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The sanitary valves market is estimated to increase by USD 603.86 million between 2022 and 2027. The size of the market is forecast to grow at a CAGR of 5.16%. The growth of the market depends on several factors, including the rising use in food and beverages and pharmaceutical industry, the improvement in faucet actuators, and the increasing implementation of stringent regulations in end-user industry.
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The rising use in food and beverages and pharmaceutical industry is notably driving the market growth, although factors such as fluctuation in raw material prices may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Driver
The rising use in the food and beverages and pharmaceutical industry is one of the key factors driving the growth of the global market. The food and beverages and pharmaceutical industry are exhibiting high organic growth, driving the development of the global market. The demand for healthy and nutritious food and beverages has been growing owing to the rising health awareness among consumers. Ready-to-eat food is also gaining popularity. Furthermore, increasing online food aggregators are bolstering the demand for ready-to-eat food in both developed and developing nations.
The rapid increase in population in APAC is creating a significant demand for food and beverages. This will boost the growth of the food and beverage industry in a few of the major economies such as India, China, Vietnam, and Thailand in APAC. Several new projects are expected to be commenced in the food and beverage industry in APAC, resulting in the growth of the region's pharmaceutical industry. Therefore, the growing use in the food and beverages and pharmaceutical industry is expected to drive the growth of the market in focus during the forecast period.
Significant Trend
The development of valve positioner technology will fuel the global market growth. Valve positioners are used for adjusting the positions of actuators based on a control signal. Pneumatic variants are the most commonly used faucet positioners. These products use air pressure to control actuators. An electric faucet uses electric signals, while an electro-pneumatic valve uses electricity and air to control these products. The above-mentioned faucet positioners have their own distinct advantages and disadvantages and are used in different applications. Therefore, end-users are opting for smart faucet positioners. This is also because digital devices are gaining significant acceptance in the industry.
Advances in sensor technology and a decrease in the cost of sensors are enabling valve positioners to deliver data regarding faucet stroke and thrust, output pressure to the actuator, temperature, faucet seat/plug wear, and valve performance. A smart positioner makes use of a microprocessor to control a faucet and facilitate accurate functioning. In addition, smart positioners can monitor and record data for online diagnostics. This can help in the early detection of any wear or tear in the product. Smart positioners also provide high accuracy and stability.
Major Challenge
The fluctuation in raw material prices is a major challenge for global market growth. The cost of raw materials is essential in faucet pricing and plays a key role in the profit margin of companies. Among the raw material costs, the direct material cost accounts for more than half of the total raw material cost for the product. A typical faucet is made of different raw materials such as copper, stainless steel, cast iron, aluminum, brass, and bronze. These raw materials are used in other industrial applications besides being used to manufacture faucets. This implies that any change in demand from other industry can impact the raw material price for faucet manufacturers. Specialized materials that can prevent corrosion formation and the growth of contaminants are required to manufacture these variants.
According to The London Metal Exchange, on March 23, 2020, the copper prices were USD 4,617.50/ton, which increased to USD 6,755/ton on October 19, 2020. Similarly, aluminum prices increased from USD 1,771/ton on January 1, 2020, to USD 1,848/ton on October 19, 2020. Derivative instruments can hedge the risk against price volatility. However, fluctuating prices will continue to represent a significant challenge for the market during the forecast period.
Key Market Customer Landscape
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Adamant Valves - The company offers sanitary faucets such as AV 2MEC encapsulated sanitary 3 piece ball faucets. Also, the company manufactures and supplies a line of sanitary valves such as sanitary butterfly faucets, sanitary ball valves, sanitary check valves, sanitary sight glasses, sanitary unions, and more.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market share growth by the pharmaceutical segment will be significant during the forecast period. The adoption in the pharmaceutical segment is increasing due to the high demand for sanitation in production processes in pharmaceutical plants. Each pharmaceutical product has a few specific requirements that need to be fulfilled. Any deviation from the production process can affect product quality. Regulations in the pharmaceutical industry are becoming stringent, leading to significant product recalls and harsh penalties for deviation in product quality. Consequently, the incorporation in the pharmaceutical industry has increased.
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The pharmaceutical segment was valued at USD 664.99 million in 2017 and continue to grow by 2021. In the pharmaceutical industry, they must possess good sanitary seals and drain capability. As the pharmaceutical industry deals with critical life-saving drugs, hygiene factors play a very crucial role in faucet manufacturing for this industry. The US Food and Drug Administration (FDA) directives ensure that the products used in this industry are corrosion-resistant and have a smooth surface to prevent fluids from getting stuck to the interior cavity. Owing to the criticality of operations and user-specific requirements in terms of faucet design, the demand is expected to grow in the pharmaceutical segment during the forecast period.
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APAC is estimated to contribute 44% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. APAC is the highest contributing region of the global market. The market in the region is expected to exhibit the same growth during the forecast period. The food and beverage industry has been growing rapidly in APAC because the region is home to a few of the most populated countries, resulting in high demand for food. The unorganized sector largely dominates the food and beverage industry in APAC. Many small and medium business enterprises in APAC are dispersed in different locations. With the growth of the e-commerce marketplace, small and medium business enterprises can cater to an expansive consumer base. International organizations are increasing investments in new breweries in APAC. This will increase the demand in the beverages industry in the region. Such factors will increase the market growth during the forecast period.
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
The Market is witnessing steady growth, driven by the stringent hygiene requirements in industries such as pharmaceuticals, chemicals, and the nonalcoholic beverage sector. Fristam Pumpen KG, GEA Group Aktiengesellschaft, and other key players offer hygienic pumps crucial for maintaining sanitation standards in production processes. With the advent of IIoT, remote monitoring capabilities enhance maintenance practices, reducing shutdown costs and minimizing downtime.
However, challenges persist with the presence of gray market players. The market caters to various nonalcoholic beverage segments, including soft drinks, coffee, cider, and juices. Companies like SPX FLOW, Inc., Dover Corporation, and Evoguard GmbH prioritize innovation to meet evolving industry demands, while IDEX Corporation strengthens its position through product portfolio diversification.
Sanitary Valves Market Scope |
|
Report Coverage |
Details |
Page number |
179 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.16% |
Market growth 2023-2027 |
USD 603.86 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
4.43 |
Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
Performing market contribution |
APAC at 44% |
Key countries |
US, China, India, Japan, and Germany |
Competitive landscape |
Leading companies, Market Positioning of companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Adamant Valves, Alfa Laval Corporate AB, APEX Industrial solutions, Assured Automation, Cashco Inc., Central States Industrial, CSK-BIO PTE LTD., Dixon Valve and Coupling Co. LLC , Emerson Electric Co, Haitima Corp., Haleson, Holland Applied Technologies Inc. , Integral Process Controls India (P) Ltd., ITT Inc., MISUMI Group Inc., Modentic Industrial Corp., Sanitary Fittings LLC, SMC S.r.l. , Swagelok Co., and Valtorc International |
Market dynamics |
Parent market analysis, market growth and trends, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period. |
Customization purview |
If our market research report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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