Forged steel grinding media is used to finely grind material to a size which allows recovery of the desired contained material.
Currently, some companies in China can produce forged steel grinding media product, mainly concentrating in Shandong province. The main market players are Longteng Special Steel, Oriental Casting and Forging, Sheng Ye Grinding Ball, Shandong Huamin, Jinan Huafu, etc. The production of forged steel grinding media increased from 1600 K MT in 2011 to 2006 K MT in 2015, with an average growth rate of 6.16%. China forged steel grinding media capacity utilization rate remained at around 67.43% in 2015.
Forged steel grinding media have a wide range of application in the industries of cement, mineral dressing, thermal power, chemical engineering, ceramic & coating, papermaking, magnetic materials, etc. Especially in mineral dressing and thermal power industry, the consumption of the two industries occupied about 74% share of total amount in 2015. The demand for forged steel grinding media is expected to continue increasing during the remaining years of the forecast period of 2017-2022. Forged steel grinding media industry will usher in a stable growth space.
The major raw material for forged steel grinding media is steel. On the China market, supply of raw materials is full. Fluctuations in the price of the upstream product will impact on the production cost of forged steel grinding media industry.
As the same time, companies are focusing on technological innovation, equipment upgrades, and process improvements, to reduce costs and improve quality. During this time, there are some new capacities under construction in forged steel grinding media industry. With the capacity released in the future, the competition in forged steel grinding media industry will become more intense.
We tend to believe this industry is a relative mature industry, and the consumption increasing degree will show a smooth growth curve. For product prices, the slow downward trend in recent years will maintain in the future as competition intensifies. Besides, prices gap between different brands will go narrowing gradually. Also, there will be fluctuation in gross margin.
The global Forged Steel Grinding Media market was xx million US$ in 2018 and is expected to xx million US$ by the end of 2025, growing at a CAGR of xx% between 2019 and 2025.
This report studies the Forged Steel Grinding Media market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Forged Steel Grinding Media in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
Longteng Special Steel
Oriental Casting and Forging
Sheng Ye Grinding Ball
Jinchi Steel Ball
Jinan Daming New Material
Zhengxing Grinding Ball
Dongyuan Steel Ball
Zhangqiu Gudao Steel Ball
Jianzhen Steel Ball
Zhangqiu Ruinian Casting and Forging
Sanxing Steel Ball
Taishan Steel Ball
Ningjin Huanqiu Casting
By the product type, the market is primarily split into
Forged Steel Grinding Ball
Forged Steel Grinding Cylpeb
By the end users/application, this report covers the following segments
Thermal Power Plant
We can also provide the customized separate regional or country-level reports, for the following regions:
Rest of Asia-Pacific
Rest of Europe
Central & South America
Rest of Central & South America
Middle East & Africa
Rest of Middle East & Africa
The study objectives of this report are:
To study and analyze the global Forged Steel Grinding Media market size (value & volume) by company, key regions/countries, products and application, history data from 2014 to 2018, and forecast to 2025.
To understand the structure of Forged Steel Grinding Media market by identifying its various subsegments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global Forged Steel Grinding Media manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Forged Steel Grinding Media with respect to individual growth trends, future prospects, and their contribution to the total market.
To project the value and volume of Forged Steel Grinding Media submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
In this study, the years considered to estimate the market size of Forged Steel Grinding Media are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
This report includes the estimation of market size for value (million USD) and volume (K MT). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Forged Steel Grinding Media market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Raw material suppliers
Regulatory bodies, including government agencies and NGO
Commercial research & development (R&D) institutions
Importers and exporters
Government organizations, research organizations, and consulting firms
Trade associations and industry bodies
With the given market data, QYResearch offers customizations according to the company's specific needs. The following customization options are available for the report:
Further breakdown of Forged Steel Grinding Media market on basis of the key contributing countries.
Detailed analysis and profiling of additional market players.