Pin Mills Market Share, Size, Trends, Industry Analysis Report, By Material (Carbon Steel and Stainless Steel); By Disc Diameter; By End Use; By Region; Segment Forecast, 2023 - 2032

Pin Mills Market Share, Size, Trends, Industry Analysis Report, By Material (Carbon Steel and Stainless Steel); By Disc Diameter; By End Use; By Region; Segment Forecast, 2023 - 2032

The global pin mills market size is expected to reach USD 1,240.48 million by 2032, according to a new study by Polaris Market Research. The report “Pin Mills Market Share, Size, Trends, Industry Analysis Report, By Material (Carbon Steel and Stainless Steel); By Disc Diameter; By End Use; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The increasing focus of major industrial sectors on product quality, consistency, and uniformity and rapid growth in the rate of urbanization and industrialization leading to high demand for efficient grinding equipment to support the production processes along with the rising implementation of energy efficiency and sustainability is driving the market demand and growth. Additionally, rising R&D activities to develop more advanced pin mills facilities and expansion into several emerging economies are likely to contribute to the market's development positively. For instance, in March 2023, WANGTONG & LINGLING introduced its new WLF Pin Mill, which is suitable for various industries like medicine and chemical. The newly developed pin mill utilizes high-speed relative motion to crush the crushed material, which can be directly discharged from the main grinding chamber.

Increasing prevalence of Innovations in materials used in pin mills that are contributing to improved performance and durability and sure in the number of manufacturers who are exploring advanced materials, coatings, and surface treatments that offer increased wear resistance, reduce contamination risks, and enhance overall equipment longevity is likely to generate new revenue opportunities for the global market. Moreover, several large manufacturers across the globe are focusing on introducing pin mills with modular designs, allowing for easy configuration changes, selection of different grinding elements, and customization of features such as screen sizes and material options, as the number of customers seeking pin mills that can be customized easily to meet their specific requirements and needs is constantly increasing, which in turn fueling the market.

Pin Mills Market Report Highlights

Stainless steel segment accounted for largest market share in 2022, on account of its numerous advantageous characteristics including longevity, corrosion resistance, and hygienic processing

12 to 18 inches segment held the maximum market share in 2022, mainly due to high prevalence of pin mills with 12 to 18 inches disc diameter, as it offers better processing capabilities

Chemicals & petrochemicals segment is projected to grow at highest growth rate over the coming years, due to widespread product use in grinding of materials like resins and pigments

North America region dominated the global market with substantial revenue share in 2022, due to quick adoption of higher technological advancements and innovations in grinding technologies across the region

The global key market players include Hosokawa Micron Group, Fritsch Milling & Sizing, Atlas Copco Corporation, Stedman Machine Company, and Munson Machinery Company

Polaris Market Research has segmented the pin mills market report based on material, disc diameter, application, and region:

Pin Mills, Material Outlook (Revenue - USD Million, 2023 - 2032)

Carbon Steel

Stainless Steel

Pin Mills, Disc Diameter Outlook (Revenue - USD Million, 2023 - 2032)

Less Than 12 Inches

12 to 18 Inches

18 to 24 Inches

Above 24 Inches

Pin Mills, Application Outlook (Revenue - USD Million, 2023 - 2032)

Pharmaceuticals

Food & Beverages

Chemicals & Petrochemicals

Minerals

Others

Pin Mills, Regional Outlook (Revenue - USD Million, 2023 - 2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa