India Steel and Alloy Casting Valves Market Outlook- 2027
The India steel and alloy casting valves market size was valued at $1,440.1 million in 2019, and is expected to reach $1,825.6 million by 2027, registering a CAGR of 5.4% from 2020 to 2027. Valves are the devices that control, direct or regulate the flow of the gases, liquids and slurries by opening, closing or partially obstructing the pathway of the material.
Urbanization and industrialization are the major driving factors of valves in the India steel and alloy casting valves market. In addition, easy availability, installation and operation of the valves helps to boost the valves market. However, these valves need regular maintenance, greasing & oiling, and replacement of parts as there is wear and tear of the parts due to frequent abrasion of material flowing through it.
Further, during the outbreak of COVID-19, construction, manufacturing, hotel, mining and tourism industries were majorly affected. Production activities were also stopped or restricted to a huge extent. Transportation activities, along with their supply chains were hampered on a global level. This led to decline in production of valves, which directly hampered the India steel and alloy casting valves market.
However, gradually all industries are resuming their regular manufacturing and services. This is further expected to lead to re-initiation of valves companies at their full-scale capacities, which is expected to help the market to recover by mid of 2021.
On the contrary, demand for technically advanced valves with enhanced operating efficiency is a major opportunity for the India steel and alloy casting valves market during the forecast period.
The India steel and alloy casting valves market is segmented into function, material, type, size and end-user industry.
By Type
India Steel and Alloy Casting Valves Market, By Type ($Thousand)
On the basis of function, the market is divided into manual operation, pneumatic on-off operation, electric on-off operation, pneumatic control operation and electric control operation. Depending on material, it is classified into cast iron, carbon steel, alloy steel, austenitic steel, nickel alloy steel, ductile steel and duplex stainless steel. Depending on type, it is segregated into plug valves, gate globe check valves, butterfly valves and ball valves. On the basis of size, the market is differentiated into 2” & below, 2-6’’, 6-25’’, 25-50’’ and 50’’ & above.
Depending on end-user industry, it is classified into oil exploration, cracking & refining, pipelines & oil transports, LPG marketing terminals & bottling plants, liquefied natural gas, petrochemicals, chemicals (polymer), fertilizer, fossil power – utility, fossil power – industrial / captive, nuclear power, chemicals (chlor, alkali and others), pulp & paper, pharmaceutical, food, sugars & distilleries, cement, mining, iron & steel, alumina, copper & other ores, miscellaneous and exports out of India.
By Material
India Steel and Alloy Casting Valves Market, By Material ($Thousand)
Key Benefits For Stakeholders
- The report provides an extensive analysis of the current and emerging India steel and alloy casting valves market trends and dynamics.
- In-depth India steel and alloy casting valves market analysis is conducted by estimations for the key segments between 2020 and 2027.
- Extensive analysis of the market is conducted by following key product positioning and monitoring of top competitors within the market framework.
- A comprehensive analysis of four major regions is provided to determine the prevailing opportunities.
- The India steel and alloy casting valves market forecast analysis from 2020 to 2027 is included in the report.
- The key market players operating in the market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the India steel and alloy casting valves industry.
India Steel And Alloy Casting Valves Market Segments
By Function
- Manual Operation
- Pneumatic ON-OFF Operation
- Electric ON-OFF Operation
- Pneumatic Control Operation
- Electric Control Operation
By Material
- Cast Iron
- Carbon Steel
- Alloy Steel
- Austenitic Steel
- Nickel Alloy Steel
- Ductile Steel
- Duplex Stainless Steel
By Type
- Plug Valves
- Gate Globe Check Valves
- Butterfly Valves
- Ball Valves
By Size
- 2” & Below
- 2-6’’
- 6-25’’
- 25-50’’
- 50’’ & Above
By End-User Industry
- Oil Exploration
- Cracking & Refining
- Pipelines & Oil Transports
- LPG Marketing Terminals & Bottling Plants
- Liquefied Natural Gas
- Petrochemicals
- Chemicals (Polymer)
- Fertilizer
- Fossil Power – Utility
- Fossil Power – Industrial / Captive
- Nuclear Power
- Chemicals (Chlor, Alkali And Others)
- Pulp & Paper
- Pharmaceutical
- Food
- Sugars & Distilleries
- Cement
- Mining
- Iron & Steel
- Alumina
- Copper & Other Ores
- Miscellaneous
- Exports Out Of India
Key Players
- AZ Armaturen GmbH
- Schlumberger Limited (Cameron)
- Chemtrols Industries Pvt. Ltd.
- Franklin Valve Company
- Galli & Cassina
- Ghatge Patil Industries Ltd.
- G M Engineering
- Hawa Valves
- Hitech
- Horizon Polymer Engineering Pvt. Ltd.
- Idex Corporation (Richter Chemie-Technik GmbH)
- Larsen & Toubro Limited
- Rasaii Flow Lines Private Ltd.
- Trillium Flow Technologies
- UNP Polyvalves (India) Pvt. Ltd.
- Valves Industries
- Flowserve Corporation (Microfinish valves and pump)
India Steel and Alloy Casting Valves Market Report Highlights
| Aspects | Details |
 By Function |
|
 By Material |
|
 By Type |
|
 By Size |
|
 By End-User Industry |
|
 Key Market Players | Franklin Valve Company, Horizon Polymer Engineering Pvt. Ltd., Flowserve Corporation (Microfinish valves and pump), UNP Polyvalves (India) Pvt. Ltd., Larsen & Toubro Limited, Hitech, Trillium Flow Technologies, Valves Industries, Hawa Valves, Chemtrols Industries Pvt. Ltd., Ghatge Patil Industries Ltd., Idex Corporation (Richter Chemie-Technik GmbH), Schlumberger Limited (Cameron), AZ Armaturen GmbH, Galli & Cassina, G M Engineering, Rasaii Flow Lines Private Ltd. |
Analyst Review
The India steel and alloy casting valves market has high potential in the manufacturing and process industry, due to urbanization and industrialization. In addition, wide range of valves made of different material composition, sizes and standards are easily available in the market and are also easy to install and operate. The India steel and alloy casting valves market was valued at $1,440.1 million in 2019, and is expected to reach $1,825.6 million by 2027, registering a CAGR of 4.3% from 2020 to 2027. However, these valves need regular maintenance, greasing & oiling and replacement of parts as there is wear and tear of the parts due to frequent abrasion of material flowing through it. On the contrary, demand for technically advanced valves with enhanced operating efficiency is a major opportunity for the India steel and alloy casting valves market during the forecast period.
The major players profiled in the India steel and alloy casting valves market include AZ Armaturen GmbH, Schlumberger Limited (Cameron), Chemtrols Industries Pvt. Ltd., Franklin Valve Company, Galli & Cassina, Ghatge Patil Industries Ltd., G M Engineering, Hawa Valves, Hitech, Horizon Polymer Engineering Pvt. Ltd., Idex Corporation (Richter Chemie-Technik GmbH), Larsen & Toubro Limited, Rasaii Flow Lines Private Ltd., Trillium Flow Technologies, UNP Polyvalves (India) Pvt. Ltd., Valves Industries and Flowserve Corporation (Microfinish valves and pump). These valve manufacturing companies have adopted strategies such as business agreement, product launch and agreement, to offer their products across the India steel and alloy casting valves market.
The India steel and alloy casting valves market size was valued at $1,440,160.4 thousand in 2019, and is projected to reach $1,825,612.9 thousand by 2027, growing at a CAGR of 5.4% from 2020 to 2027.
The forecast period considered for the India steel and alloy casting valves market is 2020 to 2027, wherein, 2019 is the base year, 2020 is the estimated year, and 2027 is the forecast year.
To get latest version of India steel and alloy casting valves market report can be obtained on demand from the website.
The base year considered in the India steel and alloy casting valves market report is 2019.
The top companies holding the market share in the India steel and alloy casting valves market report include AZ Armaturen GmbH, Schlumberger Limited (Cameron), Chemtrols Industries Pvt. Ltd., Franklin Valve Company, Galli & Cassina, Ghatge Patil Industries Ltd., G M Engineering, Hawa Valves, Hitech, Horizon Polymer Engineering Pvt. Ltd., Idex Corporation (Richter Chemie-Technik GmbH), Larsen & Toubro Limited, Rasaii Flow Lines Private Ltd., Trillium Flow Technologies, UNP Polyvalves (India) Pvt. Ltd., Valves Industries and Flowserve Corporation (Microfinish valves and pump).
The top ten market players are selected based on two key attributes - competitive strength and market positioning
By material, in 2019 the cast iron segment dominated the India steel and alloy casting valves market, in terms of revenue and is expected to maintain this trend during the forecast period.
By type, the gate globe check valves segment is the highest share holder of India steel and alloy casting valves market
The report contains an exclusive company profile section, where leading 10 companies in the market are profiled. These profiles typically cover company overview, geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.
The market value of the India steel and alloy casting valves market is $1,260,140.3 thousand in 2020.
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