High Pressure Grinding Roller (HPGR) Market Driven by Rising Demand in Mining Industry & Advent of Autogenous Grinding Technology

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 used for size reduction of raw materials in mining and mineral processing industries. It compacts materials using very high pressure, resulting in smaller and more uniform particle size distribution. HPGRs are used for dimensional stone, mining, natural stone, and abrasives applications. The grinding chamber allows material to pass through only once which reduces abrasion and wears on equipment compared to multi-pass crushing equipment like ball mills.

Market Dynamics:
The global HPGR market is driven by the rising need for size reduction of ores in mining industry and growing adoption of autogenous grinding technology. Mining industries require size reduction equipment to efficiently process ores containing valuable minerals. HPGRs are preferred over traditional crushers due to their lower capital and operating costs along with higher throughput. Furthermore, adoption of autogenous grinding technology which utilizes grinding media like ore itself is increasing. Autogenous grinding with HPGR results in energy savings of around 30-50% compared to conventional crushing and grinding circuits. This drives demand for HPGRs globally. Additionally, manufacturers are focusing on development of new HPGR models with advanced sensors and IoT capabilities for remote monitoring and predictive maintenance, further propelling the market growth.

SWOT Analysis
Strength: – HPGR technology helps in reducing energy and operating costs. Its adjustable compression forces allow achieving higher throughput rates.- HPGR provides enhanced liberation at finer sizes reducing the need for regrinding. This leads to increase in throughput. – HPGR machines have longer lifetime and require less maintenance due to fewer movable parts as compared to other comminution equipment.
Weakness: – Initial capital cost of HPGR equipment is high compared to other comminution equipment. – Transition from other comminution circuits to HPGR circuit requires thorough process evaluation and adjustments.
Opportunity: – Growing cement and mining industries worldwide present huge opportunities for HPGR adoption as these industries aim for cost reductions.- Increasing mining of complex, hard rock ores will boost HPGR demand as these machines aid efficient processing of such feed.
Threats: – Availability of inexpensive alternatives like SAG and ball mills poses threat to HPGR adoption.- Economic slowdowns can dampen capital expenditure on new comminution equipment.

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 from mining and cement industries for cost-efficient comminution solutions.

Regional analysis
North America dominated the HPGR market in 2021 led by strong presence of mining industry in countries like Canada and USA. However, Asia Pacific is anticipated to be the fastest growing region owing to rising mineral extraction and cement production in China and India. Key players like Metso Oyj and CITIC HIC have established robust sales and service networks across Asia to cater to growing regional demand.
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 capacity expansions and new product launches to consolidate their position in the market.

Read More,

https://www.newsstatix.com/the-high-pressure-grinding-roller-market-trends-size-and-share-analysis/

21 thoughts on “High Pressure Grinding Roller (HPGR) Market Driven by Rising Demand in Mining Industry & Advent of Autogenous Grinding Technology”

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