Ball Valve Market Forecast to 2028 - Global Analysis by Type, Material, and End-Use Industry

List of Tables

The ball valve market is projected to reach US$ 22.0 billion by 2028 from US$ 15.1 billion in 2022; it is expected to record a CAGR of 5.8% during 2023-2028.

Ball valves are used in refinery and gas processing facilities. In gas processing facilities, ball valves are used to control natural gas flow during various processing stages, such as separation, dehydration, and sweetening. In refineries, the valves control the flow of crude oil and refined products during the distillation, cracking, and blending process. Moreover, ball valves are used in storage and distribution facilities to manage the flow of oil and gas into storage tanks and other vessels. As the valve provides tight shutoff and can withstand harsh operating conditions, it becomes an ideal solution for storage and distribution applications. Also, ball valves are used in offshore oil and gas platforms to on-off hydrocarbons and other fluids flow during production and drilling activities. Thus, increasing use of ball valves in various applications in the oil & gas industry is fueling the ball valve market growth.

Impact of COVID-19 Pandemic on Ball Valve Market Growth

The US was the most affected country in North America due to the COVID-19 pandemic. Strict regulations imposed by the US government in Q2 of 2020 restricted all human activities. As a result, there was a temporary suspension of many production activities in various industries such as industrial chemical, oil & gas, and others, which negatively affected the growth of ball valve market during the pandemic. However, as soon as the lockdown restrictions were lifted and the manufacturing activities restarted in Q1 of 2021, the market started to recover. As the pandemic has risen the adoption of technology in almost all the sectors, the ball valve market players in the region also worked on providing innovative ball valves. In November 2021, Rusco, a water filtration firm, launched a new ball valve that works on an app. It can be easily paired with Apple and Android devices for programme automation, simplifying two primary functions sediment flushing and flow shut-off. Thus, the growing adoption of technology in ball valves will further propel the ball valve market growth during the forecast period.

Asia was the largest chemical producing region across the world in 2022. It represents more than 45% of global chemical manufacturing, according to the European Chemical Industry Council, AISBL. The rising production volume of chemicals and the growing chemical industries across Asia Pacific positively impacted the ball valve market. To facilitate the production of petroleum and petrochemicals in 2022, the Indian government is planning to redraft the policy guidelines of Petroleum, Chemicals, and Petrochemicals Investment Region (PCPIR). Also, the Production Linked Incentives (PLI) scheme by the government of India in key end-use sectors such as textiles and food products is driving the chemicals & petrochemicals sector growth. Expansion of the chemicals & petrochemicals sector contributes to the Asia Pacific ball valve market growth and will create a business opportunity for ball valve manufacturers in the coming years.

Ball valves are used to control the pressure and flow of chemicals in the chemical industry. The leak-proof feature of these valves makes them a suitable option in the industry. According to India Brand Equity Foundation, the Indian chemical industry was valued at US$ 178 billion in 2019 and is expected to reach around US$ 304 billion by 2025 with a CAGR of 9.3%. Thus, the growing chemical industry drives the demand for ball valves in the Asia Pacific region.

Smart Valves, SWI Valve Co Ltd, FITOK Group, and EAYUAN METAL INDUSTRIAL CO LTD are a few key players in the Asia Pacific ball valves market. These market players are continuously developing and upgrading their product portfolios to increase their revenue and cater to the demand from various industries. In addition, there is a rise in new product launches by the market players. In November 2022, China-based FITOK Group launched BGP series 3-piece high purity ball valves specially developed to meet the requirements such as degreasing, working pressure reduction, and high and bi-directional flow rate. These ball valves are designed for the semiconductor, chemical, and specialty gas industries, as they help handle high flow cAsia Pacificity. Also, these valves need low maintenance, which contributes to the overall operational and energy cost saving. Such benefits of ball valves and introduction of new products with enhanced features will positively impact the ball valve market growth in Asia Pacific in the coming years.

Schlumberger Limited, Crane Co., Curtiss Wright Corporation, Emerson Electric Co., Flowserve Corporation, IMI Critical Engineering, KITZ corporation, Valvitalia SpA, Neway valve, and Velan Inc. are a few key ball valve market players.

The overall ball valve market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast of the ball valve market size with respect to all market segments. Also, industry participants and commentators have conducted multiple primary interviews to validate the data and gain analytical insights. Participants of this process include VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the ball valve market.

Reasons to Buy:

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global ball valve market.
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The key findings and recommendations highlight crucial progressive industry trends in the global ball valve market, thereby allowing players across the value chain to develop effective long-term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
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Product Code: TIPTE100000555

1. Introduction

1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Ball Valve Market Landscape

4.1 Market Overview
4.2 PEST Analysis
- 4.2.1 North America
- 4.2.2 Europe
- 4.2.3 APAC
- 4.2.4 MEA
- 4.2.5 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinions

5. Ball Valve Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Rising Demand for Ball Valves in Oil and Gas Industry
- 5.1.2 Growing Mergers and Acquisitions
5.2 Key Market Restraints
- 5.2.1 Growing Use of Other Valves as an Alternative
5.3 Key Market Opportunities
- 5.3.1 Growing Investment in the Drinking Water Infrastructure
5.4 Future Trends
- 5.4.1 Increasing Automation in End-Use Industries
5.5 Impact Analysis of Drivers and Restraints

6. Ball Valve Market - Global Market Analysis

6.1 Global Ball Valve Market Overview
6.2 Global Ball Valve Market Revenue Forecast and Analysis
6.3 Market Positioning - Five Key Players

7. Ball Valve Market Revenue and Forecast to 2028 - Type

7.1 Overview
7.2 Ball Valve Market, By Type (2022 & 2028)
7.3 Rising Stem
- 7.3.1 Overview
- 7.3.2 Rising Stem: Ball Valve Market Revenue and Forecast to 2028 (US$ Million)
7.4 Floating
- 7.4.1 Overview
- 7.4.2 Floating: Ball Valve Market Revenue and Forecast to 2028 (US$ Million)
7.5 Trunnion Mounted
- 7.5.1 Overview
- 7.5.2 Trunnion Mounted: Ball Valve Market Revenue and Forecast to 2028 (US$ Million)

8. Ball Valve Market Revenue and Forecast to 2028 - Material

8.1 Overview
8.2 Ball Valve Market, By Material (2022 & 2028)
8.3 Stainless Steel
- 8.3.1 Overview
- 8.3.2 Stainless Steel: Ball Valve Market Revenue and Forecast to 2028 (US$ Million)
8.4 Cast Iron
- 8.4.1 Overview
- 8.4.2 Cast Iron: Ball Valve Market Revenue and Forecast to 2028 (US$ Million)
8.5 Cryogenic
- 8.5.1 Overview
- 8.5.2 Cryogenic: Ball Valve Market Revenue and Forecast to 2028 (US$ Million)
8.6 Alloy
- 8.6.1 Overview
- 8.6.2 Alloy: Ball Valve Market Revenue and Forecast to 2028 (US$ Million)
8.7 Others
- 8.7.1 Overview
- 8.7.2 Others: Ball Valve Market Revenue and Forecast to 2028 (US$ Million)

9. Ball Valve Market Revenue and Forecast to 2028 - End-Use Industry

9.1 Overview
9.2 Ball Valve Market, By End-Use Industry (2022 & 2028)
9.3 Water Management
- 9.3.1 Overview
- 9.3.2 Water Management: Ball Valve Market Revenue and Forecast to 2028 (US$ Million)
9.4 Oil & Gas
- 9.4.1 Overview
- 9.4.2 Oil & Gas: Ball Valve Market Revenue and Forecast to 2028 (US$ Million)
9.5 Chemicals
- 9.5.1 Overview
- 9.5.2 Chemicals: Ball Valve Market Revenue and Forecast to 2028 (US$ Million)
9.6 Pharmaceuticals
- 9.6.1 Overview
- 9.6.2 Pharmaceuticals: Ball Valve Market Revenue and Forecast to 2028 (US$ Million)
9.7 Energy & Power
- 9.7.1 Overview
- 9.7.2 Energy & Power: Ball Valve Market Revenue and Forecast to 2028 (US$ Million)
9.8 Others
- 9.8.1 Overview
- 9.8.2 Others: Ball Valve Market Revenue and Forecast to 2028 (US$ Million)

10. Ball Valve Market - Geographic Analysis

10.1 Overview
10.2 North America: Ball Valve Market
- 10.2.1 North America: Ball Valve Market - Revenue and Forecast to 2028 (US$ Million)
- 10.2.2 North America: Ball Valve Market, By Type
- 10.2.3 North America: Ball Valve Market, by Material
- 10.2.4 North America: Ball Valve Market, by End-Use Industry
- 10.2.5 North America: Ball Valve Market, by Key Country
  - 10.2.5.1 US: Ball Valve Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.2.5.1.1 US: Ball Valve Market, By Type
    - 10.2.5.1.2 US: Ball Valve Market, by Material
    - 10.2.5.1.3 US: Ball Valve Market, by End-Use Industry
  - 10.2.5.2 Canada: Ball Valve Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.2.5.2.1 Canada: Ball Valve Market, By Type
    - 10.2.5.2.2 Canada: Ball Valve Market, by Material
    - 10.2.5.2.3 Canada: Ball Valve Market, by End-Use Industry
  - 10.2.5.3 Mexico: Ball Valve Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.2.5.3.1 Mexico: Ball Valve Market, By Type
    - 10.2.5.3.2 Mexico: Ball Valve Market, by Material
    - 10.2.5.3.3 Mexico: Ball Valve Market, by End-Use Industry
10.3 Europe: Ball Valve Market
- 10.3.1 Europe: Ball Valve Market - Revenue and Forecast to 2028 (US$ Million)
- 10.3.2 Europe: Ball Valve Market, By Type
- 10.3.3 Europe: Ball Valve Market, by Material
- 10.3.4 Europe: Ball Valve Market, by End-Use Industry
- 10.3.5 Europe: Ball Valve Market, by Key Country
  - 10.3.5.1 Germany: Ball Valve Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.3.5.1.1 Germany: Ball Valve Market, By Type
    - 10.3.5.1.2 Germany: Ball Valve Market, by Material
    - 10.3.5.1.3 Germany: Ball Valve Market, by End-Use Industry
  - 10.3.5.2 France: Ball Valve Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.3.5.2.1 France: Ball Valve Market, By Type
    - 10.3.5.2.2 France: Ball Valve Market, by Material
    - 10.3.5.2.3 France: Ball Valve Market, by End-Use Industry
  - 10.3.5.3 Italy: Ball Valve Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.3.5.3.1 Italy: Ball Valve Market, By Type
    - 10.3.5.3.2 Italy: Ball Valve Market, by Material
    - 10.3.5.3.3 Italy: Ball Valve Market, by End-Use Industry
  - 10.3.5.4 UK: Ball Valve Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.3.5.4.1 UK: Ball Valve Market, By Type
    - 10.3.5.4.2 UK: Ball Valve Market, by Material
    - 10.3.5.4.3 UK: Ball Valve Market, by End-Use Industry
  - 10.3.5.5 Russia: Ball Valve Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.3.5.5.1 Russia: Ball Valve Market, By Type
    - 10.3.5.5.2 Russia: Ball Valve Market, by Material
    - 10.3.5.5.3 Russia: Ball Valve Market, by End-Use Industry
  - 10.3.5.6 Rest of Europe: Ball Valve Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.3.5.6.1 Rest of Europe: Ball Valve Market, By Type
    - 10.3.5.6.2 Rest of Europe: Ball Valve Market, by Material
    - 10.3.5.6.3 Rest of Europe: Ball Valve Market, by End-Use Industry
10.4 Asia Pacific: Ball Valve Market
- 10.4.1 Asia Pacific: Ball Valve Market - Revenue and Forecast to 2028 (US$ Million)
- 10.4.2 Asia Pacific: Ball Valve Market, By Type
- 10.4.3 Asia Pacific: Ball Valve Market, by Material
- 10.4.4 Asia Pacific: Ball Valve Market, by End-Use Industry
- 10.4.5 Asia Pacific: Ball Valve Market, by Key Country
  - 10.4.5.1 Australia: Ball Valve Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.4.5.1.1 Australia: Ball Valve Market, By Type
    - 10.4.5.1.2 Australia: Ball Valve Market, by Material
    - 10.4.5.1.3 Australia: Ball Valve Market, by End-Use Industry
  - 10.4.5.2 China: Ball Valve Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.4.5.2.1 China: Ball Valve Market, By Type
    - 10.4.5.2.2 China: Ball Valve Market, by Material
    - 10.4.5.2.3 China: Ball Valve Market, by End-Use Industry
  - 10.4.5.3 India: Ball Valve Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.4.5.3.1 India: Ball Valve Market, By Type
    - 10.4.5.3.2 India: Ball Valve Market, by Material
    - 10.4.5.3.3 India: Ball Valve Market, by End-Use Industry
  - 10.4.5.4 Japan: Ball Valve Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.4.5.4.1 Japan: Ball Valve Market, By Type
    - 10.4.5.4.2 Japan: Ball Valve Market, by Material
    - 10.4.5.4.3 Japan: Ball Valve Market, by End-Use Industry
  - 10.4.5.5 South Korea: Ball Valve Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.4.5.5.1 South Korea: Ball Valve Market, By Type
    - 10.4.5.5.2 South Korea: Ball Valve Market, by Material
    - 10.4.5.5.3 South Korea: Ball Valve Market, by End-Use Industry
  - 10.4.5.6 Rest of APAC: Ball Valve Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.4.5.6.1 Rest of APAC: Ball Valve Market, By Type
    - 10.4.5.6.2 Rest of APAC: Ball Valve Market, by Material
    - 10.4.5.6.3 Rest of APAC: Ball Valve Market, by End-Use Industry
10.5 MEA: Ball Valve Market
- 10.5.1 MEA: Ball Valve Market - Revenue and Forecast to 2028 (US$ Million)
- 10.5.2 MEA: Ball Valve Market, By Type
- 10.5.3 MEA: Ball Valve Market, by Material
- 10.5.4 MEA: Ball Valve Market, by End-Use Industry
- 10.5.5 MEA: Ball Valve Market, by Key Country
  - 10.5.5.1 Saudi Arabia: Ball Valve Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.5.5.1.1 Saudi Arabia: Ball Valve Market, By Type
    - 10.5.5.1.2 Saudi Arabia: Ball Valve Market, by Material
    - 10.5.5.1.3 Saudi Arabia: Ball Valve Market, by End-Use Industry
  - 10.5.5.2 UAE: Ball Valve Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.5.5.2.1 UAE: Ball Valve Market, By Type
    - 10.5.5.2.2 UAE: Ball Valve Market, by Material
    - 10.5.5.2.3 UAE: Ball Valve Market, by End-Use Industry
  - 10.5.5.3 South Africa: Ball Valve Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.5.5.3.1 South Africa: Ball Valve Market, By Type
    - 10.5.5.3.2 South Africa: Ball Valve Market, by Material
    - 10.5.5.3.3 South Africa: Ball Valve Market, by End-Use Industry
  - 10.5.5.4 Rest of MEA: Ball Valve Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.5.5.4.1 Rest of MEA: Ball Valve Market, By Type
    - 10.5.5.4.2 Rest of MEA: Ball Valve Market, by Material
    - 10.5.5.4.3 Rest of MEA: Ball Valve Market, by End-Use Industry
10.6 SAM: Ball Valve Market
- 10.6.1 SAM: Ball Valve Market - Revenue and Forecast to 2028 (US$ Million)
- 10.6.2 SAM: Ball Valve Market, By Type
- 10.6.3 SAM: Ball Valve Market, by Material
- 10.6.4 SAM: Ball Valve Market, by End-Use Industry
- 10.6.5 SAM: Ball Valve Market, by Key Country
  - 10.6.5.1 Brazil: Ball Valve Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.6.5.1.1 Brazil: Ball Valve Market, By Type
    - 10.6.5.1.2 Brazil: Ball Valve Market, by Material
    - 10.6.5.1.3 Brazil: Ball Valve Market, by End-Use Industry
  - 10.6.5.2 Argentina: Ball Valve Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.6.5.2.1 Argentina: Ball Valve Market, By Type
    - 10.6.5.2.2 Argentina: Ball Valve Market, by Material
    - 10.6.5.2.3 Argentina: Ball Valve Market, by End-Use Industry
- 10.6.6 Rest of SAM: Ball Valve Market - Revenue and Forecast to 2028 (US$ Million)

11. Ball Valve Market - Covid-19 Impact Analysis

11.1 Overview
11.2 North America: Impact Assessment of COVID-19 Pandemic
11.3 Europe: Impact Assessment of COVID-19 Pandemic
11.4 Asia Pacific: Impact Assessment of COVID-19 Pandemic
11.5 MEA: Impact Assessment of COVID-19 Pandemic
11.6 South America Impact Assessment of COVID-19 Pandemic

12. Industry Landscape

12.1 Overview
12.2 Market Initiative
12.3 New Product Development

13. Company Profiles

13.1 Velan Inc
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
13.2 Neway Valve Suzhou Co Ltd
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
13.3 KITZ Corp
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
13.4 IMI Plc
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
13.5 Flowserve Corp
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
13.6 Curtiss-Wright Corp
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments
13.7 Crane Co
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
- 13.7.6 Key Developments
13.8 Emerson Electric Co
- 13.8.1 Key Facts
- 13.8.2 Business Description
- 13.8.3 Products and Services
- 13.8.4 Financial Overview
- 13.8.5 SWOT Analysis
- 13.8.6 Key Developments
13.9 Schlumberger NV
- 13.9.1 Key Facts
- 13.9.2 Business Description
- 13.9.3 Products and Services
- 13.9.4 Financial Overview
- 13.9.5 SWOT Analysis
- 13.9.6 Key Developments
13.10 Valvitalia SpA
- 13.10.1 Key Facts
- 13.10.2 Business Description
- 13.10.3 Products and Services
- 13.10.4 Financial Overview
- 13.10.5 SWOT Analysis
- 13.10.6 Key Developments

14. Appendix

14.1 About The Insight Partners
14.2 Word Index