Press release
Lined Valve Market Set to Reach $4.19 Billion by 2029 with 5.1% Yearly Growth
Lined Valve Market Insights
The market size for lined valves has experienced significant growth in the past few years. It is expected to expand from $3.26 billion in 2024 to $3.43 billion in 2025, with a compound annual growth rate (CAGR) of 5.5%. The impressive progress in the historic period can be traced back to a surge in demand from the chemical processing sectors, an increase in environmental rules advocating for safer valve technologies, expansion in water treatment infrastructure projects, an increase in the adoption of lined valves in mining operations, and an escalating emphasis on corrosion-resistant materials._x000D_
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Expectations are that the lined valve market size will experience significant growth in the coming years, reaching $4.19 billion by 2029, with a compound annual growth rate (CAGR) of 5.1%. This growth trajectory during the forecast period is largely due to increased investments in water treatment infrastructures, a surge in demand for lined valves within the oil and gas sector, expansion in the pharmaceutical and biotechnology sectors, heightened focus on energy efficiency during manufacturing processes, increased demand for specialty chemical production, and expanded exploration endeavors within the mining and minerals sectors. Notable trends anticipated for the forecast period encompass the use of smart valve technologies, the development of environmentally-friendly lined valve solutions, the incorporation of Internet of Things (IoT) for remote monitoring and upkeep of valves, advancements in valve sealing technologies, and a growing attention on automation technology._x000D_
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What Are the Primary Growth Drivers for the Lined Valve Market?_x000D_
The growth of the lined valve market is foreseen to be fueled by the expansion of the oil and gas industry. This sector includes processes such as exploration, extraction, refinement, transportation, and distribution of petroleum products. The ever-increasing global energy needs, buoyed by population increase and economic growth, act as catalysts for the growth of the oil and gas sector. Lined valves play an indispensable role in this expansion as they ensure effective and safe flow control, lower maintenance expenses, and improve operational safety. To illustrate, data from the US Energy Information Administration (EIA), a governmental agency in the U.S., revealed that China imported 11.3 million barrels of crude oil daily in 2023, which is a surge of 10% compared to 2022. Hence, the growth of the oil and gas sector is directly linked to the surge in the lined valve market._x000D_
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Who Are the Dominant Companies Influencing Lined Valve Market Trends?_x000D_
Major companies operating in the lined valve market are Honeywell International Inc., Schlumberger NV, Emerson Electric Co., Pentair plc, Flowserve Corporation, Entegris Inc., KSB SE & Co. KGaA, Crane Company, KITZ Corporation, samsoncontrols.net, Bürkert Fluid Control Systems, Bray International, DeZURIK, Mueller Co. LLC, AZ Armaturen, FluoroSeal Group, InterApp AG, Bueno Technology Co. Ltd., ChemValve Schmid AG, EBRO Armaturen Gebr, Sigma Polymers Engineering Company_x000D_
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How Is the Lined Valve Market Evolving?_x000D_
Major firms in the lined valve market are coming up with innovative products incorporating advanced technologies, such as the smart valve positioner technology, to raise the bar of control precision and efficiency in industrial operations. The tech behind smart valve positioner automatically modifies valve positions by making use of sensor feedback and advanced control algorithms, thereby elevating the efficiency and reliability of process control via accurate valve positioning. As an illustration, in April 2022, Emerson, a tech and software organization based in the U.S., secured approval from the U.S. Federal Communications Commission for its TopWorx PD Series Smart Valve Positioner. The TopWorx PD Series Smart Valve Positioner uses 4-20 mA loop signals and HART protocols for meticulous valve control, featuring Hall effect position detection and dual configurable alarms. This product is created for rotary and linear actuators that serve in industries like oil and gas, chemical processing, and power generation, guaranteeing a straightforward installation process and trustworthy performance in demanding settings._x000D_
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What Are the Different Segmentations in the Lined Valve Market?_x000D_
The lined valve market covered in this report is segmented -_x000D_
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1) By Type: Ball Valve, Butterfly Valve, Plug Valve, Globe Valve, Gate Valve, Other Types_x000D_
2) By Material: Polytetrafluoroethylene (PTFE), Perfluoroalkoxy (PFA), Modified Polytetrafluoroethylene (TFM), Polychlorotrifluoroethylene (PCTFE), Other Materials_x000D_
3) By Industry: Chemical, Petrochemical, Pharmaceuticals, Food And Beverages, Pulp And Paper, Other Industries_x000D_
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Subsegments:_x000D_
1) By Ball Valve: Full Port Ball Valve, Standard Port Ball Valve, V-Port Ball Valve_x000D_
2) By Butterfly Valve: Wafer Butterfly Valve, Lug Butterfly Valve, Double Offset Butterfly Valve_x000D_
3) By Plug Valve: Lubricated Plug Valve, Non-Lubricated Plug Valve, Eccentric Plug Valve_x000D_
4) By Globe Valve: Tee Pattern Globe Valve, Angle Pattern Globe Valve, Wye Pattern Globe Valve_x000D_
5) By Gate Valve: Wedge Gate Valve, Parallel Slide Gate Valve, Knife Gate Valve_x000D_
6) By Other Types: Diaphragm Valve, Check Valve, Pinch Valve_x000D_
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Which Region Is at the Forefront of the Lined Valve Market?_x000D_
Asia-Pacific was the largest region in the lined valve market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the lined valve market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa._x000D_
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What Is Covered In The Lined Valve Global Market Report?_x000D_
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- Market Size Analysis: Analyze the Lined Valve Market size by key regions, countries, product types, and applications._x000D_
- Market Segmentation Analysis: Identify various subsegments within the Lined Valve Market for effective categorization._x000D_
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape._x000D_
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market._x000D_
- Market Contribution: Evaluate contributions of different segments to the overall Lined Valve Market growth._x000D_
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers._x000D_
- Industry Challenges: Analyze challenges and risks affecting the Lined Valve Market._x000D_
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market._x000D_
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