Rod Mill Research:CAGR of 5.1% during the forecast period

QY Research Inc. (Global Market Report Research Publisher) announces the release of 2025 latest report "Bar and Wire Rod Mills- Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031". Based on current situation and impact historical analysis (2020-2024) and forecast calculations (2025-2031), this report provides a comprehensive analysis of the global Wire Drawing Dies market, including market size, share, demand, industry development status, and forecasts for the next few years.

The global market for Bar and Wire Rod Mills was estimated to be worth US$ 685 million in 2024 and is forecast to a readjusted size of US$ 900 million by 2031 with a CAGR of 3.8% during the forecast period 2025-2031.

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Rod Mill Market Summary

A rod mill is a crucial piece of equipment used in the mining, construction, iron manufacturing, and chemical industries for grinding and pulverizing materials. It works similarly to a ball mill, using rods or balls to crush and grind materials through friction. Compared to other types of mills, rod mills are particularly suitable for both wet and dry grinding processes, offering efficient and uniform grinding results. They are widely used for crushing and processing a variety of materials.

According to the new market research report "Global Rod Mill Market Report 2025-2031", published by QYResearch, the global Rod Mill market size is projected to reach USD 0.24 billion by 2031, at a CAGR of 5.1% during the forecast period.

Figure00001. Global Rod Mill Market Size (US$ Million), 2020-2031

Above data is based on report from QYResearch: Global Rod Mill Market Report 2025-2031 (published in 2025). If you need the latest data, plaese contact QYResearch.

Figure00002. Global Rod Mill Top 14 Players Ranking and Market Share (Ranking is based on the revenue of 2024, continually updated)

Rod Mill

Above data is based on report from QYResearch: Global Rod Mill Market Report 2025-2031 (published in 2025). If you need the latest data, plaese contact QYResearch.

According to QYResearch Top Players Research Center, the global key manufacturers of Rod Mill include Metso Outotec, ThyssenKrupp, CITIC, FLSmidth, Shenye Machinery, KURIMOTO, Hongxing Machinery, Shenyang Metallurgical Heavy Equipment, Luoyang Dahua Heavy Industry, Strommasina Corp, etc. In 2024, the global top 10 players had a share approximately 68.0% in terms of revenue.

Figure00003. Rod Mill, Global Market Size, Split by Product Segment

Rod Mill

Based on or includes research from QYResearch: Global Rod Mill Market Report 2025-2031.

In terms of product type, currently Wet Grinding Type is the largest segment, hold a share of 69.7%.

In terms of product application, currently Mining Industry is the largest segment, hold a share of 47.5%.

Market Driving Factors

Several factors are driving the growth of the rod mill market. One of the key drivers is the accelerated development of global mineral resources, particularly in the Asia-Pacific region. As mining activities increase, there is a growing demand for high-efficiency grinding equipment, particularly in mineral ore processing. Wet grinding rod mills are ideal for processing fine-grained ores, offering uniform grinding results and driving their widespread use in the mining industry.

Another driver is the growth of the construction industry. With urbanization progressing rapidly, the construction sector requires more processed raw materials, and rod mills are used extensively in cement production and sand aggregate processing. In cement production, rod mills not only improve grinding efficiency but also reduce environmental impact during production.

In the iron manufacturing industry, rod mills are used for coarse grinding of ores and efficient processing of raw materials in steel production. As the global steel industry continues to expand, the demand for rod mills to enhance production efficiency and reduce operational costs is increasing.

Additionally, the chemical industry is seeing growing demand for rod mills. The chemical production process requires fine-grained materials and efficient production processes, and rod mills provide the necessary grinding precision. This trend is especially prevalent in the production of fine chemicals and materials.

Market Challenges

Despite the strong growth prospects, the rod mill market faces several challenges. One of the main challenges is the high initial investment cost of the equipment. While rod mills offer long-term efficiency benefits, the upfront cost for purchasing and installing the equipment can be significant, especially for small to medium-sized enterprises. This initial financial burden may deter potential customers from adopting rod mills.

Another challenge is the environmental concerns related to water usage in wet grinding rod mills. In regions where water resources are scarce, the water requirement for wet grinding may become a limitation, thus making dry grinding rod mills a more attractive option in certain areas.

Furthermore, competition in the global rod mill market is intensifying, with more companies entering the field and offering various types of mills with different capabilities. This increased competition pushes companies to innovate continually and improve the efficiency and environmental sustainability of their products.

Lastly, global economic fluctuations may impact the rod mill market. The performance of industries such as mining, construction, and chemical manufacturing directly affects the demand for rod mills. During periods of economic uncertainty, companies may delay investments in new equipment, affecting the market growth.

The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.

The Bar and Wire Rod Mills market is segmented as below:
By Company
Primetals Technologies
SMS Group
Danieli
Kocks
ANDRITZ Group
FUHR WIRE
Preet Machines
Sarralle
Atlas Rolling Mill
Pomini Long Rolling Mills
Steel Plantech

Segment by Type
Conventional Bar and Wire Rod Mills
High-Speed Bar and Wire Rod Mills

Segment by Application
Automobile
Mechanical
Construction
Others

Each chapter of the report provides detailed information for readers to further understand the Bar and Wire Rod Mills market:

Chapter 1: Introduces the report scope of the Bar and Wire Rod Mills report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. (2020-2031)
Chapter 2: Detailed analysis of Bar and Wire Rod Mills manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2020-2025)
Chapter 3: Provides the analysis of various Bar and Wire Rod Mills market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. (2020-2031)
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.(2020-2031)
Chapter 5: Sales, revenue of Bar and Wire Rod Mills in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world..(2020-2031)
Chapter 6: Sales, revenue of Bar and Wire Rod Mills in country level. It provides sigmate data by Type, and by Application for each country/region.(2020-2031)
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. (2020-2025)
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

Benefits of purchasing QYResearch report:

Competitive Analysis: QYResearch provides in-depth Bar and Wire Rod Mills competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.

Industry Analysis: QYResearch provides Bar and Wire Rod Mills comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.

and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.

Market Size: QYResearch provides Bar and Wire Rod Mills market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.

Other relevant reports of QYResearch:
Global Bar and Wire Rod Mills Market Outlook, InDepth Analysis & Forecast to 2031
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Global Bar and Wire Rod Mills Market Report, History and Forecast 2018-2029, Breakdown Data by Manufacturers, Key Regions, Types and Application
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Global Bar and Wire Rod Rolling Mills Industry Research Report, Growth Trends and Competitive Analysis 2023-2029

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