The global Vertical Roller Mill market size is projected to reach US$ 800 million by 2030, from US$ 560 million in 2020, at a CAGR of 3.5% during 2021-2030.
Vertical roller mill is a type of grinder used to grind materials into extremely fine powder for use in mineral dressing processes, paints, pyrotechnics, cements and ceramics. It is an energy efficient alternative for a ball mill.
Grinding of raw materials requires considerable energy. In the tube mills that were used for grinding, energy efficiency levels were low. Therefore, the vertical roller mill has been introduced in the market. The vertical roller mill has the installation space is smaller compared with tube mills and it has high energy efficiency. The vertical roller mill is a kind of crushing equipment which saves energy and is highly efficient. Vertical roller mills have integrated the crushing and grading into a single whole, satisfying the requirements of the consumers. The key purpose of a vertical rolling machine is to perform the powder crushing manufacturing of materials such as kaolin, calcite, wollastonite, feldspar, limestone, glaze, fluorite, light dry stone coal, potassium salt slag, vermiculite, barite, slag, mica, brucite, spores, garnet, quartz, etc. Vertical roller mills can also be used in non-metal mining areas with Mohs hardness of less than seven degree, such as in mining metallurgy, electronics, chemical industry, food, medicine, agriculture, daily chemicals, buildings, and so on.
The vertical roller mill market is anticipated to expand at a good growth rate in the coming years. Increase in usage of vertical mills in various industries such as cement, coal, slag grinding, desulfurization industry, etc. due to rapid industrialization and technological advancements in mill manufacturing technologies and processing equipment are the key trends propelling the vertical roller mill market. The environment friendly nature of vertical roller mills in terms of recyclability and low waste generation is a driving factor for the adoption of vertical roller mills. Demand for manufactured industrial products with high precision finish in end-use industries is likely to boost sales of vertical roller mills. Moreover, rise in demand for superior quality products and computer numerical control (CNC) machines worldwide are expected to fuel the market. Additionally, advancements in ongoing research & development activities to develop innovative, effective, and cheaper vertical roller mills is anticipated to propel the market. However, increasing competition from substitutes and fluctuations in prices of raw materials are some factors that are anticipated to limit the expansion of the market. Another restraining factor for the vertical roller mill market is the maintenance and repair of vertical roller mills which is highly technical and specialized, and which should be performed by experts with experience gained from repairs worldwide. Asia Pacific is expected to be a prominent region of the vertical roller mill market due to rise in income of people living in urban areas, rapid urbanization, and significant rise in industrial applications in the last few years.
The research methodology is a combination of primary research secondary research and expert panel reviews. Secondary research includes sources such as press releases company annual reports and research papers related to the industry. Other sources include industry magazines, trade journals, government websites and associations were can also be reviewed for gathering precise data on opportunities for business expansions in Global Vertical Roller Mill Market.
Primary research involves telephonic interviewsvarious industry experts on acceptance of appointment for conducting telephonic interviewssending questionnaire through emails (e-mail interactions) and in some cases face-to-face interactions for a more detailed and unbiased review on the Global Vertical Roller Mill Market, across various geographies. Primary interviews are usually carried out on an ongoing basis with industry experts in order to get recent understandings of the market and authenticate the existing analysis of the data. Primary interviews offer information on important factors such as market trends market size, competitive landscapegrowth trends, outlook etc. These factors help to authenticate as well as reinforce the secondary research findings and also help to develop the analysis team’s understanding of the market.
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Some of the key operating players in the vertical roller mill market are Loesche GmbH, Danobat Group, Gebr. Pfeiffer SE,GBM, Flsmidth, ALSTOM Power, Bestall-Sharp Group, Nicolás Correa S.A., Shanghai SUAMG Company,UBE MACHINERY CORPORATION,LTD.,CHIRON Werke, Kawasaki, Fryer Machine Systems, Dalian Machine Tool Group, NHI,EMCO, Citic Heavy Industry, DMG MORI, F.Zimmermann, GILDEMEISTER, GF Machining solutions, Shenyang Machine Tools, Yamazaki Mazak, Bridgeport, Doosan Machine Tools, Eumach, FERMAT, Fidia, Fuji Machines, Gleason, and GROB GROUP. Players in the vertical roller mill market focus on acquisitions & mergers and business alliances. Active players in the vertical roller mill market also focus on innovative technology.
|Market Size||US$ 800 Million by 2030|
|Growth Rate||CAGR of 3.5% From 2021-2030|
|Historic Data||2017 to 2020|
|Forecast Period||2021 to 2030|
|Segments Covered||Product, Type, Application, Material|
|Regional Scope||North America, Latin America, Europe, Asia Pacific, MEA|
|Companies Mentioned||Loesche GmbH, Danobat Group, Gebr. Pfeiffer SE, GBM, Flsmidth, ALSTOM Power, Bestall-Sharp Group, Nicolás Correa S.A., Shanghai SUAMG Company, UBE MACHINERY CORPORATION,LTD., CHIRON Werke|
By Product Type
By Material Type
By Region Type
The main objective of this report is to define, describe, and forecast the global market by types, application, manufacturers, and regions. The report provides detailed information about the major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the growth of the market. The report aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and contributions to the global market. The report also attempts to forecast the market size of the 5 main regions: North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It strategically profiles the key market players and comprehensively analyzes their core competencies. It also tracks and analyzes the competitive developments, such as joint ventures, mergers and acquisitions, new developments, and Research and Development (R&D) activities, in market.
Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 100 countries around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the vertical roller mill market in 2020.
COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets.
The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor events restricted; over forty countries state of emergency declared; massive slowing of the supply chain; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about future.
Major highlights of Report:
Geographical landscape: North America, Europe, Asia-Pacific, South America, Middle East and Africa
Major Key Points Covered in Report:
Executive Summary: It includes key trends of the vertical roller mill market related to products, applications, and other crucial factors. It also provides analysis of the competitive landscape and CAGR and market size of the vertical roller mill market based on production and revenue.
Production and Consumption by Region: It covers all regional markets to which the research study relates. Prices and key players in addition to production and consumption in each regional market are discussed.
Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the Vertical roller mill market.
Market Segments: This part of the report discusses about product, application and other segments of the vertical roller mill market based on market share, CAGR, market size, and various other factors.
Research Methodology: This section discusses about the research methodology and approach used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.
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