Registered global revenue of ~ US$ 730 million in 2018, the mill liner market is expected to exceed US$ 1 billion by 2025 . This study projected a gradual ~ 5% CAGR for mill liner market revenues through its evaluation. 2019-2029 period. The cement and mining industries likely account for ~ 3/4 of total sales in the mill liner environment.
East Asia, followed by South Asia, is expected to hold the top position in the mill liner market, accounting for one-third of the global revenue share.
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The mill liner is equipment that protects the mill shell from wear and transfers its energy to the grinding charge. Primarily, milling machines are subject to heavy wear due to the constant breakdown of the material. And we use mill liners to protect the mill to increase efficiency. Within rubber and steel mill liners, rubber mill liners are easier and faster to install due to their properties such as light weight, good abrasion resistance and sealing properties.
The emergence of mill liners is due to their advantages that complement their utilization across cement, mining and other related industries. The advantages are optimized milling circuits, increased productivity, additional uptime and improved throughput, and safe maintenance. Apart from that, rapid growth in the cement and mining industry has created ample growth opportunities for the global mill liner market. The mining industry in particular is seeing an increase in demand for wheat across grinding operations. As a result, the demand for mill liners is increasing.
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The COVID-19 pandemic has caused distress across mining, metals, manufacturing, construction and industrial sectors. Additionally, the steel industry suffered a major downfall under the greater impact of the COVID-19 pandemic. According to the US Steel Industry, US steel production was down 12.7% year-over-year at the end of March 2020.
This in turn adversely affected the demand for mill liners in the US, UK, Germany, China, Italy, India and other major countries. However, mill liner manufacturers such as HE Parts International, FLSmidth, and others are supporting their mill liner customers extensively by closely monitoring their supply chains to appropriately localize service capabilities across locations. Moreover, in the current pandemic situation, the growth of the mining industry is mainly driven by protecting the safety of employees and severely disrupted supply chains. This in turn is expected to supplement the market growth post COVID-19 pandemic situation.
Key companies profiled:
- Multitech
- FL Smith
- ME electric metal
- Trelleborg Group
- Magoto
- Mezzo Autotech
- HE Parts International
- Tega Industries Limited
- Weir Group PLC
- Shuridge Enterprises
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The questionnaires answered in the report are as follows.
- How did the industry grow?
- What are the current and future prospects by region?
- What are the challenges and opportunities?
- Why Local Consumption?
- In what year is the segment expected to overtake the segment?
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