Abstract
US industrial valve demand to reach $16.3 billion in 2011
Demand for industrial valves is forecast to rise 3.2 percent annually through 2011 to $16.3 billion. This pace represents a deceleration from the 2001-2006 period, but reflects slower growth in unit prices. In inflation-adjusted terms, demand for valves will strengthen through 2011. Valve prices rose substantially owing to rising raw materials costs for primary and fabricated metals as well as plastic resins. Raw material prices are expected to moderate through 2011, reducing price pressure for valves. Original equipment demand comprises two-thirds of the total market, and will be supported by a positive outlook for the production of durable goods as well as nonresidential fixed investment.
US trade deficit in valves to decelerate through 2011
Trade will continue to play an important role in the valve industry through 2011. Imports are expected to grow slightly faster than exports and the trade deficit will continue to rise, yet decelerate, from the 2001-2006 period. Canada and Mexico together represented almost one-half of the US export market in 2006. Other key markets for valve exports include Western Europe, the Asia/Pacific region, and oil-producing countries such as Saudi Arabia, Kuwait and Nigeria.
Table of Contents
INTRODUCTION
I. EXECUTIVE SUMMARY
II. MARKET ENVIRONMENT
- General
- Macroeconomic Overview
- Nonresidential Fixed Investment Trends
- Manufacturing Outlook
- Chemical Industry Overview
- Petroleum Refining Industry Overview
- Pulp & Paper Industry Overview
- Utilities Outlook
- Water & Sewage Industry Overview
- Electric Power Industry Overview
- Natural Gas Industry Overview
- Resource Extraction Outlook
- Crude Oil & Natural Gas Overview
- Mining Industry Overview
- Construction Industry Overview
III. VALVE OVERVIEW
- General
- Supply & Demand
- Valve Shipments by Type
- Valve Shipments by Material
- Steel & Steel Alloys
- Iron
- Copper-Based
- Plastic & Other Materials
- Historical Trends
- Pricing Trends
- Regulations & Standards
- Technology
- World Industrial Valve Market
- US Foreign Trade
- Imports
- Exports
IV. STANDARD VALVES
- General
- Application-Specific Valves
- Waterworks Valves
- Plumbing, Heating & Cooling Valves
- Nuclear Valves
- Quarterturn Valves
- Ball Valves
- Butterfly Valves
- General Purpose
- High Performance
- Parts & Actuators
- Plug Valves
- Multiturn Valves
- Gate, Globe & Check Valves
- Gate
- Globe
- Check
- Pinch & Diaphragm Valves
- Gate, Globe & Check Valves
- Safety & Relief Valves
- Other Industrial Valve Products
- Separately Sold Actuators
- Gas Cylinder Valves
- Steam Traps
- Other Standard Valves & Parts
V. AUTOMATIC VALVES
- General
- Control Valves
- Pneumatic
- Solenoid
- Electric & Other
- Regulator Valves
- Automatic Actuators
VI. MARKETS
- General
- Demand by Market
- Demand by Source
- Process Manufacturing
- Chemicals
- Petroleum Refining
- Pulp & Paper
- Other
- Utilities
- Water & Sewage
- Electric Power Generation
- Natural Gas
- Resource Extraction Industries
- Crude Petroleum & Natural Gas
- Mining
- Construction
- Other
VII. INDUSTRY STRUCTURE
- Industry Composition
- Market Share
- Tyco
- Emerson Electric
- SPX
- Dresser
- Flowserve
- McWane
- Watts
- Crane
- Product Development
- Manufacturing
- Marketing & Distribution
- Financial Issues
- Mergers & Acquisitions
- Company Profiles
- Alfa Laval AB
- Aliaxis SA
- American Cast Iron Pipe Company
- Ames Fire & Waterworks, see Watts Water Technologies
- Amot Controls, see Roper Industries
- AMRI Incorporated, see KSB AG
- Amtrol Incorporated
- Armstrong International Incorporated
- ASCO Valve Incorporated, see Emerson Electric
- Barksdale Incorporated, see Crane
- Becker Precision Equipment, see Dresser
- Bell & Gossett, see ITT Corporation
- Bettis Corporation, see Emerson Electric
- Cameron International Corporation
- Circle Seal Controls, see Circor International
- Circor International Incorporated
- Clow Valve Company, see McWane
- Conbraco Industries Incorporated
- Crane Company
- Curtiss-Wright Corporation
- DeltaValve, see Curtiss-Wright
- Dresser Incorporated
- Emerson Electric Company
- Enertech, see Curtiss-Wright
- EnPro Industries Incorporated
- Enpro Systems Limited, see Curtiss-Wright
- Entegris Incorporated
- Everlasting Valve Company, see Armstrong International
- Farris Engineering, see Curtiss-Wright
- Fisher Controls International LLC, see Emerson Electric
- Flowserve Corporation
- FMC Technologies Incorporated
- Ford Meter Box Company
- France Compressor Products, see EnPro Industries
- FRIATEC AG, see Aliaxis SA
- General Electric Company
- Hansen Technologies Corporation, see Roper Industries
- Harrington Industrial Plastics LLC, see Aliaxis SA
- Harsco Corporation
- Hoffman Specialty, see ITT Corporation
- Honeywell International
- Hydro-Aire Incorporated, see Crane Company
- IMI plc
- Instrumentation Products US, see Parker-Hannifin
- Invensys plc
- ITT Corporation
- Kennedy Valve Company, see McWane
- KF Industries Incorporated, see Circor International
- Kitz Corporation
- KSB AG
- Leslie Controls Incorporated, see Circor International
- M&H Valve Company, see McWane
- Masoneilan, see Dresser
- McWane Incorporated
- Metso Corporation
- Mueller Water Products
- NIBCO Incorporated
- Pacific Valves, see Crane Company
- Parflex, see Parker-Hannifin
- Parker-Hannifin
- Partek, see Parker-Hannifin
- Pneutronics, see Parker-Hannifin
- Pure-Flo LLC, see ITT Corporation
- Resistoflex-Industrial, see Crane Company
- Roper Industries Incorporated
- Sea Tech Incorporated, see Watts Water Technologies
- Shafer Valve Company, see Emerson Electric
- Sherwood, see Harsco Corporation
- Snap-tite Incorporated
- SPX Corporation
- Swagelok Company
- TapcoEnpro International, see Curtiss-Wright
- Target Rock, see Curtiss-Wright
- Tyco International Limited
- Velan Incorporated
- Veriflo, see Parker-Hannifin
- Vetco International Limited
- Victaulic Company of America
- Watts Water Technologies
- Xomox Corporation, see Crane Company
LIST OF TABLES
SECTION I -- EXECUTIVE SUMMARY
- Summary Table
SECTION II -- MARKET ENVIRONMENT
- 1 Macroeconomic Environment
- 2 Nonresidential Fixed Investment
- 3 Manufacturers' Shipments
- 4 Chemical Shipments
- 5 Refined Petroleum Production & Consumption
- 6 Paper & Paperboard Production
- 7 Utilities Construction Expenditures
- 8 Water Withdrawal Trends
- 9 Electricity Generation
- 10 Natural Gas Utility Indicators
- 11 Production by Resource Extraction Industries
- 12 Crude Oil & Natural Gas Supply & Demand
- 13 Mining Materials Handled
- 14 Construction Expenditures
SECTION III -- VALVE OVERVIEW
- 1 Industrial Valve Supply & Demand
- 2 Industrial Valve Shipments by Primary Material
- 3 Steel & Steel Alloy Valve Shipments
- 4 Iron Valve Shipments
- 5 Copper-Based Valve Shipments
- 6 Plastic & Other Valve Shipments
- 7 Industrial Valve Market, 1996-2006
- 8 Industrial Valve Pricing
- 9 World Valve Demand by Region
- 10 US Foreign Trade in Industrial Valves
SECTION IV -- STANDARD VALVES
- 1 Standard Industrial Valve Supply & Demand
- 2 Application-Specific Valve Supply & Demand
- 3 Waterworks Valve Shipments by Type
- 4 Plumbing & Heating Shipments by Type
- 5 Nuclear Valve Shipments by Type
- 6 Quarterturn Valve Supply & Demand
- 7 Ball Valve Shipments by Material
- 8 Butterfly Valve Shipments by Type & Material
- 9 Plug Valve Shipments by Parts & Material
- 10 Multiturn Valve Supply & Demand
- 11 Gate, Globe & Check Valve Shipments by Parts & Material
- 12 Pinch & Diaphragm Valve Shipments
- 13 Safety & Relief Valve Supply & Demand
- 14 Other Industrial Valve Product Supply & Demand
SECTION V -- AUTOMATIC VALVES
- 1 Automatic Industrial Valve Supply & Demand
- 2 Control Valve Supply & Demand
- 3 Pneumatic Valve Shipments by Type
- 4 Solenoid Valve Shipments by Type
- 5 Electric & Other Valve Shipments by Type
- 6 Regulator Valve Supply & Demand
- 7 Automatic Actuator Supply & Demand
SECTION VI -- MARKETS
- 1 Industrial Valve Demand by Market
- 2 Industrial Valve Demand by Source
- 3 Process Manufacturing Valve Demand
- 4 Chemical Industry Valve Demand
- 5 Petroleum Refining Valve Demand
- 6 Pulp & Paper Industry Valve Demand
- 7 Other Process Industry Valve Demand
- 8 Public Utility Valve Demand
- 9 Water & Sewage Valve Demand
- 10 Electric Power Valve Demand
- 11 Natural Gas Utility Valve Demand
- 12 Resource Extraction Industry Valve Demand
- 13 Crude Petroleum & Natural Gas Valve Demand
- 14 Mining Industry Valve Demand
- 15 Construction Valve Demand
- 16 Other Markets for Valves
SECTION VII -- INDUSTRY STRUCTURE
- 1 Industrial Valve Sales by Company, 2006
- 2 Capital Spending Patterns: Selected Industrial Valve Manufacturers
- 3 Composite Financial Ratios: Selected Industrial Valve Manufacturers
- 4 Selected Acquisitions & Divestitures
LIST OF CHARTS
SECTION III -- VALVE OVERVIEW
- 1 Industrial Valve Demand by Type
- 2 Industrial Valve Shipments by Primary Metal
- 3 Industrial Valve Market, 1997-2006
- 4 Industrial Valve Pricing
- 5 Industrial Valve Imports by Source, 2006
- 6 Industrial Valve Exports by Destination, 2006
SECTION IV -- STANDARD VALVES
- 1 Standard Valve Demand by Type
- 2 Application-Specific Valve Shipments by Type, 2006
- 3 Quarterturn Valve Shipments, 2006
SECTION V -- AUTOMATIC VALVES
- 1 Control Valve Shipments by Type, 2006
- 2 Regulator Valve Shipments by Type, 2006
SECTION VI -- MARKETS
- 1 Process Manufacturing Valve Demand by Market, 2006
- 2 Public Utility Valve Demand by Market, 2006
SECTION VII -- INDUSTRY STRUCTURE
- 1 Industrial Valve Market Share by Company, 2006
