Global High Purity Valves Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global High Purity Valves Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

High purity valves are designed to handle extremely harsh/caustic chemicals, as well as ultra-pure media. High purity valves can be divided into manual valve and automatic valve. High purity valves are widely used in food & beverage, pharmaceutical, chemical and semiconductor industries. This report studies the global High Purity Valves market.

Market Overview:

The latest research study on the global High Purity Valves market finds that the global High Purity Valves market reached a value of USD 2061.91 million in 2022. It’s expected that the market will achieve USD 2733.56 million by 2028, exhibiting a CAGR of 4.81% during the forecast period.

High Purity Valves Growth Drivers

Whether from the perspective of science and technology or economic development, the importance of semiconductors is enormous. Most electronic products, such as computers, mobile phones or digital recorders, are closely related to semiconductors. High Purity Valves run without leakage, and keep the ultrahigh pressure pipeline clean. Has high durability and can improve the efficiency and safety of operation of semiconductor and display client devices. The rapid development of semiconductor industry will promote the growth of High Purity Valves industry demand.

High Purity Valves Market Challenges

The reason why stainless steel is becoming more and more popular in raw materials for making High Purity Valves is the rising price of lead-free brass. The raw materials of High Purity Valves are stainless steel, brass and other metal or nonmetal materials. The fluctuation of raw material prices will have a certain impact on the High Purity Valves industry. When the price of raw materials rises, the cost of producing High Purity Valves increases, and the output may be affected to some extent. When the price of raw materials decreases, the production cost of enterprises decreases and the output may increase. The fluctuation of raw material prices, will bring certain challenges to enterprises.

High Purity Valves Market Restraints

For most industries the intensity of competitive rivalry is the major determinant of the competitiveness of the industry. Having an understanding of industry rivals is vital to successfully marketing a product. Positioning pertains to how the public perceives a product and distinguishes it from competitors. A business must be aware of its competitors' marketing strategy and pricing and also be reactive to any changes made. The High Purity Valves industry is facing a fierce competitive position. Many companies have been doing business in this industry. They pay more attention to R&D, product innovation, channel construction and customer relationship management, trying to gain greater market share and competitive advantage.

Region Overview:

Asia-Pacific was the largest revenue market with a market share of 37.77% in 2016 and 38.54%
in 2020. In 2020, North America market share was 34.31%, ranking second.

Company Overview:

The top three companies are VAT Group AG, Parker, Fujikin, with the revenue market share of 28.58%, 7.30%, 6.52% in 2020.

Segmentation Overview:

Among different product types, Automatic Valve segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Pharmaceutical segment occupied the biggest share from 2017 to 2022.

Key Companies in the global High Purity Valves market covered in Chapter 3:

Gemu Group
SMC Corporation
VAT Group AG
Swagelok
Parker
Fujikin
Entegris
HY-LOK
Kinglai Hygienic
Spirax-Sarco
KITZ SCT Corporation
SVF Flow Controls
Saint-Gobain
Ham-Let Group
AT Controls
Taekwang Fujikin
Rotarex
Aerre Inox
Valex
GCE Group
Flow Control Holdings
GTC Products
Quality Sourced Manufacturing

In Chapter 4 and Chapter 14.2, on the basis of types, the High Purity Valves market from 2018 to 2029 is primarily split into:

Manual Valve
Automatic Valve

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the High Purity Valves market from 2018 to 2029 covers:

Food & Beverage
Pharmaceutical
Chemical
Semiconductor
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)