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Aseptic Stainless Steel Valve Market Size Forecast to Reach $4.4 Billion by 2026

(IT-NEWSWIRE.COM, April 06, 2022 ) The global Aseptic Stainless Steel Valve Market size is forecast to reach $4.4 billion by 2026, growing at 4.1% from 2021-2026. The increasing adoption of Aseptic Stainless Steel Valve in the food & beverage and chemical industries is set to be the major driver for the growth of the market over the forecast period. Additionally, adoption of Aseptic vavles with Stainless Steel parts and hygienic single seat valves increase the demand for medical applications during the pandemic situation and will accelerate the market growth scope for Aseptic Stainless Steel Valve companies during the forecast period. Moreover, development of smart valve positioners and hygenic control valves is set to be one of the factors that will assist the market growth in future. Furthermore, increasing government initiatives for development of pharmaceutical industry has been contributing to the market growth in the long run. Such factors are analyzed to drive the market during the forecast period 2021-2026.



Aseptic Stainless Steel Valve Market Segment Analysis - By Industry

Based on industry segmentation, Food & Beverage industry is analyzed to grow with the highest CAGR of around 5.9% in the global Aseptic Stainless Steel Valve Market during the forecast period 2021-2026. In the Food and beverage industry, Aseptic Stainless Steel valves are used to maintain high level of hygiene during the production process. Food and beverage industry involves in Low-germ and sterile processes that are required for the filling and mixing of foodstuffs and beverages as well as for the cleaning of filling and production equipment. Additionally, Aseptic Stainless Steel Valve is used to control fluid systems in food & beverage industry. Furthermore, government incentives for food processing sector will create opportunities for the growth of the Aseptic Stainless Steel Valve market. For instance, In March 2021, Government of India sanctioned a production-linked incentive (PLI) scheme for the food processing sector, allocated approx $1.5 Billion to boost the food processing capacity to generate processed food. Such investments can further influence the market growth in the long run.



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Aseptic Stainless Steel Valve Market Segment Analysis - By Valve Type

Ball valves account for the significant share in the Aseptic stainless steel valves with a share of 39.9% share in 2020. The factors such as increasing manufacturing activities that focus on targeting operational quality and energy efficiency and increasing penetration of digitalization in the food & beverage, chemical as well as pharmaceuticals industries have been contributing to the market growth across the globe in long run. In chemical industries, aseptic stainless steel valves are mostly used for application in the field of fine chemical processes that require high levels of purity to avoid any contamination. Additionally, the establishment of chemical plants will create opportunities for the growth of the Aseptic Stainless Steel Valve market.



Aseptic Stainless Steel Valve Market Segment Analysis - By Geography

APAC held the highest Aseptic Stainless Steel Valve Market share of around 36.6% in the global Aseptic Stainless Steel Valve market in 2020 and is further set to grow at a significant rate during the forecast period 2021-2026, owing to surge in the use of Aseptic Stainless Steel Valve in chemical and pharmaceutical industries with growing hygiene awareness. In January 2021, Ultramarine & pigments have successfully commissioned the Sulphonation plant setup in Nellore, Andhra Pradesh, India, to manufacture surfactants and specialty chemicals, thereby increasing the adoption of Aseptic Stainless Steel Valve to ensure hygiene. Furthermore, government investment in development of chemical industry will create opportunities for the growth of the market. In February 2021, The Government of India announced the Union Budget 2021-22, under which the government allocated US$ 32.2 million to the Department of Chemicals and Petrochemicals to launch a production linked incentive (PLI) scheme to boost domestic chemical manufacturing and exports. Such investments can further influence the market growth of Aseptic Stainless Steel Valve in the long run.



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Aseptic Stainless Steel Valve Market Drivers

Increasing adoption of Aseptic Stainless Steel Valve in pharmaceutical industry to drive market growth

The growing adoption of Aseptic Stainless Steel Valve in pharmaceutical industry is set to be one of the major factors analyzed to drive the market forward during the forecast period 2021-2026. In pharmaceutical industry, aseptic valves play a crucial role in fermentation and separation plants for the production of active ingredients and vaccines. It also helps in cleaning and sterilization applications. Aseptic valves are often used for the production of pharmaceutical water of different quality and sterile steam. Moreover, government investments in domestic manufacturing of Active Pharmaceutical Ingredients have accelerated the use of Aseptic Stainless Steel Valve in pharmaceutical industry. In July 2020, Government of India announced that it approved $940 Million Production Linked Incentive (PLI) Scheme for production of domestic manufacturing of Drug Intermediates (DIs) and Active Pharmaceutical Ingredients, thus increasing the demand of Aseptic Stainless Steel Valve among the pharmaceutical companies. Such investments can further influence the market growth of Aseptic Stainless Steel Valve in the long run.



Technological advancement like development of smart valve positioners technology is set to be one of the factors that can drive the market forward

Development of smart valve positioners is set to be one of the factors that can drive the market forward during the forecast period 2021-2026 with the smart valve positioner industry growing to over $1bn by 2026. Valve positioners provide information on valve stroke and thrust, valve seat wear or plug wear and valve performance due to the technological advancements in sensor technology as well as the decrease price of sensors. Smart valve positioner use microprocessor to manage the valve and smooth exact operation. Moreover, aseptic valve manufacturing companies provide smart valve positioners to observe and record data for online diagnosis, thus helping in early diagnosis of tear in valves. In April 2020, Rotork launched new enhanced digital smart valve positioners i.e. YT-3700 to monitor graphic display of valve position as well as internal temperature board overtime. Furthermore, owing to its benefits such as high precision and stability, adoption of smart positioners increases among industries, which further augmenting the growth of the Aseptic Stainless Steel Valve in the next few years.



Aseptic Stainless Steel Valve Market Challenges

Lack of proper standard certifications and government regulations will hinder growth

Lack of proper standard certifications and government policies act as a major challenge restraining the market growth of Aseptic Stainless Steel Valve. The manufacturers of valve are facing country-specific certifications and policies with respect to valves. The manufacturers need to follow certain norms and regulations in terms of valves. This factor creates a difference in demand from industries which is hindering the growth of the Aseptic Stainless Steel Valve market as manufacturing companies have to amend the same product according to the country-specific policies, making it difficult for the manufacturers to gain an ideal cost of installation. Owing to the above mentioned factor, use Aseptic Stainless Steel Valve of will be significantly impacted, thus hampering its market growth.



Aseptic Stainless Steel Valve Market Landscape

Partnership, Acquisitions, Collaboration, technology launches and R&D activities are key strategies adopted by players in the Aseptic Stainless Steel Valve Market. The Aseptic Stainless Steel Valve Market top 10 companies include:



Schubert & Salzer Control Systems GmbH

Kieselmann GmbH

Alfa Laval AB

Armaturenwerk Hotensleben GmbH

Emerson Electric Co

SPX Flow Inc

GEA Group AG

Flowserve Corporation

ITT Corporation

Definox SA.



Acquisitions/Technology Launches

In April 2021, Alfa Laval AB announced that it expanded its range of Unique DV-ST Ultrapure diaphragm valves to boost aseptic processing across the food and pharmaceutical industries. The new range encompasses slimmer stainless steel ultrapure actuators and lightweight cast valve bodies to optimize performance.

In May 2019, GEA Group AG launched new Aseptic double-chamber valve to increase shelf life of beverages. The valve is designed with a sterile leakage chamber which is sealed from the atmosphere by two side valves to raises hygiene standards to an Ultraclean level, thereby increasing the shelf life of soft drinks, fruit juices and beverages such as dairy.



Key Takeaways

Food & Beverage industry are anticipated to grow with the highest CAGR of around 5.9% in the global Aseptic Stainless Steel Valve Market during the forecast period 2021-2026, owing to the adoption of aseptic valve for fluid management systems.

APAC region is analyzed to witness the fastest growth in the global Aseptic Stainless Steel Valve market during 2021-2026, owing to rapid growth of chemical industry.

Rising adoption of Aseptic Stainless Steel Valve in pharmaceutical industry is set to be one of the major factors analyzed to drive the market forward over the forecast period.



Relevant Report Titles



A. Control Valves Market

https://www.industryarc.com/Report/10625/control-valves-market.html



B. Valves and Fittings Market

https://www.industryarc.com/Report/18680/valves-and-fittings-market.html



For more Automation and Instrumentation Market reports, please click here



About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.



About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

IndustryARC

Venkat Reddy

(+1) 970-236-3677

venkat@industryarc.com

Source: EmailWire.Com

Source: EmailWire.com

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