Thermoplastic Butterfly Valves Market Size, Share, Growth, and Industry Analysis, By Type (PVC, PP, PVDF and Others), By Application (Water Treatment, Oil and Gas, Power Generation, Chemical and Others) and Regional Forecast to 2031

Updated On: 29 April 2024

THERMOPLASTIC BUTTERFLY VALVES MARKET REPORT OVERVIEW

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The global thermoplastic butterfly valves market size was USD 208.9 million in 2022 and the market is projected to touch USD 268.9 million by 2028, exhibiting a CAGR of 4.3% during the forecast period.

 Thermoplastic butterfly valves are a type of industrial valve used to control the flow of fluids (liquids or gases) within a piping system. These valves are called "thermoplastic" because they are constructed from thermoplastic materials, which are known for their ability to soften and become pliable when heated and then harden again when cooled. Common thermoplastic materials used for butterfly valves include PVC (polyvinyl chloride), CPVC (chlorinated polyvinyl chloride), PP (polypropylene), and PVDF (polyvinylidene fluoride).

The valve has a disc or "butterfly" that rotates on a spindle to control the flow of the fluid. When the disc is parallel to the flow direction, it allows for full flow, and when it's perpendicular, it shuts off the flow. Thermoplastic materials are highly resistant to corrosion and are often chosen for applications where the fluid being conveyed is corrosive in nature. Thermoplastic butterfly valves are typically lighter than their metal counterparts, making them easier to install and handle. These valves are often more cost-effective than metal valves, making them a preferred choice for certain applications.

COVID-19 Impact: Reduced Demand in Certain Industries to Hinder 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.

Many manufacturers of industrial components, including thermoplastic materials and valve components, experienced disruptions in their supply chains due to lockdowns, factory closures, and transportation restrictions. This could have led to delays in production and delivery of thermoplastic valves. Some industries that heavily rely on thermoplastic valves, such as oil and gas or certain manufacturing sectors, saw reduced demand due to lockdowns and economic slowdowns. This decreased demand could have impacted valve manufacturers. The pandemic increased the demand for products used in sanitary and healthcare applications. Some thermoplastic valves may have seen increased demand in industries like pharmaceuticals and biotechnology, where maintaining a sterile environment is crucial.

LATEST TRENDS

"Improved Materials and Seal Technologies to Drive Market Growth"

Thermoplastic valves have been increasingly used in water treatment, wastewater management, and other environmental applications due to their corrosion resistance and cost-effectiveness. Like many industrial components, there has been a growing trend toward incorporating smart technology helping thermoplastic butterfly valves market growth. This includes remote monitoring, control, and data collection for predictive maintenance and improved efficiency. Ongoing research and development in materials science have led to the development of advanced thermoplastic materials and improved sealing technologies, enhancing the performance and durability of these valves.

THERMOPLASTIC BUTTERFLY VALVES MARKET SEGMENTATION

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By Type

Based on type the market can be categorized into PVC, PP, PVDF and Others.

PVC butterfly valves are widely used in a variety of industries, including water and wastewater treatment, chemical processing, and HVAC systems. PVC is often the most commonly used material for thermoplastic butterfly valves due to its versatility, cost-effectiveness, and ease of installation.

By Application

Based on application the market can be categorized into water treatment, oil and gas, power generation, chemical and others.

One of the largest and most critical applications for thermoplastic valves is in the water and wastewater treatment industry. These valves are used to control the flow of water, chemicals, and other fluids in processes such as municipal water treatment, desalination, sewage treatment, and industrial water purification.

DRIVING FACTORS

"Lightweight and Easy Installation to Augment the Market"

Thermoplastic butterfly valves are known for their excellent resistance to corrosion. This makes them ideal for industries where corrosive materials or aggressive chemicals are handled, such as chemical processing, water and wastewater treatment, and the petrochemical industry. Thermoplastic valves are often more cost-effective than their metal counterparts, making them a preferred choice for applications where cost savings are a priority. These valves are lightweight, which makes them easier to handle and install. This can save on installation time and costs.

"Environmental and Regulatory Compliance to Expand the Market"

Thermoplastic valves are suitable for a wide range of industrial applications, including chemical processing, water treatment, food and beverage, pharmaceuticals, and HVAC systems. Many industries are subject to strict environmental regulations, and thermoplastic valves help meet these requirements due to their corrosion resistance and non-toxic properties. High-quality thermoplastic materials and advanced manufacturing techniques have improved the durability and longevity of these valves, reducing maintenance costs. Thermoplastic valves are relatively easy to maintain and repair, which minimizes downtime and operational costs.

RESTRAINING FACTOR

"Pressure Limitations to Potentially Impede Market Growth"

One of the significant limitations of thermoplastic materials is their vulnerability to high temperatures. They can soften or deform at elevated temperatures, making them unsuitable for applications with extreme temperature conditions. Some thermoplastic materials may have pressure limitations, and they may not be suitable for high-pressure applications. Metal valves are often preferred in high-pressure environments. While thermoplastic valves are highly resistant to many chemicals, they may not be compatible with certain aggressive chemicals, solvents, or hydrocarbons. Compatibility issues can limit their use in specific industries.

THERMOPLASTIC BUTTERFLY VALVES MARKET REGIONAL INSIGHTS

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"North America to Dominate the Market due to Strong Industrial Base"

The North America region, has been significant for thermoplastic butterfly valves market share. This can be attributed to several factors, including a strong industrial base, a well-established manufacturing sector, and a high demand for industrial valves in various applications, such as water and wastewater treatment, chemical processing, and HVAC systems. The region has stringent environmental regulations, which drive the demand for valves that are corrosion-resistant and compliant with these standards. Moreover, the chemical industry, along with water and wastewater treatment facilities, has been a major consumer of thermoplastic valves.

KEY INDUSTRY PLAYERS

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

The market is significantly influenced by key industry players that play a pivotal role in driving market dynamics and shaping consumer preferences. These key players possess extensive retail networks and online platforms, providing consumers with easy access to a wide variety of wardrobe options. Their strong global presence and brand recognition have contributed to increased consumer trust and loyalty, driving product adoption. Moreover, these industry giants continually invest in research and development, introducing innovative designs, materials, and smart features, catering to evolving consumer needs and preferences. The collective efforts of these major players significantly impact the competitive landscape and future trajectory of the market.

List of Market Players Profiled

• Cepex (Fluidra) (Spain)
• Asahi Yukizai (Japan)
• Nibco (U.S.)
• Sekisui (Japan)
• Hayward Flow Control (U.S.)

INDUSTRIAL DEVELOPMENT

• October, 2022: In the year 2022, in response to the needs of the public swimming pool, Cepex launches a range of electrically operated butterfly valves with a lower price than we offered so far and keeping the same product quality endorsed by Cepex.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.