Global Slurry Pumps Market Poised for Growth Amid Rising Mining, Water Treatment, and Oil & Gas Activities

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The Slurry Pumps market is expected to grow from an estimated USD 1.2 billion in 2024 to USD 1.5 billion in 2033, at a CAGR of 2.50%. The global slurry pumps market is set for significant growth, driven by increasing demand from the mining, water treatment, and oil and gas sectors. The rising need for efficient slurry handling solutions across industries is fueling market expansion, with advancements in pump technology further supporting this growth.

One of the key factors boosting the slurry pumps market is the expansion of mining activities worldwide. As the demand for minerals continues to rise, mining companies are investing in better equipment, including slurry pumps, which are essential for transporting abrasive materials such as ores and tailings. Emerging economies, in particular, are witnessing increased investments in mining infrastructure. According to Statistics Canada, mineral production in Canada reached $55.5 billion in 2021, a 20% increase from the previous year, highlighting the growing mining sector.

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The market is also benefiting from the rising demand for slurry pumps in water treatment facilities. These pumps are used in wastewater treatment plants, industrial effluent management, and desalination plants to handle sludge and other solid-laden fluids. Investments in water treatment infrastructure are driving market demand. A notable example is the Africa Water Infrastructure Development (AWID) platform, launched in March 2023 by British International Investment and Metito. This initiative aims to improve water infrastructure across Africa, addressing water security challenges and increasing the need for slurry pumps.

Additionally, the booming oil and gas sector is another major driver of slurry pump demand. As global exploration and extraction activities expand, the need for reliable slurry handling solutions is growing. Slurry pumps play a vital role in drilling operations and fluid transportation. Offshore and onshore drilling projects require robust pumps to operate efficiently in challenging conditions. In May 2022, India's ONGC announced a $4 billion investment in oil and gas exploration between 2022 and 2025, reflecting the industry's growth. Furthermore, the UAE maintained an average petroleum production level of 3.2 million barrels per day in 2022, indicating steady industry expansion.

However, the slurry pump market faces challenges due to fluctuating raw material prices. The manufacturing of slurry pumps relies on metals and polymers, which are subject to global price variations. This volatility can increase production costs and impact profitability for manufacturers. The U.S. Bureau of Labor Statistics reported that the producer price for metals, including high-alloy steel, rose from $230.3 in July 2020 to $395.8 in May 2023, illustrating the price instability that manufacturers must navigate.

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In terms of market segments, the mining and mineral industry accounted for the largest share in 2024, owing to the widespread use of slurry pumps in transporting corrosive and abrasive materials. With growing industrialization and urbanization, the demand for metals and minerals continues to rise, supporting further market growth. Advancements in pump technology, enhancing wear resistance and efficiency, are also benefiting this segment.

Meanwhile, the construction industry is expected to be the fastest-growing segment during the forecast period. Slurry pumps are widely used in dewatering, tunneling, and material handling in construction projects. Rapid urbanization, infrastructure development, and increasing investments in smart city initiatives are driving demand in this sector. The ability of slurry pumps to operate in high-solid environments makes them indispensable for large-scale infrastructure projects.

As industries continue to expand and invest in advanced technologies, the global slurry pumps market is projected to witness sustained growth in the coming years. The increasing focus on efficiency and sustainability across various sectors will further drive demand for reliable slurry pumping solutions worldwide.

Major Players/Manufacturers profiled in the report are:

Weir Group

Grundfos

KSB

EBARA Pumps

Shijiazhuang Industrial Pump

LEO Group

Schurco Slurry

Metso

ITT Goulds Pumps

Flowserve

Tsurumi Pump

Xylem

Shijiazhuang Kingda Pump

Excellence Pump Industry

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Global Slurry Pumps Market Report - Segmental Analysis:

By Type Outlook (Revenue, USD Million; 2020-2033)

Horizontal Slurry Pumps

Vertical Slurry Pumps

By Application Outlook (Revenue, USD Million; 2020-2033)

Mining and Mineral Industry

Metallurgical Industry

Power Generation Industry

Chemical Industry

Paper and Pulp Industry

Construction Industry

Key Geographies Profiled in the Report:

North America(the U.S., Mexico, and Canada)

Asia Pacific(China, Japan, India, and Rest of Asia Pacific)

Europe(the U.K., France, Germany, and Rest of Europe)

Latin America(Brazil and Rest of Latin America)

Middle East & Africa(GCC Countries and Rest of Middle East & Africa)

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