Market Overview:
The global forged steel grinding balls market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for forged steel grinding balls from various end-use industries, such as mining, thermal power plant, and cement industry. In terms of type, the alloy steel segment is expected to hold a major share of the global forged steel grinding balls market during the forecast period. This can be attributed to its properties such as high strength and toughness that make it suitable for use in various industrial applications.
Product Definition:
A forged steel grinding ball is a type of grinding ball that is made by dropping a round billet of steel into a furnace and then forging it into the desired shape. Forged balls are typically harder, denser, and more wear-resistant than other types of grinding balls. They are commonly used in applications where high impact resistance and durability are required.
Alloy Steel:
Alloy steel is a mixture of iron and other metals, which are generally used in the manufacturing of automobiles. It has high carbon content and low silicon content. The product is used to manufacture various components including crankshafts, fasteners, rods & beams, brake band friction plates among others due to its properties such as ductility & malleability.
Stainless Steel:
Stainless steel is a type of alloy which consists of iron, chromium, nickel and titanium. The different types of stainless steel include ferritic, austenitic and martensitic. It has various applications in the automotive industry such as oil containers & pumps; food processing equipment; medical devices & instruments; aerospace equipment components and chemical processing industries among others.
Application Insights:
Mining industry was the largest application segment in 2017 and accounted for a market share of more than 45% in terms of revenue. The product is widely used in open-pit & underground mines, crushing plants, transport infrastructure, and construction industries. In recent years, there has been an increase in the demand for steel balls from various end-use industries including cement and construction as they offer high wear resistance along with low friction levels.
The thermal power plant segment is expected to register the fastest CAGR over the forecast period owing to increasing electricity generation capacity across various countries including China India Japan U.S., South Korea etcetera due to rapid industrialization coupled with population growths which resulted into increased electricity consumption are major factors driving forged steel grinding balls market growth over the forecast period.
Regional Analysis:
Asia Pacific forged steel grinding balls market is expected to grow at the highest CAGR of XX% from 2018 to 2030 owing to rapid industrialization and growth in construction industry. In addition, rising demand for heavy machinery in emerging economies such as China and India is anticipated to drive the regional demand over the forecast period.
Europe accounted for a significant share of global revenue in 2017 owing to high product penetration across several industries including automotive, mining, oil & gas, aerospace etc.
North America held a substantial volume share both globally as well as regionally on account of large production volumes generated by automakers located primarily in U.S.
Growth Factors:
- Increasing demand from the mining industry for forged steel grinding balls as a result of the growth of global mining activities.
- Rising popularity of forged steel grinding balls among end users due to their high wear resistance and impact toughness properties.
- Technological advancements in the manufacturing process of forged steel grinding balls that has resulted in improved quality and performance characteristics.
- Growing awareness about the benefits of using forged steel grinding balls among consumers, which is resulting in an increase in adoption rates across various industries.
Scope Of The Report
Report Attributes
Report Details
Report Title
Forged Steel Grinding Balls Market Research Report
By Type
Alloy Steel, Stainless Steel
By Application
Mining Industry, Thermal Power Plant, Cement Industry
By Companies
Magotteaux, Scaw Metals Group, TOYO Grinding Ball, Longteng Special Steel, Jinan Xinte, Shandong Huamin, Dongyuan Steel Ball, Jinan Huafu, Jinchi Steel Ball
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Forged Steel Grinding Balls Market Report Segments:
The global Forged Steel Grinding Balls market is segmented on the basis of:
Types
Alloy Steel, Stainless Steel
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Mining Industry, Thermal Power Plant, Cement Industry
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Magotteaux
- Scaw Metals Group
- TOYO Grinding Ball
- Longteng Special Steel
- Jinan Xinte
- Shandong Huamin
- Dongyuan Steel Ball
- Jinan Huafu
- Jinchi Steel Ball
Highlights of The Forged Steel Grinding Balls Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Alloy Steel
- Stainless Steel
- By Application:
- Mining Industry
- Thermal Power Plant
- Cement Industry
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Forged Steel Grinding Balls Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Forged steel grinding balls are made of a special alloy that is hardened and tempered to withstand high wear and tear. They are used in industrial applications, such as metalworking, to grind materials.
Some of the key players operating in the forged steel grinding balls market are Magotteaux, Scaw Metals Group, TOYO Grinding Ball, Longteng Special Steel, Jinan Xinte, Shandong Huamin, Dongyuan Steel Ball, Jinan Huafu, Jinchi Steel Ball.
The forged steel grinding balls market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Forged Steel Grinding Balls Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Forged Steel Grinding Balls Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Forged Steel Grinding Balls Market - Supply Chain
4.5. Global Forged Steel Grinding Balls Market Forecast
4.5.1. Forged Steel Grinding Balls Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Forged Steel Grinding Balls Market Size (000 Units) and Y-o-Y Growth
4.5.3. Forged Steel Grinding Balls Market Absolute $ Opportunity
5. Global Forged Steel Grinding Balls Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Forged Steel Grinding Balls Market Size and Volume Forecast by Type
5.3.1. Alloy Steel
5.3.2. Stainless Steel
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Forged Steel Grinding Balls Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Forged Steel Grinding Balls Market Size and Volume Forecast by Application
6.3.1. Mining Industry
6.3.2. Thermal Power Plant
6.3.3. Cement Industry
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Forged Steel Grinding Balls Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Forged Steel Grinding Balls Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Forged Steel Grinding Balls Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Forged Steel Grinding Balls Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Forged Steel Grinding Balls Demand Share Forecast, 2019-2026
9. North America Forged Steel Grinding Balls Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Forged Steel Grinding Balls Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Forged Steel Grinding Balls Market Size and Volume Forecast by Application
9.4.1. Mining Industry
9.4.2. Thermal Power Plant
9.4.3. Cement Industry
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Forged Steel Grinding Balls Market Size and Volume Forecast by Type
9.7.1. Alloy Steel
9.7.2. Stainless Steel
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Forged Steel Grinding Balls Demand Share Forecast, 2019-2026
10. Latin America Forged Steel Grinding Balls Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Forged Steel Grinding Balls Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Forged Steel Grinding Balls Market Size and Volume Forecast by Application
10.4.1. Mining Industry
10.4.2. Thermal Power Plant
10.4.3. Cement Industry
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Forged Steel Grinding Balls Market Size and Volume Forecast by Type
10.7.1. Alloy Steel
10.7.2. Stainless Steel
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Forged Steel Grinding Balls Demand Share Forecast, 2019-2026
11. Europe Forged Steel Grinding Balls Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Forged Steel Grinding Balls Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Forged Steel Grinding Balls Market Size and Volume Forecast by Application
11.4.1. Mining Industry
11.4.2. Thermal Power Plant
11.4.3. Cement Industry
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Forged Steel Grinding Balls Market Size and Volume Forecast by Type
11.7.1. Alloy Steel
11.7.2. Stainless Steel
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Forged Steel Grinding Balls Demand Share, 2019-2026
12. Asia Pacific Forged Steel Grinding Balls Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Forged Steel Grinding Balls Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Forged Steel Grinding Balls Market Size and Volume Forecast by Application
12.4.1. Mining Industry
12.4.2. Thermal Power Plant
12.4.3. Cement Industry
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Forged Steel Grinding Balls Market Size and Volume Forecast by Type
12.7.1. Alloy Steel
12.7.2. Stainless Steel
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Forged Steel Grinding Balls Demand Share, 2019-2026
13. Middle East & Africa Forged Steel Grinding Balls Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Forged Steel Grinding Balls Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Forged Steel Grinding Balls Market Size and Volume Forecast by Application
13.4.1. Mining Industry
13.4.2. Thermal Power Plant
13.4.3. Cement Industry
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Forged Steel Grinding Balls Market Size and Volume Forecast by Type
13.7.1. Alloy Steel
13.7.2. Stainless Steel
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Forged Steel Grinding Balls Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Forged Steel Grinding Balls Market: Market Share Analysis
14.2. Forged Steel Grinding Balls Distributors and Customers
14.3. Forged Steel Grinding Balls Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Magotteaux
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Scaw Metals Group
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. TOYO Grinding Ball
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Longteng Special Steel
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Jinan Xinte
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Shandong Huamin
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Dongyuan Steel Ball
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Jinan Huafu
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Jinchi Steel Ball
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
