Market Opportunity
Rising use of HPGR in hard rock mining can present lucrative growth opportunities
HPGR is becoming increasingly popular for hard rock treatment due to rising energy and steel media costs. Furthermore, the advent of wear abetment technology and significant design enhancements has led to successful implementations and pilot demonstrations HPGR on extremely tough ores. HPGR pilot plant demonstrations at the Newmont Lone Tree gold mine in Nevada, the U.S. in 2009, the Boddington Gold Project in Western Australia in 2010, and the use of HPGR technology by the mining company Anglo American Platinum PPL at its Mogalakwena platinum mine are some such instances.
Base metal liberation segment can provide major business opportunities
HPGRs are majorly operational in diamond mines and iron ores. However, it is used in combination with ball mills or as a standalone device, it can offer numerous advantages such as fineness, quality of the ultimate product, and improved throughput. Hence, the HPGR comminution solution is expected to witness significant growth in base metal liberation. It can help in mining metals such as copper, nickel, lead, and nickel.
Market Restraint
High capital cost associated with HPGR is expected to restrain growth of the global high pressure grinding roller (HPGR) market during the forecast period
Installing HPGR system requires a significant capital investment. It has been observed that HPGRs can lead to increased material handling and it also generates increased quantity of dust. Thus, these factors are expected to restrain growth of the global high pressure grinding roller (HPGR) market during the forecast period.
Constant maintenance is expected to hinder the global high pressure grinding roller (HPGR) market growth over the forecast period
Although HPGR system offers numerous advantages, it still requires frequent maintenance and repair operations. Furthermore, frequent maintenance and repair operations can increase the overall cost of the entire system, which in turn, is expected to hinder the global high pressure grinding roller (HPGR) market growth in the near future.
Growth Drivers:
High Pressure Grinding Roller (HPGR) Market Report Snapshots
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