Global Butterfly Valve Market Size (2024 - 2029)

The butterfly valve market is anticipated to experience growth driven by increasing automation in process industries, rising demand from the oil and gas sector, and expanding industrialization. The market's expansion is supported by the versatility of butterfly valves in various fluid services and their effectiveness in slurry applications, attributed to their diverse material options, ease of use, and reliable shut-off capabilities. Despite challenges such as limited throttling service and susceptibility to cavitation and choked flow, the market is poised for recovery and growth as global conditions normalize post-COVID-19 disruptions.

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Market Size of Global Butterfly Valve Industry

CAGR
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 5.90 %
Fastest Growing Market Asia-Pacific
Largest Market North America
Market Concentration Medium

Major Players

Global Butterfly Valve Market Major Players

*Disclaimer: Major Players sorted in no particular order

Butterfly Valves Market Analysis

The Global Butterfly Valve Market is expected to grow by registering a CAGR of 5.9% during the forecast period. Factors such as growth in demand for automation in the process industries, increasing demand from the oil & gas industry, and growing industrialization are driving the growth of the studied market.

  • A Butterfly valve can be used in many different fluid services and perform well in slurry applications. The rising demand for Butterfly Valves can be strongly attributed to their availability in various material types, simple operation, and tight shut-off properties.
  • Butterfly Valves are used in many diverse and demanding applications such as oil & gas, air, fire protection, high-temperature & high-pressure services, etc. The Valves are designed for functionality and reliability in many industries like agrochemicals, base, specialty, and fluoro chemical industries.
  • The oil & gas industry is among the most promising sectors for adopting triple offset butterfly valves in various processes. Triple offset valves (TOVs), owing to their heavy-duty nature and ability to withstand demanding conditions, are among the most suitable solution for critical and non-critical upstream oil and gas applications that require positive isolation.
  • Increasing demand for petroleum products across various parts of the world is expected to support the growth of the studied market. For instance, according to OPEC, Saudi Arabia, which is among the leading oil-producing countries in the world, exported about USD 286.5 billion worth of petroleum products in 2021.
  • However, factors such as limited throttling service to low differential pressure, cavitation, and chocked flow that Butterfly valves are prone to may negatively impact the growth of the studied market.
  • A notable impact of COVID-19 has been observed on the studied market. Disruption in the supply chain reduced demand across end-user industries such as oil and gas due to limited exploration and production activities. However, with the condition returning to normalcy, the market is expected to gain traction during the forecast period.

Butterfly Valves Industry Segmentation

The butterfly Valve technology has evolved significantly over the years. These valves are especially well-suited for handling large flows of liquids or gases at relatively low pressures and for handling slurries or liquids with large amounts of suspended solids. The report offers a comprehensive analysis of the latest and historical trends in the butterfly valve market based on various segments. The market is Segmented by Type (High-Performance Butterfly Valve, Lined Butterfly Valve), Design (Concentric Butterfly Valve, Eccentric Butterfly Valve), Function (On/Off Valve, Control Valve), End-User Industry (Oil & Gas, Water & Wastewater, Energy & Power, Pharmaceutical, Chemical), and Geography. The study also offers the impact assessment of COVID-19 on the studied market.

By Type
High Performance Butterfly Valve
Lined Butterfly Valve
By Design
Concentric Butterfly Valve
Eccentric Butterfly Valve
By Function
On/Off Valve
Control Valve
By End-User Industry
Water & Wastewater
Oil & Gas
Energy & Power
Pharmaceutical
Chemical
Others
By Geograhy
North America
Asia Pacific
Europe
Latin America
Middle East & Africa
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Global Butterfly Valve Market Size Summary

The butterfly valve market is poised for significant growth, driven by increasing automation demands in process industries, heightened activity in the oil and gas sector, and broader industrialization trends. Butterfly valves, known for their versatility in fluid services and robust performance in slurry applications, are gaining traction due to their diverse material options, ease of operation, and effective shut-off capabilities. These valves are integral to various applications, including oil and gas, air, fire protection, and high-temperature services, and are designed to meet the functional and reliability needs of industries such as agrochemicals and specialty chemicals. The oil and gas sector, in particular, is a key area for the adoption of triple offset butterfly valves, which are well-suited for both critical and non-critical applications due to their durability and ability to handle extreme conditions.

The market's expansion is further supported by the growing consumption of petroleum products, which is driving investments in pipeline infrastructure and increasing demand for valves. The Asia Pacific region, with its rapid industrial transformation and rising urbanization, is a significant contributor to market growth, as countries like China and India experience increased demand for oil, gas, and water management solutions. The competitive landscape is intensifying, with major players like Emerson Electric Co., Flowserve Corporation, and Alfa Laval Corporate AB actively pursuing both organic and inorganic growth strategies. Recent product innovations, such as Valworx's stainless air-actuated sanitary butterfly valves and Valmet's Neles Q-Disc, highlight the industry's focus on enhancing process efficiency and meeting diverse application needs.

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Global Butterfly Valve Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.2.1 Bargaining Power of Suppliers

      2. 1.2.2 Bargaining Power of Consumers

      3. 1.2.3 Threat of New Entrants

      4. 1.2.4 Threat of Substitute Products

      5. 1.2.5 Intensity of Competitive Rivalry

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Assessment of the Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Type

      1. 2.1.1 High Performance Butterfly Valve

      2. 2.1.2 Lined Butterfly Valve

    2. 2.2 By Design

      1. 2.2.1 Concentric Butterfly Valve

      2. 2.2.2 Eccentric Butterfly Valve

    3. 2.3 By Function

      1. 2.3.1 On/Off Valve

      2. 2.3.2 Control Valve

    4. 2.4 By End-User Industry

      1. 2.4.1 Water & Wastewater

      2. 2.4.2 Oil & Gas

      3. 2.4.3 Energy & Power

      4. 2.4.4 Pharmaceutical

      5. 2.4.5 Chemical

      6. 2.4.6 Others

    5. 2.5 By Geograhy

      1. 2.5.1 North America

      2. 2.5.2 Asia Pacific

      3. 2.5.3 Europe

      4. 2.5.4 Latin America

      5. 2.5.5 Middle East & Africa

Global Butterfly Valve Market Size FAQs

The Global Butterfly Valve Market is projected to register a CAGR of 5.90% during the forecast period (2024-2029)

Emerson Electric Co., Flowserve Corporation, L&T Valves Limited, Alfa Laval Corporate AB and Curtiss-Wright Corporation are the major companies operating in the Global Butterfly Valve Market.

Butterfly Valves Market Report Snapshots

Butterfly Valve Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)