PUBLISHER: Market Research Future | PRODUCT CODE: 1578145
PUBLISHER: Market Research Future | PRODUCT CODE: 1578145
Global PFA Lined Valves Market Research Report Information by Valve Type (Ball Valves, Butterfly Valves, Ball Check Valves, Diaphragm Valves, Globe Valves, Plug Valves, Gate Valve), by Size (Less Than 1 Inch, 2 Inch To 6 Inches, 7 Inches To 12 Inches, More Than 12 Inches), by Pressure Rating (Low Pressure (Less Than 150 Psi), Medium Pressure (150 Psi To 600 Psi), High Pressure (More Than 600 Psi)), by End User Industry (Chemical, Pharmaceutical, Water Treatment, Oil & Gas, Power Generation, Food & Beverage, And Others), and by Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America) Forecast Till 2032
In 2023, the PFA Lined Valves Market was valued at USD 1,703.5 million. The global PFA Lined Valves industry is expected to increase from USD 1,762.7 million in 2024 to USD 2,498.4 million by 2032, with a compound yearly growth rate (CAGR) of 4.5% over the forecast period (2024-2032).
The increased demand for line valves that can handle high pressure and temperatures is driving the market for PFA lined valves. Durable valves that can perform efficiently under extreme conditions are in high demand in a variety of industries including oil and gas, chemical, water treatment, and pharmaceutical. These industries frequently deal with corrosive substances and procedures that need tremendous temperatures and pressures, making it critical to employ valves that can withstand such harsh circumstances. Furthermore, PFA-lined valves have excellent chemical resistance, which protects the valve's interior components. These are critical components for the valves' integrity and longevity, as well as assuring safe and reliable functioning in demanding applications. Furthermore, PFA lined valves' capacity to withstand high pressure without sacrificing performance is a key element pushing their adoption.
Market Segment insights
The market is divided into valve types, which include ball valves, butterfly valves, ball check valves, diaphragm valves, globe valves, plug valves, and gate valves.
The market is divided into four segments based on capacity: less than one inch, two to six inches, seven to twelve inches, and more than twelve inches.
The Insulation Material market is divided into three segments: low pressure (less than 150 psi), medium pressure (150 psi to 600 psi), and high pressure (greater than 600 psi).
Chemical, pharmaceutical, water treatment, oil and gas, power generating, food and beverage, and other industries are among those that use Solenoid Valves.
Regional insights
The Asia Pacific PFA Lined Valves market accounted for the biggest market share in 2023 and is predicted to develop at a considerable CAGR over the forecast period. PFA-lined valves are critical for handling caustic and high-purity fluids, making them extremely important in industries such as chemical processing, pharmaceuticals, food and beverage, and water treatment, all of which are rapidly expanding in this region.
Furthermore, Europe is the second-largest location for PFA Lined Valves. PFA-lined valves, noted for their superior chemical resistance and longevity, are rapidly being used in a variety of sectors.
Furthermore, the North American PFA Lined Valves Market has expanded rapidly in recent years. The North American PFA Lined Valves market is expanding steadily, owing to a variety of factors.
Crane Company (Crane Chempharma & Energy Corp.), Baum Lined Piping Gmbh, CRP, Emerson Electric Co, Flowserve Corporation, Kitz Corporation, Bray International, Samson AG, Gemu Group, and AVK Group are among the key players in the PFA Lined Valves market.
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