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China and the United States became the most important global valve manufacturing markets

2022-05-20 Reading volume: 52038 times

In 2021, with the global valve manufacturing industry's current market situation and competition pattern, China and the United States became the most important global valve manufacturing markets.

——Valve is an important part of the traditional manufacturing industry

A valve is a pressure pipeline element, which is a device used to change the pipeline section and medium flow direction, and control the pressure, flow, and temperature of the transmission medium. It has the functions of diversion, closure, regulation, prevention of backflow, diversion, or overflow pressure relief. It is widely used in various main fields of the national economy. It is a piece of the important equipment in energy, petrochemical, metallurgy, electric power, and other industries. It is one of the key equipment in fixed assets such as machinery and pipelines.

Valves have a wide range of uses, a wide variety, and many classification methods. The general can be divided into two categories:

——Valve development has gone through four stages

The emergence of valves in the world can be traced back to the spring and Autumn Period and the Warring States period in China, as well as the civilization period of ancient Egypt and ancient Greece. However, the valves generally recognized in the world first appeared in the ancient Roman period. The ancient Romans developed a quite complex water system for crop irrigation, adopted plug valves and plunger valves, and used check valves to prevent water reverse flow. During the Renaissance, valves were also used in ditches, irrigation projects, and other large-scale hydraulic system projects designed by artist and inventor Da Vinci.

After the Second World War, due to the need for post-war reconstruction in many countries, as well as the development of various special materials, including polymerization materials, smooth materials, stainless steel, and cobalt-based cemented carbide, the old plug valves and butterfly valves were used newly, and the ball valves and diaphragm valves based on the evolution of plug valves were developed rapidly. The types of globe valves, gate valves, and other valves are added, and the quality is improved. Make the valve manufacturing industry gradually become an important department of the machinery industry.

Up to now, with the development of industry and technology, valves have already penetrated all walks of life. From the construction industry to the electronic industry, from the petrochemical industry to the aerospace industry, valves play an important role.

——The downstream industries of valves are mainly oil and gas, chemical industry, energy, and other industries

According to the data released by McIlvaine, the downstream industries of valve manufacturing include oil and gas, energy, refining and chemical industry, chemical industry, wastewater, papermaking, irrigation, steel, medicine, and other industries. Among them, the oil and natural gas industry have the greatest demand for valves, accounting for 17% in the downstream industry of valve manufacturing, and the second and third industries are energy and refining and chemical industry, accounting for 14% and 13% respectively.

——The market size has exceeded 70 billion US dollars

Due to the early emergence of the valve manufacturing industry and the relatively complete development of the overall market worldwide, the growth rate in recent years is not fast, and the compound growth rate from 2015 to 2020 is only 3.9%. According to GIA's data, the market size of the global valve manufacturing industry in 2020 was US $73.2 billion.

——The United States and China have become the largest valve manufacturing markets in the world

The international valve market has been very active in recent years, and the competition is quite fierce. The import and export of valves in East and Southeast Asia grew rapidly, the market trade between developed countries such as North America and the European community continued to develop, and the export of countries and regions such as Germany, Italy, Japan, and China expanded, and the rapid growth of imports from countries such as the United States, Britain, and France formed the support point for the prosperity of the international valve market.

Due to the further internationalization of the world economy, multinational corporations continue to promote the development of the international valve market, and the regionalization of international trade has become another major feature. In addition, due to the rising cost and other factors, the main valve producing countries such as Italy, Japan, and South Korea have transferred their industries to developing countries and regions, so China has become the main producer of medium and low-end valves.

Overall, at present, the global valve manufacturing industry is in a period of industrial transformation, and the wide application downstream is doomed that it will not be eliminated in the short term. The impact of the fourth industrial revolution will accelerate the transformation and development of the valve manufacturing industry.