Check Valves Market Forecasts from 2023 to 2028

The check valves market is estimated to grow at a CAGR of 9.98% during the forecast period.

The check valves market is estimated to grow at a strong rate during the forecast period. A check valve is a type of valve designed to regulate the fluid flow in a singular direction. It consists of two openings, allowing fluid to enter through one port and exit through the other thereby preventing reverse flow. Check valves find widespread application in industrial, chemical, power & energy, and water treatment. Check valves come in various types, including the butterfly check valve, piston check valve, diaphragm check valve, and swing check valve. Growing wastewater management and chemical industries are driving the expansion of the check valve market size.

Improved wastewater management systems bolster the check valve market growth

Check valves allow wastewater to flow in one direction while preventing any reverse flow that could potentially contaminate water sources or cause system malfunctions. Governments and industries strive to improve environmental sustainability and comply with stringent regulations, and the demand for efficient wastewater treatment solutions has surged. Consequently, rise in check valves market growth. In September 2022, the United States and Mexico officially implemented a collaborative agreement to allocate $474 million toward expanding wastewater plants. These investments are aimed at addressing the issue of untreated sewage discharge into the Pacific Ocean near the border of San Diego and Tijuana, with the ultimate goal of reducing environmental pollution.

The growing chemical industry drives the check valve industry expansion

The chemical industry extensively utilizes check valves in various applications, such as controlling the flow of corrosive and hazardous fluids, preventing backflow & leakage, and ensuring the safety and efficiency of chemical processing systems. As the chemical sector continues to expand globally, driven by increasing industrialization and demand for chemical products, the market demand for check valves also rises.. Additionally, according to the Chemistry Industry Association of Canada, in 2022, the shipment of the chemical witnessed 11% growth compared to 2021, reaching an all-time high of $30.7 billion.

Surging mining activities propels the check valve market growth

Mining operations require robust and reliable flow control solutions to manage various fluids, including water, chemicals, and slurry. Check valves play a crucial role in ensuring the smooth operation of mining processes by preventing backflow, controlling pressure, and protecting equipment from damage. The increasing demand for minerals and metals worldwide has led to the expansion of the mining sector which is fuelling the demand for check valves. According to the Government of Canada, the country's total mineral production witnessed remarkable growth, surging from 46,369 million units in 2020 to 55,506 million units in 2021.

Asia-Pacific is projected to dominate the check valve market

The Asia-Pacific region's dominance can be attributed to several factors such as rapid industrialization, increased infrastructure development, and improving water treatment plants, mining, and chemical sectors in countries like China and India. These end-users require a reliable flow control system which is driving the demand for check valves.

Alternative technology availability will restrain check valve market growth

The growth potential of the check valve industry may be limited due to the availability of alternative technologies or valve types that can serve similar purposes. In specific scenarios, flow control valves or pressure relief valves can be utilized as substitutes for check valves. This availability of alternatives poses a challenge for the check valve market as customers may go for these alternative options instead. The substitution of check valves with alternative technologies can lead to reduced demand for traditional check valves, thereby impeding the check valves market size.

Key Developments

• February 2023: The Coulter Valve Service (CVS) was acquired by Trillium Flow Technologies a renowned specialist in valve field services. This strategic acquisition further strengthens Trillium's position in the industry and enhances its ability to provide comprehensive valve solutions to customers.
• March 2023: Check-All Valve expanded its comprehensive range of check valves with the introduction of the Adapter Valve. This latest addition includes MODEL AM (MALE THREAD X FEMALE THREAD) and MODEL AF (FEMALE THREAD X MALE THREAD) . Notably, both models feature identical pipe thread sizes on both ends, making them ideal for applications that require a threaded straight adapter.
• October 2022: Crane, a renowned industry leader, unveiled its state-of-the-art engineered check valve factory located in Satara, Maharashtra, India. This new facility marks a significant milestone in Crane's commitment to innovation and customer service. Notably, the factory is equipped with advanced infrastructure that enables in-house high-pressure gas and cryogenic testing. This cutting-edge testing capability extends to valves as large as 72 inches in size.

Company Products

• RN type FCA Nozzle Check Valve: FCA valves offers the RN type FCA Nozzle Check Valve, an exceptional solution designed to prevent reverse flow effectively. This valve incorporates a unique feature wherein it gradually seals before the pump comes to a complete stop, minimizing the risk of reverse flow. The valve's compact short pattern design plays a crucial role in reducing the closing time, effectively preventing water hammer occurrences. The seat of the valve can be chosen between metal or soft-seated options, both ensuring a tight seal.
• CHECK VALVES - R: CMO Valves offers check valves that feature a one-piece cast iron body designed with an internal conical shape, allowing for effortless removal of solid particles present in the flow. The distance between faces conforms to the CMO Valves standard, ensuring compatibility and ease of installation. These valves are equipped with a marked arrow on the body, indicating the direction of flow for user convenience. Additionally, an auxiliary spring option is available to facilitate faster closing if required.

Segmentation

By Type

• Butterfly Check Valve
• Piston Check Valve
• Diaphragm Check Valve
• Swing Check Valve
• Other

By Material

• Stainless Steel
• Brass
• Polyvinyl Chloride (PVC)
• Polypropylene
• Others

By End-User

• Industrial
• Chemical
• Power & Energy
• Water Treatment
• Others

By Geography

• North America
• USA
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• Germany
• UK
• France
• Spain
• Others
• Middle East and Africa
• Saudi Arabia
• UAE
• Others
• Asia Pacific
• China
• Japan
• South Korea
• India
• Australia
• Other