PUBLISHER: The Business Research Company | PRODUCT CODE: 1852325
 
				PUBLISHER: The Business Research Company | PRODUCT CODE: 1852325
A carbon steel cryogenic valve is made from carbon steel and designed to function reliably at extremely low temperatures, typically below -150°C. It offers precise regulation of gas or liquid flow in cryogenic settings while ensuring safety and durability. These valves are built to endure thermal stress, corrosion, and pressure variations in harsh environments.
The main types of carbon steel cryogenic valves include gate valves, globe valves, check valves, ball valves, and butterfly valves. They operate via various methods such as manual control, pneumatic actuation, electric actuation, and hydraulic actuation, and come in sizes ranging from small (up to 2 inches) to medium (2 to 8 inches) and large (over 8 inches). These valves are used across industries such as oil and gas, energy and power, chemicals, healthcare, and more, serving sectors such as liquefied natural gas (LNG), cryogenic refrigeration, aerospace, food and beverage processing, as well as medical and pharmaceutical applications.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
The swift increase in U.S. tariffs and the ensuing trade tensions in spring 2025 are significantly affecting the machinery sector by increasing costs for steel, hydraulic systems, and precision bearings critical components often imported from tariff-affected regions. Manufacturers of construction, agricultural, and industrial machinery now face squeezed margins, as many long-term contracts prevent immediate price adjustments. The uncertainty has also delayed investment in automation and smart machinery technologies, slowing productivity gains. To adapt, firms are accelerating local supplier development, redesigning products to use alternative materials, and leveraging predictive maintenance to extend equipment lifespans amid higher replacement costs.
The carbon steel cryogenic valve market research report is one of a series of new reports from The Business Research Company that provides carbon steel cryogenic valve market statistics, including carbon steel cryogenic valve industry global market size, regional shares, competitors with a carbon steel cryogenic valve market share, detailed carbon steel cryogenic valve market segments, market trends and opportunities, and any further data you may need to thrive in the carbon steel cryogenic valve industry. This carbon steel cryogenic valve market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The carbon steel cryogenic valve market size has grown strongly in recent years. It will grow from $2.11 billion in 2024 to $2.24 billion in 2025 at a compound annual growth rate (CAGR) of 6.3%. The growth during the historic period is driven by rising demand from the oil and gas industry, accelerating industrialization, increased petrochemical production, expanded refining capacities, and growing investments in infrastructure.
The carbon steel cryogenic valve market size is expected to see strong growth in the next few years. It will grow to $2.81 billion in 2029 at a compound annual growth rate (CAGR) of 5.9%. The growth expected in the forecast period is driven by increasing demand for liquefied natural gas (LNG), greater adoption in aerospace applications, a stronger focus on energy efficiency, expansion of chemical processing facilities, and rising investments in cryogenic storage. Key trends during this period include advancements in valve design technology, increased research and development investments, the creation of smart and automated valves, innovations in corrosion-resistant materials, and the development of environmentally friendly manufacturing processes.
The growing need for liquefied natural gas (LNG) is expected to drive the expansion of the carbon steel cryogenic valve market in the future. LNG is natural gas cooled to approximately -162°C (-260°F), turning it into a liquid that occupies about 600 times less volume, which simplifies storage and transport. This surge in LNG demand is largely fueled by rising energy requirements from industrial growth and urban development, pushing for cleaner and more reliable energy sources. As LNG use increases, so does the necessity for carbon steel cryogenic valves that can safely operate at extremely low temperatures, making them crucial for LNG storage and transportation. These valves help prevent leaks and offer precise flow control, enhancing safety and reliability in cryogenic systems. For example, data from the Energy Information Administration (EIA), a US government agency, shows that LNG exports averaged 11.9 billion cubic feet per day (Bcf/d) in 2023, a 12% rise (1.3 Bcf/d) compared to 2022. Consequently, rising LNG demand is expected to sustain growth in the carbon steel cryogenic valve market.
Leading companies in the carbon steel cryogenic valve market are concentrating on creating advanced solutions such as bubble-tight shutoff designs to eliminate leaks and guarantee safe, dependable performance in extremely low-temperature conditions. Bubble-tight shutoff means the valve completely seals without any leakage when fully closed. For example, in March 2023, Flowserve Corporation, a US-based manufacturer of flow-control products and services, introduced the Worcester 51/52 series reduced port flanged ball valves. These valves provide reliable bubble-tight shutoff and support bi-directional flow, offering flexibility in various processes. They also feature low operating torque, enabling the use of compact actuators, which helps lower space and cost demands. Moreover, their special build configurations allow customization to fit specific customer needs, boosting their adaptability and effectiveness across different industrial applications.
In November 2024, Crane Company, an American industrial manufacturer, purchased Technifab Products Inc. for $38.8 million. This acquisition allowed Crane Company to broaden its range of cryogenic products and enhance its footprint in the industrial and aerospace sectors by incorporating Technifab's knowledge in cryogenic valves and transfer systems. Technifab Products Inc. is a US firm that focuses on carbon steel cryogenic valves and vacuum-insulated systems designed for the safe handling of liquefied gases.
Major players in the carbon steel cryogenic valve market are Baker Hughes, Parker Hannifin, Emerson Electric Co., Flowserve Corporation, KITZ Corporation, Samson AG, L&T Valves Ltd., Velan Inc., Cryostar SAS, Bray International Inc., Powell Valves Inc., BAC Valves Pvt. Ltd., Fangzheng Valve Group Corporation Limited, Erdmann Corporation, Meca-Inox SAS, Valves Only Ltd., Herose GmbH, Danfoss A/S, Conval Valves Ltd., and Ratermann Manufacturing Inc.
North America was the largest region in the carbon steel cryogenic valve market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in carbon steel cryogenic valve report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the carbon steel cryogenic valve market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The carbon steel cryogenic valve market consists of sales of plug valves, diaphragm valves, pinch valves, safety relief valves, and solenoid valves. Values in this market are 'factory gate' values; that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Carbon Steel Cryogenic Valve Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on carbon steel cryogenic valve market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for carbon steel cryogenic valve ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The carbon steel cryogenic valve market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
 
                 
                 
                