Press release
Diaphragm Valve Market New Growth Opportunities Status at a CAGR of 5.6% by 2032
The diaphragm valve market size was valued at $312.4 million in 2022, and is estimated to reach $541 million by 2032, growing at a CAGR of 5.6% from 2023 to 2032.The diaphragm valves have high demand in pharmaceutical industries. In addition, the automation control of valves plays an important role in these industries to reduce the risk of human contact during the flow process.
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Driving Demands:
The utilization of high-efficiency valves in the chemical industry is anticipated to grow, owing to the necessity for safe chemical handling. Different chemicals have different properties such as corrosiveness, alkalinity, and others, which make chemical handling very risky.
Industries adopt automatic industrial valves to reduce human interference in the pipe system, which reduces accidents and fatalities. Major players in the valve and valve automation industry offer specialized solutions to automate the operation of valves in chemical processing applications. such factors will drive the diaphragm valve market growth.
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Key Segments:
Depending on type, the weir segment dominated the diaphragm valve market in 2022, and straightway segment it is expected to grow at a significant CAGR during the forecast period. This is attributed to the fact that weir-style diaphragm valves are particularly well-suited for hygienic applications where maintaining sterility and preventing cross-contamination are paramount.
The growth in preference of valves is due to its sustainable and innovative smelting, mining, mineral recovery, and recycling technology.
The major key players in diaphragm valve market are focused on development of alloy-based valves, owing to the benefits such as high durability, high electrical resistance, increased toughness, and high temperature sustaining capacity. All these benefits foster the demand for alloy-based valves that subsequently drive the diaphragm valve market growth.
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Top Players:
Metso Corporation, Mival S.p.A, Bray International Inc, Parker-Hannifin Corporation, Arita Valves Manufacturing Co., Ltd, Velan Inc., Flowserve Corporation, SchuF GmbH, Nihon Kogyo Co., Ltd., and Samson AG.
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