1	INTRODUCTION	27 
1.1	STUDY OBJECTIVES	27 
1.2	MARKET DEFINITION	27 
1.2.1	INCLUSIONS AND EXCLUSIONS	28 
1.3	STUDY SCOPE	28 
1.3.1	MARKETS COVERED	28 
FIGURE 1	LINED VALVE MARKET: SEGMENTATION	28 
1.3.2	REGIONAL SCOPE	29 
1.3.3	YEARS CONSIDERED	29 
1.4	CURRENCY CONSIDERED	29 
1.5	LIMITATIONS	30 
1.6	STAKEHOLDERS	30 
2	RESEARCH METHODOLOGY	31 
2.1	RESEARCH DATA	31 
FIGURE 2	LINED VALVE MARKET: RESEARCH DESIGN	31 
2.1.1	SECONDARY AND PRIMARY RESEARCH	32 
2.1.2	SECONDARY DATA	32 
2.1.2.1	Major secondary sources	32 
2.1.2.2	Key data from secondary sources	33 
2.1.3	PRIMARY DATA	33 
2.1.3.1	Primary interviews with experts	33 
2.1.3.2	Key data from primary sources	34 
2.1.3.3	Key industry insights	34 
2.1.3.4	Breakdown of primaries	35 
2.2	MARKET SIZE ESTIMATION	35 
FIGURE 3	MARKET SIZE ESTIMATION METHODOLOGY (SUPPLY SIDE): REVENUE GENERATED THROUGH SALES OF PRODUCTS/ SOLUTIONS/SERVICES RELATED TO LINED VALVE MARKET	36 
2.2.1	BOTTOM-UP APPROACH	37 
2.2.1.1	Approach to derive market size using bottom-up analysis	37 
FIGURE 4	MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH	37 
2.2.2	TOP-DOWN APPROACH	38 
2.2.2.1	Approach to derive market size using top-down analysis	38 
FIGURE 5	MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH	38 
2.3	MARKET BREAKDOWN AND DATA TRIANGULATION	39 
FIGURE 6	DATA TRIANGULATION	39 
2.4	RESEARCH ASSUMPTIONS	40 
2.5	APPROACH TO UNDERSTAND IMPACT OF RECESSION ON LINED VALVE MARKET	40 
2.6	LIMITATIONS AND RISK ASSESSMENT	41 
TABLE 1	LIMITATIONS AND RISKS	41 
3	EXECUTIVE SUMMARY	42 
FIGURE 7	BALL VALVE SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD	42 
FIGURE 8	PTFE SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD	43 
FIGURE 9	CHEMICAL SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD	43 
FIGURE 10	ASIA PACIFIC HELD LARGEST SHARE OF LINED VALVE MARKET IN 2022	44 
3.1	LINED VALVE MARKET: IMPACT OF RECESSION	45 
FIGURE 11	GDP GROWTH PROJECTIONS FOR MAJOR ECONOMIES TILL 2023	45 
FIGURE 12	IMPACT OF UPCOMING RECESSION ON LINED VALVE MARKET	45 
4	PREMIUM INSIGHTS	47 
4.1	ATTRACTIVE OPPORTUNITIES FOR PLAYERS OPERATING IN LINED VALVE MARKET	47 
FIGURE 13	LARGE-SCALE INDUSTRIALIZATION IN ASIA PACIFIC AND EXPANDING GLOBAL CHEMICAL INDUSTRY	47 
4.2	LINED VALVE MARKET, BY TYPE	47 
FIGURE 14	BALL VALVE SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD	47 
4.3	LINED VALVE MARKET, BY MATERIAL	48 
FIGURE 15	PTFE SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD	48 
4.4	LINED VALVE MARKET, BY INDUSTRY	48 
FIGURE 16	PHARMACEUTICAL SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD	48 
4.5	LINED VALVE MARKET, BY COUNTRY	49 
FIGURE 17	US HELD LARGEST SHARE OF LINED VALVE MARKET IN 2022	49 
5	MARKET OVERVIEW	50 
5.1	INTRODUCTION	50 
5.2	MARKET DYNAMICS	50 
FIGURE 18	LINED VALVE MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES	50 
5.2.1	DRIVERS	51 
5.2.1.1	Increasing demand for sterile environment in pharmaceutical industry	51 
FIGURE 19	PHARMACEUTICAL INDUSTRY REVENUE IN US (2011–2020)	51 
5.2.1.2	Growing chemical industry	51 
5.2.1.3	Stringent government regulations regarding process safety in plants	52 
FIGURE 20	LINED VALVE MARKET: IMPACT ANALYSIS OF DRIVERS	53 
5.2.2	RESTRAINTS	53 
5.2.2.1	Lack of standardized policies	53 
FIGURE 21	LINED VALVE MARKET: IMPACT ANALYSIS OF RESTRAINTS	53 
5.2.3	OPPORTUNITIES	54 
5.2.3.1	Rising demand for automatic valves	54 
5.2.3.2	Growing trend of Internet of Things (IoT)-integrated valves	54 
5.2.3.3	Increasing use of simulation software	54 
FIGURE 22	LINED VALVE MARKET: IMPACT ANALYSIS OF OPPORTUNITIES	55 
5.2.4	CHALLENGES	55 
5.2.4.1	Unplanned downtime due to malfunctioning or failure of valves	55 
FIGURE 23	LINED VALVE MARKET: IMPACT ANALYSIS OF CHALLENGES	55 
5.3	VALUE CHAIN ANALYSIS	56 
FIGURE 24	LINED VALVE MARKET: VALUE CHAIN ANALYSIS	56 
5.4	ECOSYSTEM ANALYSIS	57 
FIGURE 25	LINED VALVE MARKET: ECOSYSTEM ANALYSIS	57 
TABLE 2	LINED VALVE MARKET: ECOSYSTEM	57 
5.5	PRICING ANALYSIS	58 
TABLE 3	AVERAGE SELLING PRICE OF LINED VALVES OFFERED BY TOP COMPANIES, 2022	58 
FIGURE 26	AVERAGE SELLING PRICE OF LINED VALVES OFFERED BY THREE KEY PLAYERS, BY TYPE (USD)	59 
TABLE 4	AVERAGE SELLING PRICE OF LINED VALVES OFFERED BY THREE KEY PLAYERS, BY TYPE	59 
5.6	TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES	60 
FIGURE 27	REVENUE SHIFT AND NEW REVENUE POCKETS FOR PLAYERS IN LINED VALVE MARKET	60 
5.7	TECHNOLOGY ANALYSIS	60 
5.7.1	INTERNET OF THINGS (IOT)	60 
5.7.2	CLOUD-BASED SOLUTIONS	60 
5.7.3	ARTIFICIAL INTELLIGENCE	61 
5.8	PORTER’S FIVE FORCES ANALYSIS	61 
TABLE 5	LINED VALVE MARKET: PORTER’S FIVE FORCES ANALYSIS	61 
5.9	KEY STAKEHOLDERS AND BUYING CRITERIA	62 
5.9.1	KEY STAKEHOLDERS IN BUYING PROCESS	62 
FIGURE 28	INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE INDUSTRIES	62 
TABLE 6	INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE INDUSTRIES (%)	63 
5.9.2	BUYING CRITERIA	63 
FIGURE 29	KEY BUYING CRITERIA FOR TOP THREE INDUSTRIES	63 
TABLE 7	KEY BUYING CRITERIA FOR TOP THREE INDUSTRIES	63 
5.10	CASE STUDY ANALYSIS	64 
TABLE 8	PTFE-LINED BUTTERFLY VALVES FOR MINING INDUSTRY	64 
TABLE 9	EBRO Z011-A BUTTERFLY VALVE FOR POTASH COMPANY TO REDUCE EXTREME WEAR PROBLEM	64 
TABLE 10	GAR-SEAL PTFE BUTTERFLY VALVE AND GYLON BIO-ASEPT SEALS FOR CONFECTIONERY GROUP	64 
5.11	TRADE ANALYSIS	65 
FIGURE 30	IMPORT OF TAPS, COCKS, VALVES, AND SIMILAR APPLIANCES, BY COUNTRY, 2017–2021 (USD MILLION)	65 
FIGURE 31	EXPORT OF TAPS, COCKS, VALVES, AND SIMILAR APPLIANCES, BY COUNTRY, 2017–2021 (USD MILLION)	65 
5.12	PATENT ANALYSIS	66 
FIGURE 32	TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS	66 
TABLE 11	TOP 20 PATENT OWNERS IN US IN LAST 10 YEARS	66 
FIGURE 33	NUMBER OF PATENTS GRANTED PER YEAR, 2012–2021	67 
TABLE 12	LINED VALVE MARKET: LIST OF PATENTS, 2019–2022	67 
5.13	KEY CONFERENCES AND EVENTS, 2022–2023	69 
TABLE 13	LINED VALVE MARKET: DETAILED LIST OF CONFERENCES AND EVENTS	69 
5.14	REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS	69 
TABLE 14	NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS	69 
TABLE 15	EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS	70 
TABLE 16	ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS	70 
TABLE 17	ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS	71 
5.14.1	STANDARDS	71 
TABLE 18	LINED VALVE MARKET: STANDARDS	71 
6	LINED VALVE MARKET, BY TYPE	73 
6.1	INTRODUCTION	74 
FIGURE 34	LINED VALVE MARKET, BY TYPE	74 
FIGURE 35	BALL VALVE SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD	74 
TABLE 19	LINED VALVE MARKET, BY TYPE, 2019–2022 (USD MILLION)	75 
TABLE 20	LINED VALVE MARKET, BY TYPE, 2023–2028 (USD MILLION)	75 
6.2	BALL VALVE	76 
6.2.1	BALL VALVE TO BE COST-EFFECTIVE SOLUTION FOR PROCESS APPLICATIONS	76 
TABLE 21	BALL VALVE: LINED VALVE MARKET, BY REGION, 2019–2022 (USD MILLION)	76 
TABLE 22	BALL VALVE: LINED VALVE MARKET, BY REGION, 2023–2028 (USD MILLION)	77 
TABLE 23	BALL VALVE: LINED VALVE MARKET, BY INDUSTRY, 2019–2022 (USD MILLION)	77 
TABLE 24	BALL VALVE: LINED VALVE MARKET, BY INDUSTRY, 2023–2028 (USD MILLION)	77 
6.3	BUTTERFLY VALVE	78 
6.3.1	BUTTERFLY VALVE EXHIBITS HIGH SHUT-OFF PROTECTION AND LONG SERVICE LIFE	78 
TABLE 25	BUTTERFLY VALVE: LINED VALVE MARKET, BY REGION, 2019–2022 (USD MILLION)	78 
TABLE 26	BUTTERFLY VALVE: LINED VALVE MARKET, BY REGION, 2023–2028 (USD MILLION)	78 
TABLE 27	BUTTERFLY VALVE: LINED VALVE MARKET, BY INDUSTRY, 2019–2022 (USD MILLION)	79 
TABLE 28	BUTTERFLY VALVE: LINED VALVE MARKET, BY INDUSTRY, 2023–2028 (USD MILLION)	79 
6.4	GATE VALVE	79 
6.4.1	GATE VALVES WIDELY USED FOR ON/OFF APPLICATIONS	79 
TABLE 29	GATE VALVE: LINED VALVE MARKET, BY REGION, 2019–2022 (USD MILLION)	80 
TABLE 30	GATE VALVE: LINED VALVE MARKET, BY REGION, 2023–2028 (USD MILLION)	80 
TABLE 31	GATE VALVE: LINED VALVE MARKET, BY INDUSTRY, 2019–2022 (USD MILLION)	80 
TABLE 32	GATE VALVE: LINED VALVE MARKET, BY INDUSTRY, 2023–2028 (USD MILLION)	81 
6.5	GLOBE VALVE	81 
6.5.1	LINED GLOBE VALVES WORK WITH HIGHLY CORROSIVE AND TOXIC CHEMICALS	81 
TABLE 33	GLOBE VALVE: LINED VALVE MARKET, BY REGION, 2019–2022 (USD MILLION)	81 
TABLE 34	GLOBE VALVE: LINED VALVE MARKET, BY REGION, 2023–2028 (USD MILLION)	82 
TABLE 35	GLOBE VALVE: LINED VALVE MARKET, BY INDUSTRY, 2019–2022 (USD MILLION)	82 
TABLE 36	GLOBE VALVE: LINED VALVE MARKET, BY INDUSTRY, 2023–2028 (USD MILLION)	82 
6.6	PLUG VALVE	83 
6.6.1	PLUG VALVES TO WITNESS SUBSTANTIAL DEMAND IN FLOW CONTROL AND ISOLATION APPLICATIONS	83 
TABLE 37	PLUG VALVE: LINED VALVE MARKET, BY REGION, 2019–2022 (USD MILLION)	83 
TABLE 38	PLUG VALVE: LINED VALVE MARKET, BY REGION, 2023–2028 (USD MILLION)	83 
TABLE 39	PLUG VALVE: LINED VALVE MARKET, BY INDUSTRY, 2019–2022 (USD MILLION)	84 
TABLE 40	PLUG VALVE: LINED VALVE MARKET, BY INDUSTRY, 2023–2028 (USD MILLION)	84 
6.7	OTHER TYPES	84 
TABLE 41	OTHER TYPES: LINED VALVE MARKET, BY REGION, 2019–2022 (USD MILLION)	85 
TABLE 42	OTHER TYPES: LINED VALVE MARKET, BY REGION, 2023–2028 (USD MILLION)	85 
TABLE 43	OTHER TYPES: LINED VALVE MARKET, BY INDUSTRY, 2019–2022 (USD MILLION)	85 
TABLE 44	OTHER TYPES: LINED VALVE MARKET, BY INDUSTRY, 2023–2028 (USD MILLION)	86 
  
7	LINED VALVE MARKET, BY MATERIAL	87 
7.1	INTRODUCTION	88 
FIGURE 36	LINED VALVE MARKET, BY MATERIAL	88 
TABLE 45	LINED VALVE MARKET, BY MATERIAL, 2019–2022 (USD MILLION)	88 
TABLE 46	LINED VALVE MARKET, BY MATERIAL, 2023–2028 (USD MILLION)	89 
FIGURE 37	POLYTETRAFLUOROETHYLENE (PTFE) SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD	89 
7.2	POLYTETRAFLUOROETHYLENE (PTFE)	89 
7.2.1	INCREASING DEMAND FOR COST-EFFECTIVE LINED VALVES IN VARIOUS INDUSTRIES	89 
7.3	PERFLUOROALKOXY (PFA)	90 
7.3.1	GROWING ADOPTION OF PERFLUOROALOXY MATERIAL IN VARIOUS APPLICATIONS	90 
7.4	MODIFIED POLYTETRAFLUOROETHYLENE (TFM)	90 
7.4.1	RISING DEMAND FOR MODIFIED POLYTETRAFLUOROETHYLENE (TFM) ATTRIBUTED TO LOWER MOLECULAR WEIGHT THAN POLYTETRAFLUOROETHYLENE (PTFE)	90 
7.5	POLYCHLOROTRIFLUOROETHYLENE (PCTFE)	91 
7.5.1	HIGH USE OF POLYCHLOROTRIFLUOROETHYLENE IN VALVE SEAT MANUFACTURING	91 
7.6	OTHERS	91 
8	LINED VALVE MARKET, BY INDUSTRY	92 
8.1	INTRODUCTION	93 
FIGURE 38	LINED VALVE MARKET, BY INDUSTRY	93 
FIGURE 39	LINED VALVE MARKET, BY INDUSTRY	93 
TABLE 47	LINED VALVE MARKET, BY INDUSTRY, 2019–2022 (USD MILLION)	94 
TABLE 48	LINED VALVE MARKET, BY INDUSTRY, 2023–2028 (USD MILLION)	94 
8.2	CHEMICAL	94 
8.2.1	GROWING REQUIREMENT FOR SAFE AND RELIABLE PROCESSES	94 
TABLE 49	CHEMICAL: LINED VALVE MARKET, BY REGION, 2019–2022 (USD MILLION)	95 
TABLE 50	CHEMICAL: LINED VALVE MARKET, BY REGION, 2023–2028 (USD MILLION)	95 
TABLE 51	CHEMICAL: LINED VALVE MARKET, BY TYPE, 2019–2022 (USD MILLION)	95 
TABLE 52	CHEMICAL: LINED VALVE MARKET, BY TYPE, 2023–2028 (USD MILLION)	96 
8.3	PETROCHEMICAL	96 
8.3.1	RISING DEMAND ATTRIBUTED TO FLUID CORROSIVITY AND FLUID EROSION PROPERTIES	96 
TABLE 53	PETROCHEMICAL: LINED VALVE MARKET, BY REGION, 2019–2022 (USD MILLION)	96 
TABLE 54	PETROCHEMICAL: LINED VALVE MARKET, BY REGION, 2023–2028 (USD MILLION)	97 
TABLE 55	PETROCHEMICAL: LINED VALVE MARKET, BY TYPE, 2019–2022 (USD MILLION)	97 
TABLE 56	PETROCHEMICAL: LINED VALVE MARKET, BY TYPE, 2023–2028 (USD MILLION)	97 
8.4	PHARMACEUTICAL	98 
8.4.1	INCREASING DEMAND FOR HIGH-PURITY COMPOUNDS	98 
TABLE 57	PHARMACEUTICAL: LINED VALVE MARKET, BY REGION, 2019–2022 (USD MILLION)	98 
TABLE 58	PHARMACEUTICAL: LINED VALVE MARKET, BY REGION, 2023–2028 (USD MILLION)	98 
TABLE 59	PHARMACEUTICAL: LINED VALVE MARKET, BY TYPE, 2019–2022 (USD MILLION)	99 
TABLE 60	PHARMACEUTICAL: LINED VALVE MARKET, BY TYPE, 2023–2028 (USD MILLION)	99 
8.5	FOOD & BEVERAGE	99 
8.5.1	RISING IMPLEMENTATION OF LINED VALVES TO IMPROVE PROCESS EFFICIENCY	99 
TABLE 61	FOOD & BEVERAGE: LINED VALVE MARKET, BY REGION, 2019–2022 (USD MILLION)	100 
TABLE 62	FOOD & BEVERAGE: LINED VALVE MARKET, BY REGION, 2023–2028 (USD MILLION)	100 
TABLE 63	FOOD & BEVERAGE: LINED VALVE MARKET, BY TYPE, 2019–2022 (USD MILLION)	100 
TABLE 64	FOOD & BEVERAGE: LINED VALVE MARKET, BY TYPE, 2023–2028 (USD MILLION)	101 
8.6	PULP & PAPER	101 
8.6.1	INCREASING REQUIREMENT FOR HIGH-QUALITY PRODUCTS WITHOUT CONTAMINATION	101 
TABLE 65	PULP & PAPER: LINED VALVE MARKET, BY REGION, 2019–2022 (USD MILLION)	101 
TABLE 66	PULP & PAPER: LINED VALVE MARKET, BY REGION, 2023–2028 (USD MILLION)	102 
TABLE 67	PULP & PAPER: LINED VALVE MARKET, BY TYPE, 2019–2022 (USD MILLION)	102 
TABLE 68	PULP & PAPER: LINED VALVE MARKET, BY TYPE, 2023–2028 (USD MILLION)	102 
8.7	OTHERS	103 
TABLE 69	OTHERS: LINED VALVE MARKET, BY REGION, 2019–2022 (USD MILLION)	103 
TABLE 70	OTHERS: LINED VALVE MARKET, BY REGION, 2023–2028 (USD MILLION)	103 
TABLE 71	OTHERS: LINED VALVE MARKET, BY TYPE, 2019–2022 (USD MILLION)	104 
TABLE 72	OTHERS: LINED VALVE MARKET, BY TYPE, 2023–2028 (USD MILLION)	104 
9	LINED VALVE MARKET, BY REGION	105 
9.1	INTRODUCTION	106 
FIGURE 40	INDIA TO REGISTER HIGHEST CAGR IN LINED VALVE MARKET DURING FORECAST PERIOD	106 
FIGURE 41	ASIA PACIFIC TO LEAD LINED VALVE MARKET DURING FORECAST PERIOD	107 
TABLE 73	LINED VALVE MARKET, BY REGION, 2019–2022 (USD MILLION)	107 
TABLE 74	LINED VALVE MARKET, BY REGION, 2023–2028 (USD MILLION)	107 
9.2	NORTH AMERICA	108 
FIGURE 42	NORTH AMERICA: SNAPSHOT OF LINED VALVE MARKET	108 
FIGURE 43	US TO REGISTER HIGHEST CAGR IN NORTH AMERICAN LINED VALVE MARKET DURING FORECAST PERIOD	109 
TABLE 75	NORTH AMERICA: LINED VALVE MARKET, BY COUNTRY, 2019–2022 (USD MILLION)	109 
TABLE 76	NORTH AMERICA: LINED VALVE MARKET, BY COUNTRY, 2023–2028 (USD MILLION)	109 
TABLE 77	NORTH AMERICA: LINED VALVE MARKET, BY INDUSTRY, 2019–2022 (USD MILLION)	110 
TABLE 78	NORTH AMERICA: LINED VALVE MARKET, BY INDUSTRY, 2023–2028 (USD MILLION)	110 
TABLE 79	NORTH AMERICA: LINED VALVE MARKET, BY TYPE, 2019–2022 (USD MILLION)	110 
TABLE 80	NORTH AMERICA: LINED VALVE MARKET, BY TYPE, 2023–2028 (USD MILLION)	111 
9.2.1	US	111 
9.2.1.1	Expanding pharmaceutical and chemical industries	111 
9.2.2	CANADA	112 
9.2.2.1	Rising demand for lined valves in chemical and mining industries to avoid contamination and corrosion	112 
9.2.3	MEXICO	112 
9.2.3.1	Developing industrial sector	112 
9.3	EUROPE	113 
FIGURE 44	EUROPE: SNAPSHOT OF LINED VALVE MARKET	113 
FIGURE 45	GERMANY TO REGISTER HIGHEST CAGR IN EUROPEAN LINED VALVE MARKET DURING FORECAST PERIOD	114 
TABLE 81	EUROPE: LINED VALVE MARKET, BY COUNTRY, 2019–2022 (USD MILLION)	114 
TABLE 82	EUROPE: LINED VALVE MARKET, BY COUNTRY, 2023–2028 (USD MILLION)	114 
TABLE 83	EUROPE: LINED VALVE MARKET, BY INDUSTRY, 2019–2022 (USD MILLION)	115 
TABLE 84	EUROPE: LINED VALVE MARKET, BY INDUSTRY, 2023–2028 (USD MILLION)	115 
TABLE 85	EUROPE: LINED VALVE MARKET, BY TYPE, 2019–2022 (USD MILLION)	115 
TABLE 86	EUROPE: LINED VALVE MARKET, BY TYPE, 2023–2028 (USD MILLION)	116 
9.3.1	UK	116 
9.3.1.1	Increasing investments in process industries	116 
9.3.2	GERMANY	117 
9.3.2.1	Growing paper consumption	117 
9.3.3	FRANCE	117 
9.3.3.1	Government-led initiatives to boost growth of chemical industry	117 
9.3.4	ITALY	118 
9.3.4.1	Growing agriculture, chemical, and petrochemical industries	118 
9.3.5	REST OF EUROPE	118 
9.4	ASIA PACIFIC	119 
FIGURE 46	ASIA PACIFIC: SNAPSHOT OF LINED VALVE MARKET	119 
FIGURE 47	CHINA TO LEAD ASIA PACIFIC LINED VALVE MARKET DURING FORECAST PERIOD	120 
TABLE 87	ASIA PACIFIC: LINED VALVE MARKET, BY COUNTRY, 2019–2022 (USD MILLION)	120 
TABLE 88	ASIA PACIFIC: LINED VALVE MARKET, BY COUNTRY, 2023–2028 (USD MILLION)	120 
TABLE 89	ASIA PACIFIC: LINED VALVE MARKET, BY INDUSTRY, 2019–2022 (USD MILLION)	121 
TABLE 90	ASIA PACIFIC: LINED VALVE MARKET, BY INDUSTRY, 2023–2028 (USD MILLION)	121 
TABLE 91	ASIA PACIFIC: LINED VALVE MARKET, BY TYPE, 2019–2022 (USD MILLION)	121 
TABLE 92	ASIA PACIFIC: LINED VALVE MARKET, BY TYPE, 2023–2028 (USD MILLION)	122 
9.4.1	CHINA	122 
9.4.1.1	Expanding semiconductor and pharmaceutical industries	122 
9.4.2	JAPAN	123 
9.4.2.1	Presence of leading semiconductor equipment manufacturers	123 
9.4.3	INDIA	123 
9.4.3.1	Increasing adoption of lined valves in power industry	123 
9.4.4	SOUTH KOREA	123 
9.4.4.1	Expanding process industries	123 
9.4.5	REST OF ASIA PACIFIC	124 
9.5	ROW	124 
FIGURE 48	MIDDLE EAST TO LEAD ROW LINED VALVE MARKET DURING FORECAST PERIOD	124 
TABLE 93	ROW: LINED VALVE MARKET, BY REGION, 2019–2022 (USD MILLION)	124 
TABLE 94	ROW: LINED VALVE MARKET, BY REGION, 2023–2028 (USD MILLION)	125 
TABLE 95	ROW: LINED VALVE MARKET, BY INDUSTRY, 2019–2022 (USD MILLION)	125 
TABLE 96	ROW: LINED VALVE MARKET, BY INDUSTRY, 2023–2028 (USD MILLION)	125 
TABLE 97	ROW: LINED VALVE MARKET, BY TYPE, 2019–2022 (USD MILLION)	126 
TABLE 98	ROW: LINED VALVE MARKET, BY TYPE, 2023–2028 (USD MILLION)	126 
9.5.1	MIDDLE EAST & AFRICA	126 
9.5.1.1	Increasing investments in chemical and petrochemical industries	126 
9.5.2	SOUTH AMERICA	127 
9.5.2.1	Booming petrochemical industry	127 
10	COMPETITIVE LANDSCAPE	128 
10.1	INTRODUCTION	128 
10.1.1	OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS IN LINED VALVE MARKET	128 
10.2	REVENUE ANALYSIS OF TOP FIVE PLAYERS	130 
FIGURE 49	TOP FIVE PLAYERS IN LINED VALVE MARKET, 2017–2021	130 
10.3	MARKET SHARE ANALYSIS	131 
TABLE 99	LINED VALVE MARKET: MARKET SHARE OF KEY COMPANIES	131 
10.4	COMPANY EVALUATION QUADRANT, 2022	133 
10.4.1	STARS	133 
10.4.2	EMERGING LEADERS	133 
10.4.3	PERVASIVE PLAYERS	133 
10.4.4	PARTICIPANTS	133 
FIGURE 50	LINED VALVE MARKET (GLOBAL): COMPANY EVALUATION QUADRANT, 2022	134 
10.5	SMALL AND MEDIUM-SIZED ENTERPRISE (SME) EVALUATION QUADRANT, 2022	135 
10.5.1	PROGRESSIVE COMPANIES	135 
10.5.2	RESPONSIVE COMPANIES	135 
10.5.3	DYNAMIC COMPANIES	135 
10.5.4	STARTING BLOCKS	135 
FIGURE 51	LINED VALVE MARKET (GLOBAL): SME EVALUATION QUADRANT, 2022	136 
10.6	COMPANY FOOTPRINT	137 
TABLE 100	TYPE: COMPANY FOOTPRINT	137 
TABLE 101	MATERIAL: COMPANY FOOTPRINT	138 
TABLE 102	INDUSTRY: COMPANY FOOTPRINT	139 
10.7	COMPETITIVE BENCHMARKING	140 
TABLE 103	INDUSTRIAL VALVE MARKET: DETAILED LIST OF KEY STARTUPS/SMES	140 
TABLE 104	INDUSTRIAL VALVE MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES	141 
10.8	COMPETITIVE SCENARIOS AND TRENDS	143 
10.8.1	PRODUCT LAUNCHES	143 
TABLE 105	LINED VALVE MARKET: PRODUCT LAUNCHES	143 
10.8.2	DEALS	144 
TABLE 106	LINED VALVE MARKET: DEALS	144 
11	COMPANY PROFILES	145 
11.1	KEY PLAYERS	145 
(Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments)* 
11.1.1	EMERSON	145 
TABLE 107	EMERSON: COMPANY OVERVIEW	145 
FIGURE 52	EMERSON: COMPANY SNAPSHOT	146 
TABLE 108	EMERSON: PRODUCTS/SOLUTIONS/SERVICES OFFERED	146 
11.1.2	FLOWSERVE CORPORATION	148 
TABLE 109	FLOWSERVE CORPORATION: COMPANY OVERVIEW	148 
FIGURE 53	FLOWSERVE CORPORATION: COMPANY SNAPSHOT	149 
TABLE 110	FLOWSERVE CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED	149 
TABLE 111	FLOWSERVE CORPORATION: DEALS	150 
11.1.3	NELES (VALMET)	152 
TABLE 112	NELES: COMPANY OVERVIEW	152 
FIGURE 54	NELES: COMPANY SNAPSHOT	152 
TABLE 113	NELES: PRODUCTS/SOLUTIONS/SERVICES OFFERED	153 
TABLE 114	NELES: DEALS	153 
11.1.4	CRANE CO.	155 
TABLE 115	CRANE CO.: COMPANY OVERVIEW	155 
FIGURE 55	CRANE CO.: COMPANY SNAPSHOT	156 
TABLE 116	CRANE CO.: PRODUCTS/SOLUTIONS/SERVICES OFFERED	156 
11.1.5	KITZ CORPORATION	158 
TABLE 117	KITZ CORPORATION: COMPANY OVERVIEW	158 
FIGURE 56	KITZ CORPORATION: COMPANY SNAPSHOT	158 
TABLE 118	KITZ CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED	159 
11.1.6	ENTEGRIS	160 
TABLE 119	ENTEGRIS: COMPANY OVERVIEW	160 
FIGURE 57	ENTEGRIS: COMPANY SNAPSHOT	161 
TABLE 120	ENTEGRIS: PRODUCTS/SOLUTIONS/SERVICES OFFERED	162 
11.1.7	SAMSON	163 
TABLE 121	SAMSON: COMPANY OVERVIEW	163 
TABLE 122	SAMSON: PRODUCTS/SOLUTIONS/SERVICES OFFERED	163 
11.1.8	BRAY INTERNATIONAL	165 
TABLE 123	BRAY INTERNATIONAL: COMPANY OVERVIEW	165 
TABLE 124	BRAY INTERNATIONAL: PRODUCTS/SOLUTIONS/SERVICES OFFERED	165 
11.1.9	CHEMVALVE-SCHMID AG	166 
TABLE 125	CHEMVALVE-SCHMID AG: COMPANY OVERVIEW	166 
TABLE 126	CHEMVALVE-SCHMID AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED	166 
TABLE 127	CHEMVALVE-SCHMID AG: PRODUCT LAUNCHES	167 
11.1.10	EBRO ARMATUREN GEBR. BRÖER GMBH	168 
TABLE 128	EBRO ARMATUREN GEBR. BRÖER GMBH: COMPANY OVERVIEW	168 
TABLE 129	EBRO ARMATUREN GEBR. BRÖER GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED	168 
11.1.11	GEMÜ GROUP	169 
TABLE 130	GEMÜ GROUP: COMPANY OVERVIEW	169 
TABLE 131	GEMÜ GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED	169 
TABLE 132	GEMÜ GROUP: PRODUCT LAUNCHES	170 
11.1.12	AVK GROUP	171 
TABLE 133	AVK GROUP: COMPANY OVERVIEW	171 
TABLE 134	AVK GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED	171 
11.1.13	BCST GROUP CO., LTD.	172 
TABLE 135	BCST GROUP CO., LTD.: COMPANY OVERVIEW	172 
TABLE 136	BCST GROUP CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED	172 
11.1.14	CHEM FLOWTRONICS	173 
TABLE 137	CHEM FLOWTRONICS: COMPANY OVERVIEW	173 
TABLE 138	CHEM FLOWTRONICS: PRODUCTS/SOLUTIONS/SERVICES OFFERED	173 
11.1.15	MAYUR (VALVES) SYSTEM PRIVATE LIMITED	174 
TABLE 139	MAYUR (VALVES) SYSTEM PRIVATE LIMITED: COMPANY OVERVIEW	174 
TABLE 140	MAYUR (VALVES) SYSTEM PRIVATE LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED	174 
*Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments might not be captured in case of unlisted companies. 
11.2	OTHER PLAYERS	175 
11.2.1	FLO-TITE INC.	175 
TABLE 141	FLO-TITE INC.: COMPANY OVERVIEW	175 
11.2.2	TRILLIUM FLOW TECHNOLOGIES	175 
TABLE 142	TRILLIUM FLOW TECHNOLOGIES: COMPANY OVERVIEW	175 
11.2.3	SWISSFLUID	176 
TABLE 143	SWISSFLUID: COMPANY OVERVIEW	176 
11.2.4	RICHTER CHEMIE-TECHNIK GMBH	176 
TABLE 144	RICHTER CHEMIE-TECHNIK GMBH: COMPANY OVERVIEW	176 
11.2.5	GEFA PROCESSTECHNIK GMBH	177 
TABLE 145	GEFA PROCESSTECHNIK GMBH: COMPANY OVERVIEW	177 
11.2.6	YOUFUMI VALVE & PIPE CO., LTD.	177 
TABLE 146	YOUFUMI VALVE & PIPE CO., LTD.: COMPANY OVERVIEW	177 
11.2.7	FRENSTAR	178 
TABLE 147	FRENSTAR: COMPANY OVERVIEW	178 
11.2.8	FLUOROSEAL GROUP	178 
TABLE 148	FLUOROSEAL GROUP: COMPANY OVERVIEW	178 
11.2.9	4MATIC GLOBAL VALVE AUTOMATION	179 
TABLE 149	4MATIC GLOBAL VALVE AUTOMATION: COMPANY OVERVIEW	179 
11.2.10	ABLAZE POLYMER & LINING	179 
TABLE 150	ABLAZE POLYMER & LINING: COMPANY OVERVIEW	179 
12	ADJACENT AND RELATED MARKETS	180 
12.1	INTRODUCTION	180 
12.2	LIMITATIONS	180 
12.3	INDUSTRIAL VALVE MARKET, BY TYPE	181 
12.3.1	INTRODUCTION	181 
TABLE 151	INDUSTRIAL VALVE MARKET, BY TYPE, 2017–2020 (USD BILLION)	181 
TABLE 152	INDUSTRIAL VALVE MARKET, BY TYPE, 2021–2026 (USD BILLION)	181 
12.4	BALL VALVE	182 
12.4.1	BALL VALVES TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD	182 
TABLE 153	BALL VALVE MARKET, BY END-USER INDUSTRY, 2017–2020 (USD MILLION)	183 
TABLE 154	BALL VALVE MARKET, BY END-USER INDUSTRY, 2021–2026 (USD MILLION)	183 
12.4.1.1	Trunnion-mounted ball valves	184 
12.4.1.2	Floating ball valves	184 
12.4.1.3	Rising stem ball valves	184 
12.5	BUTTERFLY VALVE	184 
12.5.1	BUTTERFLY VALVES TO ACCOUNT FOR MAJOR MARKET SHARE OWING TO RELIABLE FIELD OPERATIONS, TIGHT SHUT-OFF, AND PRECISE CONTROL	184 
TABLE 155	BUTTERFLY VALVE MARKET, BY END-USER INDUSTRY, 2017–2020 (USD MILLION)	185 
TABLE 156	BUTTERFLY VALVE MARKET, BY END-USER INDUSTRY, 2021–2026 (USD MILLION)	185 
12.5.1.1	Zero-offset butterfly valves	186 
12.5.1.2	Double-offset butterfly valves	186 
12.5.1.3	Triple-offset butterfly valves	186 
12.6	CHECK VALVE	187 
12.6.1	CHECK VALVES ADOPTED FOR APPLICATIONS REQUIRING UNIDIRECTIONAL FLOW CONTROL	187 
TABLE 157	CHECK VALVE MARKET, BY END-USER INDUSTRY, 2017–2020 (USD MILLION)	187 
TABLE 158	CHECK VALVE MARKET, BY END-USER INDUSTRY, 2021–2026 (USD MILLION)	188 
12.7	DIAPHRAGM VALVE	188 
12.7.1	DIAPHRAGM VALVES HIGHLY ADOPTED IN PHARMACEUTICAL AND CHEMICAL INDUSTRIES TO AVOID CONTAMINATION	188 
TABLE 159	DIAPHRAGM VALVE MARKET, BY END-USER INDUSTRY, 2017–2020 (USD MILLION)	189 
TABLE 160	DIAPHRAGM VALVE MARKET, BY END-USER INDUSTRY, 2021–2026 (USD MILLION)	189 
12.8	GATE VALVE	190 
12.8.1	GATE VALVES WIDELY ADOPTED FOR ON/OFF APPLICATIONS	190 
TABLE 161	GATE VALVE MARKET, BY END-USER INDUSTRY, 2017–2020 (USD MILLION)	190 
TABLE 162	GATE VALVE MARKET, BY END-USER INDUSTRY, 2021–2026 (USD MILLION)	191 
12.8.1.1	Standard plate gate valves	191 
12.8.1.2	Wedge-type gate valves	191 
12.8.1.3	Knife-gate valves	192 
12.9	GLOBE VALVE	192 
12.9.1	GLOBE VALVES TO HOLD SECOND-LARGEST MARKET SIZE BY 2026	192 
TABLE 163	GLOBE VALVE MARKET, BY END-USER INDUSTRY, 2017–2020 (USD MILLION)	192 
TABLE 164	GLOBE VALVE MARKET, BY END-USER INDUSTRY, 2021–2026 (USD MILLION)	193 
12.10	PLUG VALVE	193 
12.10.1	MARKET FOR PLUG VALVES TO WITNESS SUBSTANTIAL GROWTH IN NEXT FEW YEARS	193 
TABLE 165	PLUG VALVE MARKET, BY END-USER INDUSTRY, 2017–2020 (USD MILLION)	194 
TABLE 166	PLUG VALVE MARKET, BY END-USER INDUSTRY, 2021–2026 (USD MILLION)	194 
12.11	SAFETY VALVE	195 
12.11.1	SAFETY VALVES HIGHLY ADOPTED IN OIL & GAS, ENERGY & POWER, AND CHEMICAL INDUSTRIES	195 
TABLE 167	SAFETY VALVE MARKET, BY END-USER INDUSTRY, 2017–2020 (USD MILLION)	195 
TABLE 168	SAFETY VALVE MARKET, BY END-USER INDUSTRY, 2021–2026 (USD MILLION)	196 
13	APPENDIX	197 
13.1	INSIGHTS FROM INDUSTRY EXPERTS	197 
13.2	DISCUSSION GUIDE	198 
13.3	KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL	201 
13.4	CUSTOMIZATION OPTIONS	203 
13.5	RELATED REPORTS	203 
13.6	AUTHOR DETAILS	204 
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