Global Grinding Media Production Was 7082.7 K MT In 2017
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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.