Global Grinding Media market will be 9000.91 million USD in 2024

Publisher: QYResearch

Published Date: 2018/10/16

Global Grinding Media Market Research Report 2018 studies the Grinding Media market, Grinding media is used to finely grind material to a size which allows recovery of the desired contained material. It comes in different forms such as grinding balls, grinding cylpebs, rods or even beads.

In terms of volume, the global Grinding Media Production was 7082.7 K MT in 2017, and it is predicted to reach 12154.0 K MT in 2024, at a CAGR of 5.29%. In 2017, the global Grinding Media market is led by North America, capturing about 54.24% of global Grinding Media production. Europe is the second-largest region-wise market with 9.86% of production share.

The technical barriers of grinding media are relatively not high, resulting in numerous manufacturing enterprises. In the market, there are some relatively large enterprises, such as Moly-Cop,ME Elecmetal, Magotteaux, AIA Engineering,EVRAZ NTMK, Donhad, Scaw, Litzkuhn-Niederwippe, Longteng Special Steel, Dongyuan Steel Ball and FengXing. The price of China products is relatively low due to low-end product. China is the largest producer.

Grinding media have a wide range of application in the industries of mining and metallurgy, cement and power plant etc. especially in mining &metallurgy industry, the consumption of the application occupied about 84% share of total amount. The demand for grinding media is expected to continue increasing during the remaining years of the forecast period of 2018-2024. Grinding media industry will usher in a stable growth space.

In the future, global market is expected to witness significant growth on account of rising applications, so in the next few years, Grinding Media production will show a trend of steady growth. In 2024 the production value of Grinding Media is estimated to be 11 Billion USD.

Click to view the full report: https://www.qyresearch.com/index/detail/193656/global-grinding-media-market

This article was first released by QYResearch, if reproduced, please indicate the source.

Marketing: sales@qyresearchglobal.com

Media Contact: press@qyresearch.com