The Global High Pressure Grinding Roller (HPGR) Market, By Application (Diamond Liberation, Base Metal Liberation, Precious Metal Beneficiation, and 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, and 2 x 3,700 kW and above), By Material Type (Ferrous and Non-Ferrous), and by Region (North America, Europe, APAC, RoW) - Global Forecast to 2027, is expected to be valued at US$ 547.6 million by 2027, exhibiting a CAGR of 6.2% during the forecast period (2020-2027), as highlighted in a report published by Coherent Market Insights.
High pressure grinding roller (HPGR) equipment is a modern energy-efficient comminution technology. It provides flexible crushing solutions since it is appropriate for both new installations and upgrades in the construction and mining industry. HPGR is being widely used typically in the cement, iron ore, diamond, and briquette sectors. It is comprised of two rolls mounted on a strong frame. Mining products such as metals are obtained after thorough processing of materials extracted from the earth. Mineral ores, formed as a result of deposits and compound combinations contain unnecessary minerals which have to be removed through processing.
The global high pressure grinding roller (HPGR) market is estimated to account for US$ 547.6 Mn in terms of value by the end of 2027.
High demand from diamond and iron ore is expected to propel the global high pressure grinding roller (HPGR) market growth over the forecast period.
High pressure grinding roller as witnessed significant demand from iron ore and diamond sectors. HPGR provides excellent advantages such as low energy consumption and high output rate as compared to conventional technologies. As a result of this, it has become desirable in various industries. Moreover, it also provides efficient size reduction capabilities at low long-term investment. Moreover, increased fineness of HPGR products reduces the downstream energy requirements in ball milling and micro-cracking of the HPGR products lower work indices. In both cement and mineral processing industries, the energy efficiency of crushing and grinding processes is a major concern as they consume more than half of the total energy used in the entire mining process. Hence, these factors are expected to propel the global high pressure grinding roller (HPGR) market growth over the forecast period.
Mergers and acquisitions and contracts among major market players can present major business opportunities
Key companies in the market are focused on mergers and acquisitions, in order to enhance the market presence. For instance, in In September 2013, AVIC Beijing Co. Ltd. acquired 19% additional shares in KHD Humboldt Wedag International AG, AVIC now holds 39.0% shares in KHD Humboldt Wedag International AG. Furthermore, In April 2014, Hungarian fertilizer manufacturer Nitrogenmuvek Zrt entered into a contract with ThyssenKrupp AG to handle engineering and procurement of a process plant.
Presence of strict environmental policies is expected to hamper the global high pressure grinding roller (HPGR) market growth over the forecast period
Although HPGR offers various advantages, stringent environmental regulations are major restraining factors. Many countries have started enforcing strict policies to curb air pollution and lessen the impact of the environment. Thus, these factors are expected to hamper the global high pressure grinding roller (HPGR) market growth over the forecast period.
Among regions, Europe is expected to witness significant growth in the global high pressure grinding roller (HPGR) market during the forecast period. This is owing presence of major manufacturers such as ABB Ltd., Koppern Group, and FLSmidth & Co. A/S, and Outotec Oyj across the region. Furthermore, rising research and development activities in the field of comminution technology are expected to boost the regional market growth over the forecast period.
North America is expected to exhibit a robust growth rate in the global high pressure grinding roller (HPGR) market over the forecast period. This is owing to rising demand for iron ores and diamonds across the region. Furthermore, rising extraction of gold, silver, and platinum are expected to boost the regional market growth over the forecast period.
Global High Pressure Grinding Roller (HPGR) Market - Impact of Coronavirus (Covid-19) Pandemic
Global Press Grinding Roller (HPGR) Market witnessed rapid shrink in the sales as metals and mining industry is one of the hardest hit market by COVID 19 pandemic. According to Coherent Market insights analysis metals and mining sector registered sharp decline in demand in 2020. However, in June and July 2020, many industries (especially in China and Europe) started production of electronics and automotive components which will fuel the growth of metals and mining industry and in turn, will positively impact the global press grinding roller (HPGR) market in the near future.
Key players operating in 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.