Persistence Market Research estimates that by the end of 2021, the global plastic valves market would have grown to US$ 2.2 billion. Plastic valve demand is anticipated to grow at a respectable CAGR of 5.6% from 2022 to 2032, reaching US$ 3.96 billion by that time.
At the end of 2021, the top 4 producers of plastic valves in the world held a 42% market share. 3.4% of the global market for industrial valves is made up of sales of plastic valves.
The plastic valves market is experiencing significant expansion as industries across various sectors embrace lightweight, durable, and cost-effective solutions for fluid and gas control. With a growing demand for reliable and efficient valve systems, the market for plastic valves has witnessed a notable increase, offering a wide range of options to cater to diverse industry requirements.
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One of the key drivers behind the market’s expansion is the inherent advantages of plastic valves over traditional metal valves. Plastic valves are known for their lightweight nature, making them easier to handle, install, and maintain. Additionally, they exhibit excellent resistance to corrosion, chemicals, and extreme temperatures, ensuring long-lasting durability in various operating conditions. These features make plastic valves an attractive choice for industries seeking reliable and low-maintenance solutions.
Furthermore, the market growth can be attributed to the cost-effectiveness of plastic valves. Compared to metal valves, plastic valves are generally more affordable, offering cost savings in both procurement and installation. Additionally, the lightweight nature of plastic valves reduces transportation costs and makes them suitable for applications where weight restrictions are a concern. Industries, such as water treatment, chemical processing, and pharmaceuticals, are increasingly opting for plastic valves to achieve cost-efficiency without compromising performance.
The versatility of plastic valves is also contributing to the market’s expansion. Manufacturers are developing a wide array of plastic valves, including ball valves, butterfly valves, diaphragm valves, and check valves, catering to diverse industrial applications. With advancements in plastic manufacturing technologies, these valves can withstand high pressures, offer precise control, and ensure leak-free performance. The ability of plastic valves to meet specific industry requirements while offering ease of installation and maintenance makes them a preferred choice across various sectors.
As industries continue to embrace lightweight, durable, and cost-effective solutions, the plastic valves market is poised for continued expansion. Market players are investing in research and development to introduce innovative valves that combine superior performance, reliability, and sustainability. The market’s expansion is driven by the increasing demand for plastic valves that offer efficient fluid and gas control while meeting industry-specific needs.
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In conclusion, the plastic valves market is witnessing significant expansion as industries adopt lightweight, durable, and cost-effective solutions for fluid and gas control. With advantages such as lightweight construction, durability, and affordability, plastic valves provide reliable options for various industries. As the demand for efficient and economical valve systems grows, the market is expected to continue its upward trajectory, offering a wide range of plastic valve solutions to meet industry requirements.
Companies Covered in This Report –
- GF Piping
- Parker-Hannifin co.
- Emerson Electric Co.
- Watts water technologies, inc.
- ASAHI YUKIZAI
- CIRCOR International, Inc.
- Flowserve Corporation
- KITZ Corporation
- Hayward Holding, Inc.
- Techno Plastic Industry LLC
- Safi Thermoplastics Valves Solutions
- AVK International A/S
- American valve, Inc.
- Process Development & Control LLC
- Valtorc International Inc.
- MVS Valves
- Colonial Engineering Inc.
- Ipex Inc.
- The Specialty Mfg. Co
- Zhejing Xier Plastic Valve lead Co.
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Plastic Valves Industry Research by Category
Plastic Valves Market by Valve Material:
- Polyvinyl Chloride
- Chlorinated Polyvinyl Chloride
- Polypropylene
- Others
Plastic Valves Market by Valve Type:
- Ball Valves
- Butterfly Valves
- Check Valves
- Gate Valves
- Globe Valves
- Others
Plastic Valves Market by Actuation:
- Manual Valves
- Pneumatic Valves
- Electric Valves
Plastic Valves Market by End Use:
- Industrial
- Commercial & Infrastructural
- Residential
- Agricultural
- Municipal
Plastic Valves Market by Region:
- North America Plastic Valves Market
- Latin America Plastic Valves Market
- Europe Plastic Valves Market
- East Asia Plastic Valves Market
- South Asia & Pacific Plastic Valves Market
- Middle East & Africa Plastic Valves Market
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