Slurry Valves Market Size & Share, by Product Type (Wafer Type. Knife Gate, Lug Type); End Use (Food Processing, Mining, Pulp & Paper, Chemicals, Polymers & Plastic Industry, Municipal Sewage Treatment, Oil and Gas) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5517
  • Published Date: Jan 08, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Slurry Valves Market size is anticipated to reach USD 765 billion by the end of 2036, growing at a CAGR of 5% during the forecast period i.e., 2024-2036. In the year 2023, the industry size of slurry valves was over USD 160 billion. Slurry valves are in great demand in the oil and gas sector as they are widely used in upstream, midstream, and downstream activities. Demand for oil and gas is strong, but supply is decreasing due to dwindling global oil and gas reserves. This situation has led oil and gas companies to explore new areas to improve production efficiency volume of petroleum products consumed from April to November 2023 with 152.3 million metric tons reported an increase of 4.9 per cent from the quantity of 145.10 million tonnes for that period last year.

The market for slurry valves is dominated by several important variables, which make it interesting to monitor. Given the increasing demand for mining, as well as other activities about the extraction of resources, there is a growing need for slurry valves.


Slurry Valves Market
Get more information on this report: Request Free Sample PDF


Slurry Valves Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

~5%

Base Year Market Size (2023)

~USD 160 Billion

Forecast Year Market Size (2036)

~USD 765 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
Get more information on this report: Request Free Sample PDF

Slurry Valves Market: Growth Drivers and Challenges

Market-Growth-Drivers

Growth Drivers

  • Technological Advancement - In view of the development of new technologies such as nanotechnologies, businesses in this sector are starting to find new opportunities. As environmental sustainability has become a primary concern, the demand for products that can help to reduce or eliminate water pollution is increasing. The slurry valves market growth is likely to be stimulated by the introduction in the projected period of remotely controlled valves which use an industrial Internet of Things technique that improves their performance and allows them to avoid unforeseen interruptions. It is anticipated that by 2030 there will be over 26 billion IotT devices.
  • High Demand for Industrial Valves in End Use Sectors - The global slurry valves market is expected to grow significantly during the forecast period due to increasing demand for industrial valves in end-use sectors such as oil & gas and chemicals. Additionally, the expansion of offshore oil and gas projects around the world and government efforts to replace aging water pipes in developing countries are also expected to boost global growth.

Challenges

  • High Material Cost - Slurry valves require robust materials like wear-resistant alloys and ceramics, pushing up production costs. This can make them expensive compared to valves for less demanding applications. This is anticipated to hamper the market growth shortly.
  • Technological Complexities Associated With Slurry Valves are Set to Pose Limitations on the Slurry Valves Market Growth
  • Competition from Alternative Technologies is Expected to Pose Restrictions on the Market Growth in the Forecast Period.


Slurry Valves Segmentation

Product Type (Wafer Type. Knife Gate, Lug Type)

In terms of product type, the knife gate segment is predicted to dominate the global slurry valves market by registering a growth rate of 40% during the time period between 2024 – 2036. Sewage treatment plants are often equipped with manure scrapers. The blades of muddy water gate valves are sharp to cut through thick liquids. It is especially useful for liquids containing abrasive particles, as it can easily cut through thick liquids. One application of mudgate valves is wastewater control. According to the Cybersecurity and Infrastructure Security Agency (CISA), more than 74% of the U.S. population receives water from more than 16,000 public wastewater treatment plants. This increases the demand for clean water and increases the need for wastewater treatment plants. Due to the increase in the number of sewage treatment plants, the demand for manure scrapers is increasing.

End Use (Food Processing, Mining, Pulp & Paper, Chemicals, Polymers & Plastic Industry, Municipal Sewage Treatment, Oil & Gas)

Based on end use, the mining segment in the slurry valves market is assumed to grow significantly by the end of 2036. Increased mining activities in emerging countries such as India, China, and Brazil create ample market opportunities for slurry valve manufacturers. Innovations such as wear-resistant coatings, automation features, and smart valve monitoring systems can further enhance the appeal of slurry valves in the mining segment. As a result of the increased demand for minerals, the mining industry has continued to expand. In mining processes, the Slurry valves are used which generate a large volume of slurry. As the mining industry expands in emerging countries, the market for slurry valves is expected to grow. These valves are often used as isolation valves for liquids containing fibers or particulate matter, which may have a high degree of caustic and abrasive properties.

Our in-depth analysis of the global slurry valves market includes the following segments:

          Product Type

  • Wafer Type
  • Knife Gate
  • Lug Type

          End Use

  • Food Processing
  •  Mining
  • Pulp & Paper
  •  Chemicals
  • Polymers & Plastic Industry
  • Municipal Sewage Treatment
  • Oil & Gas

Want to customize this research report as per your requirements? Our research team will cover the information you require to help you take effective business decisions.

Customize this Report

Slurry Valves Industry - Regional Synopsis

North American Market Forecasts

The North American region is expected to dominate the global slurry valves market registering a CAGR of 35% by the end of the forecast period. The US government recently increased tariffs on aluminum and steel imports. This increase includes a 25% increase in steel imports and a 10% increase in aluminum imports, negatively impacting U.S. manufacturing. Although these tariffs are aimed at increasing import revenues, this government move has hurt the U.S. fertilizer valve market. Steel is widely used in manufacturing industrial valves and rising steel tariffs are expected to restrain market growth. The United States is expected to drive the market growth as it is one of the major pulp and paper industries in the world that uses a significant number of mud valves.

APAC Market Statistics

The slurry valves market in the Asia Pacific region is anticipated to hold a significant revenue share during the forecast timeframe. In countries such as China and ASEAN countries, rapid industrialization over the past decade has increased the demand for energy and wastewater treatment resources resulting from the respective industrial end-use processes that include the industrial wastewater treatment. Therefore, the demand for industrial valves is expected to increase significantly in the coming years. Increasing offshore oil and gas activity in the region is also expected to further boost global mud valves during the assessment period.

Research Nester
Slurry Valves Market Size
Get more information on this report: Request Free Sample PDF

Companies Dominating the Slurry Valves Landscape

top-features-companies
    • Schubert and Salzer
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Red Valve
    • Emerson Electric
    •  IIT Engineered Valves
    • Weir Minerals
    • Guichon Valves
    • Flowrox
    • Lined Valve Company
    • ORBINOX 
    •  Valv Technologies

In-the-news

In The News

  • The latest innovation introduced today by ITT Engineered Valves  is the Fabri Valve TM 33 PTDN mud pump, which can be opened via a hydraulic valve. Engineered with proprietary technology to meet the demanding demands of light to medium slurry applications, the 33 PTD outperforms other slurry valves used in the industry in both field tests and the laboratory. The most suitable are copper, gold, silver and phosphates.
  • Metso has received two  orders totaling 8,200 valves from major Chinese pulp customers. This order is recorded in Metso's order book for the first quarter of 2018. Metso supplies Neles® ball, globe and segment valves as well as Neldisc® butterfly valves for on/off operation and control applications. The control valves are equipped with Neles® ND9000 series valve controllers, which enable advanced performance monitoring and enable planning of predictive maintenance activities.

Author Credits:  Rushikesh, Richa Gupta


  • Report ID: 5517
  • Published Date: Jan 08, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The growing demand in oil & gas sector and demand for industrial valves are some of the major factors anticipated to drive the growth of the slurry valves market.

The market is anticipated to attain a CAGR of ~5% over the forecast period, i.e., 2024-2036.

The major players in the market are Weir Minerals, Guichon Valves, Flowrox, Lined Valve Company, ORBINOX, and others.

The oil & gas segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in North America is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Slurry Valves Market Report Scope
  GET A FREE SAMPLE

FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.

 Request Free Sample Copy

Have questions before ordering this report?

Inquiry Before Buying