High Pressure Grinding Roller (HPGR) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 – 2020
Albany, NY -- (SBWIRE) -- 03/16/2016 -- Transparency Market Research (TMR) recently announced the publication of a new research report on the global high pressure grinding roller (HPGR) Market. TMR, a market intelligence company based in the U.S., states that the global HPGR market was worth US$247.7 million in 2013 and will exhibit moderate progress at a CAGR of 5.9% from 2014 to 2020. The report, titled "High Pressure Grinding Roller (HPGR) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020", is available on the company website for sale.
TMR analysis reveals that demand for higher throughput and energy-efficient comminution solutions from the mining industry is the primary factor driving the HPGR market. Since as much as 50% energy in mining operations is taken up by grinding and crushing processes, HPGRs offer optimal energy efficiency solutions.Further, additional features offered by HPGR technology over conventional Ball mills and SAG mils, such as preferential liberation for beneficiation of precious metals and micro-cracks, is encouraging the adoption of the technology.
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Owing to decline in ore grades worldwide, HPGR technology appears to be a lucrative solution to recover maximum value from the mining of precious metals, as per the study findings. The use of HPGR does not cause flattening of gold particles and also allows large and rare diamonds to be obtained more easily. Moreover, benefits such as longer life of wearable parts give HPGRs an edge for comminution undertakings of hard ore mining. However, in the last few years, the mining sector has encountered challenges such as investment constraints, overcapacity, and slowdown in goods markets, which is indirectly restraining the HPGR market.
The TMR report segments the global HPGR market as per power rating, application, processed material type, and geography. The major applications of high pressure grinding rollers are base metal liberation, diamond liberation, precious metal liberation, and pellet feed preparation. As per the study findings, precious metal beneficiation accounted for the largest share – 29.8% – in 2013. The rising use of HPGRs for copper and ferrous ore mining accounts for the growth of the base metal liberation application at a CAGR of 6.9% for the forecast period. Diamond liberation is also a significant application segment of the HPGR market.
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Based on processed material types, TMR segments the HPGR market into ferrous metals and ferroalloys processing and non-ferrous metals processing. As per the research study, increased use of HPGRs for diamond, gold, and copper processing will help the non-ferrous material processing segment to grow at a CAGR of 6.1% in the forecast period. On the other hand, application of high pressure grinding rollers in ferrous metals and ferroalloys processing is expected to grow at a slightly inferior CAGR of 5.4% in the forecast period.
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TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.