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High Chrome Mill Internals (HCMIs) include operations such as grinding media, diaphragm, heat resistance castings, and so on. They are important constituents for grinding operations used expansively in cement and thermal power plants. With indispensable cost savings obtained through decreased wear rate, augmented productivity, and reduced power utilization, HCMIs are widely paving their paths into the mining sector. Until now, this has been assisted by forged media (manganese steel, hyper steel, and forged steel internals).
Utilization of HCMI vary in all the above-mentioned three segments as the cement sector has wide applications of High Chrome Mill Internals (HCMIs) across the production procedure (limestone crusher, coal mill, raw mill, and cement finishing mill) while segments, such as utilities, necessitate HCMI application for crushing and grinding coal.
Business Research Insights states that the global high Chrome Mill Internals (HCMIs) market size was USD 1,237.7 million in 2019 and is projected to reach USD 2,277.4 million by 2026, displaying a CAGR of 9.0% during the forecast period.
Impact of COVID-19 on the Market
The unparalleled event of the COVID-19 pandemic resulted in the implementation of severe lockdown guidelines across numerous countries leading to interruptions in import and export activities of High Chrome Mill Internals (HCMIs).
The COVID-19 pandemic has impacted the global economy in three major directions by openly affecting manufacturing and demand, by creating supply chain and market interruption, and by its economic influence on firms and financial markets.
Below stated are the top 10 High Chrome Mill Internals (HCMIs) players in the industry:
1. Magotteaux
Magotteaux is a pioneer in process optimization solutions for abrasives that have applications in mining, aggregates, cement, quarrying, and power stations. Magotteaux is a part of Sigdo Koppers, listed in Santiago, Chile. The company is operating in over 150 nations and has a workforce of over 3,000 experienced and qualified employees who can aid customers with much more than grinding optimization and milling proficiency.
2. AIA ENGINEERING
AIA ENGINEERING was founded in 1979 in Ahmedabad, India. It is engaged in designing, emerging, manufacturing, and installation of abrasion and corrosion-resistant moldings. It is the second-largest Hi-Chrome casting manufacturer across the globe. It has 11 subsidiaries in major economies, including India, the UAE, the U.K., and the U.S.
3. Anhui Fengxing
Anhui Fengxing is involved in research & development, manufacturing, sales, and technical services of wear-resistant constituents in the sector of metal castings. It is headquartered in Anhui, China.
4. Ningguo Dongfang
Ningguo Dongfang is a wide-ranging high-tech firm with a collection of over 20 years of experience in the foundry, pioneering in the manufacturing of grinding balls, bucket tooth, castings, liners, rail transit casting, industrial robot castings, auto parts, and, other wear-resistant castings.
5. TOYO Grinding Ball
Toyo Grinding Ball functions as an advanced materials producer. The company manufactures and trades grinding media and heat-resistant wear castings. Toyo Grinding Ball also offers real estate management and internet marketing facilities. It is headquartered in Tokyo, Japan.
6. Estanda
Estanda is a privately-held corporation that produces high-performance steel and alloys. It also provides other services such as the design and production of high-performing steel castings for crushing, milling, and heating/cooling procedures in the mining and cement sectors. Steel parts and machinery are also offered for the railways, automotive, offshore, energy, as well as other industrial equipment.
7. Christian Pfeiffer
Christian Pfeiffer founded his company in 1925, with the strategy of making grinding procedures more proficient. He invented a diaphragm for ball mills that depletes less, is strong, and has affirmative impacts on the grinding techniques. It is headquartered in Germany.
8. Hunan Hongyu
Hunan Hongyu is situated in Bishi town, Miluo city, China. The company has an experience of 10 years of production of graphite goods. It sources, designs, and manufactures synthetic graphite products and CFC components.
9. Anhui Ningguo Ninghu Steel
Anhui Ningguo Ninghu Steel was founded in 1987. Covering a space of 116,000 sqm., the corporation has two major factories with a yearly volume of 30,000 metric tons. It is headquartered in China. Its chief products include grinding ball, high chrome grinding ball, grinding media, cast grinding ball, grinding media ball, low chrome grinding media, high chrome grinding media, high chrome grinding cylpeb, low chrome grinding ball, cast grinding media, cylpeb, and grinding cylpeb.
10.MITAK
MITAK is a foundry, which casts high-chrome white irons with an expansive series of supply competences to the mining, construction, dredging, and power generation sectors. It is located in Johannesburg, South Africa. Moreover, MITAK creates castings to the greatest quality principles and has the ability to suffice the needs of large-scale as well as small-scale customers.
Future Growth in the Chemical and Construction Industry
The demand for High Chrome Mill Internals (HCMIs) is on the rise as they are used in the mining sector to save time and the efficient consumption of other resources. The material possesses extraordinary qualities, such as high strength, inflated shelf-life, and the ability to prevent damages with augmented safety, which work in favor of the demand and usage of this material.