The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Market Growth Overview

The metal valves market has witnessed robust growth in recent years, demonstrating a notable surge from $287.78 billion in 2023 to a projected $304.07 billion in 2024, with a Compound Annual Growth Rate (CAGR) of 5.7%. This growth in the historic period is underpinned by key factors such as industrialization, expansion in the oil and gas industry, development of water and wastewater infrastructure, energy production, and the expansion of the manufacturing sector.

Anticipating Steady Growth

The trajectory of growth is expected to continue, with projections indicating a steady climb to $369.05 billion by 2028, maintaining a solid CAGR of 5.0%. This anticipated growth in the forecast period can be attributed to factors such as the green energy transition, adoption of smart and IoT-enabled valves, solutions for water scarcity, adherence to environmental regulations, and ongoing global infrastructure upgrades.

Chemical Industry Expansion as a Catalyst

The metal valves market is set to benefit significantly from the expansion of the chemical industry. Metal valves, including butterfly valves, ball valves, gate valves, check valves, globe valves, plug valves, and actuated valves, play a crucial role in chemical processing. Notably, the American Chemistry Council (ACC) reports a robust chemical industry in the US, anticipating a 2.4% increase in output in 2023, with a 5.5% rise in capital project spending. This expansion in the chemical industry is expected to be a driving force for the growth of the metal valves market.

Industry Giants and Market Landscape

Major players shaping the metal valves market include Parker-Hannifin Corporation, Emerson Electric Co, IMI PLC, Atlas Copco AB, and others. These industry giants contribute significantly to market dynamics and innovation.

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https://www.thebusinessresearchcompany.com/report/metal-valve-global-market-report

Revolutionizing with 3D-Printed Innovations

Innovation is at the forefront of the metal valves market, with companies introducing cutting-edge products such as 3D-printed valves. This groundbreaking technology allows for the creation of functional valves using 3D printing, enabling the control of air or water. An example of this innovation is the certification of a 3D-printed valve by Bonney Forge, using stainless steel alloy UNS S31603, acknowledged by Shell. This technological advancement enables the manufacturing of complex geometries and customized designs that were previously impractical.

Market Segmentation for In-Depth Insights

Understanding the nuances of the metal valves market requires a look at its segmentation:

• Type: Industrial Valve, Fluid Power Valve and Hose Fitting, Plumbing Fixture Fitting and Trim, Other Metal Valve and Pipe Fitting
• Product: Pressure Reducing Valves, Safety/Relief Valves, Control Valves, Globe Valves, Plug Valves, Gate Valves, Ball Valves, Butterfly Valves, Diaphragm Valves, Other Products
• End User Industry: Chemicals, Marine, Construction, Mining, Oil and Gas, Other End User Industries

Regional Leadership: Asia-Pacific Takes the Helm

In 2023, the Asia-Pacific region emerged as the largest contributor to the metal valve market. This regional dominance underscores the evolving landscape of industrial and infrastructural development.

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The Metal Valve Global Market Report 2023  provides an overview of the metal valve market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The metal valve market forecast analyzes metal valve market size, metal valve market share, leading competitor and their market positions.

The Table Of Content For The Metal Valve Market Include:
1. Metal Valve Market Executive Summary
2. Metal Valve Market Segments
3. Metal Valve Market Size And Metal Valve Market Growth Rate
4. Key Metal Valve Market Trends
5. Major Metal Valve Market Drivers
……
25. Key Mergers And Acquisitions In The Metal Valve Market
26. Top Metal Valve Companies
27. Metal Valve Market Opportunities And Strategies
28. Metal Valve Market, Conclusions And Recommendations
29. Appendix

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