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Global Plastic Solenoid Valves Market – Industry Trends and Forecast to 2031

Semiconductors and Electronics

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Global Plastic Solenoid Valves Market – Industry Trends and Forecast to 2031

  • Semiconductors and Electronics
  • Upcoming Report
  • Jul 2024
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Plastic Solenoid Valves Market – Industry Trends and Forecast to 2031

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2023–2031
Diagram Market Size (Base Year) USD 4.48 USD Billion
Diagram Market Size (Forecast Year) USD 5.95 USD Billion
Diagram CAGR %

Major Markets Players

  • CEME S.p.A. (Italy)
  • CKD Corporation (Japan)
  • ODE S.r.l. (Italy)
  • KANEKO SANGYO Co. Ltd. (Japan)
  • Takasago Electric Industry Co. Ltd. (Japan) Curtiss-wright Corporation (U.S.)

Global Plastic Solenoid Valves Market, By Type (2 Way, 3 Way, 4 Way, and 5 Way), Operating Type (Direct, Semi-Direct, and Indirect), End User (Chemical and Petrochemical, Water and Wastewater, Automotive, Medical, Pharmaceutical, Power Generation, Food and Beverages) – Industry Trends and Forecast to 2031.

Plastic Solenoid Valves Market

Plastic Solenoid Valves Market Analysis and Size

In water and irrigation systems, plastic solenoid valves play a crucial role in controlling the flow of water in both residential and agricultural settings. These valves are preferred for their resistance to corrosion, which is particularly important in environments where water quality varies or chemicals are present in irrigation systems. They enable automated water management, allowing precise control over when and how much water is distributed to crops or landscaping. This conserves water and optimizes irrigation schedules, leading to improved crop yield and resource efficiency. Plastic solenoid valves are also valued for their durability and affordability, making them a practical choice for irrigation systems worldwide.

The global plastic solenoid valves market size was valued at USD 4.48 billion in 2023 and is projected to reach USD 5.95 billion by 2031, with a CAGR of 3.60% during the forecast period of 2024 to 2031.

In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Report Scope and Market Segmentation       

Report Metric

Details

Forecast Period

2024-2031

Base Year

2023

Historic Years

2022 (Customizable to 2016-2021)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Type (2 Way, 3 Way, 4 Way, and 5 Way),  Operating Type (Direct, Semi-Direct, and Indirect), End User (Chemical and Petrochemical, Water and Wastewater, Automotive, Medical, Pharmaceutical, Power Generation, Food and Beverages)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

CEME S.p.A. (Italy), CKD Corporation (Japan), ODE S.r.l. (Italy), KANEKO SANGYO Co., Ltd. (Japan), Takasago Electric Industry Co., Ltd. (Japan) Curtiss-wright Corporation (U.S.), ALFA LAVAL (Sweden), IMI plc (U.K.), LESER GmbH & Co.KG (Germany), The Weir Group PLC (Scotland), Forbes Marshall (India), Bosch Rexroth AG (Germany), Spirax Sarco Limited (U.K.), Danfoss A/S (Denmark), GSR Ventiltechnik GmbH & Co. KG (Germany), ASCO Valve, Inc. (U.S.), Christian Bürkert GmbH & Co. KG (Germany), KANEKO SANGYO Co., Ltd. (Japan)

Market Opportunities

  • Rise in Environmental Factors
  • Growing Durability of Solid State Drives

Market Definition

Plastic solenoid valves are valves made predominantly from plastic materials, designed to control the flow of liquids or gases. They function using an electromagnetic coil to open or close the valve mechanism when energized or de-energized. These valves are favored for applications where resistance to corrosion, chemicals, or aggressive fluids is required, making them suitable for diverse industries such as water treatment, agriculture, and chemical processing.

Plastic Solenoid Valves Market Dynamics

Drivers

  • Rising Government Regulations

Governments worldwide are increasingly implementing stringent standards and regulations aimed at environmental protection, fluid handling safety, and efficiency in industrial processes. Plastic solenoid valves are favored in these contexts for their ability to meet regulatory requirements related to corrosion resistance, chemical compatibility, and overall environmental impact. Industries such as water treatment, chemical processing, and food production are particularly affected by these regulations, as they necessitate the use of valves that can safely handle and control fluids without compromising environmental integrity. As these regulations continue to evolve and tighten, the demand for compliant and reliable plastic solenoid valves is expected to rise, driving market growth and innovation in valve technology.

  • Increasing Automation in Industrial Processes

As industries automate more of their operations, there is a growing need for reliable and efficient components such as solenoid valves to control the flow of liquids and gases. Plastic solenoid valves are preferred in automated systems for several reasons: they are lightweight, corrosion-resistant, and cost-effective compared to metal valves. These valves enable precise control over fluid flow, contributing to enhanced operational efficiency and reduced human intervention. Industries such as manufacturing, automotive, food processing, and pharmaceuticals are increasingly integrating automation technologies, thereby boosting the demand for plastic solenoid valves across various applications within these sectors.

Opportunities

  • Increasing Awareness of Environmental Impact

Plastic solenoid valves are often preferred over metal counterparts because they are lightweight, corrosion-resistant, and can be made from recyclable materials, aligning with sustainability goals. This eco-friendly profile reduces the environmental footprint associated with manufacturing, transportation, and disposal compared to traditional metal valves. Additionally, industries are increasingly adopting plastic solenoid valves to comply with stringent environmental regulations that restrict the use of certain chemicals and materials. The versatility of plastic materials allows for innovative designs that improve efficiency and reduce energy consumption, further enhancing their appeal in environmentally conscious applications such as water treatment and waste management systems.

  • High Technological Advancements

Technological advancements continually improves the performance, durability, and versatility of these valves. Advanced materials such as engineered thermoplastics (e.g., PEEK, PTFE, PVDF) enhance the valves' resistance to chemicals, abrasion, and extreme temperatures, expanding their applicability in diverse industrial environments. These advancements also contribute to reducing the overall weight of the valves while maintaining or improving their strength and reliability. Furthermore, innovations in material science enable the development of custom formulations tailored to specific industry requirements, such as enhanced biocompatibility for medical applications or increased UV resistance for outdoor use.

Restraints/Challenges

  • High Initial Cost of Plastic Solenoid Valves

While plastic valves are generally more cost-effective than their metal counterparts, especially in terms of material and manufacturing expenses, their upfront purchase price can still be perceived as prohibitive, particularly in budget-sensitive industries or applications. This initial cost barrier may deter potential users from transitioning to plastic solenoid valves, especially when they compare prices with traditional metal valves. Moreover, despite lower operational costs over time due to reduced maintenance and corrosion resistance, the higher initial investment can be a critical factor in decision-making processes.

  • Performance Limitations

Unlike metals, plastics can have lower tolerance to high pressures and extreme temperatures, limiting their application in industries where these conditions are prevalent, such as oil and gas extraction or heavy industrial processes. Additionally, plastics may exhibit greater susceptibility to wear and tear over time compared to metals, impacting their durability and reliability in long-term use. These factors can lead to concerns among industries regarding the overall performance and operational lifespan of plastic solenoid valves, potentially influencing decisions towards more robust and proven metal alternatives in critical applications.

This market,  report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market, contact data bridge market research for an analyst brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Plastic Solenoid Valves Market Scope

The market is segmented on the basis of design type, operating type and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

  • 2 Way
  • 3 Way
  • 4 Way
  • 5 Way

Operating Type

  • Direct
  • Semi-Direct
  • Indirect

End user

  • Water and Wastewater
  • Chemical and Petrochemical
  • Automotive
  • Medical
  • Pharmaceutical
  • Power Generation
  • Food and Beverages

Plastic Solenoid Valves Market Analysis/Insights

The market is analysed and market size insights and trends are provided by country, type, operating type and end user as referenced above.

The countries covered in the market report are U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America.

North America dominates the market is driven by rising needs for safe water supply and sanitation. The region's demand surge is closely linked to the growing establishment of water treatment facilities. These facilities require reliable solenoid valves for efficient water control and management, thereby bolstering market growth. The trend is expected to persist, supported by ongoing investments in infrastructure and environmental regulations promoting water conservation and quality maintenance across North America.

Asia-Pacific is expected for rapid growth in the market due to the rising adoption of solenoid valves for domestic applications such as water and gas control systems is significantly boosting demand. Additionally, industries across the region are increasingly investing in automation technologies to enhance operational efficiency and upgrade their manufacturing facilities. This dual trend stimulates market expansion and underscores the region's pivotal role in the global solenoid valve market's growth trajectory.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Plastic Solenoid Valves Market Share Analysis

The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.

Some of the major players operating in the market are

  • CEME S.p.A. (Italy)
  • CKD Corporation (Japan)
  • ODE S.r.l. (Italy)
  • KANEKO SANGYO Co., Ltd. (Japan)
  • Takasago Electric Industry Co., Ltd. (Japan)
  • Curtiss-wright Corporation (U.S.)
  • ALFA LAVAL (Sweden)
  • IMI plc (U.K.)
  • LESER GmbH & Co.KG (Germany)
  • The Weir Group PLC (Scotland)
  • Forbes Marshall (India)
  • Bosch Rexroth AG (Germany)
  • Spirax Sarco Limited (U.K.)
  • Danfoss A/S (Denmark)
  • GSR Ventiltechnik GmbH & Co. KG (Germany)
  • ASCO Valve, Inc. (U.S.)
  • Christian Bürkert GmbH & Co. KG (Germany)
  • KANEKO SANGYO Co., Ltd. (Japan)


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FREQUENTLY ASK QUESTIONS

The Plastic Solenoid Valves Market Size will reach USD 5.95 billion with a CAGR of 3.60% in the forecast by 2031.
The major companies in the Plastic Solenoid Valves Market are CEME S.p.A, CKD Corporation, ODE S.r.l, KANEKO SANGYO Co., Ltd, Takasago Electric Industry Co., Ltd. Curtiss-wright Corporation, ALFA LAVAL, IMI plc, LESER GmbH & Co.KG, The Weir Group PLC, Forbes Marshall, Bosch Rexroth AG, Spirax Sarco Limited, Danfoss A/S, GSR Ventiltechnik GmbH & Co. KG, ASCO Valve, Inc, Christian Bürkert GmbH & Co. KG, KANEKO SANGYO Co., Ltd. etc.
The Rising Government Regulations & Increasing Automation in Industrial Processes are the growth drivers of the Plastic Solenoid Valves Market.
The design type, operating type, and end user are the factors on which the Plastic Solenoid Valves Market research is based on.
The major data pointers of the Plastic Solenoid Valves Market are down-stream and upstream value chain analysis, technical trends Porter's five forces analysis, and case studies.
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