The cast irons are used in pipes, machines, and automotive industry parts such as cylinder heads, cylinder blocks, and gearbox cases. The Ball Valves is being used in the various sectors such as aerospace & defense, oil and gas industry and among them. Whereas,
The Oil & Gas sector accounted for the largest share in global ball valves market in 2016.The global The Ball Valves market is expected to grow at USD ~1.Market Research Future published a research report on “Global Ball Valves Market Research Report- Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.Global Ball Valves Market, By Type (Floating, Rising Stem, Trunnion Mounted), by Size (Up to 1”, 1”–6”, 6” to 25”, 25” to 50”), By Material (Alloy, Cryogenic, Stainless Steel, Cast Iron,), Gas Shut off Valve Manufacturers by End Users - Global Forecast to 2023 - Forecast 2023Market Synopsis of Ball Valves Market:Market Scenario:A ball valve is a form of quarter-turn valve which uses a hollow, perforated and pivoting ball (floating ball) to control flow through it. The Ball Valves market is characterized by few big market players and several small regional players due to its high competition and presence in the market.The study indicates that cast iron is expected to grow at the highest CAGR during the forecast period.The demand of growing construction of new nuclear power stations and the increasing demand in industries such as oil and gas has prompted the growth & demand of ball valves in forecast period.