Press Release

Global High Chrome Mill Internals (HCMIs) Market is Expected to Reach 2,820 million USD by 2025

Date : Aug 20, 2018

High chrome mill internals (HCMIs) such as grinding media, heat resistance castings, diaphragm, etc. They are critical components for grinding operations used extensively in cement and thermal power plants. With significant cost savings achieved (~30-40%) through lower wear rate, increased productivity and lower power consumption, HCMIs are increasingly making inroads into the mining sector. This has, till now, been served by forged media (manganese steel, nihard iron, hyper steel and forged steel internals). Applications of HCMI differ in all three segments as the cement sector has most diversified applications of HCMIs across the production process (limestone crusher, coal mill, raw mill and cement finishing mill) while segments like utilities require HCMI application for crushing and grinding coal.

High Chrome Mill Internals (HCMIs) are wear-resistant products which are used as wear parts in the crushing / grinding operations in the mills/plants of Cement, Mining and Utility industries.

In this report, we research and analyze the high chrome grinding balls, high chromium alloy casting, liners (bolted and boltless) and diaphragms; especially the high chrome grinding balls, high chromium alloy casting.

The High Chrome Mill Internals (HCMIs) industry was 1,033 million USD in 2017 and is projected to reach USD 2,820 million USD by 2025, at a CAGR (Compounded Annual Growth Rate) of 13.36% between 2017 and 2025. The market is driven by various end-user industries, such as cement industries, mining industries, utility industries and so on.

The cement industry immensely relies on construction and building activities. Concrete and mortar are two of the most common products in the construction industry that use cement as a major ingredient. Any escalation in the global construction or building activities will spur the market largely. Other factors that could influence the rise in the worldwide market include escalating number of nuclear families, rising need for accommodation, development in technology, and excessive disposable income.

The HCMI market is mainly dominated by two key players i.e. Magotteaux (Belgium) and AIA (India). Other key players in this market include:

  • Anhui Province Fengxing Wear-resistant Materials
  • Ningguo Dongfang Wear-Resistant Material
  • CNBM Ningguo Xinma Wear-resistant
  • Fundiciones del Estanda
  • Christian Pfeiffer
  • Hunan Hongyu Wear-Resistant New Materials
  • Anhui Ningguo Ninghu Steel Ball

The industry is a mature one, which has entered the post-competition phase into a brand-creating era, whereby competition will turn from pure price competition to multi-faceted brand competition consisting of service, management and shopping environment.

With almost 80% penetration achieved for HCMI in cement space, the mining segment provides next leg up for HCMI players. It is estimated that at least 1.2 MTPA mining segment volumes for mill internals can be converted from forged media into HCMI, going ahead.

Replacement demand accounts for ~85-90% of the total global demand for HCMI due to the high wear and tear rate of mill internals such as grinding media, which needs to be replaced every 30 days and forms ~80% of the total global (ex-China) replacement demand. The remaining demand comes from other mill internals such as liners and diaphragm that need to be replaced every two or three years.

Rapid industrialization has led to increased disposable income and is a major factor for the growth of the High Chrome Mill Internals (HCMIs) market in Asia Pacific, especially in China. A critical factor for growth in China is availability of raw materials at lower prices coupled with the presence of large number of suppliers and producers. The Chinese economy maintains a high speed growth which has been stimulated by the consecutive increases of industrial output, imports & exports, consumer consumption and capital investment for over two decades.

The Global High Chrome Mill Internals (HCMIs) Market Research Report 2018 report released by Global QYResearch provides a basic overview of the High Chrome Mill Internals (HCMIs) industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures.

The report then focuses on major industry players in Global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the High Chrome Mill Internals (HCMIs) industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.

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