Slurry Knife Gates Valves Market Outlook
The global Slurry Knife Gates Valves market was valued at USD 750.7 million in 2022 and is projected to reach USD 1,065.2 million by 2030, expanding at a CAGR of 4.6 % during the forecast period. Slurry knife gates valves are designed to isolate the slurry flows in environmentally challenging conditions such as of high temperature, high speed, and high/low pressure.
Typically, these valves have a bi-directional mechanism that also tolerates the backflow in the pipes. Mining and energy & power are the two major sectors with the highest penetration of slurry knife gates valves. A knife gate valve is a specific design of a valve, which utilizes a knife edge that enters the flow stream and uses the edge of the gate to separate any materials that prevent the valve from sealing completely.
The knife gate is raised using a spindle or a rising screw and the actuating mechanism is manually or pneumatically/electrically activated. The position of the gate indicates whether the valve is open or closed. A knife gate valve uses a blade to cut heavy liquid blocking. Initially, these valves were designed for use in the pulp and paper industry. They were developed for use in corrosive, erosive, and abrasive environments.
Presently, these knife gate valves are used in a lot of processing plants. These valves are available in different sizes based on their application, which makes it easy to handle thick flows of light grease, heavy oils, slurry, waste water, and others. Slurry knife gate valves are specifically designed for on-off (isolation) service for various applications, such as abrasive, high solid content, or wet or dry media.
Slurry valves are available in many designs, such as push-through seals, perimeter seals, shear gates, and others. Slurry valves are selected on the basis of reliability in function and design, abrasion resistance, and ease of maintenance.
Slurry Knife Gates Valves Market Dynamics
Driver: Growing Wastewater Management
Wastewater treatment facilities are frequently equipped with slurry knife gate valves. The blade of a slurry knife gate valve is sharpened to cut through thick liquids. It cuts through thick liquids easily, hence it is particularly useful in fluids that contain abrasive particles. One of the applications of slurry knife gate valves is wastewater control.
According to the Cybersecurity and Infrastructure Security Agency (CISA), over 74% of the population in the US receives water from more than 16,000 publicly-owned wastewater treatment plants. This is boosting the demand for clean water, which is increasing the demand for wastewater treatment plants. Rising number of wastewater treatment plants is increasing the demand for slurry knife gate valves.
Driver: Increasing Demand in Chemical and Mining Industry
Mining and chemical processing activities have increased on a global scale. The mining sector has been expanding as a result of the rising demand for raw materials. Slurry knife gates are used in the mining process, which generates heavy slurries. The slurry knife gate valves market is anticipated to grow, due to the expansion of the chemical sector in developing regions. These valves are frequently regarded as suitable isolation valves for liquids that contain fibers or particulates and frequently exhibit caustic or abrasive properties.
Restraint: Limitation in Applications
Slurry knife gate valves have a limited range of applications, which is restraining the growth of the market. These valves are not suitable for use in applications that need cleanliness or hygienic conditions. They are not quick to open or close and take up more space as compared to other valves. Additionally, the expenditures of maintenance and repairs are substantial. If the valve is not properly maintained, it leaks corrosive media, which harms other plant machinery. These factors are hampering the market growth.
Opportunity: Proliferation Waste Water Management in Developing Regions
Many developing countries such as India, Brazil, China, and countries in South East Asia require wastewater management systems. Presently, many developing countries in the world do not have proper wastewater management systems. For example, according to Asia Development Bank, only 10% of wastewater is treated in the Philippines.
According to International Trade Association, demand for water in India is projected to be twice as much as the available supply by 2030. Therefore, many government policies are focusing on wastewater management systems. This is expected to create lucrative opportunities in the slurry knife gate valves market, as they are used in wastewater pipelines to stop or continue the flow of slurry.
Scope of Slurry Knife Gates Valves Market Report
The report on the global Slurry Knife Gates Valves market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Slurry Knife Gates Valves Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast
Type (Flange, Lug, Wafer)), End Use Industry (mining, pulp & paper, oil & gas, energy & power, water treatment chemical, and others)
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered
Mueller Water Products, Inc, ORBINOX, DeZURIK, Keckley Company, NewCon Co., Bray International, Emerson Electric Co., The Weir Group PLC, Valmet, Anhui Water Valve and Fitting Co., Ltd., Vtork Controls, RF Valves, Inc., JONLOO MACHINE MANUFACTURING.
Slurry Knife Gates Valves Market Segmental Outlook
The global Slurry Knife Gates Valves market is segmented on the basis of Type, End Use Industry.
In terms of Type, the global slurry knife gates valves market is categorized into flanged, lug, and wafer.
The wafer segment is expected to expand at XX% CAGR during the forecast period. These types of slurry knife gate valves are used for heavy-duty purposes to isolate the flow, even in the most demanding process conditions. Furthermore, they are used in places where there is high content of solids.
The lug segment is expected to expand at a XX% CAGR in the coming years. They are usually available in bi-directional tight, and therefore are installed into a pipe system independent of pressure direction. Some of the lug valves have full bore design, which makes them suitable slurries.
In terms of End Use Industry, the global slurry knife gates valves market is segmented into mining, pulp & paper, oil & gas, energy & power, water treatment chemical, and others.
The pulp & paper segment is expected to expand at a XX% CAGR. The pulp & paper industry is growing constantly, owing to the increasing demand for packaging and rapid expansion of online retail. The demand for packaging is growing across the globe, along with tissue papers and pulp for hygiene products. These factors are propelling the demand for pulp and paper, which increases the demand for slurry knife gate valves.
The water treatment segment held XX% market share in 2022 and is projected to expand at a 4.8% CAGR during the forecast period. Growing demand for clean water for municipal applications and demand for water for power generation is expected to boost the growth. Increasing focus on sustainability, due to COVID-19, has resulted in a renewed focus on water resource management. These factors are further expected to accelerate the growth of the global slurry knife gate valves market, as it is considered as an essential component in water treatment plants.
Slurry Knife Gates Valves Market Regional Outlook
The Slurry Knife Gates Valves market in Asia Pacific is projected to expand at a XX% CAGR during the forecast period, owing to the increasing demand for slurry knife gate valves from end-use industries such as mining, energy & power, and chemical prominently in the region. There is an increasing number of power generation plants in this region, owing to the heavy demand for energy from the manufacturing industries in China and India.
Furthermore, chemical manufacturing is one of the prominent growing industries in this region, which further in the market expansion in Asia Pacific. According to the U.S. Geological Survey (USGS), in 2019, China invested about USD 14.4 billion in geologic exploration as well as USD 173 billion in mining activities for the development and production of fuel and nonfuel minerals, which represented a year-on-year increase of 23% and 24%, respectively.
The rate of growth of China’s real GDP was 6.1% in 2019 compared with 6.7% (revised) in 2018. The nominal GDP was about USD 14.3 trillion in 2019. In 2018 (the latest year for which data were available), mining and manufacturing contributed 2.5% and 27.8% to the GDP, respectively, compared with 2.6% and 28.1%, respectively, in 2017.
Key Benefits for Industry Participants & Stakeholders
- In-depth Analysis of the Global Slurry Knife Gates Valves Market
- Historical, Current, and Projected Market Size in terms of Value
- Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
- Industry Drivers, Restraints, and Opportunities Covered in the Study
- Recent Industry Trends and Developments
- Competitive Landscape & Strategies of Key Players
- Neutral Perspective on Global Slurry Knife Gates Valves Market Performance
By End Use Industry
- Pulp & Paper
- Energy & Power
- Oil & Gas
- Water Treatment
Key Market Players Profiled in the Report
- Mueller Water Products, Inc
- Keckley Company
- NewCon Co.
- Bray International
- Emerson Electric Co.
- The Weir Group PLC
- Anhui Water Valve and Fitting Co., Ltd.
- Vtork Controls
- RF Valves, Inc.
- JONLOO MACHINE MANUFACTURING CO., LTD.
- Key players operating in the market are Mueller Water Products, Inc, ORBINOX, DeZURIK, Keckley Company, NewCon Co., Bray International, Emerson Electric Co., The Weir Group PLC, Valmet, Anhui Water Valve and Fitting Co., Ltd., Vtork Controls, RF Valves, Inc., JONLOO MACHINE MANUFACTURING. These companies are considered as key manufacturers of Slurry Knife Gates Valves based on their revenue, research development (R&D) activities, product offerings, regional presence, and supply chain management system.
- Players are adopting key strategies such as acquisitions, collaborations, and geographical expansion for potential opportunities in the Slurry Knife Gates Valves market.