May 18, 2024
High Pressure Grinding Roller (HPGR) Market

The High Pressure Grinding Roller (HPGR) Market Is Estimated To Witness Growth Due To Rising Mining Activities & Government Support For Infrastructure Development

The High Pressure Grinding Roller (HPGR) Market is estimated to be valued at US$ 377.5 Mn in 2022 and is expected to exhibit a CAGR of 6.8% over the forecast period 2022-2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

High pressure grinding roller (HPGR) is a technology that is used in mineral processing and mining industries for size reduction and grinding of raw materials. HPGR uses opposing rollers to apply high-pressure load to crush material fed between its rollers. It is mainly used for size reduction in mineral processing operations and helps to reduce grinding costs.

Market Dynamics:

The growth of the global high pressure grinding roller market is majorly driven by rising mining activities across the globe. Growing infrastructure development projects by governments worldwide also contributes to the market growth. Rising demand for commodities such as iron ore, coal, bauxite, copper ore, and others from various end-use industries propels the mining industry growth, which in turn support the HPGR market expansion. For instance, according to the World Bank data, the value of world merchandise exports increased from US$ 19 trillion in 2015 to US$ 28 trillion in 2021. Additionally, growing focus on reducing operating costs in mining industry positively impacts the adoption of HPGR systems for more efficient grinding and processing of raw materials. However, high installation and maintenance costs associated with HPGR systems limits their widespread adoption.

Segment Analysis

The global High Pressure Grinding Roller (HPGR) market is dominated by two major segments – new installation and replacement. The new installation segment currently holds around 60% of the total market share owing to rising demand from mining industries for efficient comminution processes.

PEST Analysis

Political: Government regulations regarding mining operations and environmental protection are driving the demand for efficient comminution technologies like HPGR.
Economic: Strong economic growth in emerging nations is boosting mining activities. Growing investments in mineral processing plants are fueling the HPGR market growth.
Social: Rising awareness about sustainable mining practices and need to reduce environmental footprint of commodity production is positively impacting the sales of HPGR systems.
Technological: Continuous technological advancements to enhance throughput, efficiency, and durability of HPGR machines by major vendors are further expanding the application areas of these systems.

Key Takeaways

The global High Pressure Grinding Roller (HPGR) Market Share is expected to witness high growth, exhibiting CAGR of 6.8% over the forecast period, due to increasing demand for energy-efficient and environment-friendly comminution solutions from mining and mineral processing industries.

Regional analysis: Asia Pacific region currently dominates the HPGR market with over 35% share owing to robust mining activities and rapid industrialization in major countries like China, India, and Australia. The APAC region is expected to remain the fastest growing market during the study period.

Key players: Key players operating in the High Pressure Grinding Roller (HPGR) market are FLSmidth & Co. A/S, Metso Oyj, Koppern Group, CITIC Heavy Industries Co. Ltd. (CITIC HIC), ThyssenKrupp Industrial Solutions AG (Polysius AG), SGS S.A., KHD Humboldt Wedag International AG, Outotec Oyj, and ABB Ltd. These players are focusing on new product launches and partnerships with mineral processing plants to strengthen their market presence.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it