Butterfly Valve Market Size, Share & Outlook to 2033

Butterfly Valve Market Overview

The Butterfly Valve Market size was valued at USD 4688.98 million in 2024 and is expected to reach USD 6922.55 million by 2033, growing at a CAGR of 4.5% from 2025 to 2033.

The global butterfly valve market is integral to flow control systems across oil & gas, water treatment, power generation, and industrial processing. In 2023, over 68 million units of butterfly valves were manufactured globally, with Asia-Pacific contributing more than 45% of total volume. Butterfly valves are valued for their compact structure, lightweight, quick operation, and low pressure drop. The market is witnessing a shift from traditional metal-seated valves to high-performance triple-offset and resilient-seated designs, which accounted for 37% of new installations in industrial facilities in 2023.

Stainless steel remains the most widely used material, representing 41% of all butterfly valve production globally. The expansion of water treatment facilities, particularly in Asia and Africa, has driven up demand for wafer-type butterfly valves, which saw a 21% increase in shipments from 2022 to 2023. Electric and pneumatic actuated butterfly valves are gaining popularity, with more than 5.4 million units equipped with automated systems last year. As of 2024, more than 210 manufacturers are actively producing butterfly valves in over 35 countries, supplying equipment for over 120 industrial applications.

Key Findings

DRIVER: Expansion of municipal water and wastewater treatment projects globally.

COUNTRY/REGION: China dominates both production and consumption, with over 19 million butterfly valves used domestically in 2023.

SEGMENT: Stainless steel butterfly valves lead the market due to their durability and wide applicability in corrosive environments.

Butterfly Valve Market Trends

The butterfly valve market is experiencing significant transformations driven by technological upgrades, environmental concerns, and infrastructure investments. In 2023, there was a 17% increase in demand for triple-offset butterfly valves, particularly in oil & gas and power generation applications where leak-proof operation and high-temperature resistance are critical. Additionally, demand for cryogenic butterfly valves rose by 22% due to growing use in LNG storage and transport systems.

Smart valve technologies are reshaping operational protocols in industries. More than 6.2 million butterfly valves installed in 2023 featured smart positioners or sensors for real-time monitoring and predictive maintenance. These smart valves were especially prevalent in new power plants and chemical processing units in the United States, Germany, and China.

Environmental regulations and water scarcity are pushing investments in wastewater recycling and desalination plants. Over 14,000 new butterfly valve installations were reported in desalination facilities in the Middle East in 2023 alone. These valves are favored due to their corrosion resistance and ease of maintenance under high salinity conditions.

There is also a rising trend in lightweight aluminum-bodied butterfly valves used in HVAC systems, particularly in commercial buildings and airport infrastructure. In 2023, aluminum butterfly valves accounted for over 6.4 million units, a 12% increase from the previous year.

Modular designs are gaining traction in the aftermarket and replacement sector. Interchangeable seats, disks, and seals helped reduce valve maintenance downtime by 28%, particularly in the food processing and pharmaceutical sectors. Demand for customized butterfly valves in biopharmaceutical cleanroom applications rose by 19% in 2023.

Butterfly Valve Market Dynamics

Butterfly valve market dynamics refer to the set of underlying forces and factors that influence the behavior, trends, and performance of the butterfly valve industry over time. These dynamics encompass four key components: drivers, restraints, opportunities, and challenges, each of which plays a crucial role in shaping the demand, supply, technology development, and competitive landscape within the market.

DRIVER

Surge in demand for water and wastewater infrastructure.

Rising urbanization and aging water infrastructure in emerging economies have led to a global surge in water treatment projects. In 2023, over 460 major municipal water treatment plants were constructed worldwide, with butterfly valves being used in 93% of the systems for regulating water flow. Asia-Pacific alone accounted for more than 26 million units, mostly for projects in India, China, and Indonesia. Butterfly valves' ease of integration into automated and remote-control systems makes them ideal for smart water grid applications.

RESTRAINT

Fluctuation in raw material costs and trade uncertainties.

Volatility in steel, aluminum, and elastomer prices significantly impacted manufacturing costs in 2023. Stainless steel prices rose by 16%, while EPDM and Viton rubber prices increased by 13% due to raw material shortages. Trade tensions, particularly between the U.S. and China, caused butterfly valve import duties to rise in Q3 2023, delaying shipments and increasing lead times. These cost pressures constrained smaller manufacturers from maintaining consistent output levels, especially in Latin America and Eastern Europe.

OPPORTUNITY

Growth in industrial automation and smart valve systems.

There is increasing adoption of automated valve solutions integrated with IoT platforms. In 2023, over 5.4 million butterfly valves were installed with electric or pneumatic actuators for intelligent control systems. The global transition toward Industry 4.0 is creating substantial demand for digital butterfly valve solutions in factories, oil refineries, and power stations. Investments in smart manufacturing hubs, especially in South Korea and Germany, have created demand for high-accuracy modulating butterfly valves.

CHALLENGE

Performance limitations under extreme pressure and temperature.

Traditional rubber-seated butterfly valves are less effective in high-pressure or corrosive environments, restricting their use in sectors like refining and petrochemicals. In 2023, more than 11,000 cases of valve failure were reported globally, with 61% occurring under conditions exceeding the rated pressure-temperature envelope. Retrofitting high-performance or triple-offset butterfly valves in existing systems involves redesign and cost, which hampers wider adoption in older facilities.

Butterfly Valve Market Segmentation

The butterfly valve market is segmented by type and application, with each category showing distinctive demand characteristics.Segmentation in the butterfly valve market refers to the process of dividing the overall market into distinct categories based on specific characteristics such as type, application, material, or end-user industry. This classification allows manufacturers, suppliers, and analysts to better understand market behavior, identify demand trends, and develop targeted strategies for different customer groups.

By Type

Stainless Steel: In 2023, over 28 million butterfly valves were manufactured using stainless steel due to its resistance to corrosion and chemicals. Stainless steel valves are widely used in water, food processing, and chemical plants.
Cast Iron: Cast iron butterfly valves accounted for 22 million units in 2023. These valves are popular in municipal water systems and HVAC applications due to their low cost and moderate corrosion resistance.
Aluminum: Lightweight and corrosion-resistant, aluminum butterfly valves recorded 6.4 million units in 2023, mostly for building automation and cleanroom applications.
Others: Includes materials like PVC, bronze, and Hastelloy. Combined, they contributed 11.6 million units in 2023, used mainly in niche sectors such as semiconductors and pharmaceuticals.

By Application

Oil & Gas: This sector consumed over 11 million butterfly valves in 2023, driven by pipeline infrastructure expansion and LNG handling systems.
Power Generation: Power plants used more than 8.2 million valves, with a strong demand for triple-offset high-temperature designs.
Water Treatment: Municipal and industrial water systems consumed 19.5 million butterfly valves in 2023, marking the largest application segment.
Construction: HVAC and building automation applications used 7.8 million units, especially in smart buildings and commercial infrastructure.
Others: Includes food & beverage, pulp & paper, and marine sectors, contributing 11.5 million units in global butterfly valve consumption.

Regional Outlook for the Butterfly Valve Market

The butterfly valve market exhibits distinct regional performance based on infrastructure investment, industrial activity, and environmental regulations.

North America

North America recorded a total usage of 13.8 million butterfly valves in 2023. The U.S. accounted for 11.4 million units, primarily in energy, HVAC, and water management sectors. The region is seeing growing demand for smart valves integrated into building automation systems, particularly in states like California and Texas.

Europe

Europe consumed approximately 12.6 million valves in 2023. Germany, the UK, and France led the region due to investments in renewable energy and wastewater recycling. Over 3.2 million valves were used in district heating networks, especially in Nordic countries. Demand for corrosion-resistant and low-maintenance valves remains high due to stringent EU environmental compliance requirements.

Asia-Pacific

Asia-Pacific remains the dominant region with over 31 million units consumed in 2023. China led with 19 million valves, while India, Japan, and South Korea contributed 9.2 million combined. The region's rapid urbanization, coupled with expansion of petrochemical plants and smart cities, continues to drive massive demand for all butterfly valve types.

Middle East & Africa

Middle East & Africa saw rising adoption, recording 5.1 million valves in 2023. The UAE and Saudi Arabia together accounted for 2.6 million units, primarily in desalination and oil refining. South Africa and Nigeria also showed growth in municipal water supply valve installations.

List of Top Butterfly Valve Companies

Jiangsu Shentong Valve
China Valves
Emerson
KSB
Yuanda Valve
Shandong Yidu Valve
Gaoshan Valves
Anhui Tongdu Flow
Flowserve
Jiangsu Suyan Valve
SUFA
Neway
DunAn
Cameron
Kaike
Kitz

Emerson: Emerson leads the global butterfly valve market, with over 7.5 million units sold in 2023. Its triple-offset and high-performance valve solutions are widely adopted in energy and oil sectors. Emerson also invested over $60 million in smart valve R&D and production capacity expansion in 2023.

Flowserve: Flowserve produced more than 6.2 million butterfly valves in 2023, dominating in water infrastructure and chemical processing. The company operates manufacturing sites in 14 countries and reported a 21% increase in triple-offset valve sales over the previous year.

Investment Analysis and Opportunities

The butterfly valve market is witnessing a surge in capital investment focused on automation, material science, and geographic expansion. In 2023, global investment in butterfly valve manufacturing reached over $2.1 billion, with Asia-Pacific accounting for 46% of total new capacity additions.

China announced 23 new production facilities dedicated to stainless steel and triple-offset butterfly valves, adding 8 million units of annual capacity. India followed with investments of $240 million across four states to localize valve manufacturing under government “Make in India” initiatives.

North American companies invested heavily in digital valve production lines. Emerson upgraded its Iowa and Florida plants with AI-enabled machining, increasing throughput by 17% and reducing defect rates by 22%. Smart valve system sales in North America grew by $220 million in 2023.

Europe’s green energy transition is creating investment opportunities in corrosion-resistant and high-efficiency butterfly valves. Germany and France directed over $180 million toward butterfly valve upgrades in district heating and solar-thermal power plants.

Emerging markets in the Middle East and Africa are showing investor interest in modular, low-cost valve systems for water management and energy infrastructure. Joint ventures in Egypt and Nigeria initiated projects totaling 1.1 million units in manufacturing capacity.

New Product Development

Innovation in the butterfly valve sector is focused on smart integration, superior materials, and industry-specific customization. In 2023, more than 60 new butterfly valve designs were commercialized globally, spanning HVAC, petrochemicals, and food processing sectors.

Flowserve introduced a modular triple-offset butterfly valve platform with torque-reduction technology, achieving a 28% lower energy consumption in automated systems. Emerson launched a smart valve diagnostic interface compatible with over 90% of industrial PLCs and SCADA systems.

China Valves unveiled a cryogenic butterfly valve with extended stem designs for LNG tank operations, now deployed in over 120 storage units. KSB released a sanitary-grade butterfly valve designed for CIP (clean-in-place) systems in dairy and pharmaceutical plants, with over 18,000 units shipped by Q4 2023.

Neway developed high-cycle butterfly valves with bimetallic seat construction, achieving a lifecycle of over 1.2 million actuations. These valves are now widely used in coal-fired power plants in India and Vietnam. Lightweight composite valves for HVAC and building automation launched by Kaike gained rapid adoption in European airports and hospitals.

Five Recent Developments

In March 2024, Emerson opened a new $90 million smart valve manufacturing plant in South Korea.
Flowserve announced a joint venture in India for localized production of triple-offset butterfly valves in June 2023.
SUFA developed an advanced EPDM-sealed butterfly valve for desalination plants in Q4 2023.
Kitz launched a corrosion-resistant butterfly valve for marine applications with over 22,000 pre-orders.
Jiangsu Shentong Valve expanded production capacity by 2.3 million units through a new automated foundry in January 2024.

Report Coverage of Butterfly Valve Market

This report offers a detailed evaluation of the butterfly valve market by type, application, region, and company performance. Covering over 210 manufacturers and analyzing more than 60 end-use sectors, the report provides actionable intelligence on manufacturing capacity, technology trends, material developments, and regional trade dynamics.

The segmentation analysis covers stainless steel, cast iron, aluminum, and specialty alloys, with comprehensive metrics on unit production and application deployment across oil & gas, power, water treatment, and construction industries. Volume trends from 2018 to 2024 are analyzed to identify historical demand patterns.

Regional outlook highlights consumption dynamics in 45 countries, including regulatory developments, production hubs, and import/export flow. Key companies are evaluated on the basis of output scale, innovation pipeline, investment in automation, and smart valve solutions.

The report includes over 600 statistical tables and 400 graphics, detailing production volumes, material usage, actuator trends, failure rates, and market forecasts through 2026. Designed for manufacturers, investors, utility planners, and procurement specialists, the report provides deep insights into a rapidly evolving industrial valves landscape.