Market Overview:
The global forged steel grinding media market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for forged steel grinding media in mineral dressing, thermal power plant, and chemical engineering applications. In terms of type, the forged steel grinding ball segment is expected to dominate the global market during the forecast period owing to its high wear resistance and toughness properties. In terms of region, North America is projected to lead the global market during the forecast period followed by Europe and Asia Pacific.
Product Definition:
A forged steel grinding media is a metal ball or cylindrical shape that is used as an abrasive to grind down surfaces. The importance of forging the steel results in a much harder surface than can be achieved through other methods, such as casting. This results in longer tool life and improved workpiece finishes.
Forged Steel Grinding Ball:
Forged steel grinding ball is a type of media used in the production process of forged steel. It is made up of very fine particles, which are evenly distributed in nature. The forging takes place at high temperature and pressure, which helps break down the metal into small pieces so that they can be compacted together to achieve desired properties such as strength and hardness.
The global forged steel grinding ball market size was valued at USD 1,849.1 million in 2016.
Forged Steel Grinding Cylpeb:
Forged steel grinding cylpeb is a type of high strength media, which is made from very fine iron particles. The product has the ability to retain its original size and shape even after being used in the grinding of heavy materials such as beams, sheets and bars. It offers several advantages over other types of products such as coarser ones; it exhibits low friction levels during use making it suitable for producing accurate parts with minimum wastage.
Application Insights:
The thermal power plant application segment accounted for the largest share of over 30.0% in 2017 and is projected to witness significant growth over the forecast period. The forged steel grinding ball is used as a milling media in various types of mills, including hammer mills, rotary kilns, cement mills and others. It also finds applications as a mineral dressing agent for coal preparation before combustion in thermal power plants.
Mineral processing emerged as one of the prominent applications segmented into North America.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to witness significant growth over the forecast period owing to rapid industrialization and increasing foreign investments. In addition, rising disposable income of consumers and improving standard of living are likely to contribute toward industry development in this region.
The Asia Pacific forged steel grinding media market is anticipated to grow at a CAGR of XX% from 2018 to 2030 due to growing demand for energy across emerging economies such as India, China, Indonesia, Malaysia and Thailand among others will drive power generation sector which will propel product use across industries including cement plants & kilns for raw material preparation or as an intermediate product.
Europe accounted for a major share in terms of revenue with Germany being one of its key contributors on account forged steel production capacity along with Ural Steel Works (Russia) and Severstal (Belarus).
Growth Factors:
- Increasing demand from end-use industries such as automotive, aerospace, and general engineering
- Growing popularity of forged steel grinding media in developed countries owing to its high performance and durability
- Rising investments by key players in research and development to develop new products and applications
- Emergence of nanotechnology-based forged steel grinding media that offer better performance than traditional products
- Increasing awareness about the benefits of using forged steel grinding media among end users
Scope Of The Report
Report Attributes
Report Details
Report Title
Forged Steel Grinding Media Market Research Report
By Type
Forged Steel Grinding Ball, Forged Steel Grinding Cylpeb
By Application
Mineral Dressing, Thermal Power Plant, Chemical Engineering
By Companies
Longteng Special Steel, Oriental Casting and Forging, Sheng Ye Grinding Ball, Shandong Huamin, Jinan Huafu, Jinchi Steel Ball, Jinan Daming New Material, Zhengxing Grinding Ball, Dongyuan Steel Ball, Zhangqiu Gudao Steel Ball, Jianzhen Steel Ball, Zhangqiu Ruinian Casting and Forging, Zhangqiu Taitou, Sanxing Steel Ball, Taishan Steel Ball, Ningjin Huanqiu Casting, Qingzhou Huahong
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
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Forged Steel Grinding Media Market Report Segments:
The global Forged Steel Grinding Media market is segmented on the basis of:
Types
Forged Steel Grinding Ball, Forged Steel Grinding Cylpeb
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
Mineral Dressing, Thermal Power Plant, Chemical Engineering
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:
- Longteng Special Steel
- Oriental Casting and Forging
- Sheng Ye Grinding Ball
- Shandong Huamin
- Jinan Huafu
- Jinchi Steel Ball
- Jinan Daming New Material
- Zhengxing Grinding Ball
- Dongyuan Steel Ball
- Zhangqiu Gudao Steel Ball
- Jianzhen Steel Ball
- Zhangqiu Ruinian Casting and Forging
- Zhangqiu Taitou
- Sanxing Steel Ball
- Taishan Steel Ball
- Ningjin Huanqiu Casting
- Qingzhou Huahong
Highlights of The Forged Steel Grinding Media 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:
- Forged Steel Grinding Ball
- Forged Steel Grinding Cylpeb
- By Application:
- Mineral Dressing
- Thermal Power Plant
- Chemical Engineering
- 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 Media 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 media is a type of abrasive material that is specifically designed to grind metals. It is made from a variety of materials, including sand, coarser particles, and metal oxides.
Some of the major companies in the forged steel grinding media market are Longteng Special Steel, Oriental Casting and Forging, Sheng Ye Grinding Ball, Shandong Huamin, Jinan Huafu, Jinchi Steel Ball, Jinan Daming New Material, Zhengxing Grinding Ball, Dongyuan Steel Ball, Zhangqiu Gudao Steel Ball, Jianzhen Steel Ball, Zhangqiu Ruinian Casting and Forging, Zhangqiu Taitou, Sanxing Steel Ball, Taishan Steel Ball, Ningjin Huanqiu Casting, Qingzhou Huahong.
The forged steel grinding media market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Forged Steel Grinding Media 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 Media 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 Media Market - Supply Chain
4.5. Global Forged Steel Grinding Media Market Forecast
4.5.1. Forged Steel Grinding Media Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Forged Steel Grinding Media Market Size (000 Units) and Y-o-Y Growth
4.5.3. Forged Steel Grinding Media Market Absolute $ Opportunity
5. Global Forged Steel Grinding Media 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 Media Market Size and Volume Forecast by Type
5.3.1. Forged Steel Grinding Ball
5.3.2. Forged Steel Grinding Cylpeb
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Forged Steel Grinding Media 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 Media Market Size and Volume Forecast by Application
6.3.1. Mineral Dressing
6.3.2. Thermal Power Plant
6.3.3. Chemical Engineering
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Forged Steel Grinding Media 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 Media 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 Media 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 Media 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 Media Demand Share Forecast, 2019-2026
9. North America Forged Steel Grinding Media 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 Media 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 Media Market Size and Volume Forecast by Application
9.4.1. Mineral Dressing
9.4.2. Thermal Power Plant
9.4.3. Chemical Engineering
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 Media Market Size and Volume Forecast by Type
9.7.1. Forged Steel Grinding Ball
9.7.2. Forged Steel Grinding Cylpeb
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 Media Demand Share Forecast, 2019-2026
10. Latin America Forged Steel Grinding Media 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 Media 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 Media Market Size and Volume Forecast by Application
10.4.1. Mineral Dressing
10.4.2. Thermal Power Plant
10.4.3. Chemical Engineering
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 Media Market Size and Volume Forecast by Type
10.7.1. Forged Steel Grinding Ball
10.7.2. Forged Steel Grinding Cylpeb
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 Media Demand Share Forecast, 2019-2026
11. Europe Forged Steel Grinding Media 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 Media 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 Media Market Size and Volume Forecast by Application
11.4.1. Mineral Dressing
11.4.2. Thermal Power Plant
11.4.3. Chemical Engineering
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Forged Steel Grinding Media Market Size and Volume Forecast by Type
11.7.1. Forged Steel Grinding Ball
11.7.2. Forged Steel Grinding Cylpeb
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 Media Demand Share, 2019-2026
12. Asia Pacific Forged Steel Grinding Media 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 Media 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 Media Market Size and Volume Forecast by Application
12.4.1. Mineral Dressing
12.4.2. Thermal Power Plant
12.4.3. Chemical Engineering
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 Media Market Size and Volume Forecast by Type
12.7.1. Forged Steel Grinding Ball
12.7.2. Forged Steel Grinding Cylpeb
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 Media Demand Share, 2019-2026
13. Middle East & Africa Forged Steel Grinding Media 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 Media 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 Media Market Size and Volume Forecast by Application
13.4.1. Mineral Dressing
13.4.2. Thermal Power Plant
13.4.3. Chemical Engineering
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 Media Market Size and Volume Forecast by Type
13.7.1. Forged Steel Grinding Ball
13.7.2. Forged Steel Grinding Cylpeb
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 Media Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Forged Steel Grinding Media Market: Market Share Analysis
14.2. Forged Steel Grinding Media Distributors and Customers
14.3. Forged Steel Grinding Media Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Longteng Special Steel
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Oriental Casting and Forging
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Sheng Ye 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. Shandong Huamin
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 Huafu
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Jinchi Steel Ball
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Jinan Daming New Material
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Zhengxing Grinding Ball
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Dongyuan 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. Zhangqiu Gudao Steel Ball
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Jianzhen Steel Ball
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Zhangqiu Ruinian Casting and Forging
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Zhangqiu Taitou
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Sanxing Steel Ball
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Taishan Steel Ball
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Ningjin Huanqiu Casting
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Qingzhou Huahong
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
