High Pressure Grinding Rollers (HPGR) Market Grows Owing to Thriving Mining IndustryShoppers' News & Guide AdvertisingUpdated on Mar 16, 2016 View more like this | Visit ALBANY, NY | Contact Transparency market research |
Mining activities around the world lay major emphasis on grinding processes for the obvious reason that they use up nearly half the required energy. With a dramatic surge in mining activities, it is no wonder that the demand for high pressure grinding rollers (HPGR) is on the rise.High pressure grinding rollers possess significant features such as greater energy efficiency, less energy costs, and lower emissions, and their demand is much higher when compared to other technologies such as SAG mills and ball mills. The decline in ore grades has also driven the need for improved comminution solutions, consequently fueling the growth of the global high pressure grinding rollers market. HPGRs are also being used in hard rock mining, a factor that is expected to boost its demand in the coming years. High pressure grinding rollers are often associated with high initial costs and maintenance and this is a challenge that the market will need to overcome in order to retain its growth rate.
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High pressure grinding rollers are applied in base metal liberation, diamond liberation, pellet feed preparation, and precious metal beneficiation. Of these, precious metal beneficiation is the most popular application that makes the most of the recovery value and efficiency presented by high pressure grinding rollers. In 2013, this application segment held the highest share of 29.8%. High pressure grinding rollers are immensely efficient in retrieving rare and large diamonds, thereby making them a valuable asset in the diamond mining industry. HPGRs are also used in copper and ferrous ore mining, making base metal liberation the fastest growing application segment from 2014 to 2020 at a 6.9% CAGR.
Taking into consideration the power ratings of high pressure grinding rollers, HPGRs can be divided into four categories: 2 x 100 kW – 2 x 650 kW, 2 x 650 kW – 2 x 1900 kW, 2 x 1900 kW – 2 x 3700 kW, and 2 x 3700 kW and above. These categories are formed on the basis of the type of material that is to be processed and the features of these materials, and the distribution of particle size. Generating the maximum revenue in 2013, the segment of 2 x 1900 kW – 2 x 3700 kW was the largest among the segmentation by power ratings, and its demand from the mining industry is projected to gain momentum over the course of the forecast period.
By type of processed material, the market for high pressure grinding rollers is bifurcated into ferrous metals and ferroalloys processing, and non-ferrous metals processing. The growth of non-ferrous minerals drives the segment of non-ferrous metal processing to lead the overall high pressure grinding rollers market, registering a 6.1% CAGR from 2014 to 2020. The primary factors contributing to the increasing demand for HPGRs in gold, diamond, and copper mining are greater recovery value and declining ore grades. Recording an estimated CAGR of 5.4% from 2014 to 2020, the segment of ferrous metals and ferroalloys processing is projected to witness a rise in demand owing to surging iron ore mining activities and growing infrastructure expansion.
Geographically, Asia Pacific dominates the high pressure grinding rollers market principally owing to escalating mining and manufacturing activities in developing countries such as India, China, Australia, and Indonesia. Countries in Latin America and Africa such as Chile, Brazil, and Peru have been witnessing rising investments in mining activities, which offers major scope for the growth of the high pressure grinding rollers market. The HPGRs markets in developed countries such as the U.S. or those in Western Europe have been facing issues related to investments, over-capacity, and commodity sectors, owing to which the demand for HPGRs is expected to be limited.
According to a report by Transparency Market Research, the overall market for high pressure grinding rollers is poised to grow at a modest pace of 5.9% from 2014 to 2020. The market was valued to be worth US$247.7 million in 2013.
Browse full Market Research Report at:
http://www.transparencymarketresearch.com/high-pressure-grinding-roller-market.html
A complete brochure for this research is available for download.
High pressure grinding rollers are applied in base metal liberation, diamond liberation, pellet feed preparation, and precious metal beneficiation. Of these, precious metal beneficiation is the most popular application that makes the most of the recovery value and efficiency presented by high pressure grinding rollers. In 2013, this application segment held the highest share of 29.8%. High pressure grinding rollers are immensely efficient in retrieving rare and large diamonds, thereby making them a valuable asset in the diamond mining industry. HPGRs are also used in copper and ferrous ore mining, making base metal liberation the fastest growing application segment from 2014 to 2020 at a 6.9% CAGR.
Taking into consideration the power ratings of high pressure grinding rollers, HPGRs can be divided into four categories: 2 x 100 kW – 2 x 650 kW, 2 x 650 kW – 2 x 1900 kW, 2 x 1900 kW – 2 x 3700 kW, and 2 x 3700 kW and above. These categories are formed on the basis of the type of material that is to be processed and the features of these materials, and the distribution of particle size. Generating the maximum revenue in 2013, the segment of 2 x 1900 kW – 2 x 3700 kW was the largest among the segmentation by power ratings, and its demand from the mining industry is projected to gain momentum over the course of the forecast period.
By type of processed material, the market for high pressure grinding rollers is bifurcated into ferrous metals and ferroalloys processing, and non-ferrous metals processing. The growth of non-ferrous minerals drives the segment of non-ferrous metal processing to lead the overall high pressure grinding rollers market, registering a 6.1% CAGR from 2014 to 2020. The primary factors contributing to the increasing demand for HPGRs in gold, diamond, and copper mining are greater recovery value and declining ore grades. Recording an estimated CAGR of 5.4% from 2014 to 2020, the segment of ferrous metals and ferroalloys processing is projected to witness a rise in demand owing to surging iron ore mining activities and growing infrastructure expansion.
Geographically, Asia Pacific dominates the high pressure grinding rollers market principally owing to escalating mining and manufacturing activities in developing countries such as India, China, Australia, and Indonesia. Countries in Latin America and Africa such as Chile, Brazil, and Peru have been witnessing rising investments in mining activities, which offers major scope for the growth of the high pressure grinding rollers market. The HPGRs markets in developed countries such as the U.S. or those in Western Europe have been facing issues related to investments, over-capacity, and commodity sectors, owing to which the demand for HPGRs is expected to be limited.
According to a report by Transparency Market Research, the overall market for high pressure grinding rollers is poised to grow at a modest pace of 5.9% from 2014 to 2020. The market was valued to be worth US$247.7 million in 2013.
Browse full Market Research Report at:
http://www.transparencymarketresearch.com/high-pressure-grinding-roller-market.html
