PVC Ball Valves Market Size, Share, Growth, and Industry Analysis, By Type (Two-way, Three-way, MIP (Molded In Place) and Others), By Application (Irrigation, Chemical Industry, water Treatment and Others), Regional Insights, and Forecast To 2032

Updated On: 08 April 2024

PVC BALL VALVES MARKET REPORT OVERVIEW

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global PVC ball valves market size was USD 195.22 million in 2021 and market is projected to touch USD 342.66 million by 2032 at CAGR 5.25% during the forecast period.

PVC ball valves are a type of spherical closure device that allows for flow control on and off. Ball valves with two ways are said to be the most widely used and prevalent kind. Ball valves are used in a variety of industries, including the oil and gas industry, aerospace and defense, and between them, according to the worldwide ball valve market. PVC ball valves are frequently used to regulate the flow of liquids in a variety of industries. These valves are renowned for their dependability, affordability, and resistance to corrosion.

COVID-19 Impact: Pandemic Hoist Operational Challenges and Project Delays to Cease the Market Growth

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

Operations at manufacturing plants have to deal with issues including labor shortages, social distancing laws, and health and safety regulations. These elements affected the efficiency and capacity of manufacturing. The pandemic caused significant delays or cancellations to several infrastructure and building projects, which had an effect on the installation and application of PVC ball valves in these projects.

LATEST TRENDS

"Extensive Automation In Monitoring the Industrial Equipments to Ensure an Increased Market Growth"

Over the past ten years, plastic valves have grown in popularity, and this trend will continue in the upcoming year. End users' demand for plastic valves is driven by factors such as increased automation, new product releases, better characteristics, and an increasing requirement for a linked network to monitor industrial equipment. The plastic valve is the preferred option in a wide range of applications due to its numerous advantages. When compared to metal valves, plastic valves have superior qualities. Plastic valves are used in place of metal ones because they are less costly, lightweight, abrasion-resistant, and non-corrosive. In addition, plastic valves feature low pressure losses, extended lifespans, excellent sealing qualities, ease of opening and closing, and little space requirements. Plastic valves are being used in more industries for technical purposes.

PVC BALL VALVES MARKET SEGMENTATION

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• By Type

Based on type the global market can be categorized into Two-way, Three-way, MIP (Molded In Place) and others.

There are several varieties of PVC ball valves, each with a distinct purpose and functioning in mind. Applications for two-way PVC ball valves are many and include chemical handling, industrial operations, irrigation, and water supply systems. In situations when fluid mixing or diversion is necessary, three-way valves are employed. Water treatment, HVAC systems, and chemical processing are common uses. MIP. PVC ball valves are frequently utilized in industrial operations, irrigation systems, and water distribution systems—applications where a dependable, leak-free seal is essential. To satisfy the unique requirements of many industries and applications, these kinds of PVC ball valves are offered in a range of sizes and configurations.

• By Application

Based on application the global market can be categorized into irrigation, chemical industry, water treatment and others.

Over the course of the forecast period, rising demand for plastic goods across a number of industries, including oil and gas, chemicals, power generation, and healthcare, is expected to propel growth. PVC ball valves are used in a variety of sectors, including irrigation, chemical processing, water treatment, and agriculture. The state of these industries as a whole frequently affects the demand for these valves. PVC ball valves are becoming more and more in demand for applications involving water treatment. Water treatment operations now require more robust and dependable valves as water shortage becomes a more urgent worldwide concern.

DRIVING FACTORS

"Rising Industrialization in the Developing Economies to Ablaze the Market Sales"

The need for ball valves is increasing along with the demand for industrialization in developing nations. The global market for ball valves is predicted to develop as a result of this aspect. The idea of the Internet of Things (IoT) for personalized products has surfaced recently. The market for ball valves is dominated by the energy and electricity industry. The International Energy Agency states that nations like China are steadily modernizing their electrical infrastructure and making investments in electrification, which is expected to improve the ball valve market's prospects for growth on a worldwide scale. Ball valves are essential to the management and functioning of several renewable energy processes, hence market demand is anticipated to increase over the course of the projected period.

"Applications in the Construction Activities and Water Treatment to Hasten Up  the Market Growth"

PVC ball valve demand has been driven by the growing requirement for water treatment and management. Water treatment facilities, wastewater treatment systems, and other applications involving the effective management of water resources all make use of these valves. The need for PVC ball valves in the infrastructure and construction industries is one of the main motivators. Plumbing, water distribution, and other industrial applications related to construction projects are just a few of the many uses for these valves.

RESTRAINING FACTORS

"UV Sensitivity and Fire Resistance to Impede the Market Growth"

The temperature resistance of PVC is lower than that of certain other materials. PVC ball valves may degrade, distort, and function less well under high temperatures. Utilizing them within their designated temperature range is crucial. Due of its sensitivity to ultraviolet (UV) radiation, PVC may eventually degrade and become discolored. PVC ball valves may become brittle and lose their mechanical strength if they are exposed to extended sunshine or UV radiation. PVC is not naturally fireproof. PVC has the potential to generate harmful fumes during a fire, and the substance itself could encourage the flames to spread. Consideration should be given to alternate materials for situations where fire resistance is a crucial requirement. Henceforth, the PVC ball valves market growth restraints are its feebleness towards UV, high temprature and fire resistance.

PVC BALL VALVES MARKET REGIONAL INSIGHTS

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"Asia Pacific to Dominate the Market Substantial Coal, Ore and Various Mineral Resources"

Asia Pacific held the largest PVC ball valves market share of more than quarter in the projected timeframe in terms of value. Organizations operating in the Asia-Pacific area enjoy a competitive advantage in the market thanks to the region's well-established electronics sector and adoption of cutting-edge technology. Regional demand for ball valves is being driven by rising urbanization and fast industrialization in emerging economies like South Korea and China. With the growing population and government demands for higher-quality products and more reliable power, energy infrastructure investments are booming in Asia-Pacific. These factors are also fueling the industry's expansion.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market through Innovation and Market Expansion"

Important industry players have a big impact on the market and are crucial in determining customer preferences and market dynamics. These major firms provide consumers easy access to a vast array of clothing alternatives through their huge retail networks and online platforms. Product adoption has increased as a result of their strong worldwide presence and well-known brand, which has also enhanced consumer trust and loyalty. These industry titans also consistently fund R&D, bringing cutting-edge designs, materials, and clever features to PVC ball valves  to meet changing customer demands and preferences. These big businesses' combined efforts have a big impact on the market's future direction and level of competition.

List of Market Players Profiled

• SAFI Valves (U.K.)
• Asahi/America (U.S.)
• NIBCO (U.S.)
• Zhejiang Xier Plastic Valve Lead (China)
• Ningbo Baodi Plastic Valve (China)
• GF Piping Systems (Switzerland)
• Gemu Group (Germany)
• Comer S.p.A. (Italy).

INDUSTRIAL DEVELOPMENT

• November 2023: Georg Fischer GF Piping Systems, GF Uponor, GF Casting Solutions, and GF Machining Solutions are the four divisions that make up GF. Lightweight casting components, high-precision production technology, and secure transportation of gases and liquids are all provided by GF.

REPORT COVERAGE

The report includes a thorough SWOT analysis and offers predictions for market growth in the future. It explores a broad range of market categories and possible applications that might have an impact on the market's trajectory in the upcoming years, as well as key aspects that contribute to the market's growth. The research provides a comprehensive overview of the market's components and identifies possible growth opportunities by taking into account both historical turning points and present trends.