USD 7.25 Billion
Grinding Media Balls Market Size, Share, Growth Analysis, By Type(High chrome cast grinding media and Forged grinding media), By Application(Chemical industry, Metallurgy & mining, Cement plant, Power plant), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG20C2028 |
Region:
Global |
Published Date: April, 2024
Pages:
202
|Tables:
62
|Figures:
75
Grinding Media Balls Market Insights
Grinding Media Balls Market size was valued at USD 7.25 Billion in 2022 and is poised to grow from USD 7.61 Billion in 2023 to USD 11.25 Billion by 2031, at a CAGR of 5% during the forecast period (2024-2031).
A ball mill is a grinder that is used in the mineral dressing and paints industries, pyrotechnics, ceramics department among others to hammer and mix potions. The grinding process utilizes medium balls, which are the steel, stainless steel, ceramic and rubber ball-shaped media that are available in various sizes and shapes aimed at different milling demands. In the cement industry, projected growth of the demand for ball mill equipment is a consequence of advances in technology that facilitate grinding to specific particle sizes. These grinding media which can be of the ball shaped, steel shape or as granular material are available from less than 500 microns to over twenty-millimetre diameters and in wet or dry process variants. There is a projection for an additional cumulation of 5 million tonnes by view value in the global grinding balls market by 2025, which can be attributed to increased industrial production as well as growth in use cases from other industries such as construction, cement production among others.
The situation with the exhaustion of the raw material reserves brings us to a condition where more precise processing and grinding of ores are necessary. The grind balls wear and acquisition cost, amounting to 20% – 35% of total production costs, another indicator that underscores the need for accurately predicting and identifying grinding balls' caloric load. As a result of increasing application areas such as operations in the fields of mining, chemical engineering and paper mills etc. along with the rise occurring due to precious metals in mineral mining, make market growth substantially possible. Investments in mineral mining and exploration with alloy explorations also cite market growth. Furthermore, the industrialization in the transforming Asia Pacific region creates demand giving rise to the seven-step manufacturing process involving isolation of scrap metal, melting and casting into balls that are heat treated followed by quenching and finally quality control.
US Grinding Media Balls Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
High chrome cast grinding media
Fastest Growth
High chrome cast grinding media
Growth Rate
5% CAGR
Global grinding media balls market, 2022-2030 ($ Bn)
Country Share for Asia Pacific Region- 2022 (%)
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Grinding Media Balls Market Segmental Analysis
The Global Grinding Media Balls Market is segmented by Type, End Use, and region. Based on Type, the market can be segmented into Forged Grinding Media, Cast Grinding Media (Low Chromium Grinding Ball, Medium Chromium Grinding Ball, High Chromium Grinding Ball, Super High Chromium Grinding Ball) and Others. Based on End Use, the market is segmented into Industrial, Mining Companies, Cement Manufacturers, Power Generation Companies, Chemical Manufacturers, Construction Materials Producers and Others. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
Analysis by Type
On the basis of type, global market is segmented into high chrome cast grinding media and forged grinding media. The high chrome cast grinding segment holds the largest share of over 45% and is predicted to grow at the fastest CAGR during the forecast period. This is a type of media that has the highest hardness among common grinding media types. These balls are used in milling to manufacture ferrosilicon or in cement plants to produce slag from clinker collected during the wet processing of limestone into lime clinkers. The balls are made of cast iron or carbon steel in the shape of a cylinder. Other Cast Grinding Media includes balls made up from other materials such as plastic, ceramic, and stone.
Forged grinding media is the most commonly used type of grinding media in ball mills, vibrating screens, and other material-processing equipment. Forging can be performed at temperatures ranging from 1000 to 1500°C, which determines qualities such as hardness, ductility, and toughness.
Analysis by Application
On the basis of application, global grinding media balls market is segmented into chemical industry, metallurgy & mining, cement plant and power plant. The largest application segment of global grinding media balls is mining & metallurgy, followed by cement and power Plants. Grinding media is used as a base material in the metallurgical industry. Grinding medium can eliminate impurities from the metal surface and smooth it down for optimum use. In recent years, there are different types of grinding media used such as forged graining media, high chrome cast grinding media, and other cast grinding media.
Global grinding media balls market size by type, 2022 (%)
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Grinding Media Balls Market Regional Insights
On the basis of region, global grinding media balls market is divided into North America, Europe, Asia Pacific, Latin America, and MEA. Asia Pacific dominated the global market. In this region, the demand for grinding media balls is mainly driven by increased cement production in China. The high chrome cast type segment dominates this market with a share of more than 40% in this region.
North America accounted for 25% of shares in the global grinding media balls market, due to factors such as large demand from the industry for seamless pipe production, and increased need for energy-efficient cement plants and coal power plants. The region has become one of the largest consumers in terms of volume consumption.
Global grinding media balls market in Europe is primarily driven by increasing demand for power plants, cement production, and coal processing.
Global grinding media balls market by geography, 2022-2030
- Largest
- Fastest
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Grinding Media Balls Market Dynamics
Driver
Wide range of applications of grinding media in several industries
- Significant growth of global grinding media balls market is driven by several factors, such as a wide range of applications of grinding media in several industries, including the chemical industry, paper & mill, and mineral & metallurgy. One of the most important end-user sectors for grinding media balls is the chemical industry. The chemical industry involves the manufacturing of chemicals from raw materials in an integrated industrial process, such as petroleum refining to generate fuel products such as gasoline, chemicals such as ethylene glycol, and plastics such as polyethylene.
Restraint
Inappropriate grinding performance
- The performance of media balls including media size selections, shape considerations, and media quality. Grinding performance is measured in terms of output, fineness of grind, or the ability to produce desired size distributions in the product. Inappropriate grinding performance hampers the growth of global grinding media balls market.
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Grinding Media Balls Market Competitive Landscape
Global grinding media balls market is highly competitive with the presence of local as well as global companies. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of global grinding media balls market.
Top Player's Company Profiles
- Magotteaux
- Moly-Cop
- ME Elecmetal
- AIA Engineering
- Anhui Ningguo Wear Resistant Materials General Plant
- Scaw Metals Group
- Jinchi Steel Ball
- TOYO Grinding Ball
- Shandong Huamin Steel Ball Joint-Stock
- Christian Pfeiffer
- Ningguo Kaiyuan Electric Power Wear Resistant Materials
- Welcast Steels
- Gerdau
- TUYAN INDUSTRIES
- FengXing
- Estanda
- Qingzhou Taihong Special Casting Steel
- Zhangqiu Taitou Special Steel Ball Factory
- Dongyuan Steel Ball
- Dongyuan Grinding Machinery Co. Ltd.
Recent Developments
- In January 2024, FLSmidth supplied comminution technologies for a greenfield concentrator owned by a major copper miner in South America. Valued at about $DKK380 million ($830 million), the order comprises two ball mills and three high pressure grinding rolls (HPGR).
- In September 2023, AIA Engineering, unveiled its Ecodure NextGen grinding media balls, made from recycled materials. This innovation reflects the growing trend towards sustainability in the industry.
- In October 2023, Magotteaux announced the launch of its MagSi AI platform, which utilizes artificial intelligence to optimize mill performance and grinding media selection. This development is expected to improve grinding efficiency and reduce costs for end-users.
- In February 2023, Christian Pfeiffer was awarded sustainable ball mill contract from Hallett Construction Materials.
Grinding Media Balls Key Market Trends
- The key trend for growth of the market is grinding media ball mills in the cement industry are in high demand. Technological improvements have resulted in ball mills that are used extensively in the cement industry to grind materials into the required size. The use of grinding media ball mills in the cement industry with newer and highly efficient drive systems has enabled the mills to optimize their output along with reduced electricity bills for cement manufacturers.
Grinding Media Balls Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our business information services team that collects, collates, co-relates, and analyses the data collected by means of primary exploratory research backed by the robust secondary desk research.
According to our global grinding media balls market analysis, the global market is witnessing a strong growth during the forecast period due to rapid industrialization, increased per capita income, and high technological advancements. Asia Pacific holds the largest market, with a share of about 60%, followed by North America and Europe. Grinding media ball mills in the cement industry are in high demand. The significant growth of global market is driven by several factors, such as a wide range of applications of grinding media in several industries, including the chemical industry, paper & mill, and mineral & metallurgy.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 7.25 Billion |
| Market size value in 2031 | USD 11.25 Billion |
| Growth Rate | 5% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Grinding Media Balls Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Grinding Media Balls Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Grinding Media Balls Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Grinding Media Balls Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Grinding Media Balls Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Grinding Media Balls Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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