Wilmington, Delaware, Oct. 14, 2024 (GLOBE NEWSWIRE) — Allied Market Research published a report, titled, “High Pressure Grinding Rollerâ?¯Market Size, Share, Competitive Landscape and Trend Analysis Report by Type (Ferrous Material Processing and Non-Ferrous Material Processing), Application (Diamond Liberation, Base Metal Liberation, Precious Metal Beneficiation, and Pellet Feed Preparation), and End User Industry (Cement and Ore & Mineral Processing): Global Opportunity Analysis and Industry Forecast, 2022-2031”. The global high pressure grinding roller market size was valued at $399 million in 2021, and is projected to reach $701.1 million by 2031, growing at a CAGR of 5.8% from 2022 to 2031.â?¯
Prime determinants of growth��
HPGR technology is significantly more energy-efficient compared to conventional grinding methods, such as ball mills. As industries strive to reduce operational costs and energy consumption, the demand for energy-efficient solutions like HPGR has risen. Stringent environmental regulations and a growing focus on sustainability are pushing industries to adopt greener technologies. HPGRs reduce energy consumption, water usage, and COâ?? emissions, aligning with global environmental standards. The mining sector is one of the largest consumers of HPGR technology, particularly in the grinding of hard rock ores. Increased demand for precious and industrial metals, such as copper, gold, and iron ore, is driving the expansion of HPGR applications in mining. HPGR offers lower operational costs compared to traditional milling, as it reduces wear on grinding components, requires less maintenance, and has lower energy requirements. This cost efficiency is a key factor driving its adoption in various industries.â?¯
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Report coverage & details:â?¯
| Report Coverageâ?¯ | Detailsâ?¯ |
| Forecast Periodâ?¯ | 2022-2031â?¯ |
| Base Yearâ?¯ | 2021â?¯ |
| Market Size in 2021â?¯ | $399 millionâ?¯ |
| Market Size in 2031â?¯ | $701.1â?¯ |
| CAGRâ?¯ | 5.8%â?¯ |
| No. of Pages in Reportâ?¯ | 275â?¯ |
| Segments Coveredâ?¯ | Type, Application, End User Industry, and Regionâ?¯ |
| Drivers�� |
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| Opportunitiesâ?¯ |
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| Restraintâ?¯ |
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Segment Highlightsâ?¯
On the basis of type, the high-pressure grinding roller market is segregated into ferrous material processingâ?¯and non-ferrous material processing. The non-ferrous material processing segment dominated the market inâ?¯2021, and the ferrous material processing segment is expected to grow at a significant CAGR of 6.2% during the forecast period. The surge in penetration of the advanced technologies in high-pressure grinding roller for different industries is driving the growth of the market. The incorporation of the technologies helps in saving the cost and timeâ?¯for operations. In addition, it leads to more accuracy and enhanced customer satisfaction. For instance, inâ?¯August 2020, ThyssenKrupp introduces new HPGR Pro – the next-generation high-pressure grinding roll withâ?¯advance features rotating side-plates, controlled mechanical skew, oil lubrication and continuousâ?¯optimization. Thus, this tends to drive the use of the high-pressure grinding roller. This, in turn, is expected to drive the growth of the market.â?¯
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On the basis of end user, the ore & mineral processing segment registered highest revenue inâ?¯the market in 2021, and is expected to grow with high CAGR during the forecast period. Ores output fromâ?¯HPGR are with high ratio of fine particle, and the internal of the ore will have a lot of micro cracks. The micro cracks in the ores made by HPGR significantly improve the ore grinding efficiency, increase the mineral liberation degree, improve the flotation performance, and increase the recovery ratio of final concentrate ores.â?¯ All such factors are expected to drive the high-pressure grinding roller market growth.â?¯
On the basis of end user industry, the high-pressure grinding roller market is divided into cement and ore & mineral processing. The ore and mineral processing segment dominated the market in 2021 and is expected to grow at a significant CAGR of 6.0% during the forecast period. Demand for high-pressure grinding rollers would be fueled by both the growing trend toward reducingâ?¯mining costs and the rising demand for such rollers. By crushing and compressing the feed between twoâ?¯parallel, counter-rotating rollers, they are renowned as essential machinery that minimizes particles. The oreâ?¯and mineral processing are expected to be driven by significant increase in needs and rise in population. This in turn is expected to drive the market growth.â?¯
Regional Outlookâ?¯
By region, the high-pressure grinding roller market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific was the largest contributor to the high-pressure grinding roller market revenue in 2021. However, it is expected to grow with highest CAGR during the forecast period. The high-pressure grinding roller market in Asia-Pacific has gained traction in the recent years, owing to ongoing cement and ore and mineral processing development in China, Japan and India. Mineral production in India showcased growth of 7.5% in June 2022, according to latest data of index of Mineral Production ofâ?¯ Mining and Quarrying Sector for June 2022. The rapid growth of the manufacturing sector in the region isâ?¯expected to boost the manufacturing of high-pressure grinding roller in the coming years.â?¯
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Players: –â?¯
- ABBâ?¯
- â?¯ABBA Rollerâ?¯
- â?¯AGICO Cement International Engineering Co., Ltd.â?¯
- â?¯Cast Steel Productsâ?¯
- â?¯Chengdu Leejun Industrial Co., Ltd.â?¯
- â?¯CITIC Limitedâ?¯
- â?¯FLSmidth & Co. A/Sâ?¯
- â?¯HOSOKAWA MICRON POWDER SYSTEMSâ?¯
- â?¯KHD Humboldt Wedag International AGâ?¯
- â?¯Maschinenfabrik Koppern GmbH & Co. KGâ?¯
- â?¯Metso Outotec Corporationâ?¯
- â?¯Schenck Process Holding GmbHâ?¯
- â?¯Sinosteel New Materials Co., Ltd.â?¯
- â?¯TAKRAF GmbHâ?¯
- â?¯Thyssenkrupp AGâ?¯
- â?¯Weir Group PLCâ?¯
- â?¯Zenith Mining & Construction Machinery Co. Ltd.â?¯
The report provides a detailed analysis of these key players in the global high pressure grinding roller market. These players have adopted strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.��
Recent Development:â?¯
- In March 2019 – TAKRAF launched new range high-pressure grinding roller and l displayed a scale model of HPGR at the booth. The new machines can each handle more than 1,000 t/h of cement clinker, with each machine incorporating rolls with a diameter of 1,800 mm and a weight of more than 50 t per roller.â?¯
- In April 2021 – Weir group won an order to supply equipment such as high-pressure grinding rolls and screens to Swiss based Ferrexpo which is one of the largest exporters of iron ore pellets to the steel industry. Introduction of HPGRs will cut energy consumption by more than 40% compared with traditional mining technologies and will help Ferrexpo to increase output from its operations.â?¯
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