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 2024-2031

Mill Liner Market size was valued at USD 86.5 billion in 2019 and is poised to grow from USD 92.81 billion in 2023 to USD 176.33 billion by 2031, growing at a CAGR of 7.3% in the forecast period (2024-2031).

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.