High pressure grinding roller market

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.

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:

• In August 2020, ThyssenKrupp’s, a provider of products ranging from machines and industrial services to high-speed trains, elevators, and shipbuilding launched a product named HPGR Pro (high-pressure grinding roll) with the aim to improve efficiency and provide highly sustainable products to the market.
• In October 2020, Metso Oyj, an industrial machinery development and manufacturing company, announced the launching of the mechanical skew control HPGR retrofit kit with the aim to improve energy efficiency & provide throughput in HPGR.

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

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    

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.

Detailed Segmentation

• Global High Pressure Grinding Roller (HPGR) Market, By Product Type:
  • Diamond Liberation
  • Base Metal Liberation
  • Precious Metal Beneficiation
  • Pellet Feed Preparation
• Global High Pressure Grinding Roller (HPGR) Market, By Function:
  • 2 x 100 kW – 2 x 650 kW
  • 2 x 650 kW – 2 x 1,900 kW
  • 2 x 1,900 kW – 2 x 3,700 kW
  • 2 x 3,700 kW and above
• Global High Pressure Grinding Roller (HPGR) Market, By End User:
  • Ferrous
  • Non-Ferrous
• Global High Pressure Grinding Roller (HPGR) Market, By Region:
• • North America
    • 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 1,900 kW
      • 2 x 1,900 kW –  2 x 3,700 kW
      • 2 x 3,700 kW and above
    • By Material Type:
      • Ferrous
      • Non-Ferrous
    • By Country:
      • U.S.
      • Canada
  • Europe
    • 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 1,900 kW
      • 2 x 1,900 kW –  2 x 3,700 kW
      • 2 x 3,700 kW and above
    • By Material Type:
      • Ferrous
      • Non-Ferrous
    • By Country:
      • Germany
      • Italy
      • U.K.
      • France
      • Russia
      • Rest of Europe
  • Asia Pacific
    • 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 1,900 kW
      • 2 x 1,900 kW –  2 x 3,700 kW
      • 2 x 3,700 kW and above
    • By Material Type:
      • Ferrous
      • Non-Ferrous
    • By Country:
      • China
      • India
      • Japan
      • Australia
      • South Korea
      • ASEAN
      • Rest of Asia Pacific
  • Latin America
    • 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 1,900 kW
      • 2 x 1,900 kW –  2 x 3,700 kW
      • 2 x 3,700 kW and above
    • By Material Type:
      • Ferrous
      • Non-Ferrous
    • By Country:
      • Brazil
      • Mexico
      • Argentina
      • Rest of Latin America
  • Middle East and Africa
    • 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 1,900 kW
      • 2 x 1,900 kW –  2 x 3,700 kW
      • 2 x 3,700 kW and above
    • By Material Type:
      • Ferrous
      • Non-Ferrous
    • By Country/Region:
      • GCC Countries
      • South Africa
      • Rest of Middle East and Africa
• Company Profiles
  • FLSmidth & Co. A/S.*
    • Company Overview
    • Product Portfolio
    • Financial Performance
    • Key Strategies
    • Recent Developments
  • 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
  • ABB Ltd.