The Global Butt Weld Ball Valves Market size is projected to grow at a CAGR of more than 3.7% during the forecast period from 2021-2028. The report covers the market share and size of various segments in terms of type, application, and region, along with their forecasts for the next five years.
Buttweld ball valves are a type of valve where the piping lines are fastened together using two metal pieces. The main use is in pipelines that transport fluids within industrial plants and facilities, such as chemical, petrochemical industries, oil & gas sectors, etc. Butt Weld Ball Valves consist of a disc that is closed with an elastomeric seal made of EPDM, Teflon, or other suitable material. It can be rotated in either direction and usually has metallic seats for the valve to close properly on its own without any manual intervention. Heat may also be applied to speed up or slow down this process if necessary. The main characteristics are rust-proof design, better sealing performance at high pressure and a temperature range from -20⁰C (-40⁰F) to 200⁰C (400⁰F).
On the basis of Type, the global butt weld ball valves market is segmented into carbon steel ball valves and stainless steel ball valves.
Carbon steel ball valves are typically used in chemical and petrochemical industries, oil and gas industries. The main features of Carbon Steel Ball Valves are that they offer excellent corrosion resistance, superior strength, and low maintenance. The carbon steel ball valves are available in buttwelding and socket welding types. The benefits of this type include corrosion resistance, durability, easy installation & maintenance, etc.
Stainless steel ball valves are manufactured using quality stainless steel and they provide high durability to the system. They do not corrode, rust, or pit like carbon steel ball valves and thus need less maintenance than carbon steel types of butt weld ball valves. All stainless steel ball valves are manufactured by welding the body, bonnet, and trim together. They are typically used in high-pressure applications where corrosion resistance is needed to protect the valve from saltwater or harsh chemicals. Stainless steel ball valves also have a lower cost compared to other types of butt welded ball valves because they require fewer man-hours during manufacture to assemble them into one unit. This is a type of ball valve that has both ends welded to the middle. Because butt welding can be done easily and inexpensively, this method makes it an attractive choice even though there are some limitations associated with its use.
On the basis of Application, the global butt weld ball valves market is segmented into chemical & petrochemical industries, oil & gas industries, others.
Buttweld ball valves are widely used in the chemical and petrochemical industries for various applications. It is most commonly used in several processes like absorption, extraction, stripping, distillation, and drying of gases or liquids due to its excellent sealing capabilities under high pressures. The perfect design of the butt weld ball valve is useful in providing a better seal through narrow ports at higher pressure conditions such as argon purging process etc.
Buttweld ball valves are used to control the flow of oil and gas in several applications: - Transportation of Oil from Drilling Site to the Production facility.- Transportation of oil from the Production facility to the Refinery or Terminal.- Oil Transportation in Platforms, Floating vessels, and Tension leg platforms.- Oil Transportation in Pipelines.- Oil Transportation in Floating Storage Units (FSU) and Tension Leg Platforms (TLP).
On the basis of Region, the global butt weld ball valves market is segmented into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa. The market status of butt weld ball valves in North America is expected to be stable for the forecast period. The growth will mainly depend on key players’ strategies, product launches, and innovations to increase their customer base along with geographical expansion towards emerging economies. The market for Buttweld ball valves in Europe is growing at a very high rate. The increasing requirement from the end-use industries such as Oil and Gas, Chemical & Petrochemical, Refineries, etc. has been boosting the demand for butt weld ball valves. The Asia-Pacific butt weld ball valves market is projected to be the fastest-growing during the forecast period. Buttweld ball valves are widely used in the Middle East & Africa. They have gained wide recognition among large-scale infrastructure projects because of their superior strength and durability. The increasing investments by oil refineries, power stations, petrochemical industries, etc., are expected to drive demand for butt weld ball valves during the forecast period (2021–2028).
-Growth in the Oil and Gas Industry.
-Rapidly expanding Chemical and Petrochemical Industries.
-Growing demand for new product lines.
-Growth in developing regions due to rise in industrialization and urbanization activities.
-Growing production of plastics in the Asia Pacific region due to high demand from end-user industries such as automotive, electrical&electronics.
Up Market Research published a new report titled “Butt Weld Ball Valves Market research report which is segmented by Types (Carbon Steel Ball Valves, Stainless Steel Ball Valves), By Applications (Chemical and Petrochemical Industries, Oil and Gas Industries, Others), By Players/Companies Johnson Valves, KITZ, NIBCO, Velan, Haitima”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
|Report Attributes||Report Details|
|Report Title||Butt Weld Ball Valves Market Research Report|
|By Type||Carbon Steel Ball Valves, Stainless Steel Ball Valves|
|By Application||Chemical and Petrochemical Industries, Oil and Gas Industries, Others|
|By Companies||Johnson Valves, KITZ, NIBCO, Velan, Haitima|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||205|
|Number of Tables & Figures||144|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Carbon Steel Ball Valves, Stainless Steel Ball Valves and By Application Chemical and Petrochemical Industries, Oil and Gas Industries, Others.
Some of the companies that are profiled in this report are:
Butt Weld Ball Valves Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Butt Weld Ball Valves Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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