Global Mill Liner Market

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.

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FAQs

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).

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.'

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.

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.

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.

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Global Mill Liner Market

Report ID: SQMIG20C2076

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