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 Email: sales@qyresearch.com; Tel: 001-6262952442, 0086-1082945717; http://www.qyresearch.com/