Diaphragm Valve Market Expected to Reach $541 Million by 2032

According to a new report published by Allied Market Research, titled, “Diaphragm Valve Market," The diaphragm valve market size was valued at $312.4 million in 2022, and is estimated to reach $541 million by 2032, growing at a CAGR of 5.6% from 2023 to 2032.

Depending on type, the weir segment dominated the diaphragm valve market in 2022, and straightway segment it is expected to grow at a significant CAGR during the forecast period. This is attributed to the fact that weir-style diaphragm valves are particularly well-suited for hygienic applications where maintaining sterility and preventing cross-contamination are paramount. The growth in preference of  valves is due to its sustainable and innovative smelting, mining, mineral recovery, and recycling technology. The major key players in diaphragm valve market are focused on development of alloy-based valves, owing to the benefits such as high durability, high electrical resistance, increased toughness, and high temperature sustaining capacity. All these benefits foster the demand for alloy-based valves that subsequently drive the diaphragm valve market growth.

Key players are adopting acquisition as key developmental strategies to improve product portfolio. For instance, in KITZ Corporation acquired Cephas Pipelines Corporation, based in South Korea, which deals in pumps and valves. The acquisition aimed to improve the product portfolio of valves and pumps. All these factors drive the growth of the diaphragm valve market. 

By material, the steel segment dominated the diaphragm valve market in 2022, and alloy-based segment is expected to grow at a significant CAGR during the forecast period.  On the basis of end user, the oil & power segment dominated the diaphragm valve market in 2022; however, the food & beverage segment is expected to grow at a significant CAGR during the forecast period.  The food & beverage processing industry is one of the largest consumers of  valves. Thus, the growth of the food & beverage processing industry in developing nations propels the growth of the diaphragm valve market. 

The diaphragm valves have high demand in pharmaceutical industries. In addition, the automation control of valves plays an important role in these industries to reduce the risk of human contact during the flow process.

The utilization of high-efficiency valves in the chemical industry is anticipated to grow, owing to the necessity for safe chemical handling. Different chemicals have different properties such as corrosiveness, alkalinity, and others, which make chemical handling very risky. Industries adopt automatic industrial valves to reduce human interference in the pipe system, which reduces accidents and fatalities. Major players in the valve and valve automation industry offer specialized solutions to automate the operation of valves in chemical processing applications. such factors will drive the diaphragm valve market growth.

For instance, Bray International based in the U.S. offers Bray industrial valves to regulate the flow of gas or liquid accurately, precisely, and quickly, using the valve automation systems. It also offers Safety Instrumented System (SIS) for safe operations, ensuring emergency stoppage. Such products boost the growth of diaphragm valve market. in the chemical industry applications.

Asia-Pacific is witnessing significant growth in the energy sector, including oil & gas exploration, refining, and power generation. Diaphragm valves are critical components in these energy-related applications, driving their demand and dominance in the region. Moreover, expanding oil & gas extraction increases the demand for diaphragm valves, which is expected to boost growth of the diaphragm valve market share. For instance, the Government of Australia invested around $2 billion in 2023 in new oil & gas development projects in the Northwest Shelf. 

Key Findings of the Study  

• The report provides an extensive analysis of the current and emerging global diaphragm valve market trends and dynamics.    

• Depending on product type, the weir segment has dominated the diaphragm valve market, in terms of revenue in 2022. 

• By end user, the oil & power segment has registered its highest revenue in 2022 in diaphragm valve market.  

• By material, the steel segment has registered highest revenue in 2022.  

• Asia-Pacific is projected to register the highest growth rate in the coming years.   

• The key players within the global diaphragm valve market are profiled in this report, and their strategies are analyzed thoroughly, which helps to understand the competitive outlook of the diaphragm valve industry.   

• The report provides an extensive diaphragm valve market forecast analysis of the current trends and emerging opportunities of the market.  

• In-depth global diaphragm valve market analysis is conducted by constructing estimations for the key segments between 2022 and 2032.