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