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The butterfly valve market size is forecast to increase by USD 2.52 billion, at a CAGR of 4.5% between 2023 and 2028. The market is witnessing significant growth due to recent product developments, including the introduction of lightweight and corrosion-resistant materials, which enhance the durability and efficiency of butterfly valves. Another trend influencing the market is the increasing adoption of additive manufacturing technology in the production of butterfly valves, enabling the creation of complex designs and reducing production time and costs. However, fluctuations in raw material prices, particularly for metals used in butterfly valve manufacturing, pose a challenge to market growth. Despite these challenges, the market is expected to continue expanding, driven by the increasing demand for butterfly valves in various industries, including oil and gas, water and wastewater treatment, and power generation.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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