About Mineral Processing Equipment
Mineral processing equipment is the machinery or range of equipment used in mining processing industries for several stages of the process of mining. It is used in crushing, grinding, milling, granulating, sampling, sizing, dewatering, and others. The equipment is available in different types such as attrition scrubbers, belt filter press, bucket wheels – dewatering, and others. Minerals such as iron, coal, aluminum, nickel, copper, and other minerals are processed by using mineral processing equipment.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.5% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Multotec (South Africa), FEECO International, Inc. (United States), Metso Oyj (Finland), McLanahan (United States), HMA Group (Australia), African Pegmatite (South Africa), L&H Industrial (United States), Kemper Equipment (United States), Bepex International LLC (United States), VERDES (Spain), MGX Minerals Inc. (Canada), Prater Industries (United States) and FLSmidth & Co. A/S (Denmark) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Mineral Processing Equipment market by Type (Attrition Scrubbers, Belt Filter Press, Bucket Wheels – Dewatering and Others), Application (Crushing/Grinding, Milling, Granulating and Others) and Region.
On the basis of geography, the market of Mineral Processing Equipment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Mineral, the sub-segment i.e. Coal will boost the Mineral Processing Equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Offline will boost the Mineral Processing Equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Operation, the sub-segment i.e. Automatic will boost the Mineral Processing Equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Consumption of Mineral Processing Equipment is Increasing in the Asian Market
Market Growth Drivers:
Demand for Automation, Faster and Effective Mining Processing Operations and Growing Mining Exploration Activities Across the Different Regions
Challenges:
High-Cost Investment in Production and Installing of Mineral Processing Equipment
Restraints:
Stringent Regulatory Guidelines on the Production and Distribution of Mineral Processing Equipment Market
Opportunities:
Surging Government Investment and Spendings on Mining Sector will Boost the Mineral Processing Equipment and Technological Advancement in the Mineral Processing Equipment
Market Leaders and their expansionary development strategies
On 29th July 2021, FLSmidth A/S and ThyssenKrupp AG have reached an agreement whereby FLSmidth will acquire ThyssenKrupp's mining business. Completion of the transaction is expected in 2H22 and is subject to merger control clearance and closing. The enterprise value is €325 million.
On 12th January 2022, MGX Minerals Announces the Engagement of Metso-Outotec for Silicon Processing. The primary piece of processing equipment is a sub-merged arc furnace (“SAF”). This electric arc furnace generates heat up to 1600 degrees Celsius sufficient to melt the quartzite. The liquid metal is then tapped and poured into bricks and roughly crushed into 3”-4” pieces for shipment.
Key Target Audience
Mineral Processing Equipment Manufacturers, Mineral Processing Equipment Industrial Associations, Mineral Processing Equipment Distributors and Suppliers, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.