Global Composite Mill Lining Market Insights
The global composite mill lining market is estimated to grow at a high CAGR during the forecast period (2019-2026). The growing number of the material handling industries along with the rise in the demand for the grinding operations is some of the major factors driving the composite mill liners market. The high operational efficiency with long lasting performance of the composite mill liners are expected to propel the market growth during the forecast period. Growing demand from mining and cement industries across the globe is driving the market during the forecast period. Superior bonding of composite materials is the major factor driving the market. Stringent environmental norms by the government are likely to hamper the market growth during the forecast period.
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Composite Mill Lining Market: By Mill
On the basis of mill, the global composite mill lining market is segmented into autogenous mills, semi-autogenous mills, ball mills, rod mills, and pebble mills among others. The ball mill liner segment is expected to grow at highest CAGR during the forecast period. Significant rise in mineral dressing activities is expected to create a healthy growth opportunity for ball mills manufacturers. Autogenous mills use large pieces of ore as grinding media. These mills are used in grinding at modern mineral processing plants. Autogenous mills reduce the material directly to the desired final size by grinding. Pebble mills are mainly utilized for secondary grinding in dry or wet applications. These mills are used to reduce ores and other materials to 35 mesh or finer, both in open and closed grinding circuits.
Composite Mill Lining Market: By Sales Channel
On the basis of sales channel, the market is segmented into OEM and replacement. Replacement segment is expected to hold the significant market share during the forecast period. The rate of replacement for mill liners is comparatively higher, which has resulted in the increased demand for mill liners in the global market. However, the demand for OEM is expected to continue its steady growth rate, thereby estimated to gain pace during the forecast period.
Composite Mill Lining Market: By End Use
On the basis of end-use industry, the composite mill lining market is segmented into cement industry, mining, power plants and among others. The mining industry is estimated to account for the largest market share, in terms of volume, during the forecast period (2019-2026). Development of long lasting wear components for mining operations is one of the major factors expected to increase the demand of mill liners in mining industry. Growing mining companies and mining activities across the globe are among the major factors driving the composite mill lining market. The cement industry is estimated to grow at the highest CAGR between 2019 and 2026, in terms of both value and volume. Growing construction industry along with expansion of urban cities in developed and developing nations is expected to propel the market growth. Improving economic conditions in countries such as India and China is stimulating the demand for retail and commercial spaces.
Composite Mill Lining Market: By Region
On the basis of region, the market for mill liner is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America. North America is expected to witness considerable growth in the composite mill lining market during the forecast period. Growing mining activities in the region is among the major factors propelling the growth of market across the region. The U.S. is expected to be the largest mining market in North America and is expected to have the largest number of grinding mills. Rise in grinding mills is expected to increase the demand for composite mill liners across the U.S. The presence of leading mining companies including Goldcrop, Barrick Gold and Anglo America among others are driving the market in the U.S. Canada is expected to be the second largest composite mill liner market in North America. The Asia Pacific region is expected to grow at a high CAGR during the forecast period. The growth can be attributed to growing demand from cement industries. Growing construction industry in emerging countries including China, India, Japan, South Korea and Singapore among others are some of the factors expected to positively influence the market growth in the region.
Composite Mill Lining Market: End Use Landscape
The end-user landscape entails a list of current and prospective consumers prevailing across the regions. This section briefs you about company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase. The key end-users of the markets are Rio Tinto, Cemex, Anhui Conch Cement Co. and Nanjing Kaisheng International Engineering, among others.
Composite Mill Lining Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the composite mill lining market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Composite Mill Lining Market Share & Competitor Analysis
Some of the key players operating in the Composite Mill Lining market are The Weir Group (Vulcan), FLSmidth, ME ELECMETAL, Magotteaux, Eriez Manufacturing Co., Trelleborg, Multotec, Magotteaux, Polycorp, and H-E Parts International among others.
In July 2019, H-E parts crushing solutions opened a new workshop in Orange, New South wales, Australia. The company offer faster turnaround of repairs, quicker and cheaper mobilization for site services by its workshop
In May 2019, FL Smidth announced the launch of PulpMax composite mill liners, which are high-performance semi-autogenous grinding (SAG) and ball mill liners for all mineral processing applications
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