Global Garage Door Opener Market Research Report 2016 Global grinding media market analysis

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What factors could be the growth drives and risks to the demand of grinding media? Lu Jing
explains competitiveness in the Global grinding media consumption market:
Global grinding media demand continues its remarkable growth, while this era of increasing
demand is also one of robust supply.
Global market for grinding media is estimated at 8.11 million tons, valued at USD 7.08 billion in
2016 and expected to reach 11.07 million tons by 2022, growing at CAGRs of over 5.03% in
terms of production volume. Grinding media market shows stable growth due to its widespread
use in the mining and metallurgy industries, which together account for about 80% of global
product consumption.
Global grinding media consumption and production market, by geography is segmented into
China, USA, Europe, South America, South Africa, Asia (Ex. China), Australia and the rest of
world. China belongs to the larger consumer, more than 45% of global consumption in 2015. As
for main production countries, it is estimated that China accounted 53% of global grinding media
output in 2015, while Europe, South America ranked second position with about 9% share,
respectively.
Grinding media has a wide range of application such as cement, mining & metallurgy, power plant,
chemical engineering, ceramic & coating, papermaking industry, magnetic materials. And we give the
consumption share in these fields in 2015.
Table 2015 Consumption of Grinding Media for Different Applications
No.
1
Industry
Applications
Mining and Total
Metallurgy consumption
Milling Amount
(millions of tonnes)
-
Grinding Media Wear rate(kg of
Consumption grinding media per
(K MT) ton)
6592.5
(In consideration of
-