Stainless Steel Control Valves Market: Projection of Each Major Segment over the Forecast Period

Albany, NY — (PRESS RELEASE JET) — 10/25/2017 — With the existence of a large number of producers of stainless steel control valves, the global stainless steel control valves market is highly fragmented, reports Transparency Market Research in a new study. As a result of this, the competitive rivalry among the players operating in the global stainless steel control valves market is anticipated to stay high in the coming years. Although the number of established players is relatively small, the large companies with better price structure are likely to benefit more from the present market scenario. The top four players in the global stainless steel control valves market, Pentair Plc., Flowserve Corporation, Emerson Electric Co., and General Electric, Co., held a share of approximately 7.4% in 2014.

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The leading producers of stainless steel control valves are focusing on implementing diverse strategies to provide better services to end-users in various geographies. Such diversifications will enable companies to handle economic fluctuations along with business expansion. Many companies are streamlining their businesses by consolidating their divisions.

According to a TMR analyst, “The chemical industry in Asia Pacific is growing steadily due to the decreasing prices of crude oil.” As the raw materials used in the chemical industry are derived from crude oil, the manufacturing process in the chemical industry has taken a surge. Due to the growth of the chemical industry in Asia Pacific, there is an upsurge in the demand for stainless steel control valves in the region. For instance, the chemical industry in India is rising as it aims to become self-sufficient in the production of polyethylene. The increasing chemical production activities across Asia Pacific is likely to boost the sales of stainless steel control valves as they form a crucial part of the manufacturing unit.

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The rapid growth in the semiconductor and electronics manufacturing industry is also expected to positively impact the sales of stainless steel control valves.

Industry verticals such as semiconductor manufacturing, food packaging, and pharmaceutical industries are shifting their focus towards the application of polyvinylidene fluoride control valves. As PVDF can withstand a temperature variation between -40C and 100c, it is considered to be more cost effective than stainless steel control valves. PVDF is also chemically more inert. As a result of this, the PVDF control valves are expected to hinder the sales of stainless steel control valves. However, it is expected that PVDF will not completely replace stainless steel control valves as numerous industry verticals are still opting for the latter over PVDF control valves.

With the increasing popularity of HVAC systems across the globe, the manufacturers of stainless steel control valves are likely to gain lucrative opportunities from the increasing application of stainless steel control valves in this industry. Control valves are used in HVAC systems for the regulation of fluid during the control process. Stainless steel control valves are used for preparing the plug, stem, and seat. Thus, the growth of the HVAC systems is expected to provide future growth prospects to the manufacturers of stainless steel control valves.

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The global stainless steel market is thus projected to expand at a 5.0% CAGR between 2014 and 2023. In 2014 the market was worth US$240.0 mn and is likely to touch a valuation of US$371.6 mn by 2023. Asia Pacific is anticipated to emerge as the largest region in terms of consumption with a market value of US$161.6 mn in 2023. The power generation industry is projected to reach a market worth US$72.6 mn by 2023 emerging as the largest end-use industry.

The review is based on the findings of a TMR report titled, “Stainless Steel Control Valves Market – Global Forecast, Market Share, Size, Growth and Industry Analysis, 2015 – 2023.”

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About the Author: Carrie Brunner

Carrie Brunner grew up in a small town in northern New Brunswick. She studied chemistry in college, graduated, and married her husband one month later. They were then blessed with two baby boys within the first four years of marriage. Having babies gave their family a desire to return to the old paths – to nourish their family with traditional, homegrown foods; rid their home of toxic chemicals and petroleum products; and give their boys a chance to know a simple, sustainable way of life. They are currently building a homestead from scratch on two little acres in central Texas. There’s a lot to be done to become somewhat self-sufficient, but they are debt-free and get to spend their days living this simple, good life together with their five young children. Carrie writes mostly on provincial stories.
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