A slurry can be loosely defined as any material that is primarily a liquid, but contains more than 10% solids. A slurry can be anything from pure water that contains a small amount of sand, to materials like lime mud that are very thick and viscous. Slurry valves could be a push through design which discharges a minimum amount of process media when cycling between open and closed. In the open position the sleeves seal against each other providing the pressure barrier. During operation the gate separates the sleeves as it transitions from open to closed, which leads to a momentary discharge. This small amount of discharge exits through the bottom of the valve and can be safely directed away with the use of a splash guard mounted to the bottom of the valve.
Slurry valves could be a knife gate valve which is mainly for on/off control with low pressure drop, and pinch valve which is for slurry flow regulation and control, and check valve and allows the fluid to pass in one direction only, and ball valve which is for on/off control without pressure drop, and ideal for quick shut-off, since a 90° turn offers complete shut-off angle, compared to multiple turns required on most manual valves, or any other valves used in slurry. In 2017, these four types respectively covered a market share of 59.82%，26.79%，2.34% and 7.14%.
Slurry valves can be applied in oil &gas industry. The oil industry or the oil patch, includes the global processes of exploration, extraction, refining, transporting (often by oil tankers and pipelines), and marketing of petroleum products. It can be applied in the chemical industry, central to the modern world economy, it converts raw materials (oil, natural gas, air, water, metals, and minerals) into more than 70,000 different products. It can also be applied in wastewater treatment, which is a process used to convert wastewater which is water no longer needed or suitable for its most recent use into an effluent that can be either returned to the water cycle with minimal environmental issues or reused. The latter is called water reclamation: instead of disposing of treated wastewater it is reused for various purposes. During the treatment process, pollutants are removed or broken down. Slurry valves can be applied in mining &energy, mining include metals, coal, oil shale, gemstones, limestone, chalk, dimension stone, rock salt, potash, gravel, and clay. Energy mainly include power plant. In 2016, these four fields respectively covered a market share of 28.82%,10.16%,16.54% and 38.17%.
The Current Situation of Global Slurry Valves Industry Market
Currently, the industry is decentralized, only a few large-scale enterprises. The companies in the world that produce slurry valves mainly concentrate in North America, and Europe, raw materials are also concentrated in these regions. The raw materials of slurry valves are steel and carbon steel, covering 62% of the whole cost and greatly influence the cost and price.
In particular, as the market leader Emerson (Pentair Valves & Controls), Metso and Weir Minerals respectively covered a market share of 27.65%，13.33% and 8.50%，taking the global sales market share of more than 49.47%, other key manufacturers include Red Valve (Hillenbrand), ITT Engineered Valvesetc. The production of Slurry Valves increased from 86921 Units in 2012 to 118224 Units in 2016, with CAGR of 7.28%.
North America is the largest market with a market share of 52.98% with its advanced technology and economy. Europe ranked the second place with a market share of 31.06%. As the third largest market, Japan covered a market share of 5.67% in 2016, presenting a large gap with Europe. Though lack of technical strength and well-known local enterprises, China became the fourth largest market because of its huge potential consumption downstream market with market share of 2.75% in 2016. There is a huge developmental gap among regions.
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Global Slurry Valves Industry Market Forecast
The slurry valves industry is driven by the development of downstream consumption market and the growth rate of global consumption is smooth relatively. It is supposed that the production of slurry valves will be 179255 units by 2022 and the market value will be 392.48 M USD. North America will remain the largest market with a market share of 42.67% and as the second largest market Europe will cover a market share of 25.72% by 2022. Though with the development of other regions, they will cover a smaller market share but the gap among regions will not disappear.
With the rapid development of resource extraction and wastewater treatment industry in emerging markets, such as Africa and South America, we tend to believe this industry is an emerging industry. For product prices, the slow downward trend in recent years will maintain in the future as competition intensifies. Besides, prices gap between different brands will go narrowing gradually. Also, there will be fluctuation in gross margin. Global mergers and acquisitions and cooperation of major players will be more obvious. After years of development, the slurry valves industry is mature. The downstream consumption market develops well and using of slurry valves is gradually being recognized by the public. Governments are also introducing corresponding incentives. Enterprises can seize these opportunities and enlarge market to earn more market share.
However, different regional government policies are different, the corresponding financial subsidies are inconsistent, regional resource differences and pre-cost investment will be large. Market polarization is serious, high-end customers are almost all monopoly by large companies, customer development more difficult. Customer relationship is stable; new customer development requires more advanced technical support. Therefore, new entrants must take full consideration and make their best decisions to earn a positon in this industry.
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