Growing Usage by Food & Beverages Industry Driving Control Valves Market

In 2017, the control valves market generated $11,137.0 million and is expected to attain $16,057.5 million in 2023, advancing at a 6.3% CAGR during the forecast period (2018–2023). The market is growing due to the high energy demand ascribed to the rising population, increasing need for wireless infrastructure to monitor and control equipment, rise in infrastructure projects, and surging use by the food and beverage industry. A physical device which is utilized to control the flow of fluid by varying the size of the flow passage using a controller is called a control valve.

In terms of type, the control valves market is categorized into butterfly valve, globe valve, ball valve, cryogenic valve, and others (which include gate valve, diaphragm valve, and plug valve). Out of these, the butterfly valve dominated the market during the historical period (2013–2017), holding a share of more than 30.0% in 2017, in terms of volume. This was because the butterfly valve is small and when it is actuated pneumatically, it opens and closes quickly. The fastest CAGR is projected to be registered by ball valve during the forecast period.

Request to get the sample copy of the market report: https://www.psmarketresearch.com/market-analysis/control-valves-market/report-sample

When application is taken into consideration, the control valves market is divided into oil & gas, food & beverages, pharmaceuticals, power generation, chemicals, automotive, wastewater management, and others (which include marine, mining, and agriculture). Among these, the power generation application accounted for the major share of the market during the historical period, in terms of volume. The pharmaceuticals application is expected to grow at the fastest CAGR during the forecast period. Pharmaceutical industries need a lot of safety standards, which is why valves are made with special specifications for this industry.

A primary driving factor of the control valves market is the growing demand for energy due to the rapidly increasing population, especially in countries such as Indonesia and India. This is resulting in an increased number of power plants for generating energy to meet its demand. Pneumatic actuators are utilized extensively in power plants for driving the control valves in different facilities. In addition to this, butterfly valves are used in firefighting pipelines and treatment plants. Thus, the rising requirement for energy is expected to lead to the increasing requirement for control valves.

Another factor leading to the growth of the control valves market is the increasing usage by the food & beverages industry. Due to the rising disposable income, people are increasingly purchasing processed foods, which, in turn, is leading to the rise in the number of food processing plants. These plants need control valves in different units. Globe, check, and gate valves are some of the most commonly utilized control valves in food processing plants. In addition to this, butterfly and ball valves are utilized by the dairy processing industry for preventing contamination and leakage.


The development of new valve technology is a key trend in the control valves market. Conventionally, control valves were used mechanically without any chips or processors embedded in them. However, now manufacturers have started focusing on the development of new valve technologies, which have processors embedded inside the valves. This will allow the valves to deliver real-time data on flow rates and operating conditions and help during unplanned shutdowns and predictive maintenance.

Hence, the market is witnessing growth due to the rising usage by the food & beverages industry and surging demand for energy because of increasing population.

How is Growing Demand for Charcoal in Water Treatment Plants Driving Charcoal Market?

The swift industrialization has resulted in the increased amount of pollutants in the water. As per the Organization for Economic Co-operation and Development’s Environmental Outlook to 2050, published in 2012, the requirement for water worldwide is expected to grow by over 55% by 2050. Hence, in order to provide clean drinking water to people, the need for managing wastewater through treatment plants is surging. This has led to the rising adoption of Japanese white charcoal for water purification purposes, since it enriches the water with natural minerals and eliminate chemicals from it. Furthermore, the use of activated charcoal carbon filters is an effective means of removing volatile organic compounds, foul odor, chlorine, and several other sediments from the water.


Get a sample copy of the market report: https://www.psmarketresearch.com/market-analysis/charcoal-market/report-sample



Charcoal, a porous black solid, is obtained as a residue by heating wood or any other organic material in the absence of oxygen. It is the amorphous form of carbon and has higher calorific value and lower ignition temperature than wood. In 2018, the global charcoal market reached a value of $5,882.8 million and is projected to attain $6,566.5 million in 2024, advancing at a 1.9% CAGR during the forecast period (2019–2024). Different types of charcoal include sugar charcoal, charcoal briquettes, Japanese charcoal, and lump charcoal. Among all these, the largest demand was created for lump charcoal during 2014–2018.


There are various applications of charcoal, namely filtration, barbecue, metallurgical fuel, industrial, and others (which include pharmaceutical, automotive, medical, horticulture, and arts). Out of these, the largest demand for charcoal was created by the barbecue application and the situation is going to be the same during the forecast period as well. The growing popularity of barbecued food is a key trend that is being observed in the charcoal market. Charcoal is increasingly being used as a fuel for cooking barbecued food as it provides a caramelized exterior and smoky flavor to the food.

Apart form barbecued food, the popularity of grilled food is also growing, primarily because of several health benefits that are associated with it. Grilled food is low in fat since the excess oil drips off the grates during the cooking process. In addition to this, the grilling process locks in more moisture and consumes less butter or oil, due to which the nutritional value of the food is not compromised. The health consciousness among people is rising as well, which is why they are opting for healthier food. Hence, all these factors are leading to the growing demand for charcoal.

Among different regions, namely Europe, Latin America (LATAM), Middle East and Africa (MEA), North America, and Asia-Pacific, the highest demand for charcoal is expected to be created by the LATAM region during the forecast period. The reason for this the surging adoption of charcoal in the energy industry, for usage in metallurgy and power generation, and the rising production of cement in the region. Furthermore, different metal producers in the region are utilizing charcoal instead of coal to decrease the dependency on coal. In the coming years, the fastest growth in demand for charcoal is projected to be witnessed by the MEA region.

Rising Demand for Treated Water to Shoot Up Global Biocides Market Revenue till 2024

The worldwide biocides market is predicted to reach 1,376.6 kiloton sales by 2024, from its recorded sales of 1,062.3 kilotons in 2018, registering a CAGR of 4.4% during 2019–2024 (forecast period). This rapid expansionin the market can be attributed to the increasing usage of biocidal products inwater treatment processes andpreservation of petrochemical products, wood, paints, and coatings. One of the key application areas of biocidal products is water treatment, in which they are widely used for maintaining the microbiological quality of water.

Get a sample copy of the report: https://www.psmarketresearch.com/market-analysis/biocides-market/report-sample

The major trend in the global biocides market is the introduction of stringent laws and regulations for biocides and biocide-based products, by various regulatory bodies and government departments across the world. For instance, the European Union (EU) and United States Food and Drug Administration (FDA) have issued regulations and guidelines in order to control the use of biocides and their active ingredients. This has increased the supervision oncertain biocidal products as well as resulted in the imposition of bans on some of these, owing to their cancer-causing nature.

In order to keep up with the standards set by the FDA and EU, the regulatory bodies in India, Vietnam, and South Korea have implemented laws, which have outlined strict regulations for a number of biocidal products. For instance, the Ministry of Environment (MoE) ofSouth Korea passed the Consumer Chemical Products and Biocides Safety Act, in January 2019. This act, also known as K-BPR, includes biocidal active substrates, consumer chemical products, biocidal products, and biocide-treated articles, under itsambitof the monitored products.

The increasing demand for water disinfection, owing to the rising pollution and water-borne contamination, is projected to drive the tremendous growth of the biocides market during the forecast period. The rising requirement for various biocidal products in various stages of water supply, such as production, transportation, and storage, due to their anti-fouling and pathogen-eliminating characteristics, ensure their heavy usage. Additionally, the usefulness of such products in maintaining the microbiological quality of water at an acceptable level will increase their demand in the coming years.

On the basis of type, the biocides market is divided into metallic, organosulfur, organic acid, halogenated, phenolic, nitrogenous, and other products, which include inorganic acids, ozone, alcohols, and aldehydes. Out of these, halogenated biocides, on account of their high demand as disinfectants, for water treatment, held more than 35.0% market share in 2018. The rapidly rising demand for halogenated biocidal products will lead the market to prosperity in the coming years.

Depending on application, the biocides market is divided into water treatment, human hygiene, preservation, household, industrial, and institutional (HI&I) cleaning, and others, which include agriculture and aquaculture. Amongst these, the water treatment application, owing to the growing demand for treated water for residential and industrial applications, records the highest usage of biocidal products. As a result of this,the water treatment division held the largest share, of almost 45.0%, in 2018.

On a regional basis,the Asia-Pacific (APAC) region is predicted to witness the fastest progressduring the forecast period. The main factor that will contribute toward this is the increasing demand for treated water in India, China, and Southeast Asian countries, for industrial and residential purposes. Due to a surge in the industrial capacities of these countries, as a result of the population boom, the demand for biocidal products is going to shoot up considerably in the region.

Therefore, on account of the growing need for treated water for a plethora of applications, in various countries across the world, the market will grow significantly in future.

What are Key Factors Driving Progress of Hot Melt Adhesives Market in Europe?

The rising spending power of consumers in developing countries, such as China, India, and Indonesia, is one of the major factors propelling the demand for hot melt adhesives. These nations have undergone robust economic growth over the last few years, which has increased the per capita and disposable income of the people living there. This has, in turn, boosted the demand for various products, in which hot melt adhesives are used, such as footwear, electronics, and clothes. For instance, hot melts are extensively used in electronic products for combining together two substrates.
The large-scale industrialization and subsequent growth of the packaging industry across the globe is another key factor responsible for the surge in the demand for hot melt adhesives, especially in the developing nations of Asia-Pacific (APAC), primarily due to the increasing purchasing ability of people and the development of environment-friendly products. Thus, the global hot melt adhesives market is projected to advance at a CAGR of 5.7% during the forecast period (2018–2023) and generate revenue of $10,259.7 million in 2023, compared to $7,353.1 million in 2017.

Get a sample copy of the market report: https://www.psmarketresearch.com/market-analysis/hot-melt-adhesives-market/report-sample

There are numerous types of hot melt adhesives available in the market, namely styrenic block copolymer (SBC), polyamide (PA), metallocene polyolefin (MPO), amorphous polyalphaolefin (APAO), polyurethane (PU), ethylene vinyl acetate (EVA), and polyester. Amongst these, the EVA variants registered the largest sales in 2017, which is mainly attributed to their various advantages such as longer durability, quicker setting time, and suitability at a wider temperature range. Additionally, the rapid advancements in the automotive and construction industries are predicted to further push the demand for the EVA variants in the coming years.

Hot melt adhesives are widely used in various processes pertaining to furniture, textile, automobile, bookbinding, and diaper production. Out of these, the sales of hot melt adhesives are expected to escalate at the highest pace to the automobile sector in the coming years, owing to the rising usage of these adhesives in the assembly of commercial and personal vehicles. The transitioning of automobile manufacturers from conventional methods to new techniques of component assembly is the biggest factor currently shaping the hot melt adhesives market.

The different components of an automobile have been, generally, bonded together by conventional methods, such as by using welds or mechanical fasteners, which provide high strength and efficient performance. However, since the last few years, consumers have started preferring different and more sophisticated vehicle designs, which require the use of hot melt adhesives during the assembling process. This, apart from the rising popularity of low-weight automobiles, is causing the shift toward new bonding techniques. The latter is the results of the focus on higher fuel economy, as lower weight equals lesser burden on the engine.

Globally, the highest demand for hot melt adhesives was witnessed in Europe in 2017. This is mainly attributed to the higher spending power of Europeans as compared to the people in most other regions. Moreover, the presence of major automobile manufacturing companies directly contributes to the huge demand for hot melt adhesives in the region. APAC, on account of the burgeoning need for high-performance materials in various industries, such as automobile and electronics, is expected to register the fastest growth in demand for hot melt adhesives during the forecast period.

Hence, the escalating need for strong yet low-weight binding materials for a wide range of industrial applications will substantially raise the demand for hot melt adhesives in the coming years.