Mill Liner Market
Mill Liner Market Analysis By Liner Material (Steel, Rubber, Composites), By Mill Type (Autogenous, Semi-autogenous, Ball, Rod, Pebble), By Sales Channel (OEMs (Original Equipment Manufacturers), Replacement), By End Use (Cement Industries, Mining, Power Plants) & By Region – Global Market Insights 2023 to 2033
Analysis of Mill Liner Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Mill Liner Market Outlook (2023 to 2033)
According to a recently published report by Fact.MR, the global mill liner market stands at US$ 970 million in 2023. Worldwide demand for mill liners is predicted to rise at a CAGR of 5.8% and reach a market valuation of US$ 1.71 billion by 2033-end.
Increasing demand for mill liners is attributed to their advantages, including their use as complementary equipment across mining, cement, and other related industries. Some other advantages include an optimized milling circuit, additional uptime and improved throughput, safer maintenance, and increased productivity. Significant growth in the mining and cement industries is predicted to create ample opportunities for industry players in the coming 10 years. The mining industry is experiencing an increased demand for mills for grinding operations.
A mill liner transfers energy to the grinding charger and protects the mill shell from any sort of wear & tear. Mill machines experience wear and tear due to continuous material breakdown, necessitating the use of mill liners to enhance machines’ effectiveness. Compared to steel mill liners, rubber mill liners are quicker and easier to install due to their properties, including excellent wear resistance, lightweight, and sealing properties.
Industries that are related to mining, including material handling, are estimated to expand at a significant pace over the forecast period. Expansion of material-handling industries has resulted in an increasing number of coal-handling plants. These plants are responsible for transporting coal of uniform sizes from mines to specific thermal power plants. To facilitate this process, mills are utilized to break down larger chunks of coal into the necessary usable sizes and transport them to the respective thermal power plants.
Rising count of coal handling plants is attributed to the increase in power generation that is resulting in the growing demand for grinding mills, thus boosting market growth opportunities.
Fact.MR, a provider of market research and competitive intelligence, has published a research report on the dynamics affecting the mill liner market. This report offers a thorough analysis of multiple factors, including new developments, a regional overview, key limitations, key product ranges, growth drivers, restraining factors, etc. to help readers get a detailed understanding of the industry.
Mill Liner Market Size (2022)
US$ 916 Million
Estimated Market Value (2023E)
US$ 970 Million
Projected Market Value (2033F)
US$ 1.71 Billion
Global Market Growth Rate (2023 to 2033)
Key Companies Profiled
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How is the Mill Liner Market Evolving Around the World?
“Growing Mining Refineries and Increasing Offshore Exploration Driving Demand for Mill Liners in Grinding Operations”
In recent years, there has been a notable rise in the number of mining refineries, resulting in an increased demand for mills to facilitate various grinding operations. The exploration and production processes in the mining industry encompass multiple phases, such as exploration, drilling, and extraction.
Escalating need for electricity and fuel generation is driving extensive offshore exploration activities. These endeavors play a vital role in bolstering the demand for mill systems, thereby creating further growth opportunities in the industry.
“Manufacturers Benefiting from Growth of Cement Industries”
The expansion of the cement sector is leading to a significant increase in the demand for grinding mills, which is predicted to boost opportunities for manufacturers of mill liners. The growth opportunities in the market are supplemented by the expansion of the application scope of different types of grinding mills in the mining and cement industries.
What are the Restraints Impeding the Growth of the Mill Liner Market?
“Higher Initial Investments and Chances of Equipment Failures Associated with Mill Liners”
New entrants into the market are required to make substantial investments due to the elevated costs associated with the technology involved in setting up their business operations. The high cost of mill liners is anticipated to impede market expansion prospects over the next decade. The likelihood of equipment failures is projected to have negative implications on product demand.
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What Strategies and Techniques are Start-ups Resorting To in This Space?
“Growing Emphasis of Start-ups on Production of Technologically Advanced Mill Liners”
New entrants are estimated to invest in the production of innovative mill liners to overcome the challenges of conventional mill liners. They are coming up with composite liners that are a blend of metal and rubber materials. These newly developed liners provide more effective wear-and-tear resistance.
Some other advantages of composite mill liners include the emission of lower noise levels in comparison with other available types. The lightweight nature of these composite-based mill liners is expected to attract the interest of end users. These initiatives are projected to support startups in developing more user-friendly and technologically advanced products, ultimately leading to an increase in their share of profits.
Increased focus on supportive equipment and systems, including turbo mills, classifier mills, impact mills, and complete mill systems, is also forecasted to assist start-ups in gaining a competitive edge.
Why are Manufacturers of Mill Liners Focusing on the United States?
“Increasing Government Investments in Mining Sector”
Sales of mill liners in the United States are projected to increase significantly due to the rising use of various modern technologies in different projects. The growing number of mining projects is driven by the increasing demand for minerals. Moreover, the presence of substantial mineral deposits in the United States is expected to further drive the demand for mill liners.
The government is taking certain steps to increase investments in the mining sector, which is also propelling demand for mill liners. Increasing number of grinding mills are anticipated to enhance opportunities for players.
Which Asia Pacific Countries are Exhibiting High Sales of Mill Liners?
“Rise in Mineral Exploration Activities Driving High Demand for Mill Liners in Japan, South Korea, India, and China”
Escalating cement production across regional countries, including South Korea, China, Japan, India, and others, is contributing to the increased demand for mill liners and thus generating lucrative opportunities for players. In addition, the increasing concerns about the safety of workers are also predicted to boost demand for mill liners in respective industries.
In recent years, there has been a significant increase in mineral exploration activities in the countries from Asia Pacific that is also stimulating demand for mill liners. The rapid growth of the mining and construction industries is also generating lucrative opportunities for industry players. The expanding population is leading to an increasing demand for homes, which is having a direct impact on the growth of the construction industry. These factors are predicted to lead to an increased demand for mill liners in different industries.
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Which Application of Mill Liners is Predicted to Account for Significant Revenue Streams?
“Rising Demand for Advanced Urban Infrastructure Leading to Increased Adoption of Mill Liners in Cement Industry”
Rapidly expanding cement industry is predicted to create ample growth opportunities for suppliers of grinding mills. In recent years, the construction industry exhibited substantial growth due to rising demand for advanced infrastructure and urbanization. Therefore, the rapid development of infrastructure across developing as well as developed countries is forecasted to accelerate demand for mill liners in the cement industry, which is further contributing to market expansion.
Which Type of Liner Material is Anticipated to Be a Noteworthy Contributor to Market Revenue?
“Growing Demand for Rubber-based Mill Liners in Regrinding & Secondary Milling Applications Driven by Computer-aided Design Techniques”
Sales of rubber-based mill liners are predicted to increase at a noteworthy pace. They are utilized in regrinding and secondary milling applications. Rubber mill liners are generally manufactured with a combination of synthetic and natural rubber. Computer-aided design techniques have enabled the extensive utilization of mill liners in various primary grinding applications on a larger scale.
Why are Ball Mills Set to Be Popular over the Forecast Period?
“Rising Ore Dressing Activities Generating Huge Demand for Ball Mills”
The growing need for ball mills is predicted to positively influence market growth opportunities. A remarkable rise in activities related to ore dressing is estimated to generate healthy growth opportunities. Ball mills are gaining attention due to their superior throughput.
Why Do Most Customers Prefer to Replace Mill Liners Instead of a New Purchase?
“Widespread Preference for Replacement of Mill Liners Due to its Cost-effectiveness”
End users have two popular channels, namely original equipment manufacturers (OEMs) and replacements, to acquire mill liners. In recent years, there has been a shift towards replacement rather than new purchases among end users. The replacement of mill liners is favored for its cost-effectiveness compared to acquiring fresh ones. As a result, the global replacement rate of mill liners is relatively higher.
Key Market Players
Maintaining product standards, quality control, strengthening supply chain management systems, etc. are noteworthy initiatives taken by prominent players for the expansion of their footprints around the world.
Agreements, collaborations, new developments, mergers & acquisitions, etc. are some initiatives taken by industry players to expand their footprints globally and enrich their product portfolios.
For instance :
- Metso Outotec, in January 2021, entered into an agreement with Norilsk Nickel for the delivery of SAG & ball mills and various other consumables and parts that include metallic mill liners. They collaborated to deliver the products at refurbishing projects in Norilsk, Russia, at the Talnakh processing plant.
Key players in the mill liner market are Metso Corporation, Magotteaux, ME Elecmetal, FLSmidth, WHEMCo, Inc., The Weir Group (Vulco), Multotec, Eriez Manufacturing Co., Magotteaux, Trelleborg, and H-E Parts International.
Segmentation of Mill Liner Industry Research
By Liner Material :
By Mill Type :
By Sales Channel :
- OEMs (Original Equipment Manufacturers)
By End Use :
- Cement Industries
- Power Plants
By Region :
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
- FAQs -
The global mill liner market is valued at US$ 970 million in 2023.
Worldwide sales of mill liners are projected to rise at a CAGR of 5.8% through 2033.
The replacement channel is widely used for the distribution of mill liners.
Demand for mill liners is set to reach a market value of US$ 1.71 billion by 2033-end.
The cement industry is projected to contribute to the high demand for mill liners around the world.
Prominent suppliers of mill liners are Metso Corporation, Magotteaux, ME Elecmetal, FLSmidth, and WHEMCo.