Market Overview:
The global high chrome steel grinding media 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 high chrome steel grinding media balls from various end-use industries, such as mining, cement, silica sands, coal chemical and others. In addition, the growing awareness about the benefits of using high chrome steel grinding media balls is also contributing to the growth of this market.
Product Definition:
A grinding media ball is a type of industrial ball that is used in milling and mining applications. Grinding media balls are used to grind down materials into smaller particles. They are often made out of high chrome steel, which makes them durable and resistant to wear.
Low Chrome Steel Ball:
Low chrome steel ball is a type of steel balls used in the production of high chrome-silicon steel. It has a composition ranging from 0.6 to 1.2% chromium and 0.4 to 0.7% nickel, by mass basis, which is relatively low compared to the common balls having compositions ranging from 1% chromium and 3% nickel by mass basis (known as standard or high chrome).
Chromium Alloy Ball:
Chromium alloys are used in combination with steel to improve the hardenability of high chrome steel. The product is added in various proportions, generally ranging from 3 to 15%, by weight of the total raw material for manufacturing high chrome steel. Chromium alloy increases hardness and toughness of the metal while decreasing ductility and strength loss at elevated temperatures.
The global chromium alloy ball market size was valued at USD 537 million in 2016.
Application Insights:
Mining was the largest application segment in 2017 and accounted for a volume share of over 40% in 2018. The growth can be attributed to the increasing demand from various sectors such as construction, infrastructure, automotive and energy. Mining is also anticipated to be one of the fastest-growing applications owing to technological advancements coupled with an increase in spending on research & development by companies operating in this sector.
The cement industry is also expected to witness significant growth over the forecast period due largely to its rapid expansion across developing countries worldwide. Rapid urbanization along with rising living standards has led many people around the world away from rural areas into cities where there is a growing need for housing and jobs that offer decent paychecks along with benefits including health insurance coverage. This trend has been particularly prevalent within developed economies such as Germany, U.K.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to witness high growth over the forecast period owing to rapid industrialization and increasing foreign investments. China, India, Japan, South Korea are some of the largest consumers of these products in this region due to growing demand from various end-use industries such as steel manufacturing and cement industry.
The Asia Pacific is anticipated to be followed by Europe during the same period owing to rising product demand from countries such as Germany, U.K.
Growth Factors:
- Increasing demand from end-use industries such as cement, power generation, and mining
- Growing popularity of high chrome steel grinding media balls in developing countries
- Rising investments in grinding technology by manufacturing companies
- Technological advancements that have led to the development of more efficient and durable grinding media balls
- Growing awareness about the benefits of using high chrome steel grinding media balls among end users
Scope Of The Report
Report Attributes
Report Details
Report Title
High Chrome Steel Grinding Media Balls Market Research Report
By Type
Low Chrome Steel Ball, Chromium Alloy Ball, Chrome Ball In Chrome, High Chromium Alloy Ball Chrome, Special High Chromium
By Application
Mining, Cement, Silica Sands, Coal Chemical
By Companies
Magotteaux, AIA ENGINEERING, Scaw, TOYO Grinding Ball Co, Christian Pfeiffer, Estanda, FengXing, Qingzhou Dazhong, DongTai, Jinchi Steel Ball, Ruitai, Zhangqiu Taitou, NingGuoXinMa, Zhiyou
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
139
Number of Tables & Figures
98
Customization Available
Yes, the report can be customized as per your need.
Global High Chrome Steel Grinding Media Balls Market Report Segments:
The global High Chrome Steel Grinding Media Balls market is segmented on the basis of:
Types
Low Chrome Steel Ball, Chromium Alloy Ball, Chrome Ball In Chrome, High Chromium Alloy Ball Chrome, Special High Chromium
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, Cement, Silica Sands, Coal Chemical
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
- AIA ENGINEERING
- Scaw
- TOYO Grinding Ball Co
- Christian Pfeiffer
- Estanda
- FengXing
- Qingzhou Dazhong
- DongTai
- Jinchi Steel Ball
- Ruitai
- Zhangqiu Taitou
- NingGuoXinMa
- Zhiyou
Highlights of The High Chrome Steel Grinding Media 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:
- Low Chrome Steel Ball
- Chromium Alloy Ball
- Chrome Ball In Chrome
- High Chromium Alloy Ball Chrome
- Special High Chromium
- By Application:
- Mining
- Cement
- Silica Sands
- Coal Chemical
- 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 High Chrome Steel Grinding Media 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
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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?
High chrome steel grinding media balls are made of high quality chrome-molybdenum alloy. They have a very hard and durable surface that is perfect for grinding metals.
Some of the major companies in the high chrome steel grinding media balls market are Magotteaux, AIA ENGINEERING, Scaw, TOYO Grinding Ball Co, Christian Pfeiffer, Estanda, FengXing, Qingzhou Dazhong, DongTai, Jinchi Steel Ball, Ruitai, Zhangqiu Taitou, NingGuoXinMa, Zhiyou.
The high chrome steel grinding media balls market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 High Chrome Steel Grinding Media 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 High Chrome Steel Grinding Media Balls Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 High Chrome Steel Grinding Media 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 High Chrome Steel Grinding Media 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 High Chrome Steel Grinding Media Balls Market Size & Forecast, 2020-2028
4.5.1 High Chrome Steel Grinding Media Balls Market Size and Y-o-Y Growth
4.5.2 High Chrome Steel Grinding Media 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 Low Chrome Steel Ball
5.2.2 Chromium Alloy Ball
5.2.3 Chrome Ball In Chrome
5.2.4 High Chromium Alloy Ball Chrome
5.2.5 Special High Chromium
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
6.2.2 Cement
6.2.3 Silica Sands
6.2.4 Coal Chemical
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global High Chrome Steel Grinding Media 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 High Chrome Steel Grinding Media 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 Low Chrome Steel Ball
9.6.2 Chromium Alloy Ball
9.6.3 Chrome Ball In Chrome
9.6.4 High Chromium Alloy Ball Chrome
9.6.5 Special High Chromium
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
9.10.2 Cement
9.10.3 Silica Sands
9.10.4 Coal Chemical
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 Low Chrome Steel Ball
10.6.2 Chromium Alloy Ball
10.6.3 Chrome Ball In Chrome
10.6.4 High Chromium Alloy Ball Chrome
10.6.5 Special High Chromium
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
10.10.2 Cement
10.10.3 Silica Sands
10.10.4 Coal Chemical
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 Low Chrome Steel Ball
11.6.2 Chromium Alloy Ball
11.6.3 Chrome Ball In Chrome
11.6.4 High Chromium Alloy Ball Chrome
11.6.5 Special High Chromium
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
11.10.2 Cement
11.10.3 Silica Sands
11.10.4 Coal Chemical
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 Low Chrome Steel Ball
12.6.2 Chromium Alloy Ball
12.6.3 Chrome Ball In Chrome
12.6.4 High Chromium Alloy Ball Chrome
12.6.5 Special High Chromium
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
12.10.2 Cement
12.10.3 Silica Sands
12.10.4 Coal Chemical
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 Low Chrome Steel Ball
13.6.2 Chromium Alloy Ball
13.6.3 Chrome Ball In Chrome
13.6.4 High Chromium Alloy Ball Chrome
13.6.5 Special High Chromium
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
13.10.2 Cement
13.10.3 Silica Sands
13.10.4 Coal Chemical
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 High Chrome Steel Grinding Media Balls Market: Competitive Dashboard
14.2 Global High Chrome Steel Grinding Media Balls Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Magotteaux
14.3.2 AIA ENGINEERING
14.3.3 Scaw
14.3.4 TOYO Grinding Ball Co
14.3.5 Christian Pfeiffer
14.3.6 Estanda
14.3.7 FengXing
14.3.8 Qingzhou Dazhong
14.3.9 DongTai
14.3.10 Jinchi Steel Ball
14.3.11 Ruitai
14.3.12 Zhangqiu Taitou
14.3.13 NingGuoXinMa
14.3.14 Zhiyou
