Global grinding media demand is expected to grow from 8.11 million tons in 2016 to 11.07 million tons in 2022, driven by widespread use in mining and metallurgy industries which account for 80% of consumption. China is the largest consumer and producer, accounting for over 45% of global consumption and 53% of production in 2015. However, the mining and metallurgy market and cement industry, which are major consumers, face risks from fluctuating metal prices and overcapacity pressures.

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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.

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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.
Grindingmediahasa widerangeof application such ascement,mining& metallurgy,power plant,
chemical engineering,ceramic& coating,papermakingindustry,magnetic materials.And wegivethe
consumption shareinthesefieldsin 2015.
Table2015 Consumptionof GrindingMedia forDifferentApplications
No. Industry Applications
Milling Amount
(millions of tonnes)
Grinding Media
Consumption
(K MT)
Wear rate(kg of
grinding media per
ton)
0.00%
1.00%
2.00%
3.00%
4.00%
5.00%
6.00%
7.00%
0
1000
2000
3000
4000
5000
6000
7000
8000
9000
2012 2013 2014 2015 2016 2017E
World Demand of Grinding Media Continues to Grow
Global Consumption (K MT) Growth Rate

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1
Mining and
Metallurgy
Total
consumption
(K MT)
-
6592.5
(In consideration of
Metallurgy, the total
consumption in this
sector would be larger
than Ore converted
amount)
-
Iron Ore 3300 2310 0.7
Copper Ore 2500 1750 0.7
Gold Ore 800 640 0.8
2 Cement
Total
consumption
(K MT)
-
416.1
(In consideration of
coal combustion in
cement plant,the total
consumption in this
sector would be larger
than cement converted
amount)
-
Cement milling
andcoal milling
4100 410 0.1
3 Power Plant
Total
consumption
(K MT)
283.5
Coal milling 2800 224 0.08
4 Others
Total
consumption
(K MT)
-
543.3 (Including
chemical use, ceramic
& coating,
papermakingindustry,
magnetic materials,
etc.)
-
5
Total consumption
(K MT)
- - 7835.4 -

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Mining and Metallurgy Market face
The market of mining and metallurgy has been through difficult years due to the downward
trending price of major metal products. Since the beginning of 2017, the average price of metal
has noticeable increase compared with past two year, which helped mining vendors regaining
profit and increase purchase of grinding media.
Cement
Cement industry is a major consumer of high chrome grinding media. Owning to the overcapacity
and environmental pressures, cement industry has been through quite harsh years since 2015.
Currently, China controls 57% of global cement supply, but the country has been trying hard to
reorganize its local market and control supply. Until now, important merges and acquisitions has
been completed.
The demand in cement industry comes from real estate demand. In consideration, of population
growth and macro entomic situation, the demand cement would be stay weak in the coming
33
23
5
0
5
10
15
20
25
30
35
2014 2015 2016
Merges and Acquisitions in China Cement Industry

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years.
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