ProcureHub · Indirect & Services · Global

Process Valves - Plug: Market Size & Forecast 2026

The global process valve market for plug valves sits at approximately USD 6.0 billion in 2025 (base year), sustained by a structurally resilient installed base across oil and gas, chemical processing, and water treatment end-uses. Demand grows at roughly 5.0% CAGR through 2032, propelled by upstream oil and gas capex recovery, chemical industry expansion in the Middle East and Asia-Pacific, and municipal water infrastructure modernisation. Feedstock steel input costs have stabilised after the 2021-2023 inflationary spike, providing some contracting relief, but supplier concentration in severe-service and high-specification plug valves keeps buyer power structurally constrained. > Synthesised from secondary and publicly verifiable sources via Claight Category Watch:

Market size · 2025
$6.00bn
CAGR · 2025–2030
5%
Forecast · 2030
$7.66bn
Basis
Claight Analysis
Market size (USD)
Base year 2025
Official data · Claight AnalysisForecast
Market size and CAGR extracted from the published Claight report; figures match the report..
Forecast
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2025 base: $6.0bn2032 est: $8.4bn
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Market size and forecast are Claight Analysis, informed by public research and industry data. Historical years before 2025 and all forecast years are Claight estimates at the stated CAGR. Retrieved 2026.