Global mill liner sales reached 7 million units in 2018, with growth likely to maintain its course at 4% in 2019. As projected by Fact.MR’s latest research intelligence, the global market for mill liners will see a moderate growth outlook in terms of volume, over the course of coming years. A majority of gains are underpinned by the demand within cement industry, followed by that from the mining industry, says report.
As per the production data, the cement industry has shown significant growth in the past few years owing to the increase in construction activities. The cement consumption will continue to be driven by significantly increasing construction activities in emerging countries throughout the Asia Pacific and MEA regions. The Chinese market will be continuing its dominancy in cement production industries followed by India. The upsurge in cement production is likely to boost the demand for milling operation, which in turn create healthy growth opportunities for global mill liners market. To satisfy the global requirement, substantial investments have been made in the mining industry, in prominent regions, including Canada, Latin America, Australia, Asia, and Central Europe, among others.
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.
- 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.
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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.
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.
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.
