Global High Pressure Grinding Roller (HPGR) Market is Expected to Reach Over 600$ by 2027
Published Date: August 23, 2020 |According to a new market report published by Research Corridor “High Pressure Grinding Roller Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2020 – 2027”, the global market for HPGR, in terms of revenue, is expected to reach at over USD 600 million by 2027 and is estimated to grow at a CAGR of 6% during the forecast period from 2020 to 2027. The increasing need for energy-efficient comminution solutions and higher throughput are driving the growth of the HPGR market. Moreover, HPGR technology offers additional benefits, over the conventional SAG mils and Ball mills, such as micro-cracks and preferential liberation in diamond and precious metal beneficiation.
In 2019, HPGRs found largest application in the beneficiation of precious metal due to its higher efficiency and recovery value. The market share of precious metal beneficiation was around 30% in the same year. Other applications include diamond liberation, base metal liberation, and pellet feed preparation. HPGRs are highly accepted in diamond mining due to their capability of retrieving large and rare diamond pieces leading to higher value generation. At a higher CAGR, the market for base metal liberation is estimated to be the fastest-growing segment during the forecast period from 2020 to 2027 owing to the growing use of HPGRs in ferrous and copper ore mining.
HPGRs are widely used in mineral processing of both ferrous and non-ferrous metals. In 2019, non-ferrous minerals processing was the largest segment by type of processed material and expected to grow at a CAGR of 6.1% during the period of 2020 to 2027. The growth of non-ferrous minerals processing is driven by an increase in HPGR use for the diamond, gold, and copper mining owing to falling ore grades and the need for higher recovery value. The market for ferrous metals and ferroalloys processing is expected to grow at a CAGR of XX% in the period 2020 to 2027 due to the rising need for infrastructure building. Iron ore mining activities gain from the energy-efficient comminution solutions provided by HPGRs.
HPGRs are deployed with varying power ratings based on the type and characteristics of the material to be processed. Further, it has been reported that the distribution of particle sizes varies as per the change in power rating. In 2019, the 2 x 1,900 kW – 2 x 3,700 kW power rating range HPGRs held the largest market share of the total HPGR market in terms of revenue. The market share of the same range of HPGRs is expected to increase further owing to the increasing demand for high capacity and throughput from various mining sectors such as iron and copper mining.
In 2019, Asia Pacific held the largest market share primarily due to the mining activities in Australia and China. The demand for mining in the Asia Pacific is further driven by increased demand for commodity and infrastructure building in China and India.
The key players in the HPGR market include ThssenKrupp Industrial Solutions AG (Polysius AG), Koppern Group, KHD Humboldt Wedag International AG, CITIC Heavy Industries Co. Ltd., and Metso Oyj. The market for HPGRs was concentrated in 2019 with the top three players holding over 80% of the total market. ThssenKrupp Industrial Solutions AG (Polysius AG) and Koppern Equipment Inc. were the leading players in the HPGR market for mineral processing in 2019.
Request a full report sample for Global High-Pressure Grinding Roller (HPGR) Market Report @ https://www.researchcorridor.com/request-sample/?id=118228
The market has been segmented as follows:
By Application
- Diamond Liberation
- Base Metal Liberation
- Precious Metal Beneficiation
- Pellet Feed Preparation
By 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
By Processed Material Type
- Ferrous Metals and Ferroalloys Processing
- Non-Ferrous Metal Processing
By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Contact Person: Mr. Vijendra Singh
Contact Email: sales@researchcorridor.com
- Researchers have designed a CMOS-based chip to integrate silicon quantum dots and multiplexed readout electronics
- Toshiba Crop have planned to break up into two companies to raise shareholder return
- Global Intelligent Virtual Assistant Software Market is Projected to Grow at 38% CAGR
- Two Companies Received Orders for 230 Million Syringes for COVID-19 Vaccine
- Global Energy Efficient Materials Market is Expected to Grow Significantly to 2027