Butterfly Valve Market Size and Share
Butterfly Valve Market Analysis by Mordor Intelligence
The butterfly valves market is valued at USD 13.7 billion in 2025 and is forecast to reach USD 19.4 billion by 2030, advancing at a 7.20% CAGR. Momentum stems from parallel spending on legacy oil-and-gas projects and new-energy assets such as green-hydrogen plants that specify triple-offset valves for leak-tight service. Supply-side expansion in China, India and Southeast Asia keeps average lead times stable even as demand rises, while aftermarket revenues grow because high-performance designs require specialist maintenance. Digital actuators with predictive diagnostics are lowering ownership costs, reinforcing adoption in municipal water upgrades financed through large public programs in the United States. Although fluoropolymer-lining prices eased late-2024, fresh PFAS-related rules in Europe could re-ignite input cost volatility, pressuring margins during 2025-2026.
Key Report Takeaways
- By valve type, high-performance designs accounted for 55% of the butterfly valve market share in 2024, while lined variants are poised for the fastest 8.20% CAGR to 2030.
- By design, double-offset models led with 40% revenue in 2024; triple-offset units are projected to grow at 8.50% CAGR through 2030.
- By function, on/off isolation captured 60% of the butterfly valves market size in 2024, whereas control applications advance at a 7.00% CAGR.
- By end user, oil and gas retained a 35% share of the butterfly valves market size in 2024; water & wastewater is rising fastest at 7.60% CAGR.
- By geography, Asia-Pacific held 40% of 2024 revenue; Middle East and Africa records the top 7.10% CAGR to 2030.
Global Butterfly Valve Market Trends and Insights
Drivers Impact Analysis
Driver | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
---|---|---|---|
Cross-border pipeline investments | +1.8% | Middle East, North America, APAC | Medium term (2-4 years) |
Municipal and industrial water upgrades | +1.5% | North America, Europe | Long term (≥ 4 years) |
Preference for high-performance shut-off | +1.2% | Global chemical and power sectors | Medium term (2-4 years) |
Triple-offset valves for green-hydrogen | +0.9% | Europe, North America, expanding APAC | Long term (≥ 4 years) |
IIoT-ready smart actuators | +0.8% | North America, Europe, Japan | Short term (≤ 2 years) |
Lightweight thermoplastic valves | +0.6% | Europe, North America, selective APAC | Medium term (2-4 years) |
Source: Mordor Intelligence |
Increasing investments in oil and gas refineries and cross-border pipelines
Mega-pipelines such as the 1,443 km East African Crude Oil Pipeline require 65 high-pressure block-valve stations, creating sizable orders for 20-40 in butterfly valves. [1]Zawya, “East African Crude Oil Pipeline Set for Completion,” zawya.com PETRONAS plans more than 400 well drills between 2025-2027, sustaining upstream demand for high-pressure valves. Long-distance hydrocarbon transport pushes diameters beyond 48 in, encouraging suppliers to upgrade casting and machining capacity. Material selection is shifting toward duplex stainless and Inconel to resist sour-service corrosion. Concurrent renewables build-outs add cooling-circuit needs, blending traditional and new-energy orders within the butterfly valves market.
Expansion of municipal and industrial water-wastewater infrastructure
The City of Akron earmarked USD 380.9 million for 2025 water projects, including USD 141 million for sewer compliance, placing steady orders for resilient-seated butterfly valves. Middlesex County Utilities Authority’s USD 23.066 million upgrade swaps aging butterfly valves for more efficient plug valves, illustrating the periodic replacement cycle. NSF/ANSI-certified products now dominate potable-water bids, driving R&D toward lead-free alloys. Cities such as Aurora mandate actuator orientation standards that enhance operator safety and asset management. Long-term funding certainty enables valve makers to blueprint capacity additions with lower risk.
Demand for high-performance valves with tight shut-off and high durability
Emerson’s Q1 2025 project funnel reached USD 10.4 billion, much of it tied to decarbonization retrofits that specify fire-safe or zero-leak butterfly valves. Chemical processors target fugitive-emission cuts, elevating triple-offset designs with certified <100 ppm leakage. Flowserve’s purchase of MOGAS bolstered severe-service coverage for erosive slurries. Nuclear builds such as Zhangzhou specify seismic-qualified butterfly valves, lengthening qualification cycles but raising aftermarket annuities. Overall, rising reliability standards lift average selling prices across the butterfly valves market.
Triple-offset valves adopted in green-hydrogen electrolyzers
Electrolyzers require bubble-tight isolation to maintain efficiency; triple-offset geometry avoids seal rubbing, ensuring zero leakage even after thousands of cycles. [2]ADAMS Armaturen GmbH, “Hydrogen Brochure,” adams-armaturen.de ADAMS markets hydrogen-rated valves with metallic sealing that withstand embrittlement. Emerson’s Keystone K-LOK Series 38 supports pressures up to 100 bar in gaseous hydrogen pipelines. Quadax’s 4-offset prototype pushes down to −253 °C for liquid-hydrogen transfer. As national hydrogen roadmaps mature, specialized sealing technology forms a defensible niche within the butterfly valves market.
Restraints Impact Analysis
Restraint | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
---|---|---|---|
Cavitation risk in low-pressure throttling | −0.8% | Global process industries | Short term (≤ 2 years) |
Price commoditization for low-spec valves | −1.2% | APAC manufacturing hubs, emerging markets | Medium term (2-4 years) |
Fluoropolymer supply volatility | −0.9% | Global chemical sector | Short term (≤ 2 years) |
Cyber-security concerns in IoT actuators | −0.5% | Digitally mature regions | Medium term (2-4 years) |
Source: Mordor Intelligence |
Cavitation/choke risk under low-pressure throttling
When pressure drop exceeds 30-40% of inlet pressure, vapor bubbles implode on the downstream face, eroding discs and seats. Modern plants seek sub-80 dBA noise and low vibration, so engineers increasingly switch to globe valves in critical loops. Bray’s Series 39 adopts silicon-carbide liners to curb erosion, but cost rises by 20-30% versus standard coatings. As advanced control systems proliferate, this inherent design limitation caps deeper penetration of throttling duties for the butterfly valves market.
Volatile supply and cost of fluoropolymer linings (PTFE/PFA)
EU proposals to restrict PFAS could shrink regional fluoropolymer value by EUR 6.2-18 billion between 2025-2030, heightening raw-material risk for lined-valve makers. Although PTFE prices steadied in late-2024, rising EV battery demand is likely to push them higher during 2025, pressuring margins. Valve OEMs debate forward-buying resin inventories versus redesigning with alternative linings, balancing working-capital drag against potential stock-outs.
Segment Analysis
By Type: High-Performance Dominance Meets Lined Growth
High-performance products captured 55% of 2024 revenue, underpinning the largest slice of the butterfly valves market share because process plants prioritize zero-leak reliability in hazardous media. Resilient-seated valves still move high volume for HVAC and benign fluids, but price competition from Asian suppliers thins margins. Lined variants expand at 8.20% CAGR, buoyed by chemical, pharmaceutical, and semicon fabs that require PTFE or PFA barriers against aggressive acids. Chinese producers now refine paste-extrusion techniques that improve bond strength, yet field reports cite occasional lining delamination under 10 bar service.
Innovation centers on modular bodies that accept interchangeable seat rings, allowing OEMs to assemble custom configurations from lean inventories. Triple-offset designs, though premium-priced, earn rising traction in hydrogen, LNG and severe-service circuits because metal-to-metal seals endure thermal shock. Such specialization lifts the average selling price and sustains profitability in the butterfly valves market.
Note: Segment shares of all individual segments available upon report purchase
By Design: Triple-Offset Innovation Accelerates
Double-offset geometry held 40% of 2024 sales, retaining mainstream status for refinery and power-plant isolation. Computational fluid-dynamics optimizes disc profiles, slicing pressure drop by 10-15% versus legacy patterns. Triple-offset units are forecast to post 8.50% CAGR, propelled by green-hydrogen electrolyzers that demand bidirectional, bubble-tight shut-off to safeguard efficiency. Concentric designs still dominate potable-water lines where pressures stay below 16 bar, but growth flattens as municipalities favour higher-performance seats for long-cycle replacement.
Quadax’s 4-offset prototype pushes application envelopes to −253 °C liquid-hydrogen transfer, hinting at a new top-end niche. Tooling complexity and exotic alloys raise entry barriers, lending established patent holders structural advantage. As a result, the butterfly valves market consolidates around a handful of firms that can finance advanced machining and cryogenic test loops.
By Function: Control Applications Drive Sophistication
Isolation service accounted for 60% of 2024 demand, underscoring the historical sweet spot for the butterfly valves market size at lower ownership cost. Yet control duty posts a brisk 7.00% CAGR as digital plants embed smart positioners to trim energy use. Modern disc-shaping and cam-profile seats extend linearity over 20-70% opening, enabling butterfly valves to displace costlier globe valves in non-critical loops.
IIoT-ready actuators deliver continuous torque and stem-friction diagnostics, cutting unplanned downtime. However, cavitation and rangeability constraints cap penetration in fine-tune services such as refinery fractionation. Consequently, OEMs bundle hybrid trim inserts or offer anti-cavitation cages to widen performance windows, safeguarding their share of the butterfly valves market even as process accuracy demands tighten.
Note: Segment shares of all individual segments available upon report purchase
By End-User Industry: Water Treatment Emerges
Oil and gas kept the largest 35% stake in 2024 revenue, powered by upstream drilling and cross-border pipelines [3]PETRONAS, “Activity Outlook 2025-2027,” petronas.com . Water and wastewater projects grow fastest at 7.60% CAGR through 2030 as U.S. municipalities deploy federal infrastructure funds for pipe rehabilitation. Chemical processors emphasize PTFE-lined solutions to meet stricter emission caps, pushing a higher mix of premium SKUs. Nuclear plants require ASME-III stamped valves with documented pedigree, adding qualification overhead yet locking in aftermarket revenues.
Food and beverage sites seek hygienic-design, crevice-free discs to support CIP cycles, while HVAC contractors drive volume for economical, resilient seats. This demand spread cushions OEMs against cyclicality, but also multiplies catalog complexity that favours digitally managed configuration platforms within the butterfly valves market.
Geography Analysis
Asia-Pacific generated 40% of 2024 revenue, underpinned by China’s CNY 13 billion (USD 1.8 billion) domestic market expanding at 5.86% CAGR. Chemical plants drive 25-30% of local demand, prompting Neway Valve to post 36.59% revenue growth in 2023. Shanghai Electric Power Valve Factory’s CNY 1 billion (USD 0.14 billion) smart-factory build illustrates ongoing regional capacity scale-up. India accelerates refinery and potable-water schemes, while Japan channels stimulus into hydrogen distribution, where KITZ rolls out triple-offset lines.
The Middle East and Africa lead growth at 7.10% CAGR as mega-projects like EACOP and Tanzania LNG proceed to final investment decisions, each specifying hundreds of large-bore butterfly valves. Gulf states promote hydrogen export corridors, demanding 600-lb-rated triple-offset units that few suppliers can certify. Local-content mandates spur joint ventures, altering sourcing strategies across the butterfly valves market.
North America shows replacement-led momentum as shale development stabilizes and municipalities roll out USD 1 billion-plus water programs [4]New Jersey Infrastructure Bank, “NJ Water Bank Surpasses USD 1B Milestone,” njib.gov. The Inflation Reduction Act funnels incentives toward electrolyzer manufacturing, lifting domestic valve orders for green-hydrogen loops. Europe faces PFAS-related cost headwinds but offsets them with aggressive decarbonization grants that require high-performance hydrogen-ready equipment. South America’s outlook hinges on commodity cycles; Brazil’s pre-salt fields and Argentina’s Vaca Muerta basin sustain baseline investment in flow-control hardware.

Competitive Landscape
The butterfly valves market features moderate fragmentation: the top five players command roughly 55-60% combined revenue, leaving material share for regional specialists. Emerson logged USD 17.61 billion 2024 revenue with 52.77% gross margin, leveraging its software-plus-hardware stack to defend pricing. Flowserve’s USD 3.4 billion sales grew 5% in 2024, and its MOGAS acquisition added severe-service capability. The all-stock Chart Industries–Flowserve merger will create a USD 19 billion enterprise value entity with 42% aftermarket revenue, signalling a pivot toward integrated process-technology platforms.
Specialists seize niches: ADAMS excels in hydrogen service with patented metallic seals, while Quadax pioneers 4-offset technology for cryogenic liquid hydrogen. AVK and Bray differentiate on NSF-certified potable-water lines and advanced actuation packages. Asian manufacturers grow export share in resilient-seated commodity SKUs, but often lack documentation depth for nuclear or hydrogen projects.
R&D centres on digital twins, cyber-secure actuators and advanced coatings. Patent filings referencing graphene-enhanced PTFE seats rose 12% year-over-year. Vendors bundle remote diagnostics into service agreements, pushing lifecycle-cost value propositions over initial capex. With large-scale consolidation underway, mid-tier firms may seek alliances or focus on regional specialization to stay relevant within the butterfly valves market.
Butterfly Valve Industry Leaders
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Emerson Electric Co.
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Flowserve Corporation
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AVK Holding A/S
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Alfa Laval AB
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L&T Valves Limited
- *Disclaimer: Major Players sorted in no particular order

Recent Industry Developments
- June 2025: Chart Industries and Flowserve agreed to merge in an all-stock deal, forming a USD 19 billion process-technology company expected to save USD 300 million annually within three years.
- April 2025: Shanghai Valve Factory secured butterfly-valve supply for Zhangzhou Nuclear Power Plant, while Antwei launched a digital plant capable of 20,000 smart valves annually.
- February 2025: The first integrated E-House main-line block-valve station for EACOP was completed, advancing the USD 5 billion pipeline toward 2026 start-up.
- February 2025: Shanghai Electric Power Valve Factory broke ground on a CNY 1 billion smart facility spanning 150,000 m², slated to go live in Oct 2026.
Global Butterfly Valve Market Report Scope
The butterfly Valve technology has evolved significantly over the years. These valves are especially well-suited for handling large flows of liquids or gases at relatively low pressures and for handling slurries or liquids with large amounts of suspended solids. The report offers a comprehensive analysis of the latest and historical trends in the butterfly valve market based on various segments. The market is Segmented by Type (High-Performance Butterfly Valve, Lined Butterfly Valve), Design (Concentric Butterfly Valve, Eccentric Butterfly Valve), Function (On/Off Valve, Control Valve), End-User Industry (Oil & Gas, Water & Wastewater, Energy & Power, Pharmaceutical, Chemical), and Geography. The study also offers the impact assessment of COVID-19 on the studied market.
By Type | High-Performance Butterfly Valves | ||
Lined Butterfly Valves | |||
Resilient-Seated Butterfly Valves | |||
Triple-Offset Butterfly Valves | |||
Others | |||
By Design | Concentric | ||
Double Offset | |||
Triple Offset | |||
By Function | On/Off (Isolation) | ||
Control | |||
Throttling | |||
By End-User Industry (Value) | Oil and Gas | ||
Water and Wastewater | |||
Energy and Power | |||
Chemical | |||
Pharmaceutical | |||
Food and Beverage | |||
HVAC and Building Services | |||
Pulp and Paper | |||
Others | |||
By Geography | North America | United States | |
Canada | |||
Mexico | |||
South America | Brazil | ||
Argentina | |||
Rest of South America | |||
Europe | Germany | ||
United Kingdom | |||
France | |||
Italy | |||
Spain | |||
Russia | |||
Rest of Europe | |||
Asia-Pacific | China | ||
India | |||
Japan | |||
South Korea | |||
Australia | |||
Rest of Asia-Pacific | |||
Middle East and Africa | Middle East | South Africa | |
Egypt | |||
Rest of Africa | |||
Africa | Brazil | ||
Argentina | |||
Rest of South America |
High-Performance Butterfly Valves |
Lined Butterfly Valves |
Resilient-Seated Butterfly Valves |
Triple-Offset Butterfly Valves |
Others |
Concentric |
Double Offset |
Triple Offset |
On/Off (Isolation) |
Control |
Throttling |
Oil and Gas |
Water and Wastewater |
Energy and Power |
Chemical |
Pharmaceutical |
Food and Beverage |
HVAC and Building Services |
Pulp and Paper |
Others |
North America | United States | |
Canada | ||
Mexico | ||
South America | Brazil | |
Argentina | ||
Rest of South America | ||
Europe | Germany | |
United Kingdom | ||
France | ||
Italy | ||
Spain | ||
Russia | ||
Rest of Europe | ||
Asia-Pacific | China | |
India | ||
Japan | ||
South Korea | ||
Australia | ||
Rest of Asia-Pacific | ||
Middle East and Africa | Middle East | South Africa |
Egypt | ||
Rest of Africa | ||
Africa | Brazil | |
Argentina | ||
Rest of South America |
Key Questions Answered in the Report
What is the current size of the butterfly valves market?
The butterfly valves market is valued at USD 13.7 billion in 2025.
How fast is the butterfly valves market expected to grow?
It is forecast to expand at a 7.20% CAGR, reaching USD 19.4 billion by 2030.
Which valve type holds the largest revenue share today?
High-performance butterfly valves lead with 55% of 2024 revenue.
Which end-user sector is growing the fastest?
Water and wastewater treatment applications are rising at a 7.60% CAGR through 2030.
What region shows the highest growth rate?
Middle East & Africa is the fastest-growing region at a 7.10% CAGR to 2030.
How concentrated is the competitive landscape?
The top five suppliers control roughly 55-60% of sales, reflecting a moderate concentration level.
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