Published Date: 24-Nov-2022
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According to a new report, published by KBV research, The Global High Pressure Grinding Roller (HPGR) Market size is expected to reach $549.1 million by 2028, rising at a market growth of 5.8% CAGR during the forecast period.
The Ferrous Material Processing market is experiencing a CAGR of 6.6% during (2022 - 2028). The extraction of iron and its minerals, including ferromanganese, ferrochrome, ferronickel, ilmenite, and ferroniobium, is a part of the processing of ferrous metals and ferroalloys. In mineral processing, non-ferrous metals such as silver, gold, platinum, copper, lead, pyrite, zinc, and tin are removed. It is necessary to extract precious metals from iron ore. Iron ore is derived from the crust of the earth, which contains metals and metal compounds such as iron oxide.
The Ore & Mineral Processing market is leading the Global High Pressure Grinding Roller (HPGR) Market by End-User in 2021; thereby, achieving a market value of $350.8 million by 2028. Variations in ore texture and mineralogy can have a major impact on the operation of a plant. Automated Mineralogy (AM) is an essential diagnostic tool in extractive metallurgy because it adds ore and particle mineralogical attributes to conventional bulk mass, chemical, and XRD data. AM is utilized in project planning, future mineral investigations, and diagnosing plant problems daily.
The Base Metal Liberation market is anticipated to witness highest CAGR of 9.6% during (2022 - 2028). The base metals nickel, zinc, copper, and lead are utilized in a variety of commercial and industrial applications. Copper, a basic metal, is utilized extensively in infrastructural and electrical applications, whereas nickel and zinc are utilized in iron ore extraction and processing. It is projected that the demand for gold would increase due to its economic, cultural, and emotional worth.
The Asia Pacific market dominated the Global High Pressure Grinding Roller (HPGR) Market by Region in 2021; thereby, achieving a market value of $211.3 million by 2028. The Europe market is poised to grow a CAGR of 5.1% during (2022 - 2028). Additionally, The North America market would witness a CAGR of 4.2% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of ABB Group, SGS S.A., Thyssenkrupp AG (Polysius AG), FLSmidth & Co. A/S, Metso Outotec Corporation, Citic Heavy Industries Co Ltd (CITIC Limited), AGICO, s.r.o., Shanghai Zenith Minerals Co., Ltd, KHD Humboldt Wedag International AG and Maschinenfabrik Köppern GmbH & Co. KG
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