Product ID: SQMIG20C2028
Global 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) - Industry Forecast 2024-2031
Report ID:
SQMIG20C2028 |
Region:
Global |
Published Date: April, 2024
Pages:
202
|
Tables:
62 |
Figures:
75
Global 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.
Global Grinding Media Balls Market Report Snapshots
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