Slurry Valves Market - Regional Analysis
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.
