Rubber Mill Lining Market/Share/Growth | GlobalMarketEstimates
Global Rubber Mill Lining Market Insights
The global rubber mill lining market is estimated to grow at a high CAGR during the forecast period (2019-2026). The growing number of the material handling industries coupled with rise in the demand for the grinding operations are some of the major factors driving the composite mill liners market. The components of rubber are lightweight, making them secure and simple to manage. Rubber mill lining expands the lifetime of mineral processing machinery by defending the internal shell from effects and abrasions created by different types of minerals being processed. Rubber mill liners reduce the noise level associated with the processing of minerals. Growing demand from mining and cement industries across the globe is driving the market during the forecast period. Stringent environmental norms by the government are likely to hamper the market growth during the forecast period.
Rubber Mill Lining Market: By Application
On the basis of application, the global rubber mill lining market is segmented into AG mill, ball mill, scrubber, batch mill, rod mill, mixing drum, pebble mill, and others. Scrubber linings are made of composites of rubber. These systems help in improving grinding efficiency. These liners are used to treat laterite alloys and other high clay alloys. The ball mill liner segment is expected to grow at highest CAGR during the forecast period. Significant rise in mineral dressing activities is expected to create a healthy growth opportunity for ball mills manufacturers. AG mills use large pieces of ore as grinding media. These mills are used in grinding at modern mineral processing plants. AG mills reduce the material directly to the desired final size by grinding. Pebble mills are mainly utilized for secondary grinding in dry or wet applications. These mills are used to reduce ores and other materials to 35 mesh or finer, both in open and closed grinding circuits.
Rubber Mill Lining Market: By Sales Channel
On the basis of sales channel, the market is segmented into OEM and replacement. Replacement segment is expected to hold the significant market share during the forecast period. The rate of replacement for mill liners is comparatively higher, which has resulted in the increased demand for mill liners in the global market. However, the demand for OEM is expected to continue its steady growth rate, thereby estimated to gain pace during the forecast period.
Rubber Mill Lining Market: By End-Use Industry
On the basis of end-use industry, the Rubber Mill Lining market is segmented into cement industry, mining, power plants and among others. The mining industry is estimated to account for the largest market share, in terms of volume, during the forecast period (2019-2026). Development of long lasting wear components for mining operations is one of the major factors expected to increase the demand of mill liners in mining industry. Growing mining companies and mining activities across the globe are the major factors driving the Rubber Mill Lining market. The cement industry is estimated to grow at the highest CAGR between 2019 and 2026, in terms of value. Growing construction industry along with expansion of urban cities in developed and developing nations is expected to positively influence the growth of market. Improving economic conditions in countries such as India and China is stimulating the demand for retail and commercial spaces.
Rubber Mill Lining Market: By Region
On the basis of region, the market for mill liner is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America. North America is expected to witness considerable growth in the Rubber Mill Lining market during the forecast period. Growing mining activities in the region is propelling the market. The U.S. is expected to be the largest mining market in North America and is expected to have the largest number of grinding mills. The presence of leading mining companies including Goldcrop, Barrick Gold, and Anglo America among others is driving the market in the U.S. The Asia Pacific region is expected to grow at a high CAGR during the forecast period. The growth can be attributed to growing demand from cement industries. Growing construction industry in emerging countries including China, India, Japan, South Korea and Singapore among others is propelling the market growth in the region.
Rubber Mill Lining Market: End Use Landscape
The end-user landscape entails a list of current and prospective consumers prevailing across the regions. This section briefs you about company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase. The key end-users of the markets are Rio Tinto, Cemex, Anhui Conch Cement Co. and Nanjing Kaisheng International Engineering, among others.
Rubber Mill Lining Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the Rubber Mill Lining market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Rubber Mill Lining Market Share & Competitor Analysis
Some of the key players operating in the Rubber Mill Lining market are The Weir Group (Vulcan), FLSmidth, ME ELECMETAL, Magotteaux, Eriez Manufacturing Co., Trelleborg, Multotec, Magotteaux, Polycorp, and H-E Parts International among others.
Please note: This is not an exhaustive list of companies profiled in the report.
In July 2019, H-E parts crushing solutions has announced the launch of their new workshop in Orange, New South Wales, Australia. The company offer faster turnaround of repairs, quicker and cheaper mobilization for site services by its workshop
In July 2019, Trelleborg's business area Trelleborg Industrial Solutions has signed an agreement to acquire Signum Technology Ltd., the engineering group and becomes a system provider for the fast growing LNG transfer segment
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The global Rubber Mill Lining Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Rubber Mill Lining Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies.
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