Global Mill Liner market will reach 3630 million US$ by the end of 2025

Publisher: QYResearch

Published Date: 2018/12/29

Mill Liners are designed to be sacrificial linings to protect grinding mill shells and to enhance the movement of the charge for optimum throughput and grinding performance.

In the coming years there is an increasing demand for Mill Liner in the regions of North America and Europe that is expected to drive the market for more advanced Mill Liner. Increasing of Mining fields expenditures, more-intense competition, launches in introducing new products, retrofitting and renovation of old technology, increasing adoption of Mill Liner will drive growth in China markets.

Globally, the Mill Liner industry market is low concentrate as the manufacturing technology of Mill Liner is relatively matures than some products. And some enterprises, like Bradken, Me Elecmetal, Flsmidthetc. are well-known for the wonderful performance of their Mill Liner and related services. At the same time, Asia-Pacific, occupied 32.09% sales market share in 2016 is remarkable in the global Mill Liner industry because of their market share and low cost of raw material and labor.

The sales of Mill Liner are related to downstream industries and global economy. As there will always be some uncertain in the global economy in the following years, the growth rate of Mill Liner industry may not keep that fast. But it is surely forecasted that the market of Mill Liner is still promising.

The global Mill Liner market is valued at 3070 million US$ in 2017 and will reach 3630 million US$ by the end of 2025, growing at a CAGR of 2.1% during 2018-2025.

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