Global Butterfly Valves Market Report and Forecast 2024-2032

Global Butterfly Valves Market Outlook

The global butterfly valves market is like to expand at a CAGR of 4.1% during 2024-2032. Butterfly valves are commonly used in processes warranting more enduring valves with distinct features. Butterfly valves display high corrosion-resistance and light weight, making them superior alternatives to metal valves in many aspects; butterfly valves also have longer lives, are economical, and have lesser environmental impact. Applications include food processing, refineries, shut-off valves, ship building, and others. North America, Asia and Europe are likely to be major markets. 

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Global Market Expected to be Driven by Applications Across Industries and Advantages Afforded

Butterfly valves were originally employed where it was not very essential to have a tight closure. However, over time, butterfly valves came to be produced with reasonably tight seals made of elastomeric material or rubber to offer good shut off like that offered by other kinds of valves. Butterfly valves are employed where there is limited space. Butterfly valves, unlike gate valves, are capable of being employed for controlling flow or throttling in completely open and closed positions. Further, butterfly valves offer smaller pressure loss as compared to the gate valve. Butterfly valves are also less expensive than gate valves due to the fact that these valves need less civil works and less material. These valves are also easier to operate when water pressures are unbalanced. 

Different types of valves in the butterfly valves market include lug style, wafer style, welded, flanged, metal, lined,  zero offset, triple offset, and double offset.

Advantages of Butterfly Valves Expected to Contribute to Market Growth

Advantages of butterfly valves include superior start, stop and regulation of flow; availability of a broad size range; suited to use with liquids and slurries with suspended solids; simple design; lightweight; less required installation space; easy installation; reduced installation time and cost; lower maintenance costs; fast-acting; may be used with corrosive substances and chemicals.

Applications in Diverse Industries Likely to Boost Market Growth

Butterfly valves are employed in several and varied industries and applications. Significant domains for the butterfly valves market include chemical and oil, pharmaceutical, water supply, food, fire protection, wastewater treatment, fuel handling, gas supply, and sanitary fittings. In pipelines, butterfly valves are employed as control to shut off water flow. Stainless steel butterfly valves are suited for use in corrosive and marine environmental applications. 

Leading Companies Offering Modern Solutions Expected to Drive Market Growth

In 2022, Butterfly Valve 565 by GF Piping Systems became the first industrial butterfly valve to obtain Environmental Product Declaration (EPD) in the butterfly valves market. The plastic valve was nearly maintenance-free and displayed high corrosion-resistance; the solution further offered a longer service life and substantial environmental benefits.

 
In 2021, Neles introduced an all-round butterfly valve range that offered better process performance with minimal environmental impact. The product range allowed easy valve configuration across a wide range of applications in process industries. 

Market Segmentation

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By product type, the market is segmented into:

• Plastic Lined

• Rubber Lined

• Metal Lined

By material type, the butterfly valves market is classified into:

• Cast Iron

• Stainless Steel

• Aluminium

• Others

By design, the market is divided into: 

• Single-Eccentric 

• Centric 

• Triple-Eccentric

• Double-Eccentric 

By function, the market is segmented into: 

• Control Valve

• On/Off Valve

By end use, the market is classified into: 

• Water and Wastewater

• Oil and Gas

• Chemical

• Power Generation

• Others

By region, the market is divided into: 

• North America

• Middle East and Africa

• Asia Pacific

• Europe

• Latin America

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Key Industry Players in the Market  

The report offers a comprehensive assessment of major players in the global butterfly valves market, evaluating their capacity, and observing newest developments like plant turnarounds, mergers and acquisitions, and capacity expansions; key players include

• Emerson Electric Co.

• Schlumberger Limited

• L&T Valves Limited

• The Weir Group PLC

• Hobbs Valve Limited

• Velan Inc.

• Dembla Valves Ltd.

• Bray International, Inc.

• Others

Through SWOT analysis and Porter’s Five Forces model, the EMR report offers a deep understanding of the industry. 

Key Highlights of the Report