Forged Steel Grinding Media Market Size By Product (Forged Steel Grinding Ball and Forged Steel Grinding Cylpeb), By Application (Thermal Power Plant, Mineral Dressing, Chemical Engineering, and Others), By Geographic Scope And Forecast

Forged Steel Grinding Media Market Size And Forecast

Forged Steel Grinding Media Market size was valued at USD 5.933 Billion in 2024 and is projected to reach USD 8.635 Billion by 2031, growing at a CAGR of 4.38% during the forecast period 2024-2031.

Global demand for forged steel grinding medias is growing as a result of superior properties by the forged steel balls. Superior properties offered by forged steel balls boost the growth of the global forged steel grinding media market. The Global Forged Steel Grinding Media Market provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

What is Forged Steel Grinding Media?

Forged steel grinding media is referred to as the steel balls made either through skew rolling or (hammer/stamp) forging. Grinding media are materials used in mills to grind or crush materials such that the intended contained content can be recovered. Grinding rods, grinding balls, ceramic cylinders, and grinding cylpebs are just a few of the shapes it can take. An industrial grinder known as a ball mill is used to mix or grind materials. It makes reference to a cylindrical instrument that is used to grind materials like glass, steel, iron ores, ceramic raw materials, etc. The “balls” are the grinding media, which can be made of steel, rubber, ceramic, etc. Ball mills use a horizontal axis to spin a mixture of the material to be treated and the grinding media. Carbon and iron alloys are the primary components of steel ball grinding media. Steel grinding media can be divided into two main categoriescast steel balls and forged steel balls. While forged steel balls are corrosion-resistant and suitable for large mines, wet grinding, and thermal power plants, cast steel balls are heat-resistant and excellent for dry grinding, such as in the ball grinder in a cement plant.

Global Forged Steel Grinding Media Market Overview

Global demand for forged steel grinding medias is growing as a result of superior properties by the forged steel balls. Superior properties offered by forged steel balls boost the growth of the global forged steel grinding media market. Excellent impact toughness, a low breaking rate, homogeneous hardness throughout the ball, and high wear resistance are the major characteristics of forged steel balls. This material offers far stronger resistance to both stains and rust and was developed to solve classic steel difficulties with corrosion. Forged steel grinding media are becoming more popular due to a variety of factors, such as process stability, reduced tooling costs, and the ability to produce large surface finishes quickly.

High-quality alloy steels or stainless steel and carbon make up forged steel balls. Expanding application areas of steel grinding media including mining, chemical engineering, paper & mill, and others is driving the market growth. Rise in the mineral mining activities for the precious metals for its use in several industries is contributing in the market growth. Significant investment in the mineral mining and exploration activities to increase extraction of metals is fueling the growth of the market. Further, the global market is being driven by the expanding manufacturing sector in the Asia Pacific region as a result of rapid industrialization.

The market growth is mainly hampered due to availability of substitute products like ceramic balls and high chromium cast irons (HCCIs) to the forged steel grinding media. Steel mills employ steel grinding walls, porcelain or ceramic lined mills use ceramic balls, and elastomer lined mills use steel, ceramic, or other high density media. In tiny mills, among others in the chemical and food industries, it is occasionally employed.

Global Forged Steel Grinding Media MarketSegmentation Analysis

The Global Forged Steel Grinding Media Market is segmented on the basis of Product, Application, Steel Grade and geography.

Forged Steel Grinding Media Market by Product

• Forged Steel Grinding Ball
• Forged Steel Grinding Cylpeb

To Learn More About The Market By Product

Based on Product, the market is segmented into Forged Steel Grinding Ball and Forged Steel Grinding Cylpeb. Out of which, Forged Steel Grinding Ball secured the leading rank in 2021 and is projected to show promising growth in the years to come. Due to this, these balls are extensively used in various applications such as metallurgy and mining. In addition to this, they find applications in cement plants, coal power plants, the chemical industry, and others.

Forged Steel Grinding Media Market by Application

• Thermal Power Plant
• Mineral Dressing
• Chemical Engineering
• Others

On the basis of application, the Global Forged steel grinding media Market has been segmented into Mineral Dressing, Thermal Power Plant , Chemical Engineering and Others. In 2021, the Mineral Dressing segment accounted for highest market share and is projected to grow at a rapid pace in the years to come. The grinding media is used mostly in the mining sector to extract and grind precious metals or non-metals from the ore. The requirement for ore extraction using grinding media is being driven by the rising global demand for different metals. Global ore extraction activities are seeing an increase in investment, which is driving the use of steel grinding media.

Forged Steel Grinding Media Market by Steel Grade

• Medium Carbon Steel
• Low Carbon Steel
• High Carbon Steel
• Very High (Ultra) Carbon Steel

To Learn More About The Market By Steel Grade

Based on steel grade, the market is segmented into Medium Carbon Steel, Low Carbon Steel, High Carbon Steel and Very High (Ultra) Carbon Steel. In 2021, the Medium Carbon Steel emerged as the leading product accounting for over 35% whereas high carbon steel is expected to show fastest growth rate in the years to follow. Medium carbon steel grade is used for making rails and railroad wheels. The majority of the time, it is used to create forgings and machine parts such shafts, axles, gears, crankshafts, couplings, and forgings. Medium-carbon steels are most frequently used when a construction or product requires stronger mechanical properties.

Forged Steel Grinding Media Market by Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

To Learn More About The Market By Geography

On the basis of regional analysis, the Global Forged steel grinding media Market is classified into North America, Europe, Asia Pacific and Rest of the world. Asia-Pacific has emerged as the leading region in the Forged steel grinding media market followed by North America. In 2021, Asia-Pacific accounted for more than 45% of the total market. The key factor pushing the sales of forged steel grinding media in Asia-Pacific is due to due to the increasing production of forged steel grinding media products and the rising supply of raw materials required for forged steel grinding media. Growing production and consumption of steel and steel products in China is key contributing factor in the Asia’s forged steel grinding media market.

Key Players

The major players in the market are Molycop, ME Elecmetal, Magotteaux, Shandong Jinchi Heavy Industry Joint-stock Co., LTD, AIA Engineering Ltd., Shandong Huamin Steel Ball Joint-stock Co., LTD, Tai’an City Taishan Steel Ball Factory, Oriental Casting and Forging Co., Ltd, LongTeng Special Steel Co., Ltd, Shandong Shengye Grinding Ball Co., Ltd.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmark and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• MolyCop announced the acquisition of the Metso grinding media business division. The agreement between the company also includes the sale of Metso Spain Holding, S.L.U, including operations in two locations comprising around 80 employees in Spain (Bilbao and Seville).
• ME Elecmetal expanded its geographic presence by opening ME Long Teng Grinding Media (Zambia) Limited in Lusaka, Zambia. The new plant was constructed to manufacture grinding balls to serve African clients.
• Magotteaux stated that it has reached an agreement with Industrial Development Corporation extending their partnership regarding Grinding Media South Africa (GMSA). GMSA is a subsidiary of Scaw Metals, specializes in the manufacturing and design of grinding balls.

Report Scope

Research Methodology of Market Research

<img alt="Research Methodology of " class="lazyloaded aligncenter wp-image-73269 size-full" data-lazy-sizes="(max-width2084px) 100vw, 2084px" data-lazy-src="https//www.marketresearch.com/wp-content/uploads/2020/10/Research-Methodology-.jpg" data-lazy-srcset="https//www.marketresearch.com/wp-content/uploads/2020/10/Research-Methodology-.jpg 2084w, https//www.marketresearch.com/wp-content/uploads/2020/10/Research-Methodology--100x180.jpg 100w, https//www.marketresearch.com/wp-content/uploads/2020/10/Research-Methodology--167x300.jpg 167w, https//www.marketresearch.com/wp-content/uploads/2020/10/Research-Methodology--768x1382.jpg 768w, https//www.marketresearch.com/wp-content/uploads/2020/10/Research-Methodology--569x1024.jpg 569w, https//www.marketresearch.com/wp-content/uploads/2020/10/Research-Methodology--81x146.jpg 81w, https//www.marketresearch.com/wp-content/uploads/2020/10/Research-Methodology--28x50.jpg 28w, https//www.marketresearch.com/wp-content/uploads/2020/10/Research-Methodology--42x75.jpg 42w, https//www.marketresearch.com/wp-content/uploads/2020/10/Research-Methodology--600x1080.jpg 600w" data-was-processed="true" decoding="async" height="3751" sizes="(max-width2084px) 100vw, 2084px" src="https//www.marketresearch.com/wp-content/uploads/2020/10/Research-Methodology-.jpg" srcset="https//www.marketresearch.com/wp-content/uploads/2020/10/Research-Methodology-.jpg 2084w, https//www.marketresearch.com/wp-content/uploads/2020/10/Research-Methodology--100x180.jpg 100w, https//www.marketresearch.com/wp-content/uploads/2020/10/Research-Methodology--167x300.jpg 167w, https//www.marketresearch.co