High Pressure Grinding Roller Market - Forecast(2023 - 2028)

High Pressure Grinding Roller Market Overview

High Pressure Grinding Roller Market size is forecast to reach US$645.1 million by 2027, after growing at a CAGR of 5.6% during 2022-2027. High-Pressure Grinding Roller (HPGR) is comminution equipment that is primarily operated in cement and limestone plants. However, recently HPGR is also being used in mineral, iron ore, and diamond treatment plants over the conventional technologies by semi-autogenous grinding (SAG) mills and ball mills. HPGR has a considerable number of advantages such as less energy consumption, low operating cost, and high throughput rates. The HPGR market is gaining popularity due to the increase in demand for energy-efficient comminution activities, the rising cost of power and improved grinding quality compared to other comminution technologies. Ferrous material include steel, cast iron, and titanium, as well as alloys of iron with other metals (such as stainless steel). The mining industry will serve as a game-changer for the high-pressure grinding roller market across the forecast period. The rising cement industry is also contributing in the overall market boost, for instance, According to India Brand Equity Foundation, cement production reached 329 million tonnes (MT) in FY20 and is projected to reach 381 MT by FY22.

Covid-19 Impact

The COVID-19 pandemic has had an immediate impact on the world economy and that impact goes across all industries, including high pressure grinding roller. The cement industry sector was one of the sectors that had to carry the most terrible impact of COVID-19, as it was previously fighting a liquidity crisis as an outcome of the non-banking financial institutions in the financial sector for more than a year. Many projects endured in the unfinished stages because of the lack of funds. Those that were finished, remained unsold, because of changing buyer preferences which has indirectly impacted the high-pressure grinding roller market growth. Although, the COVID-19 pandemic remains highly volatile and continues to evolve, the full impact of the pandemic on the Company’s business and future financial performance remains uncertain.

Report Coverage

The report “High Pressure Grinding Roller Market Report– Forecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the High Pressure Grinding Roller industry.

By Material Type: Ferrous Metals and Ferroalloys and Non-Ferrous Minerals
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 Application: Diamond Liberation, Base Metal Liberation, Precious Metal Beneficiation, and Pellet Feed Preparation
By End-Use: Cement Industry, Mining Industry, Metallurgy Industry, Chemical Industry, and Others
By Geography: North America (US, Canada, and Mexico), Europe (UK, France, Germany, Italy, Spain, Russia, Netherlands, Belgium, and Rest of Europe), APAC (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, Rest of South America), and RoW (Middle East and Africa).

Key Takeaways

• Asia- Pacific dominates the high-pressure grinding roller market owing to a rapid increase in the cement industry.
• The growing developments and investment in the mining industry driving the high-pressure grinding roller's market growth.
• One of the major challenges affecting the growth of the high-pressure grinding roller market is its high initial cost and higher maintenance needed.

 Figure: Asia-Pacific High-Pressure Grinding Roller Market Revenue, 2021-2027 (US$ Million)

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High Pressure Grinding Roller Market Segment Analysis - By Type

Non-ferrous metals held the largest share in the high-pressure grinding roller market in 2021 and is estimated to rise at a CAGR of 4.3% in terms of revenue during the forecast period from 2022-2027. High pressure grinding roller made of aluminum oxide or zirconia alumina can be used on most ferrous and non-ferrous metals. Non-ferrous metals include precious metals such as silver, gold, and copper that need an optimum extraction index. The HPGR technology provides scope for lower power requirement, throughput optimization, increased availability, and less wearability in non-ferrous metal processing. Errous metals and ferroalloys processing involve the extraction of iron and its minerals such as ferromanganese, ferrochrome, ferronickel, ilmenite, and ferroniobium. The non-ferrous metals extracted in mineral processing include silver, gold, platinum, lead, copper, pyrite, zinc, and tin. Thus, the increased demand for non-ferrous metal anticipates the high-pressure grinding roller demand.

High Pressure Grinding Roller Market Segment Analysis - By Application

Diamond Liberation segment held the largest share in the high-pressure grinding roller market in 2021 and is estimated to rise at a CAGR of 5.1% in terms of revenue during the forecast period from 2022-2027. The HPGRs are majorly operational in diamond mines and iron ore. When HPGR is used in combination with ball mills or as a standalone grinding device, it offers benefits such as fineness, improved throughput, and quality of the ultimate product in iron ore pellet feed preparation. The HPGR comminution solution is anticipated to show tremendous growth owing to its better liberation of large, rare and high-value diamonds, as well as small ones, with minimal damage. Base metals such as nickel, zinc, copper, and lead are widely used in various industrial and commercial applications. Copper as a base metal is widely used in infrastructure and electrical applications, whereas nickel and zinc are used in iron ore extraction and refining.

High Pressure Grinding Roller Market Segment Analysis - By Geography

Asia-Pacific dominated the high-pressure grinding roller market in terms of revenue with a share of 38.6% in 2021 and is projected to dominate the market during the forecast period 2022-2027. Asia-Pacific contains some of the fastest-growing economies in the world, and each jurisdiction is focused on creating a pipeline of opportunities for development in the various end-use industries like cement industry, mining industry, metallurgy industry, chemical industry. Factors such as improving the global economy, particularly in rapidly-growing countries such as China and India, huge foreign investments, and growing awareness about the ill effects of using asbestos are expected to boost the market for high-pressure grinding roller. In India, some of the recent initiatives, such as the development of 98 smart cities and Urban Rejuvenation Mission for which Rs. 139 billion (US$ 1.93 billion) has been allocated and In China, 26 infrastructure projects with a total expected investment of 981.7 billion yuan (US$142 billion) in 2019 were approved. Aided by suitable Government foreign policies, several foreign players such as Lafarge-Holcim, Heidelberg Cement, and Vicat have invested in the country in 2019. Thus, impacting the overall growth of the high pressure grinding roller market during the forecast period.

High-Pressure Grinding Roller Market Drivers

Increase in Demand of Mining Industry

The mining industry will serve as a game-changer for the high-pressure grinding roller market across the forecast period. The growing interest of many private players in mining activities and the supportive amendments and acts by numerous countries to increase these activities will serve as a vital growth factor. The Government of India recently passed an amendment that enables easy access for the private players to untapped mines. Such amendments invite numerous growth opportunities across the assessment period. Thus, the increasing development and investments in the sector will drive the market growth of high-pressure grinding rollers, for instance, In September 2021, Indian National Mineral Development Corporation Ltd. (NMDC) R&D Centre collaborated with CSIR-IMMT (Institute of Minerals and Materials Technology) to pursue combined research projects on iron ore mining technologies. On top of that, Vedanta Limited invested US$ 20 billion across its operations.

High-Pressure Grinding Roller Market Challenges

High cost might hamper the market

One of the major challenges affecting the growth of the high-pressure grinding roller market is its high initial cost and higher maintenance needed. The higher initial capital cost of high pressure grinding rollers as compared to SAG and ball mills especially hampers the growth of small mining sites with low production, since the cost-saving benefits incurred through higher efficiency are often not sufficient to nullify the high investment required in high pressure grinding roller installation. Further, it has been reported that high pressure grinding rollers lead to increased material handling requirements. The use of high-pressure grinding rollers also generates an increased quantity of dust. These factors act as a barrier to the growth of high pressure grinding roller market in the mining industry. However, it is expected that further technological advancements in high pressure grinding rollers and cost reduction due to the emergence of price-based competition would lead to an increase in demand for high pressure grinding rollers from small mining projects.

High Pressure Grinding Roller Industry Outlook

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Maleic Acid. Major players in the High Pressure Grinding Roller Market

1. FLSmidth & Co. A/S
2. Metso Oyj
3. Koppern Group
4. CITIC Heavy Industries Co. Ltd. (CITIC HIC)
5. ThyssenKrupp Industrial Solutions AG (Polysius AG)
6. SGS S.A.
7. KHD Humboldt Wedag International AG
8. Outotec Oyj
9. ABB Ltd.

Recent Developments

• In 2021, Metso Outotec launched the next evolution of the high-pressure grinding roll (HPGR), the HRCe HPGR. Changes in design allow for maximum productivity with proven technology that leads to superior grinding efficiency.
• In August 2020, ThyssenKrupp launched the HPGR Pro, a high-pressure grinding roll for raw materials processing that it says “offers up to 20% more throughput, 15% lower energy consumption and 30% longer-lasting rollers” than previous models.

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