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.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
~5% |
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Base Year Market Size (2023) |
~USD 160 Billion |
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Forecast Year Market Size (2036) |
~USD 765 Billion |
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Regional Scope |
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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:
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Product Type |
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End Use |
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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.
Author Credits: Rushikesh, Richa Gupta
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