USD 86.5 billion
Mill Liner Market Size, Share, Growth Analysis, By Linear Material(Steel, Rubber, Composite), By Mill Type(Scrubber Liners, Ball Mill Linings, SAG Mill Liners, AG Mill Liners), By Industry(Mining, Thermal power, Chemical, Others), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG20C2076 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|Tables:
93
|Figures:
76
Mill Liner Market Insights
Mill Liner Market size was valued at USD 92.81 Billion in 2023 and is poised to grow from USD 99.59 Billion in 2024 to USD 189.2 Billion by 2032, growing at a CAGR of 7.3% during the forecast period (2025-2032).
The global mill liner market is growing as a result of the expansion of mining refineries, which has increased demand for mills for grinding operations. The steps of seeking, exploring, drilling, and extraction make up the oil and gas industry's exploration and production operations. The increased need for fuel and electricity generation has led to an increase in offshore exploration activities.
The expansion of cement, mining, and construction industries is what drives the market for grinding mill liners. Additionally, as grinding mills are often used in thermal power plants, the rising energy demand in developing nations has been stimulating the market growth. During the projected period, the market is anticipated to be driven by the quickly expanding population and brisk industrialisation, particularly in the Asia Pacific region. Additionally, the need for substantial amount of steel in developing infrastructure is fuelling regional demand, which presents a further opportunity for key companies to remain highly active at global scale.
US Mill Liner Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Rubber Mill Liner
Fastest Growth
Rubber Mill Liner
Growth Rate
7.3% CAGR
Global Mill Liner Market ($ Bn)
Country Share for NA and AP Region (%)
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Mill Liner Market Segmental Analysis
Global Mill Liner Market is segmented by Linear Material, Mill Type, Industry, and region. Based on linear material, the market can be segmented into steel, rubber, and composite. Based on mill type, the market can be segmented into scrubber liners, ball mill linings, sag mill liners, ag mill liners, and others. Based on industry, the market is segmented into mining, thermal power, chemical, and others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Mill Liner Market Analysis by Type
In terms of liner material, the rubber sector dominated the market and within the forecast period it is predicted to hold a major market share. Rubber mill liners are used in regrind and secondary Milling processes, and they can also be customised for brand-new processes. Natural and synthetic rubbers are frequently used in the making of rubber mill liners. Because of superior materials and computer-aided design methods, they are used extensively in primary grinding applications. The growing application range of grinding mills in cement industries and several mining sectors has augmented the demand in the global industry. On the other hand, the mill Liners in the mining industry is anticipated to increase gradually during the forecast period owing to heightened demand-supply scenario.
Global Mill Liner Market By Application
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Mill Liner Market Regional Insights
During the projected period, North America is anticipated to be a significant region for the Mill Liner market. The United States is anticipated to have the largest mining market in North America as the demand for mill liners is anticipated to rise across the United States as the number of grinding mills rises. Canada is the second largest market to follow and is expected to witness more expansion in the coming years.
The Asia Pacific Mill Liner market is anticipated to grow at a significant rate during the forecast period due to an increase in mining activity. The Mill Liner market in Asia Pacific is anticipated to be dominated by China. Other significant Mill Liner markets in the region include Japan, South Korea, and India. A sizable portion of the worldwide Mill Liner market is anticipated to belong to the Middle East and Africa.
Global Mill Liner Market By Region
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Mill Liner Market Dynamics
Mill Liner Market Driver
Material handling industry to witness an increase in use of mill liners
- Material handling is one of the mining-related industries that are expanding globally. The number of coal handling plants is growing along with the material handling industry. From a mine to a thermal power plant, coal of the same size is transported through a coal handling plant. Coal handling facilities typically convey the uniformly sized coal to a thermal power plant after using a Mill to reduce large coal lumps into workable size.
- The need for grinding mills is largely driven by the growth in the number of coal handling facilities and the production of large quantities of electricity.
Mill Liner Market Restraint
High investment costs to limit the entry of market entrants
- Because of the technological advancements, the initial investment cost is high. These high costs will most likely hinder the growth of the market in the coming future. Also, the equipment failure chances are most likely to occur in this sector. These factors like high cost and high chances of equipment failure are most likely to prove restraining factors for the market.
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Mill Liner Market Competitive Landscape
Most businesses deal with both Mills and Mill Liners, which will continue to give them an advantage over businesses that only produce and supply Mill Liners. Due to the increasing number of competitors in the global Mill Liner market and the intensifying competition among the current players over the next ten years, the market for Mill Liners is anticipated to expand during the forecast period.
Mill Liner Market Top Players Company Profiles
- Metso Corporation
- FLSmidth & Co. A/S
- Eriez Manufacturing Co.
- Bradken Limited
- Multotec Pty Ltd.
- Tega Industries Limited
- Me Elecmetal SA
- Weir Group PLC
- Polycorp Ltd.
- Jyoti Ceramic Industries Pvt. Ltd.
- Altasteel
- Magotteaux SA
- Jiangxi Naipu Mining Machinery and New Materials Co., Ltd.
- Fengxing Wear Resistant Materials Co., Ltd.
- Anhui Sinow Rubber Products Co., Ltd.
- Hubei Jinyangshi New Wear-resistant Materials Technology Co., Ltd.
- CITIC Heavy Industries Co., Ltd.
- Donhad Pty Ltd.
- Xuzhou H&G Wear-resistant Material Co., Ltd.
- AIA Engineering Ltd.
Mill Liner Market Recent Development
- Metso Outotec and Norilsk Nickel (with headquarters in Russia) have a contract for the delivery of SAG and ball Mills as well as other consumables and spares, such as metallic Mill Liners, for the refurbishment of the Talnakh processing plant in Norilsk, in 2021
- H-E Parts International created "WearVision," a technology for tracking crusher wear Liners that allows real-time monitoring. To measure wear and gap quickly, data from "WearVision" is combined with additional crusher analytics, in 2021
Mill Liner Key Market Trends
- Expansions in the cement industry: The Milling industry is expected to grow with a substantial CAGR over the forecast period. The application of Mills in the cement industry is increasing extensively because of the rise in the construction sector. As the infrastructure is continually developing in today’s era it will fuel the growth of the market.
- Increase in use of composite liners: The global industry is projected to switch to composite liners, that is a blend of rubber and metal materials, as these liners offer better wear and tear, low weight, and emit lower noise levels as compared with other types.
Mill Liner Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to the global Mill Liner Market analysis report, the rubber sector dominated in the past few years and continues the trend for the forecast period to account for a major market share. The growing cement industry offers various growth opportunities for grinding mills, which are anticipated to drive the market for mill liners. During the projected period, North America is anticipated to be a significant area for the mill liner market. In addition, the Asia-Pacific regional market is anticipated to show substantial growth within the forecast period.
| Report Metric | Details |
|---|---|
| Market size value in 2019 | USD 86.5 billion |
| Market size value in 2031 | USD 176.33 billion |
| Growth Rate | 7.3% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Mill Liner Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Mill Liner Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Mill Liner Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Mill Liner Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Mill Liner Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Mill Liner Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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