Market Overview:
The global foot valves market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for foot valves from various end-use industries such as petrochemical, chemical processing, metallurgy industry, and others. In addition, the growing awareness about safety and security is also propelling the growth of this market. Based on type, the global foot valves market can be segmented into plastic type and metal type. The metal type segment is expected to hold a larger share of the global foot valves market during the forecast period owing to its properties such as high strength and corrosion resistance. Based on application,the global foot valvesmarket can be divided into petrochemical industry, chemical processing industry Metallurgy Industryand others).
Product Definition:
A foot valve is a check valve installed at the base of a water column to prevent backflow.
Plastic Type:
Plastic type is a general term for any material that can be molded or extruded into a flexible form and then re-molded or stretched to make it retain its original shape. The materials commonly used are polyethylene, polypropylene, polystyrene, nylon and vinyl among others.
Metal Type:
Metal types include stainless steel, aluminum, titanium and copper. Stainless steel is the most widely used metal type in the industry owing to its properties such as corrosion resistance, high strength and easy maintenance. It is mainly used for manufacturing of ball valves and diaphragm valves. Ball valves are extensively utilized in oil & gas sector whereas diaphragm valve finds application in HVAC (heating, ventilation & air conditioning) industry among other end-use industries.
Application Insights:
The others segment includes food & beverage, chemical processing, metallurgy industry and others. The use of foot valves in the chemical processing industry is expected to witness significant growth over the forecast period owing to their increasing application in various processes such as fluid catalytic cracking (FCC), hydro-desulfurization (HDS) and hydrotreating. In addition, these valves are used for controlling the flow of fluids into multiple pipes at a single point of entry or exit thus reducing overall plant costs.
Petrochemical was the largest application segment accounting for more than 35% market share in 2017 due to its wide usage across numerous industries including oil & gas, chemicals and energy among others.
Regional Analysis:
Europe was the largest regional market in 2017 and accounted for over 30% of the global share. The region is expected to witness moderate growth rate over the forecast period owing to increasing demand from several end-use industries, such as petrochemical, chemical processing and metallurgy. In addition, technological advancements coupled with stringent regulations are also expected to drive product demand in Europe during the forecast period.
Asia Pacific is anticipated to be one of the fastest growing regions due to rapid industrialization along with rising population in countries like China and India that has resulted into increased energy consumption across various end-use sectors including manufacturing industry. Moreover, economic development coupled with government initiatives aimed at promoting foreign direct investments are also driving regional market growth. Foot valves (metal type) were used widely across industries such as oil & gas exploration & production; mining; power generation; food & beverage processing; textile machinery etc.
Growth Factors:
- Increasing demand from water and wastewater treatment applications
- Rising awareness about the benefits of foot valves in various industries
- Growing investments in infrastructure development projects worldwide
- Technological advancements in foot valve design and manufacturing processes
- Rising demand for energy-efficient and environment-friendly products
Scope Of The Report
Report Attributes
Report Details
Report Title
Foot Valves Market Research Report
By Type
Plastic Type, Metal Type
By Application
Petrochemical, Chemical Processing, Metallurgy Industry, Others
By Companies
Flomatic Valves, Val-Matic, Sure-Flo, Hansen, Braeco, Valvotubi, Cla-Val, Asahi/America, Simmons Manufacturing Company
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Foot Valves Market Report Segments:
The global Foot Valves market is segmented on the basis of:
Types
Plastic Type, Metal Type
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Petrochemical, Chemical Processing, Metallurgy Industry, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Flomatic Valves
- Val-Matic
- Sure-Flo
- Hansen
- Braeco
- Valvotubi
- Cla-Val
- Asahi/America
- Simmons Manufacturing Company
Highlights of The Foot Valves Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Plastic Type
- Metal Type
- By Application:
- Petrochemical
- Chemical Processing
- Metallurgy Industry
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Foot Valves Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Foot valves are small devices that allow air to escape from or enter a tire. They are usually located on the sidewall of the tire and open when pressure in the tire is reduced, such as when you step on the brakes. This allows air to escape and reduces your stopping distance.
Some of the major players in the foot valves market are Flomatic Valves, Val-Matic, Sure-Flo, Hansen, Braeco, Valvotubi, Cla-Val, Asahi/America, Simmons Manufacturing Company.
The foot valves market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Foot Valves Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Foot Valves Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Foot Valves Market - Supply Chain
4.5. Global Foot Valves Market Forecast
4.5.1. Foot Valves Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Foot Valves Market Size (000 Units) and Y-o-Y Growth
4.5.3. Foot Valves Market Absolute $ Opportunity
5. Global Foot Valves Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Foot Valves Market Size and Volume Forecast by Type
5.3.1. Plastic Type
5.3.2. Metal Type
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Foot Valves Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Foot Valves Market Size and Volume Forecast by Application
6.3.1. Petrochemical
6.3.2. Chemical Processing
6.3.3. Metallurgy Industry
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Foot Valves Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Foot Valves Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Foot Valves Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Foot Valves Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Foot Valves Demand Share Forecast, 2019-2026
9. North America Foot Valves Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Foot Valves Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Foot Valves Market Size and Volume Forecast by Application
9.4.1. Petrochemical
9.4.2. Chemical Processing
9.4.3. Metallurgy Industry
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Foot Valves Market Size and Volume Forecast by Type
9.7.1. Plastic Type
9.7.2. Metal Type
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Foot Valves Demand Share Forecast, 2019-2026
10. Latin America Foot Valves Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Foot Valves Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Foot Valves Market Size and Volume Forecast by Application
10.4.1. Petrochemical
10.4.2. Chemical Processing
10.4.3. Metallurgy Industry
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Foot Valves Market Size and Volume Forecast by Type
10.7.1. Plastic Type
10.7.2. Metal Type
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Foot Valves Demand Share Forecast, 2019-2026
11. Europe Foot Valves Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Foot Valves Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Foot Valves Market Size and Volume Forecast by Application
11.4.1. Petrochemical
11.4.2. Chemical Processing
11.4.3. Metallurgy Industry
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Foot Valves Market Size and Volume Forecast by Type
11.7.1. Plastic Type
11.7.2. Metal Type
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Foot Valves Demand Share, 2019-2026
12. Asia Pacific Foot Valves Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Foot Valves Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Foot Valves Market Size and Volume Forecast by Application
12.4.1. Petrochemical
12.4.2. Chemical Processing
12.4.3. Metallurgy Industry
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Foot Valves Market Size and Volume Forecast by Type
12.7.1. Plastic Type
12.7.2. Metal Type
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Foot Valves Demand Share, 2019-2026
13. Middle East & Africa Foot Valves Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Foot Valves Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Foot Valves Market Size and Volume Forecast by Application
13.4.1. Petrochemical
13.4.2. Chemical Processing
13.4.3. Metallurgy Industry
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Foot Valves Market Size and Volume Forecast by Type
13.7.1. Plastic Type
13.7.2. Metal Type
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Foot Valves Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Foot Valves Market: Market Share Analysis
14.2. Foot Valves Distributors and Customers
14.3. Foot Valves Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Flomatic Valves
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Val-Matic
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Sure-Flo
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Hansen
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Braeco
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Valvotubi
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Cla-Val
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Asahi/America
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Simmons Manufacturing Company
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook