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As per the study initiated by Evolve Business Intelligence, the global Steel and Alloy Casting Valves market size accounted for USD 25.4 Billion in 2022, growing at a CAGR of 7.2% from 2023 to 2033. The steel and alloy casting valves market refers to the industry involved in the production, distribution, and sale of valves made from steel and alloy casting processes. Steel and alloy casting valves are widely used in various industries, including oil and gas, power generation, chemical, water, and wastewater treatment, and manufacturing. These valves play a critical role in controlling the flow of fluids and gases in pipelines and process systems. The steel and alloy casting valves market is driven by factors such as the growth in industrial infrastructure development, increasing demand for energy, and stringent regulations for safety and environmental protection. Steel and alloy casting valves are preferred in industries that require high-pressure and high-temperature applications due to their durability, corrosion resistance, and reliable performance.
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Key Highlights:
The global Steel and Alloy Casting Valves Market size was valued at USD 4 billion in 2022 growing at a CAGR of 7.2% from 2023 to 2033. North America dominated the market in 2022 Asia Pacific is expected to fastest-growing at the highest CAGR from 2023 to 2033
Evolve Business Intelligence has published a new market research report on Global Steel and Alloy Casting Valves Market focusing in various aspects including market size and forecast, market dynamics, competitors market share analysis, market size in terms of value and volume, SWOT analysis, product benchmarking, key players recent developments, and opportunities, among others. The market has also been analyzed based on 4 indicators in the market dynamic chapter which includes Drivers, Restraints, Key Trends, and Challenges. The overall sum of these sections will help to understand the best strategies to be adopted in order to prosper through this industry over short and long terms. The quantitative analysis includes our authentic findings out of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.
In terms of COVID 19 impact, the Steel and Alloy Casting Valves market report also includes the following data points:
COVID19 Impact on Steel and Alloy Casting Valves market size End-User/Industry/Application Trend, and Preferences Government Policies/Regulatory Framework Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies Opportunity in Steel and Alloy Casting Valves market
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Key Players
Some of the major Steel and Alloy Casting Valves players holding high market share include AZ Armaturen GmbH, Schlumberger Limited, Chemtrols Industries Pvt. Ltd., and Franklin Valve Company. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.
The key players profiled in the report are:
AZ Armaturen GmbH Schlumberger Limited Chemtrols Industries Pvt. Ltd. Franklin Valve Company Galli & Cassina Ghatge Patil Industries Ltd. G M Engineering Hawa Valves Hitech Horizon Polymer Engineering Pvt. Ltd.
Segmental Analysis
Market Segment By Type with focus on market share, consumption trend, and growth rate of Steel and Alloy Casting Valves Market:
Plug Valves Gate Globe Check Valves Butterfly Valves Ball Valves
Market Segment By Material with focus on market share, consumption trend, and growth rate of Steel and Alloy Casting Valves Market:
Cast Iron Carbon Steel Alloy Steel Austenitic Steel Nickel Alloy Steel Ductile Steel Duplex Stainless Steel
Market Segment By end-user with a focus on market share, consumption trend, and growth rate of the Steel and Alloy Casting Valves Market:
Oil Exploration Cracking & Refining Pipelines & Oil Transports LPG Marketing Terminals & Bottling Plants Liquefied Natural Gas Petrochemicals Chemicals Fertilizer Mining Food Pharmaceutical Cement Others
| Parameters | Details |
| Market Size (2022) | $ 25.4 Billion |
| CAGR (2023 to 2033) | 7.2% |
| Market Segmentation | Type, Material, End User |
| Country Covered | US, Canada, Mexico, UK, Germany, France, Italy, Spain, Nordic Countries, BeNeLux, Rest of Europe, China, India, Japan, South Korea, Indonesia, Malaysia, Australia, Rest of Asia Pacific, Middle East & Africa, and South America |
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Global Steel and Alloy Casting Valves Geographic Coverage:
North America Europe UK Germany France Italy Spain Nordic Countries Benelux Rest of Europe
Asia Pacific China Japan India South Korea Indonesia Malaysia Australia Rest of Asia Pacific
Middle East and Africa Saudi Arabia UAE Egypt South Africa Rest of MEA
Latin America Mexico Brazil Argentina Rest of Latin America
Reasons to Buy this Report:
Detail analysis of the impact of market drivers, restraints, and opportunities Competitive Intelligence provides an understanding of the ecosystem Details analysis of the Total Addressable Market (TAM) of your products Investment Pockets and New Business Opportunities Demand-supply gap analysis Strategy Planning
About EvolveBI
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