NEWS RELEASE                                                                                        MARCH 2012

Industrial Valve Market to Reach $65 Billion by 2017

The world market for valves used by industry will grow to $65 billion per year in 2017 adding more than $10 billion to current annual sales. This is the latest forecast in Industrial Valves: World Markets published by the McIlvaine Company (

($ Millions)

World Region                                    2017

Africa                                                  3,722

CIS                                                      4,725

East Asia                                         20,160

Eastern Europe                              1,469

 Middle East                                      5,243

NAFTA                                             12,642

  South & Central America                4,819

West Asia                                          3,177

Western Europe                                9,449

Total                                                 65,406

East Asia will account for more than 30 percent of the market in 2017. The growth in this region will be driven mostly by new infrastructure and heavy industrial spending. More power plants will be built in this region in the next five years than in the rest of the world combined. The investment in municipal wastewater treatment and drinking water facilities will also outstrip the other regions. The region will dominate the production of semiconductor chips, flat panels, solar voltaic cells and other devices requiring high performance valves for ultrapure water.

The growth in NAFTA will be led by the non-conventional oil and gas sector. Pennsylvania, Texas and other states in the West will expand their production of gas and oil from shale. This will generate very substantial investments in valves.

Western Europe will be a slow growth market characteristic by a large percentage of replacement valves for existing plants as opposed to valves for new plants. Eastern Europe will reflect growth in expenditures to meet environmental regulations required for European Union membership.

Middle East expenditures will rise as the region increasingly becomes a supplier of refined rather than raw products. Valve sales in this region will also be boosted by the desalination plant investments.

The ocean will play a role in several ways. New regulations for ballast water treatment and scrubbing of vessel stack emissions will boost the sales of valves for existing and new vessels. Expanded production of oil and gas from subsea sources will require many large and expensive valves.

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