Slurry Pump Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type, By End User, By Region & Competition, 2021-2031F

The Global Slurry Pump Market is projected to expand from USD 2.77 Billion in 2025 to USD 3.77 Billion by 2031, registering a CAGR of 5.27%. This sector encompasses heavy-duty centrifugal and positive displacement pumps designed to convey high-density fluids laden with abrasive solids, serving primarily the power generation, mining, and mineral processing industries. Market progression is fundamentally anchored in the rising global appetite for base metals and minerals, which demands effective hydraulic transport mechanisms for tasks such as tailings disposal and ore concentration. Furthermore, accelerated urbanization and infrastructure projects in developing nations are increasing the need for construction raw materials, thereby invigorating upstream mining operations. As reported by the World Steel Association, global crude steel output hit 1,882.6 million tonnes in 2024, underscoring the vast mineral processing volumes that underpin demand for these pumping systems.

One major hurdle constraining market growth is the elevated operational expense linked to the rapid deterioration of pump components. The abrasive characteristics of slurry result in the frequent erosion of wet-end parts, such as liners and impellers, which leads to expensive interruptions and raises the total cost of ownership for operators.

Market Driver

The broadening of global mining and mineral processing activities serves as the principal market catalyst, driven by the energy transition's requirement for essential minerals such as nickel, lithium, and copper. As ore grades diminish, the quantity of processed material rises, creating a need for durable hydraulic transport systems capable of managing larger tonnages of mineral concentrates and abrasive tailings. This structural evolution is directing capital toward extraction technologies; the International Energy Agency (IEA) noted in its 'Global Critical Minerals Outlook 2024' from May 2024 that investment in critical mineral mining expanded by 10% in 2023. This surge in investment directly benefits equipment manufacturers, as evidenced by Metso's 'Financial Statements Review 2023' from February 2024, which reported an 8% increase in annual sales to EUR 5,390 million, bolstered by a minerals segment heavily dependent on slurry handling technologies.

Additionally, escalating investments in urbanization and infrastructure development act as a secondary major driver, especially within emerging economies where rapid industrialization necessitates vast amounts of construction aggregates. In these contexts, slurry pumps are vital for sand washing, dredging, and transporting gravel and cementitious materials needed for housing, ports, and roads. Governments are actively financing these projects to maintain economic traction. A prominent illustration is found in India, where the Press Information Bureau (Government of India) reported in February 2024 that the Interim Union Budget 2024-25 raised the capital expenditure allocation for infrastructure by 11.1% to INR 11,11,111 crore. Such substantial fiscal dedications guarantee ongoing demand for heavy-duty pumping solutions used in construction material processing and land reclamation.

Market Challenge

The significant operational expenses resulting from the swift degradation of pump components represent a primary barrier to the growth of the Global Slurry Pump Market. Because these pumps convey highly abrasive mixtures laden with solid particles, essential wet-end components like liners and impellers endure constant erosion. This unavoidable wear compels frequent part replacements and extensive maintenance schedules, drastically increasing the total cost of ownership for end-users. As a result, processing and mining facilities often encounter unplanned downtime that interrupts production timelines and diminishes profit margins, causing hesitation to invest in new pumping infrastructure without assurances of durability.

This financial strain is further intensified by widespread inflationary pressures within the mining sector, which restrict the capital available for procuring equipment. The escalating expense of maintaining current machinery drives companies to reallocate funds away from purchasing new pumping systems. Data from the Minerals Council in 2024 indicates that the mining input cost index rose by 7.3% year-on-year, highlighting the increasingly difficult economic landscape for operators. This upward trajectory in input costs forces industrial buyers to prolong the operational life of legacy equipment instead of upgrading to modern models, thereby directly retarding the volume expansion and revenue growth of the slurry pump market.

Market Trends

The advancement of water-conserving and eco-friendly pump technologies is becoming a pivotal trend as mining operators confront escalating water scarcity challenges and environmental regulations. Manufacturers are increasingly developing hydraulic systems tailored to reduce energy consumption and water usage, specifically for paste backfill applications and high-concentration tailings management. This transition toward sustainable practices is generating considerable revenue growth for firms with green technology offerings. For instance, Metso Corporation's 'Financial Statements Review 2023', released in February 2024, revealed that sales of its 'Planet Positive' products-which include water-saving and energy-efficient technologies-increased by 18% year-on-year to EUR 1,447 million. This significant uptake underscores the market's strategic shift toward pumping solutions that balance production efficiency with resource stewardship and decarbonization goals.

Concurrently, the incorporation of AI-driven predictive maintenance models is radically reshaping asset management approaches to alleviate the substantial costs associated with unplanned downtime. Operators are advancing beyond reactive repairs by implementing Industrial Internet of Things (IIoT) ecosystems that employ sensors to track wear, temperature, and vibration in real-time. These systems enable accurate maintenance scheduling, thereby prolonging the lifespan of crucial wet-end parts. The industry's increasing dependence on these intelligence-based support frameworks is reflected in the financial results of leading equipment suppliers; KSB's 'Annual Report 2023' from March 2024 noted that its SupremeServ segment, which includes spare parts and digital service solutions, grew its sales revenue by 11.0% to EUR 944 million. This expansion signals a structural evolution where market value is increasingly generated through advanced service models ensuring equipment availability.

Key Market Players

• Grundfos Groups
• Xylem Inc.
• Weir Group Plc
• Flowserve Corporation
• Metso Oyj
• Tsurumi Manufacturing Co.,Ltd
• Schurco Group Inc.
• ITT Inc.
• Ebara Corporation Shijiazhuang Industrial Pump Co., Ltd

Report Scope

In this report, the Global Slurry Pump Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Slurry Pump Market, By Type

• Vertical
• Horizontal

Slurry Pump Market, By End User

• Chemical Industry
• Mining & Mineral Industry
• Paper & Pulp Industry
• Metallurgical Industry
• Others

Slurry Pump Market, By Region

• North America
  • United States
  • Canada
  • Mexico
• Europe
  • France
  • United Kingdom
  • Italy
  • Germany
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
• South America
  • Brazil
  • Argentina
  • Colombia
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Slurry Pump Market.

Available Customizations:

Global Slurry Pump Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).