Blog

Jun 16, 2023

Lined Valve Market worth $4.1 billion by 2028

CHICAGO, Jan. 3, 2023 /PRNewswire/ -- The global lined valve market size is estimated to be USD 3.4 billion in 2023 and is projected to reach USD 4.1 billion by 2028 at a CAGR of 4.2% according to a

CHICAGO, Jan. 3, 2023 /PRNewswire/ -- The global lined valve market size is estimated to be USD 3.4 billion in 2023 and is projected to reach USD 4.1 billion by 2028 at a CAGR of 4.2% according to a new report by MarketsandMarkets™. The growing necessity for ensuring a sterile environment with utmost purity for processes in the pharmaceutical industry, rising demand for IoT-integrated valves, and stringent regulations for adhering to the process safety regulations established by governments are major factors driving the growth of the lined valve market.

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

Browse in-depth TOC on "Lined Valve Market" 168 – Tables57 – Figures204 – Pages

Based on type, ball valves are expected to register the highest CAGR during the forecast period from 2023 to 2028

In the case of lined ball valves, the thickness of the material helps to protect the valves completely from any chemical corrosion; hence it is considered an excellent choice for applications with a highly corrosive or abrasive environment, such as in chemical and pharmaceutical industries. Other benefits of lined ball valves include low pressure drop and relatively high flow capacity, thereby offering low turbulence to the fluid flow. In addition, lined ball valves are available in a wide variety of materials, making them suitable for the petrochemical and mining sectors.

Based on material, PTFE material is expected to register the highest CAGR during the forecast period from 2023 to 2028

PTFE valves offer a non-sticky texture, thereby ensuring lower friction to the flow of chemicals or fluid passing through them. PTFE lined valves offer effective resistance against corrosion and ensure optimum sealing, thereby preventing leakage. PTFE lined valves are suitable for high-pressure and high-temperature applications, making them a preferred choice across multiple sectors such as food & beverage, petrochemical, pharmaceutical, and chemical.

Based on industry, the pharmaceuticals industry is expected to register the highest CAGR during the forecast period from 2023 to 2028

Advanced tunnel boring machines (TBMs) are now used worldwide for highly efficient drilling through the Earth's crust. Full-face tunnel boring machine (TBM) tunneling has unparalleled advantages over conventional drill-and-blast (D&B) techniques in terms of higher advance rates and lower risk levels in favorable ground conditions. Autonomous haulage has helped mining companies to increase their fleet utilization rates, resulting in increased production.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=199355707

The lined valve market in Asia Pacific is expected to register the highest CAGR during the forecast period from 2023 to 2028

The lined valve market in Asia Pacific is driven by a few fast-growing economies, such as China, Japan, Taiwan, India, and Southeast Asian countries, that are expected to hold growth opportunities for industries such as chemicals, petrochemicals, and the semiconductor industry. In India, the demand for lined valves from the oil & gas industry is due to offshore explorations and the development and expansion of oil and gas pipeline infrastructure. Lined valves are frequently deployed in pipelines, propelling their demand in the upstream and midstream sectors of the oil & gas industry. According to the Japanese government's panel on future investments, there is a need to shift the manufacturing base of high value-added products and other goods manufactured across Southeast Asia to the country. This shift would increase the demand for lined valves for the new facilities in the coming years.

Major companies operating in the lined valve market include Emerson (US), Flowserve Corporation (US), Crane Co. (Sweden), Neles (Finland), KITZ Corporation (Japan), Entegris (US), Samson (Germany), bray International (US), ChemValve-Schmid AG (Switzerland), and EBRO ARMATUREN Gebr. Bröer GmbH (Germany).

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=199355707

Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting

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

Ball Valves Market by Type (Trunnion-mounted, Floating, Rising Stem), Material (Stainless Steel, Cast Iron, Alloy-based), Size, Industry (Oil & Gas, Energy & Power, Water & Wastewater) and Region - Global Forecast to 2027

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.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact: Mr. Aashish MehraMarketsandMarkets™ INC. 630 Dundee RoadSuite 430Northbrook, IL 60062USA: +1-888-600-6441Email: [email protected] Our Web Site: https://www.marketsandmarkets.com/Research Insight: https://www.marketsandmarkets.com/ResearchInsight/lined-valve-market.aspContent Source: https://www.marketsandmarkets.com/PressReleases/lined-valve.asp

Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg

View original content:https://www.prnewswire.com/news-releases/lined-valve-market-worth-4-1-billion-by-2028---exclusive-report-by-marketsandmarkets-301712147.html

SOURCE MarketsandMarkets