Transparency Market Research, a global market intelligence company, has recently published a new market research report, which is available for sale on the company website. The research report, titled “High Pressure Grinding Roller (HPGR) Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2018 – 2026”, provides detailed analysis of the global market for HPGR, including a market overview, market drivers and restraints, opportunities and challenges, product segmentation, geographical segmentation, and competitive landscape analysis. According to the research report, in High Pressure Grinding Roller Market is projected to expand at a CAGR of 5.6% during forecast period and estimated to reach US$ 604.2 Mn by 2026.
The major factor propelling the HPGR market is the growing demand from the mining industry for energy-efficient comminution and higher output solutions. Grinding and crushing procedures account for around 50% of the total energy used in mining operations; hence, the global HPGR market provides the mining industry with optimal energy efficiency solutions. In addition, several other advantages presented by HPGR technology over conventional SAG mills and Ball mills, including preferential liberation for beneficiation of precious metals and micro-cracks, is further boosting the adoption of the HPGR technology across the globe in the forecast period.
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By application, the global HPGR market has been segmented into precious metal beneficiation, base metal liberation, pellet feed preparation, and diamond liberation. Furthermore, by power rating, the global market for HPGRs has been classified into non-ferrous metal processing and ferrous metals and ferroalloys processing. The rising adoption of HPGRs for gold, diamond, and copper processing is boosting the growth of the non-ferrous material processing segment.
Use of high pressure grinding rollers in hard rock mining is anticipated to create good growth opportunity for HPGR manufacturers. Till date, high pressure grinding roller technology has not been widely used in the treatment of hard rock due to challenges such as operational availability and wear rates. However, high pressure grinding rollers are becoming increasingly attractive for hard rock ore applications due to the steel media and escalating energy costs.
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The research report has divided the global HPGR market on the basis of geography into North America, Asia Pacific, Europe, and Rest of the World. Among these regions, in 2013, Asia Pacific led the global HPGR market, holding the largest market share in terms of revenue. The Asia Pacific HPGR market is projected to exhibit a steady growth rate and continue in its leading position throughout the forecast period. Nevertheless, the rising investments for mining activities in Latin America and Africa have resulted in the generation of huge opportunities in these regions during the forecast period.
Furthermore, the research report covers the competitive landscape of the global HPGR market. The analysis comprises the company overview, contact information, product portfolio, business strategies, financial overview, mergers and acquisitions, and the recent developments. Some of the major companies operating in the global HPGR market are CITIC Heavy Industries Co. Ltd., FLSmidth, KHD Humboldt Wedag International AG, Metso Oyj, Cast Steel Products, The Weir Group PLC, Thyssenkrupp, Koppern Group, Outotec, and TAKRAF GmbH.
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Key segments of the global high pressure grinding roller (HPGR) market:
High Pressure Grinding Roller (HPGR) Market, by Application
- Diamond Liberation
- Base Metal Liberation
- Precious Metal Beneficiation
- Pellet Feed Preparation
High Pressure Grinding Roller (HPGR) Market, 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
High Pressure Grinding Roller (HPGR) Market, by Processed Material Type
- Ferrous Metals and Ferroalloys Processing
- Non-Ferrous Metals Processing
High Pressure Grinding Roller (HPGR) Market, by Geography
- North America
- Ferrous Metals and Ferroalloys Processing
- Non-Ferrous Metals Processing
- Europe
- Ferrous Metals and Ferroalloys Processing
- Non-Ferrous Metals Processing
- Asia-Pacific
- Ferrous Metals and Ferroalloys Processing
- Non-Ferrous Metals Processing
- Rest of the World (RoW)
- Ferrous Metals and Ferroalloys Processing
- Non-Ferrous Metals Processing
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