Wilmington, Delaware, United States, Oct. 24, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The global high-pressure grinding roller market is projected to flourish at a CAGR of 6.7% from 2022 to 2031. As per the report published by TMR, a valuation of US$ 759.5 million is anticipated for the market in 2031. As of 2023, the market for high-pressure grinding rollers is expected to close at US$ 467.8 million.
HPGR plays a vital role in the mining industry owing to its improved design and proven operational availability for some of the toughest and hardest ores. The demand for high-pressure grinding roller (HPGR) grinding equipment in various end-use applications is expected to boost the global high-pressure grinding roller market share during the forecast period.
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The expansion of mining activities, especially in base metals and precious metals, has increased the demand for efficient comminution solutions, leading to high-pressure grinding roller (HPGR) technology adoption.
Developing metal carbide studs and tiles specifically designed to produce an autogenous wear layer in the equipment is a key factor in increasing the demand for high-pressure grinding rollers (HPGR) in hard rock applications.
HPGRs are known for their energy-efficient grinding capabilities. They typically require less energy compared to traditional grinding mills, making them an attractive option for industries aiming to reduce energy consumption and operational costs.
Key Takeaways from the Market Study
- As of 2022, the high-pressure grinding roller market was valued at US$ 438.4 million
- Based on application, the base metal liberation segment is expected to account for the highest market share during the forecast period.
- In terms of material processed, the non-ferrous metals processing segment is anticipated to dominate the global market during the forecast period.
High Pressure Grinding Roller Market: Key Trends and Opportunistic Frontiers
- HPGR technology offers better mineral liberation by effectively breaking down ore particles. This leads to increased metal recovery rates, making it particularly valuable in the mining industry.
- Urbanization and infrastructure development projects have fueled the demand for construction materials, such as aggregates, which are processed using HPGR technology.
- Automation and digitalization have been integrated into HPGR systems to optimize operations, improve control, and enhance overall efficiency.
High Pressure Grinding Roller Market- Regional Analysis
- Asia Pacific recorded significant market progress in 2021. Market growth in the region can be ascribed to the rise in demand for minerals in emerging economies such as China and India. The rapid industrialization and urbanization in China and India have fueled the demand for construction materials like cement and aggregates, driving the adoption of HPGRs.
- North America is also expected to witness substantial market expansion in the near future. Growth of the mining industry and surge in gold and copper mining activities are likely to augment the North American pressure grinding roller market share during the forecast period.
- The focus on energy efficiency and sustainable mining practices has further accelerated the adoption of HPGRs. The infrastructure development and construction industry in the United States has also contributed to the use of HPGRs in the cement and aggregate sectors.
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Competitive Landscape
The global high-pressure grinding roller market is consolidated, with a few large-scale high-pressure grinding roller suppliers controlling majority of the share. High-pressure grinding roller manufacturers are focusing on introducing new products such as high-pressure hydraulic tools and rubber roller grinding machines.
- CITIC Heavy Industries Co. Ltd.
- FLSmidth
- KHD Humboldt Wedag International AG
- Metso Oyj
- Cast Steel Products
- The Weir Group PLC
- Thyssenkrupp
- Koppern Group
- Outotec
- TAKRAF GmbH
Key Developments in the High-Pressure Grinding Roller Market
- Weir Group offers HPGR technology under the brand name Enduron® HPGR. They have invested in improving the design and wear protection of HPGRs for various applications, including mining and aggregates.
- TAKRAF GmbH is a global provider of HPGR technology and has been involved in significant HPGR projects in mining projects. They have focused on increasing the throughput capacity of HPGR units.
High Pressure Grinding Roller Market- Key Segments
Power Rating
- 2 x 100 kW - 2 x 650 kW
- 2 x 650 kW - 2 x 1900 kW
- 2 x 1900 kW - 2 x 3700 kW
- 2 x 3700 kW and Above
Material Processed
- Ferrous Metals and Ferroalloys Processing
- Non-ferrous Metals Processing
Application
- Diamond Liberation
- Base Metal Liberation
- Precious Metal Beneficiation
- Pellet Feed Preparation
End User
- Mining
- Ore and Mineral Processing
- Others (Cement, etc.)
Region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
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