Market Overview:
The global stainless steel grinding rods 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 stainless steel grinding rods from various end-use industries, such as mining, thermal power plant, cement industry and others. In terms of type, forged steel is expected to hold a major share in the global stainless steel grinding rods market during the forecast period. Cast steel is also projected to witness significant growth during the forecast period owing to its properties such as high strength and toughness.
Product Definition:
A stainless steel grinding rod is a long, cylindrical piece of metal that is used to grind down materials. The importance of stainless steel grinding rods lies in the fact that they are made from a durable and tough material that can withstand wear and tear. Additionally, they are resistant to corrosion, which makes them ideal for use in wet or humid environments.
Forged Steel:
Forged steel is a hot rolled steel with distinctive properties such as high tensile strength and good ductility. It has been gaining importance in the stainless steel grinding rods industry on account of its ability to provide improved surface finish, greater dimensional stability during rod finishing operations and enhanced resistance to rusting & corrosion.
Cast Steel:
Cast steel is a type of iron alloy which consists of carbon, manganese, silicon and sulfur. It has high carbon content ranging from 8% to 12%. The product finds application in the manufacturing of stainless steel grinding rods as it helps in increasing the hardness and strength of stainless steel.
The global cast steel market size was valued at USD 1.91 billion in 2016.
Application Insights:
The application segment includes the mining industry, thermal power plant, cement industry, and others. The other applications include chemical processing and metallurgical industries. In terms of revenue, the grinding rod market is categorized into iron & steel making process as well as non-ferrous metal making process segments.
The iron & steel making process segment dominated the global stainless steel grinding rods market in 2017 owing to increasing demand for such products from various sectors including construction and automotive among others. The product is widely used in various processes including cold rolling operation on low speeders where high wear resistance is required along with good toughness at elevated temperatures which are suitable for medium carbon content grades of stainless steel rods ranging between 18/8 SS to 440C SS (excluding ferroalloys).
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising investments in infrastructure development, especially in developing countries such as India and China. In addition, rapid industrialization coupled with increasing per capita income is anticipated to fuel demand for consumer goods along with automobiles, which will further propel industry expansion over the coming years.
The steel production capacity has increased significantly owing to growing demand from end-use industries across Asia Pacific. This has resulted in ample availability of raw materials at competitive prices thereby making it a preferred destination for manufacturing operations across various sectors including automotive, construction and others.
Europe was estimated at USD X million in 2017 on account of high consumption from several major end-use industries that include machinery & equipment manufacturing, construction sector and electrical & electronics industry across Germany, U.K.
Growth Factors:
- Increasing demand from end-use industries such as automotive, construction, and engineering
- Growing popularity of stainless steel grinding rods in the global market
- Rising investments by leading players in research and development activities to develop new products
- Expansion of manufacturing capacities by key players to cater to the growing demand for stainless steel grinding rods globally
- Emergence of new applications for stainless steel grinding rods in different end-use industries
Scope Of The Report
Report Attributes
Report Details
Report Title
Stainless Steel Grinding Rods Market Research Report
By Type
Forged Steel, Cast Steel
By Application
Mining Industry, Thermal Power Plant, Cement Industry, Others
By Companies
Magotteaux, Scaw Metals Group, TOYO Grinding Ball, McMaster-Carr, NINGGUO KAIYUAN, Vítkovice Steel, Tan Kong, Advance Grinding Services
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
176
Number of Tables & Figures
124
Customization Available
Yes, the report can be customized as per your need.
Global Stainless Steel Grinding Rods Market Report Segments:
The global Stainless Steel Grinding Rods market is segmented on the basis of:
Types
Forged Steel, Cast 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, 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:
- Magotteaux
- Scaw Metals Group
- TOYO Grinding Ball
- McMaster-Carr
- NINGGUO KAIYUAN
- Vítkovice Steel
- Tan Kong
- Advance Grinding Services
Highlights of The Stainless Steel Grinding Rods 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
- Cast Steel
- 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 Stainless Steel Grinding Rods 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?
Stainless steel grinding rods are made of high quality stainless steel and are used for various industrial purposes. They can be used to grind different materials, such as metals, plastics, and other substances.
Some of the key players operating in the stainless steel grinding rods market are Magotteaux, Scaw Metals Group, TOYO Grinding Ball, McMaster-Carr, NINGGUO KAIYUAN, Vtkovice Steel, Tan Kong, Advance Grinding Services.
The stainless steel grinding rods 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 Stainless Steel Grinding Rods 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 Stainless Steel Grinding Rods Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Stainless Steel Grinding Rods 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 Stainless Steel Grinding Rods 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 Stainless Steel Grinding Rods Market Size & Forecast, 2018-2028
4.5.1 Stainless Steel Grinding Rods Market Size and Y-o-Y Growth
4.5.2 Stainless Steel Grinding Rods Market Absolute $ Opportunity
Chapter 5 Global Stainless Steel Grinding Rods 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 Stainless Steel Grinding Rods Market Size Forecast by Type
5.2.1 Forged Steel
5.2.2 Cast Steel
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Stainless Steel Grinding Rods 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 Stainless Steel Grinding Rods 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 Stainless Steel Grinding Rods 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 Stainless Steel Grinding Rods 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 Stainless Steel Grinding Rods Analysis and Forecast
9.1 Introduction
9.2 North America Stainless Steel Grinding Rods 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 Stainless Steel Grinding Rods Market Size Forecast by Type
9.6.1 Forged Steel
9.6.2 Cast Steel
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 Stainless Steel Grinding Rods 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 Stainless Steel Grinding Rods Analysis and Forecast
10.1 Introduction
10.2 Europe Stainless Steel Grinding Rods 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 Stainless Steel Grinding Rods Market Size Forecast by Type
10.6.1 Forged Steel
10.6.2 Cast Steel
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 Stainless Steel Grinding Rods 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 Stainless Steel Grinding Rods Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Stainless Steel Grinding Rods 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 Stainless Steel Grinding Rods Market Size Forecast by Type
11.6.1 Forged Steel
11.6.2 Cast Steel
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 Stainless Steel Grinding Rods 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 Stainless Steel Grinding Rods Analysis and Forecast
12.1 Introduction
12.2 Latin America Stainless Steel Grinding Rods 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 Stainless Steel Grinding Rods Market Size Forecast by Type
12.6.1 Forged Steel
12.6.2 Cast Steel
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 Stainless Steel Grinding Rods 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) Stainless Steel Grinding Rods Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Stainless Steel Grinding Rods 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) Stainless Steel Grinding Rods Market Size Forecast by Type
13.6.1 Forged Steel
13.6.2 Cast Steel
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) Stainless Steel Grinding Rods 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 Stainless Steel Grinding Rods Market: Competitive Dashboard
14.2 Global Stainless Steel Grinding Rods Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Magotteaux
14.3.2 Scaw Metals Group
14.3.3 TOYO Grinding Ball
14.3.4 McMaster-Carr
14.3.5 NINGGUO KAIYUAN
14.3.6 Vítkovice Steel
14.3.7 Tan Kong
14.3.8 Advance Grinding Services
