Global Grinding Balls Market Overview:
Grinding ball is a type of grinding media made of steel and high chromium cast iron. Grinding ball made of chromium cast iron are widely used in coal, ceramic and cement industries due to their durability feature. In mining industry, the grinding balls are used to breakdown materials such as rock, cement and stones during the extraction of ores and metals. However, the production of grinding balls are expensive and also it produce a large percentage of waste that may limit the market growth. The growing number of mining industries will leads to increasing demand of grinding balls market
Growth Drivers
- Growing of Mining Industries
- Growing Use for Blending and Mixing
Roadblocks
- Large Amount Of Waste Produced while Manufacturing
Opportunities
- Excellent Wear Resistant Property
- Growing Use of Grinding Balls in Cement Factories
Challenges
- Presence of Large Number of Manufacturers
Competitive Landscape:
Some of the key players profiled in the report are Magotteaux (China), Scaw metals group (South Africa), TOYO Grinding Ball Co (Japan), Longteng Special Steel (China), Jinan Xinte (China), Shandong Huamin (China), Jinchi Steel Ball (China), Christian Pfeiffer (Germany), AIA Engeenering (India), The Steel Ball Company (United Kingdom), STR Industries LTD (United States) and OPS Diagnostics LLC (United States). Analyst at AMA Research see China Vendors to retain maximum share of Global Grinding Balls market by 2026. Considering Market by Shape, the sub-segment i.e. Sphere will boost the Grinding Balls market. Considering Market by Color, the sub-segment i.e. White will boost the Grinding Balls market. Considering Market by Material, the sub-segment i.e. Steel will boost the Grinding Balls market. Considering Market by Diameter, the sub-segment i.e. 5 mm will boost the Grinding Balls market. Considering Market by End User, the sub-segment i.e. Coal Industry will boost the Grinding Balls market.
In December 2016, Magotteaux International South Africa, provider of mining solutions entered into a joint venture with Jiangyin Xingcheng special steel work co. ltd, manufacturer of steel products for the production and commercialization of forged grinding balls. and In November 2015, Evraz, a manufacturer of steel products signed five years agreement with metalloinvest, a manufacturer of iron ore products for supplying of steel grinding balls.
What Can be Explored with the Grinding Balls Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Grinding Balls Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Grinding Balls
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Grinding Balls market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Grinding Balls market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Grinding Balls Providers, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End Use Industry.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.