PUBLISHER: The Business Research Company | PRODUCT CODE: 1931930
PUBLISHER: The Business Research Company | PRODUCT CODE: 1931930
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.
Tariffs have increased costs of carbon steel raw materials and precision valve components. Energy and industrial sectors in asia pacific and europe are most impacted. Large size cryogenic valves face higher cost pressure. At the same time, tariffs are supporting domestic valve manufacturing capabilities.
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 $2.24 billion in 2025 to $2.37 billion in 2026 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to growth of oil and gas processing, expansion of industrial gas storage, demand for low temperature processing, development of cryogenic technologies, industrial safety regulations.
The carbon steel cryogenic valve market size is expected to see strong growth in the next few years. It will grow to $2.97 billion in 2030 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to increase in lng trade, growth of hydrogen infrastructure, expansion of cryogenic healthcare systems, demand for energy efficient valves, industrial automation adoption. Major trends in the forecast period include rising demand for cryogenic flow control solutions, expansion of lng infrastructure projects, increasing use in ultra low temperature applications, focus on high durability valve materials, growth of safety critical valve installations.
The increasing demand for liquefied natural gas (LNG) is expected to drive the growth of the carbon steel cryogenic valve market going forward. Liquefied natural gas (LNG) is natural gas cooled to approximately -162°C (-260°F) to convert it into a liquid form, reducing its volume by about 600 times for easier storage and transportation. The rising demand for LNG is driven by growing energy needs from industrialization and urbanization, which increase the requirement for reliable and cleaner energy sources. This demand boosts the carbon steel cryogenic valve market by creating a need for valves capable of safely handling extremely low temperatures, making them critical for LNG storage and transport. These valves ensure leak-proof operation and precise flow control, enhancing system safety and reliability in cryogenic applications. For example, in April 2024, the Energy Information Administration (EIA), a US-based government agency, reported that US LNG exports averaged 11.9 bcfd in 2023, a 12% increase (1.3 bcfd) compared with 2022. Therefore, the increasing demand for liquefied natural gas is driving the growth of 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 companies operating 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., Ratermann Manufacturing Inc.
North America was the largest region in the carbon steel cryogenic valve market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the carbon steel cryogenic valve market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the carbon steel cryogenic valve market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, 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 Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses 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, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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