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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.
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. 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.
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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