Global Plastic Valves Market Size By Type (Solenoid Valves, Butterfly Valves), By Application (Automotive, Machinery), By Geographic Scope And Forecast

Plastic Valves Market Size And Forecast

Plastic Valves Market size is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2024 to 2031.

The increasing demand for plastic valves in the machinery and automotive industry will be the major driving factor for the global Plastic Valves Market by the forecast period. Plastic valves are of less weight as compared to metal valves which result in less shipping costs which will boost the market for the plastic valves over the forecast period. Polyvinyl chloride (PVC) is the most common type of plastic valve which is preferred for utilization and will boost the market substantially over the forecast period. The Global Plastic Valves Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Plastic Valves Market Definition

Plastic valves are valves that are made from plastic materials and are used in applications that need resistance to corrosion along with chemical handling. A valve is a device that is used to regulate, direct or control the flow of a fluid by opening, closing or partially obstructing different passageways. Valves are made from various materials according to the required job and the valves that are prepared with plastic material are known as the plastic valves. Plastic valves are used according to the job as if the metal is not compatible with the flow of the liquid then plastic valves are used.

Plastic valves have various types and materials such as acetal polymers, polyvinyl chloride (PVC), chlorinated PVC (CPVC), polytetrafluoroethylene (PTFE), polyethylene (PE), polypropylene (PP), and polyvinylidene fluoride (PVDF). All of the materials that are used in the preparation of plastic valves contain various benefits according to their properties. The different types of plastic valves are ball valves, butterfly valves, check valves, diaphragm valves, and diverter valves. Plastic valves and their different materials are very helpful it comes to handling particular pressure and the temperature associated with the operation. Plastic valves are used in various industry verticals all over the globe.

Global Plastic Valves Market Overview

Plastic valves are being of great demand in the automotive and machinery industry. The automotive and machinery industry use valves of various materials on a large scale for its operations. Plastic valves are being more used these days due to their corrosion resistance and chemical handling properties. Plastic valves contain various benefits over metal valves and this is the major factor that is driving the global Plastic Valves Market around the globe. Plastic valves are of less cost as compared to metal valve and for small processes, they are the perfect material used for valves due to their cost-effectiveness. The plastic valves are also very light in weight which makes them easier to ship with fewer charges on shipping. These factors are growing the market substantially and will continue to aid the global Plastic Valves Market over the forecast period.

Polyvinyl chloride (PVC) is gaining more and more popularity in the coming years as it is prepared to meet higher temperature and pressure ratings. PVC is being widely used also due to its low cost and common use which will foster the growth of the global Plastic Valves Market over the forecast period. However, the plastic valves are good but not as good as metal for specific functions and in long term, metal valves provide better reliability as compared to plastic valves. This factor is anticipated to hamper the growth of the global Plastic Valves Market over the forecast period. However, the upcoming developments in plastic valve technology which is making them suitable for higher temperatures are anticipated to grow the opportunities for the global Plastic Valves Market over the forecast period.

Global Plastic Valves Market: Segmentation Analysis

The Global Plastic Valves Market is Segmented on the basis of Type, Application, and Geography.

Plastic Valves Market, By Type

Solenoid Valves

Butterfly Valves

Others

Based on Type, the market is bifurcated into Solenoid Valves, Butterfly Valves, and Others. Solenoid valves will witness market growth at a faster pace with substantial growth rates over the forecast period. It is expected to hold a major market share over the forecast period with subsequent growth in its CAGR. Butterfly valves will witness a gradual growth in its market over the forecast period and are projected to acquire a significant market share with a moderate growing CAGR over the forecast period.

Plastic Valves Market, By Application

Automotive

Machiner

Others

Based on Application, the market is segmented into Automotive, Machinery, and Others. The automotive segment is witnessing growth at a faster pace with gradual growth rates for the global Plastic Valves Market. It is projected to acquire significant market growth over the forecast period with subsequent growth in CAGR in further years. The machinery segment is anticipated to hold a major market share in the coming years. It will account for significant growth in its CAGR over the forecast period.

Plastic Valves Market, By Geography

North America

Europe

Asia Pacific

Rest of the world

Based on Regional Analysis, the Global Plastic Valves Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America region is anticipated to have a considerable market growth over the forecast period with a significant acquisition of market share and a gradual growth in CAGR. Owing to the benefits and increasing popularity of plastic valves, the European region will witness significant growth in the market in the coming years. The Asia Pacific is expected to make a major contribution to the market growth of plastic valves in the coming years. Developing economies such as China and India will drive market growth in the Asia Pacific region by a great margin over the forecast period.

Key Players

The "Global Plastic Valves Market" study report will provide valuable insight with an emphasis on the global market. The major players in the market are Emerson, Johnson Controls, ADAMS, Parker Hannifin, Watts Water Technologies, Zwick, Kirloskar, Cameron, Flowserve, and IMI.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.