Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 10.7 Billion | USD 19.5 Billion | 6.9% | 2023 |
The global rubber-lined butterfly valves market size was worth around USD 10.7 billion in 2023 and is predicted to grow to around USD 19.5 billion by 2032 with a compound annual growth rate (CAGR) of roughly 6.9% between 2024 and 2032.
Butterfly valves with rubber linings control or isolate flow using a disk. Because of their reliability, low maintenance requirements, and ability to tolerate high temperatures and pressures, they are frequently utilized in the water business. The disc is driven by an internal shaft and sits on an elastomer that is molded into the valve body. Butterfly valves with rubber linings are bi-directional, enabling flow in either direction. They are frequently found in utilities, process plants, power plants, HVAC systems, fire water lines, and water distribution systems. Butterfly valves with rubber linings come in an array of materials and seat configurations to accommodate various process requirements and consumer preferences. Additionally, they can be made with a "locked-in" liner to enable downstream dismantling and secure shut-off.
Increasing demand for water treatment drives market growth
The increasing demand from the water treatment industry is expected to drive the rubber-lined butterfly valves market over the projected period. Rubber-lined butterfly valves are essential to water treatment because of their resilience to corrosion, robustness, and versatility in handling different kinds of fluids. Butterfly valves with rubber linings are used to regulate the water flow through filtering systems. Their capacity to seal tightly guarantees that the flow can be accurately controlled, which is necessary for filters to function effectively. In addition, chemicals like chlorine or other disinfectants are added to water treatment facilities to destroy bacteria and other diseases. Because the rubber lining offers resistance to corrosive chemicals, rubber-lined butterfly valves are used to regulate the dosage of toxic compounds.
The presence of alternatives and technical limitations hinder market growth
Other valve types, such as ball and gate valves, which may be favored in some applications because of their superior performance or particular qualities, pose a serious threat to rubber-lined butterfly valves. Furthermore, because the rubber lining might deteriorate in situations with very high temperatures or pressures, rubber-lined butterfly valves might not be appropriate for use in these scenarios. Their use is restricted in specific industries and applications due to this constraint. Thus, the presence of alternatives and technical limitations might be hindering the growth of the rubber-lined butterfly valves industry during the projected period.
Growth in the oil & gas sector offers a lucrative opportunity for market growth
Rubber-lined butterfly valves are used in many different aspects of the oil and gas industry, particularly in situations where controlling the flow of liquids and gases under challenging conditions is required. The expansion of this industry, especially in regions like the Middle East and North America, helps the market grow. For instance, the International Energy Statistics indicate that at one point in history, the United States produced more crude oil than any other nation. Crude oil production in the United States, including condensate, averaged 12.9 million barrels per day (b/d) in 2023. This figure beat the previous record of 12.3 million b/d set in 2019 for both the United States and the world. December 2023 saw an all-time high of over 13.3 million barrels per day for the average monthly production of crude oil in the United States.
Environmental and regulatory concerns pose a major challenge to market expansion
More environmental laws governing the disposal of rubber waste and worries about the effects of rubber production on the environment can serve as a deterrent, particularly in areas with strict environmental laws. For instance, rubber production has several environmental impacts, including deforestation, biodiversity loss, pollution, and climate change. Thus, environmental and regulatory concerns pose a major challenge for the rubber-lined butterfly valves industry.
The global rubber-lined butterfly valves industry is segmented based on type, material, application, and region.
Based on the type, the global rubber-lined butterfly valves market is bifurcated into wafer type and lugged type. The wafer-type segment is expected to dominate the market over the forecast period. Because they can handle different fluids and produce a tight seal, wafer-type rubber-lined butterfly valves are frequently used in industries like chemical processing, water treatment, and HVAC systems. Revenue growth is being aided by these industries' expansion, especially in emerging economies. Wafer-type valves are also typically less expensive than other varieties, which makes them the go-to option for projects with tight budgets. This cost advantage aids in increasing market share and boosts revenue. Additionally, wafer-type rubber-lined butterfly valves are performing better and last longer thanks to ongoing advancements in valve design and the creation of stronger rubber linings. Their increased appeal to end users as a result of these developments is fueling market expansion.
Based on the material, the global rubber-lined butterfly valves industry is bifurcated into EPDM, NBR, and Viton.
Based on the application, the global rubber-lined butterfly valves market is bifurcated into power generation, oil & gas, water treatment, and construction. The water treatment segment is expected to capture the largest market share during the forecast period. The increasing demands of population expansion, urbanization, and industrial activity drive the global need for clean and safe drinking water. This increases the need for effective water treatment facilities, where the regulation and control of water flow are largely dependent on rubber-lined butterfly valves. Furthermore, the demand for efficient wastewater management solutions rises with the expansion of industries. Because of its resilience and capacity to handle corrosive and abrasive fluids, rubber-lined butterfly valves are indispensable in wastewater treatment plants for the efficient management of sewage and industrial waste. Thereby driving the segment expansion.
Report Attributes | Report Details |
---|---|
Report Name | Rubber-Lined Butterfly Valves Market |
Market Size in 2023 | USD 10.7 Billion |
Market Forecast in 2032 | USD 19.5 Billion |
Growth Rate | CAGR of 6.9% |
Number of Pages | 220 |
Key Companies Covered | Sefelec (Eaton Group Company), Koehler Instrument Company, Weshine Electric Manufacturing Co. Ltd., Smithers, Ram Incredible Solution, Sif srl, Megger, HV Hipot Electric Co. Ltd., Guangzhou zhilitong Electromechanical Co. Ltd, EDC, Wuhan Goldhome Hipot Electrical Co. Ltd., HV TECHNOLOGIES Inc., UDEYRAJ ELECTRICALS PRIVATE LIMITED, KePin (DongGuan) Testing Instruments Co. Ltd., and others. |
Segments Covered | By Type, By Material, By Application, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Asia Pacific leads the market over the projected period
The Asia Pacific is expected to lead the global rubber-lined butterfly valves market growth during the forecast period. Concerns about pollution and water scarcity are driving major investments in water treatment facilities by many countries in the region. Rubber-lined butterfly valves are widely used in these facilities due to their ability to tolerate corrosive and abrasive fluids, which is driving the growth of their market. To improve wastewater management and water quality, governments throughout Asia-Pacific are also making investments in infrastructure projects and implementing stricter environmental regulations. As a result of these initiatives, rubber-lined butterfly valves and other trustworthy and efficient valve solutions are seeing an increase in demand. Besides, the North American region is expected to capture a significant market share over the projected period. The growth in the region is attributable to the rising oil & gas sector.
The global rubber-lined butterfly valves market is dominated by players like:
By Type
By Material
By Application
FrequentlyAsked Questions
Butterfly valves with rubber linings control or isolate flow using a disk. Because of their reliability, low maintenance requirements, and ability to tolerate high temperatures and pressures, they are frequently utilized in the water business. The disc is driven by an internal shaft and sits on an elastomer that is molded into the valve body. Butterfly valves with rubber linings are bi-directional, enabling flow in either direction. They are frequently found in utilities, process plants, power plants, HVAC systems, fire water lines, and water distribution systems.
The rubber-lined butterfly valves market is driven by several factors, such as the growing water treatment industry, technological advancements, rising investment in R&D, increasing collaboration among the key market players, and others.
According to the report, the global rubber-lined butterfly valves market size was worth around USD 10.7 billion in 2023 and is predicted to grow to around USD 19.5 billion by 2032.
The global rubber-lined butterfly valves market is expected to grow at a CAGR of 6.9% during the forecast period.
The global rubber-lined butterfly valves market growth is expected to be driven by the Asia Pacific. It is currently the world’s highest revenue-generating market due to the growing infrastructure development.
The global rubber-lined butterfly valves market is dominated by players like Wouter Witzel EuroValve, Techmatic, Flexachem, VATAC, ZD Valve, Gangye Group, Armatec, TOMOE VALVE USA, AVK Holding, Actuation Valve & Control, Emerson, Flowserve, ADAMS Armaturen, Crane, Kitz and Amresist among others.
The rubber-lined butterfly valves market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
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