Grinding Media Market Intelligence

Grinding Media Market Description

In South America, copper and gold grades are expected to decline by 21 percent and 18 percent respectively, which will significantly drive up the usage for grinding media. Mining constitutes approximately 80 percent of grinding media’s end use. The strip ratio of the copper ore has been on a continuous decline, thus implying a higher demand for mining and grinding media. Factors such as a rise in the mineral production output coupled with an increased demand for key commodities, such as copper, gold, and iron ore will drive demand in the global market. In addition to this, the declining mineral head grades continue to increase the amount of oil to be mined, which in turn will lead to an increased utilization of grinding media in mineral processing.

The report also provides a regional market outlook of grinding media in areas such as North America, South America, China, India, and Australia, along with Porter’s Five Forces Analysis on factors such as supplier power, buyer power, barriers to new entrants, the intensity of rivalry, and the threat of substitutes. It also gives an overview of the global supplier landscape, followed by descriptive profiles on key suppliers such as Moly-Cop, Magotteaux, ME Elecmetal, AIA Engineering, and GMSA.

Beroe gathers intelligence through primary sources that include industry experts, researchers, and consultants, as well as current suppliers, producers and distributors. Secondary sources can include business journals, newsletters, magazines, market research data, company sources, and industry associations. Following data collation, analysis, and strategic review, the Final Research Report is published on Beroe LiVE.

Report Coverage

Market Driver-Commodity Price
Key Global Supplier Profiles
Cost Driver Analysis
Price Driver Analysis-Steel HRC and Electricity

Grinding Media Market Trend, Analysis & Forecast

Category Intelligence on Grinding Media covers the following

Information relating to market, supply, cost, and pricing analysis
Hard to find data on cost and TCO models, supplier details, and performance benchmarks
Macroeconomic and regional trends impacting cost, supply, and other market dynamics
Category-specific negotiation and sourcing advice

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Executive Summary

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Market Analysis

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Supply Analysis

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Cost & Pricing Analysis

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Best Practices

Global Market Outlook on Grinding Media

The demand for global GM is expected to grow at the rate of 3–3.5 percent from 2017 to 2019, owing to increase in mining activity, fueling the growth of GM
The global GM major growth is expected to come from gold and non-ferrous metal segments. The gold production is expected to grow by about 7 percent during 2014–2019

grinding-media-equipment-market-size

The global GM market is expected to grow at a CAGR of 3-3.5 percent between 2017 and 2019, owing to the constant rise in mineral production output, coupled with the increased demand for key commodities, such as copper, gold, and iron ore
Mining constitutes to around 80 percent of GM’s end use. Strip ratio of Copper ore has been falling consistently, implying higher mining/GM demand

Global GM Drivers and Constraints

The constant rise in commodity demand, coupled with declining ore head grades, is the key driver of GM consumption rate in the mining industry
In South America, copper and gold head grades are expected to decline by 21 percent and 18 percent, respectively, during 2014–2024, which will drive up the GM usage in the region

Drivers

Increase in Mining Activity

Gradual increase in mining activities in the key global markets will drive up the demand for ore processing, in turn, the demand for GM
Global gold ore milled is expected to grow at a CAGR of ~6 percent during 2014–2019

Decline in Ore Head Grades

Declining mineral head grades increases the amount of ore to be milled, which results in increased utilization of GM in mineral processing

Constraints

Decrease in Commodity Prices

China accounts for around 40–50 percent of the global commodity demand
Slowdown in the Chinese economy has adversely affected the commodity prices, thereby deteriorating the demand for GM

Slowdown in the Cement Market

The cement industry is one of the key consumers of GM. It is largely driven by similar macroeconomic factors driving the mining market, which has negatively affected the cement industry as well
Global cement demand is expected to slowdown, owing to China’s economic slowdown

Market Driver –Commodity Price

Prices of key commodities are the best indicators of mining activities and which, in turn, evinces the demand for GM
In Q4 2018, from October 2018 to November 2018, apart from iron ore and copper (which is expected to increase by an average of 5–6 percent, average commodity prices for the rest are expected to decrease by an average of 3–4 percent compared to the last quarters’ average
Demand for commodities increased tremendously, as the economy recovered from the economic recession in 2009. 2010 and 2011 saw a boom in mining activity, due to high demand for raw materials
Late 2013 and 2014 witnessed a slowdown in mining, resulting in the reduced demand for GM
Again, 2014–2015 witnessed reduced demand; however, it is expected to uptrend in the coming years. The average commodity prices for the rest are expected to decrease by 8–9 percent in H1 2019 compared to same period in the previous year