Diaphragm Valve Market to Reach $541,044.7 Thousand by 2032 at 5.6% CAGR

Allied Market Research

Major players in the diaphragm valve industry have focused on business expansion and product launch strategies to gain the maximum share in the market. This further results in consolidation of the diaphragm valve market

PORTLAND, Ore., April 15, 2024 /PRNewswire/ -- Allied Market Research published a report, titled, "Diaphragm Valve Market by Product Type (Weir and Straightway), Material (Cast Iron, Steel, Alloy-based, and Others), and End User (Oil & Power, Water & Wastewater, Chemical, Food & Beverage, and Others): Global Opportunity Analysis and Industry Forecast, 2023-2032." According to the report, the diaphragm valve market was valued at $312,434.6 thousand in 2022, and is projected to reach $541,044.7 thousand by 2032, registering a CAGR of 5.6% from 2023 to 2032.

Prime determinants of growth

The increasing adoption of diaphragm valve across industries, including pharmaceuticals, biotechnology, water treatment, and chemical processing drives the market growth. These valves offer effective control over flow while maintaining sterility, making them indispensable in such industries.

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Report coverage & details:

Report Coverage	Details
Forecast Period	2023–2032
Base Year	2022
Market Size In 2022	$312,434.6 Thousand
Market Size In 2032	$541,044.7 Thousand
CAGR	5.6 %
No. Of Pages In Report	188
Segments Covered	Product Type, Material, End User, And Region