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The phrase "increasingly valuable" is correct and usable in written English.
You can use it when referring to something that has become more valuable over time, or something that is currently becoming more valuable. For example, "The company's reputation has become increasingly valuable, driving higher sales."
Exact(57)
Merchandise is increasingly valuable.
This audience is becoming increasingly valuable for Netflix.
Any new episode will become an increasingly valuable commodity.
And the information they gather is becoming increasingly valuable commercially.
The scarcity of alternatives makes existing quarries increasingly valuable.
The Depression hit, and government jobs became increasingly valuable.
Such strikes are increasingly valuable, and damaging to the caliphate's foes.
Such cooperation may be increasingly valuable as Microsoft continues to move into media and entertainment ventures.
Online listening has become an increasingly valuable outlet for music companies and artists.
But these countries are becoming increasingly valuable markets for rich countries' exports.
Sponsorship deals are nearly all profit and overseas broadcast rights are increasingly valuable.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com