Market Overview:
The global alloy steel forged 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 alloy steel forged grinding balls from various end-use industries, such as mining, thermal power plant, cement industry, and others. In terms of region, North America is expected to lead the global alloy steel forged grinding balls market during the forecast period followed by Europe and Asia Pacific.
Product Definition:
Alloy steel forged grinding balls are widely used in mining, cement, chemical and construction industries. They have the advantages of high hardness, good wear resistance and low breakage.
DiameterBelow 20 mm Alloy Steel Forged Grinding Balls:
DiameterBelow 20 mm Alloy Steel forged grinding balls are used in the steel industry to reduce wear and tear of the machinery. These balls are made from materials such as chromium, nickel, silicon and molybdenum. The material composition of these balls is responsible for their properties such as high hardness along with low cohesiveness.
DiameterAbove 20 mm Alloy Steel Forged Grinding Balls:
Diameter Above 20 mm Alloy Steel forged grinding balls are used in the manufacturing of automotive components such as gearboxes, flywheels, and transmission components. The product is manufactured using high strength steel with a carbon content of above 0.4%. It has superior impact properties and can withstand high temperatures which makes it ideal for use in the automotive industry.
The global Diameter Above 20 mm Alloy Steel forged grinding balls market was valued at USD 1,Billion in 2016.
Application Insights:
Mining industry accounted for the largest share of the application segment in 2017. The product is widely used in various applications, such as crushing and grinding equipment at coal mines, metal mines, and stone quarries. In addition, it is also used in cement manufacturing process as a cutting medium to make sure that material can be reduced to particles less than 5 mm across.
The thermal power plant segment is expected to grow at a significant rate over the forecast period owing to its rising demand from countries such as China and India on account of increasing electricity generation capacity from fossil fuels. Alloy steel forged grinding balls are widely used for their durability against heat generated during combustion process along with being easy on fuel consumption rates owing to their ability of consuming low-grade fuel energy sources like coke which burns more efficiently than wood or charcoal does.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to some of the largest steel producing countries, such as China, India, Japan and South Korea. In addition, rising demand for forged balls from various end-use industries including construction and mining are likely to drive regional growth over the coming years.
The European market was valued at USD X million in 2017 owing to high demand from several key end-use sectors including automotive industry. Countries such as Germany, France and Russia are among Europe's top 10 producers of both crude as well as refined steel products owing to their strong industrial base coupled with advanced production technologies. Thus these countries accounted for a major share of forged product consumption especially alloy steel forging balls during manufacturing operations in numerous applications across industries including mining & drilling (drilling machinery), power generation (turbine) cement plants etc.
Growth Factors:
- Increasing demand from the mining industry for grinding balls as a result of the growth in global mineral production.
- Rising demand for forged grinding balls in China and other developing countries due to the expansion of steel and non-ferrous metal industries.
- Growing popularity of high-chrome alloyed grinding balls that offer superior wear resistance over traditional low-chrome alloys.
- Technological advancements that have led to the development of more durable and efficient grinding media solutions, such as ceramic beads and composite balls.
Scope Of The Report
Report Attributes
Report Details
Report Title
Alloy Steel Forged Grinding Balls Market Research Report
By Type
DiameterBelow 20 mm Alloy Steel Forged Grinding Balls, DiameterAbove 20 mm Alloy Steel Forged Grinding Balls
By Application
Mining Industry, Thermal Power Plant, Cement Industry, Others
By Companies
Longteng Special Steel, Jinan Xinte, Shandong Huamin, Dongyuan Steel Ball, Jinan Huafu, Jinchi Steel Ball, Longteng Special Steel
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
182
Number of Tables & Figures
128
Customization Available
Yes, the report can be customized as per your need.
Global Alloy Steel Forged Grinding Balls Market Report Segments:
The global Alloy Steel Forged Grinding Balls market is segmented on the basis of:
Types
DiameterBelow 20 mm Alloy Steel Forged Grinding Balls, DiameterAbove 20 mm Alloy Steel Forged Grinding Balls
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, Others
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
- Jinan Xinte
- Shandong Huamin
- Dongyuan Steel Ball
- Jinan Huafu
- Jinchi Steel Ball
- Longteng Special Steel
Highlights of The Alloy Steel Forged 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:
- DiameterBelow 20 mm Alloy Steel Forged Grinding Balls
- DiameterAbove 20 mm Alloy Steel Forged Grinding Balls
- By Application:
- Mining Industry
- Thermal Power Plant
- Cement Industry
- Others
- 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 Alloy Steel Forged 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?
Alloy steel forged grinding balls are made of a blend of iron and other metals that is melted and formed into a ball. The alloy steel is then heated until it reaches its molten state, at which point the metal is poured into molds to create the balls.
Some of the major companies in the alloy steel forged grinding balls market are Longteng Special Steel, Jinan Xinte, Shandong Huamin, Dongyuan Steel Ball, Jinan Huafu, Jinchi Steel Ball, Longteng Special Steel.
The alloy steel forged grinding balls market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Alloy Steel Forged Grinding Balls Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Alloy Steel Forged Grinding Balls Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Alloy Steel Forged Grinding Balls Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Alloy Steel Forged Grinding Balls Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Alloy Steel Forged Grinding Balls Market Size & Forecast, 2020-2028
4.5.1 Alloy Steel Forged Grinding Balls Market Size and Y-o-Y Growth
4.5.2 Alloy Steel Forged Grinding Balls Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 DiameterBelow 20 mm Alloy Steel Forged Grinding Balls
5.2.2 DiameterAbove 20 mm Alloy Steel Forged Grinding Balls
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Mining Industry
6.2.2 Thermal Power Plant
6.2.3 Cement Industry
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Alloy Steel Forged Grinding Balls Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Alloy Steel Forged Grinding Balls Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 DiameterBelow 20 mm Alloy Steel Forged Grinding Balls
9.6.2 DiameterAbove 20 mm Alloy Steel Forged Grinding Balls
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Mining Industry
9.10.2 Thermal Power Plant
9.10.3 Cement Industry
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 DiameterBelow 20 mm Alloy Steel Forged Grinding Balls
10.6.2 DiameterAbove 20 mm Alloy Steel Forged Grinding Balls
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Mining Industry
10.10.2 Thermal Power Plant
10.10.3 Cement Industry
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 DiameterBelow 20 mm Alloy Steel Forged Grinding Balls
11.6.2 DiameterAbove 20 mm Alloy Steel Forged Grinding Balls
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Mining Industry
11.10.2 Thermal Power Plant
11.10.3 Cement Industry
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 DiameterBelow 20 mm Alloy Steel Forged Grinding Balls
12.6.2 DiameterAbove 20 mm Alloy Steel Forged Grinding Balls
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Mining Industry
12.10.2 Thermal Power Plant
12.10.3 Cement Industry
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 DiameterBelow 20 mm Alloy Steel Forged Grinding Balls
13.6.2 DiameterAbove 20 mm Alloy Steel Forged Grinding Balls
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Mining Industry
13.10.2 Thermal Power Plant
13.10.3 Cement Industry
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Alloy Steel Forged Grinding Balls Market: Competitive Dashboard
14.2 Global Alloy Steel Forged Grinding Balls Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Longteng Special Steel
14.3.2 Jinan Xinte
14.3.3 Shandong Huamin
14.3.4 Dongyuan Steel Ball
14.3.5 Jinan Huafu
14.3.6 Jinchi Steel Ball
14.3.7 Longteng Special Steel
