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Mill Liner Market key Insights Based on Product Type, End-use and Regional Demand Till 2029

September 26, 2019 by Amanpreet  

Mill Liners Market in Numbers


        
  • 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.

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  • The study has projected a progressive ~5% CAGR for mill liners market revenues, over the assessment period of 2019-2029.

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  • Cement and mining industries are likely to account for ~3/4th of total sales in the mill liners landscape.

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  • East Asia, followed by South Asia, is envisaged to reign supreme in mill liners market, with a third of the global revenue shares.


Competition Dashboard View

Competition analysis of the global mill liners market reveals its moderately fragmented nature, with 50-60% shares captured by prominent players in the mill liners landscape. Cement and mining industries will remain the key revenue generation hubs for mill liners market players, particularly for the leading companies. On the other side, smaller players operating in mill liners marketplace are likely to maintain their strategic focus on secondary end users. Technological innovations in the various materials used for manufacturing of mill liners will remain a strong differentiating factor for those who are augmenting their investments in efforts towards offering a range of highly durable and more efficient mill liners.

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The competitive landscape section of the mill liners market delivers the most insightful information regarding the key market players, their relative global position and business strategies. The market for mill liners is estimated to grow over the forecast period as the contenders in the global market are rising and competition with the existing players is estimated to grow in the next ten years. Moreover, a majority of companies deal in mills as well as mill liners, which will continue to have an advantage over those that are exclusively into the manufacturing and supply of mill liners.

The manufacturers in mill liners market are expected to expand their business portfolio with strategic developments, such as enhanced service offerings, material innovations targeting enduring liner life, regional and global expansion, strategic partnerships and collaborations, and M&A. While East Asia continues to be the prime market for mill liners market players, China is particularly identified to unfold the phenomenal growth potential for mill liners market over forthcoming years. This growth has been attributed to the country’s continued global primacy in cement production, which in turn, is set to promise a stream of opportunities for stakeholders in grinding mills, thereby supplementing sales of mill liners in the country. Research says that as China accounts for almost half of the world’s cement production volume it is highly likely that China will remain a significant market for stakeholders in the mill liners industry.

Key Growth Influencers: Mill Liners Market

Opportunities Galore in Cement Production Facilities

The cement business has been on a forward path over the past five decades. The rush of expansions, acquisitions, mergers, and consolidations has reshaped the global cement industry. The growing cement industry has created ample growth opportunities for grinding mills, which in turn are likely to drive the mill liners market. The demand for mill liners in the cement industry is highly anticipated to witness a momentous growth rate and is projected to reach about US$ 480 Mn 2029 end. Widening application scope of grinding mills in cement industries and the various mining sectors has also been supplementing the opportunities for mill liners in the global market. The demand for mill liners in the mining sector is however likely to witness healthy growth over the coming decade.

Sales of Ball Mill Liners Picking Pace 

Growing demand for ball mills has been positively influencing the overall mill liners market. The liners for ball mills are likely to reflect a healthy rate of growth in sales over the coming years, attributing to the remarkable rise in mineral dressing activities, which in turn are projected to create healthy growth opportunities for mill liners market participants.

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Moreover, the superior throughput of rod mills continues to be an area of end users’ attention, thereby translating into the increase in demand. The demand for semi-autogenous mill and autogenous mill is also likely to gather pace over the course of years to come.

Mill Liners’ Replacement Identified to be a Highly Profitable Area

The replacement rate of mill liners is comparatively higher, which has increased demand for mill liners in the global market. Replacement of mill liners is thus likely to capture a majority of market value shares in the global mill liners landscape. On the other hand, demand for OEM mill liners will continue to showcase a steady rate of growth rate, which is why the market is expected to gain pace in the coming years with an increase in mill sales.

Additional Insight

The Rise of Composite Mill Liners

The demand for steel mill liners has increased significantly in the past few years, and likely to remain prominent over the forecast period. The steel mill liners sales are estimated to grow at a significant pace during the forecast period. The resurgence of mining industry and growth of cement related industries have been creating ample growth opportunities for steel mill liners.

Research indicates that apart from steel mill liners, composite mill liners have been gaining notable traction in the global market over the recent past, which are projected to capture outstanding market shares in the global mill liners industry. The higher demand for composite mill liners is attributed to their lower wear rate and higher service life, when compared to other counterparts. However, the overall growth rate projected for the sales of composite mill liners will remain steady over the said period of time.

Research Methodology

The report offers an in-depth assessment on the mill liners market, which is based on a tested & proven research methodology that involves comprehensive primary and secondary research approaches. These research methods have helped in arriving at important numbers for the mill liners market. Data collected on the mill liners market by these researches go through several validation funnels, examination and re-examination, prior to their inclusion in the report.

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Credibility of the statistics evaluated and data acquired on the mill liners market, bases itself on unique nature of Fact.MR’s research methodology, which claims ensuring greater accuracy and provision of authentic data. Intelligence obtained from opinion leaders and industry experts in the mill liners market have been extrapolated, meanwhile the contemplation of the data has allowed analysts to develop this analytic and insightful report on the mill liners market.

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