Press release
Soft Seated Butterfly Valves Industry Outlook: $2.5 Billion in 2023, Expected to Grow to $4.0 Billion by 2034
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Analyst Viewpoint
Increasing concerns regarding greenhouse gas emissions are significantly fueling the market for soft seated butterfly valves. These valves play a crucial role in reducing carbon emissions, especially in energy-intensive industries. Additionally, the expansion of the oil & gas sector is augmenting market development, as these industries are major end-users of resilient seat butterfly valves and double-offset high-performance butterfly valves.
Market Introduction
Butterfly valves are quarter-turn rotational motion valves used to shut off flow in pipelines. Soft seated butterfly valves are designed to control various media, such as water, oils, air, and vacuum, in commercial and industrial applications. These valves can be operated with manual, air, or electric actuators.
Various types of soft-seal butterfly valves include:
PVC (Polyvinyl Chloride)
CPVC (Chlorinated Polyvinyl Chloride)
PTFE (Polytetrafluoroethylene)
EPDM (Ethylene Propylene Diene Monomer)
NBR (Nitrile Butadiene Rubber)
Composite Gaskets
EPDM butterfly valves are ideal for water, while NBR is suitable for oils, air, and vacuum. Fluoroelastomer butterfly valves are suitable for hydrocarbons, oils, and other chemicals.
These valves are widely used in water & wastewater treatment, desalination plants, thermal power stations, and fertilizer plants. They are also employed in food & beverage, pharmaceutical, marine, mining, and pulp & paper industries.
Market Drivers
Surge in Concerns Regarding Greenhouse Gas Emissions:
Innovative automated valve products are gaining traction as end-users seek to limit carbon emissions. Valve actuators on high-performance soft seated butterfly valves can help reduce leaking in energy-intensive industries, thereby limiting the emission of gases.
Example: Oil & gas operations account for around 15% of total energy-related emissions globally, equivalent to 5.1 billion tons of greenhouse gas emissions.
Expansion in Oil & Gas Sector:
Soft seated butterfly valves are widely used in the oil & gas sector for high-pressure applications. They provide ultimate rigidity, leak-free performance, and uninterrupted flange sealing.
Example: Vedanta announced plans to invest USD 4 billion over the next three years to double its oil & gas production capacity to 300,000 barrels of oil equivalent per day.
Regional Outlook
Leading Region: Asia Pacific
Asia Pacific held the largest market share in 2023, driven by increased investments in water & wastewater treatment. Significant projects, such as the Bukhara Region Water Supply and Sewerage Project in Uzbekistan and the Second Dam Rehabilitation and Improvement Project in India, are promoting sustainable water management in the region.
Key Players and Developments
Key players in the soft seated butterfly valves market include Gefa Processtechnik GmbH, IMI Process Automation, Huamei Machinery Limited, DERVOS VALVE CO., LTD., Insatech A/S, VTM-Valves, Valworx, Platinum Samandy, Tianjin Tanghaidongyang Valve Co., Ltd., and Valmet.
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Recent Developments
Valworx: Expanded its sanitary butterfly valve line in March 2024.
IMI Orton: Successfully carried out factory acceptance testing on a large butterfly valve for a propane dehydrogenation plant in Saudi Arabia in January 2024.
Market Segmentation
By Valve Type:
PVC
CPVC
PTFE
EPDM
NBR
Composite Gaskets
Ductile Iron
Stainless Steel
Others
By Operating Type:
Manual Butterfly Valves
Pneumatic Butterfly Valves
Electric Butterfly Valves
Hydraulic Butterfly Valves
Others
By Size:
Less than 12"
12" - 24"
24" - 96"
More than 96"
By End-use Industry:
Water & Wastewater Treatment
Heating, Ventilation, and Air Conditioning (HVAC)
Chemical Processing
Oil & Gas
Power Generation
Food & Beverage
Pharmaceutical
Marine
Mining
Pulp & Paper
Others
Regional Coverage
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Key Markets
Countries Covered:
U.S.
Canada
Germany
U.K.
France
Italy
Russia & CIS
Japan
China
India
ASEAN
Brazil
Mexico
South Africa
GCC
Companies Profiled
Gefa Processtechnik GmbH
IMI Process Automation
Huamei Machinery Limited
DERVOS VALVE CO., LTD.
Insatech A/S
VTM-Valves
Valworx
Platinum Samandy
Tianjin Tanghaidongyang Valve Co., Ltd.
Valmet
Market Snapshot
Market Size in 2023: USD 2.5 billion
Market Forecast (Value) in 2034: USD 4.0 billion
Growth Rate (CAGR): 4.5%
Forecast Period: 2024-2034
Quantitative Units: USD billion for value and thousand units for volume
Market Analysis: Includes segment analysis, regional level analysis, drivers, restraints, opportunities, key trends, Porter's Five Forces Analysis, value chain analysis, and key trend analysis.
Conclusion
The soft seated butterfly valves market is set for robust growth, driven by concerns over greenhouse gas emissions and the expansion of the oil & gas sector. Asia Pacific leads the market, supported by significant investments in water & wastewater treatment infrastructure. Key players are focusing on sustainable product development and innovation to meet the growing demands of various end-use industries.
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Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
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