Global Forged Steel Grinding Media Market Research Report 2021

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.

Market Analysis and Insights: Global Forged Steel Grinding Media Market
The global Forged Steel Grinding Media market was valued at US$ XX million in 2019 and it is expected to reach US$ XX million by the end of 2026, growing at a CAGR of XX% during 2021-2026.

Global Forged Steel Grinding Media Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

Global Forged Steel Grinding Media Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.


Segment by Type
Forged Steel Grinding Ball
Forged Steel Grinding Cylpeb


Segment by Application
Mineral Dressing
Thermal Power Plant
Chemical Engineering


By Company
Longteng Special Steel
Oriental Casting and Forging
Sheng Ye Grinding Ball
Shandong Huamin
Jinan Huafu
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
Zhangqiu Taitou
Sanxing Steel Ball
Taishan Steel Ball
Ningjin Huanqiu Casting
Qingzhou Huahong

Production by Region
North America
Europe
China
Japan

Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E