Slurry Valves Market Size, Share, Growth, And Industry Analysis By Type (Knife Gate Valves, Pinch Valves, Check valve, and Ball valves) By Application (Mining, Power plants, Chemical plants, Wastewater treatment, and Aggregate industries), Regional Insights, and Forecast To 2031

Updated On: 08 April 2024

Slurry Valves Market Report Overview

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The global slurry valves market size was USD 156.78 Million in 2021 and market is projected to touch USD 292 Million by 2031, at a CAGR of 6.42% from 2021 to 2031.

The slurry valve is one of the most crucial parts of a slurry pipe system. They regulate the slurry's flow and stop it from escaping. The body and the seat are the two components that makeup slurry valves. Typically, the seat is made of rubber or plastic, and the body is built of steel or cast iron. When the valve is closed, the seat is intended to seal against the body. The slurry can pass through the seat and out of the valve when the valve is opened.

Slurry Valves come in various forms, each with a distinct function. The globe valve, used to regulate the flow of liquids, is the most prevalent form. The butterfly valve, used to control the flow of gases, is another popular variety.

COVID-19 Impact: The Increased Demand for the Product Accelerated the Market Growth

The Covid-19 epidemic has significantly impacted the market for Slurry Valves. Due to the pandemic and people's desire to safeguard themselves from the virus, there has been a massive rise in the demand for slurry valves. As a result, manufacturers have found it challenging to keep up with demand, which has led to a dramatic increase in the price of slurry valves. Given that the epidemic is still impacting the global economy, the scenario is expected to persist for the foreseeable future. The market for Slurry Valves is anticipated to experience relatively minor long-term damage from Covid-19 because demand will soon revert to pre-pandemic levels.

Latest Trends

"The Development of Intelligent Slurry Valves Boosts the Market Expansion."

The market for Slurry Valves is continually changing, and the most recent development is the creation of intelligent Slurry Valves. These valves have sensors and controllers that automatically change the slurry flow in response to demand. As a result, the valve lasts longer and has less wear and tear while operating more effectively and precisely. Additionally, these valves can be set up to deliver information about the Slurry system's condition in real-time, which can be used to enhance performance.

Slurry Valves Market Segmentation

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• By Type Analysis

According to type, the slurry valves market can be segmented into knife gate valves, pinch valves, check valves, and ball valves. Among these, the knife gate valves are projected to experience rapid growth through 2031.

• By Application Analysis

The market can be divided based on application into mining, power plants, chemical plants, wastewater treatment, and aggregate industries. Mining is expected to hold the most significant slurry valves market share in the upcoming years.

Driving Factors

"Increasing Demand for Mining and Other Natural Resource Extraction Activities to Propel the Market Expansion"

The slurry valves market is driven by several significant variables, making it fascinating to monitor. The requirement for slurry valves is rising due to the rising demand for mining and other natural resource extraction activities.

"Rise of New Technologies Fuel the Market Growth"

Companies in this sector are finding new prospects due to the development of new technologies like nanotechnology. The demand for goods that can assist in minimizing or eliminating water pollution is expanding due to the growing emphasis on environmental sustainability.

Restraining Factors

"The Lack of Awareness Among the Customers Impede Market Growth"

Several problems could hamper the market for slurry valves. Lack of consumer knowledge regarding the existence of such products is one of the most significant factors. The idea that valves are available that can be utilized to control the flow of slurry is still not widely known by many people. This lack of awareness significantly constrains the market. The high price of these valves is another crucial element that may limit market expansion. They can be out of the reach of many customers due to their higher prices than other valves.

Slurry Valves Market Regional Insights

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"U.S. to Dominate Market Due to the Increasing Demand for Mining and Other Natural Resource Extraction Activities"

Between 2022 and 2031, the slurry valves market will be dominated by U.S. Factors driving the market growth in this region include the Increasing Demand for Mining and Other Natural Resource Extraction Activities.

Additionally, the market is anticipated to experience the fastest growth in European and Asian countries (India, China, Japan, and South East Asia). The rise of new technologies fuels regional market expansion.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• SlurryFlo Valve Corp. (Canada)
• Weir Minerals (U.K.)
• Guichon Valves (France)
• Flowrox (Finland)
• Upwey (Australia)
• Lined Valve Company (U.S.)
• Bray International (U.S.)
• Kempster (U.K.)
• Metso (Finland)
• ValvTechnologies (U.S.)
• ORBINOX (Spain)
• Red Valve (U.S.)
• Pentair Valves & Controls (India)
• Parker Hannifin Corp (U.S.)
• Watson Valve Services (U.S.)
• Edart Slurry Valves (South Africa)
• Cera System (Germany)
• Schubert and Salzer (India)
• NewCon (U.S.)
• DeZURIK (U.S.)
• AKO (U.S.)
• SISTAG AG (Switzerland)
• ITT Engineered Valves (U.S.)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.