Global Grinding Media Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Grinding Media Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Grinding media, the objects used to refine material and reduce particle size, are available in a wide range of shapes, sizes and materials to meet an equally wide range of grinding and milling needs.

Market Overview:

The latest research study on the global Grinding Media market finds that the global Grinding Media market reached a value of USD 5702.98 million in 2022. It’s expected that the market will achieve USD 7443.84 million by 2028, exhibiting a CAGR of 4.54% during the forecast period.

Opportunities and Drivers

Over the past two decades, emerging markets and developing economies have achieved good growth. Although the living standards of the people in emerging countries have not yet caught up with advanced economies, economic growth is fast, various industries are expanding rapidly, and the market has great potential. Industrialization, urbanization, and industrial upgrading have become the driving force for the development of downstream industries such as metallurgical industry and mining industry. With the continuous development of globalization, the trade between countries is more frequent, which will also promote the increase in the number of imports and exports of abrasive media.

Challenges

The market for abrasive media is affected by fluctuations in downstream applications. Mining, metallurgy and other industries are affected by macroeconomic and environmental policies, and industry competition is becoming increasingly fierce. Most companies have shifted their development focus to reducing consumption, reducing costs, increasing varieties, improving production quality, and environmental protection. Many companies in the metallurgical industry have increased the research and development of new processes so that they can better replace traditional production processes. In this case, downstream customers' demand for grinding media has been reduced, and higher performance requirements have been put forward.

Region Overview:

China had the highest growth rate of all regions.

Company Overview:

Moly-Cop is one of the major players operating in the Grinding Media market, holding a share of 18.76% in 2020.

Moly-Cop, doing business as Grinding Media, manufactures metal products. The Company offers grinding balls and rods, flotation chemicals, and rail consumables products. Grinding Media serves clients worldwide.

Magotteaux Group SA designs, manufactures, and distributes industrial parts and machinery. The Company provides crushing, grinding, dredging parts, heat resistant castings, and optimization tools. Magotteaux Group serves mining, cement, quarrying, recycling, coal-fired power stations, and dredging industries worldwide.

Segmentation Overview:

Among different product types, Forged Grinding Media segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Metallurgy industry segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Grinding Media market covered in Chapter 3:

Anhui Ningguo Wear-Resistant Fittings Factory
SinoGrinding
Jinchi Steel Ball
Zhengxing Grinding Ball
Scaw
Shandong Huamin
Luchinni
Moly-Cop
Kuangshan Naimo
ME Elecmetal
EVRAZ NTMK
AIA Engineering
FengXing
Gerdau
Goldpro
Ningguo Dongfang Grinding Materials
Shandong HuaFu Group
Magotteaux
Sheng Ye Grinding Ball

In Chapter 4 and Chapter 14.2, on the basis of types, the Grinding Media market from 2018 to 2029 is primarily split into:

Forged Grinding Media
High Chrome Cast Grinding Media

Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Grinding Media market from 2018 to 2029 covers:

Chemistry Industry
Metallurgy Industry
Cement Plant
Power Plant

Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)