The business intelligence study for the Centella Asiatica market provides an extensive synopsis of essential aspects involving the product classification, important definitions, and other industry-specific parameters. The report also covers the key factors associated with the current events such as alliances, mergers & acquisitions, and new product launches. Additionally, the Centella Asi...
Mill liners act as protective linings for grinding mill shells that enhance the grinding performance and throughput. They are primarily used in cement industry which has witnessed expansion in the recent years. Global mill liners market has been shaped by variety of activities taking place in cement industry like mergers, collaborations and acquisitions. These expansion-focused activities generate huge opportunities for utilization of Mill liners.
Mining sector amps up demand
Latest Fact.MR report states that global mill liners market has witnessed a surge in demand in the cement industry. This market is projected to amount US$480Mn by the end of forecast period 2019-2029. The growth rate for the forecast period is expected to be ̴5% CAGR. Mining sector along with cement sector is responsible for the further expansion of global market. In fact, both the industries are expected to be responsible for three-fourth of total mill liners sale in the forecast period. The competitive landscape is non-uniform and a prominent stake holders have acquired 50%-60% of market. The smaller manufacturers thrive on the strategies to acquire maximum secondary end users.
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Companies are indulging in multiple businesses like in mills and mill lines to stay ahead of the crowd. Strategic developments for enhanced service offerings, innovations and collaborations are practiced by major take holders to have a greater penetration in market. East Asia is a hub of significant market players. China is also expected to boost the global mill liners market in coming years owing to the developments in cement industry in the region. Fact.MR report highlights the fact that China produces half of the total cement produced across the globe.
Steel liners are gaining significance
Ball mills also employ mill liners and a growth in their demand positively influences the market growth. The reports forecasts about healthy growth of ball mills in coming years because of the mineral dressing activities. These activities generate profitable opportunities for the participants in global mill lines market. Rod mills have caught attention lately. They utilize mill liners to give a superior throughput. Semi-autogenous and autogenous mills are also gaining popularity and are expected to drive the global market.
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Apart from mill liner’s application and benefits, their quick replacement also amps up their demand. Replacements account for majority shares of global mill liner’s market. OEM mill liners are witnessing moderate growth in demand which is anticipated to grow in future. Steel mill liners are coming in the fore front as their usage has increased in the recent years. Application of mill liners in mining and cement industry is projected to drive the market growth of steel liners in the forecast period. Composite mill liners are also gaining traction on global level and are forecasted to own the outstanding market share of the global market. The high demand for composite liners is on the pretext of its advantages like low wear rate and greater service life.
Major stake holders profiled in global mill liner market are Eriez manufacturing Co., Multotec, H-E Parts International, Metso Corporation, FLSmidth and Magotteaux.
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