India Plastic Valve Market Size By Type (Ball Valves, Butterfly Valves), By Size (Below 1 inch, 1″ to 3″, 3″ to 6″), By Application (Energy & Power, Chemicals, Food & Beverage), And Forecast
India Plastic Valve Market Size By Type (Ball Valves, Butterfly Valves), By Size (Below 1 inch, 1″ to 3″, 3″ to 6″), By Application (Energy & Power, Chemicals, Food & Beverage), And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
India Plastic Valve Market size was valued at USD 36,173.77 Thousand in 2020 and is projected to reach USD 63,813.83 Thousand by 2028, growing at a CAGR of 7.74% from 2021 to 2028.
The plastic valves market is expanding at notable CAGR owing to its widespread advantages including corrosion, chemical, and abrasion resistance; smooth inside walls; lightweight; ease of installation; long-life expectancy; and lower lifecycle cost. These advantages have led to the wide acceptance of plastic valves in commercial and industrial applications such as water distribution, wastewater treatment, metal and chemical processing, food and pharmaceuticals, power plants, oil refineries and more.
India Plastic Valves Market Definition
So, what are plastic valves? Well, they're just valves made from plastic! You'd use them in situations where you need something resistant to corrosion or that can handle nasty chemicals. Basically, a valve is something that controls the flow of a liquid or gas by opening, closing, or blocking passages. Since valves can be made from all sorts of stuff, plastic valves are simply the ones made with... you guessed it, plastic. They're great when metal just won't do the job because of the liquid flowing through. There's a whole bunch of different plastic materials they use, like acetal polymers, PVC, CPVC, PTFE, PE, PP, and PVDF – each with its own advantages. You've got your usual suspects in terms of valve types too, like ball valves, butterfly valves, check valves, diaphragm valves, and diverter valves. The cool thing is, you can pick the right plastic and valve type to handle specific pressures and temperatures. That's why plastic valves are used everywhere across tons of different industries.
India Plastic Valve Market Overview
Substantial demand for plastic valves has been observed from agriculture sector in India owing to their high-pressure bearing capacities. Various types of valves used in the sector include solenoid, butterfly, and ball valves among others. Prominently used for irrigation systems, these valves are available in various sizes, shapes, connection ends and finishes as per the custom requirements.
In recent decades, Plastic valves are being in great demand for 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. Moreover, the plastics industry is one of the fastest-growing industries in India. Rising demand for plastics as raw material from various end-use industries is anticipated to further drive the production of different varieties of plastics valves in the country over the period.
India Plastic Valve MarketSegmentation Analysis
The India Plastic Valve Market is segmented on the basis of Type, Size, And Application.
India Plastic Valve Market by Type
• Ball Valves• Butterfly Valves• Others
To Get Summarized Market Report By Type-
Think of valves like thisWe can break them down by type, mainly into Ball Valves, Butterfly Valves, and, well, Others. Now, Ball Valves? They're the reliable workhorses, known for sticking around a long time and giving you a solid seal, even if you haven't touched them in ages. That's why they're a go-to for shutting things off, maybe more so than a gate valve. Plus, they can handle the gunk other valves can't. And get this, some fancy versions can even act as control valves! All of this stuff will probably push the demand for plastic Valve type segments forward.
India Plastic Valve Market by Size
• Below 1 inch• 1? to 3?• 3? to 6?• 6? to 9?• Above 9 inches
To Get Summarized Market Report By Size-
On the basis of Size, the India Plastic Valve Market has been segmented into Below 1 inch, 1? to 3?, 3? to 6?, 6? to 9?, and Above 9 inches. Below 1-inch plastic Valves control the flow and pressure within a system or process. They are used to regulate liquids, gases, and slurries. Different types of valves available gate, globe, ball, butterfly, check, diaphragm, pressure valves. There are several models of each of these types, each with its own set of features and functional capabilities. Some valves are operated manually or some automatic.
India Plastic Valve Market by Application
• Energy & Power• Chemicals• Food & Beverage• Others
To Get Summarized Market Report By Application-
When we look at Application, the India Plastic Valve Market is broken down into a few key areasEnergy & Power, Chemicals, Food & Beverage, and then just a catch-all category, Others. Speaking of key areas, farming these days is all about agricultural technology – it’s pretty much essential! Farmers, particularly in places like India, are finding it harder and harder to get the harvests they need and keep up with the rules without things like machinery and digital solutions. And when you're building an irrigation system, you need all sorts of valves - Gate Valves, Globe Valves, Ball Valves, Check Valves...the whole shebang! These valves are getting more and more popular in agriculture because they help control water and conserve it in irrigation systems. So, for plastic valve makers in India, the agriculture industry is looking like it's going to be a huge opportunity.
Key Players
Want to know about the "India Plastic Valve Market"? This report gives you the lowdown, highlighting key players like Emerson Electric Co., Honeywell International Inc., Parker-Hannifin Corporation, G. K. Plastics, Krishna Plastic Industries, Plast-O-Matic Valves, Inc., KSC Plastic Valves, and Others. We've got a whole section diving deep into these big names, giving you the scoop on their financials, product comparisons, and even a SWOT analysis. Plus, we break down the competition – who's doing what, who's got the biggest slice of the pie, and where everyone ranks. Think of it as your inside look at the market!
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2017-2028
BASE YEAR
2020
FORECAST PERIOD
2021-2028
HISTORICAL PERIOD
2017-2019
UNIT
Value (USD Thousand)
KEY COMPANIES PROFILED
Emerson Electric Co., Honeywell International Inc., Parker-Hannifin Corporation, G. K. Plastics, Krishna Plastic Industries, Plast-O-Matic Valves, Inc., KSC Plastic Valves, and Others
SEGMENTS COVERED
Type
Size
Application
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We dive deep into the market, looking at it from every angle using both number-crunching (quantitative) and understanding-based (qualitative) methods, breaking it down by segments that consider money matters and other things too. We'll give you the market value in good old USD Billion for each piece of the market we identify. You'll learn which area and segment we think will be the fastest-growing and the biggest overall. We'll analyze each region to see how much of the product or service they use and what's influencing the market there. We'll also check out the competitive scene, ranking the top players and highlighting any new stuff they've launched, any deals they've made (like partnerships), how they've grown, and who they've bought up in the last five years. You'll get detailed company profiles including an overview, our insights, product comparisons, and a SWOT analysis for the main players. We'll give you our take on where the market is now and where it's heading, considering recent happenings (like growth chances and what's holding things back in both up-and-coming and established areas). We even dig into the market using Porter's five forces analysis to get different perspectives. You'll also get insight into the market through the Value Chain. Expect a look at the market's dynamics, plus growth opportunities for the future. And to top it off, you get 6 months of analyst support after the sale!
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