GCCWIRE
  • Home
  • News
    • Press Releases
  • Bahrain
  • Kuwait
  • Oman
  • Qatar
  • KSA
  • UAE
  • About Us
    • Press Release Distribution Services
    • Submit Press Release
    • Contact Us
submit pr
No Result
View All Result
  • Home
  • News
    • Press Releases
  • Bahrain
  • Kuwait
  • Oman
  • Qatar
  • KSA
  • UAE
  • About Us
    • Press Release Distribution Services
    • Submit Press Release
    • Contact Us
submit pr
No Result
View All Result
GCCWIRE
submit pr
Home Press Releases

Lined Valve Market Projected to Reach $4.1 billion by 2028

admin by admin
January 13, 2023
in Press Releases
Share on FacebookShare on Twitter


(EMAILWIRE.COM, January 13, 2023 ) The Global Lined Valve Market size is expected to grow from USD 3.4 billion in 2023 to USD 4.1 billion by 2028, at a CAGR of 4.2%. The growth of the lined valve market can be attributed to the growing demand for automatic valves, and the rising trend of adoption of IoT-integrated valves is driving the growth of the lined valve market. However, the lack of standardized policies and increasing frequency of unplanned downtime due to malfunction of valves are major restraints for the market’s growth.

Download PDF Brochure @
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=199355707

The lined valve market is witnessing steady growth owing to several factors, including rising demand for ensuring the purity of processes in the pharmaceutical industry and the growing necessity for adhering to process safety guidelines established by governments worldwide. Additionally, the rising potential of end-user industries such as petrochemical, semiconductor, and power are other factors contributing to the growth of the lined valve market.

Based on type, the lined valve market is segregated into a ball valve, butterfly valve, globe valve, gate valve, and plug valve (safety valves, diaphragm valves, and check valves). Ball valves held the largest share and are expected to register the highest growth rate during the review period. Lined ball valves provide several benefits, such as low maintenance cost, low pressure drop, and easy actuation, thereby increasing their adoption across petrochemical, chemical, pharmaceutical, and mining industries. Lined butterfly valves held the second largest share of the lined valve market. They are considered a cheaper & better option for inline on/off applications. In addition, it is also being used for the throttling flow control purpose. These valves are used primarily in metals & mining and pulp & paper industries.

Based on material, the lined valve market is segmented into polytetrafluoroethylene (PTFE), perfluoroalkoxy (PFA), modified polytetrafluoroethylene (TFM), polychlorotrifluoroethylene (PCTFE), and others (fluorinated ethylene-propylene (FEP), ethylene propylene diene monomer (EPDM), and polyvinylidene fluoride (PVDF). PTFE material held the largest share and is expected to register the highest growth rate during the forecast period. Various PTFE line valves include PTFE lined ball valve, PTFE lined butterfly valve, PTFE lined gate valve, PTFE lined globe valve, PTFE lined plug valve, and PTFE lined pressure seal valve. PTFE material offers high permeability resistance and exceptional anti-corrosion capabilities. In addition, PTFE lined valve offers better lubrication for the smooth flow of chemicals. These factors are driving the adoption of PTFE lined valves in multiple industries such as chemical, fertilizer, and metallurgical.

The lined valve market is segmented by industry: chemical, petrochemical, pharmaceuticals, food & beverages, pulp & paper, and others (agriculture, power, mining, and semiconductor). The pharmaceutical industry is expected to register the highest growth rate, followed by the petrochemical industry, which is expected to register the second highest growth rate during the forecast period. PTFE lined valves are used in the pharmaceutical industry owing to many advantages such as chemical compatibility, low friction properties, and low surface adhesion. In addition, the better durability and versatility of lined valves make them a preferred choice in the pharmaceutical industry. In the petrochemical industry, lined valves regulate, manage, and control the flow rates of gases such as oxygen, natural gas, and liquid hydrocarbons. The lined valves in this industry are helping to identify fluid corrosivity, fluid erosion properties, and other parameters, thereby promoting the growth of the lined valve market for the petrochemical industry.

The lined valve market is segmented into four regions, North America, Europe, Asia Pacific, and the Rest of the World (RoW). Asia Pacific is expected to register the highest growth rate, followed by North America during the forecast period. In China, the driving factors for the growth of the valve industry include rapid market expansion, regulatory system reform, and new and complex medical needs. South Korea is ranked 5th for the largest chemical production worldwide. The increasing potential of the chemical industry in the country is supporting the growing adoption of lined valves. Increasing research and development (R&D) activities at industry levels is broadening the application areas of lined valves in different industries, such as pharmaceuticals and chemicals, in the US. In Canada, the presence of chemical firms in the country will support the growth of lined valve market so that it can help avoid contamination and corrosion in the chemical industrial process.

News Also Covered: https://www.prnewswire.com/news-releases/lined-valve-market-worth-4-1-billion-by-2028—exclusive-report-by-marketsandmarkets-301712147.html

Related Reports:

Industrial Valves Market by Function (On-off/Isolation, Control), Material, Type, Component, Size, End-User (Oil & Gas, Energy & Power, Water & Wastewater Treatment) and Region – Global Forecast to 2026

Hygienic Pumps and Valves Market by Valve Type (Single-seat Valves, Double-seat Valves, Butterfly Valves, Diaphragm Valves, Control Valves), Pump Type, Operation, End-User Industry, and Region (2021-2026)

Valve Controller Market by Type (Traditional and Digital Valve Controller), Digital Valve Controller Communication Protocol, End-use Industry (Oil & Gas, Energy & Power, Water & Wastewater Treatment), and Geography – Global forecast to 2025

Valve Driver Market with COVID-19 Impact, by Function (Solenoid, Proportional), Valve Type (Conventional Control Valve, Expansion Valve), End-User (Commercial & Residential, Industrial, and Motion Equipment), Region – Global Forecast to 2025

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.



Source link

Previous Post

Arab Newswire™ Press Release Distribution to Media in the Middle East and North Africa (MENA) on Low and High Tier PR Plans

Next Post

Etihad global sale, Emirates offers, hotel deals and more

RelatedPosts

Bioink Market is expected to grow at a CAGR of 20.48 percent during the forecast period
Press Releases

Bioink Market is expected to grow at a CAGR of 20.48 percent during the forecast period

 Bioink Market(EMAILWIRE.COM, January 27, 2023 ) As per the Maximize Market research, a global business and consultancy firm,...

by admin
January 27, 2023
Methyl Palmitate Market is expected to grow at a CAGR of 5.2 percent during the forecast period
Press Releases

Methyl Palmitate Market is expected to grow at a CAGR of 5.2 percent during the forecast period

 Methyl Palmitate Market(EMAILWIRE.COM, January 27, 2023 ) As per the Maximize Market research, a global business and consultancy...

by admin
January 27, 2023
Bio-based Polyurethane Foam Market is expected to grow at a CAGR of 5.9 percent during the forecast period.
Press Releases

Bio-based Polyurethane Foam Market is expected to grow at a CAGR of 5.9 percent during the forecast period.

 Bio-based Polyurethane Foam Market(EMAILWIRE.COM, January 27, 2023 ) As per the Maximize Market research, a global business and...

by admin
January 27, 2023
NOWA outlines 16 major achievements of Hajiya Aisha Gambo in 2 Years
Press Releases

NOWA outlines 16 major achievements of Hajiya Aisha Gambo in 2 Years

 Hajiya Nana Aisha Gambo during Outreach at Hausa Quarters in Warri Delta State(EMAILWIRE.COM, January 27, 2023 ) ABUJA,...

by admin
January 27, 2023
Load More

POPULAR POSTS

  • MarketsandMarkets™

    Aircraft Seat Upholstery Market worth $1.8 billion by 2025

    0 shares
    Share 0 Tweet 0
  • PallyCon unveils Robust Distributor Watermarking to Fortify Premium Content in the Distribution Phase

    0 shares
    Share 0 Tweet 0
  • KSA Weekly on Kingdom of Saudi Arabia adds to Arab Newswire Media List Press Release Distribution to MENA Region

    0 shares
    Share 0 Tweet 0
  • Automotive Fuel Tank Market Global Forecast to 2026

    0 shares
    Share 0 Tweet 0
  • Oman cable unveils the Global Sustainability Academy

    0 shares
    Share 0 Tweet 0

GCCWIRE™ provides press release distribution services for businesses, organizations and other entities with the need to reach media outlets in member countries of Gulf Corporation Council (GCC) and Middle east and North Africa. Submit press release or contact us today.

Browse By Category

News
Bahrain
Kuwait
Omar
Qatar
KSA
UAE

Recent News

Recent Posts
  • UK’s Hunt pledges to boost growth but won’t budge on tax hikes
  • Qatar Airways Up To 25% Off “Thank You Offer” (Book By April 9)
  • As Covid-19 Protocol Continues to Define International Travel from Nigeria – THISDAY Newspapers
  • UK has some concerns over US green subsidy act, Hunt says

Our Newsletter

    Gccwire is part of GroupWeb Media Network. @ 2023 GroupWeb Media LLC

    No Result
    View All Result
    • Home
    • News
      • Press Releases
    • Bahrain
    • Kuwait
    • Oman
    • Qatar
    • KSA
    • UAE
    • About Us
      • Press Release Distribution Services
      • Submit Press Release
      • Contact Us

    Gccwire is part of GroupWeb Media Network. @2023 GroupWeb Media LLC