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

Allied Market Research - Seite 2

Drivers

Rapid Industrialization And Infrastructure Development
Growth In The Pharmaceuticals Industry
 

Opportunities

Technological Advancements

Restraints

Volatile Price Of Raw Materials

 

The weir segment dominated the market in 2022, and the straightway segment is expected to grow at a significant CAGR during the forecast period.

By product type, the market is categorized into weir and straightway. The weir segment accounted for a higher market share in 2022, accounting for more than half of the market revenue. Rapid industrialization and infrastructure development in emerging markets create new opportunities for valve manufacturers. Diaphragm valves are preferred for their versatility, adaptability to diverse applications, and compatibility with different fluid types, thus driving their adoption in emerging economies.

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The steel segment dominated the market in 2022, and alloy-based segment is expected to grow at a significant CAGR during the forecast period.

Depending on material, the diaphragm valve market is categorized into cast iron, steel, alloy-based, and others. The steel segment accounted for more than two-fifths of the market revenue. In industries such as food & beverage, pharmaceuticals, and biotechnology, maintaining hygiene and sterility is paramount. Diaphragm valves, with their smooth, crevice-free design, and ability to be cleaned and sterilized easily, are essential for ensuring product quality and safety, thereby fueling their growth.

The oil & power segment dominated the market in 2022. The food & beverage segment is expected to grow at a significant CAGR during the forecast period.

By end user, the diaphragm valve market is divided into oil & power, water & wastewater, chemical, food & beverage, and others. The oil & power segment accounted for more than one-third market share in terms of revenue in 2022. Increasing awareness of environmental sustainability and the need for eco-friendly processes drive the demand for valves that minimize emissions, waste, and energy consumption. Diaphragm valves, with their ability to provide tight shut-off, prevent leaks, and reduce fugitive emissions, align with these environmental objectives, contributing to their growth.