Global Ball Mill Market 2018-2022
About Ball Mill
Ball mills are grinders that are used to pulverize and homogenize materials for use in paints, mineral dressing processes, cement, and laser sintering. A ball mill primarily facilitates the grinding process with the help of constantly rotating balls placed within a cylindrical vessel. The balls are made of stainless steel or rubber, which actuate the grinding operation.
Technavio’s analysts forecast the global ball mill market to grow at a CAGR of 5.34% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global ball mill market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Ball Mill Market 2018-2022
Technavio recognizes the following companies as the key players in the global ball mill market: CITIC, FLSmidth, FURUKAWA, HOSOKAWA ALPINE, Metso, and Thyssenkrupp.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is application of variable frequency drives (VFDs) in secondary grinding. With the growing construction projects across the globe, ball mill designers are encouraging the incorporation of advanced technologies including variable frequency drives (VFDs) in the secondary grinding process.”
According to the report, one driver in the market is low interest rates intensifying construction projects. With rising investments in the infrastructure sector across both advanced and emerging regions, the construction industry’ scope for growth has increased considerably in the recent years. Furthermore, the manufacturing and mining sectors are also growing at an exponential rate, further, boosting the construction projects.
Further, the report states that one challenge in the market is poor outlook of mining industry. Ball mills are widely used in the metal industry for homogenizing various ores such as bauxite and copper. Therefore, the global ball mill market is susceptible to the demand-supply changes that take place in the global metal mining industry.