Suckback valve is designed to draw back the residual liquid at the end of the nozzle of the outlet side of water dispensing system in order to prevent dripping. These valves are used in fluid dispensing systems, fine chemicals, and petrochemicals industries. Growth in major industries such as automobile, construction, and chemical is boosting petrochemical industries. This, in turn, is driving the Suckback Valve market. Improvement in manufacture of fluid dispensing systems is widening the application range of these system. This is also anticipated to propel the suckback valve market during the forecast period. Pharmaceutical and agrochemical industries are expanding significantly across the globe. This is estimated to fuel the fine chemicals market growth, thereby augmenting the suckback valve market in the near future.
Suckback Valve Market – Competitive Landscape
Several international and domestic companies operate in the global suckback valve market. Leading players are focusing on technological developments in products in order to reduce the cost of production.
- In October 2018, ASAHI YUKIZAI CORPORATION started a representative office in South Africa to maintain the growth and sustainable development of the valve and piping systems business in Africa
- In December 2017, IMI plc, a specialist engineering group, announced that it had completed the acquisition of Bimba. The acquisition is anticipated to boost the current position of IMI plc in the industrial automation market in the U.S. Bimba manufactures pneumatic, hydraulic, electric, and vacuum motion solutions.
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Founded in 1959 in Tokyo, Japan, SMC Corporation manufactures, processes, and sells automatic control equipment. It also sells sintered filters and various types of filtration equipment. The company has around six production facilities in Japan in Soka, Tono, Tsukuba, Kamaishi, Shimotsuma, and Yamatsuri. SMC Corporation also has around 500 sales offices in 83 countries across the globe. The company has overseas factories in 30 countries. It employs 19,765 people across the globe.
International Polymer Solutions (iPolymer)
International Polymer Solutions (iPolymer) is a global supplier of engineered high purity fluid handling products. The company offers catalog standard and custom fabricated solutions for industries and applications that require engineered polymer performance. Its product portfolio includes PTFE fittings and connectors, PTFE spray guns and devices, solenoid valves, pneumatic valves, and other flow devices.
Established in 1934, Koganei Corporation is headquartered in Tokyo, Japan. The company manufactures and sells pneumatic system products, electric actuators, centralized lubrication equipment, static electricity removing units, and environmental/hygiene related products. Koganei Corporation employs around 600 people. It has distributors across the globe.
Several international and domestic players operate in the suckback valve market. These include ASAHI YUKIZAI CORPORATION, Bimba Manufacturing Company, and Sumitomo Bakelite Co., Ltd.
Suckback Valve Market – Dynamics
Growth in Applications Anticipated to Boost Demand for suckback valves
Suckback valves are employed in various applications across different industries including fluid dispensing, petrochemicals, and fine chemicals. Economic development in several emerging countries, such as Brazil, China, and India, is boosting the industries mentioned above. Expansion in associated industries such as pharmaceutical, automobile, and construction is augmenting petrochemical and fine chemical industries. This is anticipated to boost the global market during the forecast period.
Technological Advancement in Products Expected to Augment Demand for suckback valves
Manufacturers are increasingly focusing on technological developments and product innovations to cater to the diverse regional markets across the globe. Improvement in features such as compatibility with acid, solvent, photoresist solutions, and other process dispensed chemistries is expected to increase the attractiveness of the suckback valve market. Continuous innovation in valve efficiency for avoiding excessive dripping is projected to stimulate the suckback valve market during the forecast period.
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Suckback Valve Market – Segmentation
The suckback valve market can be segmented based on:
- Port Type
- Distribution Channel
Suckback Valve Market Segmentation – By Type
Based on type, the suckback valve market can be divided into:
- ¼” Type
- 1/8” Type
- 3/8” Type
Suckback Valve Market Segmentation – By Port Type
Based on port type, the suckback valve market can be segregated into:
- FNPT (Female National Pipe Thread)
- MNPT (Male National Pipe Thread)
Suckback Valve Market Segmentation – By Application
In terms of application, the suckback valve market can be classified into:
- Fine Chemical
Suckback Valve Market Segmentation – By Distribution Channel
Based on distribution channel, the suckback valve market can be divided into:
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