Global
Mill Liner Market Insights
The global mill
liner market is estimated to grow at a high CAGR during the forecast period.
The market is majorly driven due to the increased demand from fast growing
mining industry. A mill is a device used for cutting, grinding, and crushing of
solid materials into usable material size for further processing. Mill finds
its usage in wide range of end use industry verticals to process raw materials
required for production. Increasing demand from material handling industry is
one of the major factors expected to spur the market of mill liners across the
globe. Fast growing material handling industry is increasing the number of coal
handling plants which in turn is driving the market of mill liner across the
globe.
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Mill Liner Market: By Liner
Material
The global mill
liner market can be segmented on the basis of liner material into rubber,
steel, and composite among others. The composite liner material is currently
dominating the market of mill liners in terms of liner material. The segment is
also expected to grow at highest CAGR during the forecast period. fast growing
cement related industries along with the resurgence of mining industry are some
of the major factors expected to propel the growth of composite mill liners
during the forecast period. Higher service life along with lower wear rate as
compared to other counterparts is among the major factor expected to spur the
growth of market during the forecast period.
Mill
Liner Market: By Mill
The mill liner
market is segmented on the basis of mill 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. Furthermore, superior
throughput of rod mills has continued to be an area of end users’ attention,
thereby leading to increased demand.
Mill
Liner Market: By Sales Channel
The market for mill
liner is segmented on the basis of sales channel into original equipment
manufacturer, and replacement. The market for replacement has been estimated to
be highly profitable segment. 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.
Mill
Liner Market: By End Use
The market for mill
liner is segmented on the basis of end use into cement industry, mining, and
power plants among others. The market for mining is estimated to dominate the
market of mill liners in 2018. Reduced downtime is one of the most critical
factors to successful mining operations. 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. Mill Liners are designed
to be sacrificial linings to guard grinding mill shells and to improve the
movement of charge for optimum grinding performance and throughput. However, cement
industry segment is expected to grow at highest CAGR during the forecast
period. Fast growing cement industry has created sufficient growth
opportunities for grinding mills, which in turn is likely to propel the market
of mill liners during the forecast period.
Mill
Liner Market: Regional Insights
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
American market for Mill Liner is expected to generate highest market share in
terms of both value and volume. 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. Increased demand for grinding mills is one of the major factors expected
to propel the market of mill liners in the region. Presence of large mineral
deposits in the region is among the major factors expected to propel the growth
of mill liners market in the region during the forecast period. However, Asia
Pacific market for mill liners is expected to grow at a substantial pace during
the forecast period. China is expected to dominate the market of mill liners in
Asia Pacific region, followed by India, Japan, and South Korea. Fast growing
heavy industries along with rapid growth in construction industry are some of
the major factors propelling the market of mill liners in the region.
Mill
Liner Market: Vendor Landscape
The report contains
a chapter dedicated to vendors operating in the 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.
Mill
Liner Market: End-Use Landscape
The end-use
landscape entails a list of current and prospective consumers prevailing across
the regions. This section provides company addresses, contact details,
products, and regional presence of companies who are purchasing or are likely
to mill liner in the coming years. Some companies currently using mill liner
and are likely to purchase it in future are Rio Tinto, BHP, and Glencore among
others.
Mill
Liner: Market Share & Competitor Analysis
Some of the key players operating in the mill liner market are The
Weir Group (Vulcan), FLSmidth, ME ELECMETAL,
Magotteaux, Eriez Manufacturing Co., Trelleborg, Multotec, Magotteaux,
Polycorp, H-E Parts International, and WHEMCO, Inc. among others.
In September 2019,
Weir Group announced that they have been awarded with Euros 100 million order
for “Australian magnetite iron ore project – Bridge Magnetite Project”, a joint
venture between Fortescue Metals Group Ltd subsidiary, FMG Magnetite Pty Ltd.,
and Formosa Steel IB Pty Ltd. The order includes, a range of Weir crushing, and
pumps equipment among others
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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