High pressure grinding rolls (HPGR) are used for the size reduction of ores and rocks. They compress the feed material between two rotating rollers, in which one of them is in fixed position and another is in a floating. HPGR has found applications typically in diamond extraction. HPGR provides flexible crushing solutions as it is suitable for both new installations and upgrades in the mining and construction industry. Moreover, it is a highly energy-efficient technology for commination and involves short-term exposure of raw materials such as iron ore to very high pressure. This pressed material can be directly fed to a ball mill of a particular size, thereby making it possible to reduce the specific power consumption of the entire mill system and increase the throughput of the ball mill. HPGRs are expected to replace semi-autogenous (SAG) mills and ball mills in due course of time.
The global high pressure grinding roller (HPGR) market is estimated to account for US$ 377.5 Mn in terms of value by the end of 2021 and is expected to grow at a CAGR of 6.8% during the forecasted period (2022-2030).
Market Opportunity
Rising use of HPGR in hard rock mining can present lucrative growth opportunities
HPGR is becoming increasingly popular for hard rock treatment due to rising energy and steel media costs. Furthermore, the advent of wear abetment technology and significant design enhancements has led to successful implementations and pilot demonstrations HPGR on extremely tough ores. HPGR pilot plant demonstrations at the Newmont Lone Tree gold mine in Nevada, the U.S. in 2009, the Boddington Gold Project in Western Australia in 2010, and the use of HPGR technology by the mining company Anglo American Platinum PPL at its Mogalakwena platinum mine are some such instances.
Base metal liberation segment can provide major business opportunities
HPGRs are majorly operational in diamond mines and iron ores. However, it is used in combination with ball mills or as a standalone device, it can offer numerous advantages such as fineness, quality of the ultimate product, and improved throughput. Hence, the HPGR comminution solution is expected to witness significant growth in base metal liberation. It can help in mining metals such as copper, nickel, lead, and nickel.
Market Restraint
High capital cost associated with HPGR is expected to restrain growth of the global high pressure grinding roller (HPGR) market during the forecast period
Installing HPGR system requires a significant capital investment. It has been observed that HPGRs can lead to increased material handling and it also generates increased quantity of dust. Thus, these factors are expected to restrain growth of the global high pressure grinding roller (HPGR) market during the forecast period.
Constant maintenance is expected to hinder the global high pressure grinding roller (HPGR) market growth over the forecast period
Although HPGR system offers numerous advantages, it still requires frequent maintenance and repair operations. Furthermore, frequent maintenance and repair operations can increase the overall cost of the entire system, which in turn, is expected to hinder the global high pressure grinding roller (HPGR) market growth in the near future.
| Report Coverage | Details | ||
|---|---|---|---|
| Base Year: | 2021 | Market Size in 2021: | US$ 377.5 Mn |
| Historical Data for: | 2017 to 2020 | Forecast Period: | 2022 to 2030 |
| Forecast Period 2022 to 2030 CAGR: | 6.8% | 2030 Value Projection: | US$ 670.1 Mn |
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| Companies covered: |
FLSmidth & Co. A/S, Metso Oyj, Koppern Group, CITIC Heavy Industries Co. Ltd. (CITIC HIC), ThyssenKrupp Industrial Solutions AG (Polysius AG), SGS S.A., KHD Humboldt Wedag International AG, Outotec Oyj, and ABB Ltd. |
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High Pressure Grinding Roller (HPGR) Market - Impact of Coronavirus (Covid-19) Pandemic:
Due to the Covid-19 pandemic, many industries witnessed a significant change in their business. Moreover, the metal and mining industry has been heavily impacted by Covid-19 in many ways. Firstly all the major key players in the market temporarily suspended their manufacturing sites in order to reduce the spread of the virus. In addition to this, the demand for metals such as copper, iron, and others also reduced and remain low for a long time in India and China.
Furthermore, this resulted in the slow growth of the high-pressure grinding roller (HPGR) and showed slow growth in their revenues during the Covid-19 Pandemic.
Competitive Scenario
Key players in Equipment the global High-Pressure Grinding Roller (HPGR) market are FLSmidth & Co. A/S, Metso Oyj, Koppern Group, CITIC Heavy Industries Co. Ltd. (CITIC HIC), ThyssenKrupp Industrial Solutions AG (Polysius AG), SGS S.A., KHD Humboldt Wedag International AG, Outotec Oyj, and ABB Ltd.
Recent Developments:
Forecasted APAC is expected to hold a dominant position in high pressure grinding roller (HPGR) market in 2030
Statistics:
APAC held a dominant position in the global high pressure grinding roller (HPGR) market in 2021, accounting for a 35.2% share in terms of value, followed by North America, Europe, and Row respectively.
Figure 1: Global High Pressure Grinding Roller (HPGR) Market Share (%), By Region, 2021
-market-figure-1.png "High Pressure Grinding Roller (HPGR) | CMI")
APAC High Pressure Grinding Roller (HPGR) Market is expected to witness a high CAGR over the forecast period.
APAC is expected to be one of the prominent regions in the global market and witness high growth during the forecast period. This is owing to increasing demand for high-efficiency and low emission comminution solutions.
Figure 2: Global High Pressure Grinding Roller (HPGR) Market (US$ Mn) Analysis and Forecast, 2017 – 2030
-market-figure-2.png "High Pressure Grinding Roller (HPGR) | CMI")
The Global High Pressure Grinding Roller (HPGR) Market was valued at US$ 377.5 Mn in 2021 and is expected to reach US$ 670.1 Mn by 2030, growing at a CAGR of 6.8% between 2022 and 2030.
High pressure grinding rolls (HPGR) are used for size reduction of ores and rocks. They compress the feed material between two rotating rollers, in which one of them is in fixed position and another is in floating. HPGR has found applications typically in diamond extraction. HPGR is being widely used typically in the cement, iron ore, diamond, and briquette sectors. Mining products such as metals are obtained thorough processing of materials extracted from the earth. Moreover, it is a highly energy-efficient technology and involves short-term exposure of raw materials such as iron ore to very high pressure.
The global pressure grinding roller (HPGR) market was valued at US$ 377.5 Mn in 2021.
Market Dynamics
The global high pressure grinding roller (HPGR) market is expected to witness a rapid growth over the forecast period (2022-2030). This is owing to increase in its adoption in the mining and cement industry. Considering the overall mining process, grinding consumes majority of the energy. Thus, key players in the mining sector are adopting high pressure grinding roller (HPGR) due to low power consumption provided by the HPGR. Further, HPGR can also easily upgrade with existing equipment.
In the recent past, operational cost and energy cost in the mining sector also rapidly growing. For instance, according to Coherent Market insights analysis, US electricity prices were increased by around 3.1% during the span of 2018-2019, which resulted into increases in the overall electricity cost in the industry. Thus, to reduce the operational and electricity cost, mining industries are expected to adopt the high pressure grinding roller (HPGR) system during the forecast period.
Key features of the study:
Detailed Segmentation
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