Global Grinding Media Market Revenue is Expected to Reach $15.23 Billion

Grinding media refers to the substance used to remove excess material on the surface of a material or to make the surface smooth during the grinding process. Its working principle is to remove uneven parts through friction and impact with the material surface, achieving the goal of smoothing, polishing, or changing the surface morphology.

Product Classification Introduction

Classified by morphology

  • Solid grinding media: such as grinding balls (steel balls, aluminum balls, glass balls, etc.) and grinding powders (silicon carbide, aluminum oxide, etc.).
  • Liquid grinding media: such as grinding fluids (water-based, oil-based), polishing fluids, etc.

Classified by material

  • Metal grinding media: such as steel shot, aluminum shot, copper shot, etc.
  • Nonmetallic grinding media: such as glass beads, ceramic beads, plastic beads, etc.
  • Chemical grinding media: such as grinding paste, polishing paste, etc.

Classified by purpose

  • Surface treatment Grinding media: used to remove oxide layers, rust, coatings, etc. from the surface of materials.
  • Polishing and Grinding media: used to improve the smoothness and smoothness of the material surface.
  • Functional grinding media: such as specialized grinding media used for specific processes such as shot peening, grinding, and cutting.

Source: www.globalmarketmonitor.com

Overview of Market Development and Analysis of Market Development in Major Regions
Thanks to the increasing demand for grinding media in industries such as metals, ceramics, and glass, the global grinding media market has shown a steady growth trend in recent years, and the market size has been expanding year by year. According to our research data, the global grinding media market sales volume in 2023 was 10.24 million tons, with a market revenue of $10.71 billion. In the coming years, with the rapid development of the manufacturing industry, especially in some emerging markets, the demand for grinding media will continue to grow. In addition, technological innovation and equipment upgrading will also promote the further development of the grinding media industry. It is expected that by 2028, the global grinding media market sales will reach 14.20 million tons, and the market revenue will increase to $15.23 billion.
From a regional perspective, the Asia Pacific region is the industry's largest revenue market. According to our data, the revenue of the grinding media market in the Asia Pacific region in 2023 was $4.34 billion, with a revenue share of 40.47%. In the future, with the continuous economic development of emerging economies such as China and India, as well as technological innovation driving the continuous increase in downstream demand for grinding media, it is expected that the grinding media market in the Asia Pacific region will continue to maintain rapid growth.
In addition, Europe and North America are also important development markets for grinding media worldwide. In 2023, Europe and North America became the world's second and third-largest revenue markets for grinding media with 22.50% and 19.02% respectively.
Global Grinding Media Market Revenue Forecast and Market Share by Region 

Global Grinding Media Market Revenue Forecast and Market Share by Region
Source: www.globalmarketmonitor.com

For more industry information, please refer to our latest released "Global Grinding Media Market Size will be $4005 Million in 2023".


Beyond Consulting, Future is Feasible

We provide more professional and intelligent market reports to complement your business decisions.