Supply chain issues continue to impact valve costs


CLEVELAND, December 21, 2021 / PRNewswire / – The cost environment for valve manufacturers was volatile in 2021, according to new analysis from the Freedonia Group:

  • In 2020 and 2021, prices have jumped for the two key commodities (in particular iron-ore and steel) and freight services.
  • As a result, valve producers have been forced to increase prices to keep pace with rising production and distribution costs; therefore, the average valve price growth in 2021 is expected to be well above the levels of recent years.

The full impact of price increases in end markets remains to be seen, but the market recovery in 2021 has been significantly inflated by price growth and the volume recovery will be much weaker.

Although iron ore prices have fallen below pre-pandemic highs, steel prices remain high and shipping costs and port delays continue to disrupt distribution. Navigating the volatile supply chain will be a key area for valve suppliers looking to take advantage of rebound opportunities in the global economy.

The oil and gas market is about to rebound

Global demand for industrial valves is expected to grow 4.9% per year to reach 103 billion dollars in 2025. The recovery from the impact of the COVID-19 pandemic will fuel sales gains in all markets, with the process manufacturing segment accounting for the largest share of the growth.

In particular, the oil and gas market is poised to rebound, having recorded the largest decline of all major segments in 2020, when the collapse in oil prices in the spring of that year led to a sharp drop in oil prices. reduction in industry activity. Drilling rig activity has plummeted in the United States, as the OPEC + coalition has tried to impose large production cuts on its members.

Oil prices rebounded in 2021 as economic activity picked up around the world and investments in the global oil and gas industry in turn increased. A continued recovery is expected through 2025. Many global valve market leaders are placing particular emphasis on this market, and the industry will therefore remain sensitive to volatility in oil and gas.

You want to know more ?

Global industrial valves is now available from the Freedonia Group. This study provides historical data for 2010, 2015 and 2020, and forecasts for 2025 and 2030 for shipments (at the manufacturer level), demand, imports and exports in current dollars (which are not adjusted for inflation). Country-level demand totals are also presented in local currency. The main types of products and markets are also analyzed.

Some products:

  • standard multiturn valves
  • standard quarter-turn valves
  • other standard – i.e., manually operated – valve products
  • automatic control valves
  • automatic control valves
  • automatic valve actuators sold separately


  • manufacturing process
  • hydraulic infrastructure
  • building construction
  • oil and gas
  • electricity production
  • all other markets, including mining, shipbuilding, healthcare (except artificial heart valves), household and commercial appliances, natural gas utilities, rail equipment, semiconductors and other spare parts, and truck tank trailers

About the Freedonia Group – The Freedonia Group, a division of, is the leading international industrial research company, providing our clients with product analyzes, market forecasts, industry trends and market share information. From individual consulting firms to global conglomerates, our analysts provide businesses with unbiased and reliable market research and analysis to help them make important business decisions. With over 100 studies published each year, we support over 90% of Fortune 500 industrial companies. Find off-the-shelf studies at or contact us for a personalized search: +1 440.842.2400.

Press contact:
Corinne Gangloff
+1 440.842.2400
[email protected]

SOURCE The Freedonia Group

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