Registering the global revenues of ~US$ 730 Mn in 2018, the market for mill liners is foreseen to cross the US$ 1 billion mark by 2025. The study has projected a progressive ~5% CAGR for mill liners market revenues, over the assessment period of 2019-2029.Cement and mining industries are likely to account for ~3/4th of total sales in the mill liners landscape.
East Asia, followed by South Asia, is envisaged to reign supreme in mill liners market, with a third of the global revenue shares.
Mill liner is an equipment that protects the mill shell from wear & tear and transfers the energy to grinding charge. Primarily, a mill machine undergoes via intense wear & tear due to continuous breakdown of materials. And to protect the mills, mill liners are utilized to increase the efficiency. Within rubber and steel mill liners, rubber mill liners are easier and quicker to install owing to, its properties such as, lightweight, excellent wear resistance and sealing Properties.
The emergence of mill liners is attributed to its advantages that compliments its utilization across cement, mining and other related industries. The advantages being, optimized milling circuit, increased productivity, additional uptime & improved throughput and safer maitainence. In addition to it, the rapid growth of cement and mining industries have been creating ample growth opportunities for mill liner market across the globe. Mining industry in particular, is witnessing increasing demand for mills across the grinding operations. It is, subsequently increasing the demand for mill liners.
The COVID-19 pandemic has created the miseries across the mining, metal, manufacturing, construction and industry verticals. Additionally, the steel industry has also seen major downfall with greater impact of COVID-19 pandemic. As per the U.S. Steel Industry, the U.S. steel production fell by 12.7% year over year at the ending of March 2020.
This in turn, has adversly affected the demand for mill liners across the U.S., U.K., Germany, china, Italy, India and other major countries. However, the mill liner manufacturers such as, H-E Parts International, FLSmidth and others are widely supporting the mill liner customers by closely monitoring the company’s supply chain so as to properly localize the service ability across the locations. Additionally, the mining industry’s growth in the current pandemic situation is majorly driven by the safety of employees and protecting severely disrupted supply chains. This in turn, is expected to complement the market growth post the COVID-19 pandemic situation.
Key Companies Profiled:
- ME ELECMETAL
- Trelleborg Group
- Metso Outotec
- H-E Parts International
- Tega Industries Limited
- The Weir Group PLC
- Shreeji Enterprises
Questionnaire answered in the report include:
- How the industry has grown?
- What is the present and future outlook on the basis of region?
- What are the challenges and opportunities?
- Why the consumption in region?
- In which year segment is expected to overtake segment?
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