Process Valves - Gate: Market Size & Forecast 2026

The global gate valve market sits at approximately USD 6.2 billion in 2025 (base year), held in a feedstock-anchored cost structure where carbon steel castings represent roughly 55 percent of finished manufacturing cost for a 12-inch carbon steel reference SKU. The market is growing at roughly 4.1 percent CAGR through 2032, reaching approximately USD 8.2 billion by the forecast year, with demand concentrated in oil and gas upstream and downstream infrastructure. A 4.1 percent CAGR implies value roughly doubling inside 17 years, a pace that the mature installed-base replacement cycle and lengthy qualification timelines do not fully support. > **Analyst Take.** Our view: the CBAM definitive regime starting 1 January 2026 is the single most under-priced inflection in the category. Buyers anchored to pre-2023 landed-cost bands will see EU-bound cast steel component costs re-rate by an estima

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