Los Angeles, CA -- (SBWire) -- 04/26/2019 --Grinding media is used to finely grind material to a size which allows recovery of the desired contained material. It comes in different forms such as grinding balls, grinding cylpebs, rods or even beads.
Grinding media have a wide range of application in the industries of mining and metallurgy, cement and power plant etc. especially in mining &metallurgy industry, the consumption of the application occupied about 84% share of total amount. The demand for grinding media is expected to continue increasing during the remaining years of the forecast period of 2018-2024. Grinding media industry will usher in a stable growth space.
The global Grinding Media market was 7790 million US$ in 2018 and is expected to 11400 million US$ by the end of 2025, growing at a CAGR of 4.9% between 2019 and 2025.
This report studies the Grinding Media market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
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Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Grinding Media in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
Moly-Cop
ME Elecmetal
Magotteaux
AIA Engineering
EVRAZ NTMK
Donhad
Scaw
Litzkuhn-Niederwippe
Gerdau
TOYO Grinding Ball
Metso
Longteng Special Steel
Dongyuan Steel Ball
FengXing
Shandong Huamin
Anhui Ruitai
Jianzhen Steel Ball
Oriental Casting and Forging
Jinan Huafu
Zhengxing Grinding Ball
Jinan Daming New Material
Sheng Ye Grinding Ball
Jinchi Steel Ball
By the product type, the market is primarily split into
Forged Grinding Media
High Chrome Cast Grinding Media
Other Cast Grinding Media
By the end users/application, this report covers the following segments
Chemistry industry
Metallurgy industry
Cement plant
Power plant
Key Regions split in this report:
North America
Asia-Pacific
Europe
Central & South America
Middle East & Africa
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Grinding Media Market Growing at 4.9% CAGR Will Hit 11400 Million Million US$ in 2025