Fact.MR, in its latest business intelligence study, depicts the nuts and bolts of the global mill liner market. The mill liner report presents detailed information regarding the drivers, restraints, opportunities and trends affecting mill liner market growth. Each segment along with its sub-segment is analyzed in terms of value and volume. Further, the mill liner report elaborates the market behavior of each vendor operating in the mill liner market. This Fact.MR study tracks the growth of global mill liner market through 2029. The global mill liner sales volume is likely to increase at ~4% CAGR between 2019 and 2029, as anticipated by this Fact.MR study.

Global mill liner sales reached 7 million units in 2018, with an estimated ~4% yearly rise in 2019. As projected by Fact.MR’s latest research intelligence, the global mill liners market will see a moderate growth outlook in terms of volume, over the course of coming years. A majority of gains are underpinned by the demand within cement industry, followed by that from the mining industry, says report.

Growing with the trends, the mining industry is introducing new and advanced extraction technologies, which are capturing investors’ attention to mining activities. The grinding mills have majorly used in the mining industry for the comminution of different mineral ores. The rising investments in mining are estimated to translate into new sales of milling equipment, including mill liners.

Steel Remains the Material of Choice for Mill Liner Manufacturers

The study opines that steel, closely trailed by rubber, remains a preferred choice of material for manufacturing of mill liners. Fact.MR’s analysis suggests that both the materials collectively make up for the material choice for ~65% of mill liners that are sold. Steel will however continue to reign supreme over the foreseeable future, as indicated by the report.

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Fact.MR’s analysis concludes that the replacement of mill liners continues to gain prominence over new mill liner sales in the global market, and the former accounts for 3/5th shares of the overall sales volume. Manufacturers, in line with the growing market shares of mill liners replacement, are vying for differentiation for a competitive edge. As increasing scope of replacement is creating a stream of opportunities, faster liner replacement is likely to emerge a strong differentiating factor.