The global Grinding Media market reached a value of about USD 6.3 MMT in 2021. The industry is projected to grow at a CAGR of around 3.4% in the forecast period of 2022-2027 to reach a value of about USD 7.96 MMT by 2027.
The global Grinding Media industry report gives a comprehensive analysis of the industry, including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. The growing applications of the process in various end-user industries are driving the market growth. China is the highest category spender by region, driving the demand for the Grinding Media industry.
Grinding media are the materials that are crushed or ground in a mill to refine material and reduce particle size. It comes in various forms, sizes, and materials, including alumina oxide balls, ceramic cylinders, and soda-lime glass to satisfy multiple grinding and milling requirements. The Grinding Media industry report comprises segments by end-user (mining, cement, and utilities) and region (North America, Europe, Asia Pacific, the Middle East, and Africa, and Latin America).
China is the leading region in the industry because the country produces the most cement in the world. Cement manufacture in China accounts for more than half of global cement output, thus making the region a significant contributor to the market.
The market is being driven by applying the process in various end-user industries, including chemical engineering, paper & mill, mineral dressings, etc. Furthermore, the rapid industrialisation and forged steel grinding balls in the manufacturing industry extract valuable raw materials. One of the essential end-user sectors for these Grinding Media is the chemical industry. Chemicals are made from natural materials in an integrated industrial process, such as petroleum refining to make gasoline, chemicals like ethylene glycol, and polymers like polyethylene. Grinding media is used in the cement industry to turn clinker, gypsum, natural gas or coal, limestone, and other materials into portland cement, which is ultimately utilised in propelling industry growth.
The global Grinding Media industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by major global Grinding Media regions across the globe, such as engagement models, contract terms, and buyer and supplier negotiation levers, among others.
Grinding media is utilised to finely grind material to a size that permits the contained content to be recovered. It is available in a variety of shapes and sizes, including grinding balls, grinding cylpebs, rods, and even beads. It is used in a variety of sectors, including mining, metallurgy, cement, and power plants. The process is employed extensively in the mining and metallurgical industries, in particular.
The rise is aiding the industry in mining activities driven by rising commodities demand and diminishing ore head grades. The media is used in power plants to convert coal and other fuels into a finely split condition before combustion to create energy. Coal is ground to various fineness based on its intended purpose of furthering the industry’s expansion. The favourable laws governing lead concentration in magnetic materials are the main reasons driving development.
However, the widespread availability of forged steel ball substitutes such as ceramic balls, high chromium cast irons (HCCIs), and cast steel balls hinders market expansion.
The regional markets for the industry can be divided into North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
The worldwide grinding media market is quite competitive with multiple well-established industry competitors. To maintain their position in the global market, the leading corporations are acquiring additional grinding media divisions, expanding their operations regionally, and forming significant collaborations.
1. Executive Summary
2. Grinding Media Market Snapshot
2.1. Grinding Media Market Outlook
2.2. Grinding Media Industry Analysis by End User
2.3. Region Overview
2.3.1. North America
2.3.2. Latin America
2.3.4. Asia Pacific
2.3.5. Middle East & Africa
3. Impact of Recent Events
4. Grinding Media Value Chain Analysis
5. Grinding Media Production Process
6. Trade Analysis
7. Major Risk Factors in Sourcing
8. Grinding Media Cost Structure
9. Grinding Media Price Analysis
10. Key Demand Indicator Analysis
11. Key Price Indicator Analysis
12. Grinding Media Market Dynamics
12.1. Drivers & Constraints
12.2. Industry Events
12.3. Innovations & Trends
12.4. Swot Analysis
12.5. Porter’s Five Forces
12.5.1. Buyer Power
12.5.2. Supplier Power
12.5.3. Threat of New Entrants
12.5.4. Threat of Substitutes
12.5.5. Industry Rivalry
13. Industry Best Practices
13.1. Sourcing Strategy
13.2. Procurement Model
13.3. Contract Structure
13.4. Negotiation Levers
13.5. Pricing Model
13.6. Key Factors Influencing the Quotation
14. Key Supplier Analysis
14.1. Magotteaux International S.A.
14.2. Compañía Electro Metalúrgica S.A. Elecmetal S.A.
14.3. Grinding Media South Africa (GMSA)
14.5. AIA Engineering Ltd
The global Grinding Media market size was valued at USD 6.3 MMT in 2021.
As per the end-user provided, the Mining segment is anticipated to lead the market between the period 2022 – 2027.
The significant demand for the procedure in industries like mining etc., is one of the essential drivers of the Grinding Media market growth.
Magotteaux International S.A., Compañía Electro Metalúrgica S.A. Elecmetal S.A., Grinding Media South Africa (GMSA), Molycop, and AIA Engineering Ltd. are the key players in the market.
The China region of the Grinding Media industry holds the major share in the market.
The global Grinding Media market attained a value of USD 6.3 MMT in 2021, driven by applying the process in various end-user industries, including chemical engineering, paper & mill, mineral dressings, etc. Aided by the rise in mining activities driven by rising commodities demand and diminishing ore head grades, the market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 3.4%. The market is projected to reach USD 7.96 MMT by 2027. Some of the leading players in the industry are agotteaux International S.A., Compañía Electro Metalúrgica S.A. Elecmetal S.A., Grinding Media South Africa (GMSA), Molycop, and AIA Engineering Ltd.
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