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Butterfly Valve Market Report by Product Type (Rubber Lined Butterfly Valve, Plastic Lined Butterfly Valve, Metal Lined Butterfly Valve), Material Type (Stainless Steel, Cast Iron, Aluminium, and Others), Design (Centric Butterfly Valve, Single-Eccentric Butterfly Valve, Double-Eccentric Butterfly Valve, Triple-Eccentric Butterfly Valve), Function (On/Off Valve, Control Valve), End-Use Industry (Oil and Gas Industry, Water and Wastewater Industry, Power Generation Industry, Chemical Industry, and Others), and Region 2024-2032
Market Report I 2024-04-08 I 137 Pages I IMARC Group
The global butterfly valve market size reached US$ 11.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 16.3 Billion by 2032, exhibiting a growth rate (CAGR) of 4.3% during 2024-2032.
A butterfly valve is a quarter-turn rotational shut-off valve that is used to start, regulate and stop the flow of gases or fluids through a pipe. It consists of two semi-circular plates hinged at the center along with a seal, stem, disc and an actuator, which can be operated through handles and gears. The device is economical, highly reliable and requires low maintenance, and is crucial in several applications across water supply and treatment plants, chemical industry, oil and gas industry, power generation systems, etc.
Market Trends
Growing industrialization, along with the rising trend of automation in the oil and gas industry, is among the key factors driving the growth of the market. Butterfly valves are extensively used in the extraction of crude oil and gas from refineries, oil terminals and depots. They are also utilized to enhance the operational efficiency of the industrial production process. Furthermore, increasing investments for power generation in developing nations are also expected to catalyze the market growth. The development of smart cities, which have high energy utilization, has also accelerated the adoption rate of the product. Additionally, there is a growing demand for stainless steel variants which can withstand high pressure and are maintenance-free. They are compact in size, lightweight and have low operational costs, owing to which they are widely used in paper and pulp production, fuel handling, air conditioning and refrigeration systems. Other factors, including the production of butterfly valves using 3D printing technology and the incorporation of Industrial Internet of Things (IIoT) for performance enhancements, are projected to drive the butterfly valve market growth further.
IMARC Group's latest report provides a deep insight into the global butterfly valve market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter's five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the butterfly valve industry in any manner.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global butterfly valve market report, along with forecasts at the global and regional level from 2024-2032. Our report has categorized the market based on product type, material type, design, function and end-use industry.
Breakup by Product Type:
Rubber Lined Butterfly Valve
Plastic Lined Butterfly Valve
Metal Lined Butterfly Valve
Breakup by Material Type:
Stainless Steel
Cast Iron
Aluminium
Others
Breakup by Design:
Centric Butterfly Valve
Single-Eccentric Butterfly Valve
Double-Eccentric Butterfly Valve
Triple-Eccentric Butterfly Valve
Breakup by Function:
On/Off Valve
Control Valve
Breakup by End-Use Industry:
Oil and Gas Industry
Water and Wastewater Industry
Power Generation Industry
Chemical Industry
Others
Regional Insights:
Asia Pacific
Europe
North America
Middle East and Africa
Latin America
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Alfa Laval Corporate AB, Curtiss-Wright Corporation, Flowserve Corporation, Emerson Electric Co., Pentair PLC, Weir Group PLC, AVK Group A/S, Crane Company, Schlumberger Limited, Velan, Inc., KSB SE & Co. KGaA and Honeywell International Inc.
Key Questions Answered in This Report:
How has the global butterfly valve market performed so far and how will it perform in the coming years?
What are the key regional markets in the global butterfly valve industry?
What has been the impact of COVID-19 on the global butterfly valve market?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the material type?
What is the breakup of the market based on the design?
What is the breakup of the market based on the function?
What is the breakup of the market based on the end-use industry?
What are the various stages in the value chain of the global butterfly valve industry?
What are the key driving factors and challenges in the global butterfly valve industry?
What is the structure of the global butterfly valve industry and who are the key players?
What is the degree of competition in the global butterfly valve industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Butterfly Valve Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Product Type
5.5 Market Breakup by Material Type
5.6 Market Breakup by Design
5.7 Market Breakup by Function
5.8 Market Breakup by End-Use Industry
5.9 Market Breakup by Region
5.10 Market Forecast
6 SWOT Analysis
6.1 Overview
6.2 Strengths
6.3 Weaknesses
6.4 Opportunities
6.5 Threats
7 Value Chain Analysis
8 Porter's Five Forces Analysis
8.1 Overview
8.2 Bargaining Power of Buyers
8.3 Bargaining Power of Suppliers
8.4 Degree of Competition
8.5 Threat of New Entrants
8.6 Threat of Substitutes
9 Market Breakup by Product Type
9.1 Rubber Lined Butterfly Valve
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Plastic Lined Butterfly Valve
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Metal Lined Butterfly Valve
9.3.1 Market Trends
9.3.2 Market Forecast
10 Market Breakup by Material Type
10.1 Stainless Steel
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Cast Iron
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Aluminium
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Others
10.4.1 Market Trends
10.4.2 Market Forecast
11 Market Breakup by Design
11.1 Centric Butterfly Valve
11.1.1 Market Trends
11.1.2 Market Forecast
11.2 Single-Eccentric Butterfly Valve
11.2.1 Market Trends
11.2.2 Market Forecast
11.3 Double-Eccentric Butterfly Valve
11.3.1 Market Trends
11.3.2 Market Forecast
11.4 Triple-Eccentric Butterfly Valve
11.4.1 Market Trends
11.4.2 Market Forecast
12 Market Breakup by Function
12.1 On/Off Valve
12.1.1 Market Trends
12.1.2 Market Forecast
12.2 Control Valve
12.2.1 Market Trends
12.2.2 Market Forecast
13 Market Breakup by End-Use Industry
13.1 Oil and Gas Industry
13.1.1 Market Trends
13.1.2 Market Forecast
13.2 Water and Wastewater Industry
13.2.1 Market Trends
13.2.2 Market Forecast
13.3 Power Generation Industry
13.3.1 Market Trends
13.3.2 Market Forecast
13.4 Chemical Industry
13.4.1 Market Trends
13.4.2 Market Forecast
13.5 Others
13.5.1 Market Trends
13.5.2 Market Forecast
14 Market Breakup by Region
14.1 Asia Pacific
14.1.1 Market Trends
14.1.2 Market Forecast
14.2 Europe
14.2.1 Market Trends
14.2.2 Market Forecast
14.3 North America
14.3.1 Market Trends
14.3.2 Market Forecast
14.4 Middle East and Africa
14.4.1 Market Trends
14.4.2 Market Forecast
14.5 Latin America
14.5.1 Market Trends
14.5.2 Market Forecast
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Alfa Laval Corporate AB
15.3.2 Curtiss-Wright Corporation
15.3.3 Flowserve Corporation
15.3.4 Emerson Electric Co.
15.3.5 Pentair PLC
15.3.6 Weir Group PLC
15.3.7 AVK Group A/S
15.3.8 Crane Company
15.3.9 Schlumberger Limited
15.3.10 Velan, Inc.
15.3.11 KSB SE & Co. KGaA
15.3.12 Honeywell International Inc.
Figure 1: Global: Butterfly Valve Market: Major Drivers and Challenges
Figure 2: Global: Butterfly Valve Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Butterfly Valve Market: Breakup by Product Type (in %), 2023
Figure 4: Global: Butterfly Valve Market: Breakup by Material Type (in %), 2023
Figure 5: Global: Butterfly Valve Market: Breakup by Design (in %), 2023
Figure 6: Global: Butterfly Valve Market: Breakup by Function (in %), 2023
Figure 7: Global: Butterfly Valve Market: Breakup by End-Use Industry (in %), 2023
Figure 8: Global: Butterfly Valve Market: Breakup by Region (in %), 2023
Figure 9: Global: Butterfly Valve Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 10: Global: Butterfly Valve Industry: SWOT Analysis
Figure 11: Global: Butterfly Valve Industry: Value Chain Analysis
Figure 12: Global: Butterfly Valve Industry: Porter's Five Forces Analysis
Figure 13: Global: Butterfly Valve (Rubber Lined) Market: Sales Value (in Million US$), 2018 & 2023
Figure 14: Global: Butterfly Valve (Rubber Lined) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: Global: Butterfly Valve (Plastic Lined) Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: Global: Butterfly Valve (Plastic Lined) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: Global: Butterfly Valve (Metal Lined) Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: Global: Butterfly Valve (Metal Lined) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: Global: Butterfly Valve (Stainless Steel) Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: Global: Butterfly Valve (Stainless Steel) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 21: Global: Butterfly Valve (Cast Iron) Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: Global: Butterfly Valve (Cast Iron) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: Global: Butterfly Valve (Aluminium) Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: Global: Butterfly Valve (Aluminium) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: Global: Butterfly Valve (Other Material Types) Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: Global: Butterfly Valve (Other Material Types) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: Global: Butterfly Valve (Centric) Market: Sales Value (in Million US$), 2018 & 2023
Figure 28: Global: Butterfly Valve (Centric) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: Global: Butterfly Valve (Single-Eccentric) Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: Global: Butterfly Valve (Single-Eccentric) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: Global: Butterfly Valve (Double-Eccentric) Market: Sales Value (in Million US$), 2018 & 2023
Figure 32: Global: Butterfly Valve (Double-Eccentric) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 33: Global: Butterfly Valve (Triple-Eccentric) Market: Sales Value (in Million US$), 2018 & 2023
Figure 34: Global: Butterfly Valve (Triple-Eccentric) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 35: Global: Butterfly Valve (On/Off Valve) Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: Global: Butterfly Valve (On/Off Valve) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: Global: Butterfly Valve (Control Valve) Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: Global: Butterfly Valve (Control Valve) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: Global: Butterfly Valve (Oil and Gas Industry) Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: Global: Butterfly Valve (Oil and Gas Industry) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: Global: Butterfly Valve (Water and Wastewater Industry) Market: Sales Value (in Million US$), 2018 & 2023
Figure 42: Global: Butterfly Valve (Water and Wastewater Industry) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 43: Global: Butterfly Valve (Power Generation Industry) Market: Sales Value (in Million US$), 2018 & 2023
Figure 44: Global: Butterfly Valve (Power Generation Industry) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 45: Global: Butterfly Valve (Chemical Industry) Market: Sales Value (in Million US$), 2018 & 2023
Figure 46: Global: Butterfly Valve (Chemical Industry) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: Global: Butterfly Valve (Other End-Use Industries) Market: Sales Value (in Million US$), 2018 & 2023
Figure 48: Global: Butterfly Valve (Other End-Use Industries) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 49: Asia Pacific: Butterfly Valve Market: Sales Value (in Million US$), 2018 & 2023
Figure 50: Asia Pacific: Butterfly Valve Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 51: Europe: Butterfly Valve Market: Sales Value (in Million US$), 2018 & 2023
Figure 52: Europe: Butterfly Valve Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 53: North America: Butterfly Valve Market: Sales Value (in Million US$), 2018 & 2023
Figure 54: North America: Butterfly Valve Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 55: Middle East and Africa: Butterfly Valve Market: Sales Value (in Million US$), 2018 & 2023
Figure 56: Middle East and Africa: Butterfly Valve Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: Latin America: Butterfly Valve Market: Sales Value (in Million US$), 2018 & 2023
Figure 58: Latin America: Butterfly Valve Market Forecast: Sales Value (in Million US$), 2024-2032
Table 1: Global: Butterfly Valve Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Butterfly Valve Market Forecast: Breakup by Product Type (in Million US$), 2024-2032
Table 3: Global: Butterfly Valve Market Forecast: Breakup by Material Type (in Million US$), 2024-2032
Table 4: Global: Butterfly Valve Market Forecast: Breakup by Design (in Million US$), 2024-2032
Table 5: Global: Butterfly Valve Market Forecast: Breakup by Function (in Million US$), 2024-2032
Table 6: Global: Butterfly Valve Market Forecast: Breakup by End-Use Industry (in Million US$), 2024-2032
Table 7: Global: Butterfly Valve Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 8: Global: Butterfly Valve Market Structure
Table 9: Global: Butterfly Valve Market: Key Players
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